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BiggerPockets Money Podcast

512: Unemployment Inches Up, Inflation Returns, & Serious News for Student Loans

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.62.9K Ratings

🗓️ 19 March 2024

⏱️ 35 minutes

🧾️ Download transcript

Summary

Has the job market finally flipped? Throughout most of the pandemic, it seemed that any and every worker was a hot commodity. Job-hopping was the new norm as businesses outbid each other to get the best talent. Now, thanks to rising interest rates, a slower economy, and a return to the office, it seems that employees don’t have the same negotiating power they did just a couple of years ago, and the new jobs numbers are showing this. Welcome to a new type of format on the BiggerPockets Money podcast—a headlines show! We’re taking some of the top news stories from the world of personal finance and the overall economy and giving you our takes so you can make better money decisions. First, a strong jobs report comes in, but unemployment still rises as Americans find it harder and harder to get the job they want. Are employers back in control after years of workers owning the market? Then, we’ll touch on the latest inflation numbers and why costs are rising even as work becomes less available. Student loan borrowers receive a huge win as getting their debt discharged during bankruptcy becomes even easier. This could cause significant ripple effects for which degrees become financeable in the future! Finally, a 529 plan update that now gives parents a HUGE reason to invest in their child’s future education. Click here to check the full show notes: https://www.biggerpockets.com/blog/money-512 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hey folks you'll notice that Kyle is missing from about the second half of this episode or much of the second half of this episode.

0:06.0

We ended up experiencing some technical difficulties but this episode is so value-packed we wanted to get it out to you right away.

0:13.8

Welcome, everybody, to the BiggerPockets Money Podcast.

0:16.4

Today, we're going to do a different kind of episode.

0:19.4

We've rounded up some of the most interesting money headlines

0:22.1

over the past few weeks and we're going to be

0:23.7

dissecting them and commenting on them one by one today.

0:26.1

Yeah, that's right, Scott. In this episode we're going to hear about what's going on in the

0:29.4

job market, inflation, how that impacts consumer spending, student loan discharges, and how 529 transfers

0:36.5

could potentially benefit your retirement accounts.

0:39.2

Hello and welcome to the BiggerPockets Money Podcast. I'm Kyle Mast and here today with me

0:44.6

is my fully employed co-host, Scott Trench.

0:48.0

Hey, Kyle, great to be here and I'm hoping

0:49.8

that you're going to bring the fire

0:52.0

as our unemployed co-host.

0:53.6

That's the joke there today.

0:55.9

All right, we're here to make financial independence less scary.

0:58.2

Less just for somebody else to introduce you

1:00.4

to every money story and every money headline because we truly believe

1:04.8

financial freedom is attainable for everyone no matter when or where you're

1:08.0

starting. Right first article title of this one is February Jobs Report, US hiring remains strong.

1:15.4

It's from the New York Times and here are the points.

...

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