Can I afford that big summer vacation?
It’s a question many people ask this time of year. And the answer may hinge on greater economic forces at play.
The U.S. Bureau of Labor Statistics reported in May that costs were up 3.8%. Moody’s – a financial services company – tells CNBC that the average American household is spending $450 more on gas and energy since U.S. airstrikes began in Iran earlier this year.
We'll explore how public policy and politics are impacting consumer spending this summer.
Guests:
- Mark Blyth, professor of international and public affairs, Brown University
- Rachel Lenda, director of tourism, Connecticut’s Department of Economic and Community Development
- David Standridge, chef, The Shipwright's Daughter restaurant
- Paul Brault, owner, Lobster Tales food truck
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