Why the experience economy endures

Aggregate demand. Basis points. Commodity cycles. Michelle Meyer got a graduate degree in economics so you didn’t have to. The chief economist at the Mastercard Economics Institute, her goal is to cut through the jargon and make economics approachable, informative and, if possible, fun.

In “Your Personal Economist,” a video series with personal finance company MoneyLion, Meyer breaks down the latest macroeconomic news and trends and how they could affect your life — and your wallet. In this video, she discusses the impact of inflation on consumer spending, what consumers are prioritizing, and where we’re seeing the most growth in spending.

“While inflation may limit how much consumers spend,” she says, “they are more empowered than ever to choose how they spend it and adjust that spending as personal preferences change.”