Finance & Economy

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What’s the Reason Behind the K-Shaped Economy?

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VOCABULARY & EXPRESSIONS

inequality gap: 불평등 격차
It pretty much describes the country’s worsening inequality gap.

classified: 주제별로 분류된
recession: 경기 후퇴
Economies can be classified in a few different ways as they rebound from a recession.

splurge: 돈을 물 쓰듯 쓰다
The K-shaped recovery explains how high income consumers continue to splurge on luxury goods, homes and travel, all while keeping their jobs during the pandemic.

spectrum: 범위
groceries: 식료품
Consumers on the lower end of the spectrum are struggling to afford basic necessities like housing and groceries.

wealth concentration: 부의 집중
A key measure of wealth concentration, or the amount of wealth held by a select few, is sitting at a 60 year peak.

disrupt: 방해하다
And outside of politics, AI will likely disrupt who will get well-paying jobs.

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Inheritance Could Take a Hit Due to Health Care Costs

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VOCABULARY & EXPRESSIONS

real estate: 부동산
annuities: 연금
It’s in 401ks, it’s in real estate, it’s in insurance and annuities.

bank on (something): ~에 의지하다
And people we spoke to saying it’s not a check they’re banking on.

immense: 엄청난
projection: 예상
A majority of that immense wealth is concentrated at the very top of that k, with more than half of the wealth transfer expected to go to the wealthiest 2% of American households, according to recent projections by chase’s team.

typical: 전형적인, 대표적인
A 65 year old retiring in 2025 will need more than $170,000 to cover typical health care and medical expenses throughout retirement.

substantial: 상당한
Not everyone is in a position to pass down a substantial amount of inheritance to their kids.

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Spending Strategies for the Holiday Gift-Giving Season

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VOCABULARY & EXPRESSIONS

correspondent: 특파원
You’ll want to hear what our senior business correspondent Christine Romans has to say.

breathing space: 여유
high interest: 고리, 비싼 이자
That’ll buy you some breathing space to get rid of the old debt without paying that really high interest.

tricks up your sleeve: 숨겨둔 계략
So, Christine, I know you’ve got some tools and some tricks maybe up your sleeve that you can share with us to save a little.

cloud your judgment: 판단을 흐리게 만들다
It can cloud your judgment.

allure: 매력
And the allure is, instead of a high interest credit card, you’re breaking something up into four equal payments and it’s sort of spreading out those costs.

homemade: 집에서 만든, 손수 만든
Maybe do homemade gifts.

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How Identifying Your Money Personality Helps Your Goals

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VOCABULARY & EXPRESSIONS

tendency: 성향, 기질
splurge: 돈을 물 쓰듯 쓰다
We all spend money a little bit differently, but your natural tendencies may influence how you save, how you splurge, and invest.

imply: 넌지시 나타내다, 비치다
So, savers, as the name implies, is someone that’s going to be saving more than spending.

caveat: 위험부담
But the caveat with the saver is that sometimes you’re not enjoying life.

decision paralysis: 결정 장애, 우유부단
So the balancer is someone that might get a little bit of decision paralysis.

high yield savings account: 고금리 저축예금 계좌
And that should just be going into a high yield savings account or going into the market.

ideal: 이상적인
Well, look, when it comes to the ideal, the ideal personality types will be a combination of the saver and the balancer.

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Hershey Announces it Will Raise Prices by Double Digits

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VOCABULARY & EXPRESSIONS

sky-high: 하늘을 찌를 듯한
Hershey announcing it’s raising its prices because of sky-high costs of cocoa.

correspondent: 특파원
Let’s bring in NBC’s business correspondent Brian Chung.

satiate: 실컷 만족시키다
sweet tooth: 단것을 좋아함
Unfortunately, it’s going to get a little bit more expensive to satiate that sweet tooth because Hershey’s did say that they’re going to have to raise the cost on consumers by low double digits.

hamper: 방해하다
They’ve been hampered by bad weather.

shrinkflation: 제품의 가격은 그대로 두지만 크기나 중량을 줄여 가격을 인상하는 판매 전략
So again, Hershey’s saying not only could there be price increases, they might even have to change the size of the packaging as what’s known as shrinkflation as we’ve talked about so much on the show.

source (something): 공급을 얻다
You look at a company like Dunkin Donuts, which sources a lot of their coffee from Brazil.

 
 

 

 

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Where Do Korean Teens Spend All Their Money?

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VOCABULARY & EXPRESSIONS

regardless: …에 상관없이
reflect: 반영하다
Recent research by NH Noya Bank found that Korean teenagers, regardless of gender, commonly spend their money at convenience stores, coffee shops, and generally low-cost stores, reflecting their tight budgets and uncertain times.

cost effectiveness: 비용 효율성
typically: 일반적으로
The lender said young people prioritize cost effectiveness in their spending and typically use check cards for payments instead of carrying cash.

financial assets: 금융자산
According to NH Noya’s analysis of teenage customer data, including card usage and financial assets from 2020 to last year, check card usage among teens has steadily increased.

proportion: 비율
indicate: 나타내다
Additionally, the proportion of teens making payments more than twice a day increased from 18% to 29%, indicating that check cards have become a regular part of everyday life for Korean teenagers.

 
 

 

 

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How Gulf Oil Giants Are Buying Global Power

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VOCABULARY & EXPRESSIONS

national pride: 국민적 자부심
You think about the feeling that you get when you watch the Olympics or something like that, that feeling of national pride.

dwarf: 소형의
And collectively, they dwarf the others.

plummet: 급락하다 
But over the last decade, the cost of clean energy alternatives to oil has plummeted.

agenda: 의제
Sports is one of the things that has really sort of risen up the agenda, probably over the last sort of 10 to 15 years.

qualitative: 질적인 
quantitative: 양적인 
In a lot of cases, the soft power, the diplomacy, the more qualitative aspects versus the quantitative aspects, that ends up being far more powerful and then anything that, you know, money could really buy.

scrutiny: 정밀 조사
It’ll surprise few people that this has all drawn scrutiny and criticism.

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Tesla Left. Is Meta Next? Delaware’s Law Crisis

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VOCABULARY & EXPRESSIONS

incorporate: 설립하다
They’re incorporated here in Delaware, a state famous for being business friendly.

exodus: 이탈
The state recently passed a law to stop the exodus.

lawsuit: 고소
That was his reaction to a Delaware court striking down his $46 billion Tesla pay package after a minority shareholder’s lawsuit.

controversy: 논란
scrutinize: 면밀히 조사하다
The question at the heart of the controversy is how closely controlling shareholders should be scrutinized by the courts.

existential: 존재에 관한
That could be an existential crisis for them.

administrative: 행정상의
And you’ve also got a speedy administrative environment.

attorney: 변호사 
So many companies and attorneys were asking us to create what they call safe harbors.

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South Korea Braces for Economic Blow From US Tariffs

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VOCABULARY & EXPRESSIONS

hit hard: 큰 타격을 주다
US President Donald Trump’s new 25% tariffs are expected to hit hard.

alliance: 동맹
I don’t think emphasis on alliances will work because I think this administration looks at alliances very badly.

concession: 양보
Instead of earning South Korea concessions, Trump held up the investments as proof his tariffs work.

scramble: 분주히 움직이다
The government in Seoul is still scrambling for a response strategy.

retaliation: 보복
So far there’s no talk of economic retaliation.

tread lightly: 조심스럽게 행동하다
So the government likely feels it has to tread lightly.

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How Will the Global Economy Fare in 2025?

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VOCABULARY & EXPRESSIONS

stumble: 비틀거리다
fundamental: 근본적인
China and Germany stumbled last year with fundamental challenges proving difficult to fix meanwhile the US saw strong growth.

powerhouse: 실세
Traditionally the German economy is seen as the powerhouse of Europe.

stagnation: 경기 침체
We haven’t seen any economic growth here to speak of for years and 2025 looks set to be another year of stagnation.

strife: 갈등
The governing coalition here collapsed in November after months of political strife and arguments and there are snap elections in February.

pessimistic: 비관적인
But the more pessimistic Chinese people are about their economy, the more likely these already conservative consumers are to save more rather than spend more.

sentiment: 감정
And turning this sentiment around is going to be very tough indeed.

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