Consumers may have revved up their spending in October, but spending more doesn’t mean getting more — prices are also up this holiday season. In this episode, why most shoppers feel like they're doing less with more. Plus: Auto loan delinquencies rise, mortgage applications heat up during an often-chilly season, and Kai explains the price-earnings ratio of the S&P 500, which is at a decades-high. Every story has an economic angle. Want some in your inbox? <a href="https://www.marketplace.org/newsletters">Subscribe</a> to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at <a href="https://www.marketplace.org/">marketplace.org</a> — and consider <a href="https://www.marketplace.org/make-a-smart-investment">making an investment</a> in our future.

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Are we spending more because we can, or because we have to?

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