full transcript

From the Ted Talk by John Gerzema: The post-crisis consumer

Unscramble the Blue Letters

Visa now reports that more people are using debit crads than cierdt cards. So we're starting to pay for things with menoy that we have. And we're starting to be much more careful about how we save and invest. But that's not really the whole story, because this has also been a dramatic time of transformation. And you've got to admit, over the last year and a half, consumers have been doing some weird things. It's pretty staggering, what we've lived through. If you take into auocnct that 80 percent of all Americans were born after World War II, this was essentially our dsoipesren.

Open Cloze

Visa now reports that more people are using debit _____ than ______ cards. So we're starting to pay for things with _____ that we have. And we're starting to be much more careful about how we save and invest. But that's not really the whole story, because this has also been a dramatic time of transformation. And you've got to admit, over the last year and a half, consumers have been doing some weird things. It's pretty staggering, what we've lived through. If you take into _______ that 80 percent of all Americans were born after World War II, this was essentially our __________.

Solution

  1. depression
  2. account
  3. credit
  4. money
  5. cards

Original Text

Visa now reports that more people are using debit cards than credit cards. So we're starting to pay for things with money that we have. And we're starting to be much more careful about how we save and invest. But that's not really the whole story, because this has also been a dramatic time of transformation. And you've got to admit, over the last year and a half, consumers have been doing some weird things. It's pretty staggering, what we've lived through. If you take into account that 80 percent of all Americans were born after World War II, this was essentially our Depression.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
savings rate 3
déclassé consumption 3
health care 2
world war 2
lowest level 2
shark attacks 2
tremendous opportunity 2
yacht club 2
york city 2
existing infrastructure 2
interesting company 2
electricity usage 2
moving truck 2

Important Words

  1. account
  2. admit
  3. americans
  4. born
  5. cards
  6. careful
  7. consumers
  8. credit
  9. debit
  10. depression
  11. dramatic
  12. essentially
  13. ii
  14. invest
  15. lived
  16. money
  17. pay
  18. people
  19. percent
  20. pretty
  21. reports
  22. save
  23. staggering
  24. starting
  25. story
  26. time
  27. transformation
  28. visa
  29. war
  30. weird
  31. world
  32. year