The good news? The Commerce Department says personal income and consumption were up in June. Bad news is savings didn’t rise with ’em. In fact, high interest rates and high prices have battered the personal savings rate down to an almost two-year low, leaving many households without a financial security cushion. In this episode, we’ll also get into why national manufacturing growth depends on where you are, and Boston is incentivizing office to residential real estate conversions.

The opening ceremony of the Summer Olympics are slated to get underway today in Paris. And while artificial intelligence isn’t competing (yet), it is playing a role in scoring, crowd control and security, and even finding talent. Also on the show: Inflation inches closer toward the Federal Reserve’s target in June, and California’s Supreme Court deals a blow to efforts by gig workers to be classified as employees with certain benefits.

A new study from researchers at Harvard’s Opportunity Insights and the Census Bureau finds that children have a better chance at moving up the economic ladder if most of the adults they interact with are employed — not just in the household but beyond. We’ll delve in. Plus, the Biden White House still has lots on its economic plate before a new president comes to power in six months.

From the BBC World Service: Just as the Olympics are getting underway in Paris, the French train network has been hit by arson attacks, causing major delays and disruption. The incident will put even more focus on security at the games, which is already extremely tight. Then, we’ll look at how AI is being used to help make athletes’ lives easier and scoring more accurate at this year’s Games.

On the show today: The ascent of Vice President Kamala Harris to the top of the Democratic Party ticket has stirred the KHive. We’ll look at what the Harris memes mean, in case you just fell out of a coconut tree. Plus, why Waymo is suing alleged vandals of its vehicles in San Francisco. We ask, why now? But first, cookies are here to stay — for a while, anyway. Google is backtracking on its plan, announced in 2020, to do away with the files that advertisers use to track us online. Marketplace’s Lily Jamali spoke with Paresh Dave, senior writer at Wired magazine, about why.

New gross domestic product data just came in — GDP grew a healthy 2.8% annually in the second quarter, better than predicted. Meanwhile, consumers are focused on buying essentials and credit card debt is growing. In this episode, we’ll examine why GDP is strong while many everyday people feel squeezed for cash. Plus: New real estate broker fee rules take effect next month and the number of Americans who predict they’ll retire young is up.

When President Biden leaves office in 2025, he’ll leave behind a series of industrial policies like the CHIPS Act and Inflation Reduction Act that have turned United States economic policy on its head. We’ll get into why it may take decades to see these initiatives fully play out. And, we’ll get into Vice President Kamala Harris’s budding economic agenda. Plus, why Tesla and other tech companies were a drag on the stock market this week.

Here’s everything we talked about today:

• “What happens to Biden’s industrial policy initiatives now?” from Marketplace
• “The Momala Economy: The candidate caregivers have been waiting for” from 19th News
• “Tesla earnings: Automotive revenue falls 7% in Q2, robotaxi timing unclear” from Axios
• “What goes up must come back down” from Marketplace
• VIDEO: “Paris” by The Brevet

Join us tomorrow for our 2024 Olympics Edition of Economics on Tap. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. And watch the hosts square off in a round of This/That!

You’ve probably heard of dynamic pricing, like on ride-sharing apps. Now, the Federal Trade Commission is looking into surveillance pricing, which is when companies charge you a different price than someone else for the same product or service based on data they have on where you are and clues about your interests and lifestyle. We’ll unpack. Plus, GDP was higher than anticipated in the second quarter — but it wasn’t driven by consumers.

Wall Street indexes are droopy this morning after a surge downward yesterday. The S&P 500 fell 2.3% and the Nasdaq had its deepest drop in two years. Some are calling it “rebalancing” as investors pull back from some of their tech darlings. And, as a follow-up to yesterday’s episode, we check in with Juan Carlos Cisneros Suarez, who has been waiting for a visa and has skills in computer programming or robotics.

From the BBC World Service: The stock market sell-off is spreading from the U.S. to Asia and Europe. There have been declines across the board, but companies specializing in AI and semiconductor chips have been hit especially hard. Part of it has to do with expectations of additional trade restrictions from the U.S. on chip trade with China. Then, smaller brands are competing against fashion giants to deck out this year’s Olympic athletes.

Back in 1990, then-President George H.W. Bush signed the Americans with Disabilities Act, the world’s first comprehensive law for people with disabilities. It was seen as making up for an area in which the Civil Rights Act of 1964 fell short. “The stark fact remains that people with disabilities were still victims of segregation and discrimination, and this was intolerable,” Bush said. Now, the legislation passed at the dawn of the internet age is being adapted to ensure digital access for everyone. That means ensuring access to captions on web videos to support deaf Americans and the ability to resize text so people with low vision can read it. Marketplace’s Lily Jamali spoke with consultant Nicolas Steenhout, who explained how the Department of Justice is updating the rules.