Anirban Basu | WYPR

Anirban Basu

Host, Morning Economic Report

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants.  Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate.  Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes.  Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.

He is the author of numerous regional publications including the Mid-Atlantic Economic Quarterly and Outlook Maryland and is routinely asked to contribute to local media, including on his radio show on WTMD, 89.7 FM/Baltimore and here on WYPR's Morning Economic Forecast.  Anirban completed his graduate work in mathematical economics at the University of Maryland.  He earned a Masters in Public Policy from Harvard University in 1992. His Bachelors in Foreign Service is from Georgetown University and was earned in 1990.  He is currently working toward his J.D. at the University of Maryland, Baltimore.

Living on Less

Sep 21, 2017

Due in large measure to the inadequacy of retirement savings in America, data continue to indicate that many retirees are living on remarkably little income and sacrificing essentials to make ends meet.  

According to a recent analysis by Fidelity, a couple retiring this year will require an estimated $275,000 to cover healthcare costs during retirement...

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Click on the image for The MERs for the week of September 4.

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Starting with this week's episode, The Morning Economic Report will be presented in one podcast. 

Click on the image for The MERs for the week of August 28.

Wage Gains

Sep 7, 2017

For months, economists have puzzled over low wage growth in the context of low unemployment.  The nation’s official rate of unemployment recently hit a 16 year low, but average hourly earnings are only up about two and a half percent over the past year, well short of the three and a half percent that typifies a solidly performing economy. 

What you should be doing to prepare for retirement depends largely on how old you are today. As indicated by writer Kerry Hannon, if you are in your twenties and thirties, you may want to read a book on personal finance if you haven’t done so yet. You also want to sketch out your monthly budget, including items like rent, groceries, and loan repayments.  

Click on the image for The Morning Economic Reports for the week of August 21.

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Click on the picture for The Morning Economic Reports for the week of August 14. 

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There are many articles on how to save for retirement, but less so on how to stretch your resources once retirement begins...


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Click on the image for the reports from the week of August 7.

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Perhaps you’ve heard this before – you are going to need a million dollars to retire. Your initial response may be to ignore such counsel – after all, that number just seems a little too round to be right...


Many have read reports regarding how ill-prepared many Baby Boomers are for retirement. Last year, GoBankingRates published research involving more than 1500 adults over the age of 55. As indicated by writer Barbara Friedberg, approximately 30 percent of those respondents claimed to have no retirement savings...  

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Click on the image for the MERs for the week of July 31.

Many have read reports regarding how ill-prepared many Baby Boomers are for retirement. Last year, GoBankingRates published research involving more than 1500 adults over the age of 55. As indicated by writer Barbara Friedberg, approximately 30 percent of those respondents claimed to have no retirement savings...


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Click on the image for the MERs for the week of July 24. 

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Click on the image for the Morning Economic Reports from the week of July 17.

When to Retire

Jul 20, 2017

Deciding when to retire is a question many will face at some point. It is not a simple matter. Many factors are at work. USNews supplies five initial items worth considering as one contemplates making the transition to retired status. The first is obvious – the income analysis. One needs to consider their potential retirement income sources, including Social Security...


Sans Savings

Jul 13, 2017

Over time, the volume of data indicating the inadequacy of savings grows. For instance, according to a recent GoBankingRates survey, 35 percent of all adults in American have only several hundred dollars in their savings account. 34 percent have zero savings and about half of U.S. families have no retirement account savings...

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Click on the image for the Morning Economic Reports from the week of July 10.

Click on the image for the Morning Economic Reports from the week of July 3.

Is there a retirement crisis in America?  One is tempted to simply answer yes.  Our population is aging, Social Security’s trust funds will be depleted by twenty thirty four according to the most recent analysis, and the median households headed by someone aged fifty-five to sixty-four has just a bit more than one hundred thousand dollars in retirement savings.  Despite this, economists and others remain sharply divided with respect to the question of whether or not American is in the midst of a retirement crisis.  

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Click on the image for the Morning Economic Reports from the week of June 30.

Saving for retirement is arguably the most complicated financial endeavor we will undertake.  Not only does saving for retirement implicate theories of portfolio construction, but also our likely lifespans, our tolerance for risk, our shared economic future, and the likely trajectory of our own careers...

Shrinking Homes

Jun 22, 2017

Newly constructed homes shrunk in terms of average size last year for the first time since the end of the recession. According to recently released Census Bureau data, the median size of a new single-family home fell 2 percent to 2,422 square feet in 2016. 

Anirban has more. 


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The lack of college affordability continues to be a growing problem across the nation. According to data from the College Board, the average cost of tuition of an in-state student at a public university was more than $9600 for the 2016/2017 school year, up 2.4 percent for the year.  

Anirban has more. 


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You may have heard people say that as many as half of all households with Americans 55 and older have no retirement savings at all. The source for this statement is none other than the U.S. Government Accountability Office or GAO.  

Anirban has more. 


Job Creation

Jun 21, 2017
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Last month, unemployment sank to just 4.3 percent, its lowest level in 16 years. That sounds like good news, but the unemployment rate largely dipped for the wrong reasons. The nation added 138,000 jobs in May according to the government’s preliminary estimate, but that was a disappointing tally.  


Pollution

Jun 20, 2017
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The global environment has been in the news a lot lately. You may have heard it said that among the world’s greatest polluters are China and India, the world’s two most populous nations and also among its most rapidly growing economically. The International Monetary Fund predicts that China’s economy will expand 6.6 percent this year and that India’s will expand by more than 7 percent.  


Aging Vehicles

Jun 19, 2017

According to an IHS Markit study, the average age of vehicles on American roads is now a record 11.6 years.  There are many reasons for this, including the higher quality of new vehicles. As pointed out by an analyst at Kelley Blue Book, many people are "basically driving around in a rotary phone close."

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Next time you go to the mall, you should probably give it a big hug and wish it luck. A new report from Credit Suisse predicts that between 20 and 25 percent of American malls will close within five years. As reported by CNNMoney, that level of dislocation would be unprecedented in the nation’s history.  

Anirban has more. 


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