Everything’s more expensive!! Pet care!! Concert tickets!! (Two Indicators)
Planet Money
Nov 05
Everything’s more expensive!! Pet care!! Concert tickets!! (Two Indicators)
Everything’s more expensive!! Pet care!! Concert tickets!! (Two Indicators)

Planet Money
Nov 05
Americans are grappling with the realities of a rising cost of living, where everyday expenses—from entertainment to healthcare for pets—are stretching household budgets. This episode dives into two surprising corners of the economy where inflation hits particularly hard: concert tickets and veterinary bills.
Concert ticket prices have skyrocketed due to reseller bots that exploit demand, creating frustration for fans and operational headaches for venues. Despite laws banning bots, enforcement is weak, and the secondary market persists by correcting underpriced tickets—though profits often bypass artists. Meanwhile, pet care costs are surging, driven by labor-intensive services affected by Baumol’s cost disease, where wages rise without productivity gains. Corporate consolidation in vet clinics and deep emotional bonds between owners and pets further inflate spending. Some states are fighting back with price caps and anti-bot laws, but solutions remain uneven. For pet owners, preventive care and early insurance can help, even as those costs also climb.
09:01
09:01
Maine implements a 10% cap on ticket resale prices to prevent gouging
11:02
11:02
Most pet owners skip necessary vet care due to cost
13:45
13:45
Baumol's cost disease explains rising vet care prices due to labor intensity.