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News Articles: Your Money

A sold sign stands outside a home in Wyndmoor, Pa., on June 22, 2022. Two recent studies suggest that prospective homeowners will have to earn more than $100,000 annually to afford a typical home in much of the U.S.

Tagged as: 

  • Business

You'll need more than $100,000 in income to afford a typical home, studies show

Two recent studies suggest that prospective homeowners will have to earn more than $100,000 annually to afford a typical home in much of the U.S.

April 02, 2024
|
By:
  • Joe Hernandez
Israeli soldiers are seen near the Gaza Strip border in southern Israel, Monday, March 4, 2024.

Tagged as: 

  • Your Money

How much of your tax dollars are going to Israel and Ukraine

There's been a lot of disagreement in Congress and in the country about whether the U.S. should continue to financially support the wars in Ukraine and Gaza.

Some taxpayers don't think the U.S. should give Ukraine any money to fight off Russia's invasion. And some taxpayers have concerns about how they might be funding weapons that have been used to kill civilians in Gaza. And there are questions about how much individual taxpayers contribute to war efforts, generally.

So in this episode, we attempt to do the math: The average taxpayers' contribution to Israel and Ukraine. It's not so simple. But in attempting to do this math, we get this window into the role of our tax dollars on foreign assistance, and how the U.S. sells weapons to other countries.

For links to some of the reports we looked at to report this episode, check out the episode page on NPR.org.

This episode was hosted by Sarah Gonzalez and Alexi Horowitz-Ghazi. It was produced by Sam Yellowhorse Kesler and edited by Jess Jiang. It was fact-checked by Sierra Juarez and engineered by Robert Rodriguez. Alex Goldmark is our executive producer.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+
in Apple Podcasts or at plus.npr.org/planetmoney.

March 29, 2024
|
By:
  • Sarah Gonzalez,
  • Alexi Horowitz-Ghazi,
  • and 2 more
Visa and MasterCard announced, Tuesday, March 26, 2024, a settlement with U.S. merchants related to swipe fees, a development that could potentially save consumers tens of billions of dollars.

Tagged as: 

  • Economy

Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants

Visa and Mastercard announced a major settlement with U.S. merchants, potentially ending years of litigation over the fees charged every time a credit or debit card is used in a store or restaurant.

March 27, 2024
|
By:
  • GPB Newsroom

Tagged as: 

  • Your Money

What is the new etiquette for tipping?

Tipping requests are on the rise. Businesses that never seemed to ask for a tip, like fast food joints, are now asking for one. Here's how to deal with unexpected requests and more.

March 26, 2024
|
By:
  • Stacey Vanek Smith
The IRS is warning taxpayers that they may be leaving more than $1 billion on the table. The federal tax collector said Monday, March 25, 2024, that roughly 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020.

Tagged as: 

  • Your Money

The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire

The average median refund is $932 for 2020. Texas (93,400), California (88,200), Florida (53,200) and New York (51,400) have the largest amount of people potentially eligible for these refunds.

March 26, 2024
|
By:
  • GPB Newsroom
An electronic billboard advertises the Mega Millions and Powerball jackpots, Monday, March 25, 2024, in in Des Moines, Iowa.

Tagged as: 

  • National

Powerball jackpot climbs to $865 million as long winless drought continues

The Powerball jackpot increased to an estimated $865 million after no one won Monday night's drawing, continuing a winless streak that dates to New Year's Day.

March 26, 2024
|
By:
  • GPB Newsroom
The cereal aisle at a store in San Rafael, California.  Manufacturers have been using "shrinkflation" techniques for years, but in the midst of inflation and higher food prices, the practice is being scrutinized and politicians are calling it out.

Tagged as: 

  • Economy

You're Not Imagining It; Shrinkflation Is Real

Here's one sign that shrinkflation is no longer just a topic for economics nerds.

Cookie Monster recently complained on social media that his favorite food was getting smaller. "Me hate shrinkflation!" the fuzzy blue monster declared. "Guess me going to have to eat double da cookies!"

President Biden promised to sign a bill banning it during his State of the Union address.

Shrinkflation isn't new.

It's been happening for years. But people seem to be paying more attention right now amidst high food prices and inflation. And the White House is clearly aware of that.

After years of rising prices, many Americans are fed up with paying more and getting less. Will the pendulum ever swing back?

For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.

Email us at considerthis@npr.org.

March 13, 2024
|
By:
  • GPB Newsroom
Lay's potato chips are on sale at a California grocery store in February 2023.

Tagged as: 

  • Economy

The State of 'Shrinkflation': Why Biden called out skimpy bags of potato chips

The term is relatively new, but companies have long hidden price hikes in plain sight by changing package sizing. Now the debate is getting political.

March 08, 2024
|
By:
  • Alina Selyukh
The Norwegian supermarket chain REMA 1000 uses dynamic pricing for all the items in its stores, including Kvikk Lunsj chocolate bars and Solo soda.

Tagged as: 

  • Economy

Is dynamic pricing coming to a supermarket near you?

Dynamic pricing is an increasingly common phenomenon: You can see it when Uber prices surge during rainy weather, or when you're booking a flight at the last minute or buying tickets to your favorite superstar's concert. On an earnings call last week, Wendy's ignited a minor controversy by suggesting it would introduce dynamic pricing in its restaurants, but the company quickly clarified that it wasn't planning on using it for "surge pricing."

One place you hardly ever see dynamic pricing? American supermarkets.

Why is that? Why shouldn't the prices for meat or bread or produce go down as they get older? Why does all the milk in the store cost the same, even when the "sell by" dates are weeks apart? Wouldn't a little more flexibility around prices be better for customers and help reduce waste?

Professors Robert Evan Sanders and Ioannis (Yannis) Stamatopoulus had similar questions. So they set out to discover what was keeping supermarkets from employing a more dynamic approach, and what might convince them it was time for a change ... in pricing.

This episode was hosted by Amanda Aronczyk and Nick Fountain. It was produced by Willa Rubin and edited by Keith Romer. It was engineered by Valentina Rodríguez Sánchez and fact-checked by Sierra Juarez.

March 06, 2024
|
By:
  • Amanda Aronczyk,
  • Nick Fountain,
  • and 2 more
President Biden convened his Competition Council at the White House on March 5 after his administration announced new actions to cap credit card late fees at $8, compared with $32.

Tagged as: 

  • Elections

Taking on junk fees is popular. But can it win Biden more voters?

President Biden is expected to highlight his push to cap junk fees in his State of the Union address, for a second year in a row. It's a theme he plans to take on the campaign trail.

March 06, 2024
|
By:
  • Deepa Shivaram
The Consumer Financial Protection Bureau capped credit card late fees as part of the Biden administration fight against junk fees.

Tagged as: 

  • Economy

The U.S. sharply limits how much credit cards can charge you in late fees

The Consumer Financial Protection Bureau issued a new rule Tuesday capping late fees on credit cards, a move designed to save customers an estimated $10 billion a year. Critics promised a lawsuit.

March 05, 2024
|
By:
  • Scott Horsley
Ezra Croft from North Carolina saw his annual homeowners' insurance surge to $1,600, a $700 increase. Many others across the country are also seeing surging auto and home insurance premiums.

Tagged as: 

  • Business

'Everything is rising at a scary rate': Why car and home insurance costs are surging

The cost of auto and home insurance is rising much faster than overall inflation, thanks in part to a string of billion-dollar storms. A growing number of people are going without insurance.

March 05, 2024
|
By:
  • Scott Horsley
Rohit Chopra, director of the Consumer Financial Protection Bureau, is working toward regulation to remove medical bills from consumer credit reports.

Tagged as: 

  • Health

Why a financial regulator is going after health care debt

The Consumer Financial Protection Bureau, created after the Great Recession of 2007-09, has increasingly started policing the health care system.

March 01, 2024
|
By:
  • Noam Levey
Thin Mints and Samoas are perennial bestselling Girl Scout Cookies, but Adventurefuls, Lemon-ups and Do-si-Do cookies also have die-hard fans.

Tagged as: 

  • Family

My daughters sold Girl Scout Cookies. Here's what I learned in the Thin Mint trenches

There are no Wonka-like scenes of Tagalong rainbows and Do-si-do stools. But parents can be forgiven for feeling like Oompa Loompas — hardworking cogs in a well-oiled machine.

February 29, 2024
|
By:
  • Bill Chappell
Secretary of Education Miguel Cardona answers questions during the daily briefing at the White House Aug. 5, 2021, in Washington, D.C.

Tagged as: 

  • Education

Student loan balances wiped for the first batch of borrowers in Biden's SAVE plan

"It's moral hazard if you're only doing debt relief, but I believe we're balancing it out with accountability on colleges," says Education Secretary Miguel Cardona.

February 21, 2024
|
By:
  • Ana Perez and
  • Steve Inskeep
  • Load More

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