Mid-day Update

PODCAST: Why is it so hard to save?

David Brancaccio Nov 27, 2013
HTML EMBED:
COPY
Mid-day Update

PODCAST: Why is it so hard to save?

David Brancaccio Nov 27, 2013
HTML EMBED:
COPY

The U.S. government has announced a $253 million fine against Weatherford, a Swiss oil and gas services company that trades on the New York Stock Exchange. The penalty settles charges by the U.S. government that Weatherford violated the Foreign Corrupt Practices Act (FCPA). 

The signs are everywhere that the holiday season is upon us: Black Friday bargains, Cyber Monday steals, and those “skip a payment” offers from lenders that give consumers a month off from paying credit card bills, car payments, and other debt.Some of them come right out and say that you could use the extra money for holiday shopping. So what’s the catch?  

When 40 percent of Americans live paycheck to paycheck, you have to wonder why saving money is so difficult. Marketplace Money’s Carmen Wong Ulrich points to declining wages, but she also says the culture of saving was lost.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.