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How a college credit card signup led to $20,000 in debt

Apr 24, 2023
Yanely Espinal, host of Marketplace's podcast "Financially Inclined," tells the story of taking on a financial responsibility she wasn't prepared for.
"I sat down, added up all the credit card debt that I had," Yanely Espinal said. "And it was just over $20,000. That scared me half to death."
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Should you trust chatbots to give you financial advice?

Apr 14, 2023
They may sound good. But the advice isn’t always sound.
People are using AI chatbots like ChatGPT to look up financial advice. But the quality of the recommendations isn't always up to snuff.
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How to get more than $250,000 covered by federal deposit insurance

From creating joint accounts to patronizing multiple banks, there are ways to maximize FDIC coverage, says economics contributor Chris Farrell.
Having too much money to be insured in one account is a good problem to have. Marketplace economics contributor Chris Farrell explains how to solve it.
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Could companies be persuaded to bring back pensions?

Why defined pension plans could make a comeback in a tight labor market.
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Inflation, high spending propels consumer debt up

Mar 9, 2023
Different types of consumer debt saw a substantial rise in January, according to the Federal Reserve.
Consumer debt, led by credit card spending, has been on the rise in the U.S. in the past few years.
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Making a major life change? These financial steps can help

Whether you've decided it's time to change jobs or you're dealing with an unforeseen circumstance.
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Economic malaise tightens some consumers' pocketbooks

Nov 22, 2022
People feeling the effects of a slowing economy may consider cutting spending, says Washington Post columnist Michelle Singletary.
Consumers experiencing economic difficulties may cut back on expenses like dining out, says Washington Post personal finance columnist Michelle Singletary.
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For public good, not for profit.

The case for calculating climate risk into retirement plans

Retirees may want to consider climate change risk when choosing a spot to settle down, says Chris Farrell.
Popular retirement destinations like Florida and Arizona are experiencing the effects of worsening climate change, says Marketplace senior economics contributor Chris Farrell.

What's behind Biden's income-driven repayment plan for student loans?

The proposal could be a step "toward a vastly simpler and lower-cost way to pay for higher education," says economics contributor Chris Farrell.
The administration proposed a student-loan repayment system based on earnings and family size in conjunction with its plan to cancel some student debt.
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How many American workers are benefiting from employer retirement programs?

A new study sheds light on how just under half of American workers aren't covered by employer health coverage.
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