Some bank customers are jumping to high-yield savings accounts to escape the shockingly low interest rates of personal savings accounts at big banks. So why aren't these banks raising their rates to attract more customers? Today on the show, we explore why big banks may not care about your savings account anymore.Related episodes:The dangers of money market funds (Apple / Spotify) Interest rates up, but not on your savings account (Apple / Spotify)Bad Form, Wells Fargo For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

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A bite-sized show about big ideas. From the people who make Planet Money, The Indicator helps you make sense of what's happening in today's economy. It's a quick hit of insight into money, work, and business. Monday through Friday, in 10 minutes or less.
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Folge vom 15.08.2024Why big banks aren't interested in your savings account
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Folge vom 14.08.2024Should presidents have more of a say in interest rates?Former President Donald Trump recently suggested that if elected in this year's presidential election he would want more say on decisions made by the Federal Reserve. Presidents taking a more active role in monetary policy would mark an extraordinary shift in U.S. economic institutions, and mark the end of central bank independence. Today on the show, why the Federal Reserve insulates itself from day-to-day politics, and what it looks like when central banks are influenced by politicians. Related Episodes:Happy Fed Independence Day (Update) Arthur Burns: shorthand for Fed failure?How the Fed got so powerfulFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
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Folge vom 13.08.2024The Denver basic income experimentHomelessness is a pervasive issue that cities across the country struggle to address. This led an entrepreneur to team up with researchers and local foundations for an experiment called the Denver Basic Income Project. The goal was to see how different variations of a basic income program would impact the local homeless population. What the researchers found could become a guide for how localities in the United States could address the problem of homelessness.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
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Folge vom 12.08.2024Beach reads with a side of economicsIt's that time of year when we want to lie on a beach and lose ourselves in a good book. Today on the show, three summer reading recs that got our hosts thinking about economics. Remember, anything read on the beach is, in fact, a "beach read." Books recommended in this episode: • Exit West by Mohsin Hamid (B&N, Bookshop) • Everything Is Predictable: How Bayesian Statistics Explain Our World by Tom Chivers (B&N, Bookshop) • Range: Why Generalist Triumph in a Specialized World by David Epstein (B&N, Bookshop) Related episodes: How Asimov's 'Foundation' has inspired economists (Apple / Spotify) The carbon coin: A novel idea Beach reads for econ nerdsFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy