Could your boss kick a little something into your student loan payments?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 15 October 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
There’s a way U.S. companies could help employees pay down student loan debt the way the boss can help you save for retirement. But will your company go for it? We’ll discuss. First, the lowest-income countries are getting poorer and more in debt, the World Bank finds. Then, we’ll hear some business advice from a 9-year-old entrepreneur, courtesy of our friends over at “Million Bazillion.”
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Could your boss kick a little something into your student loan payments? |
| 0:05.0 | I'm David Brancaccio. First, lowest income countries are getting poorer and more in debt. |
| 0:10.0 | According to a new report this week from the World Bank. It identifies |
| 0:14.4 | 26 countries needing more international aid. Here's Marketplace's Nova |
| 0:18.3 | Safo. The countries the World Bank identifies are mostly located in |
| 0:22.4 | sub-Saharan Africa but also include Yemen |
| 0:25.3 | and Afghanistan. |
| 0:26.6 | They account for 40% of all people living on less than $2.15 a day. Many of these countries do have plentiful natural resources such as |
| 0:36.3 | oil, cocoa, and precious metals needed for high-tech manufacturing. But big price swings in |
| 0:42.4 | commodities markets have left the countries vulnerable to economic shocks, |
| 0:47.0 | and they are in their worst financial shape in about two decades, according to the World Bank. |
| 0:51.0 | The report comes a week before annual meetings in Washington where the World Bank |
| 0:56.4 | and International Monetary Fund hope to raise $100 billion to help struggling countries. |
| 1:02.1 | I'm Nova |
| 1:03.5 | Safo for Marketplace. There is a way U.S. companies could help employees pay down |
| 1:09.2 | student loan debt the way the boss can help you save for retirement but will your company |
| 1:14.4 | go for it? Chris Farrell is Marketplace's senior economics contributor. Hey there |
| 1:18.7 | Chris. It's good to be with you David. So I guess it would make logical sense that if you got to pay more |
| 1:27.7 | student loans you might be less attentive to sock-in-away money for retirement but is there actual |
| 1:34.4 | evidence? So there's a recent example that comes from the Employee Benefits |
| 1:38.2 | Research Institute and J.P. Morgan Asset Management so they did a study |
| 1:42.2 | three-year period, and what they found in |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

