Why owning a car is getting so expensive

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 13 April 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s hard to get around without a car these days. But in the last couple of years, owning one has become very expensive. We’ll explain the deceptive practices happening in the auto lending market. And, we’ll explain how Rep. Alexandria Ocasio-Cortez’s power in the Democratic Party was demonstrated by a campaign contribution. Plus, we’ll play a round of Half Full/Half Empty and weigh in on “dumbphones” and adult gap years.

Here’s everything we talked about today:

- “Ocasio-Cortez Never Steered Money to a Key Arm of Her Party. Until Now.” from The New York Times

- “The rise of the scammy car loan” from Vox

- “Decades later, Bonnie Tyler still finds new fans for her hit song every total eclipse” from CBC Radio

- “Tech is supercharging pre-employment personality tests” from Marketplace

- “The Dumbphone Boom Is Real” from The New Yorker

- “Broadband ‘nutrition labels’ help you comparison shop for cable” from Marketplace

- “Brands in Space: What’s behind the rush to advertise in the final frontier?” from Marketplace

- “‘Companies are starting to realize burnout is an issue’: Meet the lucky workers taking sabbaticals and ‘adult gap years’ to recharge” from Fortune

We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Transcript

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0:00.0	Hey Marketplace listeners, you know around here we like to think you're never too young to learn about the economy and financial basics.
0:05.6	That's why we're bringing the million bazillion live tour to school to teach important lessons about budgeting, investing, saving, and more.
0:12.8	It's all the fun of the podcast, but now live,
0:15.4	immersive and interactive.
0:17.4	Special thanks to our tour partner, Green Light,
0:19.8	the debit card and money app for kids and teens.
0:22.6	Learn more about greenlight at greenlight.com
0:25.1	slash million.
0:26.4	That is green light dot com slash million.
0:30.0	There we go.
0:31.1	There we go.
0:31.8	Nick O Time, baby.
0:34.0	Deadlines are for.
0:36.0	Hello everyone, I'm Kimberly Adams.
0:38.0	Welcome back to Make Me Smart.
0:39.0	Where we make today make sense, it is Friday, April the 12th. I'm Kai Rizdahl. It's good to be back
0:47.3	at a week off college visits, East Coast. Thanks for joining us on the podcast, the
0:51.6	YouTube live stream Friday, as I said, and as as Kimberly said so we'll say it one more time it's Friday
0:55.5	Weekly happy hour economics on tap is what we do I'm totally sober by the way stone cold sober
1:01.6	Well, I mean that leads us to the next point which is because it's
1:04.8	Friday we're going to do news we're going to take a break play a game but
1:07.4	before that what are you drinking? I'm you know it's funny I was all set to have a
	...

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