The Powerball jackpot increased to an estimated $865 million after no one won Monday night's drawing, continuing a winless streak that dates to New Year's Day.
Here's one sign that shrinkflation is no longer just a topic for economics nerds.
Cookie Monster recently complained on social media that his favorite food was getting smaller. "Me hate shrinkflation!" the fuzzy blue monster declared. "Guess me going to have to eat double da cookies!"
President Biden promised to sign a bill banning it during his State of the Union address.
Shrinkflation isn't new.
It's been happening for years. But people seem to be paying more attention right now amidst high food prices and inflation. And the White House is clearly aware of that.
After years of rising prices, many Americans are fed up with paying more and getting less. Will the pendulum ever swing back?
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One place you hardly ever see dynamic pricing? American supermarkets.
Why is that? Why shouldn't the prices for meat or bread or produce go down as they get older? Why does all the milk in the store cost the same, even when the "sell by" dates are weeks apart? Wouldn't a little more flexibility around prices be better for customers and help reduce waste?
Professors Robert Evan Sanders and Ioannis (Yannis) Stamatopoulus had similar questions. So they set out to discover what was keeping supermarkets from employing a more dynamic approach, and what might convince them it was time for a change ... in pricing.
This episode was hosted by Amanda Aronczyk and Nick Fountain. It was produced by Willa Rubin and edited by Keith Romer. It was engineered by Valentina Rodríguez Sánchez and fact-checked by Sierra Juarez.
President Biden is expected to highlight his push to cap junk fees in his State of the Union address, for a second year in a row. It's a theme he plans to take on the campaign trail.
The Consumer Financial Protection Bureau issued a new rule Tuesday capping late fees on credit cards, a move designed to save customers an estimated $10 billion a year. Critics promised a lawsuit.
The cost of auto and home insurance is rising much faster than overall inflation, thanks in part to a string of billion-dollar storms. A growing number of people are going without insurance.
There are no Wonka-like scenes of Tagalong rainbows and Do-si-do stools. But parents can be forgiven for feeling like Oompa Loompas — hardworking cogs in a well-oiled machine.
"It's moral hazard if you're only doing debt relief, but I believe we're balancing it out with accountability on colleges," says Education Secretary Miguel Cardona.
Temu aggressively markets "hot deals," such as a hooded button-up fleece jacket for $8.32. But some U.S. officials accuse Temu of unfair and/or unethical practices.
Keith King was upset when his marriage ended. His wife had cheated, and his family broke apart. And that's when he learned about a very old type of lawsuit, called a heart balm tort. A lawsuit that would let him sue the man his now ex-wife had gotten involved with during their marriage.
On this episode, where heart balm torts came from, what relationships looked like back then, and why these lawsuits still exist today (in some states, anyway.) And also, what happened when Keith King used a heart balm tort to try to deal with the most significant economic entanglement of his life: his marriage.
This episode was hosted by Erika Beras and Sarah Gonzalez. It was produced by Emma Peaslee and edited by Molly Messick. It was fact-checked by Sierra Juarez and engineered by Gilly Moon. Alex Goldmark is Planet Money's executive producer.
The bill includes $33 billion to expand the widely used child tax credit for three years — including the tax season currently underway, provided the bill quickly passes the Senate.
The department needs extra time to fix a mistake that could have hurt lower-income borrowers, but the delay means all students will have to wait longer for their college aid offers.