ALL THE MONEY NEWS YOU NEED TO KNOW | |
Good morning and happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused edition of The Daily Money. |
When you buy something, how important is the return policy? To a lot of shoppers, it is what helps them choose where to make a purchase. |
But in a recent survey, 68% of shoppers said they believe retailers make it easy to abuse flexible return policies. And 49% of those surveyed admitted to abusing those policies in the last year. | A new survey reports that 68% of shoppers think retailers make it too easy to abuse flexible return policies. Brianna Maestas, Amarillo Globe-News via USA TODAY NETWORK |
Delinquencies are up for student loan borrowers |
Student loan borrowers are seeing their credit scores plunge if they fall behind on their payments. Economists say it could be bad news for borrowers and the economy at large, my colleague Bailey Schulz reports. |
In a recent report, the Federal Reserve Bank of New York found the delinquency rate for student loans surged from less than 1% in the fourth quarter of 2024 to nearly 8% in the first quarter of this year as a pause on reporting delinquent loans ended. |
More than 2.2 million newly delinquent student loan borrowers' credit scores plunged more than 100 points. |
Speaking of those college grads, tariffs and AI are altering the job market for new grads. That's not to say there aren't any jobs. The U.S. Bureau of Labor Statistics said there were 7.2 million job openings in March: about where the job market stood in the months before the pandemic. |
📰 Consumer stories you shouldn't miss 📰 |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. | | In a survey, 49% of shoppers admitted to abusing lenient return policies. What is the criminal side to return fraud? | | Millions of borrowers saw their credit scores plummet in the first quarter, which could make major purchases like buying a home or car more difficult. | | | | Millions of jobs are still waiting to be filled, but are these really for recent college graduates? | | | | These provisions may not have top billing in the sweeping GOP tax bill, but they could have a big impact on Americans' everyday lives. | | | | Dreaming of a proposal at Disney World? Here's my story along with some tips to keep in mind. | | | | Small homes play an outsized role in the housing market, serving as entry points, places for retirees, and also forever homes for many Americans. | | | | Some Rite Aid stores around the country have Thrifty Ice Cream counters inside. What will happen to them as pharmacies close? | | | | U.S Customs and Border Protection seized more than 211,000 counterfeit auto parts in fiscal year 2024, up from the prior year. | | | | If regulators sign off, United Airlines and JetBlue are soon going to have a much closer connection. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | |
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