Good morning and happy Friday! This is Betty Lin-Fisher in the consumer-centric Daily Money edition on Friday.
How important is a return policy when buying something? For many shoppers, it helps them choose where to buy.
However, in a recent survey, 68% of shoppers said they believe retailers can easily abuse their flexible return policy. 49% of those surveyed admitted to abuse these policies last year.
There is also a criminal element of fraud.
Delinquent delinquents are available to student loan borrowers
Student loan borrowers watch their credit scores charge when they are late in making payments. My colleague, Bailey Schultz, says economists may be bad news for borrowers and the economy as a whole.
In a recent report, the Federal Reserve Bank of New York found that student loan delinquency rates skyrocketed from under 1% in the fourth quarter of 2024 to nearly 8% in the first quarter of this year.
More than 2.2 million new arrears student loan borrowers have plummeted over 100 points.
What does this mean for borrowers?
Job Market Challenges
Speaking of these university graduates, tariffs and AI are changing the job market for new graduates. That’s not to say there’s no work. The U.S. Bureau of Labor Statistics said there were 7.2 million job openings in March.
Who is still hiring?
📰Consumer stories should not be overlooked
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Every day, Daily Money will provide you with the best consumer and financial news from USA Today, breaking complex events, providing you with the TLDR version, and explaining how everything from the Fed rate to bankruptcy will affect you.
