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  • Middlegarchs are the new Oligarchs
    2026/09/25
    Wanna know who is really in the top 1%? And how they use their influence? It may not be who you think.

    Look beyond Silicon Valley. Look beyond Wall Street. Look beyond the “oligarchs”. There's a much larger class of wealthy Americans hiding in plain sight. And, often, they got rich in mundane ways. They own car dealerships. They sell hot dogs and frozen mini-quiches. They run waxing salons. They supply fabricated metal and urinal cakes. They are dentists.

    Collectively, these "Main Street millionaires" control much more wealth than the billionaire lightning rods who launch rockets into space, appear on manosphere podcasts, and have Hollywood movies made about them. Many of these millionaires have also grown rich enough to afford superyachts, 10,000-square-foot homes, and pet tigers.

    At the center of their story is a quiet revolution in the American economy: the rise of a particular kind of private business. On today’s show, how did the power of the “stealthy wealthy” millionaires come to rival that of the billionaire oligarchs? And, how are they shaping policies that lower their taxes and raise your prices?

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    This episode was hosted by Greg Rosalsky and Sarah Gonzalez. It was produced by Emma Peaslee. It was edited by Marianne McCune with fact checking help from Sierra Juarez. It was engineered by Kwesi Lee. Alex Goldmark is Planet Money’s executive producer.

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    31 分
  • Is our national debt finally too much? (update)
    2026/09/23
    (Note: A version of this episode originally ran in 2024.)

    $40,000,000,000,000. Four commas. Thirteen zeroes. It’s an eye-popping, almost infinite-sounding pile of money. And every time the debt passes a big round number, almost everyone asks the same question: How much debt is too much?

    It’s maybe the most important question in macroeconomics. It’s also surprisingly hard to answer. When two economists tried to answer it back in 2010, it ignited a research slugfest that lasted a decade.

    We did a show on this question in 2024, outlining everything we know and don’t know about when the national debt becomes a problem. But a lot has changed. Interest rates have risen and stayed high. Spending has steamrolled ahead. Doves have become hawks.

    So on today’s show, we update our 2024 episode to revisit the age-old question: Is our debt finally too much?


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    Our original episode was produced by Willa Rubin and edited by Molly Messick. This update was reported and produced by Vito Emanuel. It was fact checked by Sierra Juarez. It was engineered by Kwesi Lee. And it was edited by Alex Goldmark, Planet Money’s executive producer.


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    30 分
  • Who’s gonna pay for your Social Security?
    2026/09/30
    Very soon, Social Security may not have enough money to make full payments to retirees. Very soon. Like by 2032, just six years from now. So what are we gonna do about it?

    Today on the show, we look at some of the most talked about possible solutions; and exactly whose wallets we’ll have to rifle through to find the money to pay for each. Then we’ll run the options by the Social Security Administration's former Chief Actuary. The guy Congress used to call to crunch numbers and give them the bottom line.

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    This episode of Planet Money was hosted by Erika Beras and Jeff Guo, it was produced by James Sneed, and edited by Marianne McCune. Sierra Juarez is our fact-checker, and Annlie Huang & Robert Rodriguez engineered the show. Alex Goldmark is the executive producer of Planet Money.

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    29 分
  • Where all those weird new drinks are coming from
    2026/10/02
    It's getting pretty wild in the beverage aisle these days — from the rainbow wall of seltzers, to the increasingly strange flavors of Pepsi, to the new "functional" sodas with added fiber or supplements that supposedly offer health benefits. Where are all these new drinks coming from? And why does it seem like the options are multiplying faster than ever?

    Today on the show, we go behind the scenes at one of the nation’s top-secret beverage laboratories. The food scientists in this lab have quietly helped companies design many of the new drinks on the shelves these days. We taste things we have never tasted before, including a sports hydration … broth? We learn what a strawberry has in common with a block of cheese. And we discover why the business of beverages will never be the same again.

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    This episode of Planet Money was hosted by Jeff Guo. It was produced by James Sneed and Sam Yellowhorse Kesler, and edited by Jess Jiang. Vito Emanuel is our fact-checker, and Kwesi Lee engineered the show. Alex Goldmark is the executive producer of Planet Money.

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    30 分
  • Charles Ponzi's scheme (plus a new scam)
    2026/10/07
    Charles Ponzi was down on his luck. In 1919, the Italian immigrant had spent a decade and a half in the U.S. He was looking for a way to get rich and tried his hand at everything — including bookkeeping, sign painting, grocery clerk, dishwasher, and librarian.

    He caught a lucky break in August, when he received a letter from Europe. In the envelope was an International Reply Coupon, a clever way to prepay for international postage. Ponzi realized he might be able to use these coupons to make his fortune. All he needed was investors.

    What happened next made him a household name. This is the story of the man behind the eponymous Ponzi scheme — a tale of financial fraud that lives up to its linguistic legacy.

    (Note: The original version of this episode ran in 2023.)

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    This episode was produced by James Sneed. It was fact checked by Sierra Juarez, mastered by Natasha Branch, and edited by Jess Jiang. It's based on the book Ponzi's Scheme, by Mitchell Zuckoff.

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    26 分
  • Should we all be getting tariff refunds right now?
    2026/10/09
    Companies are getting billions of dollars back. How about us?

    It seems simple, right? We paid higher prices for imported goods because of tariffs. Then the tariffs were ruled illegal. Courts said the money paid to the U.S. government had to be refunded. Companies are getting that money now.

    It would seem like we, the customers, should get paid back, too. But … it’s not so simple.

    Once again, we’re dipping back into the drama of import tax law. We’re engrossed in the ups, downs, betrayal, and romance of … the Days of our Tariffs.

    In this edition: “Refunds and Regrets.”

    How and why some companies and people are getting their IEEPA tariff refunds and other people are out of luck.

    Live Show:
    - Planet Money Live at Kilkenomics. Kilkenny, Ireland Nov. 6th - 7th

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    This episode was hosted by Kenny Malone. It was produced by Sam Yellowhorse Kesler and James Sneed. It was edited by our executive producer Alex Goldmark. It was fact-checked by Sierra Juarez and Sam Yellowhorse Kesler. It was engineered by Jimmy Keeley and Cena Loffredo. Special thanks this week to everyone who wrote in with a tale of tariff drama.

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    30 分
  • Anatomy of a movie market
    2026/10/16
    Before an independent movie makes it to a streaming platform or a theater near you, it first needs to survive an artistic and economic gauntlet. And even for those movies that make it into elite film festivals like Sundance – it can take everything from performance stunts to corporate spycraft to seal the deal. Today on the show, we follow the ‘King of Sundance’ as he and his team try to sell their slate of movies to distributors like Netflix and Sony and Apple. We hear the behind the scenes stories about how films like Little Miss Sunshine, Napoleon Dynamite and Precious got sold. And we learn the strategies that might make the difference in whether or not a film makes it onto screens around the world.

    For more episodes about the entertainment industry:

    "Based on a true story"
    On the Oscars campaign trail
    Why platforms like HBO Max are removing streaming TV shows
    The summer I turned binge-y
    The Writers Revolt (UPDATE)

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    Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include bonus episodes and sponsor-free listening. Learn more at plus.npr.org.

    This episode of Planet Money was produced by Emma Peaslee. It was edited by Jess Jiang. It was fact checked by Sierra Juarez and engineered by Annlie Huang. Alex Goldmark is Planet Money’s executive producer.

    Music: NPR Source Audio - "Lone Star Desert Surfer," "The Westerners," and "Tucson Arizona"

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    32 分