Taxes are due in less than two weeks, and some of us have extra stress around that … because things are different this year. It’s the first time most people are feeling the 2017 tax overhaul, the biggest change in the tax code for three decades. It raised the standard deduction and gave most folks a small tax cut. Refunds are generally lower, which is technically good news, but might feel like bad news for people who rely on that spring windfall. Taxes are the beat for Marketplace reporter Marielle Segarra, and she gets us smart this week. (She still files her returns by snail mail!)
Here are links to the articles in Vox and The Guardian we talked about this week, and don’t forget you can watch this and other episodes of Make Me Smart on our YouTube channel.
Today’s show is sponsored by Panopto, Wasabi Hot Cloud Storage and Cort.

Why your tax refund might be lower this year

Each weekday, Marketplace’s Kai Ryssdal and Kimberly Adams make today make sense. Along with our supersmart listeners, we break down happenings in tech, the economy and culture. Every Tuesday we bring on a guest to dive deeper into one important topic. Because none of us is as smart as all of us.

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There’s been a lot of debate lately about the potential effects of smartphones and social media on young people’s mental health. Some states like states like Florida and Utah have even tried to ban kids from using social media apps until they reach a certain age. But Mikey Jensen, professor of clinical psychology and director of the Interactions and Relationships Lab at the University of North Carolina Greensboro, said outright bans could do more harm than good.
On the show today: How smartphones and social media are reshaping our lives. And why we should focus on the quality of kids’ online time instead of the amount of it. 
 
Then, we’ll get into the cost of a major ransomware attack for a health care company and its clients. And, the mini pencil economy and what a history professor got wrong about ancient Rome.
 
Here’s everything we talked about today:
 



“The great rewiring: is social media really behind an epidemic of teenage mental illness?” from Nature



 



“The Phone in the Room” from The New York Times



 



“I Asked 65 Teens How They Feel About Being Online” from The Cut



 



“What the evidence really says about social media’s impact on teens’ mental health” from Vox



 



“UnitedHealth to take up to $1.6 billion hit this year from Change hack” from Reuters



 



“Change Healthcare stolen patient data leaked by ransomware gang” from TechCrunch



 



“IMF Steps Up Its Warning to US Over Spending and Ballooning Debt” from Bloomberg




We want to hear your answer to the Make Me Smart question. You can reach us at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

What we often get wrong about teens and screen time


It’s Tax Day! Millions of Americans have already filed their 2023 returns, but today we’re talking about tax protesters and the moral and ethical reasons some refuse to file their taxes or pay what they owe. Plus, the “no landing” scenario has entered the chat. And, what are we getting wrong about the cosmos?
Here’s everything we talked about today:




“Taxes are due even if you object to government policies or doubt the validity of the 16th Amendment’s ratification” from The Conversation



 



“Taxes 2024: I stopped paying taxes a decade ago. The results shocked me.” from Slate



 



“‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthy” from Politico



 



“Fed Hiking Rates to 6.5% Is ‘Real Risk’ for UBS Strategists” from Bloomberg



 



“March retail sales data show the American consumer is still pretty strong” from Axios



 



“World’s top cosmologists convene to question conventional view of the universe” from The Guardian







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.

The rise of the (tax) resistance


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.


Why owning a car is getting so expensive


Today, we’re discussing the bond market’s big reaction to the latest inflation news and why you shouldn’t worry about it. Plus, a new Boeing whistleblower comes forward, and Beyoncé calls out the home insurance industry.
Here’s everything we talked about today:
 



“Bonds are talking to us after inflation gauge comes in above forecasts” from Marketplace



 



“US consumer prices heat up in March; seen delaying Fed rate cut” from Reuters



 



“$6.6 billion TSMC deal in Arizona the latest in the CHIPS Act’s rollout” from Marketplace



 



“TSMC: Biden to give Taiwanese company $6.6 billion to ramp up US chip production” from CNN



 



“Biden administration bets an old plant can make new chips” from Marketplace



 



“‘Benefit of the doubt running thin with Boeing’: Capt. Dennis Tajer on whistleblower claims” from CNBC



 



“Boeing whistleblower says the Dreamliner 787 could ‘break apart’ because of safety flaws, report says” from NBC



 



Beyoncé’s YA YA (Clean Version)



 



Video breaking down Beyoncé’s “YA YA” from Daryl Fairweather on X




 
Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 3:30 p.m. Eastern time. We’ll have news, drink, and play a round of Half Full/Half Empty.


Bonds, Boeing and Beyoncé

Inflation is coming in hot! Today’s consumer price index shows prices kept rising in March. Kai Ryssdal explains the one thing everybody should be doing right about now in addition to taking a deep breath! Plus, the rising cost of insurance — from homeowners coverage to life insurance — and what companies are doing to dump customers. Also, hear a whale talk to a scientist.

Here’s everything we talk about today:
 



“Hot Inflation Report Derails Case for Fed’s June Rate Cut” from The Wall Street Journal



 



“Insurers Are Spying on Your Home From the Sky” from The Wall Street Journal



 



“The Soaring Cost of Homeowners Insurance” from Comstock’s Magazine



 



“MassMutual is rolling out free genetic testing for members, a dicey area for life insurers” from STAT+



 



“The scientists learning to speak whale” from BBC



 



Solar Grazing Resources from the American Solar Grazing Association





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.

Why your tax refund might be lower this year

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