The Indicator from Planet Money - Questions From Kids

Stacey and Cardiff answer questions from kids...also, a few animal facts.

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so, if we periodically do shows about listener questions people send us questions and every once in a while we get a question from a kid and I want to say like I kind of always liked those questions the most let's do a whole episode devoted just to kids questions. I mean, it should be easy right by my name is Vikram. I'm 12 and I live in California. If so many people are losing jobs during cold in. Why is the stock market doing so well, right. There are millions of people out of work right now and the Dow Jones Industrial Average is near an all-time high crazy and to get to do the answer for Vikram. We hit up an old friend of the show. Josh Brown Josh is the CEO of ritholtz wealth management and is the co-editor of a new book how I invest my money.

Wise beyond your 12 years, here's what I would tell you. The stock market is not a great reflection of the actual economy. What the stock market does a really good job at is serving as a reflection of a group of very large corporations. And if that sounds very far away from real life if it is of the pandemic and all of the working from home and just staying at home that we've all been doing we have been using technology from some of these really huge companies like apple Amazon Microsoft and Google more than we use those companies have been doing really well and because those companies are so big whenever they do. Well they end up pulling up the whole stock market, even though for most companies the last eight months have been really really tough. But thanks again for that. Excellent question Vikram and our next question comes from Dylan in Washington State.

Do animal facts call boys. I mean, you don't hear a thing to get a card if it's economics economics fed policy Finance like all the time everyday people facts about animal facts what's wrong with us?

Hello. Hello ma'am. Is this dr. Madeline to fire Casey? I think we both know that it is that is why it is the host of a great podcast. NPR called shortwave. That's all about science. And Maddie has a PHD in microbiology make a animal facts for really tiny animals indicator has kind of an alligator's thing mascot that indicates an alligator fact for you. Did you know Stacey Vanek Smith that alligators have like 80 teeth in their mouth like roughly at any one time and they constantly grow new ones and replace them. So an alligator can go through like three thousand teeth in a lifetime OB like lose them when they bite people think you stop making these animals human murderers you don't

But yeah, they lose them. They have another tooth that's like ready to go there. Just dropping teeth dropping to youth rotten teeth. Could you imagine having that many teeth know it seems a little painful. I mean I had four wisdom teeth pulled and that almost hit me in so I am feeling a little bit for the alligators.

Lego Dylan cool animal fact from an actual doctor of microbiology a question about college and student loans right after a quick break.

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Our next question is from Sydney. It is about college stupid that we have to go to college.

The X $10,002 just to get a good enough job to pay off the college like why is that recycle There You Go by Passenger business analyst for CBS News in the author of the dumb things smart people do with their money college degree is worth it. There is no doubt a college degree pays dividends in the future in terms of your earnings and it's great. However, it doesn't mean that you should go into debt so that it's taking you decades to pay off that college students should borrow total for 4 years of college. The total amount should not exceed what you think you could earn in your first job out of school. So if you are going into some super duper engineering program at you're going to be a coder and life's going to be great and you're probably make them.

But if you're an art history major and your first job out of school, if you're lucky to get one is a minimum wage job as you are invasive docent somewhere a lot of money. Our next question is from 11 year old Ethan. I want to know why the government doesn't give an unlimited money to the people who need it. So I love this question Cardiff because it is at the heart of a big fight happening right now in Washington is that this is one of the main reasons the Congress cannot get another economic a bill passed. So here's what's going on as part of the cures act which was passed back in March people who are getting unemployment insurance benefits also got an extra $600 every week from the government for help. And that's $600 a week plus unemployment benefits. Millions of people back to the same amount of money. They were earning before they lost their jobs, but that program expired over the summer know some people in Congress say that we should keep paying that extra 6 on

Dollars a week others say we should pay less than that or no money at all though critics say if you keep paying people all this money, they will not go out and look for work. They won't have an incentive to go out to find a job that is really bad for businesses because then businesses cannot find workers to fill their jobs and there have been reports from around the country from businesses. Same day are having trouble finding workers right now and on the other side, you've got people saying that not giving people that extra $600 is bad for businesses because of people earning what they did before they lost their jobs. They will keep spending about the same amount of money on food and clothes and other things and when people don't have that money, they will cut back on their spending which hurts businesses and also not having that extra money coming enormous hardship for people without that money people are at risk of losing their homes and ending up in really difficult situations that could take them years to get out of and that is it. Thank you so much to all

Brilliant kids for their amazing questions up. If you have a question for us, whatever your age, please send it along to us and has a voice memo in Decatur at NPR. Org. Finally. We thought we'd leave you with one final animal fact from the doctor herself. Okay. So this one says I'm a little nervous about I don't know how your listeners are going to feel about this. Okay. It's so most if not all adults have microscopic mites that live on our skin. They just live like just sit there in your hair follicles there light sensitive. So they normally like stay in the follicle until night and then they like come out and party on your face. Do they eat you? Like what is it? They're not sure what they eat, but they could be eating oil from your skin. They could be eating the bacteria that live on your skin there. There is very little evidence that they are harmful at all. There's very little evidence.

Like party on your face at night microscopic. Disco dance party also pretty much.

Shortwave recently did a whole episode about these hard-partying might have a link to it on our website and money.

This episode of the indicator was produced by Jamila Huxtable back checked by Shantel. Ania. The indicator is edited by Patty Hearst and is a production of NPR.

On the next episode of louder than a riot the 20-year fight to clear the name of former No Limit rapper. Mac Phipps music is life healing locked to me. It itches hurts to louder than a riot the new podcast from NPR music.
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