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The Friday Podcast: 4th Graders Read A Credit Card Agreement

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The Friday Podcast: 4th Graders Read A Credit Card Agreement

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The Friday Podcast: 4th Graders Read A Credit Card Agreement

The Friday Podcast: 4th Graders Read A Credit Card Agreement

  • Download
  • <iframe src="https://www.npr.org/player/embed/134664249/134670574" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Left to right: Credit-card agreement, Neo Johnson and Zjaeriq Sanders Jess Jiang/NPR hide caption

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Jess Jiang/NPR

On today's Planet Money, we read the thing you've never read: your credit card agreement. And we pose the question: Does it really have to be so long and complicated?

We talk to a lawyer who says yes, it really does have to be so long and complicated. We talk to a consultant whose job is to make it simpler. And we ask 4th graders to read a credit-card agreement and tell us what they think.

For more:

Read our post from this morning: "Why Are Credit Card Agreements So Long?"

And check out these two samples of bank privacy disclosures. Here's the complicated one. Here's the simplified one.

Download the podcast, or subscribe. Music: Two Door Cinema Club's "Undercover Martyn" and Willow Smith's "Whip My Hair." Find us: Twitter/ Facebook.