{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Wealth Recap","title":"Why Many Borrowers Overpay on Their Mortgage, Where Inflation Actually Comes From and How We Measure It, What Leveraged ETFs Really Do, and Why Student Loans Are Following People Into Retirement","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/730195f3\"></iframe>","width":"100%","height":180,"duration":736,"description":"This is a holiday-shortened week, so ahead of Independence Day we take a slower look at four everyday financial systems most people deal with but rarely get explained.\nIn this episode:\n1. The hidden cost in how mortgages are priced — why identical borrowers get different rates, and why shopping around matters.\n2. Where inflation actually comes from, and how we measure it — the AI data-center build-out as a new source of price pressure, plus why the Fed watches PCE instead of CPI.\n3. What leveraged ETFs really do — how the daily reset works, why compounding can pull them away from the index over time, and why regulators say they generally are not built for buy-and-hold.\n4. Why student debt is following more Americans into retirement — how balances grow, how the Treasury Offset Program works, and what exits from default exist.\nSources (article, author, date, link):\n- Bankrate — \"87% of American Borrowers Are Overpaying for Their Mortgages, Costing Households $65B Annually\" (Matt Fellowes, June 26, 2026): https://www.businesswire.com/news/home/20260626506583/en/\n- Freddie Mac — Primary Mortgage Market Survey, 30-year fixed at 6.49% (June 25, 2026): https://www.freddiemac.com/pmms\n- The Wall Street Journal — \"The AI Data-Center Boom Is Sparking a Third Wave of Inflation\" (Justin Lahart, June 24, 2026): https://www.wsj.com/economy/the-data-center-boom-is-sparking-a-third-wave-of-inflation-926adc6e\n- U.S. Bureau of Economic Analysis — Personal Income and Outlays, May 2026; PCE price index +4.1% year over year, core +3.4% (released June 25, 2026): https://www.bea.gov/news/2026/personal-income-and-outlays-may-2026\n- MarketWatch — \"Investors piled into ETFs at a record pace in the first half of 2026\" (Christine Idzelis, June 30, 2026): https://www.marketwatch.com/story/investors-piled-into-etfs-at-a-record-pace-in-the-first-half-of-2026-heres-where-their-money-is-flowing-92a50cf5\n- U.S. Securities and Exchange Commission — Updated Investor Bulletin: Leveraged and Inverse...","thumbnail_url":"https://img.transistorcdn.com/ThiqWOkvAKuwT04liIdk7PRJTVJx2a6dnFZG6naTYzE/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xZTI3/MDhhYzJiYTdkZTFj/MjM3MTNlYWZmOWU4/ZGJkMi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}