Of Interest
you are currently viewing:ICYMI: Report Shows 'Annoyance Economy' Rips Off Consumers for $165 Billion AnnuallyMarch 4, 2026--Spam and robocalls cost Americans over $32 billion annually, junk fees cost consumers $90 billion annually, and health care headaches cost $41 billion.
Groundwork Policy Fellow Chad Maisel and Stanford economist Neale Mahoney find that tactics such as obstructing cancellations can raise corporate profits by up to 200%. The annoyances are increasingly inescapable: Americans receive more than 130 million scam and illegal marketing calls each day, and over 20 billion spam texts each month. By draining money, time, and energy, the Annoyance Economy amplifies the cost of daily life and hits families hardest who are already stretched thin. As Americans face an affordability crisis, the Trump administration has let the "Annoyance Economy" flourish scrapping airline refund rules, repealing CFPB overdraft protections, and cutting enforcement against scams and abusive practices. Source: groundworkcollaborative.org |
International Standards Proliferate, Reshaping Global Economy: Too Many Developing Countries Are Left Behind, Report Finds
December 11, 2025--A proliferating set of international standards-covering everything from food labeling to the specifications of 5G cellular networks-s steadily reshaping the global economic order, delivering hefty benefits to the wealthy nations and large multinational companies that set them while leaving many developing countries on the sidelines, according to a new World Bank report.
