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☆ These states are restoring free school meals for all kids, regardless of income
▼ + stars: | 2023-08-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Pandemic offered a 'trial run' for free meals"The pandemic was a trial run and it worked," Crystal FitzSimons, FRAC's director of school and out-of-school time programs, said of the universal free school meals. Inflationary pressures have since pushed up prices in many school districts, which have contended with higher costs for food and labor, said Diane Pratt-Heavner, a spokeswoman for the School Nutrition Association. Since local school districts set their own prices, they can "vary widely" across the country, the School Nutrition Association said. Loss of free meals may lead to hardshipIn 2021, the National School Lunch Program provided 2.2 billion meals, about 99% of which were at a free or reduced price, according to USDA data. Kids from "food-insecure and marginally food-secure" households are more likely to eat school meals, according to the USDA.

Persons: Crystal FitzSimons, FitzSimons, Diane Pratt, Saied Toossi Organizations: Agriculture Department, School Nutrition, School Nutrition Association, USDA, Sdi

☆ Job market is undergoing an 'immaculate cooling,' says economist — but there are pockets of heat
▼ + stars: | 2023-08-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

The job market is cooling. "That's a different response than might have been given in 2021 or 2022, when the market seemed to be hot all over the place," Zhao said. Americans, buoyed by their job prospects, also quit their jobs at a record pace, a trend that came to be known as the "great resignation." Wage growth surged at the fastest rate in decades amid stiff competition for labor; layoffs dropped to historic lows. Job openings fell slightly in June to about 9.6 million — still well above historical norms but down from the peak of more than 12 million in March 2022, according to the monthly Job Openings and Labor Turnover Survey issued Tuesday.

Persons: Daniel Zhao, Zhao Organizations: Finance, Big, Workers, Labor Locations: U.S

☆ A.I. is on a collision course with white-collar, high-paid jobs — and with unknown impact
▼ + stars: | 2023-07-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

And it has had various effects on the workplace, by displacing, changing, enhancing or creating jobs, experts said. "It is reaching up from the factory floors into the office spaces where white-collar, higher-paid workers tend to be." About 1 in 5 American workers have 'high exposure' to AIwatch nowwatch nowConversely, 23% of American workers have low exposure to AI, according to the Pew report. The remaining share of jobs — 58% — have varying AI exposure. It will also create new challenges and needs like retraining or reskilling; those may have knock-on effects, like child care needs for disadvantaged workers, Holzer said.

Persons: it's, Rakesh Kochhar, Kochhar, Harry Holzer, Holzer, Gene Kindberg, Hanlon, " Holzer, — Organizations: Pew Research Center, Department of Labor, Occupational Information, Georgetown University, federal Labor Department, Technology, World Bank, Pew Research, Business Locations: U.S

☆ What 'Shark Week' can teach investors about a money 'survival instinct'
▼ + stars: | 2023-07-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Aaronp/bauer-griffin | Gc Images | Getty ImagesIt's "Shark Week," the annual television-programming event on Discovery that stars the ocean's apex predators. Specifically, investors have a tendency to get swept away by the fear or euphoria of the recent past. This is called "recency bias," and it's often accompanied by financial loss. "People need to understand that recency bias is normal, and it's hard-wired," said Charlie Fitzgerald III, an Orlando, Florida-based certified financial planner. Investors are most vulnerable to recency bias, he said, when on the precipice of a major life change such as retirement, when market gyrations may seem especially scary.

Persons: bauer, Charlie Fitzgerald III, Steven Spielberg's, Omar Aguilar, Fitzgerald, I'm, Moisand Fitzgerald Tamayo, FOMO Here's, Aguilar, Christopher Polk Organizations: San Diego Convention Center, Aaronp, GameStop, Schwab Asset Management, Universal Studios Home Entertainment, Filmmagic, Getty, Finance Locations: Orlando , Florida

☆ You may be overlooking an important point about target date funds
▼ + stars: | 2023-07-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Meanwhile, the John Hancock Preservation Blend and American Funds Target Date Retirement 2055 funds had lower average allocations — 80% and 84%, respectively, Morningstar said. The idea that everyone in a five-year age cohort should have the same asset allocation, it's just not correct. David Blanchett managing director and head of retirement research at PGIMOf course, TDFs can vary in many ways aside from asset allocation. For example, some are known as "through" funds, which continue to get more conservative throughout retirement; others are "to" funds, whose stock-bond proportions stay steady in retirement. Why asset allocation is more important for retireesPaying attention to asset allocation is particularly important for investors in or near retirement, Pacholok said.

Persons: Lourdes Balduque, John Hancock, Morningstar, Rowe Price, that's, Megan Pacholok, David Blanchett, Pacholok Organizations: John, John Hancock Preservation, Morningstar, of America, Financial Industry Regulatory Authority Locations: BlackRock, TDFs

☆ Car repair costs are up almost 20% over the past year. Here are 6 reasons why
▼ + stars: | 2023-07-25 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Here's a look at six reasons why you're paying more for car repairs. More technology in carsJamie Grill | Getty ImagesCommon car repairs can run consumers $500 to $600 a visit and sometimes "much higher," according to AAA. More advanced — and more expensive — technology in vehicles is a big reason for higher repair costs, said Robert Sinclair, Jr., a spokesman for AAA Northeast. More auto wrecks mean greater demand for mechanics, serving to raise prices for car repairs, Sinclair said. Fewer auto repair techniciansMeanwhile, there's been a dearth of available mechanics to meet that greater demand, translating to higher labor costs, auto experts said.

Persons: Michael H, Grill, Robert Sinclair, Jr, Sinclair, Skyler Chadwick, Morgan, Chadwick, Peter Dazeley, there's, — Organizations: Getty, AAA, AAA Northeast, Finance, Cox Automotive, P Global Mobility, Bank, National, Traffic Safety Administration, TechForce Foundation, Auto, Cox

☆ Biden administration erases $130 million in student loans for 7,400 borrowers
▼ + stars: | 2023-07-25 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

The White House on Tuesday forgave $130 million in student debt for 7,400 borrowers who attended CollegeAmerica, a now-defunct institution in Colorado that officials said misled borrowers about their loans and career prospects. He had petitioned the Biden administration last year to erase CollegeAmerica student debt. More from Personal Finance:Is Biden's $39 billion student loan forgiveness action legal? When student debt payments restart, your loan type will make a big differenceCan employers be a firewall for student loan borrowers? The White House has approved $14.7 billion in debt relief for 1.1 million student loan borrowers "whose colleges took advantage of them or closed abruptly," like those at CollegeAmerica, Biden said.

Persons: CollegeAmerica, Joe Biden, Phil Weiser, Biden, Weiser Organizations: Finance, U.S . Department of Education, Center, Excellence, Higher, Corinthian Colleges, DeVry University Locations: Colorado, CollegeAmerica

☆ A controversial hack to save on plane tickets carries a 'super big risk,' says travel expert
▼ + stars: | 2023-07-22 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Baona | E+ | Getty ImagesThe carrier, American Airlines, reportedly discovered the traveler's intent and canceled their ticket. When booking a flight, travelers agree to airlines' contracts, or conditions of carriage. They may have been able to sell an empty seat to another passenger, or perhaps sell a more expensive nonstop ticket to the skiplagging passenger, for example. Additionally, when travelers deviate from what's expected it messes with airlines' internal planning, flight scheduling and data science, for example, Slotnick said. Thousands of people book Skiplagging or hidden city tickets every day and we generally hear of no issues from any of them," Gellert said.

Persons: Natnan, Skiplagged.com, Baona, Slotnick, David Slotnick, Guy More, Orbitz, They're, Dan Gellert, Skipplagged.com, Gellert Organizations: American Airlines, Skiplagged.com's, Airlines Locations: Gainesville , Florida, New York, Charlotte , North Carolina, Charlotte

☆ Here's how making poor investment choices is like watching classic thriller 'Jaws'
▼ + stars: | 2023-07-21 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Investors can get swept away by the fear or euphoria of the recent past — and it often costs them financially. "Recency bias" is the tendency to put too much emphasis on recent events, like a stock-market rout or the meteoric rise of bitcoin or a meme stock like GameStop, for example. Investor choices are guided by these short-term events — which may be counter to their best interests, as is often the case when selling stocks in a panic. "Would you want to go for a long ocean swim after watching 'Jaws'? Probably not, even though the actual risk of being attacked by a shark is infinitesimally small," wrote Omar Aguilar, CEO and chief investment officer at Schwab Asset Management.

Persons: Steven Spielberg's, Omar Aguilar Organizations: GameStop, Finance, Schwab Asset Management

☆ Why are frozen vegetable prices so high? Blame war, fewer immigrants and California weather, say economists
▼ + stars: | 2023-07-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

"Some areas were just inundated," which had the effect of decreasing vegetable supply, Tronstad said. Overall, the state accounts for nearly half of U.S. vegetable production, according to California Polytechnic State University. George Rose/Getty ImagesBut weather — and its negative impact on crop supply — isn't the only contributor to higher prices for frozen vegetables. The higher prices give farmers a "strong incentive" to plant these commodity products over others (like vegetables), a dynamic that could decrease vegetable supply, Bodor said. Labor supply pressured by reduced Mexican migrationLong-term immigration trends are also serving to put upward pressure on labor costs for farmers, economists said.

Persons: Tayfun, Tronstad, Pam Knox, George Rose, Alison Bodor, Bodor, Trey Malone, Zach Rutledge, Rutledge, Russell Tronstad Organizations: Anadolu Agency, Getty, State, Central Valley . Citizen, Getty Images, California Department of Food, Agriculture, California Polytechnic State University, University of Georgia, Food, Growers, University of Arkansas, Labor, Michigan State University, University of Arizona U.S, Agricultural Workers Survey, University of California Locations: Lompoc , California, Sierra Nevada, Central Valley ., Getty Images California, brussels, U.S, Ukraine, Sacramento, San Joaquin Rivers, Rio Vista , California, Mexico, Davis

☆ When student debt payments restart, your loan type will make a big difference
▼ + stars: | 2023-07-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Damircudic | E+ | Getty ImagesThe looming end of a pandemic-era pause to student loan payments and interest puts a spotlight on a big difference between two types of debt: subsidized and unsubsidized loans. How interest accrues on subsidized, unsubsidized loansDirect Subsidized Loans are available to undergraduate students who demonstrate a financial need. About 30.7 million people have an unsubsidized loan, with an average balance of about $19,000, according to the Education Department. (The term Stafford Loan is an informal way of referring to Direct Subsidized Loans and Direct Unsubsidized Loans made via the Direct Loan Program. It also refers to subsidized or unsubsidized Federal Stafford Loans made via the Federal Family Education Loan, or FFEL, program.)

Persons: — Organizations: Stafford Loans, U.S . Department of Education, Department, Education Department, Program, Federal Stafford Loans, Federal Family Education Locations: Stafford

☆ Is Biden's $39 billion student loan forgiveness action legal? 'Be assured it's going to stay,' says expert
▼ + stars: | 2023-07-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Demetrius Freeman/The Washington Post via Getty ImagesHow are the two loan forgiveness actions different? There are four of these plans, which aim to make loan payments more affordable for lower earners. That law gave the president power to revise student loan programs during national emergencies. The Trump administration had leveraged the Heroes Act to implement a student loan payment pause at the onset of the Covid-19 pandemic. However, Congress has already authorized loan forgiveness relative to income-driven repayment plans, dating to when it created them in the 1990s.

Persons: Joe Biden, Education Miguel Cardona, Demetrius Freeman, —, Biden, hasn't, Virginia Foxx, Abby Shafroth, who've, Trump, Shafroth, Kantrowitz Organizations: U.S, Education, Washington, Getty, White, U.S . Department of Education, Department of Education, National Consumer Law Center, National Consumer Law, of Education

☆ As student loan payments restart, can employers be a firewall for borrowers? Some groups hope so
▼ + stars: | 2023-07-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Kate_sept2004 | E+ | Getty Images17% of employers offer some kind of student loan aidFew employers offer student loan benefits, which can take many forms. Seventeen percent offer some type of student loan assistance, according to a 2021 survey by the Employee Benefit Research Institute. The most popular workplace programs don't offer direct relief for student loan payments. The expanded tax break for student loan payments is temporary, however. Starting in 2024, employers will also be allowed to pay a 401(k) match to borrowers making student loan payments, a provision enacted by a 2022 law known as Secure 2.0.

Persons: Will Hansen, We're, Derrick Johnson, Johnson, Luis Alvarez, SHRM, We've, Randi Weingarten, " Hansen Organizations: Research, of America, NAACP, Digitalvision, Getty, American Federation of Teachers Locations: Albuquerque , New Mexico, Washington, Orange County , Florida

☆ How you can save $500 or more on a flight to Europe this year
▼ + stars: | 2023-07-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Airfare to Europe hit an all-time high this summer. But those dissuaded by the sticker shock can still travel overseas in coming months and cut costs by perhaps hundreds of dollars a ticket. Flying to Europe from the U.S. during the fall "shoulder season" — in September and October — instead of in the summer will save the average traveler $500 per round-trip ticket, according to data from Hopper, a travel app. Europe is the most popular overseas destination for U.S. tourists this summer. But travelers to top European cities would save 34%, on average, by going in the fall instead of June, July or August, Hopper found.

Persons: —, Hopper, Hayley Berg, Hopper's Organizations: —, Finance Locations: Europe, U.S, Rome, London, Barcelona

☆ Here's the inflation breakdown for June, in one chart
▼ + stars: | 2023-07-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

The CPI is a key barometer of inflation, measuring prices of anything from fruits and vegetables to haircuts and concert tickets. Hourly earnings increased 0.2%, on average, from May to June after accounting for inflation, according to BLS data. 'Encouraging' inflation signals moving forwardThe inflation slowdown has been broad-based, Zandi said. watch nowGrocery price inflation is also down significantly from its peak around 14% last summer, which had been the highest rate since 1979. Economists say it's a near certainty that housing prices will continue to fall through the second half of the year.

Persons: Michael M, Mark Zandi, Zandi, we're, Mark Hamrick, Andrew Hunter, Ben Bernanke, Olivier Blanchard, Stephanie Roth, Roth Organizations: Lincoln Market, Santiago, Getty, U.S . Bureau of Labor Statistics, Moody's, BLS, Capital Economics, Finance, U.S . Federal Reserve, Peterson Institute for International Economics, Morgan Private Bank Locations: Brooklyn , New York, U.S, Ukraine

☆ Longtime Aretha Franklin estate battle shows the importance of having a proper will
▼ + stars: | 2023-07-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Instead, she jotted down her wishes on two handwritten wills — one dated in 2010 and another in 2014. The legal dispute over the estate was between her sons, who disagreed over which handwritten will should govern their mother's estate. One son, Ted White II, thought the 2010 will should control the estate, while two other sons, Kecalf Franklin and Edward Franklin, favored the 2014 document, according to the Associated Press. That may also happen if a decedent owns property in "joint tenancy," whereby two or more people own the property together, Douglas said. This legal arrangement dictates that the surviving spouse inherits the account, taking precedence over the language in a will, Douglas said.

Persons: Aretha Franklin, Dimitrios Kambouris, Aretha Franklin's, Franklin didn't, Franklin, Ted White II, Kecalf Franklin, Edward Franklin, Richard Behrendt, —, Charlie Douglas, Douglas, Behrendt Organizations: Getty, Associated Press, HH, Investments Locations: New York City, Franklin's Detroit, Bloomfield Hills, Michigan, Atlanta

☆ Bearer of rare 'One Ring' card from 'Lord of the Rings' lore could fetch $2 million and face hefty tax bill
▼ + stars: | 2023-07-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

And the ring bearer — if they choose to sell the "precious" — may owe a hefty tax bill on the profits. Marta Iwanek | Toronto Star | Getty ImagesThe Canadian who acquired The One Ring card would most likely pay tax on half their profits. If The One Ring card were sold for 2 million euros — which appears to be the current top bid — then 1 million euros (about CA$1.46 million) would be taxable. Total Canadian tax bill is 'subjective'But what's Canada's tax rate on the profits? (In reality, the effective tax rate would be slightly lower since Canada's income tax system is progressive, as in the U.S., experts said.

Persons: Elijah Wood, Frodo, Misty, Sauron, Mount Doom, —, Roger Perzan, Marta Iwanek, Plaskett, Howard Gleckman, it's, Scott Plaskett, John Oakey, Oakey, Sir Ian McKellen, Gandalf Organizations: Coast LLC, Canadian, Toronto Star, Getty, Urban, Brookings Tax Policy Center, Total Canadian, Chartered Professional Accountants Canada, Canada Revenue Agency Locations: Rivendell, Toronto, Canada, U.S, Ontario, Scott Plaskett Toronto

☆ The job market is still favorable for workers. ‘You’re in a lucky position,’ economist says
▼ + stars: | 2023-07-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

The U.S. job market is gradually cooling but remains hot despite a year-long government campaign to reign it in, amounting to a favorable environment for many jobseekers, economists said. "You're in a lucky position," she added, referring to employees. Since most workers quit for new employment, the uptick suggests a rebound in workers' confidence they can find a new job, economists said. While job openings — a barometer of business' demand for workers — fell by about 500,000 in May, they remain well above their pre-pandemic level. In all, job openings and monthly quits are respectively 40% and 15% higher than they were before the Covid-19 pandemic, while monthly layoffs are 21% lower, pointing to a "robust and resilient labor market," Pollak said.

Persons: Julia Pollak, —, Pollak Organizations: Federal, Finance, Companies, Labor, U.S . Bureau of Labor Statistics

☆ FTC warns about student loan scams following Supreme Court decision
▼ + stars: | 2023-07-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Scammers are likely to target student loan borrowers after the Supreme Court struck down the Biden administration's debt forgiveness plan Friday and as loan repayments are poised to restart in the fall, according to the Federal Trade Commission. Scammers often "take advantage of confusion around big news like this," the FTC said in a consumer alert issued Saturday. More from Personal Finance:Biden administration gives student loan holders payment leewaySteps student borrowers should take after Supreme Court rulingWhat Supreme Court student loan ruling could mean for economyThe Biden administration forgiveness plan would have erased up to $20,000 of federal student loans for tens of millions of borrowers. Now, they and other borrowers must brace for monthly loan payments to restart in October, after more than three years of an interest-free pause. President Joe Biden said Friday after the Supreme Court's ruling that his administration would pursue another way to deliver debt forgiveness.

Persons: Biden, Joe Biden Organizations: Biden, Federal Trade Commission, Finance

☆ Fireworks cause $59 million of property damage a year. Your insurance policy may cover it
▼ + stars: | 2023-07-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Renphoto | E+ | Getty ImagesWhat homeowners and renters insurance likely coverThe typical homeowners insurance policy has two coverage areas. The second is for liability; this covers you if you're liable for injury or property damage to another person, perhaps a friend or neighbor harmed by an errant firework. Fireworks caused $59 million in direct property damage in 2021, according to the most recent data from the National Fire Protection Association. Homeowners policies generally cover fire damage, whether to the house, patio furniture or other property, Passmore said. Insurance policies generally carry exclusions.

Persons: Robert Passmore, Passmore, they're, Kochenburger, Peter Kochenburger Organizations: National Fire Protection Association, American, Casualty Insurance Association, NFPA, University of Connecticut Locations: U.S

☆ Canceled, delayed flights are likely over July 4 holiday weekend. What to know about your rights
▼ + stars: | 2023-06-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Over 2.8 million travelers are expected to pass through airport security checkpoints on Friday — a single-day record, according to the Transportation Security Administration. This comes as severe storms and staffing shortages have already derailed thousands of flights this week. Federal law doesn't require airlines to pay compensation to passengers for delays, Palmer said. The U.S. Department of Transportation's Airline Customer Service Dashboard outlines passenger rights for specific airlines. Even if a delay isn't their fault, many airlines will transfer your ticket to another airline's flight with available seats at no additional cost — if you ask, according to the U.S. PIRG Education Fund.

Persons: Andrew Bret Wallis, Pete Buttigieg, Kimberly Palmer, Palmer, Murray Organizations: DigitalVision, Transportation Security Administration, TSA, U.S, U.S . Department of Transportation's, PIRG

☆ What Supreme Court ruling against Biden's student loan forgiveness plan could mean for the U.S. economy
▼ + stars: | 2023-06-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Seksan Mongkhonkhamsao | Moment | Getty ImagesThe Supreme Court struck down the Biden administration's student loan forgiveness plan Friday. "The Supreme Court decision to strike down loan forgiveness should have no meaningful impact on the economy," said Mark Zandi, chief economist of Moody's Analytics. The fight against inflation gets a boostIt's challenging to judge the economic effect of a sweeping policy such as student loan forgiveness. However, the resumption of monthly student loan payments in October, after a three-year pause, will likely have a bigger effect. That said, there are student loan policies that have already been enacted by the Biden administration that will likely help borrowers affected by Friday's Supreme Court ruling, economists said.

Persons: Seksan, —, Mark Zandi, Shai Akabas, Zandi, Tim Quinlan, Quinlan, Biden Organizations: Biden, Moody's, Finance, Supreme, Reserve, Center, Wells, Wells Fargo Economics, Friday's Locations: U.S, Wells Fargo

☆ 3 reasons it can be smarter to rent, even if you can afford to buy
▼ + stars: | 2023-06-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

"If you can't commit to being there [at least] three years, don't buy," said Elliott. Benefits of ownership are 'vastly overstated'Richard Newstead | Moment | Getty ImagesThe financial benefits of homeownership are "vastly overstated," Boudreaux said. For one, a financial assessment of affordability is incomplete if consumers only compare monthly rent and mortgage costs. Secondly, a tax deduction for mortgage interest isn't as valuable as it once was, Boudreaux added. Jude Boudreaux senior financial planner with The Planning CenterIn a general sense, it's also more difficult to get the financial benefits of a tax deduction.

Persons: Kamila Elliott, Elliott, Boudreaux, Guido Mieth, There's, landscapers, Richard Newstead, Trump, Jude Boudreaux, it's, Laurie Goodman, Christopher Mayer Organizations: Wealth Partners, Urban Institute, Columbia University . Home Locations: Atlanta

☆ Term life insurance is often best, financial advisors say — but most people buy another kind
▼ + stars: | 2023-06-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Supersizer | E+ | Getty ImagesHow term and permanent life insurance differLife insurance is a form of financial protection that pays money to beneficiaries, such as kids or a spouse, if a policyholder dies. Term insurance only pays out a death benefit during a specified term, perhaps 10, 20 or 30 years. By contrast, permanent insurance policies — such as whole life and universal life — offer continuous coverage until the policyholder dies. Most people just need term insurance. Carolyn McClanahan founder of Life Planning PartnersSome shoppers buy permanent life insurance for the cash value, thinking they can borrow against that cash value or use it as a retirement savings account.

Persons: They're, Marguerita Cheng, McClanahan, Carolyn McClanahan Organizations: Planning Locations: Gaithersburg , Maryland

☆ Publishers Clearing House to refund customers $18.5 million in FTC settlement for 'deceptive' practices
▼ + stars: | 2023-06-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

The Publishers Clearing House offices in Jericho, New York on Jan. 30, 2019. Bill Perlman/Newsday RM via Getty Images)How 'dark patterns' can trap consumersSara Adair shows off the oversized check for $1 million her husband Mark received from the Publishers Clearing House Prize Patrol in South Boston, Massachusetts, on April 1, 2022. Dark patterns are a "manipulative" and unlawful design trick, examples of which include pre-checked boxes, hard to find and read disclosures, and confusing cancellation policies, the FTC said. When it included disclaimers or clarifying information, the text was in small, light font and overlooked by consumers, the FTC claimed. In addition to sweepstakes, PCH also sells merchandise and magazines.

Persons: Bill Perlman, Sara Adair, Mark, Craig F, Walker, Samuel Levine, PCH Organizations: Clearing, Newsday, Getty, Publishers, Boston Globe, FTC, Amazon, Consumer, Firms Locations: Jericho , New York, South Boston , Massachusetts, FTC's

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