Tuesday, October 21, 2008

Reading your mail

The Planet Money podcast has a rather jarring segment in this week's episode, Was the Money Ever There?

Chana Joffe-Walt followed around a Seattle postal worker named Angela for her take on what people's mail says about their financial situation. While nothing has changed in terms of what information is available - it's a bit of a jolt to realize just how much a person can deduce from looking at sealed envelopes.
Let's see, medical coupon from the state... lots of bills"

[snip]

Andrea notices her unemployed mom with an affinity for black leather is getting another overdraft notice.

[snip]

"Collection notices on parking tickets, to overdue utility bills, to towing lots that have cars that people aren't coming to pick up."

Certified letters? a major negative indicator. Credit problems almost always lead to certifieds, and certifieds are almost always bad news mail.

Another measure? color. Normally utility bills, they're usually white. When you're a month late, the envelopes turn yellow. Way, way late - they all go red. Angela's been noticing a lot of red lately.
No secrets from the postal worker. Makes you wonder what kind of access law enforcement can have to your unopened mail.

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