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Morning Wire

Social Credit Scores Revealed & Total Solar Eclipse | 4.6.24

Apr 6, 2024
14:32
Snipd AI
The podcast explores the rise of ESG scores for individuals, compares them to China's social credit system, and discusses how financial institutions evaluate customers. It also delves into an increase in violent random attacks in New York City, including assaults on celebrities and TikTok stars, and previews the upcoming total solar eclipse.
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Quick takeaways

  • Personal ESG scores influence financial decisions and even job opportunities.
  • Rising assaults in NYC show increased danger for women and men, emphasizing safety measures.

Deep dives

Financial Institutions Using Personal ESG Scores

Financial institutions have started assigning personal ESG scores to individuals and small businesses. Merrill Lynch, for example, rates customers based on which companies they invest in, awarding higher scores to those supporting preferred companies. These scores are not limited to high net-worth individuals, impacting a wide range of individual investment accounts, even those worth less than $1,000. Companies are also offering data analysis based on personal ESG scores, potentially influencing hiring, promotion, and lending decisions.

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