How to beach on a budget

This episode of the Beige Awards, a segment of the Planet Money podcast, is a humorous awards show reviewing the Federal Reserve's Beige Book, a summary of economic conditions across the US. Hosts Adrian Ma and Robert Smith award the "Beige Book" to the Philadelphia Fed for their entry highlighting consumers' cost-cutting measures, such as extending time between haircuts and opting for budget-friendly vacation choices. When the Philadelphia Fed is unable to accept the award, the hosts playfully award it to a Benjamin Franklin impersonator, who discusses frugality and shares anecdotes about his own thrifty habits. The episode concludes with a field report from the Jersey Shore, illustrating the cost-saving strategies employed by beachgoers.