Friday, June 5, 2009
In this show. . .

Recession spurs saving trend
Americans are saving an average of 5% of their incomes--up from zero a year ago--now that credit is tight and layoffs are looming. Joel Rose reports.

Straight Story
Tess Vigeland and economics editor Chris Farrell talk about whether or not the new savings trend will continue and how this recession is different from those in the past.

Scraping by while unemployed
The national unemployment rate has reached a depressing 9%, but states like Oregon and South Carolina have it even worse. We talk to unemployed workers from these states to see how they're making ends meet.

Job fairs: all work and no pay?
There may be job fairs popping up in every major city, but many are offering only internships or volunteer positions and few paid jobs. However, working for free now could put you ahead down the line. Lisa Napoli reports from UCLA.

Dave Ramsey on our love of debt
Being in debt used to be a social stigma, but now it seems to be the American way. Tess Vigeland talks to Dave Ramsey, author of "Total Money Makeover," about how America became a nation of borrowers in love with credit.

Getting Personal
Tess Vigeland and economics editor Chris Farrell answer listeners' pressing questions about debt settlement companies, the state of GM's pension funds, how closing a bank account affects FICO and much more.

Family takes frugality to the extreme
Many people living in comfortable surroundings are now embracing a frugal-chic attitude. Maine-based author W. Hodding Carter and his family are experimenting in being ultra-frugal for an entire year.

The new stocks on the Dow Jones block
General Motors and Citigroup were booted from the Dow Jones index this week. So what's it like for the new kids, Cisco Systems and Travelers? Our Marketplace Players imagine a possible classroom scenario.

Part-time is better than no-time
We've reported on the unemployment rate, but what about those who are underemployed? Many people are having difficulty finding jobs offered full-time. Ashley Milne-Tyte reports.

What's a recent college grad to do?
Graduating college is usually a celebratory experience. But saying goodbye to university and hello to real life can be a real burden during a recession. Vigeland talks to author Beth Kobliner about the advice she has for the class of 2009.
Money Question of the Week
How do you teach your kids about money?
sponsor
College Confessions
If you made money mistakes during your college career, you're not alone. Hear Marketplace staffers confess to how they handled their finances.
Music From This Show
- Podcast »
Listen to 'After the Bell'
In his weekly podcast, Scott Jagow makes sense of the week in business and the economy. Subscribe now.
- The Whiteboard »
Hostile takeovers
Watch the videoWe all know what a takeover is. That's when one company agrees to be bought by another. But what happens when companies don't agree and the takeover goes hostile? Senior Editor Paddy Hirsch explains. Watch the video.
- Special Reports and Series
Built on Belief »
One year after the fall of Lehman Brothers, Americans' have lost faith in the financial system and learned some hard lessons. Get more.
The Big Shift »
The recession has changed our financial lives. A look at wealth and prosperity in the middle class and how we live now. Get more.
The Borrowers »
How living beyond our means helped bring down the economy. The role of personal debt in the financial crisis, and where we go from here. Get more.
The Next American Dream »
How four pillars of the American Dream are changing. What's in your future?
Taking Stock »
Conversations with individuals who can give us the long view of our economic situation. Get their views.
- Getting Personal »

Q: A HELOC?
I recently paid off my mortgage ($55,000) and consulted with my local bank about how to best invest discretionary funds now that mortgage is paid. Bank's financial advisor, no fee, advised me to take out a HELOC, home equity line of credit for the maximum... I am 67... Pamela, Providence, RI Read Chris Farrell's answer »


