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Friday, June 5, 2009

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In this show. . .

Saving in a piggy bank

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.

Economics editor Chris Farrell

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.

Sample of unemployed from Ore. and S.C.

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 seeker, employer shake hands at job fair

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

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

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.

The Carter family hard at work

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 Dow plunges

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.

Dee Kline and her husband Chris.

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.

Piggy bank in cap and gown

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.

Marketplace Money's Financial Futures Special Marketplace Money Live

Money Question of the Week

How do you teach your kids about money?

Debt of Service: Personal Finance in the Military

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

  • Lovers in Japan Coldplay Buy
  • Extra Krispy Mono Puff Buy
  • Happy Feet Billy Hayden and the Country Keys Buy
  • Stay Out Of Trouble Kings Of Convenience Buy
  • JJ Leaves LA Daniel Lanois Buy
  • You Can't Go Home Again DJ Shadow Buy
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

Hostile TakeoversWatch the video

We 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.

More Whiteboard Videos »

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.

More Stories & Special Reports »

Getting Personal »
Chris Farrell

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 »

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