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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.

    • 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. (06/05/2009)

    • Mike and Kimberly Teel in their motorhome.

      Life goes on after foreclosure

      Stories of families in the throes of losing their homes are all over the news. But what happens to those families -- and the homes -- after the foreclosure is final? Krissy Clark visits a couple in Las Vegas to find out. (07/27/2009)

    • Bus on a tour of foreclosed homes.

      In Vegas, 'It just got worse and worse'

      Las Vegas had one of the nation's hottest economies when home prices were rising. Now, it's gone bust. Reporter Krissy Clark meets a former mortgage broker who's trying to make a life after living through the boom's rise and fall. (07/17/2009)

    • A boarded-up house

      More low-income people live in suburbs

      Poverty used to be a symptom of the inner cities, but today, more low-income people live in the suburbs. Jeff Tyler tells the story of an accountant with an MBA who survived suburban homelessness. (07/08/2009)

    • A clothing store in Harlem, New York

      Harlem wants residents to go shopping

      Harlem residents are used to leaving the community if they want to shop, but a "shop local" campaign is trying to bring revenue to the neighborhood's stores. Kate Ellis explores why the recently-thriving Harlem is struggling now. (06/22/2009)

    • Cotton stripping machine

      Deep South's farm-worker jobs vanish

      Agriculture workers are used to long hours for low pay, but cutbacks and layoffs are making it even harder to get work where jobs were already tough to find. Jeff Tyler talks to farm workers in Tchula, Miss. (06/17/2009)

    • A Tesla Roadster

      Why the rich matter

      Thanks to greedy bankers and cons like Bernard Madoff, the wealthy aren't so popular these days. But if you think the rich don't benefit the rest of us, think again. Jeff Tyler reports. (03/16/2009)

    • Anenometer on Cheyenne River reservation

      Lifting a tribe's fortunes with wind

      The Lakota Sioux tribe has been measuring wind for a decade, and is working out a way to use wind turbines to lift its fortunes. Laurie Stern profiles the reservation in this first installment of a two-part story. (03/10/2009)

    • Ashley Elk Nation and her 14-month-old son, Levi.

      Wind carries jobs for Lakota Sioux

      For 21-year-old single mother and Lakota Sioux Ashley Elk Nation, a South Dakota wind farm provides resources to help her prosper. Laurie Stern has the second installment of this story from a state tribal reservation. (03/11/2009)

    • Job seekers wait in line for a job fair

      Demand for jobless services rising

      The federal unemployment rate shot up to a 25-year high of 8.1 percent this year. With millions of people out of work, unemployment offices have been overwhelmed with people seeking benefits. Jeff Tyler reports on how the safety net is being stretched to its limit. (03/06/2009)

    • Woman interviewed at job fair

      Job seekers take 1 step forward, 2 back

      For some workers, the recession has brought their first reversal of fortune. But zigging in and out of jobs is becoming an all too familiar game of financial musical chairs for a lot of us. Jeff Tyler reports. (03/06/2009)

    • Supplemental Nutrition Assistance Program (SNAP)

      Shopping's not a snap with food stamps

      Food stamps help thousands of families in need. But to get the most of out of them you need some smart shopping strategies. Reporter Jeff Tyler follows one woman who's become very savvy at navigating the food benefit system. (07/31/2009)

    • Robert Reich

      What good does the Dow rising do?

      The Dow Industrials has made a run at hitting the 10,000 mark recently. Commentator Robert Reich says the rally isn't really helping working Americans. (09/23/2009)

    • Commentator Amelia Tyagi

      As jobs evolve, so should tax code

      The era of steady, lifelong 9-to-5 employment seems to be waning. These days more people work for themselves or telecommute for different firms. Commentator Amelia Tyagi says the tax code needs to adapt to a changing workforce. (08/03/2009)

    • Robert Reich

      No recovery with so many unemployed

      While some sectors of the economy are improving, the labor market is still hurting. Commentator Robert Reich says that's bad news for a real recovery. (09/09/2009)

    • Justin Wolfers

      Long-term jobless will still struggle

      The economy lost 247,000 jobs last month, and that's a substantial improvement over earlier this year. But before we declare the recession over, commentator Justin Wolfers warns not to overlook the problem of long-term unemployment. (08/11/2009)

    • Robert Reich

      A fair plan to make college affordable

      The average college graduate today leaves school $22,000 in debt, and has job choices limited to what pays the most. Commentator Robert Reich offers a new strategy to cover the cost of education without worrying about money. (05/22/2009)

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