Marketplace Money for Friday, March 2, 2012
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When a bank executive says customers with less than $100,000 in deposits are "unprofitable," what's your reaction? Apparently, we don't expect banks to love us anymore. We do expect our president and First Family to present a certain image -- but it comes at a price. Having kids is pretty costly, too. We have some advice for to-be parents. Plus, reporter Eve Troeh looks at the cost of luminescence. And the New York Times' Carl Richards discusses using art to offer financial advice.
Posted In: Obama, president, white house, pizza, frugal, expense, household, Kantor
The president lives in that big ol' D.C. mansion, where he's waited on hand and foot at the taxpayers' expense, right? Not exactly. Author Jodi Kantor says being president is plenty hard on the pocketbook.
Posted In: Health, healthcare, pain, treatment, legislation, hospital, Money
When you're in pain and in need of treatment, it's hard to pay really close attention to your health care choices. Commentator Renee Lux describes how treating her stiff neck led to a huge hike in her insurance costs.
Posted In: bank, deposits, too big to fail, consumer banking, retail banking, JPMorgan
A JPMorgan Chase executive said this week that clients who have less than $100,000 in deposits are unprofitable for the bank. New York bureau chief Heidi Moore discusses consumer reaction to that statement, and what it means for the bank.
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