Marketplace Money for Friday, November 2, 2012

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Episode Description 
With Election Day fast approaching, we're looking at the financial issues that might impact who you're going to vote for -- from Social Security to retirement, Medicare to food stamps. Plus, in the aftermath of superstorm Sandy, we take a look at how disasters can pull communities together and offer some advice on how you can protect yourself from scams.

The shrinking middle class, the shrinking American Dream

Why are so many people in the middle class struggling right now? Author Hedrick Smith discusses the events that hurt the middle class and what can be done to help it.
Posted In: middle class, American dream

Defending yourself against fraud after a disaster

Disasters leave people vulnerable to more than just damage on their homes. After hurricanes and other crises, fraudsters hit the streets -- and the Internet -- to try to cheat people out of their money. How can you protect yourself?
Posted In: fraud, disaster, Hurricane Sandy

How the stigma of food stamps plays into the election

Politicians keep bringing up the food stamps program this election season -- how does that affect the people who actually use them?
Posted In: food stamps, Election 2012

Medicare's unexpected beneficiaries

The government medical program for the elderly means seniors and their families have more money to spend on other things.
Posted In: Medicare, elderly care

Retirement -- election no-show

Commentator Helaine Olen says neither President Obama nor Mitt Romeny acknowledge coming 'retirement crisis.'
Posted In: Retirement, Election 2012

Risky business: Tapping retirement funds for other uses

Increasingly, retirement funds are being used for anything but retirement. But there are huge risks involved with raiding your retirement to start a business or for private equity investments.
Posted In: Retirement, retirement spending, IRAs, 401(k)s

Social Security: It's too complicated

More than 20 percent of the U.S. national budget is spent on Social Security, so of course politicians like to promise to reform it. Commentator Chris Farrell says unfortunately both candidates' plans are way too complicated.
Posted In: Social Security, Election 2012

Redefining 'senior living' in Phoenix

More seniors in the Phoenix area are looking at spending their golden years in the city -- and developers are responding.
Posted In: Housing, senior citizens, arizona, Phoenix

Opinion: Why I'm voting for Barack Obama

Comedian Andy Kindler on why he's voting to reelect President Barack Obama.
Posted In: Election 2012, Mitt Romney, Barack Obama

Opinion: Why I'm voting for Mitt Romney

Comedy writer Brian Donovan on why he's voting for Mitt Romney.
Posted In: Election 2012, Barack Obama, Mitt Romney

How people behave after a crisis like Hurricane Sandy

Professor Dan Ariely discusses why there's an altruistic feeling following a crisis and what happens when everyone is going after a few limited resources.
Posted In: Hurricane Sandy, behavioral economics

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