Marketplace Money for May 15, 2004

Episode Description 
Marketplace Money for May 15, 2004
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From the Money Matters Desk: A savings reports on kids and summer jobs

Pretzel maker, lab technician, and a paperboy are some of the first summer jobs held by Sound Money employees. Half of us found them on our own; the other half got help from mom and dad. If you think junior needs some assistance -- especially in this job market -- Janet Bodnar has some advice for you. She's executive editor of "Kiplinger's Personal Finance" magazine and the author of "Dollars & Sense for Kids."
Posted In: Jobs
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"F" is for financial literacy...

Raise your hand if you know the answer. Which of the following tends to have the highest growth over 18 years: A), a U.S. savings bond; B), stocks or C) a savings account? If you answered B for stocks, you're way ahead of most teenagers in this country. In a recent financial literacy survey of the nation's high school seniors, most of the kids chose a different answer. More than half flunked the test. Work and Family correspondent Sarah Gardner reports on finance lessons for students.
Posted In: Investing
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"Straight Story": Just say no to hedge funds

It's time once again for our economics editor Chris Farrell is to help you sort out what's smart, what's stupid and what's the "Straight Story." What was once off-limits to the average investor is now a possibility: Hedge Funds. Chris Farrell has some free advice: just say no.
Posted In: Investing
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"Day in the Work Life": Mailman

The U.S. Postal Service carries 46 percent of the world's mail volume. To keep this operation running smoothly, the Service employs 845,000 people. On this week's edition of "A Day In The Work Life" -- our weekly look at how people trade their time for money -- we hang out with a letter carrier in Portland, Oregon. Weather may not keep him from his appointed rounds, but man's best friend is another story.
Posted In: Jobs
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Secrets of six figure women

According to the Labor Department, women make about 78 cents for every dollar a man makes. However, there’s one area that women’s wages are growing faster than men’s: paychecks that run into six figures. That particular statistic comes from the book, "Secrets of Six Figure Women," by Barbara Stanny. She talked to more than a 150 women who earn more than $100,000 dollars to find out how they got there. And she’s sharing those secrets with Kai.
Posted In: Jobs
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"Buzzword": OPEC

Life is hard enough without having to decipher everything. Each week, Sound Money will bring you a word or a phrase that has bubbled to the top of the news. For instance --OPEC. You hear it, you see it, but do you really know it?
Posted In: Economy
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Mailbag for May 15, 2004

Chris Farrell answers more of your burning money questions. This week, he gives advice on selecting good retirement books, talking to your children about finance, and improving your asset allocation.
Posted In: Investing
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Coping without health care

The latest figures say that at least 44 million Americans don't have health insurance. Some experts believe that number could be higher. What are your options if you don't have health insurance? Is there a way to navigate the system? Ashley Milne-Tyte finds out.
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Understanding the market

Mercurial might be one way to describe the markets this week. Confusing might be another. Kai takes the market's pulse with Diane Swonk, the Chief Economist at Bank One Corporation.
Posted In: Economy, Investing

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