Personal Finance

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Why you shouldn't set up a budget

Jan 7, 2011
The New York Times' Tara Siegel Bernard talks with Tess Vigeland about a recent article she wrote, which explains why a budget is like a diet -- ineffective. She discusses why you shouldn't set up a budget and offers some advice.
Posted In: Personal Finance

Why bankruptcy claims aren't as high as one would think

Jan 4, 2011
More than a million and a half people filed for bankruptcy last year, up 9 percent from last year. But that's still not as many filings as there were in 2003 or 2005. With high unemployment and mortgage problems, how is this possible? Stacey Vanek Smith reports.
Posted In: Personal Finance

How consumerism has gone through "spend shift"

Jan 1, 2011
In the wake of the Great Recession, the American consumer has learned to be more price-conscious and selective about purchases. Co-author John Gerzema explains his theory of a "spend shift."
Posted In: Personal Finance

Question: How has people's wealth changed?

Dec 25, 2010
With the fall of the stock market and the Great Recession, everyone from the very wealthy to the not-wealthy felt losses. How much were people really affected? Ted Klontz and Robert Frank discuss with Tess Vigeland.
Posted In: Personal Finance

How perception affects our sense of wealth, and taxes

Dec 25, 2010
How we each individually live our lives often depends on how we see our peers live their lives. For people making $250,000 a year, or the top 2 percent income in the country, that means probably surrounding themselves with even richer people. And that's why there was a debate over taxes, says the New Yorker's James Surowiecki.
Posted In: Personal Finance, Taxes

Question: What makes us feel wealthy?

Dec 25, 2010
In a second question posed to financial psychologist Ted Klontz and the Wall Street Journal's Robert Frank, Tess Vigeland asks what it is that makes people feel wealthy. It turns out, the fact that many don't believe they're rich may be the problem.
Posted In: Personal Finance

Burdens of wealth

Dec 24, 2010
With money comes a lot of responsibility, and that's what many have learned the hard way. Depending on how you got rich also seems to play a role in how you handle it. Mitchell Hartman reports.
Posted In: Personal Finance

Question: Is $250,000 rich?

Dec 24, 2010
The number of $250,000 a year has been thrown around by politicians as being "wealthy" and "rich." But is it really? Tess Vigeland talks to financial psychologist Ted Klontz and the Wall Street Journal's Robert Frank about wealth in America.
Posted In: Personal Finance

For search engines, there's nothing new about a New Year

Dec 23, 2010
Many of us will greet the New Year with champagne and a new set of resolutions for 2011. Some resolutions are specific to the times: get out of...
Posted In: fitness, Health, not news, Personal Finance, resolution

When your life mirrors a reality show about debt

Dec 11, 2010
Your work becomes a big part of your life, to say the least. But what happens when your life starts reflecting your work -- and your work is on a reality show about people who have accumulated too much debt? Sean Cole goes behind the scenes.
Posted In: Credit Cards, Personal Finance

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