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Mar 2, 2012

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 --…

Segments From this episode

New light bulb lexicon

Mar 1, 2012
New government guidelines are taking incandescent bulbs off the market, leaving us with compact fluorescents and LEDs. But now there's a new language for bulb shoppers to learn.

The cost of living... in the White House

Mar 2, 2012
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.
President Barack Obama and first lady Michelle Obama at home in the White House. The finances of the First Family are tighter than you'd think, says New York Times correspondent Jodi Kantor.
BRENDAN SMIALOWSKI/AFP/Getty Images

Chase slips up

Mar 2, 2012
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.
JPMorgan Chase CEO Jamie Dimon
ERIC PIERMONT/AFP/Getty Images

Health care costs: A pain in the neck

Mar 2, 2012
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.

Carl Richards: Live and doodling

Mar 2, 2012
Tess talks with personal finance commentator and artist Carl Richards in front of a live audience in Park City, Utah.
Carl Richards' personal finance drawings pull no punches.
Behaviorgap.com

Cutting savings to the bone

Mar 2, 2012
Marketplace's Wealth and Poverty reporters talked with people from all over the country, and many, regardless of their earning power, had very little in the way of savings.

Piggy for a personal finance paragon

Mar 2, 2012
Jacqueline Byers' salary is in the low $40,000 range, but she budgets, tracks her spending and saves up for what she really loves -- travel.
Jacqueline Byers' salary is in the low $40,000 range, but she budgets, tracks her spending and saves up for what she really loves -- travel.
Justin Sullivan/Getty Images

Bracing for baby

Mar 2, 2012
Kids are expensive! Author Carmen Wong Ulrich discusses the serious financial decisions to-be parents should be thinking about.
Expectant parents should be thinking about some very basic questions as they figure out the costs of bringing a new life into the world.
WALTRAUD GRUBITZSCH/AFP/Getty Images

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.