Oct 22, 2010

Marketplace Money for October 22, 2010

HTML EMBED:
COPY

Marketplace Money for October 22, 2010

Segments From this episode

What $250k gets you: Rodeo Drive vs. Rodeo Road

Oct 22, 2010
A walk down Rodeo Drive in Beverly Hills is a lot different from walking down the similarly named Rodeo Road, which is just six miles away in South Los Angeles. UCLA public policy professor Michael Stoll takes us on a tour of the two neighborhoods.
Rodeo Drive in Beverly Hills, Calif., is an icon of wealth in the U.S. Six miles away at the corner of Rodeo Road and Crenshaw, it's a different story.
Stephen Hoffman/Marketplace

How far does $250K go in New York City?

Oct 22, 2010
The cost of living changes, of course, depending on where you live. And if you happen to want to live in Manhattan, that cost of living is very, very high. Sally Herships visits with a Manhattanite to see how far a $250,000 salary can get you in New York City.

How perception affects our sense of wealth, and taxes

Oct 22, 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's a debate over taxes, says the New Yorker's James Surowiecki.

Question: What makes us feel wealthy?

Oct 22, 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.

Question: How has people's wealth changed?

Oct 22, 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.

America, get realistic and tax the rich

Oct 22, 2010
The American Dream -- the belief that anyone can work their way up the ladder to prosperity -- is deeply intertwined into U.S. culture. But it's also deeply affecting our thoughts about income taxes, says commentator Felix Salmon, and we need to become more realistic.

Question: Is $250,000 rich?

Oct 22, 2010
The number of $250,000 a year is being thrown around by politicians these days 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.

Burdens of wealth

Oct 22, 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.

What popular culture tells us about wealth

Oct 22, 2010
In reality, there may not be many of us who actually know someone who is rich. Instead, we get all our perceptions of wealth from popular culture -- TV, movies, books, the Internet. Tess Vigeland takes a look back at the trends of wealth throughout entertainment's past.