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.
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.
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.
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.
As we come across another holiday season, a new study reveals that consumers plan on holding back from using credit cards. Is this really true? Nancy Marshall Genzer investigates.
Advocates for financial education say it's never too early to start teaching children about money. Tess Vigeland visits an elementary school classroom to see that idea put into action.
FDIC head and children's book author Sheila Bair talks to Tess Vigeland about early lessons on handling money and finances and shares tips for raising money-savvy kids.
Money figures a lot into relationships, and there can usually be a difference to how each partner handles their finances. But one study says that the financial planning should really be handled by the one who knows the numbers. Janet Babin reports.
