Personal Finance

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.

The Fed is about to roll out another round of a process called quantitative easing. It's aimed to get interest rates down and make borrowing cheaper, as well as push Americans to spend more. But that's not a good thing for people who are trying to save. Mitchell Hartman reports.

This final note today. I know the economic news has been a little bleak lately, housing and jobs and all that. And I apologize if we've been...

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 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.

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.

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.

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.

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.

More and more, companies are using credit reports to check up on employees and job applicants. Should this become an accepted practice? John Dimsdale reports on what the Equal Employment Opportunity Commission is planning to do about it.