Recession Saving and Investing
Whether you’re a parent pinching pennies, or a policy-maker trying to find the best ways to allocate funds, the economy is probably at the forefront of your mind these days. Host Irene Maher meets with area economic development council directors to see how they’re weathering the storm and gearing up for President Obama’s stimulus package. Meanwhile, Carson Cooper introduces us to Sue Heinz, a married mother of four from Sarasota featured in Parade Magazine and on The Oprah Winfrey Show for her tried-and-true thrifty techniques for living. You’ll also get a chance to peek behind the counter and see what it’s like to work as a job placement counselor during tough economic times, as Larry Elliston heads to the Tampa Bay Workforce Alliance.
As our current recession has persisted -- and even deepened -- we’ve heard the stories of people cutting back to make ends meet. Sometimes that means changing investment strategies or even reducing contributions to retirement accounts because paying the bills today demands it. This week, financial advisors offer their take on keeping your financial house in order through a sour economy.
Jonathan Wax and Greg Ghodsi talk about some of the politics of the economy right now and whether the markets are operating more on hope or on fear. (3:48)
Greg Ghodsi describes how perceptions can create a snowball effect in the economy. He suggests that’s evident now because people who still have jobs are spending less and saving more. (2:28)
Greg Ghodsi explains what came out of discussions to finance the bank bailout with government-issued bonds like the war bonds used to pay for World War II. (1:05)