Fewer Americans are having babies. Instead, many are putting their careers or savings accounts first. But experts say the country's low birthrate could be disastrous for the economy. Host Michel Martin examines the trend with her parenting roundtable.
Skipping $4 lattes will save you some money — but buying into bogus financial advice won't. Finance journalist, Helaine Olen says many of the so-called 'financial experts' are selling you advice to make themselves rich. She discusses her book, Pound Foolish: Exposing the Dark Side of the Personal Finance Industry with host Michel Martin.
If Michigan Governor Rick Snyder has his way, Detroit will become the sixth and largest city there to come under state control. But steering a city out of crisis can be a tricky task. Host Michel Martin speaks with Jerome Vaughn, of WDET, and Robert Bobb, a former emergency financial manager for Detroit Public Schools, about the situation.
Hi! It's Ask a Banker! Once again, I'm a former banker, current Dealbreaker editor and occasional answerer of questions here. Send more questions to firstname.lastname@example.org with "ask a banker" in the subject line, or ask on Twitter (@planetmoney). This week's question comes from Ellen in Minneapolis and I think you'll like it:
And our last word in business is, no more working in your pajamas. Best Buy says it's ending its flexible work program, calling its corporate employees back to the office.
RENEE MONTAGNE, HOST:
This is getting to be a trend. The move comes after Yahoo stirred debate for ending its work-from-home program. A Best Buy spokesperson told the Minneapolis Star Tribune, the hope is that quote, "all-hands-on-deck approach will lead to collaboration."
NPR's business news starts with a ketchup jackpot.
(SOUNDBITE OF MUSIC)
MONTAGNE: Last month, Warren Buffett's Berkshire Hathaway and a private equity firm announced they were buying Heinz for $29 billion. Now we're learning what the deal means for Heinz's CEO, William Johnson.
The oldest of the baby boomers came of age in the 1960s and are beginning to retire. Their younger cohorts are still putting kids through college and building careers. Baby boomers are a giant portion of the population — 78 million people, by one estimate.
They grew up in an era of rising living standards, but the Great Recession destroyed any sense of financial security — and many nest eggs. Financial planner Tim Maurer outlines a variety of issues boomers face.
Who is a baby boomer, and what defines their financial situations?