May 15, 2008
Main Street’s Shaky Financial Feelings
Harry Smith: Eventually One White House Candidate Will Recognize Real Americans Feel Real Economic Pain
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(CBS)
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Play CBS Video Video MoneyWatch Alexis Christoforous reports on today's top financial headlines. Gas prices continue to increase in the face of a shrinking economy while the price of stamps also rises.
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Video The Soaring Costs Of College College costs have soared in recent years, leaving many students up to their ears in debt. Financial adviser Ray Martin offers tips for how to afford a college education in our tenuous economy.
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Video Commuting Costs On The Rise Gas prices have nearly doubled in the U.S. since 2003, while more and more super-commuters, those who drive 90 miles or more to work every day, face financial setbacks. Nancy Cordes reports.
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Interactive Eye On The Economy In-depth features on U.S. markets, taxes, employment and the Federal Reserve.
A new survey from Bloomberg says that nearly 40% of Americans feel their personal financial situation is shaky, or very shaky.
Yes, the number of people who are confident is shrinking, and the number of people feeling shaky is growing. Each month brings a new record of foreclosures. With food and gasoline prices rising, there’s a whole lot of shaking going on.
According to the Wall Street Journal, vast numbers of Americans will be using their economic stimulus rebate checks to pay off bills. Buy groceries and gas and even slap some into savings if they can. No…things are too shaky to be buyin stuff just for the sake of buyin stuff.
Eventually one of the political candidates will figure this out, that the road to the White House goes down Main Street. And folks who live in real America are feeling real pain when it comes to dollars and cents.
Harry's daily commentary can be heard on many CBS Radio News affiliates across the country.
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