In a "flash mob," hundreds of people invade a public space to do something in unison. But a "cash mob" adds a mission to that idea. All over the country, crowds of people are being organized on social media sites to invade mom-and-pop stores at a specific day and time to spend money locally.
Alburgh, Vt., is on a remote peninsula near the Canadian border. But even though the town is rural, it's always had a bank. So when its citizens learned the People's United Bank branch on Main Street was closing, they feared their community would turn into a ghost town.
Housing prices are still falling nationwide, but some analysts see reason for optimism in the real estate market. Home listings are dropping closer to healthy market levels, and some real estate agents report more interest among would-be buyers.
As social media grows, hiring managers have started to screen Facebook and Twitter accounts, as well as running criminal background checks for potential employees. Some employers are asking applicants to hand over Facebook passwords as well.
Consumers pay an estimated $30 - $60 billion a year in 401(k) management fees. But the average American has no idea how much they pay or that they pay any fees at all, according to the AARP. Guest host Jacki Lyden speaks with Ian Salisbury of SmartMoney Magazine about the fees and the call by consumer advocates for more transparency.
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