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  • Happy Halloween! Now let's talk holiday shopping

    More consumers are looking beyond Black Friday to get the best bang for their buck. NBC's Chris Clackum reports.

    Even as most kids are still sorting through their trick or treat bags, major retailers are already turning their attention toward another favorite time of year for kids: The winter holidays.

    The holiday shopping season – long crucial to most retailers’ financial success or failure – is starting earlier and earlier, especially online.

    As of Halloween morning, retailers such as Amazon.com and Toyrus.com are already featuring holiday toys lists prominently on their home pages. Wal-Mart’s website was touting ways to get your home ready for the holidays alongside a last-minute Halloween costume promotion.

    In all, the National Retail Federation said more than six in 10 online retailers were starting holiday promotions before Halloween.

    Some may grouse about seeing Christmas trees in October, but a significant minority of shoppers do start  thinking early about holiday shopping. Retail analysts at NPD Group expect that more than two in 10 shoppers will start their holiday shopping by Thanksgiving, a slight increase from last year.

    Nearly four in 10 plan to do holiday shopping online, about the same as last year, according to NPD.

    Still, the presidential election – and more recently, Superstorm Sandy – are probably a bigger distraction to people right now. C. Britt Beemer, a retail analyst with America's Research Group, said his recent polling has found that to be the case.

    "Over half the country said they had to get through this presidential election before they could even think about Christmas," he said.

    The early promotions - along with other discounts, free shipping deals and limited-time offers - are among the ways online-only retailers are trying to get an edge over traditional retailers' promotions such as Black Friday.

    For retailers with both an online and a physical presence, experts say it's a way to entice shoppers to buy from them whether they are at the mall, using their smart phone or on their laptop. 

    "They’re really starting to realize that it’s a total picture. You can’t just pay attention to online or brick and mortar," said Vicki Cantrell, executive director of shop.org, the digital division of the National Retail Federation.

    There are good deals to be had online, especially as we get closer to the holidays. But Beemer said consumers can still expect to get a good deal the old-fashioned way: By getting up really, really early on Black Friday and heading to a traditional store.

    "There’s nothing better than those early bird specials," he said.

    But Black Friday may not be such a good deal for those who aren't willing to wake up at the crack of dawn, and cost-conscious consumers have gotten more savvy about using online tools to compare prices and hold out for the best deal.

    Cantrell said consumers are increasingly thinking of the period from Thanksgiving day to the Monday after Thanksgiving as an elongated shopping period, where they may shop online or in person, depending on what is cheapest and most convenient.

    Overall, experts are predicting a decent holiday season as consumers grow a little less nervous about the economy, The National Retail Federation is estimating that sales will increase 4.1 percent, to $586.1 billion.

     

  • Cheapism: Best budget double strollers

    The Combi Twin Sport is a side-by-side model that starts at $215.

    By Kara Reinhardt, Cheapism.com

    Anyone expecting twins, or one child soon after another, must double up on a lot of gear. Two babies require two car seats, two highchairs, two Boppy pillows -- but only one stroller. A double stroller, whether side-by-side, tandem, or umbrella-style, lets a parent transport two children at once. Still, with all that other paraphernalia to buy, the household budget can certainly benefit from an affordable double stroller that’s easy to use and keeps children safe and comfortable.

    Below are Cheapism’s top picks for double strollers under $225.

    • The Combi Twin Sport (starting at $215) is a side-by-side stroller that can accommodate one Combi Shuttle infant car seat. Each seat holds up to 45 pounds. This stroller is the lightest on the list, at just over 22 pounds, and parents appreciate how easy it is to maneuver and stow. (Where to buy)
    • The Baby Trend Sit N’ Stand Double (starting at $163) is a tandem stroller, with one seat in front of the other. It fits two infant car seats from a few different brands and transports children up to 40 pounds. An older child can stand or sit in the back. Parents praise this stroller’s versatility in online reviews. (Where to buy)
    • The Graco Quattro Tour Duo (starting at $170) has room for two Graco infant car seats. This hefty tandem stroller can transport children up to 50 pounds in the front seat and 40 pounds in the rear seat. Still, reviewers observe that it rolls along easily and is designed to fold up with one hand. (Where to buy)
    • The Maclaren Twin Triumph (starting at $220) is a side-by-side, umbrella-style stroller that can carry up to 110 pounds but doesn’t accommodate infant car seats. Parents call this stroller agile and portable and note the brand’s reputation for durability. (Where to buy)

    Both side-by-side strollers listed above can pass through standard doorways, but their width may make it difficult to navigate certain settings, such as mazes of merchandise at a grocery store. They also don’t offer as much in the way of cup holders and storage/snack trays; the Maclaren lacks these features entirely. On the other hand, the design lets both children see their surroundings and the seats are easy to access. You also don’t have to worry about the child in the back kicking the seat of the child in front.

    The Baby Trend Sit N' Stand Double is a tandem model that starts at $163.

    With a tandem stroller you can squeeze through a narrow doorway, although many models are long enough that it can be tricky to hold open a swinging door as you push the stroller. Umbrella strollers have few frills and typically aren’t compatible with infant seats, but for parents of toddlers and babies old enough to sit up, they’re a relatively compact and easy-to-handle option.

    Keep in mind that any stroller you choose has to fit in your car or be light and manageable enough to take on public transport. You may think you have plenty of trunk space, but a bulky double stroller doesn’t leave much room for groceries and other cargo.

    Many savvy parents turn to secondhand sources for clothes and other baby necessities, but experts caution against borrowing or buying a used stroller for safety reasons. If you choose this route, you should know the history of the stroller and check the website of the Consumer Product Safety Commission to make sure it hasn’t been recalled.

    More from Cheapism:

  • The morning after: 3 things homeowners should do now

    As homeowners start to assess the water and wind damage to their properties after Hurricane Sandy, they'll need to know the ins and outs of their insurance. Robert Hartwig of the Insurance Information Institute has tips on navigating your storm coverage.

    A lot of homeowners in the Northeast woke up today and confronted the specter of flooded structures, fallen trees and other serious property damage. Last year's Hurricane Irene clocked in as the fifth most expensive hurricane in history, with $19 billion in damages, and Sandy's impact is expected to be even larger.

    Robert Hartwig, president of the Insurance Information Institute, said homeowners who suffered damage from Superstorm Sandy should take a few steps immediately. Here's what you need to do to get repairs under way.

    • While Hartwig recommends a sit-down with an insurance agent once a year to go over coverage types and levels, many of us don't do that, so the first step is reading your policy to find out whether or not you have covered claims. While wind causes some damage to homes, cars and other property, the big issue is flooding. Flooding is responsible for more than 90 percent of property damage inflicted by natural disasters, although it isn't covered in most homeowners' insurance policies.
    • Inspect your home, take pictures of any structural or property damage as soon as possible and pull together a list of damaged property along with, if possible, how much those items were worth. Gathering all that information quickly will help your claim get processed faster, Hartwig said. Homeowners who file their claims right away can expect to meet with an adjuster in just a few days, so people who file today could meet with an adjuster by the end of the week. If your home is too badly damaged to inhabit, some insurance companies can give you money for temporary living expenses on the spot. 
    • To get rebuilding under way, shop around for estimates from contractors. Even though you'll be anxious to get your house and your life back to normal, it's important to conduct due diligence and make sure that whoever's handling the repairs is reliable. Unscrupulous contractors prey on the victims of natural disasters, so ask friends or family for referrals, and be sure to check the contractor's references.

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  • Free tacos at Taco Bell today, weather permitting

    Taco Bell

    For any locations closed because of Superstorm Sandy, Taco Bell announced that they'll set up a later date for customers to get their free taco.

    Beat the post-hurricane blues with a free taco today, Tuesday, October 30th, at Taco Bell from 2-6pm. The chain is giving away one free Doritos Locos Taco to every customer as part of its "Steal a Base, Steal a Taco promotion."

    Taco Bell promised that if a base was stolen during the World Series, it would give away a free taco. Sunday night, in the eighth inning of Game 2, the San Francisco Giants's Angel Pagan stole second base. In so doing, he "effectively stole free Doritos Locos Tacos for the entire country," Taco Bell said in a press release.

    For stores closed today due to the storm, a Taco Bell spokesperson told NBCNEWS that they will give out free Doritos Locos Tacos at a later date, not yet determined.

    "While we want everyone to get their free Doritos Locos Taco, our top priority is the well being of our team members and customers during this massive storm," Taco Bell told NBCNEWS.

    It's a good idea to call ahead first to find out if the store is a) open and b) taking part in the giveaway. NBC News called several locations in New York and New Jersey and got no answer on Tuesday morning. Locations in Indianapolis, Indiana, however, west of Sandy's major impact, were open and participating.

    Use common sense based on information from public safety officials and authorities in your area. Flooded roads and downed power lines aren't worth risking for a free taco, no matter how deliciously addictive you find its crispy Dorito shell.

  • Fewer rebates offered, but deals are getting better

    Seen any good rebates lately? Rebate offers are on the decline — a trend that’s been going on for several years. But the ones that are still available can help stretch your budget. 

    The editors at dealnews.com recently analyzed the numbers and found that manufacturers are opting for quality over quantity.

    "While the sheer number of rebates is going down, we've found that the number of high-quality rebate deals is going up,” said Lindsay Sakraida, features director at dealnews.

    In my book, that’s good news, because mail-in rebates are a pain. Who wants to go to all that work for just a few cents, knowing that in many cases the rebate check will never arrive?

    Thankfully, many rebates can now be done online. Sakraida says Web-based rebates have become more popular with visitors to the dealnews site.

    “People are more willing to click on the rebate deal because they're a better value,” she told me. “Deals that require rebates these days are giving you an all-time low price or a rare discount, so consumers are a little bit more willing to put up with that extra step."

    The dealnews analysis shows tech products most often have high-value rebates. That’s especially true with solid state hard drives right now. So far this year, nearly half of the rebate offers on these hard drives gave shoppers best-ever prices, or close to them, for their respective storage capacity.

    Rebates are still popular on computer software. It’s not uncommon to find “free after rebate” offers — the ultimate prize for a savvy shopper — on security software.

    For example, right now at newegg.com Symantec has a free after-rebate offer on Norton Antivirus 2013. You pay $35 and get a $35 prepaid card by mail. Buy Bitdefender Total Security 2013 at FRYs.com and you make a penny. You pay $49.99 (shipping is free) and get $50 back after the mail-in rebate. Both of these offers expire on Nov. 1.

    Be advised: The rebates for some “free” software deals are only good if you upgrade from one version of that program to another.

    The bottom line

    Free money is always good, so it would be silly not to take advantage of a rebate offer. But it’s just as foolish to buy something with a rebate and not claim your money back.

    Manufacturers love it when customers don’t follow through. They count on the fact that a significant percentage of shoppers will be attracted to the “after rebate” price, but forget to submit the rebate claim. Don’t leave this money sitting on the table.

    The Federal Trade Commission offers these tips for successfully claiming a rebate:

    • Follow the instructions on the rebate form and enclose all required documentation in the envelope when filing for a rebate.
    • Make a copy of all paper work to be mailed when applying for a rebate. It's the only record you will have of the transaction if anything goes wrong.
    • Contact the company if the rebate doesn't arrive within the time promised.
    • If the rebate never arrives or arrives late, file a complaint with the Federal Trade Commission, your state attorney general or the local Better Business Bureau.

    What have you found when you go shopping? Are the rebates worth your time or too much of a hassle?

    Herb Weisbaum is The ConsumerMan. Follow him on Facebook or visit The ConsumerMan website.

     

  • October surprise: Americans feeling better about economy

    Jonathan Ernst / Reuters

    Two-year-old Charles Kearley helps his parents shop for pumpkins at Stribling Orchard in Markham, Va. Consumers have been feeling better about the economy in recent weeks.

    With only days to go before the presidential election, a remarkable thing has happened: Americans have stopped feeling quite so crummy about the economy in general, and their personal financial situation in particular.

    It’s too early to say that people have completely let go of the financial worries brought on by the Great Recession and weak recovery. Still, several data points released this month show that Americans are feeling less negative about their finances and the economy, and a little more willing to spend money.

    “People feel we’re out of the woods, but we’re not in the clearing,” said Lydia Saad, a senior editor with Gallup.

    The slightly more optimistic feelings come more than three years after the economy officially came out of recession and limped into the current sluggish expansion.

    “This is the typical pattern we see at the first stage of the recovery,” said Richard Curtin, chief economist for the Surveys of Consumers, a monthly look at consumer sentiment. “Now, unfortunately, we’re long into this recovery but consumers hadn’t noticed it.”

    Curtin said the improving attitudes are being driven by two issues that hit closest to home: Housing and employment.

    “It’s the sense that their income is improving and their household wealth is improving, and this better balance sheet has really been one of the major forces,” he said.

    A recent Gallup poll showed that for the first time in five years, more Americans are feeling better off financially than they did a year ago, as opposed to worse off.

    The shift was largely due to a decline in those feeling worse off, from around 49 percent of people at the beginning of the year to about 34 percent when the latest poll was taken in late October.

    The number of people feeling better off rose to 38 percent, from 29 percent in January.

    The modest upswing would seem to be a boon for President Barack Obama, since his handling of the economy has been a top election issue. But Saad cautioned that much of the gain is coming from Democrats.

    Among Republicans, there was a decline since January in those feeling better off. That may reflect the feelings of those who support challenger Mitt Romney and see a better future under his leadership.

    The partisan divide didn’t surprise her.

     “Even for something that looks like a very sound economic measure, people understand what the implications are politically,” Saad said. “People, I think, are just more political than we realize.”

    The latest consumer sentiment data released Friday by the University of Michigan and Thomson Reuters confirmed that Americans are feeling better than they have felt in five years about their financial prospects. Still, the data showed that many remain worried that either the economy in general or their personal situation will get worse.

    Curtin, chief economist for the consumer survey, said more Americans are feeling better about their own situation and also report hearing better news generally about those close-to-home issues. That’s in keeping with a separate poll the Pew Research Center released this month, showing that Americans felt they were hearing less negative news about the economy.

    The unemployment rate has been edging down very slowly for a while and dropped below 8 percent last month for the first time since 2009. But many economists said recent signs the housing sector is stabilizing may have been a bigger driver of improved consumer feelings in recent months.

    “I really believe it’s tied most intrinsically to housing,” said Diane Swonk, chief economist with Mesirow Financial.

    For many Americans, their home is their biggest financial asset, she noted. The housing market crash left many people feeling financially fragile and nervous about the future, if they were able to hang onto their house at all.

    Now, she said, people may be more likely to see that a neighbor’s house is for sale and selling for a good price. They may also have been able to take advantage of record-low rates to refinance, leaving them with a bit more money at the end of the month.

     “They’re willing to spend a little bit more,” she said.

    The painfully slow but relatively steady improvement in the unemployment rate also is fueling some of the more optimistic feelings, said David Sloan, a senior economist with 4Cast in New York.

    “I think the people who have jobs are feeling secure, and the numbers of unemployed are gradually declining,” he said.

    Sloan said the economy does seem to be showing signs of genuine improvement. Still, he cautioned that other economic factors, which most Americans are less likely to be thinking about, could derail some of those gains.

    Businesses have grown increasingly worried that politicians won’t come to an agreement over the so-called fiscal cliff, a series of automated tax increases and spending cuts that are scheduled to take effect if Congress doesn’t act.

    Executives also may not like the uncertainty of not knowing who will win next week's elections, since the outcome could mean more political gridlock over important policy issues.

    Discussing whether consumers or corporations have a better gauge of the economy, with CNBC's Jon Fortt & Bob Pisani.

    The European economic situation also remains somewhat uncertain, and that could have a ripple effect on U.S. businesses.

     “The question is, is it sustainable?” Swonk said of the slow economic improvements. “We’re in a pretty fragile situation and it’s only sustainable if those other shocks that people don’t think about don’t … sneak up on us.”

    Related:

    Fiscal cliff warnings rise to (overblown?) fever pitch

    Economic growth picked up in the third quarter, new data show

     

  • Frugal Fridays: What are your tips to stay on budget?

    TODAY's financial editor Jean Chatzky explains that you can avoid overspending by thinking about what matters most in a product and shares tips for getting great deals this weekend.

     

    When you boil it down to its essence, personal finance is about three things: Earning money, spending money and saving money. And most of us don’t have much control over the first one.

    TODAY is launching a new weekly series – Frugal Fridays – to help you with smart ways to spend and save your hard-earned dollars. But we want this project to be about YOU – the TODAY viewers – not us. We want to hear your money-saving ideas. We want to brainstorm with you on ways to keep your household budget from spiraling out of control.

    Here are just a few examples:

    • How do you keep costs down when going out to dinner with your family?
    • Are you a coupon clipper? What tips can you share?
    • Do you consider yourself a super shopper? Tell us your secrets.
    • The holidays are coming! Let’s brainstorm ideas on how to stay on budget.
    • How are you teaching your children about the importance of saving?

    Every Friday, Jean Chatzky will discuss these important pocketbook issues on TODAY. But we need your participation. We will reach out to you and feature your ideas on air, online on Facebook and on Twitter ( #frugalfridays ) .

    Please fill out this Frugal Friday form. We may use your story in an upcoming segment

     

    In a recent poll, voters named the economy and unemployment the two most important problems facing the country, as millions of Americans struggle to pay bills and save money at the same time. TODAY financial editor Jean Chatzky reports on an average American family's struggle to save.

  • Honda introduces car designed just for women

    The TODAY anchors, along with Billy Bush and Kit Hoover of "Access Hollywood Live," talk about the new Honda Fit She's, a car designed specifically for women that will feature a windshield to help prevent wrinkles and will come in the color pink.

    The auto industry has traditionally been male-dominated but Honda has rolled out a new model it claims to have specifically designed with women in mind.

    The new Honda Fit She’s is a pretty-in-pink version of the maker’s familiar subcompact that offers a few niceties the maker believes will specifically appeal to distaff buyers, such as a windshield designed to block skin-wrinkling ultraviolet rays.

    But will women actually care? While the new Honda subcompact may be the only car currently on the road specifically targeting women there’s a good reason.  Previous feminine offerings, such as the old Dodge LaFemme, met with little more than indifference and, in some cases, outright hostility.

    Toyota Back on Track as Global Sales Leader

    Priced at $17,500 – at current exchange rates – the Honda Fit She’s is currently available only in the Japanese market and it’s unclear whether the maker will roll it out in other parts of the world.

    Like those vehicles handed out as prizes by Mary Kay Cosmetics, the dominant shade is pink, starting with the exterior paint and including the interior pink stitching and tutti-frutti-hued chrome bezels. If that doesn’t get the message across, Honda uses a pretty little heart to replace the apostrophe in “She’s.”

    To Honda’s credit, the maker also has plans to offer the special model in an alternate hue that might best be called “eyeliner brown.”

    The Fit She’s also delivers some other features women might appreciate.  That includes the special UV-blocking window glass.  Recent studies have underscored concerns that extended exposure to the sun while driving can be nearly as bad for the skin as spending too much time on the beach. 

    Iconic London “Black” Cab Could Soon Vanish

    The Honda Fit She’s also features a “Plasmacluster” climate control system the maker claims can improve skin quality.

    The decision to offer the car in the Japanese market isn’t all that much of a surprise considering the country’s more traditional sex-defined roles. As much as half of all Japanese women stay out of the workforce and still more tend to shift to homemakers after getting married. But even for those women who do join the workforce, there is  more of a divide in tastes than one might find in Western countries.

    That has stifled efforts by European and U.S. manufacturers who previously tried to target products directly to women.  Chrysler, for one, thought it had a winner with the 1955 LaFemme. The sedan featured special storage places for hat and purse – and the driver’s seat swiveled to allow a woman wearing a skirt to enter or exit the vehicle with appropriate modesty.  Nonetheless, like the few other offerings openly aimed at American women over the years, LaFemme proved LaFlop.

    One might think that the U.S. auto industry would be inspired by the Honda Fit She’s. After all, women now directly purchase over a third of the vehicles sold in the States, while data from J.D. Power and Associates suggests they “influence” as much as 60% of all vehicle purchases.

    Honda Tells Dealers, Clear Out Old Civic for “Emergency Refresh”

    Yet, just the hint of being a “woman’s car” can prove the kiss of death.  Despite their tremendous flexibility and functionality, minivans lost much of  their cache, noted Nissan marketing executive Tom Smith, when they become known as “soccer-mom vehicles.”  Chrysler tried to counter that image when it released its latest  version of the Dodge Durango by dubbing it the “man van,” but with little success.

    Volkswagen blames the fall off in sales of the so-called “New Beetle” to the fact that the vehicle became known as a “chick car.” Jonathon Browning, head of Volkswagen Group of America, says the maker specifically wanted to make the latest version of the Beetle, introduced a year ago, “look more masculine.”

    That doesn’t mean makers are ignoring the needs of women.  Both Ford and General Motors, among many makers, have established groups of women designers and engineers who specifically consider the features and attributes of new products looking for ways to appeal to feminine needs – and avoid problems that might not be apparent to their male colleagues.

    That might include door handles that can snap off long fingernails. And a number of new vehicles now feature larger center storage bins able to handle a pocketbook – while men get the added benefit of being able to tuck away their iPads and other electronic goodies.

    Some makers have also introduced new colors that they believe will have bigger appeal to women buyers – though whatever their sex, studies by paint suppliers like DuPont Automotive show that silver, black and white continue to dominate.

    So, while automakers clearly want to win over women shoppers, few are likely to follow Honda’s lead, especially outside of Japan.  In most of the rest of the world, women car buyers just wanted to be treated as one of the guys.

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  • Jobseekers on employers: Slow, picky, cheap, annoying

    Many employers will tell you that it’s hard to find good employees these days.

    Jobseekers tell Life Inc. it’s getting pretty hard to find good employers, too.

    A post this week on how many employers have grown extremely picky amid such high unemployment prompted hundreds of readers to share their frustrations from the job hunt.

    “I've seen too many job descriptions where it seems they have only 1 person in the world in mind! Education + Experience + Extras beyond reality,” one reader wrote.

    “You're either overqualified or underqualified while they search for a fictional candidate,” another lamented.

    Almost all of the nearly 17,000 people who took our poll said they thought employers had become too picky. Many complained that technology to automatically screen resumes – which is widespread in the industry today – is making it tough for people to break through and impress an employer.

    Others complained about job descriptions demanding way too many skills and qualifications for the job on offer.

    “Even a resurrected Jesus wouldn't be hired because, even though he can perform miracles, he had trouble with the law at one time and he's way over 50 now, plus that beard isn't to corporate standards,” one reader joked.

    Another big complaint: Lowball salary offers.


    “They want 20 year-olds with two degrees and 10 years of experience willing to work for peanuts,” one reader wrote.

    The fact that there are around 12 million people seeking work in this country has made many employers feel like they have the luxury to hold out for the perfect candidate. But many readers said they felt like it also has made them  overlook candidates who would have worked out just fine.

    “They pass up qualified applicants because they think that the next one will be even better,” one reader said.

    OK, but what about jobseekers? A reader in the staffing industry complained that many people who are looking for jobs dress unprofessionally, lack basic reading and writing skills and are dishonest.

    “My clients do take longer to interview, they are pickier than they have been in the past, but I also think that a lot of that has to do with the terrible experiences they've had before when they relaxed their requirements and took a risk and it didn't pan out,” the reader wrote.

     

     

  • Going my way? Commuting in same direction linked to marital bliss

    Jacques Brinon / AP

    Partners who travel to work in the same direction tend to feel more positive about each other and are happier, according to surprising new research.

    The classic line “Going my way?” may suggest a carefree and uncommitted lifestyle, but for couples at least, commuting to work in the same direction may be one of the factors that paves the way to marital satisfaction.  

    At least that’s what a new study has found.

    The report, “Going my way? The benefits of travelling in the same direction,” showed that partners feel more positive about each other and are happier if they travel to work in the same direction than those who don’t. The findings were based on two surveys conducted in the United States and in Hong Kong. Researchers asked more than 400 married people to rate their satisfaction with their spouses and to describe the direction, distance, and duration of their respective commutes.

    “We think that similarity in commuting direction is symbolic of similarity in goals more generally, and that this is what underlies the effect,” said Robert S. Wyer Jr., a visiting professor at the Chinese University of Hong Kong who supervised the research. “We know from other research that individuals with similar goals are more attracted to one another, and commuting to work is essentially pursuing a goal. So, commuting in the same direction may be symbolically linked to pursuing similar goals.”

    Wyer said that there is quite a body of evidence that supports the notion that similarity along many dimensions increases interpersonal attraction, even when seemingly unimportant. Two people with the same first name, or who learn they come from the same city or state, for example, “may feel attracted to one another even if they have no other information about one another,” he said.

    Should people who do not commute or commute in opposite direction from their spouses be worried?

    “Obviously not,” Wyer said.

    “I think the results are undoubtedly of greater theoretical and conceptual importance than practical importance. Commuting in the same direction obviously contributes a very small proportion of the variance in marital satisfaction. It would be ludicrous to conclude that it’s essential to marriage when so many other, more important things contribute," he said. "The effects are statistically significant and therefore very likely to exist, but the magnitude of the effect, in relation to that many other factors, is likely to be very small.”

    A followup laboratory experiment eliminated other interpretations of the survey findings, as even randomly paired strangers reported greater attraction to one another when they walked in the same direction rather than in different directions.

    Considered alone, the field studies have alternative interpretations, Wyer said.

    “Couples who commute in the same direction may find it easier to get together after work for dinner or other mutually enjoyable activities, and this could account for their greater marital satisfaction. The laboratory studies are not susceptible to this interpretation,” he said.

    But when both laboratory and field studies are considered in combination, it increased confidence in the findings, he said.

    The Harvard Business Review recently featured the study in an article, “You Can Improve Your Relationship” based on a Q&A with Wyer, who is also a professor emeritus at the University of Illinois. (The study was originally published in the Journal of Experimental Social Psychology in July, and is authored by Xun (Irene) Huang, Ping Dong, and Xianchi Dai, who were primarily responsible for the research, as well as Wyer.)

    Jill Kristal, a clinical psychologist in Larchmont, N.Y., who frequently counsels couples and families on workplace transitions and work-life balance issues, was initially surprised that the topic would be the subject of scholarly research, and was somewhat concerned about the modest sample size. But once she thought about it, it made sense.

    “It made me think about my wedding, and walking down the aisle to get married,” Kristal said, noting that the long-established tradition was a symbolic sharing of similar goals, much like shared commutes in the study. 

    In addition, she said the findings resonate with her counseling work with couples.  “When one partner decides to stay at home, the adjustment is really difficult,” as they often have difficulty relating to each other. "They no longer understand where the other is coming from.”

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  • Workers face tough choice as unemployment drags on

    Mike Segar / Reuters

    Job seekers wait to meet with employers at a career fair Wednesday in New York City.

    One of the defining features of the current economic downturn is that when people lose their job, they tend to remain unemployed for a loooong time. Of the nation's 12 million unemployed workers, 40 percent have been unemployed more than six months, and the average duration of unemployment is nine months.

    Many workers inevitably struggle with the question of whether to strategically pursue jobs within their chosen field or just grab any job they can get.

    Obviously, if bills are piling up and you need to get food on the table, you happily take any available job. But what if you have some savings set aside and can afford to ride out your job search for a while?

    There aren’t any hard-and-fast rules in that case, experts said.

    “There is no one right answer. You need to do what’s best for you,” said David Palileo, a recruiter for Synapse Product Development.

    Cathi Hight, president of the Boulder Area Human Resource Association in Colorado, echoed Palileo’s comments, noting that both long employment gaps and unusual, interim jobs are increasingly common these days. “HR people are a little less judgmental, because a lot of people are out of work – a lot of HR people are out of work. They get it.”

    Whether you take any job you can find or hold out for something in line with your long-term career goals may depend on what industry you’re in. “Think about what industry you’re in – what’s the future for that industry? If you’re in a declining industry, you’re going to need to find some resources to switch industries, switch careers,” said Josh Warborg, district president at Robert Half International, a staffing firm. “However, if you’re in an industry like IT or health care, you may be better off staying in your field and hunting down an opportunity there.”

    However, Joe Bonura, author of the e-book “Throw the Rabbit and Get That Job In 30 Days or Less!,” advises job seekers to take any job they can get. He says it’s important to do something productive, even if it wasn’t what you were trained to do. “I would clean toilets in between [jobs] so I could keep my pride and keep earning money,” Bonura said. “While I’m cleaning toilets, I’d be thinking, ‘What am I going to do this afternoon so I can get the job I really want to do?’ And there’s no shame in that. There’s no shame in any labor. The big thing to do is maintain your self-esteem.”

    Whether you hold out for the job you really want or take any job you can get, experts recommend addressing that choice in your resume and cover letter.

    For those who take any job they can find, Hight recommends noting it as an “interim” position. Tell prospective employers that you had to make careful decisions during this difficult economic time. She notes that it’s important to mention something positive about that interim job in your cover letter. “Don’t make it sound like complete drudgery. Tell them you learned something new on the job. Then, potential employers can say, ‘Wow, this person made a hard decision, but they’re making the most of it and learning something.’”

    While Hight advises applicants to address their interim position in the cover letter, she says it’s important to talk about the job they are applying for as well. Many cover letters and resumes are scanned and filtered by computers before a human ever sees them, so it’s important to include the right keywords for a particular job in those documents; otherwise, Hight cautions, computer filters may dismiss a resume before a real person ever has the chance to lay eyes on it.

    Palileo agrees that it’s important to address both gaps in employment and those interim jobs on your resume. If you took a job just to get through a tough spot, Palileo says, it’s important to put the right spin on it, both on your resume and in an interview. “How do you encapsulate that [job] into your story? Rather than say ‘barista,’ say that you’re a java addict who dove into the subculture of coffee houses.”

    Dana Macario is a Seattle-area writer.

    While the rest of the nation suffers with a jobless rate of around 8 percent, South Dakota's is about half that. And there's a range of jobs, from IT to banking to engineering.

    More money news:

    Follow TODAY Money on Twitter and Facebook


     

  • Cheapism: Buying bed sheets on a budget

    Royal Velvet Pure Perfection sheets have deep pockets and elastic all around, so they stay put on pillow-top mattresses.

    By Kara Reinhardt, Cheapism.com

    During the winter months, when your workdays stretch longer than the sun’s, a cozy bed beckons. But pilling, shrunken sheets? Not so much. Consumers who opt for inexpensive sheets must take care to choose the right ones. No sheet set that costs $50 or less will feel the same as luxury sheets with prices as high as their thread counts. But that doesn’t mean you or your guests should sleep on scratchy sheets that slither off the corners of the bed.

    Below are Cheapism’s top picks for affordable bed sheets.

    • Royal Velvet Pure Perfection sheets (starting at $50 for a queen set) are made with Egyptian cotton and merit comparisons to pricier sheets in online reviews. Consumers point to the weight, softness, and smart double pleat at the hem. This 325-thread-count set is available in a variety of colors. The fitted sheet has elastic all the way around, so it stays in place. (Where to buy)
    • Elite Home cotton print sheets (starting at $40 for a queen set) come in coordinating patterns, as well as solids. Consumers who have posted reviews online appreciate that these seem to wrinkle less than other cotton sheets. Reviewers deem the 300-thread-count set comfortable and report that it softens considerably in the wash. (Where to buy)

    Thread count commands a lot of attention, but don’t make the mistake of equating it with quality. Even a 1,500-thread-count sheet at this price point pales in comparison with a 200-thread-count sheet made with a long-staple cotton such as Egyptian or Pima, whose long fibers produce stronger, finer yarns than lesser cottons. (The Federal Trade Commission has set out specific guidelines for labeling.) That said, more threads per square inch generally make for a denser, smoother, and more durable sheet.

    One drawback of 100% cotton sheets is their proclivity for wrinkling. Blends tend to be smoother out of the dryer. Provided you don’t mind ironing or having somewhat rumpled sheets, experts recommend cotton because it’s a comfortable, breathable fabric that will serve you well year-round.

    Cotton comes in different weaves with characteristics that appeal to different people. The sheets highlighted above are sateen, which many favor for its softness. Percale has a crisp feel that softens with repeated washing. Flannel sheets will keep you cozy on cold nights and jersey sheets imitate a well-worn T-shirt. Keep in mind that a low-cost sheet probably won’t feel the same as it does in a store after it goes through the wash.

    Before you begin shopping, be sure to measure the height of your mattress -- as well as any mattress pad or topper you might use. Popular pillow-top mattresses call for fitted sheets with deep pockets. The sheets cited above measure 17 inches.

    One final tip: Don’t wash your sheets in hot water or dry them on high. That can weaken the fibers and fade the colors, sending you back to buy another set.

    More from Cheapism:

  • The doggone truth: Spending on pets is soaring

    Mike Segar / Reuters

    In these times of economic uncertainty, people are spending more than ever on the care and feeding of man's best, furry friend.

    The U.S. pet industry is set to rake in a record $53 billion this year, despite sluggish overall consumer demand, according to a report by brokerage firm ConvergEx.

    CNBC.com: Cutting-edge products for your pets

    “Even in a faltering economy, pet industry expenditures continue to accelerate,” strategists Nicholas Colas, Beth Reed and Sarah Millar wrote.

    “While people are putting off some other major ‘lifestyle’ changes, such as getting married and purchasing a home, they’re showing no signs of giving up man’s best friend.”

    CNBC.com: For the dog that has everything: concierge services

    Spending on pets stood at $37.3 billion in 2001 and has grown steadily since. This year, sales of pet products and services are expected to total $52.9 billion, a 42 increase over 2001.

    According to the report, the total lifetime cost of owning a small to medium-sized dog ranges from $7,240 to $12,700, and the lifetime cost of a cat ranges from $8,620 to $11,275.

    CNBC.com: Popular kids in high school tend to make more money, study says

    The report points out that since 2008, in particular, the cost of keeping a pet has surged above the rate of inflation.

    “While the price of pets themselves, as well as supplies and accessories are getting comparatively cheaper, the prices of vet and other pet services, and pet food, are all rising at a pace greater than the rate of inflation,” the strategists said.

    CNBC.com: Survey says: merry shoppers, shallow pockets

    The cost of pet ownership has risen by 11.7 percent since mid-2008, the strategists said, versus just 5.2 percent for the consumer price index.

    TODAY's Kathie Lee Gifford and Hoda Kotb chat about "PuppyGate," the unfortunate moment when KLG dropped a pup a few weeks ago on-air, and how that dog thankfully found a new home. The hosts also take a look at funny video of people falling.

  • Democrats love Google, Republicans prefer Chick-fil-A

    Justin Sullivan / Getty Images

    At least there is one thing we can all agree on, whether we are politically red, blue or purple.

    Americans don’t see eye-to-eye on politics, so why should it be any different when it comes to the brands we admire?

    Democrats and Republicans, as it turns out, see the world very differently in terms of brand perception, and the outlook is different still for independents.

    Democrats seem to love Google, for example, while the Internet search company fails to even break the top 10 list of Republicans' favorite brands, according to an annual ranking released Wednesday by YouGov Brand Index, a consumer research firm. 

    Republicans and independents both have a high opinion of the History Channel and Discovery Channel -- brands that are just not top of mind for Democrats.

    “Politics in the U.S. have become very personality-focused and we view brands as having a personality,” said June Cotte, associate professor of marketing at Western University in Canada said.


    “If a brand is seen as young and hip it may be more associated with (President Barack) Obama, who is seen as young and hip compared to (former Gov. Mitt) Romney,” Cotte said.

    News events also can have an impact.

    Chick-fil-A President Dan Cathy, for example, stirred up both criticism and support with his controversial comments against same-sex marriage. But those comments drove Chick-fil-A onto the top 10 list of well-perceived brands among Republicans for the first time. (The fast-food chain did not make the list among Democrats or independents.)

    Some brands also got a bounce after the two political conventions this year.

    The Democrats used the slogan “Osama Bin Laden is dead, General Motors is alive” during their convention, leading to a big bounce in perception for GM among Dems. Staples founder Thomas Stemberg stumped for Mitt Romney at the Republican’s convention, which helped garner the office supply chain a boost in ratings among Republicans.

    As for M&M’s, perhaps they started packing more blue candies than red into their iconic mix of candy-coated chocolates. The popular candies made their debut on the top 10 list for both Democrats and independents this year, while melting off the Republicans’ top 10.

    One brand that everyone seems to agree on is Cheerio's, which ranks in the top 10 for every political affiliation.

    Ted Marzilli, managing director for YouGov’s BrandIndex, said several brands, including Fox News, PBS and Chick-fil-A, have a particularly polarizing effect.

    While Fox News ranks as the No. 1 brand among Republicans, it ranks behind 1,084 other brands among Democrats.

    Similarly Chick-fil-A ranked No. 4 among Republicans and No. 1,076 among Democrats.

    And Romney seems to have chosen wisely in targeting PBS, which is ranked as the No. 9 brand among Democrats. Big Bird and friends rank as the No. 159 brand among Republicans. 

    Here is the top 10 list for all three categories of voters:

    Democrats:

    1. Google
    2. Amazon.com
    3. Cheerios
    4. Clorox
    5. Craftsman
    6. Dawn
    7. M&Ms
    8. Levi’s
    9. PBS
    10. Sony

     

    Republicans:

    1. Fox News Channel
    2. History Channel
    3. Craftsman
    4. Chick-Fil-A
    5. Johnson & Johnson
    6. Lowe’s
    7. Cheerios
    8. Clorox
    9. Fox
    10. Discovery Channel

     

    Independents:

    1. Amazon.com
    2. Craftsman
    3. History Channel
    4. Discovery Channel
    5. Google
    6. Clorox
    7. Lowe’s
    8. Johnson & Johnson
    9. Cheerios
    10. M&Ms

    Dana Macario is a Seattle-area writer, who likes Cheerios, especially the Honey Nut ones.

    In a recent poll, voters named the economy and unemployment the two most important problems facing the country, as millions of Americans struggle to pay bills and save money at the same time. TODAY financial editor Jean Chatzky reports on an average American family's struggle to save.

  • College degree is still worth it, despite soaring costs

    Over half of recent college graduates are jobless or underemployed, meaning their jobs don't fully use their skills or knowledge. This is prompting many to ask, is higher education really worth the cost? TODAY financial editor shares one recent grad's story and offers her own perspective.

    The skyrocketing cost of a college education and frustratingly low job prospects have more young Americans questioning the value of a higher education.

    Is saddling yourself with so much early in your career worth it?

    The simple answer is yes.

    A worker with a bachelor's degree will earn $2.3 million on average over a lifetime, according to the Bureau of Labor Statistics. Someone with a high school degree can expect to earn $1.3 million over a lifetime. That's a huge discrepancy. And it isn't shrinking. What I would say is that we have to be smarter about how we go about getting those college degrees.

    Here are three tips to help you get the most bang for your education buck:

    1. Shop for the best value in education
    A college degree is necessary, but spending $50,000 in private school may not be necessary. Shop for the best educational value that you can find. That means maximizing your quest for scholarships and grants, taking the time to fill out the FAFSA and other financial aid forms and looking long and hard at the sticker price. Look at less expensive alternatives like public and community colleges. Community colleges can be a fantastic deal, particularly if you get into a program where there are agreements in place with four-year schools to allow you to transfer in year three as long as you maintain a B average. You get the four-year degree at a much more affordable price. 

    2. Look for the most employable majors
    Go into college thinking about your job prospects when you come out.  Strongly consider choosing an employable major. Here are some areas of learning that may do well in the coming years:

    • Medical technician
    • Nursing
    • Education
    • Math & computer science
    • Engineering

    That being said, it is important to study what you're passionate about.  But you should keep in mind the rule of thumb that you should try not to borrow more than you expect to earn in your first year out of college. So think about what you're likely to do with that history degree and how much you're likely to make. A website like salary.com can help you do a little research.  And if staying within those boundaries means choosing a less expensive school, that's at least something you will want to think about before you matriculate.

    3. Make yourself the most marketable candidate
    Employers want to see real work experience on the resume, of the sort that makes you valuable to them.  It's about showing that you're serious about this field as a career -- and about making the contacts that can help you get that first job.

     

  • Wage gap starts right after college, research shows

    American Association of University Women

    New research shows the pay gap starts right after college graduation.

    The gap between what female and male college graduates earn may start as soon as new grads collect their first paycheck.

    A new analysis of government data finds that, on average, male college graduates were earning more than their female classmates just one year after graduation. The gap was persistent, although smaller, after controlling for factors such as choice of major and job.

    “Women are making progress, for sure, in education and in the workplace,” said Christianne Corbett, a senior researcher with the American Association of University Women and an author of the report. “But the pay gap is real. It’s still there. That’s what’s so confounding about it.”

    The AAUW took a look at what 2008 college graduates were earning one year later, in 2009. They found that on average, the female graduates who were working full time were earning 82 cents for every dollar their male peers were earning.

    The average salary for women was $35,296, compared with $42,918 for men.

    There are some factors that can at least partially explain that gap. Although more women are entering traditionally male-dominated fields, men are still more likely to pursue majors that can command higher paychecks, such as engineering and certain science fields, the researchers said.

    Meanwhile, women remain more likely to gravitate to lower-paying fields like education and health care.

    So the researchers controlled for factors such as what graduates majored in, where they went to college, what field they were working in, how many hours they worked and even their grade point averages.

    They found that even after accounting for all those things, the female graduates were still earning about 7 percent less than their male peers.

    “There’s good reason to believe that part of that unexplained gap is due to gender discrimination, and most of it is probably unconscious,” Corbett said.

    Francine Blau, an economist at Cornell who has studied the wage gap extensively, said there are things that can be done to narrow the overall wage gap, such as getting more women to go into math and science fields that pay better.

    Still, she said it’s also important to consider whether bias is to blame for the remaining 7 percent wage gap that can’t be explained by other factors. She noted that in the modern era, that doesn’t necessarily mean hiring managers are consciously deciding they should pay women less for the same work.

    “Discrimination doesn’t have to conscious and overt. It can be subtle and even unconscious,” Blau said. “As we’re seeking to reduce that, we should bear that in mind.”

    Blau said the 7 percent gap is likely smaller than it has been in years past.

    Still, she noted, there’s other evidence to suggest that the gender difference in pay will get bigger as these women get older.  It’s not clear if that’s because women choose different career paths, slow their career for family and child care responsibilities or face bias.

    “I’m guessing that if we could follow these women over the years, there’s a fair probability that the gap will widen,” Blau said. “But I think they’ll still be doing better than their predecessors.”

    The research comes as more women than men are going to college, and it’s becoming increasingly common for women to pursue traditionally male-dominated fields. But even when women choose the same major as men, they still may not be getting as fat of a paycheck in return, the new data suggest.

    Female business majors who graduated in 2008 were making an average $38,034 one year after graduating, compared with $45,143 male business majors.

    Similarly, female engineers were making an average $48,493 a year after graduation, compared with $55,142 for men.

    Wages were more likely to be equal for men and women who had majored in health care, education and the humanities.

    Corbett said one explanation for this difference is that women are less likely to be using the degree they earned. She said research has found that men who get an engineering degree are more likely than women to get a job that requires that degree.

    Other research has shown that women with science degrees are more likely than men to then take clerical or other administrative jobs.

    The researchers also found that the wage gap was much wider for men and women who attended private, nonprofit universities than for those who attended public universities.

    In general, women who work full-time, year-round earned 77 cents for every dollar a man earned in 2011, according to the latest Census data released last month. That gap has been relatively stable for years.

    Other government data also has shown that women tend take home less money each week even when they are doing the same job as a man. For example, the median weekly earnings of a female medical scientist was 77.6 percent of the median weekly earnings for a man in the same field, according to Bureau of Labor Statistics data from 2011.

    Related:

    Women face stubborn wage gap as wages fall for everyone

    Amid recession, an uptick in wives ourearning their husbands

    More women seeking MBAs but pay gap persists

  • Best candy to hand out on Halloween? The Internet has spoken!

    featurepics.com

    Ahhh, good ol' candy corn: Love it or hate it, the iconic Halloween treat is the most-searched-for sweet on Google.

    In the realm of trick-or-treating, apples are lame and Necco Wafers are even lamer. (What are those things, anyway — sugared cardboard?)

    So what should you hand out to trick-or-treaters to assure your house doesn't land on the egging list? We've consulted the Internet and some candy stores in order to help you hand out the treats children want.

    Based on sheer volume of Facebook likes, Skittles are the most popular candy, with 23.55 million people giving it the thumbs up. Starburst (11.5 million likes), Reese’s Peanut Butter Cups (10 million likes), Kit Kat (9.4 million likes), and Twix (5.16 million likes) round out the top five most drooled-over treats on Facebook.

    Google searches also shed light on people’s sugary cravings and curiosities. Candy corn, Gummy Bears and Snickers are the top three most-searched-for sweets overall. Interestingly, trick-or-treaters in Colorado might enjoy their Halloween hauls more because residents there really research their candy — the state boasts the highest number of Google searches for Halloween treats.

    Californians should be prepared to bring home lots of organic candy because that state ranks highest in Google searches for such healthy treats. And kids in Washington should brace themselves: their state has the highest number of Google searches for sugar-free candy.

    featurepics.com

    Internet searches and Facebook likes indicate what sorts of treats are on people's minds this Halloween season.

    Kristi Holmes, owner of The Confectionery in Seattle, said she doesn't think the Google search results accurately depict what Washingtonians want: “We do have sugar-free [candy], but it is more people who are diabetic and who are eating sugar-free [and low-carb diets] who buy it.”

    Holmes noted that candy corn remains one of the most popular seasonal items at her store. “Our store sells almost 600 pounds [of candy corn] in two months,” she said.

    Meanwhile, chocolate-loving Ohio residents search for candy bars more often than people in other states, while Wisconsin residents tend to search for gummy worms and North Carolina residents love researching jelly beans — a year-round favorite across the country thanks to gourmet options.

    “We've had a ton of people come in for the Jelly Belly [candies],” said Hailey Buehler, an employee at Blickenstaff's toy and candy store in Provo, Utah. “The orange has been quite popular and other fall colors, as well.”

    Want another reliable way to predict treat trends? Consider the weather. The worst U.S. drought in more than 50 years has caused the price of corn oil and high fructose corn syrup to spike this year, increasing candy costs by about 3 percent from last year — so it should be no surprise if the kids’ Halloween plunder looks smaller on Oct. 31. And forget about handing out apples or enjoying a glass of apple cider; apple prices have increased between 20 and 30 percent over last year.

    Here are the full lists of popular candies on the Internet this year:

    Facebook results for candy
    Here are the top 10 most-liked treats on Facebook:

    1. Skittles, 23.55 million likes

    2. Starburst, 11.5 million likes

    3. Reese's Peanut Butter Cups, 10 million likes

    4. Kit Kat, 9.4 million likes

    5. Twix, 5.16 million likes

    6. Snickers, 4.8 million likes

    7. M&M'S, 4 million likes

    8. Sour Patch Kids, 3.89 million likes

    9. Life Savers Gummies, 3.28 million likes

    10. Hershey’s Kisses, 1.97 million likes

    Google results for candy
    The top 10 hottest candy searches on the Google search engine are:

    1. Candy corn

    2. Gummy Bears

    3. Snickers

    4. M&M’S

    5. Reese's

    6. Milky Way

    7. Twix

    8. Lollipop

    9. Twizzler

    10. Peanut M&M'S

    What's your all-time favorite Halloween candy? Tell us in the comments!

    More:

    TODAY diet and nutrition editor Madelyn Fernstrom gives a lesson on Halloween candy, sharing five fun facts, including the most popular candy and which candy does not cause weight gain.

  • Credit report errors holding you back? A new place to complain

    It's open season on the nation's largest credit reporting agencies, as the Consumer Financial Protection Bureau is now accepting complaints about Experian, Equifax, Trans Union and similar firms.  The bureau also says it will offer "individual-level" assistance for consumer who say they have a hard time getting errors fixed in their credit reports and credit scores.

    The credit agencies, also known as credit bureaus, have attracted complaints from consumers for some time.  Numerous studies have shown the reports are full of errors -- in part due to high incidence of identity theft -- and that those errors can stand in the way of consumers trying to get home loans, auto loans, and much more. In 2011, there were 18,818 complaints filed by consumers against credit bureaus with the Federal Trade Commission, which formerly had regulatory authority over the bureaus.


    "Credit reporting companies exert great influence over the lives of consumers. They help determine eligibility for loans, housing and sometimes jobs,” said CFPB Director Richard Cordray. “Consumers need an avenue of recourse when they feel they have been wronged.”

    Consumers who wish to file a complaint with the bureau must first go through the standard dispute process established by each firm. If the dispute remains unresolved, consumers can complain to the bureau about incorrect information on a credit report; the results of a consumer reporting agency’s investigation; the improper use of a credit report; being unable to get a copy of a credit score or file; and problems with credit monitoring or identity protection services.

    Consumers may file complaints at the bureau’s website.

    Complaint handling is one of the core missions of the bureau, which was created as part of the controversial Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The agency started collecting consumer complaints about credit card issuers in 2011, and has since added student loans, mortgages and other bank services.  The bureau added credit reporting agencies to its regulatory portfolio last month.

    Consumers who are frustrated by credit reporting agencies can still complain to the Federal Trade Commission, but that agency does not generally get involved in settling individual disputes.

    * Follow Bob Sullivan on Facebook.

    * Follow Bob Sullivan on Twitter.

  • 4 things you should know about saving your money

    In a recent poll, voters named the economy and unemployment the two most important problems facing the country, as millions of Americans struggle to pay bills and save money at the same time. TODAY financial editor Jean Chatzky reports on an average American family's struggle to save.

    An hourglass figure may be desirable, but it’s not a good look for an economy.

    “The middle is getting squeezed and people are moving up and moving down but staying in the middle is pretty difficult,” said David Kelly, an economist for JPMorgan Funds.

    And this “hourglass economy” is taken its toll on savings accounts.

    About 49 percent of Americans say they are unable to contribute to a retirement plan, according to a survey conducted earlier this year by LIMRA, a financial services industry trade association.

    But saving for retirement is not something to be ignored. You have to start somewhere. Here are four tips for those of you struggling to put money away for your golden years.

    1. Save before you spend


    If you're not doing it now, you have to find a way to save and the best thing you can do to help yourself is automate.  If the money lands in your checking account and you see it on your ATM receipt, it's too easy to find some "need" to spend it on.  Arrange for it to be swiped out of your checking account before that happen and put into an IRA or other savings account.

    2. Prioritize your savings

    • Emergency fund first: If you've heard it once, you've heard it a hundred times. You need at least six months of living expenses - in cash - just in case. When you first start to have money to put away, it's important to fill up this bucket first. That way, you have cash to fall back on when the roof leaks or the computer breaks and you don't have to reach for the credit cards. Put this money in a boring old savings account, where you may not earn much interest but you can get at it if you need it.
    • Matched contributions: After you satisfy your emergency needs, you can start putting away money for other, longer-term goals. Any money that gets matched comes next on the list for the obvious reasons - the returns are big, instantaneous and guaranteed. You're most likely to get your hands on these through your retirement plan at work, like a 401(k). Another place you may see matching dollars is your state's 529 plan, which is a retirement savings tool. It's rare, but not unheard of, particularly for lower income residents: Colorado's Direct Portfolio College Savings Plan offers a dollar-for-dollar match of up to $500 for lower and middle income residents. Kansas has a similar program, matching contributions above $100 and up to $600 per year.
    • Tax-advantaged accounts: Once you've maxed out your ability to grab matching dollars, saving in tax-advantaged accounts is your next best move. Some of these offer you a tax break for putting the money in - as with 401(k)s, traditional IRAs, some 529s. All let the money grow tax-deferred while it's in the account. And the Roth IRA, though you are taxed on contributions, lets the money grow tax free forever and doesn't require you to start taking it out at a particular time. All are great advantages when it comes to growing your savings.
    • Discretionary accounts: So what happens when you've funded your emergency cushion, grabbed all of your matching dollars, maxed out your ability to contribute to retirement and other tax-advantaged accounts, and still have money to save? By all means, save! If we're talking about money for a short-term goal, put it into an account where you won't lose it (that means no stocks) and you can access it when you need it (no long-term CDs). If it's for retirement or something else further down the road, put it in a brokerage accounts and buy some mutual funds that give you the opportunity for growth.

    3. Set a realistic savings percentage per month

    Start by saving 2 percent per month. It will force you to cutout the small things that you probably won't notice. Avoid a "crash diet" savings approach (setting unrealistic goals just like some people do with food) in order to guarantee long-term savings success.  Almost ANYONE can save 2 percent.

    In the long-term, aim to save 10 percent to 15 percent per month, but you can't start there. Start small and up it as you go along.  Something is better than nothing at all.

    4. Save when you can

    When you find yourself with some extra cash, don't go out on a shopping spree.  Resist the urge to spend it all.  You never know what the future may bring. 

    More information:

     

  • Credit card rule change to aid stay-at-home spouses

    Holly McCall couldn’t believe her application for a credit card was denied.  She’d never been turned down for credit before. And why should she? Her husband has a stable income and she has an impeccable credit score.

    This stay-at-home mom of two, who lives in Vienna, Va., didn’t qualify because she didn’t have any personal income.

    “It was demeaning to learn that I would need my husband’s permission to get a credit card,” she said. “I was not just disappointed and embarrassed, I was angry.”

    Like many other stay-at-home spouses, McCall was being penalized by unintended consequences of the Credit Card Accountability and Responsibility Disclosure Act of 2009. The CARD Act requires credit card companies to determine if an applicant can make the necessary payments. This was meant to protect students and young adults from getting deep into debt.

    Based on the CARD Act, the Federal Reserve issued regulations that credit card issuers should only consider the individual applicant’s income or assets, not the household income (as had been done in the past) when deciding whether to approve the application.

    McCall wanted those rules changed. She worked with MomsRising.org to petition the Consumer Financial Protection Bureau (CFPB), the new federal oversight agency, to change the rule. More than 45,000 people signed her online petition.

    Last week, the CFPB proposed a rule change that would allow credit card applicants who are 21 or older to rely on third-party income if they have “a reasonable expectation of access” to that money.

    “When stay-at-home spouses or partners have the ability to make payments on a credit card, they should be able to obtain a card in their own name,” said CFPB director Richard Cordray in a statement.

    If approved, the proposed rule change could give more than 16 million married people who do not work outside the home easier access to credit cards.

    “This is a big deal,” said Kristin Rowe-Finkbeiner, executive director and co-founder of MomsRising. “Having stay-at-home parents not being able to build an independent credit history is a problem. This means people who are working at home in unpaid labor are now again able to get credit and not be left out of our consumer society where credit cards are often used.”

    The CFPB’s proposed rule change is supported by the American Bankers Association. In a statement, Kenneth Clayton, the association’s vice president of legislative affairs, called it “the right thing to do.” It also has bipartisan support in Congress.

    Rep. Carolyn Maloney, D-N.Y., the principal author of the CARD Act, said she is pleased with this “common sense” clarification. “It’s recognition of how modern families truly work,” she said in a statement.

    Rep. Louise Slaughter, D-N.Y., ranking member of the House Committee on Rules, said this is “crucial for women who are trapped in dangerous, abusive relationships who have far fewer options if they lack an independent credit history.”

    Holly McCall told me she is “thrilled” with the CFPB’s proposal and “amazed” at how quickly the agency responded to her petition

    “This is a victory for all stay-at-home-parents,” she said.

    Herb Weisbaum is The ConsumerMan. Follow him on Facebook or visit The ConsumerMan website.

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  • Generation X now most worried about retirement, survey finds

    Generation X is getting more worried about retirement.

    A survey released Monday shows that Americans aged 35 to 44 are now the most worried about financing their retirement, a stark turnaround from 2009, when people in that age group were among the least worried about money for retirement.

    The survey, from Pew Social and Demographic Trends, appears to reflect the lasting impact of the long economic downturn: In general, people of all ages are more pessimistic about retirement than they were three years ago, the researchers found.

    About 38 percent of the more than 2,500 people Pew surveyed said they are not that confident they have enough income and assets for retirement. That’s up from 25 percent in 2009, when the nation's economy officially came out of recession.

    Pew Research Center

    Gen X has grown the most worried about retirement.

    The Pew report found that 49 percent of those 35 to 44 were either not too or not at all confident that they would have enough money to live on in retirement, compared with just 20 percent who had that concern in 2009.

    The Pew researchers said one reason the Gen-Xers may be feeling doubtful about retirement is that they are less likely to have retirement accounts. The percentage of people ages 35 to 44 who have a retirement account has fallen 9 percentage points between 2001 and 2010, to 52 percent, according to Pew's analysis of government data.

    Gen X also may be feeling gloomy because they’ve lost so much wealth in recent years.

    A Census Bureau study released a few months ago found that those in the 35-44 bracket experienced the biggest percent decline in median household net worth between 2005 and 2010.

    Median net worth for those households declined 59 percent during that period, from $80,521 in 2005 to $33,200 in 2010. The figures are adjusted for 2010 dollars.

    The Census Bureau report also found that 45- to 54-year-olds saw the biggest hit in terms of actual dollars lost during between 2005 and 2010.

    People in that age group also are feeling much more pessimistic about retirement than they were three years ago, the Pew researchers found.

    About 43 percent of 45- to 54-year-olds said they feeling less than confident about their chances of having enough to live on in retirement, compared with 33 percent who felt that way three years ago.

    The most optimistic group were people over age 65, but even they have grown more antsy. About 28 percent of people who fall in the traditional retirement age window said they were not very confident of having enough retirement savings to live in, compared with 19 percent who felt that way three years ago.

    Related:

    Gen X may have taken biggest hit in economic downturn 

  • Treat or trick? Halloween costumes at work

    With political campaign season well underway, it's no surprise that the most in-demand Halloween masks of the season are President Obama and Governor Romney. The TODAY anchors reveal another surprise hot-seller of the season.

    Is Honey Boo Boo from the reality TV series

    Halloween has stopped disguising itself as just a kids' holiday. The National Retail Federation says Americans will spend nearly $8 billion this year on everything from scary décor to candy — and costumes for the whole family. Nearly half of adults say they plan to dress up, which means there are a lot of people either giddily anticipating or dreading going to work that day.

    People in the pro-costume camp say that aside from the fun factor, there actually can be some legitimate career benefits to dressing up like a shambling zombie.

    “I’m very into Halloween,” said Dana Pollati. As a digital developer for a publishing company, Pollati said only a few of the roughly 1,000 people in her building wear costumes. Pollati and her husband, who work at the same company, have started what she calls a tradition of over-the-top getups like black-and-white movie zombies and Lego versions of Jersey Shore characters.

    The costumes attract a lot of attention, which Pollati said yields unexpected networking benefits. “I’ve met a lot of people that way,” she said, since colleagues and even higher-ups are eager to introduce her to workers from other departments she otherwise wouldn’t be likely to meet.

    In some offices, people say they appreciate the camaraderie of dressing up as, for instance, a reality-show star. “I think for the team as a whole... it's a good culture thing,” said Corey Beale, a sales manager at software company Hubspot. He said the company’s annual costume contest is a good chance for workers to exercise their creativity in a different way.

    Two years ago, Beale said he dressed as “The Situation” from the reality show Jersey Shore, with gelled hair, an oversized necklace and a dark spray tan. “It felt really strange being dressed like that on the bus” and getting strange looks from other commuters, he said. “I felt really awkward.”

    Beale said his trip into work was probably less awkward than that of a (male) colleague who came into work dressed as Snooki, with a trucker hat and voluminous black wig, plus a fat suit that incorporated a bikini.

    While an employee wearing a fat suit in drag may all be in good fun at one office, it can be a real-life horror story for human resources at another, said Amy N. Letke, founder and CEO of consulting company Integrity HR.

    “It’s always concerning because we live in a time when every employer has to be thinking about a respectful workplace,” she said. “It gets out of hand so fast.” One person’s idea of funny may be offensive to their colleague in the next cubicle, especially if the costume touches on race, religion or politics.

    There's also the minefield of revealing costumes. Letke said that even in a festive atmosphere, people need to keep factors like hemlines and necklines in mind. “The sexy costumes are the things that just can create huge problems” because an eyebrow-raising Catwoman outfit can torpedo the wearer's professional credibility.

    “These things don’t just last for one day,” she said. “The impression can last for a long time.”

    Costumes that elicit an "oh-no-they-didn't" moment from co-workers aren't limited to the overly risqué numbers, either. Tilmon Brown, a former imaging company salesperson, remembers a Halloween when a co-worker came dressed as a feminine hygiene product.

    “He put on a pair of gray long johns and then he took a cardboard tube and cut arms in it ...and then he took the top and filled the top with cotton and had a string hanging out the back,” Brown said. "There was no doubt as to what he was," especially since the colleague painted “Tampax” on the cardboard.

    “I think he thought everybody thought it would be hilarious ...After he walked in, he realized it wasn't a good idea but at that point he was too far in,” Brown said. The man was so sure his costume would be a hit that he didn’t bring a change of clothes, so after a few hours of fielding complaints from offended employees, management sent him home to change.

    “A company opens themselves up for whatever when they have a company-sponsored costume event unless you lay down some rules,” Brown said.

    If you don't tell them what the rules are, they’re never going to know," Letke said.

    Trevor Villet, creative director at marketing company PlanIt, is one example of a person who took his employer's permissive attitude toward costumes to the extreme.

    "Two years ago, I was a turd," he said. "I was head to toe, complete with corn — it was actually styrofoam — and pipe cleaner flies."

    Villet, who had come in a relatively run-of-the-mill costume as the singer George Michael the previous year, estimated it took him about a week to assemble his gross-out creation, which involved long underwear, brown fabric dye and a lot of brown fleece.

    His managers didn't reprimand him, Villet said, but the response from colleagues and other professionals who also had offices in the building was another story.

    "I bought one of these fart machines and I hid it in the fabric, and just carried it with me," In the morning, Villet rode what he described as a "packed" elevator to his office, accompanied by a woman who worked with him. "I sort of nonchalantly hit the button and let it go,” embarrassing the colleague who had to exit the elevator with him. "I love putting people in awkward situations," he said.

    A stunt like Villet's would probably be scarier than any ghost or ghoul to someone like Mary Baier, a former manager at at community bank who now has her own financial services practice. “My whole thing on the Halloween dressing up was that it was not professional,” she said. As one of the few outliers in a heavily pro-costume workplace, Baier said many of her co-workers called her a “nerd” and teased her. 

    Going to the boss wasn’t an option, either. “My department head would say, ‘Get with it, we need to let our customers see our hair let down,' ” she said. “I guess I was called a party pooper.”

    Things got so bad, Baier said, that she resorted to taking vacation days on Halloween just to avoid the needling. “I hated it so much.”

    Letke said it hurts morale when a worker feels implicitly or explicitly mandated to wear a costume against their wishes. “Peer pressure is so intense,” Letke said. “Some people may be very self-conscious about what kind of costume they wear because it has a lasting impact."

    Do you wear a costume to work on Halloween? Tell us about it on Facebook

     

  • How employers make it hard to find good workers

    Getty Images stock

    If I make my resume eight pages long, and include 100 keywords, maybe I'll get noticed!

    There are about 12 million unemployed people in the United States, and yet many employers will tell you that one of the biggest problems they face is finding qualified workers.

    That's sure to leave many Americans - and particularly unemployed Americans - scratching their heads.

    Researchers will tell you the gripe actually has merit in some fields, such as highly skilled manufacturing.

    But as the job market slowly recovers, many also are pointing their fingers back at employers, who they say have become overly choosy and too reliant on technology that won't always spot the best candidate.

    Rusty Rueff, a career and workplace expert for the company information website Glassdoor, calls it the “arrogance of supply.”

    “(Employers have) become pickier and pickier and pickier, and what’s happened is all the technology has allowed you to become even more stringent, to a fault in some cases,” Rueff said.

    Anyone who's looked for a job in the past few years knows exactly what kind of technology Rueff is talking about. Most companies now rely on automated systems that scan resumes for keywords, automatically weeding out people who don't list a certain education level or an experience with very specific technologies.

    The resume scanners do have benefits for both employers and jobseekers, however.

    In such a tight job market, some companies may get 1,000 applications for a single job opening, said John Sullivan, professor of management at San Francisco State University. The prospect of actually reading all those resumes is mind-numbing, and a computer that screens applicants is preferable to even more haphazard systems.

    Sullivan said he's known of managers who only looked at resumes that came in on colored paper, or rejected those he didn't believe were stapled correctly. By comparison, scanning for keywords is much more precise.

    Still, even Sullivan admits that submitting your resume electronically is virtually useless unless you know how to work the system and find other ways to get an edge.

    “We call it the black hole,” he said.

    To get noticed these days, Sullivan said he recommends that people write pages-long resumes that include virtually every keyword in the job description. But even then, he says, you may never get flagged unless you can use your networking skills to connect with the hiring manager in another way.

    That's because automated screening systems won't necessarily spot even the best candidate, and not all managers are checking them thoroughly.

    Brandi Britton, district president for the temporary services and recruitment firm OfficeTeam, said it’s all too common for outside recruiters to identify a candidate, only to find that the candidate applied through the company's system but then fell through the cracks.

    “Companies need processes to keep track of their applicants, but sometimes those processes are what’s preventing them from finding (candidates) in the first place,” Britton said.

    It's especially tough for people who have the bigger uphill battle of convincing an employer they can do a job even though they may not have one of those keyword requirements, like a college degree.

    Russ Wichelman, 60, has been looking for work since last November, when he lost his job as a engineering and programming manager for a manufacturing company.

    Although he has 30 years of experience in the field, Wichelman fears he isn’t being considered for some jobs because automated resume screeners are often looking for a college degree. That’s something the Royse City, Texas, resident doesn’t have.

    “It doesn’t matter if I’m qualified or not. It’s like, the degree. If (you) don’t got it, they aren’t talking to you,” he said.

    In the past, Wichelman said he would often physically go to the potential employer to fill out an application and hopefully get a foot in the door. But these days, he said, even that doesn’t help.

    “Now I go to places and they say, ‘No, you have to go online and such and such a website and apply on there,'” he said.

    Ioana Elena Marinescu, assistant professor of economics at the University of Chicago, has for several years been working with the jobs site CareerBuilder.

    One thing that surprised her is that jobseekers typically apply for employment that does fit their skills. That could debunk the idea that many people are flooding the system with resumes in the hopes of getting a hit.

    Still, she said, that doesn’t mean that employers and employees are doing a great job finding each other.

    One issue is that companies - knowing the unemployment rate is so high - may write a job description that is so detailed and arduous that almost no one would be qualified for the job. She said CareerBuilder actually offers a tool that can show a company whether anyone in their system could match the qualifications, to help avoid that problem.

    “Some employers seem to feel that because the labor market is the way it is, all of a sudden they can be super demanding,” Marinescu said.

    For example, an employer may think they need to find an employee who has a whole bunch of skills, such as knowledge of several programming languages. In reality, they might have an easier time finding an employee if they focused on just one of those programming skills, and planned to train the worker in the others.

    But many employers these days see training as a last resort, believing that they shouldn't have to spend money on training when there are so many unemployed people out there who are desperate for a job.

    That means the onus is on jobseekers to either train themselves or to work hard to convince the employer that they can learn fast.

    Matt Youngquist, president of the Bellevue, Wash.-based consulting firm Career Horizons, said employers these days are much like consumers: They want things cheap, quick and perfect.

    “They want someone who can come in on day one and produce results with very little or no training, and there are not many candidates who can do that,” Youngquist said.

    The tight job market also has made employers demanding in other ways. Britton said companies also risk losing candidates because they are taking so long to decide who to hire. Many applicants are now subjected to multiple interviews, tests and screens - and the best ones may move on before the company has made a decision.

    Another barrier: Salaries. Britton said many employers think they can offer lower salaries because of the weak economy, but that can backfire in fields where workers are in higher demand.

    “There is a bit of an unrealistic idea of what an employer can get for what they sometimes want to pay,” she said.

    Researchers say there are some good explanations for the problem. In the past five years, many people who worked in fields like construction or manufacturing have lost their jobs, while fields like health care have seen some of the strongest growth. It’s no surprise that it’s tough for someone with a background in construction to get a job as a nurse.

    Although they may gripe about employer practices, experts say the truth is that it’s still a buyer’s market. That means employers have little incentive to change their practices, and jobseekers need to learn to adapt.

    Youngquist, the career coach, recommends that jobseekers have multiple resumes that are tailored to specific jobs, so they are more likely to make it through electronic screens. They also may need to be flexible about things like salary and hours, especially if they are currently unemployed.

    But, he said, jobseekers also need to realize that they should be spending less time on the resume and more time on the good, old-fashioned networking that is so often the key to landing a job.

    For many people, that means becoming more of an extrovert and a sales person than they are naturally comfortable with.

    “Talent is only half the battle,” he said. “Self-promotion is the other half."

  • Hillary Clinton has a few things to say about whining

    Mark Wilson / Getty Images file

    Hillary Clinton

    Don’t even consider whining about or lamenting Hillary Clinton’s decision not to run for President in 2016 – she can’t stand whining.

    The November issue of Marie Claire features an article with Secretary of State Hillary Clinton which highlights that she’s leaving her post in January and says she won’t be making another run at the White House. 

    "I can't stand whining," Clinton told Marie Claire. "I can't stand the kind of paralysis that some people fall into because they're not happy with the choices they've made. You live in a time when there are endless choices ... Money certainly helps, and having that kind of financial privilege goes a long way, but you don't even have to have money for it. But you have to work on yourself ... Do something!" 

    According to the New York Times, Clinton was responding to a question from the article's author, Ayelet Waldman, referring to J.D. Salinger's seminal book about teenage angst, "The Catcher in the Rye." The book's main character, 17-year-old Holden Caulfield, is one of the most enduring characters in American literature, partly because he is a symbol of teenage rebellion and disenchantment with becoming an adult. He is a child of privilege who is lashing out against the conventions of the grown-up world he is about to enter.

    While Clinton may have a problem with privileged people whining about their choices, she does believe that workplaces should try to be flexible and accommodating for women. 

    "It's important for our workplaces ... to be more flexible and creative in enabling women to continue to do high-stress jobs while caring for not only children, but [also] aging parents," Clinton said in the Marie Claire interview. 

    Clinton has shown that, when it comes to motherhood and a successful career, some women can have it all. But, she acknowledges that it’s not without sacrifices. “I have been on this high wire of national and international politics and leadership for 20 years," Clinton told Marie Claire. "It has been an absolutely extraordinary personal honor and experience. But I really want to just have my own time back. I want to just be my own person. I'm looking forward to that." 

    For now, it appears that Clinton won’t be our first female president, but she does hope to see that happen. “I hope to be around when we finally elect a woman president. That would be a great experience for me, to be up there cheering," she said. 

    Dana Macario is a Seattle-area writer.

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  • It's suddenly cool to be a cheap date

    A lackluster economy plus ubiquitous mobile technology are behind a surprising date-night trend: More than a quarter of people say they’ve used a coupon to pay for a first date.

    A survey conducted by Harris Interactive for CouponCabin.com found that 26 percent of people have brought a coupon to a first date. A voucher or discount code is no third wheel, though; 26 percent also said they would react positively to a coupon-financed first date, up from 18 percent last year.

    Nearly three-quarters said that using a coupon wouldn’t prompt them to walk out or deter them from seeing the person again. Only 1 percent of people said they’d walk out on a date who proffered a coupon, while 3 percent would vocalize their displeasure and another 12 percent would keep quiet, but turn that first date into a last date.

    “After the past recession and with the recent state of the economy, people definitely have to start educating themselves on how to save money and do what they can to put some extra money in their pockets,” said Jackie Warrick, president of CouponCabin.com. “It’s definitely become a part of people’s everyday life and it’s not seen as taboo.”

    According to the survey, 49 percent respondents said they’re more likely to use a coupon on a date because of the economy. (The survey was conducted on a random sampling of more than 2,300 adults, not necessarily CouponCabin users, which might have skewed the results pro-coupon.)

    More than seven out of 10 respondents said it’s okay to use a coupon on a date anytime, while 37 percent said it’s acceptable for married couples and 31 percent said students can get away with pulling out a coupon when it’s time to pay. Only 4 percent said it’s “never” acceptable to use a coupon “on any kind of date.”

    While the economy is the catalyst, the growing use of smartphones is what makes date-night couponing so prevalent, Warrick said.

    “With the rise of digital and mobile technology, people can access coupons on their phones on the go,” she said. Technology makes it possible to use coupons without pre-planning: Merchants use location-based services like Yelp and Foursquare to push offers to people in the area, and mobile apps mean it’s not necessary to print up a paper coupon or gift certificate at home.

    The ubiquity of daily deal sites like Groupon.com and LivingSocial.com, which frequently offer discounts on date-friendly activities like bike rentals and sunset cruises, also contributes to the growing acceptance of cut-rate dates, Warrick said. “It’s definitely allowing people to get out there and do more.”

    But you don’t need to take your date rock-climbing. Couponing has been incorporated into that old standby of dinner and a movie, Warrick said. Sites like Fandango and Restaurant.com let restaurant and movie theater operators reach customers who want a traditional night out without breaking the bank.

    Rather than viewing a coupon as the mark of a cheapskate, Warrick said it’s actually a desirable quality to display on a date in these economic times. “It definitely conveys that you’re smart with your money,” she said. 

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