rescue plan. a lot misunderstood that. >> poppy harlow, good to see you. we'll see you from there. thanks so much, poppy. this afternoon more of my face-to-face conversation with chris gardner whose life and book inspired the will smith movie "pursuit of happyness." he'll be talking about parenting in particular, some harsh lessons he tried to convey to his kids. he's got guidance for you, too, whether you should be treating your kids the same way. 3:00 eastern time he'll be back with us face-to-face, talking about the impact of the movie and impact of the relationship that he had with the star will smith. all that straight ahead. i'm fredricka whitfield. "your $$$$$" is up next. >> two weeks until the midterm election, change could be coming to washington. will it change the course of this economy. i'm ali velshi, welcome to "your

$$$$$." the polls likely to gain conditioningal seats, maybe take control of both houses. voters are split, however, whether a gop-led congress would move the economy in the right direction. 47 say yes, 49 say no. look at the democrats. 56 say the democrats won't move the economy in the right direction. christine romans joining me now. it seems republicans if they win in the midterms will help the economy, voters think. realistically what changes. >> nothing changes right away. it takes a long time to enact policy and repeal legislation. they are going to repeal health care reform. every kind of legal and congressional expert there is say that would be virtually impossible, if they could actually do it. the other thing is what do the american people think. i think they are basically saying they don't want the economy to be like it is right now.

that's what they are saying. they don't know who can fix it. >> the question asks if it will move the economy in the right direction. a lot of dispute as to what the right direction is, positive, growth, higher markets, home prices, more jobs, unclear how we get there. candy crowley, chief political correspondent, anchor of state of the union. candy, take a look at this poll, last october, 57% of americans believe president obama had done a better job than president bush this. this was october of 2009. take a look at the tremendous shift now. voters almost equally split on whether bush or obama has been a better president. does this mean voters have fully transferred owner of policy from last administration to this administration? >> not fully. we do other polling showing most people still blame the bush administration for the current state of the economy but that number is falling as well. what you're seeing is ds

satisfaction with, a, how long it's taking to get the economy back on track. or b, policies the president put in place to try to do that he is increasingly being seen as responsible for the economy, but being responsible for the economy for the last year and a half as opposed to how we got into it. >> all right. well, one group that would like to associate this administration and president obama with the bad things that have been happening in this economy is the tea party. to some degree they have had success with that. but there are issues with that jim ellis, the assistant managing editor of bloomberg business week. the cover story this week attempts to explain why business, why the world of business does not trust the tea party. what did your reporters find. jim? >> we found even though a lot of business people, even most business people, consider them to be republicans and fiscally conservative. they are worried about some things the tea party is against. they don't like the notion a lot of tea party advocates want to

get rid of the federal reserve. a lot of business people think will throw the financial system into turmoil. a lot want to get rid of health care reform, which a lot have invested in. a lot of tea party people want to get rid of subsidies. washington is a place business feels like it can maneuver. doesn't want to get arrived tax breaks and things that will help them. they are worried this is a mad as hell kind of thing that can get out of hand. >> clear up for me where business stands on washington. on one hand the tea party has libertarians, people that don't think there should be too much regulation. there are some people that don't think there should be a fed either. the reality is some business likes that. we hear president obama is too cozy with wall street. then we hear president obama is too anti-business. collectively what does the business community feel has the best interest at heart. >> it depends which part you're

looking at. it's not monolithic. a lot turned on by tea party tend to be small businesses and entrepreneurs. big business has a lot invested in current system of regulatory agencies and the long-term view of what's going to happen. businesses hate uncertainty and therefore really terrified about the notion of what could be sort of economic anarchy that comes when you don't know what's coming from washington. candy, i want to ask about the federal reserve. on friday federal reserve chairman ben bernanke spelled out the threat of something we're beginning to understand, a jobless recovery. here is what he said. high rates of unemployment, especially long-term unemployment impose a very heavy burden on unemployed and their families. more broadly, prolonged high unemployment would pose a risk to consumer spending and, hence, to the sustainability of the recovery. he's certainly learned to speak in a way people understand. he's saying something we know,

until we get significant job growth, how does this administration, president obama out there tout economic recovery as a victory without appearing to be entirely out of touch with the reality so many americans are feeling. >> he can't. he's tried to thread that needle and it's been really difficult. you see sort of this, well, but we've had however many months of growth in the private sector. but it's like 64,000 or 35,000. it's never a big hefty number, 250,000, 300,000. people say we need to just keep afloat with the new people coming into the market. i'll tell you something else. there have been democratic strategists who put out a memo saying stop talking about economic recovery. stop saying the economy is getting better because it tends to drive people toward republicans. they are getting that message. what you're seeing now, you don't hear that much anymore. you're hearing about outside money in politics, that kind of things that stirs up the base.

christine in fairness, none of us are running for anything. in fairness, there are a lot of indicators out there that suggest slow and steady possible recovery. still low interest rates, still a good deal to buy a house in most markets, seeing an increase in property prices over the last year, remarkable returns on the stock market, an increase friday in consumer confidence and retail spending. dollar lot of things on the positive side of the ledger. >> two things people feel, job and house. those two things haven't improved. theyoit weigh almost everything else. where people are seeing improvements, ali, it's companies. a great snapback for corporate profits but they are sitting on cash. they are having discussions in board rooms whether they should be buying back shares or giving a dividend to investors, not necessarily whether they should be hiring people.

the things people feel haven't turned around. on the recovery front, yes, there has been a recovery. we know there's been a recovery. even the fed concerned that recovery now is slowing. even that recovery is slowing trying to figure out who fight that and how quickly and how exactly to do it. >> the "weekend now" and october 16, 2008, two years ago, there's credit available today and companies have money but more people are unemployed. that's the difference. christine, candy, jim, stay right where you are. voters clearly eager for a change, less clear on what they want that change to be. is it possible things are already turning around? a conversation i just started with christine, we're going deeper into that when i come back. sure i'd like to diversify my workforce,

i just wish that all of the important information was gathered together in one place. [ printer whirs ] done. ♪ thanks. do you work here? not yet. from tax info to debunking myths, the field guide to evolving your workforce has everything you need. download it now at thinkbeyondthelabel.com.

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we are getting more government jobs. stock are up. they were up in all 2009. they are up again in 2010. retailers just reported strong sales. i have to say i think that poll feels accurate. there's a percentage of people unemployed in the country. for them all the statistics mean nothing. for closed upon, they mean nothing. a lot of people saying there is an opportunity here and this economy might be stabilizing. >> there's an opportunity. you see in census numbers for 2009 was a year when you had a big expansion of income gap. people in the top end starting to make moves. they are starting to make moves with money and businesses. people on the bottom hand are slipping further below and people in the middle are just trying to stay where they are. we look at the polls and i think there's paralysis. two years into this we're getting a little numb. we know the recession is over. it's not getting better, hopefully it's not getting

better. they are stuck. >> this is a good question. if we're feeling paralyzed and stuck, there's something you can do about this in two weeks. after no control over the economy for the last two or three years, you could do something. you could do something in 2008, that's why a lot of people voted for barack obama. do voters make some connection that voting their members out of congress is going to translate into the things that make them feel more prosperous, specifically more jobs? >> i don't think it's that specific. i don't think they think, if i vote this guy in, jobs will come. i think they think, this guy will be better to look after what i need him to look after. this is not midterms, as we say all the time, because it's true. midterms tend to be a referendum on the party in power. this is not as much about i think republicans are going to be so much better at handling the economy. it's about democrats haven't done well handling the economy. it's not as much a positive vote

for someone they think can handle the economy against someone they don't think has handled it well. >> jim, there are some people who think the democrats and republicans will do a better job of the economy specifically on an area they have targeted, reining in spending if the gop takes control of congress. look at this. the u.s. would move in the right direction on government spending if the gop controls congress. 43% say yes. 54% no. 69% say no to democrats doing it. both sides preach fiscal discipline, nets allow tax cuts to expire. if republicans win, jim, does it change how this country deals with deficits and debt? >> actually it doesn't change a lot, simply because there's so little maneuvering room there. about 65% of all our federal outlays go to things we really can't change much. entitlements like medicare, social security, medicaid, federal pensions and the debt.

so by the time you're talking about only dealing with a third of the cost, so much of that politically can't be touched. what we spend a lot of time about, dealing with cuts around the margin, directional cuts and trying to slow the growth in federal spending, not actually cut it. i think the longer-term issue that congress needs to be looking at is are there ways to actually expand the economy enough to mean that we'll have greater revenues in the future. those are investments in education, competitiveness and for industry to get out there and compete on a global status. >> music to my ears. unemployment at 5%, growth at 5 or 6%, we could solve this problem. christine, why is it jim's very logical argument is not successfully delivered by this administration or by the democrats to be able to say, guys, everybody else is preaching crazy change. crazy change is not coming our way under these economic conditions? >> i don't know. ali. i can't speak for the message

coming out of the white house and the kind of tone they are trying to set overall. i think jim makes a good point about the challenges we have here and how do you get some traction. i guess to switch gears, this is what it comes down to. people are going to go into the ballot booth, doesn't matter what they hear somebody say on the campaign trail, the only thing that matters is what's happening in their family. that's the bottom line. >> christine, stick around. jim, good to see you. thanks so much. candy, thanks for joining us on this and giving insight. has your town outsourced jobs? we'll tell you how to find out whether it has and how that could back the midterm elections. over the country, so, what if there were priority mail flat rate... envelopes? yes! you could ship to any state... for a low flat rate? yes! a really low flat rate. like $4.90? yes! and it could look like a flat rate box... only flatter? like this? you...me...genius.

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two weeks to midterm, democrats controlling both houses. unemployment holding steady. this is a crisis for america. richard, president of the afl-cio, some say that makes him the top labor leader in the country. thanks for being with us. you've publicly done battle with boehner. what is it you find so frightening about republicans taking over congress? >> the crisis we face now is a job crisis. unless congress addresses that

crisis we face a generation of lost unemployment and threaten the recovery today. everything he said is he wants to take us back to the policies that created this, more tax cuts for the rich. he wants to repeal wall street reform, health care reform so we go back to the old health care system. all of those are not going to create jobs. i've asked repeatedly what's your policy for creating jobs and all we hear is more tax cuts for the rich. do away with regulation on wall street, do away with health care purchase what, from your perspective, is the answer. i ask with this caveat. we've lost jobs and that has nothing to do with this administration or bush administration. this is a long-term policy with jobs lost. let's be fair. we're not getting a lot of those jobs back. union membership, 12% of the workforce. what's the answer? >> we can get those jobs back,

by the way, if we change tax policies that reward companies for taking jobs overseas, trade deals that benefit for us and give us a fair trade field. the answer is four fold, one a long-term investment in infrastructure. our country has $2.2 infrastructure deficit. it makes us less competitive. if we have a long-term policy we can begin to bring in private money and address that deficit, create jobs, and make the country more competitive. the second thing is, there are 40 some states in deficit spending. any of the extraordinary spending that's been done by the federal government to stimulate the economy has been negated by attraction of state and federal -- state and local governments. that threatened 900,000 layoffs. we have to continue to provide aid to state and local governments until they get balance. the third thing we would say is unemployment benefits.

there has to be continued extension of those so they can continue to be consumers. if 6.5 million americans, totally 15 million ultimately stop consuming, it's a big drag on the economy. it pulls us backwards. the fourth thing would be take t.a.r.p. money that's been unused and repaid, get it into the hands of regional banks so they can lend to small and mid-sized companies so they can start creating jobs. the fifth thing would be target areas of high unemployment and match job creation with those high unemployed areas. >> you know the next two guys i'm going to talk to eliot spitzer, one-half of parker spitzer 8:00 p.m. weeknights. probably nobody knows more about wall street than he does, except maybe stephen moore, our good friend with the "wall street journal." let me start with you, richard

tr truma makes an impassioned argument. it's a view many don't share with him. >> i'd say he batted 1,000% in the interview. he got everything wrong. if you look at the agenda of the obama administration in the last months, it has been the richard trumka agenda. everything we've done, he wants more. he talked about bankruptcy facing states and cities. he's exactly right about that. there's 40 states with big deficits. here is what he didn't say, one of the reasons they are in big deficits is precisely because unions that bankrupted cities with enormous pensions and deficits they can't deal with now. >> this is a hard circle to square. this is the problem. some people think unions have been the problem. bottom line unions are now a very, very small part of the workforce and a challenged workforce. this is an environment where people continue to lose jobs. some people are thankful for the

little protections they get from labor unions. where do you stand on this? >> it's grossly an oversimplification to say unions caused this problem. globalization led to declining wage scale in many manufacturers and workers across the united states and we need to become competitive. richard would say and i would agree with him many of the private sectors businesses would agree they have worked to remain competitive and we have seen some revitalization in small, mini mills. we have managed to see sectors come back where private sector unions worked with business to make ourselves competitive. what we are facing right now in the united states is a demand crisis. there simply isn't enough demand to get businesses to invest to make more stuff, whatever that stuff happens to be. that is the rational for a keynesian desire to have stimulus. that's what the nobel winning economists are saying. put together a stimulus that will create short-term demand. we of course need to make

ourselves competitive, which means infrastructure investments richard was talking about. smart deals between unions and owners of the business to make our selves competitive in an international context. that's what it's about. >> houses taken from the bank by foreclosure, we're going to talk about this and get to the bottom of a nationwide investigation that could put a freeze on foreclosures next. stressless is designed to becer)

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whose homes are being foreclosed on. may delay the process, but won't change things. >> i wanted to say, if you're hearing a story on a freeze in foreclosures or investigations into the shenanigans in foreclosure process, it doesn't mean you can stop paying bills. it doesn't mean you should stop working with your bank. in fact, i spoke with a housing activist earlier this week working with community lenders who said anecdotally banks are stepping forward at the beginning part of the foreclosure process to try to get them, as soon as they default to try to get them on track. nobody wants this to go on. ali, what it means is more uncertainty. if you're just ready to buy a foreclosed house, that's not going to happen right now. if you already put the padlock on the door, the padlock is staying on the front door. right now what's happening states led by iowa's attorney general tom miller are trying to

figure out just what kinds of shoddy paperwork at the end of the process. in many cases, most cases we're told, these are people who stop paying bills a long, long time ago. >> congratulations getting iowa into that. i'll work on getting canada into one of my answers. >> you just did. as a former attorney general, christine and i talked about this all week, we're frustrated once again the banks are shown to have done something that was wrong, insensitive, maybe even illegal, who knows? while we think the books should be thrown at them, doesn't a long legal process initiated by these attorneys general, doesn't it delay recovery for these houses that were getting sold? >> you think about many factors when you proceed with an investigation of this sort. the question to be asked is what else is lurking beneath the surface. i hate to say it, every time you pull back a layer of the onion you find something else. you can't conclude this is the

he said of it. i generally agree with you there aren't a lot of houses not in the foreclosure process that will end up in it. but you never know. we would do these multi-state investigations. i think the banks need to clean up their act. it's so clear, the servicers, the banks, have to be meticulous. the treasury has to deal with, the white house hasn't been doing right in this regard. the banks have utterly failed to be os meticulous as they should have been. >> everybody tripping over themselves to do a worse jobs, except interest rates -- every time i say they can't go lower they go lower. i have been saying for a full year on the record to buy a house last year when interest rates were 5%, now a smidge about 4%. home prices are higher than they were. there's a whole bunch of people ready to buy a house. christine has done it, i've done it. a lot of people saying when do

we hit bottom. this complicates things. >> i'm going on the record and say, now is the time to refinance your home. they can't get much lower. why do i get surprised that my friend ali's eyes light up over lawsuits. >> the rights of people taken advantage of. >> here is my position on this, it is a big story. first of all, it's inexcusable banks are sending out foreclosure notices to people paying mortgages on time. eviction notice is a very serious thing. this is, i fear, going to delay hitting bottom in the housing market. i do fear if there's a moratorium in certain states or banks themselves put more toerms -- moratoriums on people -- people think they should stop paying mortgages. >> wait. i have to say this. of all the ways to resuscitate housing market to say we shouldn't worry about the rights of people -- no --

>> let's be clear, the housing market is in a tank because of banks, because of fannie and freddie, the treasury department, not because of these poor people. so let's not make them the victims. the banks have been scoundrels. >> we all agree there. >> bankers have to be taken away in handcuffs. >> foreclosures, if people are six months, nine months behind, ali in paying their mortgages and you can't get them out of the house, that means the banks are -- >> we expect $700 million to bailout -- >> these two guys would be an exciting conversation. >> all these ceos, i want them to step up and pay mortgages. >> you guys are always terrific. thanks for being with us. stephen moore with the "wall street journal," always great to have you here. elliott great to have you here. congratulations on the show. watch parker spitzer every night

right here on cnn. fantastic show where you can get into some of these things and get the best of eliot spitzer, what you just saw right now. the number of americans unemployed, that remains the biggest problem in this economy. it is staggering. jobs, however, can be created. there's a way to dig ourselves out of the unemployment hole. we'll talk to a man with some answers next. exchange traded funds. some firms offer them "commission free." problem is they limit the choice of etfs to what makes financial sense to them. td ameritrade doesn't limit you to one brand of etfs... they offer more than 100... each selected by investment experts at morningstar associates. only at the etf market center at td ameritrade. before investing, carefully consider the fund's investment objectives, risks, charges, and expenses. contact td ameritrade for a prospectus containing this and other information. read it carefully before investing. my professor at berkeley asked me if i wanted to change the world. i said "sure."

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okay. i want you to take a look at this chart. we're 11.5 million short of prerecession unemployment rate of 5%, about 4.9% according to

the economic policy institute. to fully recover within five years the country would need to add 300,000 jobs for five years. the line on the bottom is where we are. the line on the top, straight from bottom left to top right, that's where we should be. we need to add 300,000 a month for the entire period. at the rate we're going, that's not going to happen. how do we create jobs? had the holy grail of the economy. a friend of mine, professor of finance at westmont college, he's the author of the book that's going to answer that question "job creation, how it really works and why the government doesn't understand it." here is what i take from what you said. job creation is a business decision based on expansion, growth, modernization of plant, infrastructure, involves a return on investment, economies of scale, improved productivity,

strong profits, cash flow. that's why people create jobs because they get a return on what they put into it. what do we have to do to make the businesses of america create jobs? >> good to see you again, ali. the main issue in our book we cover throughout every chapter is the issue called the certainty factor. the certainty factor is really how you look at the near-term and intermediate term of the private sector. you're looking for stability, you're looking for opportunity. what really contributes to a great certainty factor is low tacks, low government regulation, less government spending, smaller deficits, less on the debt side, no more new programs or pending programs that will have an adverse affect on your business. >> let me take you on, david. i respect you and love what you do. in a minute i want to talk about what you do to help businesses create jobs. low tacks, our business taxes are not particularly high.

regulation, the only thing we regulated is the financial service industry in the past year. most americans support that's what had to be regulated. low deficits, low debt, we all agree we need to do that but it's tough in this environment. health care might go down under this new plan. what is the administration doing so offensive to businesses, particularly small businesses that can be creating job right now? it doesn't seem like they are so far off the rails. >> the exact opposite. office of management budget released in september findings that 21% of u.s. national income goes toward taxes and 13.5 goes toward regulation and legislative compliance. more than one-third of u.s. national income is ultimately consumed by government requirements and taxation. from a small business standpoint national federation of independent business has looked at surveys, small businesses throughout the nation.

consistently small business owners who look at the health care coming don't see it as something coming -- in fact -- >> the evidence doesn't bear that out, david. they don't see it at that the evidence doesn't bear that out. small businesses who wanted to cover employees did so at great expense. the only issues they have to cover people, that's fair. right? >> here again, we have in our book we cite a couple of great, true examples. we have a company, small business owner in northwestern who has been in business for 35, 40 years. he talks about hiring somebody in his company for $50,000 salary. this gal is a mid level manager in his sales team. the cost to have her for $50,000, his out of pocket cost as an employer is $74,200. then on her end, getting a job for $50,000 only translates to about $31,300 take homopay after

expenses involved. $74,000 committed as payments to the company to only end up with $31,000 in the pocket of the employee. >> a good friend of mine and author of a new book, "job creation." david, thanks for being with us. >> you bet. thanks, ali. divorce is a complex mess and the economy is making life that much more difficult for those folks splitting up. succeeding as a small business can be a tough task. innovative markets gave a design company a recipe for success. >> hi, welcome to dyno mighty. it's my company i started eight years ago. it was the whole on september for dynomighty came from a

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this recession has changed the way americans think about a lot of things, including marriage. the census shows the number of young adults choosing not to marry has surpassed the number of young adults, people 24 to 35 who have choseton marry. of the couples who are getting married, many people are protecting their assets more than they have in the past. three-quarters of divorce attorneys polled have seen a rise in the number of prenups, that's according to american cad any of matrimonial lawyers. christine romans joins me again. something she touches on in her new book "smart is the new rich." christine. >> one thing about marriage as well is more people are initiating prenups, also more women are initiating prenups. that is a distinct change. in terms of saving the marriage,

one thing i found out in the book, research shows that paying down debt is a very good way to stay married. high levels of debt right up there with alcoholism and abuse are reasons they split up. financial disagreements can be very hazardous to your health. meanwhile i want to tell you about a woman we spoke to. we spoke to a woman who put her emotions on the back burner for financial reasons after a divorce. we first introduced to you sally gibson 18 months ago and found out breaking up is really hard to do. sally and her husband of 15 years were getting a divorce but still living under one roof. >> my husband lives in the guest room. he comes home on wednesday nights early to have dinner with the kids. the other nights he comes home late to give me my space. so it's not perfect. it's been difficult.

>> as legal bills for two divorce attorneys piled up, the couple switched to a less expensive mediator. the situation with the house isn't as simple. >> right now there are 20 houses on the market in town that are in our price range and there are no buyers. so my broker has pretty much prepared me the house is going to sit for a while. >> reporter: for sally remainins her ex-husband, for some, getting a divorce is not even an option. 47% of attorneys polled reported fewer divorces during the recession. the couple's stayed in the home for a full year before deciding emotion trumped finances. >> it was a very difficult time. very emotional time. and we made the decision to sell the house, and it could have easily sat on the market for a year, and i didn't want to put my kids through that. it was tough enough. so i priced it to sell, and we sold the house right away, and

i'm not going to lie, we lost a lot of money, and that hurt. >> sally started over, changing back to her maiden name, she downsized and started a small business out of her new home. >> i'm working with all of my clients right now who are divorced or separated. and so so it's kind of nice to work with people that are in similar circumstances. >> reporter: if there's a silver lining for sally and her boys in their smaller home. >> we spend a lot more time together as a family. there are fewer places for them to scurry away to. >> gabrielle is featured in my new book. she joins us now to help us through some of the sticky financial situations. if you're in this situation and stuck together because the economy has kept you stuck together. what should you do? what's most important advice? >> the important advice is to protect yourself financially from the spending habits of your

former house. >> how do you do that? >> you have to have your own credit cards, you should get your own mortgage and you maintain all your own business accounts just as if you were a single person. >> one thing you mentioned to me, this pentup demand for divorce is starting to come through. people have been stuck as deer in the headlights for too long, and you're going to see more activity. >> people are fed up, they're not expecting to get as much for their house as they were expecting a few years ago, so the reality is settled in, and nothing's going to change. the economy is only gotten worse for them. >> one thing you mentioned, divorced couples, they have a harder time getting a mortgage. is that true? and what is your advice for people who have finally gotten out from under the house and the marriage they didn't want to be in. >> it's very difficult. yes, it's true. the mortgage rates for people who are currently divorced or newly divorced, it's very difficult to get mortgages, because they can't show that stream of income for a period of

six or eight months. that's what the mortgage companies want to see. they don't trust it. there may be a court order, but until they see the check hits the bank on a consistent basis, they're not -- >> your credit can be damaged during this process, because one person isn't paying the credit card bills, one person is. there's all sorts of things that can happen. what do you say to people when they're doing the divorce settlement. how do you make sure you protect yourself. a lot of people are coming back to the table and saying, i don't have health care, there's not as much in the 401(k) as i thought, and they're having to open up some of these settlements. >> long term financial planning, that's what you have to do. have you to do it before you sign your settlement agreement. you have to run the numbers. how is this all going to look after the divorce? when you're in the middle of the divorce, there's crisis, drama, emotion. it's difficult to think clearly about the finances on the other

side of the divorce. five, ten years down the road, you're going to look back and say, i wish i had gotten a retirement asset. i wish i had not taken the house and i wish i had sold it at a time when i could have used the money to now buy a condo or something else, or maybe just rent for a few years. >> all difficult decisions. i know people are deciding to rent for a few years, because there are so many uncertainties out there. al, those are tough decisions when breaking up is hard to do literally, because you can't get out from under the house. a couple years have passed since the initial crisis, home prices have stabilized, now they're starting to move on. >> maybe some marriages were saved because people couldn't get out from under them. some of them are not going to be -- christine's new book, you really have to read it, it's got all sorts of stuff like this. there's another one, pressure on moms and dads. the price of education is already a burden.

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personal pricing now on brakes. tell us what you want to pay. we do our best to make that work. deal! my money. my choice. my meineke. 85% of college graduates are moving back home with mom and dad. that's according to market research by 20-something inc. that's a 20% jump from four

years ago. understandable because of the economy. this group has a new name, the boomerangers. it's starting to take its toll. >> the 15% unemployment rate for 20 to 24 years old, it doesn't include those who just graduated, they're not part of the labor market. they're also called generation y, as in why don't you have a job and why are you drinking my imported beer. baby boomers surveyed by the schwab foundation felt they had done it to themselves, they told their kids, can you have anything. you live in this bright world where there are so many opportunities and those kids are home again. they're trying to figure out, wait a minute, i'm trying to plan for my own retirement but i'm trying to get this kid off the ground too. >> we came of age at a time