our business analyst jill schlesinger joins us. the numbers don't seem to square. who is cheating? >> according to the i.r.s. it is the small business owners who are under-reporting their income by 43%, a big number. now, i don't want to suggest small business owners are bad guys and gals. it's just that they have an opportunity to report. remember, most of us are w2 employees. our companies are reporting what we make to the i.r.s. we don't have a chance at doing it. but even in these small areas, tbhoaks have baby sitters or nannies, 90% of them are cheating on their taxes, just suggesting that perhaps we're not quite as against cheating as we say we are. >> axelrod: it seems to be a 87 opportunity. the i.r.s. also talks about something called the chump factor in explaining cheating. what is that? >> reporter: the i.r.s. found in a survey 73% of americans think that other wealthier americans are using tax loopholes that they don't get. so imagine if you think someone else is getting something, you tonight want to feel like a tax chump. you want to feel like you are exploiting the

cbs news business analyst jill schlesinger is with some answers. orning. >> reporter: good morning. >> all right, jill. i guess the labor numbers were just released. what did they find out? >> reporter: well, you know, earlier this week, the labor department released some numbers about the types of jobs we hold. and retail salespeople and cashiers they are the nation's two largest occupations. 4.5 million and 3.3 million people respectively hold those jobs. the average pay for them? $12.20 an hour for retail, $9.82 for cashiers. they earn well below the mean for all occupations. that mean is $22.33 an hour. or $46,000 a year. in fact, i went to the 10 largest occupations on the list. only registered nurses who earn about $69,000 a year had a wage that was above the mean. >> wow. jill, what about on the other end of the spectrum? which jobs are paying the snows. >> reporter: well, you might be surprised but doctors still doing okay, anesthesiologists make the highest average salary of any profession, $235,000 a year. and now what's funny? everyone th

jill schlesinger, thank you. >> thanks jill. >>> 5:40 now. happening today, those fancy tech buses back in the spotlight at san francisco board of supervisors meeting. there's a hearing scheduled to appeal a shuttle pilot program that was planned to roll into effect july 1st. they use muni stops for a fee. this was a video of a protest against the buses earlier this year. the city's largest employee union seiu is spearheading the appeal. they're calling for an environmental study before those buses roll. >>> it's 5:41. three marines come to the help of a stranger. the vicious attack after a rowdy crowd turned on them. >> and if you're yoga pants are not tight enough, lululemon fixed that problem too. the pr move behind spray on yoga pants. i'm not kidding. >> so very excited to be hosting the late show tonight. >> drew carey goes to the late show. why the "price is right" host is hanging up his hat and his unlikely replacement. ,,,,,,,,,,,,,,,,,,,, fans in southern california this one left three marines seriously hurt. >>> another fight betwe

jill schlesinger live for us in new york. thanks. >>> 5:41.mart cars found tipped over on bay area streets. coming up, the investigation into the bizarre string of crimes. >> reporter: good morning, i'm roberta gonzales and it is opening day for san francisco giants baseball season. and we're going to take you out to the ballgame. can happily let life get in the way, so you can finish the great american novel while planning for tomorrow. banking for the life you have investing for the life you want chase. so you can [boy] mom!ughs] [mom] yes? [boy] whoa,whoa,whoa... [mom and dad] [laughing] [boy] whoa,whoa,whoa... [mom] you've got two left feet,boo. pranksters h >>> police in san francisco are investigating the vandalism of some very small cars. pranksters have been tipping over tiny smart cars causing significant damage. joe vazquez brings us reaction from some of the unhappy owners. >> it was right here. >> reporter: this was andria smith's smart car just after a group of loud pranksters turned it upside-down. >> we heard the crashing sound.

jill schlesinger, thank you. >>> 5:40 right now.up, a baskin-robbins employee in belmont is accused of serving up much more than just ice cream at the counter. >> and a creepy photo in a terrorist magazine hits close to home. do you know where this is? why the fbi is weighing in. ,, bulldog: [yawning] it's finally morning! i can't wait to get to mattress discounters good and early for the tempur-pedic bonus event. i'll have first pick from the huge selection of tempur-pedic mattresses. then, i'll get to choose $300 in pillows, sheets, and other free gifts. on top of that, up to 48 months interest-free financing. it's a beautiful day for mattress discounters' tempur-pedic bonus event. mmm, some alarm clock you turned out to be. ♪ mattress discounters wirethey're big. fast. andome. dependable. and at net10 wireless, we let you tweet, text, talk and surf... on those amazing nationwide networks... without getting locked into a pricey phone contract. america's best 4g lte networks for half the cost. that's wireless your way. unlimited* t

. >> cbs news business analyst jill schlesinger is here to help families foot the steep education billot happy with the eight packet -- aid packet they have received is it worth going back tot school and trying to get more? >> it is. remember there are two types of appeals to college aid packages. there are those that are based on the change in your family's financial circumstances. and then there are those that seek a match from another school's offer right? i have one school gave me $15,000 and you're only giving me $10,000. so here's the deal. if you have a change in your circumstances, you have a very good chance of getting an increased package. you really do. however, if you're trying to get that match, it's way harder but that doesn't mean you shouldn't try. why not? you don't and you don't get right? financial aid officials tell me that it is better for the student to make the appeal directly. don't have mommy and daddy call. that makes you look like a baby. always encourage families to use the consumer financial protection bureau's financial aid comparison shopper. it's a great

cbs news business analyst jill schlesinger is here to tell us what they are and how to avoid them. he stanford paper says the floods are not entirely our fault, is that true? >> reporter: it's not us. it really isn't. the author of the paper traces the problem to how the retirement system has changed. over the past four decades, retirement has shifted risk on to the individual worker. so in the past say 40 years ago, professional investment management committees were tasked with making these very complicated financial decisions for pension plans. and today, that burden has shifted to individuals. and i'm sorry to say the results have not been good. >> so what are the big mistakes? >> reporter: people are still keeping too much money in cash or low interest money market funds. remember, you're going to lose when you factor in inflation when you keep money in cash. lots of folks failing to diversify just because you choose three stock funds that's not diversification. they also overinvest in employer stocks. no one remembers enron, i guess. we find that a lot of retirement savers don'

jill schlesinger, thank you. >>> 5:42 right now. 49ers fans were outraged when the seahawks blocked theming tickets to the nfc championship game. well now it could cost the nfl millions. >> and the effort to save a south bay landmark is gaining some momentum. more on the latest victory for the dome. coming up. ,, ,,,,,,,,,, ♪ ♪ ,,,,,,,,,, thank you! thank you! dedicated bankers born to go the extra mile. you've been such a big help. it's what i like to do. so you can choose a bank where helping people comes first. victory on tuesday the unique dome is now elig to be considered for the tional historic re >>> only on 5, a century 21 theater in san jose won a small victory on tuesday. the unique dome is now eligible to be considered for the national historic register which could potentially save the building and validate its place in history. but as kiet do reports, there's still a chance history will be ignored and the building demolished. >> reporter: it's only been three weeks since it closed but the once majestic century 21 theater dome is now literally a shell of its former self. befor

cbs news business analyst jill schlesinger is here with us. jill, reason to celebrate? >> i love a milestone. i think it is great news, but we lost a lot of government jobs. so, in order to really get back to total payroll employment gere we were before the recession, we have to add over 400,000 more positions, so we still do have a ways to go. and i also want to remind you, of course, we have 10.5 million people still out of work, so the job market is not completely healed, but it's great news. sts lor: economists blame this bitter winter for slowing the job market down. what's the future? >> i think things are looking good. i speak to a lot of different of differ who see some green shoots in the data. so, a few things to think about. allop saw it's employment index rise to the best level since 2008, which is fantastic news. we know that small businesses are actually complaining that they can't find people. well, they weren't hiring. so, looking for people is a really good sign. i think we're going to see a pickup in employment. >> glor: worth pointing out, any of thes

cbs news business analyst jill schlesinger.ble to avoid this book y is it creating such a buzz. >> we heard about income inequality in the past 5 or 6 years but what pickety is talking about is wealth inequality. he's saying that we are in a situation that could be setting up for dynastic wealth, meaning family to family. if you are not born rich, you aren't going to be rich it this is bad news for the middle class. >> jeff: the realities today of being in that middle class are what sm. >> not so great right now. median household incomes since the end of the recession is down 4% to about 53,000. college tuition at public universities has skyrocketed. tuition rising at about twice the rate of inflation. that means if you went to school say in 1976, you might say oh, no big deal, college stud cost about 10 or 11 grand, today it's 26,000 today. we are 19th in retirement preparedness on a national and glogg all retirement index. and finally, on housing? there's an alarming study out of ucla that says baby bombers are being forced t

jill schlesinger in the toyota green room.f dollars. that's ahead on "cbs this morning." ♪ return to sender address unknown ♪ >> announcer: this portion of "cbs this morning" sponsored by party city. nobody has more easter for less. hi. what did you do to deserve that thin mints flavor coffee-mate? it's only one of the most delicious girl scout cookie flavors ever. i changed the printer ink. try coffee-mate girl scout cookie flavors. mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. [ female announcer ] every box of general mills big g cereals can help your kids' school get extra stuff. they're the only cereals with box tops for education. you

. >> cbs news business analyst jill schlesinger joins us to explain how you can reboot your retirement good morning. >> reporter: good morning. >> so how do we start? >> reporter: well, first of all, i just want to say that people are feeling a bit more confident about retirement. 18% say they are very confident up 5 points from last year, 37% say they're somewhat confident. and that does mean that more than half of americans are feeling pretty good about the future. as you might expect, the higher the household income, the more confidence increased and more people were able to save for retirement. >> the big word save. why don't we save more? >> reporter: well, according to more than half of the respondents, they say there's just nothing left after they pay for the general cost of living and day-to-day expenses. now, this jibes with two trends that are pretty tough. we have a double whammy of disappearing pension funds over the last three decades and stagnant income over the last 15 to 20 years putting americans behind the eight ball for retirement. in fact, the u.s. ranks a dismal 19

and cbs news business analyst jill schlesinger has some advice for living arrangements. i guess the big question who's moving back home? >> reporter: well, according to ucla center for health policy and research, the recession and the slow recovery forced many adult children home. so from 2006 to 2012, the number of kids moving back home to their folks in california which i would say is a pretty good prophesy for the nation soared by 63%. we would expect the big increase for young adults right? those aged 18 to 29 a 56% increase. but check out these numbers for the baby boomers who are aged 50 to 64. that group saw a 67% spike in the number of people moving back home with their parents. >> that is amazing. well these multigenerational arrangements are often the only option but you say parents and kids need to have the tough conversations before they move back together right? >> reporter: absolutely. regardless of the age of your kids, you really need to discuss the logistics. some of the questions to cover include can the children contribute to household expenses? if so-

cbs analyst jill schlesinger is with us.ning. >> who are they going to target? >> they're going after the wealthier taxpayers. if you make more than $1 million, your chance is 11%. over $200,000 3.3%. but everyone else less than 1%. in fact, 1.4 million were audited last year. that's lower since 2005 and it has to do with the budget cuts at the irs. we've seen it slashed by 8% since 2010. really deep cuts there. >> what's the downside because to hear that there's going to be less audits does not seem like a un un down side. >> and patriotic. if you need service you're in trouble. the irs get 1/00 million phone calls, okay? is that's just astounding. of those phone calls, only 61% got through. that's down dramatically. 87% got through ten years ago. how about the average hold time. you call the irs, your average hold time 17.6 minutes. ten years ago it was 2.6 minutes. >> and they say your call is important. i love that line. >> so what should one do if they're having trouble getting in tumble with the irs and they have serio

jill schlesinger is here. good morning. >> good morning. >> so is this a good thing? >> this is a great thing if you're a shareholder. this is rewarding shareholders for their patience. apple stock reached $705 a share way back two years ago, it's been a long haul. haven't been a lot of new products since then. so we've got three components here. the company is going to increase its share buybacks it's going to give a little boost, a quarterly dividend increase of 8%. it's also going to do the 7 for 1 stock split. a stock split doesn't add anything to you. it doesn't mean if you're a shareholder you get more value, but it could lure smaller investors into the fray could increase the liquidity, could see the stock rise. >> activist shareholders have been pushing apple to do this. >> carl icahn has been squawking about this for a long time. when you're sitting on $155 billion and you're not giving it back to your shareholders and not buying anything or creating anything new, shareholders are impatient, they want some money. >> they haven't introduced a new product in se

analyst jill schlesinger is here. good morning. >> reporter: good morning. >> what's going on with google and what does it indicate? >> i think specifically with google, they're really trying to make this transformation to the mobile market. most of us are accessing the internet through our mobile devices. but the ads are smaller and you get paid less for clicking on those ads. that hurt google. i want to point out it's one quarter, the stock is doing phenomenally well, the company continues to make interesting acquisitio acquisitions. this is just one moment in time. but it could have been caught up in a little bit of a tech downdraft. >> what about this tech downdraft? >> since the end of february, beginning of march there has been a slow and steady selling of some of the biggest, high flying technology stocks that we saw last year. we're talking about those biotech stocks. it's anything that your cousin said he made a lot of money on that you didn't own. it's the biotechs, social stocks, internet stocks. >> so it's