here's cbs news business analyst jill schlesinger. which is it? >> a little bit of both. the north american free trade agreement from 1994, the one that bernie sanders said costs 800,000 jobs, prob >> a little bit of both. the north american free trade agreement from 1994, the one that bernie sanders said costs 800,000 jobs probably didn't. it was probably a wash according to economists but china's entry into the world trade organization was a game changer. if we look at the exporting and manufacturing here in the u.s. since then it's down by nine percent. china's exports and manufacturing up by 12%. but remember, overall, us consumers have been able to buy goods a lot cheaper since all these trade deals. >> miller: so trade shuffles the deck, who are the real winners and losers here? >> well, i think that manufacturing has been a loser but we should note manufacturing jobs actually peaked in 1979, so that's 15 years before nafta. what's really changed the game? technology. automation. and when we look at those sectors around technology we saw technology up 30% since 2003

cbs news business analyst jill schlesinger is here. jill, what is driving this snacking boom? >> well millennials are asking for healthier and fresher options but boomers are partaking as well. we see the biggest snackers, 55 to age 64, it's really broad based. amazingly 45% of americans say that they are replacing one or two meals a day with a snack. one third say they're taking more snacks in then they did two years ago. >> glor: and it's amazing how much the food industry is changing because of it. >> absolutely. if you look at a company like kellogs, big food brand, we look back to year 2000, 20 percent of in year 2000, finally years later, 50%, the i biggest growth segment, health and energy bars growing 87.5% over the past two years. and low carb diet, has promoted the growth of jerky. sriracha honey, ginger oranges. grew to 2.8 billion last year. >> bacon cranberry was another flavor i saw. not going to restaurants? >>reporter: we're not going to restaurants but we want small plates. what's big in restaurants now, snack mentions on restaurant menus up 97% over the last

cbs news business analyst jill schlesinger joins to us reveal the most common audit red flags. amended return and i got some more money back. and, um, oh, well. what are some of the big red flags out there? >> reporter: and look, the man is still standing to tell his tale! so don't be too afraid. look, the number one reason that the irs is probably going to create an audit is because you did not report your income. now, remember, the agency received copies of every tax document that you receive. so you have to report everything. if you do receive an incorrect tax document, talk to the issuer. they can always make a correction and then file that form to the irs. now, if you earned money but you have not yet received a tax form, i would go ahead and still report it even without the form. now, another thing that's going to awaken the irs beast a big income change. irs computers have all your historic data and it triggers a flag when there's a big change. a lot of self-employed workers have underreported income and overstated deductions. they are careful with that. if you make a mi

cbs news business analyst jill schlesinger shares key factors to keep in mind. od morning, jill. >> reporter: good morning. >> so if you want to drive you need to buy car insurance. what factors affect your rate though? >> reporter: probably like every other organization in the universe insurers are using complex algorithms and they incorporate the make, model and year of the car but also the risk that you might make a claim. they might be checking lots of different factors. additionally, every state has a minimum for liability coverage. so the easiest way to lower your premium is to opt for a higher deductible but this isn't great for lousy drivers because it means that if you're in an accident you're responsible for more of the bill. if you drive an older car and you own it outright you may want to consider dropping comprehensive and collision coverage to keep your costs down. >> so what steps should you take before signing up for car insurance? >> reporter: you know, even if you have existing coverage a lot of the insurance guys that i spoke to say you really

. >> cbs news business analyst jill schlesinger shares what you should keep and what you can throw awayorning, jill. >> reporter: good morning. >> so this is a good question. you have your old tax files. when can you finally get rid of them? >> i know you want to just get that shredder fired up. but the irs has 7 years to audit your returns if the agency suspects you made a mistake. so unfortunately, just to be safe hold on to the returns and the supporting documents for all those seven years. if you work with a tax preparer, it's a very good idea to ask for a copy of your return on cd. it certainly will save some space. maybe you can free up that file cabinet by tossing some old bank statements. how about this? you really only need to keep bank statements for a year unless you think you may be applying for medicaid. but in addition to the medicaid people, you may want to hold on to any records that are related to your taxes or business expenses home improvements, mortgage payments or just any major purchase. you also can start shredding those credit card statements same thing, you know

cbs news business analyst jill schlesinger on the new poll revealing a change.reporter: good morning. >> so tell us how are people feeling about retirement now somewhat seven or eight years rater since the recession? >> reporter: a lot better according to the employee benefit research institute. it found that after plunging to record lows in the aftermath of the financial crisis, 21% of americans say they now feel very confident about retirement. it's up from 13% just a few years ago, 42% are somewhat confident. and although there are still 19% who are not at all confident, that number fell by 5% from just a year ago. so we are making progress. >> how are we doing on savings? >> reporter: yeah. well, we're feeling good. we're not saving so many. [ laughter ] >> so 69% of workers report that they are or their spouse have saved for retirement. unfortunately, a big chunk of those have virtually nothing put away. 26% have less than $1,000. probably because they don't have a retirement planned off through work. 54% have saved less than $25,000. you know, with the num

jill schlesinger tells us what we should know before we list a home.g. >> reporter: good morning. >> so what's the big picture for the housing market right now. >> reporter: we have seen an improving market and low mortgage interest rates so together that should help the housing market heal. but this year, there have been some pretty significant head winds. the biggest one is the low level of housing inventory. that limits the choice for potential buyers. it pushes up the cost of homes, it also keeps activity muted. you know, after home sellers realize the biggest gain since 2007 last year, 38% of major markets reached new all time home price peaks including the bay area. this year economists say price increases will moderate because of that low inventory. probably going to have more houses come online this year. >> okay. so if you are listing your home, what do you need to know? >> reporter: of course, first impressions matter. so identify those important home improvements that you really have to address before you have the open house. the first issue

. >> but cbs news business analyst jill schlesinger is here to tell us many are making a big mistake their jobs. so tell us. what should you know before you leave your old job? >> reporter: there are just too many departing workers who are cashing out of their retirement plans. what they are doing is they are actually volunteering to pay a tax early and maybe a penalty instead of rolling those funds over into another retirement account and having no tax event. now, in addition to federal and state income tax, if you are younger than 59.5, you will have to pay a 10% early withdrawal penalty. now, the potential result is pretty dire if you cashed out of a $50,000 401(k) you might end up with just $35,000 in cash. and, of course, whether you are younger or older, if you cash out, you no longer get that compounded growth of the account. >> is it ever good to withdraw money out of retirement plans to pay down debt? >> reporter: the irs allows for something called a hardship withdrawal. there's certainly instances like a medical expense, a cost related to the purchase of a primary residenc

if you're looking to sell, cbs news business analyst jill schlesinger is here this morning.elling your home? >> last several years good recovery. this pretty much tracks with the recovery in the jobs market. people feel more confident and we also know that lending standards a little bit easier. it's still tough to get a mortgage but it is easier. we know that people have more confidence in buying a home when they feel more secure economically. >> lots of good news? >> yes. that said, there is a bit of a problem right now which is we have got low inventory. just not a lot of houses on the market. and that pushes prices up. great if you're a seller, but not so good if you're a buyer. >> when you hear maybe i should sell my house but you say first thing to think about are the tax implications. >> right. a lot of people may have owned their homes for decade and they sell their homes and don't realize, oh, no! i have a big capital gains tax due. not everybody. you're lucky if you do, obviously. but check that out. i also want to be very clear. a lot of people are thinking about d

in this morning's "eye on money" jell jill schlesinger is joining us. it's scary to a lot of people so how do you get organized? >> throw the documents in a file because you're probably not getting started until you get to that point. i suggest get last year's tax return out. it's a really good guide as to what you were doing last year and might flag differences for this year. credit card statements are good. you might have job search costs and some contributions. make sure you have that. and when you get it altogether, time so you can gather it and organize it. you'll need that whether you hire a cpa or tax preparer or you're doing it yourself. >> a majority of americans use a tax preparer. should we hire one or do it our own? >> it depends on, number one, how lazy you are. i'm in the lazy camp. number two, how complicated your return is. if you're an employee and it's pretty simple and maybe you can do it yourself, there is great tax filings software. that is fine. but maybe there are some big complications. maybe you're self-employed and need somebod

in this morning's "eye on money" jill schlesinger shows us how to prepare for the tax season.nth away, overwhelming and scary to a lot of people. how do you begin to get organized? >> grab the documents and throw it in a file. you're probably not going to get started and get to that point. get last year's tax return out. it's a good guide as to what you were doing last year, might flag differences for this year. credit card statements are good. you might have job search costs, contributions, make sure you have that and when you get it all together, pull that information and create time so you can gather it and organize it. you'll need that weather you hire a cpa or tax preparer or whether you do it yourself. >> the marge or the of americans use a tax preparer. should we hire one or do it on our own. >> it depends on how lazy you are and how complicated your return is. there's great tax filing software. that's fine. maybe there are big complications, maybe you're self-employed. you want someone to help you with a retirement plan. maybe you have to file 1099s for other people. y

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