jill schlesinger has tonight's "eye on money." >> hi, susanne. >> reporter: new york city real estater susanne rhow views her career with fresh eyes. she became an agent just four n,ars ago at age 47. before then, rhow spent 25 years in corporate sales and marketing. owt when the economy took a tove, rhow decided it was time to trade her career for one that offered potential for greater >>nancial growth. >> i wanted to be in a position where i could never be downsize, you know, because i was older or i was expensive. >> reporter: being proactive like rhow can pay off. individuals who decide to switch careers in their 50s, increased the likelihood of working until age 65 by 20%, and many work beyond that. career expert caroline ceniza- levine says the financial benefits of working longer are clear. >> it's another year that you're not drawing down on your savings, and so your retirement plan can continue to compound, and that's a big deal. >> reporter: now rhow thrives on the challenges of her new job and has more time to spend with her daughter. retirement is no longer a set age. oku

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jill schlesinger has tonight's "eye on money." >> hey, eric. >> hi, suzanne. nice to see you. >> reporter: new york city real estate broker susanne rhow views her career with fresh eyes. >> i love how you can see the statue of liberty. >> reporter: she became an agent just four years ago at age 47. before then rhow spent 25 years in corporate sales and marketing. but when the economy took a dive, rhow decided it was time to trade her career for one that offered greater financial growth. >> i wanted to be in a position where i could never be downsized, you know, because i was older or i was expensive. >> reporter: being proactive like rhow can pay off. individuals who decide to switch careers in their 50s increased the likelihood of working until age 65 by 20%, and many work beyond that. career expert caroline ceniza-levine says the financial benefits of working longer are clear. >> it's another year that you're not drawing down on your savings. and so your retirement plan can continue to compound, and that's a big deal. >> reporter: now rhow thrives on the cha

>> jill schlesinger. thank you, skril. >>> and up next, a big challenge for any realtor. a house di >>> we don't often advertise homes for sale on this broadcast, but michelle miller found a fixer-upper that really is one of a kind. >> have a look at my stone house. there's the border post right there. >> reporter: brian demoulin inherited this home 30 years ago and is reluctantly putting it on the market. >> this is a stairway that leads to the canadian apartments. >> reporter: okay. and over here? >> u.s. >> reporter: you heard him right. this house is literally in two nations at once. bee plain, vermont and stamstead, quebec, canada. the table on the floor in this upstairs room indicates approximately where the is. selling a home that actually straddles two countries is proving to be a bit of a challenge. >> my ideal buyer is someone with dual citizenship. >> reporter: realtor rosemary lalime. >> it makes it more difficult because i have to make sure they have the right customs papers to own the proper

cbs news business analyst jill schlesinger is here to break it down. jill, good morning. house passed the financial choice act. what is it and why should we care? >> reporter: well, it's a bill that would gut the dodd-frank financial reform legislation of 2010. of in its current form, the choice act would give the president the power to fire the head of the consumer financial protection bureau at any time for any or no reason. it would also allow congress to essentially defund the cfpd's budgets. i think that's a shame because in the six years since the cfpd was established, it has provided nearly $12 billion in relief for more than 29 million consumers. those consumers may have been harmed by the credit card industry, debt collectors, payday lenders, for-profit colleges, mortgage companies and banks. choice would also repeal the department of labor's fiduciary rule. the first phase of which went into effect on friday. >> so remind us again what that rule is. >> reporter: so this was the rule that required anyone who handles retirement assets or gives financial advice to

cbs news business analyst jill schlesinger joins us now to celebrate a decade of the iphone by the numbersl right. so jill, has the iphone delivered on steve jobs' promises? >> reporter: um, yes and then some. [ laughter ] >> reporter: think about this. in 2007, 10% of the u.s. population had a smartphone, today 80% has. apple has sold 1.2 billion iphones globally and in doing so, it really has changed our lives. this year a trillion digital photos will be taken on phones. and that's largely because of apple technology. and you probably don't remember this but the first iphone didn't have an app. now there are millions of apps on the apple store 3.4 million on android google play. tech experts say that apps made the iphone a must have device and also spawned innovation and companies. uber, lyft, instagram, snapchat, they don't exist without the apple app. in the 1st quarter of 2017, all the publisher revenue from downloads and app purchases in both the app store and google play, 10.5 billion dollars. an industry from zero ten years ago. >> you know, jim, i was working in new york city back

jill schlesinger thank you. >>> it is 5:42.earning more about what may have caused a massive fire at a london apartment building. we'll be right back. who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these caretakers, advocates too? turns out, it's californians it's me and it's you. don't stop now, it's easy to add to the routine. join energy upgrade california and do your thing. the more bodies have been found after the london apartment fire -- 17 people are now confirmed dead. the fire com >>> within the last hour, we have learned more bodies have been found after the london apartment fire. 17 people are now confirmed dead. the fire commissioner says it will take authorities weeks to search and clear the building. more than 30 people remain in the hospital. 17 are in critical condition. the building caught fire early wednesday morning at a time when hundr

air conditioners use 6% of -- jill schlesinger is here. how can we re-due air- conditioning costs?> i know you have some hot weather. but don't let that cool air and your hard earned dollars sneak out the windows and doors. most utility companies offer home energy audits. that will give you an idea of where you are wasting the most energy. don't forget, perform regular maintenance on your air- conditioning unit, including changing air filters regularly. it can reduce energy consumption by five to 15%. and experts know where you place that unit is important. avoid direct sunlight. put the unit in a shady spot on the east or the north side of the home. >> good advice there, jill. how effective are the programmable thermostats. >> reporter: they are actually a really graduate it way to make sure your home stays cool and that the air conditioner is not working overtime when you're away. the right settings can save you about 10% a year. if you're like me -- i like my house to feel like an icebox. be forewarned. each degree below 78 will use about three to 5% more energy. finally, avoid

cbs news business analyst jill schlesinger joins us now to break down the numbers. so jill, who is covered under medicaid and how would the senate plan change this program? >> reporter: medicaid turns 51 years old next month and currently covers about 74 million americans including low- income families, pregnant women, people with disabilities and those who need long-term care. it is funded as a partnership between the federal government and the states. each side pays a portion of a patient's bills but there's no limit. under the affordable care act medicaid expanded to include 14 million more people whose household income is below $34,000. that's for a family of four. now, under the senate plan the expansion would be rolled back fully by 2024. but most importantly, medicaid itself would be restructured in a big way. instead of a largely open-ended program, the senate plan would reduce the amount of money that the federal government would provide and would also allow states to opt out of coverage from certain conditions. so think of it this way. medicaid would become

cbs news business analyst jill schlesinger joins us live from new york. od morning, jill. >> good morning. >> has iphone delivered on steve jobs promises. yes, abe then some n2007, 10 percent of the u.s. population had a smart phone to day 80 percent too. apple has been driving force behind that rise, apple has sold 1.2 billion iphones globally. in doing so it has change our lives. think about this, this year a trillion digital photos will be taken on phones largely because of apple's technology. remember first iphone didn't even have an app, year later in 2008 that changed, there are 2.1 million apps on the apple app store, 3.4 million on the competitor, google play store, and tech experts say that this development, apps, this made iphone a must have device and expound new innovations and co. think bit, without an app we don't have uber, lyft, or instagram, or snap chat, and in the first quarter of 2017, combined publisher revenue for down load and in app purchases in both app store and google play, 10 and a half billion dollars that never existed 10 year

cbs news business analyst jill schlesinger joins us live from new york. ning, jill. >> good morning. >> so jill, i have always said prenup is marriage insurance. for those folks that don't know what it is what is a prenup and why should folks consider using one. >> this is dedicated to you, jim because i understand this is one of your favorite topics i'm not unromantic but logical that is why i like this segment. >> reporter: i love that. which makes two different feelings. prenup, legal contract, outlines how couples would split up their financial lives in the event of the relationship doesn't work out. now you normally get through what each spouse brings in the union financially, how couples would divide assets accumulated during the marriage and how they woman age future family gifts or inheritance. i know you might think of the prenup as something for super rich, it is no longer case. spoke to a marriage attorney and they say these are popular with anyone has been married before, had children from a prior relationship, even small business owners, and e

. >> would it cut it for me but cbs news business analyst jill schlesinger joins us live from new york see wealth, good morning, jill. >> good morning. >> so let's just start with the numbers what exactly defines wealthy. >> reporter: this is a study just out yesterday from charles swab and according to a you need an average of 2.4 million-dollar to be considered a wealthy person in america. now i want to put that in perspective by these standard you need to have 30 times more than the approximately $80,000 in net worth of the average u.s. household. many people think a million-dollar isn't what it once was, a million-dollar, saved 30 years ago in 1987, well, it would have to be 2.2 million-dollar when you account for inflation. still i want to remind everybody if you don't think million-dollar is a lot only 10 percent of americans are worth a million-dollar or more so it is still means something >> yes, would i say so. >> so what were finding that defined wealth differently. >> well, okay, you know it is more than just your total net worth. health of the respondents say being wealthy