this is a great great issue of kiplingers on the news stands june edition.lars and make other dreams come true tell us about it. >> i think people -- when i was writing my column for this magazine everybody was standing in line for the mega millions jackpot and of course chances of winning that were minuscule. >> yes. >> but chances of making a million bucks really are much greater. i looked up statistics, there were as of last year, 8.6 million, millionaire households in the country and most of them were in fact the people next door. people who were millionaires were asked to classify themselves according to what their job was. the most -- highest figure, were managers, quote unquote managers, second highst, educators and this would include not just teachers but scientists, heads of deans of schools and think one in the education -- and anyone in the education field. down farther you had corporate executives, and you had business people right neck and neck with each other, business people entrepreneurs and doctors, lawyers, accountants and sales people thes

>> if you had read kiplinger, you would have known the cardinal rule for ipos is don't invest the first. typically it pops and falls. so we typically recommend investors wait up to six months until the price settles in. you get a couple of quarters of earnings. that also is when the so-called lockup period expires which is when insiders are able to sell shares. that sometimes creates a more attractive entry point, but to your point about facebook's business, i myself have written about this. there are concerns about the actual revenue model for facebook. at the beginning advertisers were jumping on. it was sexy and new, but now they're stepping back and questioning their return on investment. the poster child has been general motors that pulled out last week ahead of the ipo. >> the big problem here for a lot of us regular investors is it always seems the little guy gets screwed over in these kind of cases and once again the big investors and big owners will make money, but if you bought facebook at 38 bucks a share, you're probably going to lose money? >> it's one of those thing where

sunnyvale came in at number seven on kiplinger's ten greatest cities to raise your kids. based on household income, families with children, and crime rates. number of playgrounds, parks, and libraries also played a role. sunnyvale has earned several honors in the past including the title of the happiest place in america as well as one of the most inventive cities in the nation. and even the best place to date a nerd. >> all right. >> little something for everyone. >> back in my single days i might have had a shot -- >> you raise your kids, everyone's happy. >> perfect. nerds need love too. it's 4:41 right now. >>> up next, high-tech turmoil. big-time layoff at hp. >>> and a federal investigation into facebook's ipo, and there's talk the social network could leave the nasdaq. >>> plus, a warning for your weekend travels. why experts say you should be extra careful at intersection. >>> and the giants didn't get the sweep they were hoping for in the rocky. highlights coming up. >> that one was painful. >>> and for all your news, weather, traffic, check us out se r ncebook. s

ahead on fox 5 morning news, we are bringing in the experts from kiplinger's personal finance.e issue is on news stands today and it is all about simple ways to build your wealth and achieve other goals like owning a vacation home. think it will be a good seller. that is coming up in our 8:00 hour. >>> also ahead, her cat fights on dynasty were the stuff of legends. legends. i loved that. linda evans is joining us in studio this morning. she and linda gray will be in town today. they are putting the spotlight on i aserious issue though. the two are teaming up with meals on wheels to help highlight senior hunger. they will take part in an event on capitol hill signing mother's day cards that will then be delivered along with much-needed meals. linda evans will join us live to talk more about the cause coming up in our 9:00 hour. spent many time watching dynasty. >> fights like that in the newsroom all the time. >>> if you haven't done it already, you've got less than a week to find the perfect mother's day gift. >> never fear. holly morris has some fun, do it yourself ideas that

kiplinger's finance ranks sunnyvale number seven on the list of ten greatest cities to raise your kids. the report cites the low crime rate and high academic achievement of reasons to raise your kids there. number nine, corona, number four thousand oaks, number one on the list, omaha, nebraska. >> yes, my home state living up to the husker's fight song. 5:09 right now. coming up, turf war, the fight to keep a synthetic soccer field from reaching the goal line. >>> could the facebook debacle end up in front of congress? >>> in the meantime, let's take a live look outside, beautiful bay area shot of the embarcadero along san francisco's water front this morning. >>> for the latest updates, how about some weather, as well. check us out on facebook, all you have to do is search nbc bay ea. try new gold bond friction defense stick. it soothes skin and reduces friction. thanks, jimmy. think gold bond. ♪ this stuff works >>> and this is a beautiful live look outside. look at that, waiting for the sun's arrival this morning. colors changing in the sky already. it is 5:12. >>> continuing covera

. >> reporter: lisa gersner with kiplinger's personal finance is talking about the abundance of onlinesites. you can book a flight, your hotel, your car, even a cruise all online. do it yourself vacations. the down side? what if something goes wrong? >> especially when you're having a complex trip. so you're going to a lot of different places. you have a lot of different hotel rooms and airline plans to deal with. maybe you don't realize that you booked your flight for the wrong time and you can't get your hotel that night and you don't know what to do. you're in a strange city. you're stuck. >> reporter: many consumers are beginning to realize it's good to have someone to lean on. travel agents say they can save you time and help you avoid scams. >> you don't want to go to italy and find that your villa doesn't exist or that you were scammed of $2500 for a week's stay. those things happen and they happen day after day. >> reporter: heather dolstra is a travel agent and democracy travel in northwest washington. she and many other good agents survived the internet travel booking craze b

she reports on personal finance for cbs "moneywatch" and "kiplinger's personal finance." kathy kristof, let's start with consumers. are people generally more willing to take on debt now? if so, who is doing it and what kind of debt? >> consumers are definitely taking on more debt. certainly on average. what you see are two different groups of consumers. we have people who never really had a problem in the financial crisis. they didn't lose their jobs. they never were over extend extended. they've never had difficulty in paying their bills but they've been very cautious over past couple of years. right now they're in very good shape because rate now the debt they have is is at lower interest race. mortgage rates in particular have gone down. for most families that means that 30% of your budget is actually at a lower price. you're in good shape. the other side of the coin are the consumers who did have real problems in the financial crisis. some of them lost their homes. a lot more declared bankruptcy. and oddly enough, those consumers are also actually in a better spot rig

kiplinger's personal finance ranks sunnyvale number seven on the list of ten greatest cities to raise your kids. the report sites the city's low cre rate, high academic achievement as reasons to raise your kids there. two other cities also made the list. number nine, corona, number four, thousand oaks. and number one on the list, omaha, nebraska. not your hometown, but your home state. >> home state nebraska. what i always tell people about that is, great place to grow up, but i wouldn't want to vacation there. >> we're happy here. >>> 6:12 right now. some of the giants not too thrilled about the playing conditions against the brewers. a little light on that subject and that loss coming up. >>> fire crews knocking down a blaze, the latest coming up. >>> and hewlett-packard breaks down the numbers for o usn upcoming layoffs. ♪ [ male announcer ] for our families... our neighbors... and our communities... america's beverage companies have created a wide range of new choices. developing smaller portion sizes and more low- & no-calorie beverages... adding clear calorie labels so you know