larry winget, does the investment pay off, my friend? is it worth it? >> can be worth it.t does not always pay off depending what you get a degree in sometimes it takes way too long for that to pay off. i think the problem is we as a society see college as the solution for all kids. it isn't. trade schools first of all, you get out sooner and it doesn't khowst as much, and there's a lot of blue collar jobs paying a whole lot more than a lot of white collar jobs my now. gerri: i can tell you how much my plumber makes? >> exactly! >> david, what do you say? you know how much parents are suffering. >> so difficult. right now, look, i've got a five and 11-year-old. i'm having to save for college. gerri: you're screwed. >> did you just say that? we were talking about paying yourself first in the last segment. you got to pay your kids first. the way do you, that the number one way to save for college is a 529 plan. unfortunately 66% of americans have never heard of this plan. 529 plans are the best way to save for college. tax deferred savings account, $200,000 in the accounts,

president of the american action forum greg mcbride, the chief financial analyst for bankrate.com, and larry wingetinance expert. we're going to start with the big picture the economy, doug to you, news today, gdp didn't grow in the first quarter, it fell. the economy shrunk by 7/10 percent, how are people

president of the american action forum greg mcbride, the chief financial analyst for bankrate.com, and larry wingetrsonal finance expert. we're going to start with the big picture the economy, doug to you, news today, gdp didn't grow in the first quarter, it fell. the economy shrunk by 7/10 percent, how a

larry winget we're asking him. larry, we saw this story.diately this was for you, my friend. what do you make of these moochers? >> you know if you're 30 years old and you live with mom and dad you are failing as an adult. and if you're 30-year-old kid still lives with you you have failed as a parent. now, that fires people up. but the whole goal of parenting is independence. >> is it the parent's fault? >> absolutely. i think it's the parents fault because they didn't teach their kids the skills to go out and make it on their own. and they somehow taught their kids that it's okay to move back in. it's not okay. so as parents when your kids are little you have to teach them to go away. gerri: i talk to these kids. they can't find a job. they have no money. they have a ton of college debt. a couple of nights a month on the couch. why shouldn't they? >> you know, i'm not buying the whole can't find a job. i think sometimes they won't find a job because they're interested in pursuing their career. sometimes you set your career on hold and don'

of the american action forum, greg mcbride, the chief financial analyst for bankrate.com, and larry wingete a personal finance expert. we're going to start with the big picture, the economy, doug to you, news today, gdp didn't grow in the first quarter, it fell. the economy shrunk by 7

larry winget. >> thank you. neil: to the irs and 100,000 tax records compromised.not yours? two words. you don't! . neil: you know it's one thing for target to fess up and say it screwed up, quite another for the internal revenue service, if you think about it there's a big difference between a retailer saying your credit card is compromised, than the irs saying your tax data was. because 100,000 americans tax data was compromised and unbeknownsted to the largest tax collection power on earth. we don't know what on earth got out or whose tax info got out or whether any of the folks have found out. but what we do know is tax records tend to be a tad bigger than credit card receipts and in the wrong hands much more dangerous and prone to extortion, and keep in mind, this is what we know right now this all happened months ago and we're only learning about it now. cyberexpert ira victor says it's going to get worse. first my basic question i've raised this before why do we always find out well after the fact. with the irs it was a couple of months, but well after the f