Ep. 737: Where Chinese mothers fight to the finish
The 404 is back with our first show featuring all three of us back in our home studio, and it feels great! CBS MoneyWatch's Financial Decoder Jill Schlesinger, aka #AuntJill, makes her 2011 debut and answers a few listener questions about the uphill economic battle in 2011 and planning for your retirement.
We haven't had a chance to talk to Wilson about his month away in China, so he tells us how he got hit by a bus in Guangdong, and would you believe it? His iPhone was not to blame! Sounds like the Asian driver stereotype might actually be true when it comes to Chinese bus drivers.
Speaking of stereotypes, Amy Chua from the Wall Street Journal sparked some controversy for an incendiary article entitled Why Chinese Mothers are Superior so Jill posted her response that examines the surge of wealthy women in China and the effect that strong parenting can have on a country's economy. We all agree with Chua when she says that "nothing is fun until you're good at it." Sage advice!
Finally, Jill answers questions from listeners wondering about reporting taxes without a Social Security number, the best way to save for retirement, how to refinance or purchase a home, and what kind of economic growth we can expect in the new year!
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