Bernie's Time Machine: Rich Man, Poor Man

Hard times during the early 90's recession.

“In real money, I’ve lost a million dollars.”

In the early 1990s, the country went through a recession that lasted about eight months. It was relatively short by historical standards, but a number of Americans struggled during that time.

In February of 1991, for CBS News’s 48 Hours, I covered one such family whose patriarch had a real riches to rags story to tell.