College students, or individuals of that same age group, believe that they’ll be just as happy as their parents however expect to earn less over their lifetimes. The AP found that people aged 18 to 24 expected greater levels of debt and higher costs in their life than their parents, but were still generally positive about their futures. Resource for this article – Students optimistic about the future, despite expecting less cash by MoneyBlogNewz.
Younger generation expects less money, more happiness
MSNBC reports that several in college feel like they won’t be making any money although they’ll be happy nevertheless. A poll conducted by the AP and Viacom of 18- to 24-year-old individuals found that 40 percent of survey subjects thought that traditional goals like raising a family and purchasing a home would be more difficult than it was for their parents. When it comes to life, 25 percent believed they’d have it simple. They assumed it would be easier than their parents’ lives were. There were 90 percent that still expected to find an excellent career. They planned on it be fulfilling as well.
Problems with money start with student debt
The individuals in the AP survey indicated that they believed making a living would be harder due to increased costs. Among costs steadily increasing for individuals in that age group is student debt. The average college graduate has about $24,000 in loan debt, according to the New York Times, which at a rate of interest of 6.8 percent demands a payment of $276 per month, and student loans can’t be discharged in bankruptcy. The Department of Education reports that 65.6 percent of all undergraduates from 2007 to 2008 received some sort of financial aid, and 38.5 percent of all undergraduates had student loans of some sort. The Department of Education found that 30 percent of all undergraduates took out subsidized Stafford loans and 22 percent borrowed non-subsidized Stafford loans.
The right investment
The bureau of Labor Statistics states that the average earnings with a college degree are $53,000 a year. Hardly anyone gets it quickly though. A guarantee of income is unlikely with a college degree. Rather, the likelihood an individual will end up in the middle class eventually with the degree is higher. Individuals with college degrees also tend to have lower rates of joblessness; Americans with bachelor’s degrees had a 4 percent lower rate of joblessness than those with only a high school diploma in 2009. The cost of a degree is increasing though.
Information from
MSNBC
msnbc.msn.com/id/42643248/ns/business-your_retirement/
Department of Education
nces.ed.gov/fastfacts/display.asp?id=31
New York Times
economix.blogs.nytimes.com/2011/04/15/how-worrisome-is-student-debt/?partner=rss&emc=rss
Bureau of Labor Statistics
bls.gov/emp/ep_chart_001.htm
Saturday, April 30, 2011
Monday, April 25, 2011
Gold Prices Touch $1500 as Some Question Inflationary Pressures
Gold costs are the same as any commodity. They fluctuate in the face of pressures of the outside industry. Today, after quality of U.S. debt was questioned by Standard and Poor’s, gold commodities struck a record high, $1,500 per ounce. The price of gold has been going up in a very strong trend over the last few years. Several say this is proof of a weak economy, others are worried this may be an industry ripe for a bubble. Resource for this article – Gold prices touch $1,500 as some question inflationary pressures by MoneyBlogNewz.
High record of gold prices
Two markers have gold on them. These are the major markers anyway. There is a commodity price of gold known as “exchange-traded products.” This is the industry price of shares being purchased in gold typically. Getting gold is also possible. Usually bars or coins are sold. It is easier to fake coins. They go for a higher price as well. Gold certificates are a middle ground, a promise that the gold indicated on the certificate is accessible and belongs to the owner. The commodity price and spot price are tied together. Today’s spot price of gold hit $1,500 in U.S. dollars, an amount that gold has never hit in the past.
Gold market concerns
Gold prices go up every time the financial markets go down. Investors often view gold as a hedge, a “safe haven” of investment. Gold is not like currency in that it will always maintain or increase in value. Since the value of currency of the United States was decoupled from gold, demand for gold has been going up. The value of gold will always stay the same, most assume. Some financial experts are concerned that several individuals are using short-term financial solutions or personal financing as a way of getting into the gold industry that may or may not be worth the investment. Gold prices could easily begin to drop again considering the chance that it could just be a bubble.
Be wary of gold-investment advisers
Investing in gold can have rewards. There are risks too though. Gold has over the years been a strong investment, but dips in costs are possible with fluctuating demand, central bank policies changing and inflation amounts of various currencies fluctuating. Gold is the “only smart investment in the current economy” according to some gold-investment advisers. A lot of advisers sell gold investments. This is done to make money. Balance your gold investment with other investments though if you are going to do it.
Information from
Wall Street Journal
online.wsj.com/article/BT-CO-20110419-701261.html
Kitco
kitco.com/charts/livegold.html
Gold News
goldnews.bullionvault.com/gold_bubble_111120105
High record of gold prices
Two markers have gold on them. These are the major markers anyway. There is a commodity price of gold known as “exchange-traded products.” This is the industry price of shares being purchased in gold typically. Getting gold is also possible. Usually bars or coins are sold. It is easier to fake coins. They go for a higher price as well. Gold certificates are a middle ground, a promise that the gold indicated on the certificate is accessible and belongs to the owner. The commodity price and spot price are tied together. Today’s spot price of gold hit $1,500 in U.S. dollars, an amount that gold has never hit in the past.
Gold market concerns
Gold prices go up every time the financial markets go down. Investors often view gold as a hedge, a “safe haven” of investment. Gold is not like currency in that it will always maintain or increase in value. Since the value of currency of the United States was decoupled from gold, demand for gold has been going up. The value of gold will always stay the same, most assume. Some financial experts are concerned that several individuals are using short-term financial solutions or personal financing as a way of getting into the gold industry that may or may not be worth the investment. Gold prices could easily begin to drop again considering the chance that it could just be a bubble.
Be wary of gold-investment advisers
Investing in gold can have rewards. There are risks too though. Gold has over the years been a strong investment, but dips in costs are possible with fluctuating demand, central bank policies changing and inflation amounts of various currencies fluctuating. Gold is the “only smart investment in the current economy” according to some gold-investment advisers. A lot of advisers sell gold investments. This is done to make money. Balance your gold investment with other investments though if you are going to do it.
Information from
Wall Street Journal
online.wsj.com/article/BT-CO-20110419-701261.html
Kitco
kitco.com/charts/livegold.html
Gold News
goldnews.bullionvault.com/gold_bubble_111120105
Monday, April 4, 2011
As labor market stalls,more individuals agree to work for free
U.S. companies are benefiting from a huge pool of unemployed workers who are willing to work for free to gain experience. The use of unpaid labor has increased substantially during the recession. Federal regulators are warning that if the pattern continues any recovery in the labor sector will be further pushed back. In an effort to pursue the integrity of the labor sector, federal regulators have been considering tighter control over the policies governing the application of unpaid labor by U.S. companies. Article resource – Trend of unpaid labor threatens to further undermine job market by MoneyBlogNewz.
People will work for free for a job
College graduates aren't the only ones trying to get unpaid internships right now. There are several seasonal workers starting to join the about 14 million unemployed while only about one sixth of them have jobs. It is simple to figure out that workers are being exploited in all areas where they’re working for free to hopefully get a paying job by simply going on to Craigslist even though you will find unpaid labor official statistics. For an employee, the experience and references of the job are sometimes worth it. For the businesses though, sometimes it isn't worth getting someone for free who cannot do anything you need done. Unpaid workers are not easy to handle while paying an employee is easier sometimes.
Many upset about unpaid internships
The rise of illegal unpaid labor in the aftermath of the recession has elevated red flags with the federal government. A report was issued last April by the Economic Policy Institute. “Not So Equal Protection — Reforming the Regulation of Student Internships,” was what it was called. The point of the report was to get unpaid internship regulation on a federal level. In accordance with the institute, current regulations controlling unpaid internships must be reformed, not only for the protection of unpaid workers, but to maintain a healthy labor market and prevent any further decline in wages, which have been sliding for 40 years. In the report, the institute contends that the present lack of clear regulations exposes unpaid labor to workplace discrimination and encourages businesses to replace paid positions with unpaid internships.
Unpaid labor regulations
Despite the institute’s call for more government regulation, federal and state rules require that workers must be paid the minimum wage and overtime. Unpaid internships are okay sometimes. Companies have to follow the Fair labor Standards Act though. An internship can't replace a paid position while benefiting the intern more than the company according to the FLSA. Back pay is required when a company is caught doing this. The company also has to pay $1,100 per violation and all of the damages. Companies that make less than $500,000 in revenue is considered a small company to the FLSA and do not have to follow the rules. The FLSA exemption is forfeited by a business if it does interstate commerce as simple as taking credit cards and calling another state.
Information from
Fortune
management.fortune.cnn.com/2011/03/25/unpaid-jobs-the-new-normal/
Inc.com
inc.com/news/articles/2010/04/what-unpaid-interns-could-cost-you.html
The Hoya
thehoya.com/news/interns-pick-experience-over-pay-1.2124349
People will work for free for a job
College graduates aren't the only ones trying to get unpaid internships right now. There are several seasonal workers starting to join the about 14 million unemployed while only about one sixth of them have jobs. It is simple to figure out that workers are being exploited in all areas where they’re working for free to hopefully get a paying job by simply going on to Craigslist even though you will find unpaid labor official statistics. For an employee, the experience and references of the job are sometimes worth it. For the businesses though, sometimes it isn't worth getting someone for free who cannot do anything you need done. Unpaid workers are not easy to handle while paying an employee is easier sometimes.
Many upset about unpaid internships
The rise of illegal unpaid labor in the aftermath of the recession has elevated red flags with the federal government. A report was issued last April by the Economic Policy Institute. “Not So Equal Protection — Reforming the Regulation of Student Internships,” was what it was called. The point of the report was to get unpaid internship regulation on a federal level. In accordance with the institute, current regulations controlling unpaid internships must be reformed, not only for the protection of unpaid workers, but to maintain a healthy labor market and prevent any further decline in wages, which have been sliding for 40 years. In the report, the institute contends that the present lack of clear regulations exposes unpaid labor to workplace discrimination and encourages businesses to replace paid positions with unpaid internships.
Unpaid labor regulations
Despite the institute’s call for more government regulation, federal and state rules require that workers must be paid the minimum wage and overtime. Unpaid internships are okay sometimes. Companies have to follow the Fair labor Standards Act though. An internship can't replace a paid position while benefiting the intern more than the company according to the FLSA. Back pay is required when a company is caught doing this. The company also has to pay $1,100 per violation and all of the damages. Companies that make less than $500,000 in revenue is considered a small company to the FLSA and do not have to follow the rules. The FLSA exemption is forfeited by a business if it does interstate commerce as simple as taking credit cards and calling another state.
Information from
Fortune
management.fortune.cnn.com/2011/03/25/unpaid-jobs-the-new-normal/
Inc.com
inc.com/news/articles/2010/04/what-unpaid-interns-could-cost-you.html
The Hoya
thehoya.com/news/interns-pick-experience-over-pay-1.2124349
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