7 of 10 Americans Have less Than
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$1000 in a savings acct..
UNREAL
Not sure I'm buying into this
http://www.usatoday.com/story/money/personalfinance/2016/10/09/savings-study/91083712/
I was thinking along the same lines so I did a little fact checking and it's pretty much true and very scary for our people and country as a whole.....which is also deeply in DEBT.$1000 in a savings acct..
UNREAL
Not sure I'm buying into this
http://www.usatoday.com/story/money/personalfinance/2016/10/09/savings-study/91083712/
I thought the Millenials were starting to get a handle on their attitudes toward money, saving, credit, debt and all the other related matters but it might not be happening fast enough although financial planning is not exclusive to any one group.
I've always been quite interested in the topic in general being from a pretty financially prudent family growing up. I also continued it somewhat in my personal and professional life and in college my undergraduate degree was a major in Industrial Management minor in Economics. In my MBA I had a dual major in Management and Finance which was my choice because that's where the action really is in business and life plus I enjoyed it.
Many years back the old standard was half the general population had less than $25,000 in savings and half of them had near $0. This 65-70% have less than $1,000 is shocking and outright scary.
I have done taxes for over 30 years as a sideline which I'm now retired and pretty much completely out of now, many years ago I set up a tax business which I turned over to a friend to run and SHE has done very well with it but in that time I've seen some strange and amazing returns. I have noticed over the last 10-15+ years an increased reliance on getting government assistance just to get by year to year, maybe month to month.
I have also done financial and tax planning for friends and family laying out the basics plus I try to lead them to take advantage of the abundant information online. Setting up the standard goals, age, time horizons, risk tolerance, systematic savings , etc. similar to setting up a 401(k) is relatively easy sticking to it is the hard part.
Finally I have no idea why they do not start teaching our kids at the junior high school level and require mandatory high school household finance courses before they graduate. Obviously most do not get this information at home.
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I was thinking along the same lines so I did a little fact checking and it's pretty much true and very scary for our people and country as a whole.....which is also deeply in DEBT.$1000 in a savings acct..
UNREAL
Not sure I'm buying into this
http://www.usatoday.com/story/money/personalfinance/2016/10/09/savings-study/91083712/
I thought the Millenials were starting to get a handle on their attitudes toward money, saving, credit, debt and all the other related matters but it might not be happening fast enough although financial planning is not exclusive to any one group.
I've always been quite interested in the topic in general being from a pretty financially prudent family growing up. I also continued it somewhat in my personal and professional life and in college my undergraduate degree was a major in Industrial Management minor in Economics. In my MBA I had a dual major in Management and Finance which was my choice because that's where the action really is in business and life plus I enjoyed it.
Many years back the old standard was half the general population had less than $25,000 in savings and half of them had near $0. This 65-70% have less than $1,000 is shocking and outright scary.
I have done taxes for over 30 years as a sideline which I'm now retired and pretty much completely out of now, many years ago I set up a tax business which I turned over to a friend to run and SHE has done very well with it but in that time I've seen some strange and amazing returns. I have noticed over the last 10-15+ years an increased reliance on getting government assistance just to get by year to year, maybe month to month.
I have also done financial and tax planning for friends and family laying out the basics plus I try to lead them to take advantage of the abundant information online. Setting up the standard goals, age, time horizons, risk tolerance, systematic savings , etc. similar to setting up a 401(k) is relatively easy sticking to it is the hard part.
Finally I have no idea why they do not start teaching our kids at the junior high school level and require mandatory high school household finance courses before they graduate. Obviously most do not get this information at home.
Hallelujah! When my daughter brought her high school schedule home this year I saw "Financial Management" as a required course, I knew somebody saw a need and made a change.Finally I have no idea why they do not start teaching our kids at the junior high school level and require mandatory high school household finance courses before they graduate. Obviously most do not get this information at home.
Maybe there's hope for the next generation.
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Hallelujah! When my daughter brought her high school schedule home this year I saw "Financial Management" as a required course, I knew somebody saw a need and made a change.Finally I have no idea why they do not start teaching our kids at the junior high school level and require mandatory high school household finance courses before they graduate. Obviously most do not get this information at home.
Maybe there's hope for the next generation.
Hallelujah! When my daughter brought her high school schedule home this year I saw "Financial Management" as a required course, I knew somebody saw a need and made a change.
Maybe there's hope for the next generation.
No women's or black studies???
WSS
www.westsidesteve.com www.myspace.com/westsidestevemusic www.cdbaby.com/artist/westsidestevesimmons -
I can relate actually. When the kids were at home and we had the big house it was expensive. Now that my wife and I are enjoying our modest apartment building things are cheaper so we can save now.
It needs to be broken down in an age category rather than just a general public. Come on fellas you know what's up.
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How can you tell if someone is republican or democrat?Hand them a hundred dollar bill. A democrat puts it in his front pocket a republican puts it in the bank.
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Sounds about right - and not just limited to americans. Same story here, young people don't have life skills, whether it's financial management or even things like how to change a lightbulb, how to reset a tripped fuse, etc.
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You don't reset tripped fuses. You reset tripped circuit breakers. Fuses have to be thrown away and replaced.
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You don't reset tripped fuses. You reset tripped circuit breakers. Fuses have to be thrown away and replaced.
You don't reset tripped fuses. You reset tripped circuit breakers. Fuses have to be thrown away and replaced.
Yes indeed, my bad. Posted before my coffee. Never a good idea.
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Sounds about right - and not just limited to americans. Same story here, young people don't have life skills, whether it's financial management or even things like how to change a lightbulb, how to reset a tripped fuse, etc.
And to be honest younger people have not grown up having to take care of most of that shit. You get your allowance but you don't usually have to pay the gas bill the water bill or the electric bill for the cable bill or buy the groceries or the mortgage or the rent or go to work...Sounds about right - and not just limited to americans. Same story here, young people don't have life skills, whether it's financial management or even things like how to change a lightbulb, how to reset a tripped fuse, etc.
It takes a few years to get used to that shit. Sorry Woody.
WSS
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And to be honest younger people have not grown up having to take care of most of that shit. You get your allowance but you don't usually have to pay the gas bill the water bill or the electric bill for the cable bill or buy the groceries or the mortgage or the rent or go to work...Sounds about right - and not just limited to americans. Same story here, young people don't have life skills, whether it's financial management or even things like how to change a lightbulb, how to reset a tripped fuse, etc.
It takes a few years to get used to that shit. Sorry Woody.
WSS
And to be honest younger people have not grown up having to take care of most of that shit. You get your allowance but you don't usually have to pay the gas bill the water bill or the electric bill for the cable bill or buy the groceries or the mortgage or the rent or go to work...
It takes a few years to get used to that shit. Sorry Woody.
WSS
My guess is Woody's one of the exceptions who can do that shit, tbf.
For me, university was actually really great for that. You're living on your own (or with a few others of the same age/experience) and for the first time you have to deal with that shit, but you can still lean on parents for advice, but also the student center has places that are designed to answer questions on those fronts.
I'm not sure how it's set up there though? Here you're in campus accommodation for first year, then on your own - find a place to live, pay rent, pay bills, keep the house running, mow the garden if necessary, all the little things you don't think about as a kid.
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Oh I agree I just picked on Woody because he regularly gets upset if somebody mentions that young people don't have the life experience necessary to make some decisions.
I figure he has his shit together better than most, but don't tell the little arrogant fucker.
WSS
www.westsidesteve.com www.myspace.com/westsidestevemusic www.cdbaby.com/artist/westsidestevesimmons -
Hallelujah! When my daughter brought her high school schedule home this year I saw "Financial Management" as a required course, I knew somebody saw a need and made a change.
Maybe there's hope for the next generation.
No women's or black studies???
WSS
No women's or black studies???
WSS
Come on now, she's not majoring in theater arts
Ja.brill Peppers - Cleveland Brown OldBrownsFan, on 02 Jun 2017 - 5:09PM said: "No you are not the work of the devil but you are deceived by the devil." Who's got it better than us? Nooooobody! -
Oh I agree I just picked on Woody because he regularly gets upset if somebody mentions that young people don't have the life experience necessary to make some decisions.
I figure he has his shit together better than most, but don't tell the little arrogant fucker.
WSS
Oh I agree I just picked on Woody because he regularly gets upset if somebody mentions that young people don't have the life experience necessary to make some decisions.
I figure he has his shit together better than most, but don't tell the little arrogant fucker.
WSS
1) No. I get annoyed when someone acts like being older automatically makes them right. Whether you're 22 or 82, you need to present a good argument with facts and data.
2) I've been paying for everything for years now. I'm getting ready to buy a house. I'm doing alright on the money side
(not having crippling student loan debt helps)
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No women's or black studies???
WSS
Come on now, she's not majoring in theater arts
Come on now, she's not majoring in theater arts
Damn right bud.
It takes talent to major in theatre arts. And wisdom to minor in secondary ed.
And brains to major in engineering.
Women's studies requires only a vagina and a bad attitude.
Black studies are for gifted athletes on a scholarship without any reading and writing skills.
WSS
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Hallelujah! When my daughter brought her high school schedule home this year I saw "Financial Management" as a required course, I knew somebody saw a need and made a change.
Maybe there's hope for the next generation.
No women's or black studies???
WSS
Hell I'm surprised she even goes to school.No women's or black studies???
WSS
She's 16 and already knows every fucking thing in the world!
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No women's or black studies???
WSS
Come on now, she's not majoring in theater arts
She actually wants to be a lawyer...and she wants to go to Case.Come on now, she's not majoring in theater arts
I hope she doesn't expect good ol' dad to foot the bill.
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She actually wants to be a lawyer...and she wants to go to Case.Come on now, she's not majoring in theater arts
I hope she doesn't expect good ol' dad to foot the bill.
She actually wants to be a lawyer...and she wants to go to Case.
I hope she doesn't expect good ol' dad to foot the bill.
First ask her if she knows how many lawyers there are now in Ohio.
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