Tag: Bloomberg News

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Educational Investing Quagmire

As state revenues shrink, the subsidies to public K-12 schools and higher education systems will shrink proportionately, effectively increasing the (or likelihood of) fiscal deficits for educational institutions. In a recent Bloomberg News article discussing the economic state of affairs in California, the fifth largest state economy in the United States:  California Governor Gavin Newsom …

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Fiscal Reckoning Dead Ahead

The $14 Billion bailout for U.S. colleges and universities as part of the recent CARES Act will not solve the widening financial deficits in higher education. Costs to maintain buildings and the physical grounds, despite the lack of students present on campus, as well as salaries to faculty and staff must still be paid. Additionally, …

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Difficult Labor Market Directly Ahead

Courtesy Bloomberg News The employment outlook is at best difficult, and at worst, dire, even worse than The Great Financial Crisis of 2009 which was the worst in 45 years. Now, is the time to think seriously how to compete for what will be a difficult employment environment, at least over the short and intermediate …

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The State of A College Education: How Golden Is The Golden Ticket? Part 3

In Parts 1 and 2, sentiment amongst college students and prospective college students may already be declining, which could be exacerbated even further, as we weather the current global pandemic with closed college campuses and students dispersed to their childhood homes. Additionally, the last of the Millennials are now college graduates, but experiencing a current …

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The State of College Affairs, Part 1

In the chart above, the confidence amongst college graduates has steadily increased during the longest economic expansion in U.S. history. Yet, as said sentiment drops with each recession and economists now predict recession within the next twelve months, I’d posit that sentiment amongst college graduates is rolling over and will revisit the 2009 lows. I …

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Is College the New Speculation?

Often students earn college degrees to increase their likelihood of future financial stability.  Yet, as college costs are rising, students and their parents subsequently are borrowing more to earn said degree, thus students “spend” the equivalent of a few years’ of post-graduation wages while parents may delay retirement, the question is, “Is college worth the …

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Welcome to the New Adulthood

For most of us, moving out of the parental units’ house is the ultimate signifier of adulthood.  So, what’s the threshold defining adulthood for the growing numbers of 25 year olds, who live with their parents (even after moving away for college)? Since 2002, parental co-residence rates have only risen:   And, in 2012:   Related PostsInterest: …

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What a 99 Year Old Wall Street Trader Knows

Although Irene Bergman intended her advice for Wall Street finance types, her wisdom can apply to anyone in any situation.  Bloomberg News recently highlighted Ms. Bergman for her longevity in a notoriously competitive business, stock trading. We can all learn a lesson, if for no other reason, than Ms. Bergman has the weight of a century …

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College Degree: Gateway to Middle Class Prosperity or Financial Burden?

While many students and their families pursue a 4 year college degree for the imagined financial security and solid middle class living, the cost(s), both to pay for the degree and the long term effects of earning the degree, may be greater than the return.  Generations have been raised to expect that their standard of …