Dependence on Mom and Dad prepares them to be successful adults.
Generation Y is often thought of as a slacker group of young adults who have failed to launch, delaying real careers and families until later in life. But new research suggests their heavy dependence on Mom and Dad might ultimately prepare them to be successful adults.
Continue reading… “Gen Y Just Slow Starters, Not Slackers: Study”
An elderly woman cries in the devastated town of Rikuzentakata in Iwate prefecture.
There are events in history that sear themselves into the world’s collective imagination, and enter the realm where myth meets heartbreaking reality.
The smartest 5 percent, made a big contribution to the strength of their economies.
It’s not just how free the market is. Some economists are looking at another factor that determines how much a country’s economy flourishes: how smart its people are. For a study published in an upcoming issue of Psychological Science, researchers analyzed test scores from 90 countries and found that the intelligence of the people, particularly the smartest 5 percent, made a big contribution to the strength of their economies.
Continue reading… “Wealthiest Countries Are Also the Smartest Countries: Study”
A coal truck drives through an railroad tressel near downtown Welch, W.Va.
Nestled within America’s once-thriving coal country, 87-year-old Ed Shepard laments a prosperous era gone by, when shoppers lined the streets and government lent a helping hand. Now, here as in one-fourth of all U.S. counties, West Virginia’s graying residents are slowly dying off.
Continue reading… “1 in 4 U.S. Counties Are Dying”
Economic uncertainty, unstable prices and simple math have given Americans less incentive to buy.
Meredith Carr and Vince Melamed of Brentwood are just the sort of couple real estate agents have always counted on to buy a home. Melamed is a successful keyboardist and songwriter who wrote hits including Trisha Yearwood’s “Walkaway Joe,” and Carr is a freelance editor. They owned a home in Nashville, but when they moved to Los Angeles last year they decided they did not want to tie up their money in real estate, or be on the hook for home repairs and upkeep.
Continue reading… “Owning a Home in the U.S. Loses It’s Luster”
Sewanee, a Tennessee liberal arts college.
For those who wonder how college tuition costs manage to keep rising year after year, apparently defying laws of economic gravity, Sewanee, a liberal arts college in Tennessee, has an answer: they can’t. On Wednesday, Sewanee announced that it will cut its $46,000 annual bill for students by 10 percent in the fall.
Continue reading… “Tennessee College Bucks the Trend by Lowering Tuition”
Recession strengthens marriage vows.
While money problems sometimes strain a marriage, the opposite may also hold true: More than one-quarter of married Americans polled in a recent survey said the current recession has strengthened their union.
Continue reading… “Survey Finds Recession Can Strengthen a Marriage”
One quarter of students defaulted within 3 years of starting repayment on their college loans.
About one-quarter of students who took out federal loans to attend for-profit colleges defaulted within three years of starting repayment, according to a new federal analysis.
Evidence of a skills mismatch became increasingly clear in Fresno after the housing bubble burst, causing joblessness to nearly triple.
This city is grappling with one of the most troubling contradictions of the new economy: Even as it has one of the nation’s highest unemployment rates, it has thousands of job openings.
Indians get richer.
Per capita income of Indians grew by 14.5% to Rs 46,492 in 2009-10 from Rs 40,605 in the year-ago period, as per the revised data released by the government today.
Continue reading… “Per Capita Income Grew by 14.5% in India”
American dream of homeownership is not right for everyone.
Homeownership used to be the bedrock of the American dream, but the economic storm and its lasting effects have radically changed how everyone — no matter what stage of life they’re in — looks at their home.
Continue reading… “Home Ownership’s Changing Financial Role”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
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