Dates for the next three workshops concerning the Melville Employment Center have been set. This a Huntington Town sponsored plan to improve the Route 110 Corridor. All interested residents, employees, property owners, and other interested parties are encouraged to attend. The dates for these workshops——-
Tuesday, September 29 7 pm- 9pm Location—-Melville Fire Department, 531 Sweet Hollow Road
Wednesday, October 21 Location—-West Hollow Middle School, 250 Old East Neck Road
Tuesday, November 17 Location to be determined
Employees are increasingly becoming business owners as the sales of small businesses rise. Sales are up 60% since 2102, as retiring baby boomers fuel the surge, according to BIZBUYSELL.com. Often selling to employees makes the transaction easier. These former employees most likely were general managers, operating personnel or foremen who worked for the company many years.
A survey of 500 employees by GFI Software, a web-based IT company, found one in four workers reply within 15 minutes to an email. Interestingly, only one in 10 expect such quick responses.
The Huntington Public Library is part of the Foundation Center’s Funding Information Network, a program of free funding information for the Foundation Center’s publications and databases. The library provides free access to the FOUNDATION DIRECTORY ONLINE PROFESSIONAL, a database to 120,000 foundations, corporate donors, and grant making public charities. This resource is invaluable to students, artists, researchers, and other individuals seeking scholarships, grants, and fellowships. These resources are available to all. For more information and to make an appointment call Therese Nielson at 631-427-5165 ex.t 250.
According to a new study from the Employee Benefit Research Institute, forty-five percent (45%) of older households (those over 50 years) made money transfers to a younger family member—– up from 39% in 1998. Among those aged 50-64 it averaged $4,000 annually. For those over 64 the amount averaged $2,000. This trend will most likely continue as boomer kids continue to be strapped with student loan debt and unable to secure good paying jobs. No worry about estate taxes for the kids. There will most likely be nothing left in the 401k accounts.
A June 2015 Wells Fargo Real Economy survey of 3, 533 adults found few Americans have a positive view of the economy.
*Only 22% believe the public education system prepares youth for the workforce. Recent reports seem to confirm employers’ inability to locate skilled workers
*Only 22% believe they will have a financially secure retirement. The Federal Reserve recently published a survey and found 31% of Americans have no retirement savings or pension
*Only 17% believe the U.S. has a strong middle class. Outsourcing of jobs and the decline of unions are seen as factors in the decline.
A recent study by Allianz Life, an insurance company offering life insurance and annuities, found Generation Xers view their credit cards as a survival tool. For those aged 35-48, 48% say credit cards help them make ends meet. Forty-six percent(46%) pay only a partial amount of debt monthly, while 44% pay in full and 11% do not use a credit card. These Gen Xers are postponing retirement saving to pay off student loan debt and are facing housing values that are now worth less than when they were purchased. Not a good sign for the future.