TEENS LOSING INTEREST IN FACEBOOK

A recent survey found teen (13-17 years old) Facebook usage dropped from 94% in 2013 to 86% in 2014.   Twitter users from the same age group reached 48% in 2014 up from 46% a year earlier. Facebook at the moment is not too concerned. Among the most popular social media apps named by teens in the survey are Instagram and WhatsApp—–both owned by Facebook.

This survey was conducted by Frank N. Magid Associates , a research firm  .

Best Books for Investors

The Wall Street Journal on November 25, 2014 had an interesting list of  “Best Books For Investors” by Jason Zweig.  His premise was to compile a list that has stood the test of time and will remain pertinent for future investors.  A few from the list that are available at the Half Hollow Hills Community Library include:

TWO BOOKS ABOUT WARREN BUFFET

*Lowenstein, Roger.  Buffet:  The Making of an American Capitalist

*Schroeder, Alice.  The Snowball:  Warren Buffet and the Business of Life.

OTHERS

*Bogle,  John C.   Common Sense on Mutual Funds

*Graham, Benjamin.  The Intelligent Investor

*Huff, Darrell.   How to Lie With Statistics

*Kindleberger, Charles P.  Manias, Panics, and Crashes

*Schwed, Fred.   Where Are the Customer’s Yachts?

*Malkiel, Burton G.  A Random Walk Down Wall Street

*Kahneman, Daniel.  Thinking, Fast and Slow

*Bernsteinm Peter.  Against the Gods:  The Remarkable Story of Risk

 

 

A LOOK AT MILLENNIALS IN NASSAU and SUFFOLK COUNTIES

A recent survey conducted by the U.S. Census found these social , demographic and economic conditions among millennials (aged 18-34) in Nassau and Suffolk counties. A comparison of the counties, the state and the nation follows.

                                                   

                                        Nassau        Suffolk      New York      U.S.

Population (18-34)          19.5%             20.1%            24.1%          23.4%

Median Earnings             $42,952        $40,065        $39,290      $33,883

Living with a Parent         54.2%          50.2%             33.7%           30.3%

Living in Poverty               7.6%              7.8%               18%               19.7%

Never Married                 75.3%              73.2%              73.7%          65.9%

Bachelor’s Degree +       35.9%                   73.2%          73.7%          22.3%

White, Non-Hispanic       55.0%                   60.8%       51.7%           57.2%

Minority                             45%                    39.2%          48.3%           42.8 %

Foreign Born                    22.4%                 19.3%           23.6%          15.4%

Drove to Work                 75.7%                   88.1%           53.1%            84.5%

Language other than

English spoken at home 33.8%                   28.2%          33.7%           24.6%

Veterans                              0.8%                    1.5%            1.3%               2.4%