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.
Archive for July, 2015
Long Island commuters contribute substantially to the bi-county’s economy. The Long Island Research Institute recently examined the latest U.S. Census Data from its Journey To Work survey. Thirty-nine percent (39%) of all wages and salaries Long Islanders earned are from those who commute to the city. Nassau commuters represent almost 57% of those wages and salaries returned to the county, while Suffolk commuters earned 21%. The New York City continues to be very important to the Long Island economy.
Nielsen just released its First Quarter 2015 Total Audience Report on media consumption. It should come as no surprise that millennials (aged 18-34) tune in using their smartphones——-spending 9.5 hours weekly , almost double the average of all adults(5.5 hours). Their tv consumption pales compared to other adults, spending only 22 hours weekly versus 36 hours by all adults.
The John Templeton Foundation, a philanthropic organization funding inter-disciplinary research, conducted a study of 5,000 college students in 2014 to determine qualities that young entrepreneurs typically exhibit. The findings reveal these aspiring entrepreneurs display four key qualities——innovative thinking, self-control, an inclination to take the initiative, and entrepreneurial mentors who were role models that supported their entrepreneurial interests.