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Post by jeffolie on Nov 9, 2015 17:07:28 GMT -6
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Post by jeffolie on Oct 15, 2015 4:45:20 GMT -6
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Post by jeffolie on Oct 9, 2015 15:39:07 GMT -6
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Post by jeffolie on Sept 27, 2015 6:49:04 GMT -6
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Post by jeffolie on Sept 25, 2015 5:00:02 GMT -6
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Post by jeffolie on Sept 21, 2015 14:07:58 GMT -6
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Post by jeffolie on Sept 20, 2015 15:46:03 GMT -6
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Post by jeffolie on Sept 18, 2015 15:26:30 GMT -6
September 18, 2015 Households by Race and Hispanic Origin in 2015 Overall household growth was sluggish between 2014 and 2015, but that's because the number of non-Hispanic White households fell by more than 200,000—an 0.2 percent decline. In contrast, the number of households headed by Blacks (alone or in combination) grew 2.8 percent, as did the number headed by Asians (alone or in combination). Hispanic households increased just 0.9 percent. Here is the number (and percent distribution) of households in 2015 by race and Hispanic origin... Households in 2015 by race and Hispanic origin Total: 124,587,000 (100.0%) Asian: 6,333,000 (5.1%) Black: 17,198,000 (13.8%) Hispanic: 16,239,000 (13.0%) Non-Hispanic White: 84,228,000 (67.6%) Note: Numbers do not add to total because Asians and Blacks are those who identify themselves as being of the race alone or in combination. Hispanics may be of any race. Source: Census Bureau, Income and Poverty in the United States: 2014 demomemo.blogspot.com/
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Post by jeffolie on Sept 16, 2015 15:16:49 GMT -6
September 15, 2015 Inheritance and Retirement Risk How much do inheritances contribute to retirement readiness? That's the question asked by the Center for Retirement Research (CRR). The answer is not much. Researchers at the Center for Retirement Research analyzed the impact of inheritances on the National Retirement Risk Index (NRRI) using inheritance data from the Federal Reserve's 2013 Survey of Consumer Finances. The NRRI is a measure of the percentage of households at risk of missing their target retirement income replacement rate. In 2013, the NRRI was 51.6—meaning 51.6 percent of working-age households are at risk at age 65 of being unable to maintain pre-retirement spending after retirement. If inheritances were eliminated, the percentage at risk rises by only 0.8 percentage points—to 52.4 percent. Why do inheritances have such a small impact on retirement readiness? One reason is that few households receive an inheritance—only 19 percent had ever received an inheritance, according to the 2013 Survey of Consumer Finances. Another reason is that most inheritances are modest. Among householders aged 30 to 59 who had received an inheritance, the median value was just $87,500 (including the value of inherited houses). Finally, inheritances don't have much of an impact because those who receive them are already better prepared for retirement (risk index of 40.4) than those who do not (risk index of 54.2). Among households receiving an inheritance, eliminating the windfall boosts their risk of running out of money from 40.4 to 44.8 percent—still well below average. Source: Center for Retirement Research at Boston College, How Do Inheritances Affect the National Retirement Risk Index? demomemo.blogspot.com/
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Post by jeffolie on Sept 12, 2015 15:25:34 GMT -6
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Post by jeffolie on Sept 8, 2015 15:37:39 GMT -6
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Post by jeffolie on Sept 7, 2015 12:20:41 GMT -6
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Post by jeffolie on Sept 6, 2015 15:30:26 GMT -6
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Post by jeffolie on Sept 6, 2015 15:12:45 GMT -6
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Post by jeffolie on Sept 6, 2015 14:39:03 GMT -6
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Post by jeffolie on Sept 3, 2015 15:58:54 GMT -6
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Post by jeffolie on Aug 30, 2015 8:09:59 GMT -6
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Post by jeffolie on Aug 30, 2015 7:53:13 GMT -6
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Post by jeffolie on Aug 27, 2015 5:05:34 GMT -6
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Post by jeffolie on Aug 24, 2015 4:54:08 GMT -6
The overnight futures are down 700 to 800 dow points....blackish Monday
Oil $38.80
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Post by jeffolie on Aug 22, 2015 16:03:25 GMT -6
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Post by jeffolie on Aug 22, 2015 15:58:54 GMT -6
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Post by jeffolie on Aug 22, 2015 15:47:41 GMT -6
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Post by jeffolie on Aug 22, 2015 7:25:46 GMT -6
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Post by jeffolie on Aug 11, 2015 10:57:30 GMT -6
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Post by jeffolie on Aug 9, 2015 4:56:00 GMT -6
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Post by jeffolie on Aug 5, 2015 7:06:01 GMT -6
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Post by jeffolie on Aug 5, 2015 4:31:21 GMT -6
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Post by jeffolie on Aug 4, 2015 18:12:22 GMT -6
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Post by jeffolie on Jul 29, 2015 15:23:07 GMT -6
July 29, 2015 Growing Wealth Gap Between Old and Young The old are wealthier than the young, a pattern that has long been true. But the gap is growing, according to an analysis by the Federal Reserve Bank of St. Louis. Using data from the Survey of Consumer Finances, researchers compared median wealth in 1989 and 2013 for households in three broad age groups. Here are the trends (in 2013 dollars)... Old (aged 62+): +40% Median wealth in 2013: $209,590 Median wealth in 1989: $149,728 Middle-aged (aged 40-61): –31% Median wealth in 2013: $106,094 Median wealth in 1989: $153,759 Young (under age 40): –28% Median wealth in 2013: $14,220 Median wealth in 1989: $19,830 The old are doing better, and the middle-aged and young are falling behind. There's more bad news: "Baby boomers, who are now retiring in droves, are likely to be less well-off than their 'old' counterparts in the two previous generations," the Fed researchers conclude. "And it looks as if members of the next two generations—Generation X and Generation Y (the millennials)—might also end up less wealthy than the generation before them." Source: Federal Reserve Bank of St. Louis, The Demographics of Wealth—How Age, Education and Race Separate Thrivers from Strugglers in Today's Economy, Essay No. 3: Age, Birth Year and Wealth demomemo.blogspot.com/
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