Category Archives: Personal Finance

Rampant Youth Unemployment in the United States and Europe: How we got here and how to get out of the mess. Misleading a generation of young people. A way out of this mess? Part 3

There’s a terrible irony of youth unemployment in the United States and in Europe: Millions of young college graduates can’t find a job. Millions of technical jobs go unfilled. That’s because companies can’t find the right people for many jobs. (Please see note after Q & A). It’s a big problem. Many companies are coming…

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Rampant Youth Unemployment in the United States and Europe: How we got here and how to get out of the mess. Misleading a generation of young people. Part 2

The problem of youth unemployment, those in their 20s without jobs yet many of whom spent years and a small fortune at a traditional university, is worse than the official government statistics lead us to believe. That’s because many job-seeking young college graduates become discouraged. Then they no longer register with employment agencies. They are…

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Rampant Youth Unemployment in the United States and Europe: How we got here and how to get out of the mess. Misleading a generation of young people. Part 1

You meant well when you preached the value of higher education to your children. You constantly pushed and prodded your son or daughter: Go to a university. Get a degree. Stay with it. Make good grades. And, if necessary, borrow lots of money to pay for four years of higher education—-or possibly five or six…

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Costs Matter Everywhere: Whether running a show on Broadway or trying to reach a retirement goal, costs are key.

The principles of value investing are as important on the Great White Way as they are on Main Street, where the average person tries to achieve a long-term financial goal. Indeed, that is what I learned after I recently completed a story for the New York Post on why so many Broadway shows don’t make…

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The Quiet Crisis in America, Part 2: A lack of savings makes the last years a miserable time for many.

The lack of retirement saving, an over reliance on old-age government welfare programs such as Social Security, is creating a crisis for millions of Americans in their 50s and 60s. Before I begin to offer some suggestions, let us, once again, detail how many Americans are facing a difficult retirement or already are in one.…

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The Quiet Crisis in America, Part I: A lack of savings makes the last years a miserable time for many.

“Old age is a shipwreck,” Charles De Gaulle, president of France and creator of the Fifth Republic in 1958 Millions of Americans are having or will be having a terrible retirement. Their lives are now or will be a shipwreck. They virtually live from Social Security check to Social Security check. “Just under a third…

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