According to the most recent data compiled by the Labor of Bureau Statistics, full-time women workers earned a median weekly wage of $691, which is 81 percent less than the average man. Despite the fact that women typically earn less than males, 24…
Second Annual Personal Finance Education Rankings Announced New York, NY (PRWEB) April 07, 2014 – Second annual event marks the 11th anniversary of the national Working in Support of Education (w!se) Financial Literacy Certification Program Passaic…
Hoy hablamos de la compra de un auto (carro, vehículo, o coche), para poder comprar el mejor auto por nuestro dinero. Muchas veces la compra de un auto es una necesidad y usted no se puede dejar timar por persona inescrupulosas. Mas hoy escucharas los secretos para salir de deudas. Si tienes muchas deudas y estas atrasado con los pagos este es el programa para usted. Y por ultimo contestamos sus preguntas que llegaron por Facebook, Twitter, y Potencialmillonario.com .
Every day, while 49 percent of respondents in the survey carry as little as $20, or even less. Greg McBride, senior financial analyst for Bankrate.com, doesn’t believe we are ultimately moving toward a cashless society but said we may be getting closer to it.
“Stagnant incomes have taken a toll on a lot of household budgets,” he said.
Only 7 percent of Americans are packing $100 or more on a daily basis, according to the survey.
“We did find, not surprisingly, that women are more likely to carry less cash than men,” McBride said.
The poll said 86 percent of women carry less than $50 with them every day. That’s compared to 70 percent of men.
McBride believes we will still need cash for certain daily transactions. He said there may be those odd encounters with a bellhop or some other sort of service personnel where plastic does not cut it.
For more highlights of Bankrate.com’s May 2014 Financial Security Index, click here. Read More: Survey Says: We’re Carrying Less Cash [AUDIO] | http://nj1015.com/survey-says-were-carrying-less-cash-audio/?trackback=tsmclip
The society we live in and the pressure to spend that is all around us can make it difficult to save any money. From aggressive store promotions to sale catalogs and constant TV ads, you must use discipline to avoid buying each day. The tips in this…
Potencial Millonario Ep. 28- Liderazgo Hoy con Victor Hugo Manzanilla (parte2) En este programa de Potencial Millonario hablamos del día de las Madres y les pregunto valora usted a las mujeres en su vida? También discutimos los diferente trabajos que una madre puede hacer desde su casa. Y terminamos con la segunda parte de la entrevista con Victor Hugo Manzanilla, Blogger de Liderazgohoy.com donde hablamos sobre los hábitos que te llevan al éxito.
Potencial Millonario Ep. 28- Liderazgo Hoy con Victor Hugo Manzanilla (parte2)
There are 46 million poor people in the U.S., and millions more hover right above the poverty line — but go into many of their homes, and you might find a flat-screen TV, a computer or the latest sneakers.
And that raises a question: What does it mean to be poor in America today?
Take Victoria Houser, a 22-year-old single mother who lives in Painted Post, a small town in western New York. At first glance, her life doesn’t look all that bad. She lives in a cozy two-bedroom apartment. She has food, furniture and toys for her almost 2-year-old son, Brayden. He even likes playing a game called Fruit Ninja on her electronic tablet.
“He just likes touching it because he always sees me on my computer, my iPad or something,” Houser says.
Brayden’s father is out of the picture, and Houser knows she could be a lot worse off. At least she has a job earning $10 an hour preparing food in a company cafeteria.
Still, you don’t have to look too far to see that her life is teetering on the edge. Her nice-looking apartment? “It’s kind of not a very safe place to live,” she says. “There’ve been quite a few drug busts here.”
Houser says she’s scared to let her son play outside. Her next-door neighbor was recently arrested for allegedly murdering someone and stuffing the body in a cupboard.
Victoria Houser and her son, Brayden, may have food to eat and toys to play with, but she says she feels like she’s teetering on the edge.
Pam Fessler/NPR
But this subsidized housing is all she can afford. Most of Houser’s paycheck goes for things like food, diapers and gas. And she says what look like luxuries are necessities for her. They’re also mostly gifts from family or friends. She says she has a car to get to work, a computer to take online college courses, a cellphone to check up on her son.
But there’s one thing Houser doesn’t have, and that’s a lot of hope for the future.
She says she feels stuck in a never-ending cycle, constantly worried that one financial emergency — like a broken-down car — will send everything tumbling down.
“Poor to me is the fact that I’m working my butt off. I’m trying to go to school. I’m trying to take care of my son, and that’s just not enough,” she says.
And it’s this frustration and despair that those who work with struggling families say is the true face of poverty today — that it’s not just a lack of material things.
“It used to be that if you were poor, you just didn’t have the basic things, like maybe you didn’t have a washer and dryer, and you were able to get by,” says Kelly Wells, a case manager for Pro Action, a nonprofit community action agency that’s trying to help Houser and others like her.
“Now what I see with families is if you’re poor, you’re poor in every avenue: emotionally, supportwise, familywise,” Wells says.
She and other social service providers in western New York say they’re seeing more families ripped apart — by drug abuse, domestic violence and mental illness.
50 Years Later, Poverty Looks Different
The face of being poor has changed since the 1960s, when President Johnson declared a war on poverty. For example, in 1960, 63 percent of poor people had hot and cold piped water, 65 percent had a bathtub or shower and 69 percent had an indoor flush toilet.
In 2010, nearly 100 percent of poor families lived with similar amenities.
And in 1960, only half of poor people had phones; in 2010, 95 percent did.
The Cycle Of Poverty
At the Family Resource Center in the town of Bath, N.Y., where Pro Action is located, a young mother plays with her giggling 9-month-old son. The mother is petite with long, curly brown hair. And she has a huge black eye.
Right now, the mother gets to visit her son at the center once a week. She lost custody because of suspected drug abuse and violence in the home. The father is in jail. The father’s stepmother now cares for the boy.
The stepmother, who has come to pick him up, says he was in a lot of danger at home, and child protective services “basically told me I either take custody or he has to go to foster care, and I wasn’t going to let that happen.”‘
She says she and her husband now care for three of their grandchildren.
“We want them to have a good work ethic, morals, values. We don’t want them learning the kinds of things they would learn at home,” she says.
Social workers say they see lots of stressed-out families, with kids paying the price.
Marsha Patrick runs the local Head Start program. She says she had to hire nine extra classroom workers this year to deal with growing behavioral problems among the children.
“Everything will be fine, and then all of a sudden they are literally off the wall. They might be walking on the tables. They might run up and down on the radiators,” she says. “They just cannot control whatever it is that’s making them go off like that.”
Patrick suspects that it’s the strain of living with adults who are overwhelmed by life or who don’t have the skills they need to raise children because they themselves came from troubled homes.
Her program is trying to break the cycle. But Patrick says it’s difficult, especially with factory jobs that used to support a middle class in this region disappearing in droves.
“Unless we have those jobs to offer those folks, that they’re going to feel good about and want to go to work for and do, the kids are going to be the ones who are suffering, and we’re seeing it,” she says.
Isolated And Disconnected
But, of course, poverty is about more than a lack of jobs. It can also mean isolation.
Frank and Amber Adams live in a trailer home in rural Hammondsport, also in western New York. The yard is filled with chickens and ducks, cats and dogs.
Frank, 41, has been poor his entire life. He says it’s been a lot of ups and downs, but mostly downs. He survives by selling scrap and doing odd jobs and masonry work.
Frank and Amber Adams of Hammondsport, N.Y. He sometimes has to redeem empty soda cans to buy gas to take Amber to counseling classes.
Pam Fessler/NPR
The Adamses have seven children between them, from other relationships. But the children are scattered about, and right now, Amber’s goal is to regain custody of her youngest three. But first she has to clean up her act. She’s a recovering crack addict. So is Frank. He says it’s pretty common in this part of the state.
“There’s lots of people that just aren’t happy with themselves or what have you,” he says. “Maybe they don’t have a job, so they gotta sell some of the drugs to make money, and then they get addicted to the drug themselves.”
He says drugs are readily available, but about a year ago, he and Amber looked at each and asked, “What the hell are we doing?”
They got married, and now he’s helping her through counseling. But it’s a struggle. Frank says sometimes he has to redeem empty soda cans just to buy gas to take Amber to counseling classes.
He says he thinks it’s harder being poor today than when he was young.
“People aren’t as outgoing and gracious as they were back in the day. Back in the day, your neighbors helped each other,” he says.
And that’s a big difference for poor families today. They might have TVs and cellphones, but researchers say they can be more disconnected than ever — from neighbors, work, family, all of the social networks that help people through life.
Amber takes a picture off the wall, which shows six of their seven children dressed up for their wedding last summer. And she reads the words written on the side: Family, together, we have it all.
Today I want to talk to you about work. What is work? Why do we work? What kind of work do we value? What work are we willing to pay for? Why is work so important to us? When you think about yourself, do you define yourself by your work? Do you work for a living, do you live to work, do you have a career, or do you work just to pay the bills? Is there a difference between your job and your work? These are questions worth pondering. Believe it or not, your job probably is a big part of how you define yourself. Your job, and how you feel about your job, probably define much of your self-worth and your self-esteem. The ins and outs of your day at work probably determine whether you have a good day or a bad day. The million dollar question is: should we define ourselves in this way?
Let’s think about how work has been defined in the past. Actually, long ago work was thought of as something that really important people didn’t do. In ancient cultures such as Greece and Rome, the truly important people didn’t labor or do work. That would be beneath them. Important people had servants to do their work, from running their land to running their household. These people definitely did not define themselves by their work, so why do we?
The role of work in people’s lives has changed. After the period in history known as the Renaissance came the Reformation in the 1500s. It was then that work began to be acceptable both socially and morally. This was a turbulent time in all aspects of art, science, religion and culture. From this time period comes our modern view of work which is to say that people began to “do” things and then defined themselves by what they did.
Later on, with the advent of mechanization and industrialization, the major means of employment became paid labor. The definition of work became associated with being paid. It was then that tasks for which payment did not occur became devalued by society. For example, no one was paid to clean their own house, so cleaning the house was not considered work.
No one was paid to take care of their children, or to care for the sick or elderly of the family. So caring for family members was no longer considered work. Everyday tasks and chores, primarily the responsibility of the female caregivers of the household, became things that women were expected to do – while men went outside the home to work and get paid.
Now we need to ask ourselves a few more introspective questions about how we define work today. Let’s not just think about ourselves. No, I want you to think about how you define the work of women and mothers in particular. Soon it will be Mother’s Day. Women and their role in our homes, workplace, and society should be on our minds. Do the mothers in your life a real service on Mother’s Day this year. Not just flowers or a card, or a quick sentiment that lasts a day only. Instead, do some real soul-searching about the real, honest work that the women in your life do. How many responsibilities does she have that go unpaid and unacknowledged? How many roles does she fulfil, and do you expect her to fulfil them just because she is a woman? How many sacrifices does she make on a daily basis that go unnoticed? Let’s take some time to think about the history of work and our attitudes toward it, as I have reflected on here. Let’s take some time to think about how the roles of men and women in the home have developed and the historical background for why we view these roles the way we do today. Then, let’s take the time to examine whether we are really fair to the women in our lives, especially the mothers. Give this some real thought, and then approach the mothers that you know with some real respect. And rather than a box of chocolates, take responsibility yourself for one of those things you ‘expect’ her to do. Not for a day, but from now on. If you truly want to honor the mother’s that you know, then honor them making a lasting change to how you value the unpaid work they do every day and night. Then prove yourself worthy by doing some of this work yourself.
Puerto Rico’s governor on Tuesday presented the territory’s first balanced budget in more than a decade, fulfilling a promise to cut spending at a time when the island’s economic problems have spread fear among U.S. investors.
Gov. Alejandro Garcia Padilla proposed more than $1.4 billion in cuts and adjustments by consolidating 25 government agencies and imposing an average 8 percent spending cut for most agencies, among other things. He also pledged $775 million to pay off debt — $525 million more than in last year’s budget.
The $9.64 billion budget aims to strengthen and revive the economy as the U.S. territory enters its eighth year in recession and struggles to reduce some $73 billion in public debt.
The budget does not call for layoffs or new taxes.
“We are finally paying off the debts of the past,” Garcia said during a televised address to a joint legislative session. “Our island needs radical changes. For too long, previous proposals have only been cosmetic or sought a collective applause.”
The governor is scheduled to formally submit the budget Wednesday, and legislators will debate it in upcoming weeks, with approval needed before June 30. Last year’s budget stood at $9.77 billion.
U.S. investors and bondholders were awaiting details of the budget and are expected to monitor its impact on the economy after Puerto Rico sold a record $3.5 billion in general obligation bonds last month in part to generate more liquidity and refinance debt.
David Tawil, co-founder and portfolio manager of New York-based Maglan Capital, praised Garcia’s push for a balanced budget, although he said reservations remain.
“It’s an important achievement beyond the financial soundness,” Tawil said. “It is all critical and goes a long way but may not necessarily be sufficient.”
Opposition legislator Lourdes Ramos criticized Garcia for not acknowledging the island’s contracting economy, the lack of jobs and dwindling funds. “It was disappointing,” she said of his speech.
Hundreds of unionized workers gathered outside the seaside Capitol to protest the cuts.
Puerto Rico economist Gustavo Velez said the last balanced budget for the U.S. territory’s government was in 1999, with governors borrowing over the past 14 years to finance deficits while violating the island’s constitution requirement for balanced budgets. He said the government borrowed an estimated $29 billion from 2004 to 2013, adding that the money wasn’t put into public works but rather was just used to let the island live beyond its means.
“That should never have occurred,” he said, adding he feels Garcia had no other option but to balance the budget. “This is happening because of the current fiscal reality. They cannot go to the market to borrow more money. … They have no choice but to face reality, to operate with the resources they have.”
Garcia, a lawyer who became governor in January 2013, inherited a more than $2.2 billion deficit and the highest unemployment rate compared with any U.S. state, among other economic problems.
He has sought to diversify the economy and strengthen its industrial base, attracting international companies with tax incentives while also courting wealthy investors such as New York hedge fund executive John Paulson.
Earlier this month, German company Lufthansa Technik announced it would invest $20 million on a facility for aviation maintenance, repair and overhaul, while Arizona-based Honeywell Aerospace said it would spend $24 million to expand its business on the island.
Garcia also has made changes to two major public pension systems, noting they would run out of money soon if nothing was done. He also previously implemented new taxes and various measures to help generate some $1.5 billion in new revenue.
The island of 3.67 million people is struggling economically. More than 450,000 people have left in the past decade, and just 41 percent of working-age Puerto Ricans are in the labor force, compared to 63 percent in the U.S.
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