November 17: Modern Young Finance – weekly round-up

1. Financial Management: an Essential Life Skill

DoD; Erin Wittkop, November 17

A look at some of the personal finance programs available for those in the military, including Military Source One and MyMoney.gov.

2. Politicians must stop running scared of wealthy pensioners

Money Marketing; Samuel Dale, November 13

Sam Dale encourages young people to get out and vote in order to disrupt politicians’ policies which favour older people, who vote in larger numbers.

3. Young Workers Reveal Their Retirement Plans

iExpats; Jim Atkins, November 17

Young pension savers are more likely to have enough money to fund their retirement if they are sensible with their cash, according to a new report by Aegon. The research shows that young savers are more likely to put money aside for their retirement if they are encouraged.

4. Motley Fool | Teen years a great time to begin investing in stocks for long term

 

The Columbus Dispatch; November 17

A look at how teens who invest wisely in stocks and shares can benefit from a long-term investment strategy, due to compound interest and the ability to make less conservative choices.

5. Student Debt Is Crushing the Economic Future of the Young

Truthout; Yves Smith, November 11

If a bad job market wasn’t damaging enough, the cost of paying off student loans does much more harm to the long-term prospects of young people than is commonly realized.

6. Young adults drowning in debt

WWLP; Matt Caron, November 15

New numbers from the Census Bureau show that the anaemic economy is hitting young people the hardest. With student loans and credit cards, there are plenty of ways to accumulate debt, and getting in debt is a lot easier than getting out.

7. Young more enthusiastic about savings than middle-age people

Deseret News; Michael De Groote, November 14

America Saves, a nonprofit that tries to get low- and moderate-income folks to save money, recently conducted a survey to gauge the interest of various age groups in saving.

Respondents age 65 and over had the least amount of interest in saving, with 56 percent showing interest.  Ages 55 to 64 had 68 percent interest in saving for the future. Those 35 to 54 had 73 percent interest in savings. The group with the highest interest was Americans 18 to 35, with 77 percent interest.

8. Nestle to create 1,600 jobs for young people

BBC; November 15

KitKat maker Nestle has said it will create 1,600 jobs for young people in the UK and Ireland over the next three years.

The food giant says it will also create 300 paid work experience placements.

The job roles will include sales assistants, shop floor workers and management positions.

 

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