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“…you need money to buy things; you earn money by working; you may have to wait to buy things you want; and there is a difference between things you want and things that you need…” Time Magazine, Nov 30, 2015
Article – Your kid’s financial education should start much earlier than you think – By Dan Kedlec
How do you make eleven even?
Take away the “el.”
How do you make seven even?
Take away the “s”
What is a duck on the 4th of July?
Laughs above are credited to kids and various sources.
Business fun facts!
Do you know the ancestry of American people? It is a melting pot of immigrants from all over the world. This trend continues even today. These immigrants make America what it is today and are an big part in the success of businesses today.
There are over 320 million Americans today. Ancestry of Americans include: Germans over 14%, African American 12%, Irish 12%, English 8%, Mexican 8%, Italian 6%, Hispanic 5%, French 4%, Polish Scottish, Dutch, Norwegian, Scotch-Irish, Native American, and Swedish are between 1-3% but add up to 11%. The rest are from other various countries.
In 2008, $3.3 Trillion was the total loss in value for the US housing market. In early 2006 housing market value was close to $9.4 Trillion..so almost 1/3rd of housing market value was lost due to housing, credit, and financial crisis!
Since 2008, close to 12 million jobs have been added to the job market! This has allowed many Americans to get back on track and recover from the recession. Unemployment rate is now below 5% from almost 10% in 2009 when financial markets caused the recession!
~56.6 million kids (3 yrs and older) go to pre-K to 12th grade
Public schools ~90% or 50.8 million and Private schools ~10% or 5.8 million
Public school Pre-K to 12the Grade are ~50.8 million
Pre-K = ~1.4 million (~2.8%)
K = ~3.7 million (~7.3%)
1-8 Grade = ~30.4 million (~59.8%)
High School 9-12 Grade = ~15.3 million (~30.1%)
For 2019-2020 expect 3.3million (3 million from Public and 0.3 million Private) to graduate from High Schools
~20 million attend US colleges
~17 million or ~85% Undergraduate and ~3 million or ~15% Graduate programs
~61% attend Full-Time and ~39% attend Part-Time
~74% attend Public and ~26% attend Private colleges
~ $80-82 billon is spent by families for back to school and college
2/3 on college and 1/3 on school
Source: ed.gov, National Center for Education Statistic (2013), Business websites, such as CNNMoney, Yahoo Finance, and other educational websites…
Investors sell stocks — The DOW down 284 points for the week
In a roller coaster ride the DOW fluctuated from being down on Monday over 270, up Tuesday over 390 then down on Wednesday over 550 points. Last week it was the scare of US-China trade issue getting worse (read last week’s Volume 664) and this week it was the Inverted Yield Curve (read below for more details) which is seen by many as a clear sign of pending recession. The DOW closed down -284 points or -1.08%, the S&P500 was down -18 points or -0.63%, and NASDAQ was down -12 points or -0.15 for the week ending August 16th. Oil was up +$0.68 or +1.25% to $54.95 per barrel.
Year-To-Date (YTD) the DOW is up +11.0%, S&P500 is up +15.2% and NASDAQ is up +19.0%
In 2018 the DOW was down -6.7%, S&P500 down -7.0% and NASDAQ down -4.6%. In 2017 the DOW was up 25.1%, S&P500 up 19.4% and NASDAQ up 28.2%
Thank you for your feedback and comments! Now we are on to our 12th Year!!