Money

Docked Pay for Massive Debt? Women Pay Women Less?

Curated by CLAI

MASSIVE DEBT? U.S. Federal law allows up to 25% of your wages garnished or docked often over credit card debt, medical bill, or student loans. Check out how much your state (law) protects your paycheck.

Wage Garnishment


Wage Garnishment (National Consumer Law Center Report: “No Fresh Start”)

WOMEN GAVE LESS TO WOMEN: Both men and women made lower offers, on average, when the responder was female. Male proposers offered an average of $4.73 to male respondents, but only $4.43 to women. More painful yet was the behavior of female proposers, who, on average, offered $5.13 to men but only $4.31 to women. It seems that women were seen as softies who were willing to settle for less — and the discrimination was worse coming from the women themselves.

Colleges with the Highest Salaries – Should I get an MBA?

Curated by CLAI

SCHOOLS WITH HIGHEST SALARIES EARLY & MID CAREER: Technical abilities are highly valued among recent graduates, which explains why a student who graduates from an engineering program at California Institute of Technology will likely be better compensated, at least up front, than a Harvard graduate with an English degree. Those specialized skills offer a comparative salary edge for only a handful of years before that advantage begins to dissipate–and the salary benefits of a holistic, liberal arts education begin to catch up.

Colleges with the highest starting salaries

Colleges with the highest starting salaries (WAPO)

SHOULD YOU GET AN MBA? Here are some questions you should ask yourself.

  • Leadership & Management: Do the MBA programs I’m considering provide practical leadership and management training?
  • Credential & Brand: How are MBAs perceived in the markets I am in or would like to enter? What signals does an MBA send in these markets? What stereotypes (both positive and negative) might I face as an MBA? What is the specific reputation of the MBA programs I’m considering? How are these schools and their alumni viewed within my desired markets?
  • Community & Network: What do I know about the students at the MBA programs I’m considering? Are they like-minded peers? Do I see myself learning alongside them? What do I know about the alumni networks of these programs? How active are they? Are they concentrated in geographic areas and professional fields of interest to me?

Money & Bras: From Corsets to Brassieres, States with the Biggest Bang for Your Buck

Curated by CLAI

THE BRA: Women today breathe a little easier — thanks to a World War I metal shortage. Since corset frames were mostly made of metal, which was needed for ammunition and other military supplies, in 1917 the U.S. War Industries Board asked American women to stop buying them.

  • Caresse Crosby patented the first modern bra in the U.S. in 1910.
  • Some historians credit William and Ida Rosenthal, founders of Maidenform, with introducing the A-, B-, C- and D-cup system in the late 1920s or early ’30s, while others claim it was S.H. Camp and Company.
  • When the androgynous flapper look came into vogue in the Roaring Twenties, so-called bandeau bras — which flattened the breasts — became the popular choice.
  • Today, nearly 95% of women in Western countries wear bras, which translates to a billion-dollar industry dominated by Victoria’s Secret and corporations like Hanes.
Brassiere in 1914

Brassiere in 1914

STATES WITH BEST BANG FOR YOUR BUCK: You’d squeeze the most out of $100 in Mississippi, where you could use it to buy $115.74 worth of goods and services, relative to the national average. Arkansas comes next, followed by Missouri, Alabama and South Dakota. The state where $100 falls flattest is Hawaii, where that same $100 gets you only $85.32. (D.C., though not a state, is even worse: It would buy you just $84.60 in goods.)

Relative Value of $100 in States in the U.S. (WAPO)

 

 

Generational Differences in Savings and Politics

Curated by CLAI

MILLENNIAL SAVE MORE: Millennials are more likely to have at least five months of living expenses saved. They tend to have lower expenses. They don’t have to put away as much because they are likely living at home with their parents or have roommates.

30 and 49 are more likely than any other age group to not have an emergency fund because those are the years they have a house, two or three kids and a dog. But they need the emergency savings more than anybody.”

Politics by Age

Politics by Age (NYTIMES)

POLITICS BY BIRTH YEAR: Events at age 18 are about three times as powerful as those at age 40, according to the model.

  • Silent Generation (1941): By the time Eisenhower left office in 1961, people born in the early 1940s had accumulated pro-Republican sentiment that would last their entire lifetimes.
  • Baby Boomers (1952): Childhoods and formative years under Kennedy, Johnson and Nixon left them relatively pro-Democratic.

$130K American Dream & Secret of Success

Curated by CLAI

$130K AMERICAN DREAM PRICE TAG: What it costs to live the American Dream (pre-tax).

 

American Dream Price Tag Chart

American Dream Price Tag (USA Today)

SECRET OF MOTIVATION & SUCCESS: Those with strong internal motives (become a leader) and strong instrumental motives (get a good job later in life) are the least successful. Most successful are those with only strong internal motives, followed by those with only strong instrumental motives.