MCM securities analyst, John Meyer, tells The Cincinnati Business Courier that tasty Kroger/Whole Foods merger deal is unlikely to happen. Will investors go hungry?
If you live in the United States and have yearly family income of $150,000 or more, a recent study by Nielsen Global Consumer Insights reveals that there is a 25% chance that you have little or no savings because you consume every last dollar you earn. This is called living hand-to-mouth or, to put it bluntly, you’re basically broke. Isn’t that hard to believe?
The average family income in the U.S. is just under $47,000 as of 2014. It would be reasonable to think those fortunate souls making over $150,000 would not be struggling each month to make ends meet. Not so, according to Nielsen. Far from it, in fact. The same study revealed 33% of households making between $50,000-$100,000 and 50% of households making less than $50,000 are in the same hand-to-mouth situation.
Could this be the golden age of the mobile app? Maybe. Only time will tell. What is clear is that mobile application software (“app”) is transforming everything from how we reserve a table at our favorite restaurant to how we track our activity, sleep, health and much, much more. Financial services like banking, personal finance (e.g., budgeting, bill-paying), and investment management, are participating in big ways in the mobile revolution.
To that end, automated investment platforms called robo-advisors are proliferating rapidly. Nearly all major brokerage firms, mutual fund companies, and even some banks have an up-and-running robo-advisor solution for their customers. They have intuitively appealing names like “Intelligent Portfolios” etc., and they use a simple algorithm to automatically re-balance portfolios back to a fixed asset allocation determined by each user. In a nutshell, robo-advisors are an automatic, set-it and forget-it, mobile investment technology aimed at the mass market. Continue reading “Do You Robo? There’s An App for That”
My chops for penning this blog are that I am both a baby boomer and an employer. The social media biosphere is replete with (mostly) well-intentioned advice for what millennials need to do to excel in the workplace. These “rules” are usually handed down by older people who are well-established in their careers and hold positions of power and authority–in short–by baby boomers, who constitute a large majority of today’s professional power brokers, successful entrepreneurs, corporate executives, etc.
Boomers are notoriously work-centric, goal-oriented, self-reliant, and competitive. Too often they find millennials self-absorbed, lazy, entitled, and narcissistic. Is it any wonder that the two generations might butt heads in the office? I think not–and that’s assuming a millennial can win a job from a boomer hiring manager in the first place.