College Grads, Start Saving Early!


From The Office Of Gurdayal Singh . . . .


Why It Pays for College Grads to Start Saving Early 

This graphic jolted a new grad into saving sooner—you may want to share it with your young adult children. Starting annual $1,000 contributions to a tax-advantaged retirement account by age 25 can help an individual grow a nest egg of $213,610 by age 65. But beginning annual $1,000 contributions 10 years later may cut retirement savings by more than half.

(Credit Margarita Abramova, Horsesmouth)

The Changing face of America: Demographic projections for the U.S. working class.By 2032, the working class—defined as workers with less than a bachelor’s degree—will be composed mostly of people with minority backgrounds. Hispanic men will be the largest group. And in another 11 years, the American population will be majority non-white, according to economist Valerie Wilson of the Economic Policy Institute.

Cost of living in each U.S. state: The annual living wage needed to support two adults and a child can be as high as $67,867 in Washington D.C. and is close to $60,000 in Massachusetts, Connecticut, and New York. Going further south, we find the lowest living wages needed to cover basic expenses in Kentucky ($43,308) and Arkansas ($44,571). The living wage in most western states falls somewhere in the middle between the eastern and southern regions—except for California, which is closer to the eastern highs, at $57,000.