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Just anecdotal, but the way we did it while raising our kids was... no allowance. Chores, etc., were part of contributing to the maintenance of the household in which they lived, ate, etc. They did get cash gifts for birthdays, holidays, etc., from relatives and had to make that last so they learned how to spend judiciously. They knew they got a certain amount of cash from us for back to school clothes shopping, and boy did they ever learn how to stretch a dollar. They both had after school/Summer jobs in high school, and the same plus Summer professional internships in college. We paid for college tuition, books, room, and board, and a small sum for clothing, but they funded everything else themselves. Recreational expenses were on them.
They're both now self-supporting young adult professionals, living in the trendy Lincoln Park neighborhood of Chicago.
FRB has been issuing stats on the number of people with FDIC insured bank accounts and average balances and has done so for years. The trend has been in decline for decades.
On the other hand the number of people with non FDIC insured money market accounts has steadily increased.
For me it indicates that the American dream is basically dead or am I wrong. Also who do you blame government polices, the irresponsiblity of the American people or both.
-49$ in ours. We barely use it and when it gets down to 10$ or so we just run the debit card as credit and fill the vehicles up and we take it back to green once we get taxes again since it hits the bank account and is taken right out. Only reason we even use the bank account is for our taxes really. Don't trust them to keep my money and I only use cash if possible. Don't have savings account never have. I wonder how many live paycheck to paycheck?
We're still experiencing the aftermath of a housing bubble and a near global banking meltdown.
That means we created a real mess and now we've got to slowly work our way through it. Translation? Again, no quick fix.
How are JOBS created?
entrepreneurs creating new businesses,
some of those small businesses growing into big enterprises, and
government creating and maintaining a framework of laws and infrastructure.
all the above folks, all the above.
You can cite whatever statistics you like, but that's how it really works.
Let's be realistic about it. which president can really bring jobs back. You can blame the foreigners all you want, foreign countries DO NOT steal your job, your small businesses and big businesses CHOOSE to go to the foreign countries because of lower labor cost.
I don't believe any presidents can bring the jobs back, I DO believe however, a certainly policy can make America investors friendly again, so the foreign companies open businesses here in the States and hire American people. Like Toyota.
Many pay no payroll taxes in my state. The state does not license contractors. Just plumbers, electricians and HVAC. Nobody knows who is making what amount of money.
All home builders hire subs. The subs need an I-9. They pay the help in cash. If they get a check, it is cashed at the payers bank, no paper trail.
The cleaning ladies make $125 per house, cash. Many do 2 houses a day. No taxes.
US people hiring and paying cash to undocumented people. Imagine that.
Wonder how many of these same people then blame government for the consequences.
The powerful Chamber of Commerce lobby opposes e- Verify for a reason.
The powerful Chamber of Commerce lobby has long advocated for relaxing federal oversight of H 2b visas for non agriculture, so called seasonal workers instead of hiring US people.
All employers are required to do is place a one day ad that looks like a legal notice in the back of a local paper to demonstrate they tried to recruit. Not going to get much of a response to such ads from the mostly seasonal Palm Beach residents.
We're still experiencing the aftermath of a housing bubble and a near global banking meltdown.
That means we created a real mess and now we've got to slowly work our way through it. Translation? Again, no quick fix.
How are JOBS created?
entrepreneurs creating new businesses,
some of those small businesses growing into big enterprises, and
government creating and maintaining a framework of laws and infrastructure.
all the above folks, all the above.
You can cite whatever statistics you like, but that's how it really works.
Let's be realistic about it. which president can really bring jobs back. You can blame the foreigners all you want, foreign countries DO NOT steal your job, your small businesses and big businesses CHOOSE to go to the foreign countries because of lower labor cost.
I don't believe any presidents can bring the jobs back, I DO believe however, a certainly policy can make America investors friendly again, so the foreign companies open businesses here in the States and hire American people. Like Toyota.
Those who vote for anyone because of a promise to " bring back jobs" is going to be very dissapointed if their candidate wins.
When the end ( big $) product is destined for the US market, it often makes more sense to manufacture/ assemble in the US.
When the end ( big $) US product is destined for a foreign market, it often makes more sense to manufacture/ assemble in the intended destination or in a country with more free trade agreements.
European and US auto manufacturers have had plants in Mexico for decades. Cheap labor is only one factor. That Mexico has more free trade agreements with the rest of the world is a major factor.
China is now the largest buyer of Boeing aircraft. About 165,000 US jobs depend on this continued relationship. China requires the interior finishing and painting of Boeing's aircraft to be done in China as a condition of trade. Some have substantially criticized Boeing for capitulating to the demand. Guess these folk would rather see Boeing fail, rather than prosper.
Why would any company choose to limit their sales to 5% of the global population when they can have their share of 95% of the world population ?
Guess the US could impose a condition on clothing imports that US people have to sew in the tags, zippers or something. Yeah, that will jump start the economy.
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