Tag Archives: salaries

Millennial Malaise

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If you are younger than 40, some of this history may be news to you.

Many of my friends’ folks were children of the depression.  They grew up in an economy in ruins, one where it was not clear from where the next dollar would come or what would be on the table for supper.   That experience made many of these folks husband their cash, to preserve what they had for a rainy day.  And, these parents wanted their kids to learn skills that would carry them through economic downturns and prosperity.

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Choose Wisely

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What a surprise- not!   A new study (based upon US Bureau of Census data) has reported that folks who go to college earn $ 1 million more than those who don’t.  No, not in one year, silly- over their lifetimes.  Which comes to about $ 25K a year.   Moreover, this data has been around for at least 40 years- because I knew these facts back when I was teaching.

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Reasonable Compensation

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One of the services we provide our small business clients is to insure that the payment of reasonable compensation.  No, I don’t mean what they pay their employees (although we do that, as well, when requested).  No, I am talking about the pay they take for themselves- the owners of the S Corporation or an LLC operating as an S corporation.

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Really? You care about spending, Pinocchio?

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It’s getting closer.  And, I don’t think it’s going to go away.  Because a whole bunch of folks think that, in a recession, it’s more important to reduce spending than to keep the economy growing.  You’d think that seeing the terrible results of the similar program in Europe would give them pause.  But, that also requires one to assume they either care- or understand.

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