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Monday, 1 August 2011
Excel Finance Class 35: Calculate PMT for Present Value of Annuity PMT Function for Loan Payment
Win an Apple iPad
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Local answers to a global crisis
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Work Opportunities and Retirement Realities
In its "2011 Retirement Confidence Survey," the Employee Benefit Research Institute found that few people are confident in their ability to retire at the traditional age of 65 or 66 years of age. The jitters make sense given that "A sizable percentage of workers report they have virtually no savings or investments." Funding woes related to Social Security and Medicare benefits add to an already gloomy scenario.
On the bright side, research suggests that work opportunities abound, notably in fields such as professional training, computer games, biotechnology, computer networking, nanotechnology and wireless. According to WIRED Magazine writer Adam Davidson, these opportunities can be collectively labeled "smart jobs" because they are "innovative and high tech," specialized, involving factories and machines and available to transform the middle class. Moreover, the geographic pockets of inspiration include cities such as Provo, Little Rock, Savannah, Wichita, Denver, Reno, Hartford, Rochester, Omaha and Des Moines.
Check out the "The Economic Rebound: It Isn't What You Think" by Adam Davidson, May 31, 2011 for an interesting analysis of the new employment paradigm, one that comes at a time of grave concern about what is next for millions of individuals. In conjunction with National Public Radio ("NPR")'s Planet Money, Mr. Davidson provides numerous examples about industrial and service technologies and processing enhancements that could make an extended work life prosperous for more than a few already at the top.
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