The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor Force (people age 16 and over employed or seeking employment) and divide it by the Civilian Noninstitutional Population (those 16 and over not in the military and or committed to an institution). The result is the participation rate expressed as a percent.
What is the value of education for household income? The Census Bureau's annual survey data for 2016 published this month gives us some interesting insights into this question. The median income for all households with a householder age 25 and older was $60,523. The chart below shows the median annual household income for nine cohorts by educational attainment. We've rounded the data points to the nearest $100, e.g. $60.5K for all households age 25 and older.
What is it worth to have a financial services coordinator who understands your clients’ needs and the language spoken by the specialized service providers they use? Today’s robo-advisors cannot provide the depth or breadth of coordination clients need. But you can, at least for your best clients. This should be a core of your value proposition.
Many reports on the cost of education and affordability over the last decade have focused on the rapid growth of educational debt. Here we examine student aid, costs of undergraduate education, and enrollment over time. We've used data from the College Board's annual Trends in Higher Education publications. We've updated this report with the latest data.
When advisors ask me to help them set up systems for their business, I put on my professional organizer hat. One area that is always a big issue is paper – both the physical and electronic kind. Here’s a system to ensure you will easily find the information you want and always get to the tasks that are important.