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Americans Are Having Less Sex Than Before

March 8, 2017 Leave a Comment

Happy Couples Manage Finances

Income and money are strongly related to happiness up to a certain point. Similarly, there’s a linear association between sex and happiness up to a frequency of once a week. Recently, a new study published in the journal Archives of Sexual Behavior found that Americans are having less sex than 20 years ago. Ars Technica reported:

American adults reported having nine fewer romps a year in the early 2010s than they did in the late 1990s—dropping from an average of about 62 times a year between 1995 and 2000 to around 53 a year between 2010 and 2014. Researchers saw declines across ages, races, religions, education levels, employment statuses, and regions. They linked the sagging numbers to two trends: an increase in singletons over that period—who tend to have less sex than married or partnered people—plus a slow-down in the sex lives of married and coupled people. But the drivers of those trends are still unclear.

The study is based on data from a long-standing national survey called the General Social Survey (GSS). It involves a nationally representative sample of Americans over 18 years old, surveyed most years between 1972 and 2014. The new study involved responses from 26,620 Americans.

Specifically, researchers found that married people’s annual whoopee frequency dropped from an average of nearly 69 in the 1995-2000 period to just below 56 in the 2010-2014 period. The unmarried saw their lovemaking drop from 54 per year to 51 in the same timeframes. Meanwhile, the number of people without steady partners—married or otherwise—rose from 26 percent of survey respondents in 2006 to 33 percent in 2014.

People who took the biggest hits in the bedroom since the 1990s were those with a college degree (about 15 fewer times a year) and people living in the South (about 13 fewer times a year).

Health Officials Recommend Not Sleeping Near Your Phone

March 4, 2017 Leave a Comment

California’s Department of Public Health has released a draft document outlining health officials’ concerns about cellphone radiation exposure. The document, Cell Phones and Health, are summaries of scientific studies that suggest long-term cellphone use may increase the risk of brain cancer, among other health problems. CBS San Francisco reported:

The draft fact sheet states that radiofrequency electromagnetic fields (EMFs), a type of radiation, are emitted from cellphones and that because they are “used frequently and kept close to the head and body, cellphone EMFs can affect nearby cells and tissues.” Health officials’ overall recommendation is to “increase the distance between you and your phone” by using a headset, the speaker phone function and text messaging. Health officials recommend not sleeping near your phone and not carry it in your pocket or directly on your body, unless it is off. The fact sheet also states that “EMFs can pass deeper into a child’s brain than and adult’s” so suggests parents limit their child’s cellphone use to texting, important call and emergencies.

It’s Getting a Lot More Expensive for Smokers in Australia

March 3, 2017 Leave a Comment

Just quit smoking to save money. That’s the message Australia wants smokers to know. It’s not easy being a smoker as the country plans to keep increasing taxes until a packet of cigarettes costs AUD$40. To minimize the number of smokers in the country, Australia was the first country in the world to introduce mandatory plain packaging for tobacco products as reported on BBC.

“Now, smoking is prohibited within 10m (33ft) of a playground, within 4m (13ft) of the entrance to a public building, at rail platforms, taxi ranks and bus stops,” said Mark Driver, Sydney’s Park and Recreation Planner. Those are the rules in New South Wales, but they are mirrored in many other states. Smoking is banned on many beaches, and most Australian states have now banned cigarettes in jail. All states ban smoking in vehicles if children are present. Fines vary, but in some places you may be fined AUD$2,000 (USD$1,515) if you smoke in the wrong place. And even if you don’t, you’ll be paying more than that each year by 2020, if you smoke just one AUD$40 pack a week… These days, smoking is often taken up by people who are on the lowest rungs of the socio-economic ladder, Simone Dennis, an associate professor at Australian National University, points out, “and that adds a burden of shame to people who might already be marginalised.” If it’s the poor who are now the most likely to smoke, it’s hard to see how they will ever afford the AUD$40 (USD$30) pack of cigarettes.

(bbc.com)

Scraping by on Six Figures? Tech Workers Feel Poor in Silicon Valley’s Wealth Bubble

March 2, 2017 Leave a Comment

Silicon Valley

Even with six-figure income, tech workers in Silicon Valley still feel poor. I didn’t become a software engineer to be trying to make ends meet,” said a Twitter employee in his early 40s who earns a base salary of $160,000. It is, he added, a “pretty bad” income for raising a family in the Bay Area. The Guardian reported: “Silicon Valley’s latest tech boom, combined with a housing shortage, has caused rents to soar over the last five years. The city’s rents, by one measure, are now the highest in the world. The prohibitive costs have displaced teachers, city workers, firefighters and other members of the middle class, not to mention low-income residents. Now techies, many of whom are among the highest 1% of earners, are complaining that they, too, are being priced out.”

‘The American dream is not working out here’

“We make over $1m between us, but we can’t afford a house,” said a woman in her 50s who works in digital marketing for a major telecoms corporation, while her partner works as an engineer at a digital media company. “This is part of where the American dream is not working out here.” (theguardian.com)

Teenager Won The Lottery at 17 and Now It’s Ruining Her Life

February 24, 2017 Leave a Comment

Jane Park

Many lottery winners squander their fortunes and eventually wind up unhappy and broke. Jane Park, who won the EuroMillions lottery in 2013 when she was 17 years old, is now blaming the lottery officials for ruining her life. The Washington Post reported: “Buying things for the sake of buying things got old. Instead of finding happiness via conspicuous consumption, Park uncovered an age-old maxim preached by holy men for thousands of years and ignored by enthusiastic lottery winners for almost as long: Money can’t buy happiness, and large amounts of it have a way of, well, complicating things.” Park blames the lotto bosses for “ruining her life.” “I thought it would make it 10 times better but it’s made it 10 times worse,” Park told the Sunday People. “I wish I had no money most days. I say to myself, ‘My life would be so much easier if I hadn’t won.’” After Park won the lottery, shopping became a huge problem for her. She went out and bought more than 50 designer handbags including a Louis Vuitton, a lot of shoes, and a purple Range Rover. Now she’s contemplating about suing lottery company for negligence. “People look at me and think, ‘I wish I had her lifestyle, I wish I had her money,’ she added. “But they don’t realize the extent of my stress. I have material things, but apart from that my life is empty. What is my purpose in life?” [Read more…]

Yes! Free Meals Are Back on Delta Flights

February 17, 2017 Leave a Comment

In an effort to cut costs, many airline carriers eliminated free meals and increased baggage fees. However, soon Delta will bring back free in-flight meals to passengers in the main cabin on long flights. The free in-flight meals for economy class will start on March 1 on flights between New York City’s JFK airport and Los Angeles and San Francisco. More routes with free meals will be started on April 24 including Orlando, Seattle and others. Delta claims to be the only U.S. carrier to offer free meals on some transcontinental flights. The meals vary depending on flight times, and passengers will be able to choose from different offerings. For instance, morning fliers can choose from a breakfast sandwich, a breakfast medley or a fruit and cheese plate. Passengers flying during the day will be offered a mesquite-smoked turkey combo, a Mediterranean whole grain veggie wrap or fruit and cheese plate. “We are all about making our Main Cabin experience the best it can be for our customers and offering free, high quality meals is a big part of that experience,” said Allison Ausband, Delta’s senior vice president of in-flight service. (CNN Money)

Study Links Working Remotely to More Stress and Insomnia

February 15, 2017 Leave a Comment

Medical Xpress reported: “Working outside an office may spare you from commutes and interruptions by colleagues but it also makes you more vulnerable to unpaid overtime, stress and insomnia, the UN said Wednesday. A new report from the United Nations International Labour Organization studied the impacts of working remotely, with technological advances continuing to revolutionise conceptions of the workplace. Based on data taken from 15 countries, the ILO found that employees were more productive while outside of a conventional office but noted it also brought risks of ‘longer working hours, higher work intensity and work-home interference.’ The report drew distinctions between employees who regularly work at home, highly mobile people constantly working in different locations and those who split time between an office and another site. All three of those groups reported higher stress levels and more incidents of insomnia than those who always work at their employer’s premises. For example, 41 percent of highly mobile employees said they felt some degree of stress, a figure that was 25 percent for office workers. A full 42 percent of people who always work from home or from multiple locations reported suffering from insomnia, compared to 29 percent for people who work at their employer’s site.” (medicalxpress.com)

Free College Tuition for All San Francisco’s Residents

February 14, 2017 Leave a Comment

Public colleges in Germany, Norway and Finland are free for residents. Soon San Francisco will join that league as the first city in the US to offer free college. CNBC reported: San Francisco Mayor Ed Lee and Supervisor Jane Kim announced plans to offer free City College tuition to all of San Francisco’s residents regardless of need. It would be the first metropolitan area to do so. San Francisco Supervisor Jane Kim told local station KGO-TV, “Making City College free is going to provide greater opportunities for more San Franciscans to enter into the middle class and more San Franciscans to stay in the middle class if they currently are.” Under the proposed deal, which is expected to take effect in the fall, the city of San Francisco would provide the City College of San Francisco with nearly $5.4 million annually. (cnbc.com)

Google Engineers on Self-Driving Car Project Quit Working After Reaching Financial Independence

February 13, 2017 Leave a Comment

Engineers on Google’s self-driving car project were paid so much that they quit. With so much money and bonus throwing at these engineers to help retain dedicated workers in the short run, it has resulted in many employees leaving the company in the long run after they reach financial independence. The Verge reports: “Google has spent a lot of money on its self-driving car project, now spun off into a new entity called Waymo. Much of that money has gone to engineers and other staff, according a new report from Bloomberg. In order to keep self-driving staffers happy — and, presumably, from leaving the company for other firms doing similar work — Google backed the proverbial Brinks truck up to the self-driving department and unloaded. Bloomberg says that early staffers “had an unusual compensation system” that multiplied staffers salaries and bonuses based on the performance of the self-driving project. The payments accumulated as milestones were reached, even though Waymo remains years away from generating revenue. One staffer eventually ‘had a multiplier of 16 applied to bonuses and equity amassed over four years.’ The huge amounts of compensation worked — for a while. But eventually, it gave many staffers such financial security that they were willing to leave the cuddly confines of Google.”

Disney Raises Single-Day Ticket Price to Magic Kingdom to $107

February 13, 2017 Leave a Comment

Disney Magic Kingdom is the most visited theme park in the world. And it is getting more expensive for visitors to experience the so-called happiest place on earth. “Walt Disney World is increasing single-day tickets at certain times of the year and setting expiration dates on tickets in hopes of preventing overcrowding during its parks’ busiest times. Company officials said Saturday that single-day ticket prices are either staying the same, or are increasing no more than $5 under the new price structure for its Florida theme parks. Starting Sunday, ‘value’ days for Magic Kingdom will cost $107 for adults and $101 for children.” Disney spokeswoman Jacquee Wahler confirmed the changes in Disney’s ticket prices. “Our pricing provides guests a range of options that allow us to better manage demand to maximize the guest experience and is reflective of the distinctly Disney offerings at all of our parks,” Wahler said. (clickorlando.com)

Finland’s Universal Basic Income Is Useless and Unworkable

February 12, 2017 Leave a Comment

According to Finnish Trade Union Economist as reported on Bloomberg, “Finland’s basic income experiment is unworkable, uneconomical and ultimately useless. Plus, it will only encourage some people to work less.” The trade union argues this Universal Basic Income program would cost 5% of Finland’s entire gross domestic product, making it impossibly expensive. “The labor group says the results of the two-year pilot program will fail to sway its opposition to a welfare-policy idea that’s gaining traction among those looking for an alternative in the post-industrial age. ‘We think it takes social policy in the wrong direction,’ said Ilkka Kaukoranta, chief economist of the Central Organization of Finnish Trade Unions, which has nearly one million members. Since January, a group of unemployed Finns aged between 25 and 58 have been receiving a stipend of 560 euros ($600) per month. The amount isn’t means-tested and is paid regardless of whether the recipient finds a job, starts a business or returns to school… Advocates say it eliminates poverty traps and redistributes income while empowering the individual and reducing paperwork… While limited in scope (it’s conditional on the beneficiary having received some form of unemployment support in November 2016) and size (it’s based on a randomly-selected sample of 2,000 jobless people), the Finnish trial may help answer questions like: Does it work? Is it worth it? And the most fundamental of all: Does it incite laboriousness or laziness?” (bloomberg.com)

Financial Lessons from Johnny Depp’s Undoing

February 10, 2017 Leave a Comment

“Depp’s earnings are massive any way you cut it, whether he is getting paid $20 million per film — purportedly his going rate in 2014 — or $1 million per week on any project. But his spending problems are relative to those earnings,” writes Chuck Jaffe. Johnny Depp’s issues with personal finance have been fodder recently for the tabloids. It’s a classic story of spending more than earning. Despite earning way above ordinary person, Johnny Depp ran into personal finance trouble due to the fact that he owned a 45-acre village in France, spent $18 million to renovate a 150-foot yacht, owned 14 residences, plus a collection of islands in the Bahamas, paid more than $3.5 million a year to pay for a staff of 40 people, and spent a purported $30,000 per month on wine. “The first secret to financial planning — which shocks people — is spend less than you earn,” explained Michael S. Falk of Focus Consulting Group in Chicago. “You start by living within your means, no matter how much you are making. If you always spend less than you earn, the question is did you save the difference, and how have you invested it.” (richmond.com)

Killer Debt: Too Much Debt Could Kill You

February 1, 2017 Leave a Comment

Exercise regularly, be mindful of your diet, and pay off your credit card bills? That very well may be the new mantra for a long life, as a new study finds high debt could lead to an early death. Conversely, those who owe very little are less likely to die at a younger age. Researchers looked at approximately 170,000 credit reports from the Federal Reserve’s Consumer Credit Panel, a nationally representative sample of U.S. consumers and their household members with information in the consumer credit data system. “It seems clear that debt resulting from a financial crisis has lasting effects on health that are substantial enough to increase mortality rates,” the authors write. The authors found a negative association between delinquent debt and health, when measured by mortality, and a positive association between credit-worthiness and health. (studyfinds.org)

How This 27-Year-Old Made $1 Million Last Year

February 1, 2017 Leave a Comment

Last year Michelle Schroeder-Gardner made almost $1 million — $979,000, to be exact. Guess how this 27 year-old made $1 million in a year. That’s right, blogging. From an article in Forbes, her ticket out of debt and into financial freedom has been her blog, Making Sense of Cents, where she offers tips on saving and making money — and publishes income reports. Schroeder-Gardner said: “I had actually started my blog in August 2011, before I graduated with my finance MBA. I got the idea one day when I was reading Cosmo and they had an article featuring the personal finance site Daily Worth. I started reading that website and I became super-interested in personal finance blogs. I started my blog as a hobby. I didn’t start it thinking I’d make an income from it. Six months later, I made my first $100 from my blog when a blogger friend who was already profiting from her blog connected me with an advertiser. I didn’t even know blogs could make money.” She keeps developing her blogging hobby into a career and her earning keeps going up: In 2013, she earned $117,000. In 2014, that increased to $164,000. In 2015, her earnings jumped to $321,000. And finally he made close to $1 million last year. (forbes.com)

Universal Basic Income for All is Coming?

February 1, 2017 Leave a Comment

If robots and machine intelligence threaten to render many white-collar jobs obsolete, then what will people do for money? Enter the concept of a ‘universal basic income’, a flat sum paid to all regardless of your existing wealth or ability to work. It is one of the rare ideas that has support from both the libertarian right — which favours tearing up the welfare state — and the left wing. In France, Benoit Hamon has emerged as the surprise Socialist candidate for April’s presidential election first round, on a radical programme that includes such an income — to be funded in part by a new tax on industrial robots. National or local governments in other countries such as Finland, the Netherlands, Canada, Scotland and Brazil are already evaluating how such a revenue might work in practice. Finland is furthest down the road. On January 1 it started a two-year trial to give 2,000 unemployed Finns a monthly unconditional payment of $590. At the least, advocates argue, a basic income could replace the thicket of unemployment benefits currently on offer in many advanced economies. (yahoo.com)

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