Personal Finance Roundup

College degree = $650,000 more in earnings [CNN Money] “Typical college grads earn about $650,000 more than their peers who just have a high school diploma.”

7 Deadly Energy Sinners: The Energy Hogs Hiding in Your Home [Wise Bread] “Here’s a look at some of those power-hungry appliances, and what you can do to be more efficient and economical without backbreaking hassle.”

Weddings on a Budget [Wall Street Journal] “Here are some ways to make the most of your time and money.”

3 money tips for every income [MSN Money] “These tips offer a good place to start for any household.”

Five Ways to Think About Diversification of Your Investments [Bucks Blog] “A few thoughts on diversification that might spark a conversation about money in your home or office.”

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  1. LabanDenter says:

    I love that deadly energy article. Written by people with half a brain.

    “Between 1949 and 2010, domestic energy consumption has more than doubled to about 100 quadrillion BTUs (PDF), according to the U.S. Energy Information Administration.”

    Heres another startling fact.

    Between 1949 and 2010 the population of the united states [Drumroll] doubled.

    Wow. Twice as many people are using twice as much power. And thats with all the new electronics being used between now and then.

  2. nearly_blind says:

    re. College degree = $650,000 more in earnings
    The original Pew source linked in the CNN Money is very intersting & detailed. I don’t have time for a thorough read right now, but a quick scan seem to indicate that they didn’t control for “ability” as sociology/education researchers usually do (which is very hard).
    In other words, yes college grads make more money, but on average people who are reasonably smart, driven, have good work habits, etc. end up going to college. Generally people who don’t go to college are on average, not as smart, driven, etc. Yes I know that this is not true for each individual, I’m just saying “on average”.
    What the numbers don’t show is the average differential between someone who is the type to do well at college but chose not to go, versus those who did attend. They also don’t show the differential for someone who is would be a marginal college graduate. In other words someone who needs to struggle to academically to get accepted and graduate college, versus similar people who did not go to college.
    I’m not implying that the numbers would drastically change, but the college “benefit” would definitely decrease if proper controls were included.