Stagnant Wages

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According to the Bureau of Labor Statistics, wages fell over the last year for ordinary, non-management workers. This is further evidence that companies are managing to avoid paying amid one of the tightest labor markets in decades. Questions: 1. What was the fall in wages from June 2017 to June 2018? 2. In two sentences,… Read more »

Lack Luster Gold

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According to Ms. Pattanaik, GOLD is not the safe haven that it once was. In fact, she concludes that gold may only come back as a safe haven if the markets face even grimmer news than that of recent times. Questions: 1. According to the author, what are the reasons why investor panic is not… Read more »

An expensive proposition

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Currently, it is estimated that an average middle-income family in the United States can expect to spend about $245,000 over 18 years to raise a child. This is from the Department of Agriculture’s annual “Cost of Raising a Child” report. Questions: 1. If you adjust for inflation, how much more will an average middle-income family… Read more »

New Estimates Out on the Cost of Having Children

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the U.S. Department of Agriculture, the cost of raising a child to the age of 18 is now a breathtaking $226,920. The cost of raising a child has risen over $60K since 2000. As a result, families squeezed by the economy are opting to wait to have children, but also tell Christine Romans… Read more »