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October 11, 2013

Delayed Careers for Millennials
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The current crop of young Americans are the most educated generation ever. So why is it taking them so long to launch their careers? Then - you may have heard of those tax saving accounts to help you save for retirement or college. Are they a good deal? Not necessarily, according to a leading economist.
Episode Segments:
 
InfoTrak: Delayed Careers

Americans in their 20s and early 30s are the most educated generation ever, but it's taking a lot longer for them to launch their careers. Anthony Carnevale, PhD, Director and Research Professor of the Georgetown University Center on Education and the Workforce explained how structural economic shifts and two recessions have turned this into the "lost decade" for Millennials, particularly men. He said the new demands for advanced skills in today’s job market mean that young adults need more education and training--something that today’s universities are failing to deliver.
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InfoTrak: The Truth About 529 Plans

Vicki Bogan, PhD, economist, Associate Professor at the Charles H. Dyson School of Applied Economics and Management at Cornell University conducted a study of 529 savings plans, which are special tax-favored savings accounts intended to help families save for future college costs. Her study found that fees in these plans are surprisingly high, and the more valuable the state tax break, the higher the fees in a state’s plan. She said the complexity of 529 plans often discourages parents from utilizing them. She explained how parents can learn to make wise decisions on saving for college.
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InfoTrak: Choosing a Pediatrician

Choosing a pediatrician is one the toughest challenges faced by a new parent. Dr. Jay M. Harvey, MD, a pediatrician in Trinity, FL explained how parents can make wise choices when selecting a pediatrician for their child, and what basic step parents can take to improve their children’s health.
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