Blue Collar Programmers, Food stamps at Amazon, Disappearing bank tellers, Great cities with homes under $250K

  • The newest blue collar worker: the computer coder – Are those who write code destined to be the equivalent for the assembly line worker at an automotive plant? (Wired)
  • A trillion here, a trillion there – Vanguard just surpassed $4 trillion under management for the first time ever. It’s not just market appreciation that’s helping to grow that figure; the index-fund pioneer attracted about $49 billion in net new money in January. While not all of the money that they manage is invested in index funds, a sizable portion is, furthering the growing sentiment among investor that index funds may be the best place for their investments. (Wall St Journal)
  • Visualizing the Shifting Income Distribution of American Jobs – Check out the charts to see how salaries and distribution of many jobs have changed over the past 50 years. (Visual Capitalist)
  • A Sign of the Times: Amazon to Begin Accepting Food Stamps – (There are over 44 million Americans currently receiving SNAP benefits, better known as food stamps. This financial assistance was designed to provide nutritious food to qualifying citizens, and about 54% of its beneficiaries are children and the elderly. (Consumerism Commentary)
  • 7 most promising finance jobs of 2017 – When it comes to careers, “finance” is a sweeping term. So before you hit Wall Street, you’ll need to figure out which role is right for you. LinkedIn broke down the top finance jobs of 2017, based on high median salaries, job openings, year-over-year-growth, and potential for promotion. Here are LinkedIn’s top seven picks. (Your Money)
  • Bank tellers going the way of the blacksmith – Overall, the number of bank branches are declining, several new branches have no employees present. (Washington Post)
  • The 25 best places to live where the average home costs less than $250,000 -Despite surging home prices across the US, it’s still possible to snag something affordable in a great city. As evidenced by U.S. News & World Report’s latest ranking of the best places to live in America, the top cities for settling down tout a strong job market, low cost of living, high quality of life, and affordable housing to boot. To find out which of the top-50 best places to live have home costs on par with the national median listing price, we filtered the ranking for cities where the median home costs $250,000 or less. Check out the top-25 cities and their median home prices. (Business Insider)
  • Would you like conversation with that? – A formerly undervalued skill is vital today. The US economy, like others around the world, abandoned manufacturing and left a huge swath of baby boomers out of work with a set of skills that had become obsolete. In the 1950’s and 60’s, few jobs needed social skills — think assembly line jobs — but today, with more people working in service jobs — think baristas — there is a greater and growing emphasis on social tasks. It’s not just Starbucks jobs that benefit from those with the gift of gab, extroverts may be the key to a start-up’s success.  (Quartz)
  • Index funds: They’re not just for you and me – Pension plans continue to hire consultants to tell them how to invest.Several state pension funds — including Illinois, Kentucky and Rhode Island — have slashed their hedge-fund allocations. In 2015, California’s public pension system, Calpers, announced that it was getting out of hedge-fund investments and reported unimpressive high-cost private equity performance over 30 years. (Bloomberg)
  • Driving using ride-share gigs to give their real career a “Lyft” – While ride-sharing drivers are making a living, a growing number are taking the opportunity to market their real ambitions (The Ringer)
  • I’m a 34-year-old who has never had a credit card — and it’s the worst financial decision I’ve made in my life – There are people who use the credit cards freely and get themselves into financial trouble. Conversely, you can negatively impact your credit score simply by not building up any credit. (Business Insider)

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