One out of three young Africans is unemployed, and the youth population will double by 2050. How can Africa create jobs for the young and avoid unrest? A man holds a poster marking South Africa’s Youth Day holiday in Soweto, South Africa, 16 June 2020. (AP...
On any day, the stock market can go up or down. But in the long run, a young person cannot afford to ignore the chance to invest in company shares. The effect of compound interest, with an initial investment of $1,000 and 20% annual interest, compounded at various...
Alan Wheatley’s article on stock markets touches on concepts of tremendous long-term importance to young people, such as compounded interest and interest rates. Wheatley has decades of experience covering international finance, and it shows as he connects investing fundamentals with economic growth and the current U.S. political situation. The article finishes with questions that can be taken up in a wide range of classrooms: Who would be better for stock markets — Trump or Biden? If you have $1,000, should you spend or save it? And why is Wall Street near a record high during the coronavirus pandemic? With Wheatley explaining matters, there’s no reason why economics should be “the dismal science”!
By Richard Hubbard The huge global investment industry is currently undergoing a radical transformation caused by the fairly recent discovery that millennials are very different from their baby boomer parents — and that they are about to inherit great wealth. As...
There are more millennials in China than the entire population of the U.S. and Canada. Whatever your interest, these young Chinese will impact you. Members of the China Olympic Team at the opening ceremonies for the Beijing 2008 Olympics in Beijing, 8 August 2008 (AP...
Are you worried millennials are doomed to financial inadequacy? That retirement is a pipe dream? Here’s a book with tough-love advice. Young people attend a seminar on investing, Brookline, Massachusetts, 8 January 2016 (AP Photo/The Christian Science Monitor,...