Presented by treehouse If you’re a young professional in the U.K. at the moment, particularly in London, two numbers should give you a lot of food for thought: 16 and 2,350. Sixteen is the number of years a ‘skilled service worker’ needs to work in order to be able to buy a 60m2 (650 square feet) flat near the city centre in London, according to a report by UBS: 2,350 U.S. Dollars (1,800 GBP) is the average rent in London, according to a study posted on Reddit not too long ago, the tenth most expensive out of 540 cities looked at world-wide, and the most expensive in Europe. A report by the Institute for Fiscal Studies found that today’s young adults are significantly less likely to own a home at a given age than those born only five or ten years earlier. At the age of 27, those born in the late 1980s had a homeownership rate of 25 percent, compared with 33 percent for those born five years earlier (in the early 1980s) and 43 percent for those born ten years … [Read more...] about Millennials want more from property markets: Transparency, affordability, and digitization
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By Dayana Yochim/NerdWallet The average household led by a retiree makes $48,000 annually before taxes and spends roughly $46,000 a year. That's according to the Bureau of Labor Statistics' (BLS) measure of the income and outflow of "older households," meaning ones headed by someone 65 or older. Meanwhile, the annual average pretax income for all U.S. households is about $74,000 and expenditures are $57,000. While the main source of money for those still toiling in the 9-to-5 world is, of course, wages from work, who signs the average retiree's $4,000-a-month paychecks? Here's the answer to the $48,000 question. Retirees' trillion-dollar allowance By far the biggest source of income for retired Americans is Social Security, which in 2018 will pay out about $1 trillion in benefits, according to data from the Social Security Administration. As of May, the average monthly Social Security benefit for retired workers was $1,412, or just shy of $17,000 a year. (Remember, this is per … [Read more...] about Could you get by on the average American’s retirement income?
Don’t put away your tax return just yet. The numbers on that form offer clues on how to improve your financial future by showing how you make, spend and save money. Here’s where to look, section by section. Income: Diversify your income streams Multiple income streams can help make you more financially resilient. If you lose one income source (because of a layoff, for example), you’ll still have the others. Some strategies: Set up a side business. Self-employment — whether full-time or as a side hustle — offers a bunch of ways to save on taxes, including deducting retirement plan contributions and health insurance premiums. You also can save by employing your kids, as long as you pay reasonable wages for legitimate services. Diversify your investments. Your return should show at least some interest from your emergency savings. If you don’t have an emergency fund, you need to start one — $500 is enough at first. Retirement contributions should … [Read more...] about Use your tax return to map out a better financial future
CINCINNATI--(BUSINESS WIRE)--Apr 30, 2018--Medpace Holdings, Inc. (Nasdaq: MEDP) (“Medpace”) today announced financial results for the first quarter ended March 31, 2018.First Quarter 2018 Financial Results under ASC 606Revenue for the three months ended March 31, 2018 was $163.1 million. For the first quarter of 2018, total direct costs were $117.3 million, and Adjusted direct costs were $118.0 million. Selling, general and administrative expenses were $16.0 million and Adjusted Selling, general and administrative expenses were $16.2 million for the first quarter 2018.GAAP net income for the first quarter of 2018 was $14.6 million, or $0.40 per diluted share, which resulted in a net income margin of 8.9%. Adjusted EBITDA for the first quarter of 2018 was $28.7 million, or 17.6% of revenue. Adjusted Net Income was $20.0 million, and Adjusted Net Income per diluted share was $0.55 for the first quarter of 2018.First Quarter 2018 Financial Results under ASC 605Net service … [Read more...] about Medpace Holdings, Inc. Reports First Quarter 2018 Results
There’s a common anxiety dream that involves walking into a classroom to discover it’s the day of finals and you haven’t cracked a book all semester. Then there’s the waking dream a lot of Americans have — the one where you’re getting ready to retire but haven’t saved enough money to cover expenses if you stop working.Just six in 10 workers report having saved anything — anything — for retirement, according to the Employee Benefit Research Institute, so a lot of people today may be losing sleep over their future finances.Even those who are making a diligent effort to prepare for their golden years are falling short: Data from workplace plan administrator and fund giant Vanguard shows that just 18% of workers save the 10% or more of income that experts recommend squirreling away for retirement. More than a third are putting away less than 4%. (Unclear where your savings stand? A retirement calculator is a good place to … [Read more...] about 13 last-ditch ways to avoid the poorhouse in retirement