The Week in Review from Valeo Financial Advisors (June 6, 2014)
June 6, 2014    Disclosures    POSTED IN  Markets

Personal Finance

  • 72% of surveyed grandparents say they want to help fund their grandchildren’s college, about 32% say they currently are doing so USA Today
  • Since 1950 the percentage of where Americans spend their money has steadily drifted from commodity based (lead by food and apparel) to services (lead by shelter and medical care) BLS: TED

Employment and Income

  • How frequently do private businesses pay their workers? BLS: TED
  • Educational attainment and earnings of women BLS: TED

U.S. Economy

  • U.S. payrolls increased by 217,000 in May and the unemployment rate stands at 6.3%, nearly a 6-Year low Bloomberg
  • How the recession reshaped the U.S. economy, in one chart composed of 255 charts The New York Times

Global Finance

  • The European Central Bank cut the bank deposit rate to -0.10% in an effort to further stimulate growth in Europe. Bloomberg
  • Standard & Poor’s affirmed the U.S. national credit rating of AA+ (the second highest level) CNBC
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