Keeping Those Part-Time College Jobs In Perspective

Many many young adults are starting college this month. For most of them, this also means, starting their first jobs. One common struggle for new college students is managing school, work, and their new found income. This tends to be a great lesson in prioritization and time management. It can be tempting for young college students to focus on making money in their part-time jobs, but their priority should be on studying and finishing that college degree.

For those that have scholarships, they may lose thousands of dollars in scholarship money if grades don’t meet a high average. No part-time minimum wage job in the world could make up for this type of loss. For others, college tends to get paid primarily through student loans and school-based grants. In this case, these loans and grants also depend on the student’s ability to stay in school and maintain a passing GPA.

Income from a part-time job can quickly become a distraction for college students. This supplemental income can start to provide students with spending power that they’ve never had before. However, it’s important to remember that the bulk of college and living expenses are coming from scholarships, loans, and grants, and all these can depend on the student maintaining high grades and or graduating.

In the case of student loans, if the student doesn’t maintain good grades and remain in school full-time, they can be required to start paying back their loans immediately. These loan payments would more than likely put the student in a position where their part-time job would no longer provide the income they need to live.

The point here is if you or your child is starting college it’s important that they keep those part-time college jobs in perspective. Remember that good grades and staying in school are a much higher priority than a part-time job income. Especially if you are using scholarships, student loans or grants to pay for college and living expenses.

Hillary Clinton on Economy and Jobs

Hillary Clinton focuses her 2016 presidential campaign on creating jobs for the middle class. She’s had experience in doing so. She was the First Lady when President Bill clinton, her husband, created more jobs than any other President. Here are five ways her economic plans would create jobs. 
Tax Cuts: Give tax cuts to the middle class and small businesses. Across the board income tax cuts, such as the Bush tax cuts, create 4.6 jobs for every $1 million in cuts. Tax cuts for middle-income families work better than for higher income families. That’s because they are more likely to spend any additional income, putting it directly into the economy. Higher-income families are more likely to save or invest any tax savings. That helps banks and the stock market but doesn’t create economic growth. That’s because the nation’s measurement, Gross Domestic Product, doesn’t include stock market gains as economic output. 
Tax cuts for small businesses work best if they are payroll tax cuts. The Congressional Budget Office study found that payroll tax cuts create 13 new jobs for that same $1 million. The best tax cut goes to companies only when they hire new workers. That creates 18 new jobs for every $1 million spent. 
Infrastructure Bank:  The National Infrastructure Plan would allocate $27.5 billion annually to improve roads, bridges, public transit, rail, airports, the Internet, and water systems.
That’s the best way to create jobs, according to a U Mass/Amherst study. Researchers found that $1 million spent creates 20 new jobs. That means Clinton’s $27.5 billion would create 550,000 jobs. 
Clinton also wants to put $9 billion into an Energy Plan. It would repair oil pipelines, among other activities, having the potential to create 180,000 jobs. 
Raise the Minimum Wage: Clinton would ask Congress to raise the U.S. minimum wage to $15 an hour. She wants to increase workers’ benefits, expand overtime, and encourage businesses to share profits with employees. That would put more money into the pockets of employees who spend a larger percent of their incomes. 
Invest in Education: Invest in teachers by supporting unions and collective bargaining. Make community college free. The College Affordability Plan would  spend $35 billion a year. It would create a program to refinance student debt. It would also pay states to guarantee tuition. The Expanded childcare Plan and the Early Education Plan would spend $27.5 billion a year. States could make preschool available to all 4 year olds and expand Early Head Start. 
Funding for education is the second-best way to create jobs. each $1 million spent creates nearly 18 new jobs. That means Clinton’s plans would create 112,500 new jobs. Furthermore, these jobs are better paid than retail or food service workers. That’s because the new positions are also in the education field. 
Raise Taxes on the Wealthy: Clinton would ask Congress to tax those earning $1 million a year at least 30%. She would impose a 4% surcharge on incomes above $5 million a year. That includes capital gains as well as earned income. She would restore the Estate Tax to 2009 levels, or 45%. 
She would charge risky banks extra. That includes financial institutions with more than $50 billion in assets, too much debt, or excessive reliance on short-term funding. 
Hillary would combat “quarterly capitalism” by raising short-term capital gains taxes. That targets those earning $400,000 or more a year, the top 0.5% of taxpayers. She also wants to impose higher taxes on high-frequency traders. She would tax companies that relocate their headquarters overseas to avoid U.S. taxes. These Wall Street tax increases would raise $80 billion a y ear. 
Tax increases typically don’t create jobs. But Clinton’s tax increases will boost the economy by reducing income inequality. Between 1979-2007, the richest 1% of American households increased their income by 275%. Income for the top fifth rose 65%, but only increased 18% for the bottom fifth. 
One reason is that many of the wealthiest receive their income from investments. Those capital gains taxes are lower than income taxes. That means they pay a lower tax rate than ordinary workers. For example, hedge fund managers only pay 15% because their income is long-term capital gains. 
Income inequality is one reason why the U.S. economy isn’t rebounding as fast as in prior recoveries. high-income households invest, which is why the stock and bond markets are having record years. If low-income households had tripled their earnings, like the top 1% did, they would have spent more. That creates more jobs than the stock market does. 

How to Spot Work-From-Home Scams

The idea of working from home is certainly appealing, which is why it is the perfect environment to breed schemes and scams designed to drain your bank account and steal your identity. That’s not to say there aren’t legitimate opportunities to work at home, but have you done your research and know how to spot the scams masquerading as opportunities?  Here are several things that may indicate a work-from home scam:
A Lot of Money for A Little Work- The old adage- if it seems too good to be true, it probably is- definitely applies to work from home scams. If an ad promises you to make thousands of dollars a month in your spare time- pass it by and keep looking.
You Have to Pay for Training or Equipment- If the employer presents you with an ‘opportunity’ that involves you paying for equipment and or training up front, there is a good chance it is a scam. Legitimate employers will provide you with the tools and training you need to get the job done, at no cost to you.Unsolicited Job Offers- If you received a job offer for a work from home position you haven’t applied for, think twice before responding. Chances are it is a phishing scam designed to you to hand over personal employment data such as date of birth and Social Security Number.
High- Pressure Timelines- When it comes to work from home jobs, the words “limited time offer” should raise a red flag. If an employer is pressuring you to make an immediate decision or telling you there is only one spot left, it is probably not a legitimate opportunity.
Reluctance to Answer Questions- If a prospective employer is unwilling to answer your questions or offer vague responses with little detain, end the discussion and move on. A legitimate business will have no problem answering questions and offering as much information as you need to make a decision.
Before agreeing to any work from home opportunity, research the company with your local Better Business Bureau and the state Attorney General. If you think you have spotted or been a victim of a work from home scam, contact the Federal Trade Commission.
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