1. Millennials increase savings but fall short of target rate
http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A8E7D71F243AA0?p=AWNB
Summary
Saving for retirement is no easy task. Less than half of the population saves enough money for retirement. However the country is moving in the right direction. 45% of the country saves enough money for retirement, with a large increase in millennials (in regards to saving for retirement). Fidelity recommends people save 15% of their income, and while the rate at which people save is rising, they are not at that level yet. All in all, people (especially young people) need to save more of their income.
Problem
A majority of people in the USA don't save enough money for retirement.
Who has the problem?
The entire country overall, however there is emphasis on young investors because they have their careers ahead of them.
2. Downtown Orlando draws more tourists - Repeat visitors, word of mouth help trend grow
http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A8E7D711384F58?p=AWNB
Summary
Tourism in downtown Orlando is increasing. With everything from restaurants and art shows at the Dr. Phillips Center, to sporting events at the Citrus Bowl and Amway Arena. There is an effort to continue to have businesses organize events downtown in hopes of bringing a continued increase of tourism of Orlando (that isn't at the major theme parks).
Problem
Tourism to Orlando is something everyone in the world knows about. Except Orlando is known for Disney, Universal Studios, and Seaworld. Orlando should be known for its unique downtown atmosphere just as much as the theme parks.
Who has the problem?
Business owners in downtown Orlando
3. Wise strategy not to put your house into living trust
http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A8E7D637949B70?p=AWNB
Summary
It's not a good idea to put ownership of your home into a living trust because it will not be protected from creditors and lawsuits. There are different types of brokerage accounts that allow you to invest in the stock market.
Problem
People may put ownership of their home into a living trust (revocable trust) and it' a bad idea because you home won't be financially safe.
Who has the problem?
Everyday Americans who are simply trying to figure out the legalities of owning a home.
4. Dont live beyond your means - Here are three money mistakes you maye be making if you find yourself living paycheck to paycheck
http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A8E7D69FFE6E00?p=AWNB
Summary
Millions of Americans are living paycheck to paycheck, however not everyone of those Americans are poor. Rather, a good amount have poor spending habits. Three common mistakes are overspending, the absence of a financial plan, and having no financial cushion for emergencies.
Problem
Millions of Americans are financially irresponsible
Who has the problem?
The portion of the population that live paycheck to paycheck not because they are necessarily poor, but because they do not know how to manage their money.
5. Garbage, yard waste woes still evident, street by street, - County says it's improving service though
http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/15A8936B034785F8?p=AWNB
Summary
Orange county Florida recently implemented a new automated garbage service to save money and help the environment, and it's not going well. Private waste haulers are missing neighborhoods and behind schedule. It going rough and needs some work the the system to become efficient.
Problem
Orange county's new automated garbage service has plenty of issues, from entire neighborhoods being missed to behinds days behind schedule for the weekly trash pickup.
Who has the problem?
The government of Orange County is the source of the problem while the residents of the county are the ones taking the hit.
Hey Anan! The issues and opportunities you have found and posted here are all actually pretty interesting, as they deal with current issues that are local but could totally happen anywhere else in the U.S. and possibly the world. Specifically talking about the article you brought up about investing and saving money, I feel that there is a chance to make something out of that situation. Perhaps instituting a business where young people could invest small amounts into a permanent savings account that would later yield profit when the user chooses to withdraw. All in all, very interesting points. I invite you to read my blog and analyze the points I made and draw your own conclusions from it!
ReplyDeletehttp://agarciaent3003.blogspot.com
Hey Anan
ReplyDeleteIn reading your blog, one concern for me for sure is being able to save money. I am worried that as time goes on social security will be altered or worse obsolete. I have been trying to save money as much as possible, but being in college and having to pay for everything it makes it hard at times. I hope once out of college, I will be able to start my 401k and save up enough money to be able to retire early. If you would like to read my post on the same topic I am attaching a link to it below.
http://amshiremanblog.blogspot.com/2016/01/identifying-local-opportunities_24.html
All of the opportunities you listed are huge! Especially the garbage problem. I have been seeing that on the news lately, and it was really getting out of control. Your totally right about downtown Orlando. I have been down there a few times and it is always good to go. Most people have no idea what Florida has to offer outside of the major theme parks.
ReplyDelete