Financial Tidbits 04/24/2013

A study by the Fed NY finds college graduates with student loan debt are less likely to take out auto or home loans than those who have no such debt.

A report by the Brookings Institute finds 60% of job losses between 2007 and 2010 were in construction, manufacturing and retail.

A study by Duke University of 468 chief marketing officers in the US finds they expect to spend 8.4% of their budgets on social media this year, 11.5% next year and 21.6% in 5Ys.

Research firm IDC projects devices running Google’s operating system will hit 49% of the market this year vs. 46% for Apple, as Google surpasses Apple for the first time.

The SBA reports about 50% of all new business ventures fail during their first 5Ys of operation. This is a key reason bank loan officers look for longevity of operation.

A new survey by Ernst & Young of large companies in 50 countries finds 51% of executives think the global economy is improving, but only 29% said it was enough to interest them in making an acquisition this year.

Experts predict in the next 5Ys, 50% of retailers will offer mobile check out using a tablet or smartphone.

A study by the University of Massachusetts Dartmouth finds from 2011 to 2012, companies in the Inc. 500 reduced Facebook usage (from 74% to 67%), increased LinkedIn usage (73% to 81%), boosted YouTube usage (30% to 45%) and slightly reduced Twitter usage (67% to 64%).

A KPMG survey of 650 businesses and IT leaders worldwide finds about 50% are already working in the cloud, but 33% said the costs to do so were higher than expected.

The latest Zillow survey shows home prices are expected to rise 4.6% in 2013 and 4.2% in 2014.

Wells Fargo reports the percentage of people borrowing from their 401(k) jumped 28% in Q4 2012 vs. the same period a year earlier. The average loan amount was $7,126 and 34% were taken out by people in their 50s (vs. 29% for those in their 60s and 27% for people in their 40s).


Branch Manager that has worked in the small to medium sized business lending field. I have experience in all types commercial lending and I'm here to provide insights from a lender's point of view. I hope to impart some knowledge that can take your business or profession to the next level. I currently work as a Branch Manager at the 10th & Bannock Office for Banner Bank in Boise, Idaho.

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Posted in Debt, Google, Homeownership, Jobs, Money, Student Loans

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