Financial Tidbits 04/30/2013

A recent study shows that 25% of people ages 44 to 70 are interested in becoming an entrepreneur and 63% of Americans plan to work during retirement, according to

The SBA has a toolkit for people ages 50+ that includes free online courses targeted at helping older entrepreneurs start or grow their businesses, it can be found on

A recent Insured Retirement Institute (IRI) survey found the percentage of Boomers confident in their retirement preparations has declined by 7 percentage points in the past two years, to 37% in 2013.

Research by Symantec finds companies with less than 250 employees were the focus of 31% of all cyber attacks last year vs. 18% in 2011. About 56% of scams came through social media and were fake gift cards or surveys. Other interesting information from the survey: 1 in every 291 emails contains a virus; 1 in every 414 emails is phishing; the number of identities stolen per breach has jumped 350% vs. 2011; financial services was the 2nd  highest industry attacked at 19% vs. 24% for manufacturing at #1; and the top causes of  data breaches last year were by hackers (40%), accidentally made public (23%), theft or loss of computer (23%) and insider theft (8%). 

The Guardian is reporting Facebook lost 4.0% of its users in the US (9mm) and 4.5% in the UK (2mm), as people spent less time on desktops and mobile usage increased.

Analysis by CNBC of the Home Affordable Modification Program (HAMP) designed to help people stay in their home and avoid foreclosure finds 46% of the oldest permanent modifications have re-defaulted.

The largest bank in the country is JPMorgan Chase, which has grown 60% from 2006 through the end of 2012 and is now $2.03T in size.

The Kauffman Index of Entrepreneurial Activity on business creation in the US finds startup activity has fallen to about 0.30% in 2012, about the level of 2007 and down from the peak of 0.34% reached in 2010.


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 Entrepreneur, Facebook, Homeownership, Investing, Market Share, Money, Real Estate, SBA, Small Business, SMB, Success, Technology, Tips, Training

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