Lou's Feed
Jul 10, 2012
Jul 6, 2012

Your Money: How the sandwich generation can avoid getting squeezed

CHICAGO (Reuters) – Children of the baby boomers, the so-called sandwich generation, face household fiscal strains unlike any other time in history, often with the obligation to support their parents as they age and their children as they enter college, with one eye on their own retirement funds.

Here’s the bottom line: More than 60 percent of young adults ages 19-22 receive financial help from their parents, according to a 2012 study co-authored by Patrick Wightman and Robert Schoeni at the University of Michigan. The tally comes to about $7,500 a year when help with rent, transportation and college tuition are included.

Jun 29, 2012

You, too, can be like Larry Ellison and buy your own island

CHICAGO, June 29 (Reuters) – You don’t have to be Larry
Ellison to own an island.

You may not have the $500 million to $600 million it
probably cost the Oracle C EO, one of the world’s richest men, t o
buy Hawaii’s sixth-largest island, Lanai, recently.

Jun 18, 2012
Jun 15, 2012
Jun 14, 2012

Your Money: Is LinkedIn Premium worth it?

CHICAGO (Reuters) – For job seekers and employers alike, LinkedIn provides a valuable service. While many features are free, the professional social networking website dangles an array of additional tools – for a price. But for those on a budget, is a LinkedIn Premium account worth the money?

The answer depends on how you use LinkedIn, which has more than 160 million members. For recruiters or those in cold-call sales, LinkedIn Premium’s access to potential clients is a boon. But many job seekers may want to save their cash for printing resumes.

Jun 14, 2012

Is LinkedIn Premium worth it?

CHICAGO, June 14 (Reuters) – For job seekers and employers
alike, LinkedIn provides a valuable service. While many features
are free, the professional social networking website dangles an
array of additional tools – for a price. But for those on a
budget, is a LinkedIn Premium account worth the money?

The answer depends on how you use LinkedIn, which has more
than 160 million members. For recruiters or those in cold-call
sales, LinkedIn Premium’s access to potential clients is a boon.
But many job seekers may want to save their cash for printing
resumes.

Jun 14, 2012

Your Money: At the crossroads of the vintage guitar market

CHICAGO (Reuters) – Collectors and guitar fans have been whipsawed by the Elvis-pelvis gyrations of the vintage guitar market. Now they’re at a crossroads – is it time to pick up that choice instrument?

Prices for prized guitars soared in the early 2000s as speculators jumped in, then the market plummeted by as much as 30 percent by the end of the decade.

Jun 14, 2012

At the crossroads of the vintage guitar market

CHICAGO, June 14 (Reuters) – Collectors and guitar fans have
been whipsawed by the Elvis-pelvis gyrations of the vintage
guitar market. Now they’re at a crossroads – is it time to pick
up that choice instrument?

Prices for prized guitars soared in the early 2000s as
speculators jumped in, then the market plummeted by as much as
30 percent by the end of the decade.

May 23, 2012

Will investors take to crowdfunding?

CHICAGO (Reuters) – Artists are not renowned for financial savvy, but their success in raising money on the Internet through donations to crowdfunding websites like Kickstarter and Indiegogo could lead the way for a new class of investing. Soon investors will be able to pile money into startups through such sites with the hope of getting more than a lousy t-shirt in return.

Before April 5, U.S. regulators only allowed donation-based crowdfunding projects, which raise money from the general public via the Web.

    • About Lou

      "Lou Carlozo most recently served as the managing editor at WalletPop.com, AOL's personal finance website. He also wrote and created "The Recession Diaries" column at the Chicago Tribune, where he served as an editor and staff writer for 16 years. The author of a journalism textbook and an adjunct professor at National-Louis University, Carlozo is the lead popular music critic for Christian Century magazine, a contributor to Downbeat magazine and also writes the "Green Dad" column for DealNews.com. The opinions expressed are his own."
      Joined Reuters:
      2011
      Languages:
      French
      Awards:
      Bob Briner Impact Award, Biola University, 2007
      Chicago Tribune Innovator Award, 2005
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