Posts Tagged "psychology"

Inner-City Teen Interns Are Better Off

High school students who participated in Boston’s summer jobs program in 2015 work on a public beautification and landscaping project.

It’s a spring rite in Boston.  The mayor’s office and private and non-profit employers hustle to get ready for a program employing more than 10,000 inner-city teens for the summer.

A new study of the summer 2015 participants shows that the high school students made remarkable strides, compared with the kids who applied but were not accepted for the limited number of slots available in the program.  New York and Chicago have similar, large programs.

The Boston teens, who are mostly either black or Hispanic and from low-income neighborhoods, improved their job readiness, from showing up on time to developing their resume-writing skills, and also boosted their confidence and sense of identity. Perhaps most important, the program increased aspirations, particularly among black males.

Two out of three participants have single parents, and one in three is from immigrant families who do not speak English.  While college-bound children of wealthy parents may choose summer camp over a summer job, being idle in the summer can be a big disadvantage for inner-city kids.

“These kids just have less opportunities to develop [job] skills just by growing up in the neighborhoods they do,” said Alicia Modestino, the Federal Reserve Bank of Boston researcher who studied the program.  “Fewer people in their lives have a job. They’re living in a neighborhood with fewer job opportunities.”  Further, single parents in low-income households often work nights or have multiple jobs and are too pressed for time to help their children develop these skills.

The jobs in Boston’s program are primarily either with private-sector employers – some of the top-tier internships are with major corporations – or with non-profit organizations such as local YMCAs, Sociedad Latina, the Boys and Girls Clubs of Dorchester, and the New England Aquarium. A requirement of the summer program – one of the nation’s oldest – is that each high school student attends sessions in which they learn to write resumes, practice job interviews, and answer questions properly on online applications.

Modestino was surprised that the strongest results in the study came in the category of “social engagement.” For example, her study found a sharp increase in the share of participants reporting they felt they “had a lot to contribute.” …

Learn More

Social Isolation a Real Danger for Elderly

Social isolation kills – literally.

In this video, Professor James Lubben, founding director of Boston College’s Institute on Aging, discusses numerous research studies showing that people who lack a social network of friends or family are more likely to neglect good health practices and to experience psychological distress, cognitive impairment, the common cold, and even death – “it’s on a par with smoking,” he said.

Seniors become particularly vulnerable to becoming isolated as they decline physically, but isolation then makes them more vulnerable to worsening health.

Social health should “be as important as mental health and as physical health,” said Lubben, who also is a professor of social work here at Boston College.

Summers are a fun and busy time – this video is a reminder that elderly family members and neighbors who aren’t very mobile might need some company or someone to check in on them. Learn More

Dominos falling

Financial Anxiety Amid Economic Growth

The economy keeps chugging along, unemployment has been bobbing at or below 5 percent all year, and wages have been creeping up.

Yet anxiety is rising, according to a newly released survey by Northwestern Mutual.  In February,
85 percent of Americans said they had “financial anxiety,” particularly about how they would pay for an unexpected emergency or medical bill.

And here’s how financial anxiety affects them:

  • Callout70 percent say it reduces their “happiness,” their mood, or their ability to pursue their dreams, passions, and interests.
  • 67 percent say it impairs their health.
  • 61 percent say it has a negative effect on their home life.
  • 51 percent say it has a negative effect on their social life.

For more than half, the most popular answer to how financial security would change their lives was: “Peace of mind that I never have to worry about day-to-day expenses.”

Northwestern Mutual summed things up by saying “the levels to which financial anxiety is impacting all corners of people’s lives is extraordinary.”

Pretty strong words for a typically cautious insurance company. Learn More

Middle class illustration

More Americans Are Upper Middle Class

Yes, income inequality has risen dramatically over the past 35 years. But something else has happened that might surprise you.

The size of the upper middle class is expanding, as Americans migrate up from the ranks of the middle class and poor, according to a new analysis from the Urban Institute.

figure
Economist Stephen J. Rose uncovered this finding by defining how much income families needed in 1979, just before inequality really took off, to be counted as rich, upper middle class, middle class, lower middle class, or poor. He anchored his class divisions largely around incomes relative to the federal poverty level. For example, he set the income floor for the upper middle class at five times the poverty level. He then used U.S. Census Bureau survey data to estimate the share of American families falling into each income tier in 1979 and in 2014, with incomes adjusted for inflation. …Learn More

Thumbs up

Our Readers’ Favorite Blogs

It’s the time of year when we highlight blogs that attracted the most page views over the previous six months, according to Google analytics.

Today, we’re listing a “baker’s dozen” – 13 blogs – popular with our readers, instead of the usual top 10.  This allows us to highlight some interesting themes that were apparently on readers’ minds:

Many retirees weighed in with their comments on two blogs about how and why they’re taxed:

  • How Federal Taxation Drops for Retirees
  • Why Most Elderly Pay No Federal Tax

A new feature called “Boomers: Rewriting Retirement” that profiles people who are either approaching retirement or recently retired made the list:

  • A Familiar Dilemma: to Work or Retire

Squared Away tried something else new – two quizzes on financial topics – and many readers took them: …Learn More

Job satisfaction illustration

More Retirees Get Less Satisfaction

Figure: More Retirees Get Less SatisfactionIn the late 1990s, six out of ten retirees found retirement “very satisfying.” Today, not even half do, according to a recent analysis of a long-term survey of older Americans.

The news isn’t all bad, since the “moderately satisfied” share rose – and moderately satisfied is probably a more realistic goal for most people anyway.

But the question of why so few people are very satisfied with their retirement state of mind is difficult to pin down. The survey analysis by the Employee Benefit Research Institute (EBRI) and past academic research provide some clues.

Health.  It’s well-established that health and satisfaction are inextricably linked: healthier retirees are happier retirees, according to a 2005 study by the Center for Retirement Research, which supports this blog.  One reason health is important is that retirees who are healthy can remain active – bridge, golf, travel, volunteering, whatever – which brings satisfaction. …Learn More

Person screaming

To Escape Stress, Some Workers Retire

Call it the “fed-up factor” – the uncomfortable circumstances at work that spur some older people to retire, sometimes prematurely.

Squared Away’s readers recently shared their personal experiences in comments posted to a blog post about three job characteristics, identified by researchers, that are linked to earlier retirements: stress, inflexibility, and increasing demands.

Working in the healthcare field has had unique stresses – at high levels – for one reader, Elin Zander, a dietician. Stress “is experienced by clinicians trying to provide quality care in an ever more difficult environment,” she said. “That is why I will retire as soon as I can afford to.”

Paul Brustowicz and his wife both retired to remove themselves from uncomfortable situations – her retirement was to relieve her stress from working as a manager in the demanding healthcare field. As for Brustowicz, “an abrupt change in management with a supervisor who treated me like a newcomer changed by mind,” he said.  He had planned to work until 68 but didn’t make it to 67 in his non-managerial job as a training professional for a life insurance company.

John Schmidt’s stress came in working as a high-tech consultant after 30 years in the field – though not for obvious reasons. …Learn More

12345...10...