Ajrealmoney and facebook. Com ajrealmoney. There are more signs that americas recovery is on the mend. The economy shined bright earn imagined this summer. Gross domestic product, the fraudest measure of goods and Services Grew at 4. 1 in july august and september compared to the previous three months. Driving gains, higher spending by consumers and businesses than what was initially calculated. The consistent growth over the past year now makes the case for a more robust economic recovery going into 2014 if we can maintain momentum. One cause for concern is a big share came from businesses stocking stuff in their warehouses and on their shelves. However, there are indications that americans bought more than expected during the holiday season, and that will be an economic boost. Thats also important because 2 3 of this countrys output comes from our spending. To really judge whether we have turned a corner, we need to see spending pick up in the final three months of 2013 and into 2014. We will get a sense of that in the first estimate for gdp in the final months of the year that comes out on january the 20th. More spending fuels more demand for goods and services which gives businesses incentives to expand and create jobs. Since the summer, we have added almost 200,000 jobs a month, and the economy is up 2. 1 million jobs for the year, making 2013 likely to be the best year for hiring since 2005. We will look for more signs of that in the december jobs report which comes out on january the 10th. Finally, we will watch to see how Monetary Policy affects b h Growth Prospects in 2014. Last week, the Federal Reserve announced it intends to taper moves to stimulate the economy. A meeting starting on january 29th. By all accounts, the u. S. Economy is on the rebound, but one Factor Holding back faster growth is that not enough young people are creating new households. That happens when someone decides to live on failure own and rents or buys a home. As a catch22, for the economy millennials have to create new house homicide. Many wont take the plunge until the economy gets trostronger. T means they are living with mom and dad in a full house that may include their 20something brothers and sisters. Wa juerta has the story reporter in a cu 24yearold Alleyne A Joseph spends nights knickknacks from her childhood at her moms house. How would were you when you first got this . I think i may have been like 11 or something. I was little. It was a christmas base arrest at my school. Bizarre. Back in 2007, about 31 of 18 to 32yearolds were living with their parents. Now, its up closer to about 35 . Its actually even higher than it was in 2009 when the recovery officially began. Pew center richard fry says alenas decision not only affects her family but, also, the american economy. Millennials are setting up fewer house homicide. The rate is down and that has had quite a bit of economic complications. Many con services and consumer durables are dtied with setting up your household. When a person moves out, they rents or by a place and has transportation to and from her new home and buys goods and services, furniture, power, water, internet, food, elec electroni electronics, duerables like a washing machine. All of her needs translate into jobs for other people. Alena is holding back, waiting for the right time to move . It made more sense to kind of be at home and work on building up and saving and getting ready for grad school than to be struggling trying to live down the street. Apartments like studios near my school are around 1800. The u. S. Labor Department Reports 11 of people in alenas age group who want a job cant find one of. Thats much higher than the National Average and its forcing many Young Americans to count every penny. A movie ticket is two strips to chipolte. Burritos. Millennials are getting a late start. Pew research claitsdz few head their own households. Its not a stigma. It makes sense. Our parents know none of us can afford to live outside homes. There must be sometimes where you wish, i just want to come home and be by myself . Every once in a while. But its not that bad. Historically, 1. 1 million new households are created each year. The latest census data show only 380,000 households were created over the past four quarters through september. In all, the National Home Builders Association says, more than 3 million households never formed in the u. S. Because of the great recession. Eating and having somewhere to live, that would be hard to do both. For her part, alena says she is determined to move out of her mothers basement next year, joining the foreign service. Until her first check comes, she is not budging. I am at home, yes. My mother is patient. Maryland. Some Home Builders are forecasting a better year in 2014, in part, because of the improving job market will free some young people to strike out and buy homes satisfying some of the pentup demand the recession created. The 800pound gorilla in themule mutual fund is an investment many dont know they own. The money in these funds has exploded from 71,000,000,000 at the end of 2005 to more than half a trillion dollars this year. One reason, they do the work for you, moving money from more risky stock funds into bond funds as you get closer to retirement. As Stacy Tisdale reports, they are their onesizefitsall approach might not be right now reporter whats the mutium funds nobrainer . Target date mutual funds. Fund. How is this supposed to make saving for retirement easier . You are missing the bigger message here simplicity. Target date mutual funds have sparked a lively debate about a product that on its face sounds simple. Pick your retirement date, find it. What we do is we invest them for our target date of retirement. If you are going to retire in 2025, you buy a 2025 fund. They are generally comprised of a mix of funds. The more you hold in stock, thats a riskier part of your portfolio thats designed to generate growth. As your retirement date grows closer, in whats called the glide path, the fund manager glides money out of stocks and into bonds with the yd that the money you need will be safer there. So, if you are retiring in 2025, by the time you get there, your fund may have a mix of 30 stocks and 70 in bonds and cash. But before the market crash of 2008, many funds close to their target date had much heavier al cases to stocks meaning investors lost huge amounts of savings when the market tanked . These funds lost almost 38 of their value in that year and a half time span where we saw the market decline. So, that was a problem. An analyst point out that the autopilot approach to Retirement Planning may not work for everyone. If you are a late starter and you jump into, lets say, a 20 30 fund or 20 20 fund and you have not put enough away, you might need to take more risk. On the other hand, if you had somebody who started when they were 18 years old and now, they are 60 years old and they retire in five years, they can be in that primp glide path. There truly is the idea one size does not fit all. They surged after 2006 when president bush signed the pension and protection act. It made them a default option for workplace plans meaning if you dont choose your own investments, you may be fund. Over the past few years, the size of the industry has skyrocketed to more than 500 funds with close to 600,000,000,000 in assets. Vanguard says by 2017, 55 of 401 k participants will have their whole retirement account invested in a target date fund. Investors have made a choice and they are already moving towards the target date or the nexted asset. Continue. That makes it imperative that the industry and employers continue to educate the public about the pros and cons of target date funds. Stacy tisdale, al jazeera, new york. A survey by the securities and Exchange Commission found that 45 of investors mistakenly believed some or all target date funds provide a guaranteed income in retire the. They do not. Coming up, a startup that helps real people get their product ideas on the shelves in a matter of months. This is the model shops where we are making all sorts of prototypes, the latest and greatest quirky products. That and more when rereal money continues. Al Jazeera America is a straightforward news channel. Its the most exciting thing to happen to american journalism in decades. We believe in digging deep. Its unbiased, factbased, indepth journalism. You give them the facts, dispense with the fluff and get straight to the point. Im on the ground every day finding stories that matter to you. In new orleans. Seattle bureau. Washington. Detroit. Chicago. Nashville. Los angeles. San francisco. Al Jazeera America, take a new look at news. The stream is uniquely interactive television. In fact, we depend on you, your ideas, your concerns. All these folks are making a whole lot of money. You are one of the voices of this show. I think youve offended everyone with that kathy. Hold on, theres some room to offend people, im here. We have a right to know whats in our food and monsanto do not have the right to hide it from us. So join the conversation and make it your own. Watch the stream. And join the conversation online ajamstream. If you dont have health insurance, you have until march the 31 thest to sign up for obama care to avoid paying a penalty. With that in mind, Insurance Companies are spevendzing tennessee of millions of dollare of millions of dollars to atract new customers, our resident healthcare expert checked out some of the ads and has this report on the billions of dollars in premiums they may help generate. I have been riding since i was 17, flat out my whole light. Motorcycle riding free spirits like this guy need health insurance, too. Thats the message coming from insurers who are ratcheting up the ad wars with commercials aimed at people who may not have been covered in the past. They offer protection and it may be a little peace of mind. To go forward, sometimes, you have to go back do a time when knew. With 30 million potential customers under the health law, Insurance Companies are expected to shell out half a billion alone. Insurance companies see opportunity in the potentially millions of new customers, and if you are an Insurance Company in this country, this is your growth opportunity. I know surers, state exchanges and the feds purchased advertisement with local pro broadcasters compared to the 216 million spent in all of last year creating a new revenue boon for broadcasters. We are seeing volumes right now in the tune of 5 million can a day wellpointe alone expects to spend 100 million until advertising next year. What kind of payoff do these Insurance Companies project . Our projects show over the next decade, the 51state exchanges will generate about 210,000,000,000 in premium revenue from approximately 25 million customers and the vast revenue. 210 billion in annual revenue. But to reach those new customers, insurers will have toshift their focus from Group Markets and attract a relatively new. Client, the self insured. The Creative Strategies are all revolving around the individual. They want to directly talk to why they serve them better than their commission. When was the last time you felt free. Eng surers like Blue Cross Blue Shield are turning to Marketing Experts like revlons cynthia roth to make products attractive. A recent survey found 66 of insurers are selling on the individual exchanges next year. That number jumps to nearly 70 in 2015. While its not clear how many states insurers will participate in, that hasnt stopped the coming flood of commercials. York. Of the 7 Million People projected to enroll, Officials Say they are hoping 2. 7 million of them will be young and healthy. Without them, premiums for the selfin insured could soar. If you have an idea for a new product but dont know how to fund, market or turn your idea into a business, there is a help. Its called quirky. It wedges ideas and lets Internet Users pick the best ones and develops and markets three every week. The company has become known for speed and success rates so much so it has caught the attention of General Electric partnering with quirky. Its better news for inventors who get quirkys help. Patricia tompka has more reporter this means not open the door. I am probably going to open it up. It smells like bleep . 27yearold ben kaufman is used to charging into the unknown. He is the founder and ceo of quirky, a 4yearold Company Company that successfully launched over 400 products through the notion, let people come up with inventions and vote on the best idea for retail. As the trendy merges, we are able to quickly commercial eyes a product and capitalize on it and do it with a Global Community that can help. They bring three products a week to market and are constantly fielding the developing ideas from the public. This is the model shop. This is where we are making all sorts of prototypes of the products. Their speedy style and spanks success in retail has caught the electric . They like the fact that we are fast. Ge is a pretty quick company. But they are as quick as they can be with 300,000 employees. Ge has invested 30 million in quirky and, together, the two companies hope to forge a new market in what they call smart homes household devices. They have launched four new products together sglring. This is a smart eg tray that items you how many. If you are at the market and you wonder, pull up your phone and check how many eggs. Ge says they hope to build a 25 billion connected Devices Market with quirky in the next 5 years. They are banking on quirk topic help expand their brand and their audience. Welcome to quirky product evaluation. [applause. ] quirky has the audience, community. We are here every thursday night doing what we do best, which is making invention accessible. On thursdays, quirky stages evals, a product evaluation meeting with a game show flare, broadcast live. The ideas are debated. The grilled steak in under seconds. And put to a vote on whether them. Be a quirky inventor. Congratulations. Explore your idea. The inventor gets 4 of the Product Sales plus their name and photo on the box. Kaufman says it builds a natural audience of potential consumers. When we page a product, we know we are going to sell a certain amount of them and that predictability is something that consum Consumer Product companies dont usual have. Quirkys revenue has almost tripled every year since 2009 every year. They estimate they will bring in 50 million this year. Quirky has raise add total of 170 million from investors including ge. Next on their agenda . Peop peoples appliances to their smart phones. We are excited about it. We are making a big investment in it. We think people are going to live an appy life very soon. Get that . Appy, happy . Terrible . No. Cut it. Just cut it. Cut it out. Patricia sabga. Al jazeera. Another impressive move, ge has given quirky access to hundreds of patents in hopes that the quirky community will use the technology to create more Consumer Products. Quirky hopes this is the First Step Towards a growing database of patents from organizations around the world. Next up, he directed spooky thrillers like the six sense, years analyzing the Public School system . What he has to say about it now may be his biggest shock yet. You can see the United States has education apartheid. Thats the facts. That and more as real money continues. Every sunday night join us for exclusive, revealing and surprising talks with the most interesting people of our time. Tonight. We try to be funny in serious stories which is very, very rare. He made radio cool with his sense of humor, insight and curiosity. He opened a new window into american life. Before they know it were actually able to present something new that they havent heard about. Talk to al jazeera with ira glass. vo al Jazeera America shamalon is known for plot twists in movies like the sixth sense and the happening. He started a project you would never expect, an extensive study of americas education system. He analyzed inner city Public Schools with a team of experts trying to figure out what works and why. In september, he published years worth of data in the book, i got schooled, the unlikely story of how a movie maker learned how to close americas education gap. How he began this journey and why. His passion is clear and almost contagious. Listen. As you know, its very con tentious arena to even get into, this education, and what we are talking about is the gap in education between lower income, inner city kids who are almost always africans american and hispanic versus their white suburban counter parts and why there is such a huge gap in learning. When i used to talk to people about it, everyone gets so heated. They all have opinions. Me. I let it go. And said, well, maybe this isnt the field to ask questions about, you know. And i went back to my selfish ways of making a movie. We went on a location. In philly . Right. You and i share a city. Right. We are philly boys. Philly boys. I went to the happening. We were looking for a high school, a Mark Walhberg movie. We went to masterman. Its beautiful. The kids are in the hallways and back packs and they notice i am there and my crew is with me. They run out of the classrooms and say you are making a movie. You are making a movie. Can i die . They are cute and sweet and the teachers are coming out and they are such great relationships with students. We get toured around the school. Of course, the classrooms are full of light and everything you would imagine and sayings and this, and, you know, the facilities are wonderful and it just is, there is hope there everywhere. And we are like, this is a Beautiful School and we get in the van and whats the next school . We go four more minutes. Just 4 minutes of driveing in philly. We get out and go thouo this ot school and it was like a prison. It was incredibly dark. We go in there. There is a guard, and you have to, you know, take all of your stuff. There is a metal detector. He never looks at you. You have to get to the metal detector. The halls are dimly lit, kids are moving slowly. One kid stops like right in front of me. He had his head down and he kind of recognized me. And then he decided, thats not possible. And then he just you couldnt be here . Yeah, i couldnt be here. I want to talk about Public Education and fixing it. Why do you care . You know, i believe, ultimately, what we are talking about here is racism. So at the core of everything, what we are talking about, what you find when you look at the data and everything, its racism. Its the fact that this country was built on slavery. You are taking on the fight about how we change things in these schools so that everybody is on a level Playing Field and the gap between the iner cities schools which you idea as mostly black and hispanic versus suburban mostly white schools, the achievement began is there you know how everyone says america is behind in education compared to the countries, technically, we are behind policied policy a little ahead of lick lichtenstein. Thats not the truth. The truth is actually bizarrely black and white literally which is if you pulled out the iner city schools, just pull out the inner city lowincome schools, just pull that group out of the United States, put them aside and took every other Public School in the United States, we lead the world in Public School education by a lot. And whats interesting is we always think about finland . Finland obviously is mainly white kids. Right . At the teach white kids well. We teach our white kids even better. We beat everyone. Our white kids are getting taught the best Public School education and on the planet. Those are the facts which means if you take the suburban, welloff white kids out of the picture and you now then just take my gosh. Inner city . Yes. Mostly minority schools . We are probably at the very bottom, i would imagine, because we are not you can see the apartheid. Thats the facts. The Research Focused on school. He found out what was right by identifying dozens schools closing the achievement gap. There are five distinction practices he believes are effective. They are, in short, longer hours, smaller schools, datadriven instruction, strong administrative leaders and identifying and retaining the best teachers. Thats our show for today. I am David Shuster in for ali velshi. Thanks for joining us. This is Al Jazerra America live from new york city. I am Jonathan Betz with a look at todays top stories. At least 15 people were killed when a bomb exploded inside a train station in the southern russian city. Officials say a suicide bomber detonated explosives near the stations medal detectors. Pulling u. S. Troops out of afghanistan could make the country more vulnerable to the taliban. The taliban could reemerge three years after u. S. Troops withdraw next year. Lebanons former finance minter killed in a car bomb just two days ago was laid to rest to. The mohamd hariri casket
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