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It may become less expensive to live in the U.S.

You don't have to be a U.S. Department of Labor statistician to know the trend in the United States regarding wages and salaries: they're heading lower, in many job categories.

And the reasons are complex: globalization, automation, and lack of unionization have driven real wages and salaries for many job segments down to decade-long lows, and in some cases to levels not seen in more than a generation.

Continue reading It may become less expensive to live in the U.S.

And you thought college was expensive?

We've all read about how expensive college educations can be. Hopefully, you're stashing away your hard-earned bread to be able to send Timmy to Princeton. Don't worry if you can't -- endowments and scholarships are picking up the slack.

But, for those on the upwardly-mobile track and thinking of sending your kids to an elite high school, get ready for some sticker shock.

The NYTimes.com reports today about growing tuition rates and endowments at some of the nation's leading prep schools.

While schools such as Exeter charge almost $40,000 for tuition, room, and board according to the article, that's just a fraction of the average of $63,500 annually Exeter fronts to house and educate each of its 1,000 students.

So, what's an aspiring family without the requisite resources to do?

Continue reading And you thought college was expensive?

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Last updated: November 11, 2009: 09:16 PM

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