Archive for June 8th, 2012

The death of the “Gentleman’s C”?

June 8, 2012

According to Prof. Mark Perry

Last year, Professor Rojstaczer and co-author Christopher Healy published a research article in the Teachers College Record titled “Where A Is Ordinary: The Evolution of American College and University Grading, 1940–2009.”

The main conclusion of the paper  is illustrated by the chart below showing the rising share of A letter grades over time at American colleges, from 15% in 1940 to 43% by 2008.

Starting in about 1998, the letter grade A became the most common college grade.

Ken’s Take: Note the Bs, Ds and Fs have stayed relatively constant, but Cs have declined … mirroring the increase in As,

Back when I was in college, a grade of C was referred to as a “Gentleman’s C” …. not too good, not too bad … not a source of pride, nor a disgrace … just right for a gentleman who didn’t want to work too hard.

Think George Bush … and John Kerry.

Now, I guess even gentlemen are getting As.

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Debit Social Security, credit healthcare costs …

June 8, 2012

According to Fidelity, a 65-year-old couple retiring this year on a $75,000 annual household income, will be getting  about $29,970 in annual Social Security payments.

With an average life expectancy of about 80 years, that grosses up to about $450,000 in lifetime Social Security benefits.

Not bad,

Except …

Many retirees rely on Social Security benefits as their primary source of income, and …

Fidelity estimates that a 65-year-old couple retiring this year is will need $240,000 to cover medical expenses throughout retirement.

So, for most retiring couples, the majority of Social Security payments could go toward health care costs.

Bottom line: Start saving …

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