It’s Good To Be The King … And His Minions … Federal Employees Much Better Off Than Private Workers

U.S. Federal Employment Related To Higher Financial Well-Being

 

 

 

 

” U.S. federal government workers are thriving in their financial well-being more than the rest of the workforce. On average, 44% of federal government employees are thriving financially, compared with 34% of all other workers in the U.S.

  These findings are based on more than 80,000 interviews conducted with U.S. adults, aged 18 and older, who were employed full time from Feb. 16, 2014-Feb. 15, 2015 as part of the Gallup-Healthways Well-Being Index. For each of the five elements of well-being, Gallup classifies respondents as “thriving” (well-being that is strong and consistent), “struggling” (well-being that is moderate or inconsistent), or “suffering” (well-being that is low and inconsistent).

  Federal pay has been a topic of debate for years, with differing accounts of whether federal employees are paid more, no more or less than non-federal employees. However, financial well-being is not a direct report of salary, benefits or overall compensation. It is a composite of responses to the perceptions of standards of living, affordability of basic necessities and financial woes based on region of country, family size, cost of living, debt and various other factors that go into subjective assessments of financial situations.

  Given this description, it is possible for a person to have a higher salary but experience lower financial well-being. But for those who experience higher levels of financial well-being, they feel as if they can spend time and energy addressing other facets of well-being in their day-to-day lives, including their purpose, social, community and physical well-being. These data show that federal employment is likely associated with higher levels of economic stability and reductions in the stress of providing for a comfortable lifestyle because federal workers report higher financial well-being.”

 

 

    Lest anyone think otherwise , the tables have turned and it is you and I that are working for them . Gallup has the details .

 

 

 

 

 

 

 

 

 

 

 

 

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Our Problem in a Nutshell … Administrators … Too Many Saying , Not Enough Doing

From Powerline :

 “Today, a good private college costs between $40 and $50K a year; many state universities will run you over $20K a year.  Total cost for four year now: $150K or more.  That’s not even close to a starting professional salary, except for the handful of top students who go to Wall Street.  I’ve run this shift by some college administrators and get the same answer: “Well, very few people actually pay those full tuition rates.  Most students get some amount of financial aid, so the real cost is much lower.”  To which I respond: “Determining what college is going to cost you ought not to be like haggling with a used car dealer.”  (Memo to parents by the way: if you have a child admitted to several colleges, you should treat the financial aid offices exactly like used car dealers, and beat the hell out of them for the best deal.  Apologies here to used car dealers; you are actually more scrupulous than college financial aid departments.”