Weekly 5: Report: Young households have less debt

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Christopher Gerber (CGerber@BoatingIndustry.com)
March 12, 2013
Filed under Weekly 5

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com.

1. Report: Young households have less debt

A study from the Pew Research Center shows another reason the industry should be focusing on younger buyers: they have reduced their debt at a much quicker pace than those over 35. Some of that is due to shedding (or defaulting) on mortgages and car loans, so financing may continue to be a challenge. Still, their income-to-debt ratio is improving at a much better rate than older Americans.

2. Recession odds ‘close to zero’

Despite sluggish GDP numbers for the fourth quarter, the odds are very low that we’re heading into another recession, according to analysis by the St. Louis Fed.

3. Zappos founder: ‘I fire those who don’t fit our company culture.’

Tony Hsieh, the founder of Zappos, the online shoe seller famous for its customer service explains why the company puts company culture above everything else in this short video.

4. 9 things a small business owner should never forget

The average new business doesn’t last five years. A big reason is that many owners don’t pay attention to some basic entrepreneurial principles. Here are nine of them.

5. 16 ways businesses are using Twitter Vine

What can you do with a six-second video? That’s the idea behind Twitter’s new video service. Just like the 140-character Tweet, it takes a little creativity to make it work.

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