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More teens plan to delay college

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Mon, 23 Aug 2010|

About one in three teenagers say they're willing to delay going to college, up from last year. And Stuart Rubinstein at TD Ameritrade tells MarketWatch News Break it's the economy - and these teens are still looking for ways to make college work for them and their families. Plus, younger Americans ...

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Tags:

  1. Wall Street0:03
  2. Milwaukee Bucks5:49
  3. South America2:11
  4. physical activities2:30
  5. Tracy Johnke2:48, 5:03
  6. high school2:51, 5:27
  7. Ameritrade0:20, 2:58, 3:05
  8. Anheuser-Busch0:52
  9. New York Times1:23
  10. SABMiller0:55

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Automatically Generated Transcript (may not be 100% accurate)

This is MarketWatch news break money news from Wall Street to main street to your street I'm John --

And I -- and Kate's coming up a new survey finds teenagers willing to put off going to college.

We learn -- significant number of teens are actually willing to delay attending college student the expensive requires.

Someone from TD Ameritrade will join us to talk about their new survey about that another disturbing sign of the times. Also ahead no longer just for daredevil adventure travel is going mainstream. I'm Charlie turner and all have that story coming up an annual have heard daily news nugget nice stickers there and banks all that. After these headlines and I'm Steve.

in the MarketWatch radio network newsroom on Monday August the 23 the world's second largest brewer of beer is thinking about a deal that could make it rival Anheuser-Busch InBev as the biggest reports say SABMiller may spend eleven billion dollars. To by the air operations of foster's group the largest brewer in Australia. Not Miller already has the rights to -- foster's in the US and in India. You may be planning to enjoy that beer in front of 3-D TV market researcher I supplies is while 3-D TVs have just a small amount of TV sales right now. It expects that to grow. A quarter of consumers plan to buy a 3-D enabled set the next twelve months the New York Times says among men eighteen to 24. That rate is almost 40%. And the recession has taken a toll on restaurants so there are fewer of them around these days. The number of eateries in the US falling for the first time in a decade research firm NPD group says the number of restaurants slid by 5200. In the past year about 1%. With -- almost all the closings independently owned businesses I'm Steve Potisk and you're listening to MarketWatch news break.

For a growing number of travelers going on vacation is more likely to involve rolling up your sleeves rather than just lying in the sun. Adventure travel used to be considered a small niche market. But a new study indicates that vacations -- activities including mountaineering cycling or volunteering are becoming mainstream. Researchers at George Washington University questioned 850 travelers from north and South America and Europe. The study found that those who were adventure travelers were young averaging 36 years of age they were also affluent and spent 89 billion dollars last year excluding costs of airfare and equipment although overall tourism fell last year the researchers found that when people travel they're more likely to engage in physical activities it's often out of a wish to have an authentic experience or get involved in a culture. Adventure travel is providing a new revenue base for tour operators the George Washington study estimated that 150 million adventure trips would be taken next year.

I'm Tracy Johnke it's back to school time that some high school kids who might have been thinking about college. Are having second thoughts according to a new survey from TD Ameritrade. Joining us to talk about the results is Stuart Rubenstein he's the managing director of investment products at TD Ameritrade. What did you learn from -- talking to these kids.

Thanks for having me Tracy -- do we learn. Significant number of teens are actually willing to delay attending college student the expensive requires. Actually 36% of teens are willing to delay the bill because it helps save money two to attend.

And how does this compare to here's past.

I would do the same survey last year in the numbers are up last year was 31%. And I think that the economy has played a big role in this and it's really unfortunate that colleges is being delayed.

You guys did a survey recently earlier this year that has sent a large number of teens -- I think it's almost 80% considered college very important suspect that a third of teens are willing to. Then and not go to college to save their family Manning us and it's pretty significant.

It's very significant -- and then another -- we have a 78% of teens are willing to sit down with their parents and develop a plan. To -- share of the cost. So I think that's very admirable pins today really understand the high cost of college and they and they want to contribute.

How can these parents and kids avoid getting to this point.

Sure it can -- economies is a big factor and certainly the increasing cost of education become a factor. And that's why we recommend that families -- prepare for college you know early on. And one of the things to recommend is actually that teens and parents develop good saving habits you know from the beginning. Look at different college savings accounts 529 college savings plans even if they have to start small. It's better to start earlier than to start later and every time you get -- has put a little Valerie is. Into the college savings plan as well. And you won't miss the money is that you don't see you know each and every month but it's going into the account automatically. And at the end of the day you'll be very glad the money's there.

I think -- thank you Tracy. Durbin sign at TD Ameritrade and I Tracy Johnke and now the daily news nugget of news you can use the water cooler.

And last but not least the daily news not get a piece of information you can use at the water cooler at a cocktail party. At your local tavern or when you play bridge with the girls just like and tell us.

Britain's fifth my grandmother played bridge and I think that. Anyway if you're a former high school basketball star a star like John -- was there are some exciting news. About basketball she is under farmers much height micro G issue line will be released in November. After more than a year of speculation and anticipation about it.

And who's the big star who's wearing at this here is there's some player who's good friend Eric Jennings of the bucks. The Milwaukee Bucks yes. So are you sure about that I am positive. Not -- don't ever question ma'am my sports style and I know it is so fast. So allied. And an inch -- right half a I know it's basketball yes under armour I think is trying to make huge in roads here's who will keeper Ryan on this story. It says it's a big deal for them to come out with these sneakers and -- and get a big NBA player out there it to -- the sort of being able walking and running promotion I'd like a look at this is online and I don't I guess since I'm not a basketball -- them too much for me to -- but you know something those converse look nice on you right now thank you she where and whereas those guys canvas converse from 1978. Brighten up very nice. Nice high tops there thank you. She's and -- on John word on this has been MarketWatch news break and we're out of here.

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