State of Economy at PSU Berks

The effects of the economy are trickling down to local classrooms. Professors from Penn State Berks deviated from the text book today to give a real world lesson in finance. WFMZ's Melissa Batulis is live in our Berks Studio with more on that discussion. Rob, they say the economy turns like a large ocean liner...very slowly. So, today's talk was serious and included advice for college students from freshmen to seniors, whose job opportunities of tomorrow could likely be affected by the economic crisis of today. >> PAFF: They're probably going to face a reality tight job market whether they're graduating this spring or in the future. >> REPORTER: That's why this panel of Penn State profs urged students to spend the rest of their college careers focusing on making themselves more marketable than ever. >> GASOSH: Once they graduate they have to compete with people that are losing jobs on a daily basis. >> PAFF: They need to be focusing on their grades and taking classes that will challenge them and really prepare them for a wide variety of careers. >> REPORTER: Business Economics Professor Doctor Lolita Paff says for the underclassmen, that could go as far as changing majors. >> PAFF: Students that were considering finance or financial services might want to reconsider. The might want to broaden their horizons so they can have a diverse background from which to be able to get the kind of jobs that are available at the time. >> REPORTER: Along with preparing for a economically embattled job market, these teachers say they're also including more real life lessons in personal finance. That means combatting a buy- now-pay-later mentality. >> GASOSH: The psyche has always been instant gratification. And I think perhaps through this crisis we might see a change in the attitude of younger generations for not to consume everything and wait fro the rainy days because it's going to rain sooner or later. >> Professors say because of the happenings in the financial world, they will continue to give students more information on real-world finance...including more lessons on saving, investing and even planning for retirement.

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