Personal Finance: Spending priorities lean to “looking hot”
No one has any money but they have plenty to spend on looking hot, $2k+/year just on cosmetics.
Demographics, Economics, Business, Data analysis, Tech, Factfulness
No one has any money but they have plenty to spend on looking hot, $2k+/year just on cosmetics.
No state suffered a blackout.
Bill Gates has donated over $200 billion to charitable causes, WHO, foundations, research, drug discovery, education and more.
Many lack understanding of money or personal finance. Wealth is created by earning, saving and investing - not by spending.
The US is now losing the EV market.
Gen Z has done 4x more travel than Boomers at similar ages.
While more Gen Z "live at home" vs Boomers, half of the increase is because about 3x more Gen Z go to college than did the Boomer generation.
Vehicles with electronic door latches have a problem in that they do not work at times after crashes or battery/electrical problems, trapping people inside.
As automation and improved systems were deployed, railroad crews went from about 12-16 per train in the 1950s, to just 1 or 2 crew members in 2025.
Another major university to offer free tuition as the demographic collapse takes hold.
I'm so old, I remember when we got sick, we generally had to stay home - now you need to be tested to confirm you are sick!
In the 1980s, 70% of retirees had a pension. Today it is less than 20%. In the '70s, Congress created IRA and 401(k) accounts to encourage self funded retirement savings.
In the 1960s and '70s, it was common to see kids healing with a broken arm or ankle. But this is not common today.