Economy: “50% of US households have less than $60k in assets”
This is true but it might not mean what you think it means.
How to lie: “Only 12% of 30-year-olds are married and own a home”
A pop social media doomerism meme is that only 12% of 30-year-olds are married and own a home. Read why it's a bullshit metric.
Economy: Today’s homes cannot be compared to 1950s-1970s homes
Another comparison of homes from 1970 to today. The differences are huge, making price comparisons useless.
Follow up: Christmas/Holiday retail sales
The predictions (gloomy) versus what actually happened (sales were up).
Economy: Americans pay 96% of Trump’s tariff costs
Trump goes full protectionism, seeks to have Americans pay higher prices for most everything, declares free trade over.
Economy: Percent of household income spent on food
The percent of income spent on food has plummeted over the past century.
Economy: “Home prices have quadrupled relative to income”
This finance influencer chart is bogus.
Economy: What % of households have 0, 1, 2 or 2+ income earners
55-70% of US households have zero or one wage earner, contrary to the memes about "two wage earners" can't afford to live in the U.S. today.
Economy: What caused the Great Depression?
Speculative investments in stocks and real estate, fragile banking system, Federal reserve policy mistakes that made things worse. And what about "late stage capitalism"?
Personal finance: Klarna and personal finance
Is use of Buy Now, Pay Later a sign of stretched budgets? No. Almost all purchases are discretionary in nature, not necessities.