Economy: Credit Card Debt (total) over time
Total credit card debt grows because (1) the population is increasing, (2) inflation, and (3) much encouragement for people to satisfy “wants” right now by short term borrowing, and (4)…
Lifestyle Creep: They make $500k/year and are struggling
They've chosen a lifestyle that costs $500k/year and are struggling.... hmmm
Government: Transfer of funds between states and the Federal government
Pundits often point to states that send money to the Federal government versus those that receive money from the Federal government. But the data does not mean what they think…
Media: How surveys amplify doomerism
Media amplifies bad news and doomerism; surveys and polls regurgitate and amplify bad news, which is often exaggerated.
Demographics
Doomerism
Economy
Gen Z/Generational issues
Nation of Idiots
Personal finance
Social media
Never trust experts
The Baby Boom generation had an average of 1.9 to 2.1 children per family, not 3.2 as this CEO and economic advisor claims.
Economy: Baby boomers already selling their homes
Boomers are already selling their homes.
Misleading media: “Almost half of recent college grads underemployed”
Unemployment among recent college graduates is actually at a lower rate than the long term average.