Economy: The middle class is shrinking
But this is actually good news
Demographics, Economy: Trends in women’s participation in the workforce
History of women's participating in the labor market.
Demographics
Doomerism
Economy
Finance
Gen Z/Generational issues
Media
Nation of Idiots
Personal finance
Stupidity
Economy: Mega lifestyle inflation
The NY Times writes a sob story about couples who can't afford to have a child. It's actually a story about lifestyle inflation.
Demographics: “It takes $400k/year to have 2 kids in childcare”
97-98% of households with kids in the U.S. have an annual income of less than $400,000 per year, kind of disproving this study.
Demographics: “More elderly are sharing housing with others due to costs”
"1 million of those age 65+ are living with unrelated roommates" or about 1.6% of those age 65+.
Demographics
Doomerism
Economy
Gen Z/Generational issues
Nation of Idiots
Personal finance
Policy/Government
Demographics: We must confiscate elder’s savings and kill them off
So says an actual Yale professor, Samuel Moyn
Policy: Does the US government spend 6x more on those 65+ than on ages 0-17?
True, by leaving out all the local and state spending. In the real world, spending is almost equal.
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.
Expert predictions of the future worse than random guesses
Tests have been run in the past that found expert predictions of the future - even in the not distant future - are highly inaccurate.