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: 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 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.
Gen Z: “Choosing the soft life”
Gen Z says "Boomers had it easy" but simultaneously says they reject the work and burnout culture of their parents. A bit of a contradiction.
Social Security was designed as a mostly “pay-as-you-go” system
In the 1980s onward, Social Security was a "pay as you go" system, about 90% funded by then current workers, who also funded the "trust fund".
Business: 100 applications per job opening
Situation normal, actually.
An Analysis of X posts on Gen Z vs Social Security
The Gen Z vs Boomers Social Security posts on X make little sense. (1) Boomers should retire to make jobs available, (2) but that increases SS payouts, and (3) since…