Doomerism: Life is pretty good, contrary to the doomers
Life for most people is WAY better than just decades ago - but doomerism media and social media pundits have convinced people that everything is awful.
Generation: Gen Z giving up on home ownership, spends instead of saves, works less
Knowing some history might lead to better decision making.
Media, Economy: 6-7% of retirees “unretired”
About the same percent it has been for decades, says the US BLS. But leave it to media doomerism to spin this...
Economy: Gen Z, Millennials Spend up to $1000s per year on restaurant meal delivery
1 in 3 adults said they ordered take out restaurant food, delivered, at least once per week. No wonder they complain of a lack of money.
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: 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.