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.
Good news: Paul Ehrlich has died
He was wrong about everything yet set global policies for decades.
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.
Economy, Gen Z, Demographics: Home Price to Income Ratio
A popular social media meme is that the home price to income ratio has exploded. But it has an incredibly obvious error ... take a look.
Doomerism: Many retired will “un-retire”?
Says retirees are going to "un-retire" because everything is awful But the % of un-reitirees has been steady for a long time.
Economy, Demographics: Are young men under 30 doing worse today than 3-4 decades ago?
Per economist Marian Tupy, young men are doing much better today.
Gen Z: Decline in home ownership due to a change in personal values?
Media and social media posts compare home ownership percentages of young cohorts in the 1980s and today and conclude it's due to price. May be not.
Economy: Median home prices over time since 1960
Median home price has appreciated by 43% over the past 10 years. Some insane X posts claim home prices went up by 10x! Hah hah.
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.