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…
Mythical Growth of Hospital Administrators Chart
A widely disseminated chart purporting to highlight the growth in hospital administrators is bogus.
Public health fear: “1000s exposed to measles at airport”
Good thing that an estimated 92% of the U.S. population has either already had measles or is vaccinated against measles. Infection rates elsewhere are many times higher.
Climate: Experts say we need to ban meat and dairy
Another study says we must ban meat and dairy products. 'Cuz grazing animals produce methane from their digestive system. Eliminating grazing animals might not make a difference...
Energy: Colorado to shut down 41% of natural gas use within 10 years
Colorado to cut natural gas emissions by 41% in 10 years, be 100% renewable energy in 15 years. Hmmmm....
Per capita food spending in the U.S.
Americans spend more money going out to eat and having food delivered to their homes.