Economy: “18% of California homes change hands via inheritance”
And this is likely explained by the large baby boom cohort now hitting age 80 and passing away, in a state with Prop 13 property tax benefits.
Personal finance: Pilot pay – why you may want a licensed job
Experienced airline pilots earn $400k to $500k/year, thanks to licensing, unionization and anti-competition laws passed by Congress.
Economy, Demographics: Are young men under 30 doing worse today than 3-4 decades ago?
Per economist Marian Tupy, young mean are likely doing much better today.
Government: State spending, per capita (2024)
State spending per capita (2024). Some states spend (and presumably tax) much more than other states.
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.
Demographics: Chart illustrating the dramatic change in teens working part time
Nice Federal Reserve chart showing teen labor force participation rate (age 16-19) from the past to the present.
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.
Business: Globalization and free trade is dead
Protectionism is now hip. Free trade is so 20th century.
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.