A note: Gen Z versus the Baby Boom
In the past several weeks, some social media has seen a flood of generation hate posting. This looks like a coordinated propaganda campaign - from some politicians.
Economy: Unemployment age 20-24, 25-34
Much doomerism about unemployment among young workers-but it is at normal historical levels. But data lags real time.
Economy: 1 in 6 Oregon residents rely on SNAP
Benefits vary greatly by family situation and state.
Economy: The real reason people are falling behind on payments and debt? Living for the present?
Post Covid there has been increase in "living for the present" as people realized they might be postponing experiences for a future that does not come.
Economy: Vox says Gen Z isn’t having the worst possible time in history
Social media says Gen Z is screwed and they are going through the worst time in history. Vox, though, says this is not true.
No: Is the housing shortage due to “Boomers” not downsizing?
"Boomers" age 65+ are already living in smaller homes, per data, and this is largely unchanged in 25 years.
Surprising reason used cars became expensive
The Obama era "Cash for Clunkers" program removed almost 700,000 used vehicles from the marketplace leading to higher prices for used cars.
Home ownership by age group
Home ownership by age group has remained remarkably constant over decades, contrary to some recent media memes.
Demographics: Population collapse coming to America?
The U.S. population may shrink, slightly in 2025, the first time that has ever happened.
Economy: Credit card 90+ day delinquencies
This does not look good - suggests recession is near.