Finance: 1 in 4 Americans have debts from last year’s holiday shopping
1 in 4 Americans are paying off debt from last year's holiday spending; 1 in 5 have applied for another credit card so they can spend more this year.
Demographics: Gen Z isn’t saving for emergencies?
Gen Z hasn't saved much for an emergency fund because the youngest members are 11 years old. Reporter didn't notice that?
Energy: NY to get 40% of electricity from renewables by 2030
NY thinks it will source 40% of its power from renewables by 2030. Magical thinking?
Economy: Most who build wealth do so gradually, over time
For example, only 1% of families under 35 are millionaires, but that rises with age. By ages 55-64, 21% of families are millionaires. This trend is particularly pronounced among college…
Economy: How to build personal wealth
Wealth is created by saving and investing: Wealth = Assets - Debts. Some confuse that and think it's W=A+D
Follow up: Vanguard’s predictions for 2023
Here is their forecast for 2023: With that track record, they predict 2024: Vanguard heads say 2024 will be “below average” for stocks (cnbc.com)
Economy, Media: Time for the monthly “living paycheck to paycheck” stories
The media can’t even come up with a new angle. They run this story monthly. 62% of Americans live paycheck to paycheck amid inflation (cnbc.com) And it’s always around 60+%…
Policy: Academics call for a global wealth tax
It would start with billionaires, and then, they say, expand downwards from there to tax “other rich people”: Billionaires Are Next Up in Crosshairs of Global Tax Architects (msn.com) After…
Economy: Rent price controls might be a root cause of high housing costs
Rent price controls might be a significant factor in today's housing shortages.