Generations: Younger generation wealth exceeds past generations
When comparing cross generation wealth at the same ages, something unexpected shows up .... contrary to the media memes.
Demographics, Economics, Business, Data analysis, Tech, Factfulness
When comparing cross generation wealth at the same ages, something unexpected shows up .... contrary to the media memes.
There is quite a media meme that Gen is struggling and has it awful, the worst in history. But that meme is not accurate.
Expert promotes false comparison between old homes and today, ignoring vast differences in size, features and construction quality.
Top 1% wealth vs US poverty rate. The poverty rate has gone down sharply as top 1% wealth increased.
This widely circulated chart is meaningless and worthless.
Poor people, apparently. Crazy.
Today we live lives that not long ago were considered luxury available only to the ultra wealthy.
Up through the 1970s, up to 1 in 5 jobs were secretarial/clerical jobs. Most of those have vanished due to automation (think PCs) and work place changes.
But this is actually good news
History of women's participating in the labor market.
The NY Times writes a sob story about couples who can't afford to have a child. It's actually a story about lifestyle inflation.
97-98% of households with kids in the U.S. have an annual income of less than $400,000 per year, kind of disproving this study.
The NAR press release on home buyer attributes has some issues ...
"1 million of those age 65+ are living with unrelated roommates" or about 1.6% of those age 65+.
We spend a lot less of our income on food prepared at home. And while down over time, its trending upward - because more is now spent eating out.