Pensions versus self-funded retirement
In the 1980s, 70% of retirees had a pension. Today it is less than 20%. In the '70s, Congress created IRA and 401(k) accounts to encourage self funded retirement savings.
Opinion: Practicing Factfulness based on data.
In the 1980s, 70% of retirees had a pension. Today it is less than 20%. In the '70s, Congress created IRA and 401(k) accounts to encourage self funded retirement savings.
The news has buried the change in Federal employment over time. Clinton significantly reduced head count, Bush and Biden significantly increased headcount.
We went from 1.16 vehicles per household in 1970 to 1.88 in 2025. The % with 1 vehicle went down, and the % with 2 or more went up.
Americans spend more money going out to eat and having food delivered to their homes.
Surprisingly, most people age 65+ are already living in smaller homes.
Many media and social media pundits think the "baby boom" past was idyllic. Here's a reality-based comparison of then versus today.
Lindsay Owens, Ph.D. has been an economic policy advisor to Sen. Warren. Yet she does not understand the most basic of microeconomics. Truly embarrassing.
Amazing how markets work. But leaving it to the media - this is now bad news!
Inflation is bad but it's been worse, much worse.
Much social media angst over a 4.4% unemployment rate. But consider the history of unemployment ...