Policy: Does the US government spend 6x more on those 65+ than on ages 0-17?
True, by leaving out all the local and state spending. In the real world, spending is almost equal.
Opinion: Practicing Factfulness based on data.
True, by leaving out all the local and state spending. In the real world, spending is almost equal.
A staple meme of business reporting are stories about entrepreneurs who risked it all and achieved success. The reality is most business startups fail.
In the 1990s and early 2000s, "microloans" and "microcredit" were the rage in spurring economic growth. But they did not work and left people in poverty.
26-40% of education loan borrowers admit spending their loan money on non-education activities, experiences, travel and luxury goods.
Is use of Buy Now, Pay Later a sign of stretched budgets? No. Almost all purchases are discretionary in nature, not necessities.
Bill Gates has donated over $200 billion to charitable causes, WHO, foundations, research, drug discovery, education and more.
X posts say the true poverty level is $140k/year and that earning less than $200k/ year is not living comfortably....
This 2019 journalism'ish says Abercrombie was targeting Gen Z consumers with buy now, pay later ... who averaged 14 years old in 2019.
In 2025, per Fortune, 40% of those earning $500,000 or more per year are living paycheck-to-paycheck which points to a spending problem as we have supersized or upscaled our lifestyles.