Economy: The end of free trade
Globalization went wild from the 1980s to 2020s. Now we've gone full protectionism. Older workers pay the costs of this flip, at both ends.
Opinion: Practicing Factfulness based on data.
A comparison of life in the 60s, 70 and 80s with that of Gen Z, in the 2020s. Inspired by a proliferation of posts on X that engaged in Generation bashing.
Globalization went wild from the 1980s to 2020s. Now we've gone full protectionism. Older workers pay the costs of this flip, at both ends.
A popular social media meme is that the home price to income ratio has exploded. But it has an incredibly obvious error ... take a look.
26-40% of education loan borrowers admit spending their loan money on non-education activities, experiences, travel and luxury goods.
Wealth is created by earning, saving and investing. Not by spending money on "stuff" that mostly gets stored and seldom used. Also simplifies your life.
And this is likely explained by the large baby boom cohort now hitting age 80 and passing away, in a state with Prop 13 property tax benefits.
Per economist Marian Tupy, young men are doing much better today.
Media and social media posts compare home ownership percentages of young cohorts in the 1980s and today and conclude it's due to price. May be not.
Social media says the demographic cliff isn't a big deal, people can just have more kids over 40. Probably not.
Nice Federal Reserve chart showing teen labor force participation rate (age 16-19) from the past to the present.
because the sample sizes are too small. Gen Z is age 13-28 and few are to the age of being home buyers. However, we can do some inference...