Economy: Lots of stories that Gen Z has it awful
Except there’s this: Generation Z is unprecedentedly rich (economist.com) And this: Don’t feel too sorry for Gen Z — they’re outpacing boomers on income and millennials on home ownership (msn.com)…
Demographics: U.S. fertility rate falls to 1.62
U.S. fertility rate falls to 1.62. Population replacement level is 2.1. This has HUGE ramifications for our future.
Business: The reason home insurers are leaving California
About half of California home insurance companies have announced they would be ending coverage. The real reason appears to be state regulations, they say.
Personal finance: Median retirement age is 62
Half of workers are retired by age 62, including many who had thought they would be working longer.
Education: Most education debt held by grad degree holders
Who also make more money: This is why it is critical that taxpayers, who mostly hold high school and bachelor level diplomas, pay off the student loans of those with…
Education: “Expert” says don’t push “practical majors”
"Expert" says study what you want in college and don't worry about taking "practical majors". Makes sense for the wealthy elite, of course.
Education: The life and times of the elite students
Born in Honk Kong, studied at Yale, then Cambridge – a little elitist, are we? I studied at Yale and Cambridge University. The elite colleges offered me secret societies, maids,…
Automation: Wendy’s Restaurants are installing “FreshAI” automated order takers
Wendy's burger chain is replacing human order takers with a generative AI system named FreshAI.
Business: The Dunning-Kruger Effect May Not be Real
The Dunning-Krueger Effect said people overestimate their knowledge/ability. But this finding was a statistical blunder. The authors were the unskilled ones.