A Pew Research Center survey finds that young adults have it harder today financially than their parents’ generation did. The shares of Americans who say it’s harder for young adults now to achieve several financial milestones have gone up since 2021. The biggest jump is in the share saying it's harder to find a job.
A typical newly-retired, dual-income couple could lose nearly $17,000 annually in Social Security benefits starting in 2033 if Congress does not take action to prevent the program from becoming insolvent. The Social Security retirement program could be forced to reduce benefits by roughly 22% by late 2032. The longer the program goes without a solution, the worse the cuts will get.
Before 2010, an American could expect to live longer than anyone born before them. Life expectancy at birth rose from 39 to 74 years old between 1880 and 1980. Between 1980 and 2010, Americans gained nearly two extra years of life with each passing decade. After 2010, life expectancy for Americans flatlined after 2010, then fell. Obesity and diabetes are the main reasons for this. Opiates are a big factor too.
52% of young adults aged 18 to 29 lived with at least one parent by July 2020, according to Pew Research Center analysis of census data. Samantha Stobo, 29, moved in with her mother in Miami for 3 years and she loves it. Boomer retirees are downsizing their homes instead of downsizing.
A newly retired couple could lose nearly $17,000 in annual Social Security benefits beginning in 2033 if Congress does not take action to resolve the program's funding crisis. Social Security’s retirement trust fund is projected to become insolvent in 2032. The law requires benefits to be cut by an estimated 22 percent to ensure program's costs do not exceed its revenues.
This month, Europe is under heatwave alert. Italy has issued maximum level alerts in several cities. France and the UK have recorded temperatures above 44°C. Thousands of deaths have already been associated with the current heatwave, mainly affecting the elderly. The Canadian population is now “hyper-aging” and 20% of Canadians are over 65 years old.
New study shows that economic growth has been greater in the Republican Red states. Republicans tend to have greater faith in markets to allocate resources and distribute income and wealth. They are less inclined to tax the public heavily to fund massive social services, which research shows weaken work effort and business investment. One of the biggest sources of income growth in the Red states has come from the in-migration of highly productive people fleeing high-tax Blue States.
Rising home prices and stubbornly high mortgage rates are pushing the dream of homeownership out of many Americans’ reach. Home insurance premiums are expected to rise for the fifth consecutive year. In tornado-swept states such as Nebraska and Oklahoma, home insurance takes up nearly a fifth of monthly housing costs, accounting for a bigger share than mortgage payments and property taxes.
The Democrats have made affordability and the economy their defining midterm messaging, playing off inflation and prices for groceries. Democrats are trying to win over voters by talking about real-life scenarios and framing other platform issues in economic terms. They see an opening created by voters’ focus on the economy and their ability to leverage affordability as the key midterms issue. Trump has dismissed the issue, calling affordability a “hoax” by Democrats.
A Pew Research Center survey finds that young adults have it harder today financially than their parents’ generation did. The shares of Americans who say it’s harder for young adults now to achieve several financial milestones have gone up since 2021. The biggest jump is in the share saying it's harder to find a job.
A typical newly-retired, dual-income couple could lose nearly $17,000 annually in Social Security benefits starting in 2033 if Congress does not take action to prevent the program from becoming insolvent. The Social Security retirement program could be forced to reduce benefits by roughly 22% by late 2032. The longer the program goes without a solution, the worse the cuts will get.
Before 2010, an American could expect to live longer than anyone born before them. Life expectancy at birth rose from 39 to 74 years old between 1880 and 1980. Between 1980 and 2010, Americans gained nearly two extra years of life with each passing decade. After 2010, life expectancy for Americans flatlined after 2010, then fell. Obesity and diabetes are the main reasons for this. Opiates are a big factor too.
52% of young adults aged 18 to 29 lived with at least one parent by July 2020, according to Pew Research Center analysis of census data. Samantha Stobo, 29, moved in with her mother in Miami for 3 years and she loves it. Boomer retirees are downsizing their homes instead of downsizing.
A newly retired couple could lose nearly $17,000 in annual Social Security benefits beginning in 2033 if Congress does not take action to resolve the program's funding crisis. Social Security’s retirement trust fund is projected to become insolvent in 2032. The law requires benefits to be cut by an estimated 22 percent to ensure program's costs do not exceed its revenues.
This month, Europe is under heatwave alert. Italy has issued maximum level alerts in several cities. France and the UK have recorded temperatures above 44°C. Thousands of deaths have already been associated with the current heatwave, mainly affecting the elderly. The Canadian population is now “hyper-aging” and 20% of Canadians are over 65 years old.
New study shows that economic growth has been greater in the Republican Red states. Republicans tend to have greater faith in markets to allocate resources and distribute income and wealth. They are less inclined to tax the public heavily to fund massive social services, which research shows weaken work effort and business investment. One of the biggest sources of income growth in the Red states has come from the in-migration of highly productive people fleeing high-tax Blue States.
Rising home prices and stubbornly high mortgage rates are pushing the dream of homeownership out of many Americans’ reach. Home insurance premiums are expected to rise for the fifth consecutive year. In tornado-swept states such as Nebraska and Oklahoma, home insurance takes up nearly a fifth of monthly housing costs, accounting for a bigger share than mortgage payments and property taxes.
The Democrats have made affordability and the economy their defining midterm messaging, playing off inflation and prices for groceries. Democrats are trying to win over voters by talking about real-life scenarios and framing other platform issues in economic terms. They see an opening created by voters’ focus on the economy and their ability to leverage affordability as the key midterms issue. Trump has dismissed the issue, calling affordability a “hoax” by Democrats.