Many Gen Zers and millennials today are forced to rent (or live with their parents) because of the sheer cost of buying a house—and the lucky few who did get on the housing ladder are now stuck in their starter home sweet home. Baby’s first home has some staying power, not unlike Fisher Prices’ other…
Every time Dale Sperling’s mother pops by for her weekly visit, she brings with her a possession she wants to pass on. To Sperling, the drop-offs make it feel as if her mom is “dumping her house into my house.” The most recent offload attempt was a collection of silver platters, which Sperling declined. “Who…
Donald Trump and Elon Musk are making unproven claims about millions of dead people still receiving Social Security payments, using these allegations as a reason to cut what they call “waste” and “fraud” from some of the nation’s biggest programs—Social Security, Medicare, and Medicaid. Their goal is to free up money to fund massive tax…
Steve Bannon, former architect of the MAGA movement turned podcaster, warned that Republicans making cuts to Medicaid would affect members of Donald Trump’s fan club. On the Thursday episode of War Room, while gushing over massive government spending cuts, Bannon warned that cutting Medicaid specifically would prove unpopular among the working-class members of Trump’s base,…
The American Dream now carries a staggering $4.4 million price tag, marking an increase of over $1 million in just one year. For many, this number is more than they’d hope to earn in a lifetime. One of the biggest contributors to this soaring cost? Homeownership, which now makes up nearly 20% of the total…
J.D. Vance, the 40-year-old Vice President of the United States, has consistently expressed concern over declining birth rates in the country. He attributes this trend to economic challenges, particularly those faced by Millennials, and has called for policies to encourage higher fertility rates. Vance’s Advocacy for Increased Birth Rates Throughout his political career, Vance has…
The classic “American Dream” — marriage, two kids, homes, healthcare, cars and education — is now an estimated $3,455,305 over the course of a lifetime, according to a new study from Investopedia. The key element of the study is that anyone can rise from “rags to riches,” enjoying upward mobility and becoming financially successful, according to Corporate Finance…
Few milestones in life mean as much to the American dream as owning a home. And millennials have encountered the kind of trouble totally befitting their generation, which largely graduated into the teeth of the disastrous post-2008 job market. Just as they entered peak homebuying and household formation age, housing affordability is at 40-year lows, and mortgage rates are near…
Plenty of people would stop worrying about money if they had a net worth of $2.3 million. That number dwarfs the median household net worth of $166,900, according to Census Bureau data, and it lands the earners comfortably in the 90th percentile of U.S. households. Nevertheless, a couple of very-well-off 37-year-olds recently wrote to money expert and self-made millionaire, Ramit Sethi,…
Almost a quarter of millennials and Gen Z adults without children say they plan to stay that way. The reason? Money. About 23% of these adults, ranging from 18- to 43-years-old, said their financial motivation to remain childless boils down to two issues: valuing the financial freedom that comes from not having kids, as well…