There isn’t a smoking gun for the decline in employment and participation amongst 25-34 year olds. If we squint at the gross flows data (which aren’t broken out by age), we see a decline in people entering the labor force, and an increase in unemployed persons leaving the labor force.
The world is very big. The place you call home is only one small corner of it. There is wisdom on the other side of the hill, wisdom in the experiences that only the road can give you, wisdom in learning how other people live and why they live that way.
Burnout and collective exhaustion is a personal finance and economic issue. When work erodes our ability to sleep, plan, focus, cook, socialize or regulate ourselves, we spend money replacing those capacities — and an enormous industry has emerged to sell them back to us.
No matter what you’re doing, from building a civilization on Mars to getting a summer internship, you will have to ask people for help. Yet, most people get this crucial skill wrong.
We like to tell ourselves that we’re innocent victims of our circumstances, and we sometimes are. But often there’s a greasy emotional satisfaction in our own misery. Not all misery, obviously. We’re not out here enjoying surprise medical bills. But some forms of suffering come with emotional kickbacks.
From social security to long term care plans and more. Here are seven common misconceptions about retirement planning.
If you invest in some combination of stocks, gold and fixed income or other asset classes you have the ability to redeploy if prices fall by simply rebalancing. Guess how many times stocks, gold and short duration bonds have declined in the same year?
Most people watch the pump to get a sense of where the price of oil might be. After all, that’s what we see on the news: images of gas stations paired with the same conversation over and over. I understand why you’d think this is the only place the price of oil will cost you, but it’s truly a distraction from the bigger picture playing out all around us.
Retirees don’t need to fear a lost market, they need a plan. Here are the steps you can take to mitigate the risk of an extended market downturn.
The fear of status regression keeps you up at night: making less money than your parents, or doing worse than your 0.01% peers, would make you a pariah. Or at least you tell yourself that. No one has more to lose than the kid born into status. And that pressure to keep up with other high-status peers is debilitating.
