"Financial advisers in the United States manage over $30 trillion in investible assets, and plan the financial futures of roughly half of U.S. households. At the same time, trust in the financial sector remains near all-time lows. The 2018 Edelman Trust Barometer ranks financial services as the least trusted sector by consumers, finding that only 54 percent of consumers `trust the financial services sector to do what is right.'"
As we move toward the end of the academic year for many colleges and universities, it is perhaps useful for students to be reminded that the final grade for any given course is quite unlikely to have a long-lasting influence on your life.
When the US economy was a larger share of the world economy, then access to the US market meant more. For example, World Bank statistics say that the US economy was 40% of the entire world economy in 1960, but is now about 24%. The main source of growth in the world economy for the foreseeable future will be in emerging markets.
· Despite the fourth quarter shakeout in stocks, real estate values keep rising · Financial conditions remain key, especially in a low rate environment · Isolated instances of weakness have yet to breed contagion · The reversal of central bank tightening has averted a more widespread correction
I'm congenitally suspicious of "this time is different" arguments, which often seem very quick to toss out historical experience for the sake of a lively narrative. So when I find myself in discussions of whether the present wave of technological change is unprecedented or unique, I often end up making the argument that while the new technologies are obviously different in their specifics from older technologies, the fact of technology leading to very dramatic disruptions of labor markets is not at all new. To me, the more interesting questions are question how the economy, government, and society react to that ongoing pattern of technological change.
The Gallup Poll has been asking Americans since the 1950s whether they think that the income tax they pay is "too high" or "about right." The figure shows the responses over time including the 2019 poll, taken in early April. (The "don't know" and the "too low" answers are both quite small, and are not shown on the figure.)
For anyone who can do arithmetic, it did not come as a surprise that the "baby boom generation," born from 1946 up through the early 1960s, started turning 65 in 2010. Here's the pattern over time of the "Daily Average Number of People Turning 65." The jump of the boomer generation is marked.