Gen Z's Debt Cycle

Excess debt is a distinct threat to both current and future generations.

Gen Z's Debt Cycle
Photo by Towfiqu barbhuiya / Unsplash
Media: Gen Z is Doomed ⋆ Brownstone Institute
Years after the fact, the mainstream media is discovering that Gen Z is doomed. As CNN puts it, Gen Z is “earning less, has more debt, and higher delinquency rates than Millennials did at their age.”

Australia

Fixing Australia’s Self-flagellating Education System Will Help Boost ADF Recruitment Drive, Restore Our Sense Of Self
If less than a third of young Australians would fight for their country, even when invaded, our recruitment problem is not only an economic one but cultural as well.
ANZ outage is nothing compared to Digital ID in a cashless society | The Spectator Australia
Another day, another service outage from a major Australian bank which renders your money useless. It’s one thing for someone to nick your wallet – at least you’ve got a chance of fighting back – but…

International

Trans Democracy: Five transgender candidates in India’s 2024 election seek to win back the respect they had millenia ago
Non-binaries existed in Indian mythology and ancient texts, but colonial law made them outcasts
Assange Wins Delay, but ‘Punishment by Process’ Continues
Washington’s defense establishment shows no evidence of self-reflection after multiple failures of a state secrets system that is practically designed to deceive.

Business, Finance & Investment

The Stinginess of Financial Independence: Careful Being Too Cheap
With the New York Times article on Fat FIRE, I’ve been thinking a lot more about the repercussions of achieving financial independence and retiring early. One of those repercussions is that financial independence can turn you into stingy person who is unwilling to give! Every year, my kids’ Mandarin immersion independent school hosts a fundraiser
Recession seems almost certain with 19 states in trouble already, expert warns
A top economist, Nancy Lazar, expects stricter bank lending and steeper interest rates to crush growth by hammering consumers, businesses, and stocks.

Culture

The Wokey World of Politics, Enemy, and Power
Isn’t it special how Harvard has been negotiating with the peaceful protestors camping in Harvard Yard and has agreed to look into a Center for Palestine Studies at Harvard? Let us imagine, for a moment, anti-abortion activists standing sile…
NY Times: Populist Working Class Opposes Neoliberal Mass Immigration
The New York Times admits that mass immigration is “a core tenet of neoliberalism,” deeply opposed by the nation’s working class.
Major Pharmacy Chain Settles With Christian Nurse
Nurse practitioner Robyn Strader sued CVS Health Corp. in 2023 after it stopped providing religious accommodations regarding contraceptives.

Crypto & Blockchain

Easy Crypto - The world’s choice for crypto
The world’s favourite place to buy and sell Bitcoin and other cryptocurrencies. Delivery in less than 2 minutes, easiest order process, and we’re open 24/7.
Standard Chartered Predicts Ethereum Could Reach $8,000 by Year’s End
Expectations flip for a Spot Ethereum ETF from unlikely in 2024 to possible approval by this Thursday, driving ETH prices up by 30%.

Postscript

The Cure for Mental Health Is Not More Alone Time - The American Spectator | USA News and PoliticsThe American Spectator | USA News and Politics
Most surveys of young men reveal that their mental health is a disaster. Almost 60 percent of the men surveyed have felt anxiety.

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