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Fully 114 of the 242 S&P 500 companies that held investor events in January referenced Donald Trump—with many executives preaching patience and optimism. Though companies and investors remain sold on the “Trump rally,” beware: Full-on “Trumponomics” still has significant hurdles in its way.
New Congressional Budget Office projections indicate that the U.S. federal deficit will more than double to $1.4 trillion by 2027, in part due to the retirement of Boomers. This aging generation is poised to put an ever-greater strain on an already overburdened Social Security and health care system.
National financial data show that the Silent Generation has by far the highest credit score of any generation (with a 730 average), while other generations’ scores range from 700 to 630. It’s not surprising that the generation that came of age during the Great Depression would do their best to remain debt-free and in good financial standing.
The British Royal Mint is working with CME group (a futures exchange operator) to allow customers to buy and sell fractions of gold, stored in the Mint’s vaults, using RMGs, a currency similar to bitcoin. The legitimacy that gold-backing offers, coupled with blockchain technology’s advantages, may finally allow this type of high-tech currency to go mainstream.
A comparison of Millennials and G.I.s lays out many of the strengths they share, but claims that Millennials were stunted by growing up free from economic hardship. However, the author conflates G.I.s and the Silent: While the Silent were raised during the Great Depression and WWII, the G.I.s actually grew up during the relatively prosperous 1910s and ‘20s.
Lyft is hoping to compete with Uber on efficiency by installing a flashing device in every car to allow riders and drivers to find each other more easily. Sending hardware to its drivers may be functional, but it does move the company further away from being an “independent contractor” and closer to a more traditional employment setup.