News Story of the Day: back in the day, as soon as you turned 18, you were out the door, ready to take on the world all by yourself (heck, kids would finish the eighth grade, go to business school, and start working!). Today, that’s not necessarily the case anymore – whining and protesting are the new norm.
According to the latest Country Financial Security Index, more than half (53 percent) of U.S. millennials have regularly received financial assistance from their parents or guardians since turning 21.
So, what are millennials getting pecuniary aid for? The No. 1 item shouldn’t come as a surprise: smartphones. This is followed by rent, gasoline, groceries, and health insurance.
Here are some other interesting findings:
– More than one-third (37 percent) receive monthly cash assistance.
– 59 percent get money several times a year.
– A third admitted to still living with their parents.
“Young people are graduating with a debt load that generations before them just didn’t have — that’s one big issue,” Doyle Williams, an executive vice president at Country Financial, told Moneyish. “And then you also have … kind of the middle of that millennial generation, (which is) still probably dealing with the aftereffects of the Great Recession.”
Chart of the Day: most kids have very little concept of money. Since schools teach mostly about protesting, 53 genders, and hating President Donald Trump, they’re not learning the essential life skills to lead a successful life, such as saving and investing. Perhaps this chart will encourage teenagers to start saving immediately:
Illustration of the Day: on Thursday, the U.S. Supreme Court ruled in favor of allowing states to mandate ecommerce companies to collect online sales taxes. This proves once again the famous quote that sat on top of Ron Paul’s desk in Congress:
Quote of the Day: is Congress the real monster on immigration? Here is what Reason’s Nick Gillespie writes:
From a libertarian point of view, Trump is horrible on immigration. Indeed, the whole cornerstone of his presidential campaign was built on a reality-challenged rant about Mexican migrants being rapists, drug dealers, disease carriers, and worse. That is a problem, but Trump isn’t the reason why our immigration laws are so screwed up.
After George W. Bush was reelected in 2004, he said he had a ton of political capital and he was going to spend it on two big issues: Social Security reform and immigration reform. Neither went anywhere, primarily because of pushback from his own party. Like his father and Ronald Reagan, Bush had always been unapologetically pro-immigration and pro-immigrant. He was a political realist on the topic, though, and went along with increased border enforcement as the cost of doing business. But in 2007, a Democratic-controlled Senate quashed his last, best hope for comprehensive reform. The Comprehensive Immigration Reform Act would have added border fencing and border patrol, but would have also created a pathway to citizenship for some illegals and incorporated the old, first version of a Dream Act. It never got to a vote in the Senate thanks to most Republicans and a sizable chunk of Democrats. Immigration reform got shut down under Obama too, thanks again to both parties’ reluctance to act (at the time, reform proponent Tamar Jacoby of Immigration Works USA blamed “anti-immigrant Republicans [who] have joined with Democrats allied with labor unions, many of which have a history of resisting immigration out of concern that a supply of immigrant workers competing for jobs will drive down wages”). Apart from his parting gift to “dreamers,” Barack Obama was not good on immigration, if not quite as upfront about it as Donald Trump. He and his fellow Democrats—who accomplished nothing on the issue when they had the chance—are mostly comfortable spectating as the GOP follows through on its suicide pact on the issue.
As long as we’re blaming Donald Trump for the rending of families at our Southern border, he’s happy (he’s a narcissist, after all). Democrats are happy (perhaps wrongly, they sense an advantage in the upcoming midterms) and Republicans are mostly happy too (members are pushing bills that would chop legal immigration by 40 percent or more). But as in so many other things, to focus on the president is to let the people most responsible for the current mess off the hook. And that would be Congress.
Tweet of the Day: why are monarchs still in existence? Why do we need to bow to another human being just because they were born into the right family? Why does the Royal Family still mooch off the taxpayers?
The Prime Minister of the United Kingdom, Theresa May, meets the His Royal Highness The Duke of Cambridge, Prince William. How adult human beings continue to indulge all this with a straight face is truly baffling. And embarrassing. pic.twitter.com/BIL5WuObNH
— Glenn Greenwald (@ggreenwald) June 22, 2018
Video of the Day: ever since the government took over New York’s subway system, it has devolved into a bureaucratic mess, a chaotic daily commute, and, as The New York Post put it, hell. Reason takes a look at how to fix the broken down system.
Leave a Comment