Northern Trust Advisor Perspectives (June 8)
“Inflation across advanced economies has increased to rates not seen in multiple decades. Japan, where the headline consumer price index rose by only 2.5% for the twelve months ending in April, stands as an exception.” Though this “appears moderate… it is very high for a country where a generation has never seen sustained price increases. Japan’s inflation has averaged only 0.3% in the past three decades.”
Tags: Advanced economies, CPI, Exception, Generation, Increased, Inflation, Japan, Moderate, Price increases, Rates
LA Times (June 26)
“For the generation of Americans not yet old enough to drive, the demographic future has arrived. For the first time, nonwhite and Hispanic people were a majority of people under age 16 in 2019, an expected demographic shift that will grow over the coming decades, according to figures released by the U.S. Census Bureau on Thursday.”
Tags: Census Bureau, Demographic, Drive:, Future, Generation, Hispanic, Majority, Nonwhite, U.S.
Washington Post (November 14)
“The growing interest in witches and witchcraft speaks to a uniquely unsettled moment in U.S. history — and an unprecedented loss of hope felt by an entire generation. Absent anything else to hold on to, we’re reaching into the dark.”
Tags: Generation, History, Hope, Interest, Loss, U.S., Unprecedented, Unsettled, Witchcraft, Witches
The Economist (October 10)
“Every so often a country comes along whose economic transformation has a vast impact on the world’s climate system. For the past generation that country has been China. Next it will be India.”
Tags: China, Climate, Economic transformation, Generation, Impact, India
New York Times (August 2)
Millenials are “the most educated generation in history,” but this same generation is “on track to becoming less prosperous, at least financially, than its predecessors.” Millenials “are faced with a slow economy, high unemployment, stagnant wages and student loans that constrict their ability both to maintain a reasonable lifestyle and to save for the future.” On top of that, previous generations are burying them under government debt and insufficiently funded obligations.
Tags: Debt, Economy, Generation, Government, Lifestyle, Millenials, Prosperous, Student loans, Unemployment, Wages
The Economist (September 13, 2014)
“Ten years ago, developing economies were catching up with developed ones remarkably quickly.” But this “aberration” resulted from a convergence of favorable factors like “the commodities boom and hyperglobalisation of the turn of the century.” It once looked like worldwide average incomes would catch up with those of the U.S. in little more than a generation. Now, it appears the catch up will take decidedly longer, perhaps a century or more.
Tags: Aberration, Century, Commodities boom, Developed, Developing economies, Generation, Hyperglobalisation, Incomes, U.S.
Time (September 14)
“The generation that supposedly prizes meaningful work, flexibility and balance” is already showing signs of yearning for financial success and status. Will this reshape the generation’s priorities? Millennials “may well turn out to be different from the generation that spawned them, and live more balanced lives and find spiritual happiness in the difference between having what you want and wanting what you have. But we won’t know that for many more decades.”
Tags: Balance, Financial success, Flexibility, Generation, Happiness, Meaningful work, Millennials, Priorities, Spiritual, Status
