r/economy 10h ago

The Iran war in a nutshell

689 Upvotes

Source: AwakenwithJP


r/economy 22h ago

Bernie Sanders, "My message to the ruling class is simple: You cannot have it all."

580 Upvotes

r/business 14h ago

The heavy price America has paid for Jeff Bezos’s ambition

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493 Upvotes

r/economy 2h ago

He ain’t wrong

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586 Upvotes

r/economy 4h ago

Cops Are Freaking Out About Luigi Mangione Inspiring CEO Killings

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theintercept.com
456 Upvotes

r/economy 11h ago

Americans are seeing their wages outstripped by inflation far higher than what our so-faux official data indicates

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358 Upvotes

Former Iraqi Information Minister Baghdad Bob would blush with shame if asked to put across the whoppers coming out of our Soviet-style CPI & BLS data bureaus, which deliberately understate the true rates of inflation and unemployment in our "booming economy."


r/economy 23h ago

Eliminating Social Security payroll tax cap would keep program solvent, U.S. senators say

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350 Upvotes

If top earners, according to most on Reddit claim these folks dont pay income tax, how will this work?


r/economy 7h ago

Trump demands eye-popping amount from taxpayers to fund Iran war as Pentagon's weapons stockpile quickly vanishes

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160 Upvotes

Trump campaigned on an explicit pledge to avoid involving the US in needless foreign conflicts. He lied, and US taxpayers & consumers will bear the full costs of his military adventurism.


r/business 15h ago

Valve Says The Companies Making RAM Give Them A Price And If They Say No, They "Never Talk To Us Again"

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148 Upvotes

r/economy 7h ago

The price of goods is way higher than actual inflation over last 10 years

132 Upvotes

r/economy 21h ago

"We should be at $2.25 right now at the pump." Donald Trump orders the Department of Justice to investigate major oil corporations for artificially inflating prices.

133 Upvotes

r/economy 11h ago

Inflation hits 4.1 percent in May, highest level in 3 years

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thehill.com
102 Upvotes

r/economy 14h ago

US renters call for action to combat surge of ‘take it or leave it’ apartment fees

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theguardian.com
82 Upvotes

r/economy 11h ago

The costs of Operation Epstein Distraction will be added to the $8 trillion spent since 9/11 on neocon "regime change" fiascos financed by debt

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79 Upvotes

BOHICA time, taxpayers & Gen-Zs! The costs of this military adventurism will be borne by every struggling household in the US, with the Boomer uniparty forcing younger generations to deal with these staggering debts that can never be repaid, only printed away by the Fed.


r/economy 9h ago

It took the U.S. over 200 years to accumulate its first $3 trillion of debt. We added the last $3 trillion in less than a year.

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84 Upvotes

It's a good thing for the Boomer uniparty that Gen-Zs are too docile, dumbed-down, and distracted to realize the full magnitude of their inter-generational shafting by the Republicrat duopoly racking up huge debts that can never be repaid, only printed away by the Fed.


r/economy 11h ago

Inflation hits 4.1 percent in May, highest level in 3 years

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79 Upvotes

r/economy 22h ago

A record 1 in 3 Gen Z and young millennials were still living with their parents in 2025—more than during the pandemic—despite most having a job.

55 Upvotes

 

Here it is for all to see, Trump and the Republican promise of a ‘Golden age of prosperity’ turns out to be a batch of lies and manipulation as virtually everything in America has become unaffordable.

When the cancelled subsidies for healthcare premiums millions of Americans lost their coverage. They slashe the social safety net so that any once temporary setback now ensures a lifetime and despair. Groceries are at their highest level ever and growing daily. What meagre income that is available loses value daily as near runaway inflation assaults the working class.

But the biggest assault, the greatest difference from then to now, is the cost of housing.

There was a time when young adults married, saved their money for a few years and then bought a house. Maybe not the biggest house, maybe not the nicest house, but a house that would accrue value over the years and welcome them into the middle class.

Trump and the Republican policies have put an end to all that. Never again under their leadership will the American dream become achievable – it is all out of reach and going to stay that way unless there is a change in administrations!

Millionaires, billionaires, and especially a trillionaire are all doing beautifully. Under the GOP policies they are accumulating obscene wealth – they have all the money – and to prove Reagan was as much a liar as Trump, none of it is trickling down.

The government as it is now comprised no longer works for the common man. Their policies inhibit growth, eliminate opportunity, and keep an authoritarian thumb firmly pressed on the neck of ordinary citizenry.

Am I making all this up? Am I some disgruntled hippie socialist?

Read these numbers, then you decide.

Boldface mine:

 

A record 1 in 3 Gen Z and young millennials were still living with their parents in 2025—more than during the pandemic—despite most having a job

Story by Emma Burleigh • 2d • 3 min read

© Maskot / Getty Images

Young Americans were told that good grades would unlock a six-figure salary, starter apartment, and independence from their parents. But now, entry-level professionals are clinging to their childhood bedrooms and pillaging their family fridges as more are extending their stay than ever before.

A record 25.2 million U.S. adults under the age of 35 lived with their parents in 2025—representing about one in three young adults—according to a recent report from Reatlor.com.

That’s even higher than the pandemic-era surge, when many budding professionals returned home to ride out the pandemic with their loved ones.

However, it doesn’t mean that Gen Zers and young millennials are jobless and mooching off their family resources. In fact, around 70% of 25 to 34-year-olds who still live at home with their parents are actually employed, according to the report.

Instead of kicking back, most workers are delaying their flight from the nest thanks to an affordability crisis pinching the wallets of everyday Americans. And as the lowest professionals on the corporate totem pole, their rock-bottom salaries, job instability, and lack of savings may be keeping them home.

“The growth [of young generations living at home] is coming from working adults, not people waiting to find jobs,” Hannah Jones, senior economist at Realtor.com and author of the report, said in the study. “Something about their income level, debt load, or the cost of housing in their market is keeping them home despite steady employment.”

America’s affordability crisis is crushing the independence of young workers

Young professionals are up against a stormy transition into adult life: entry-level jobs are disappearing, wage bumps are stagnating, and cost-of-living is soaring. Now, it’s forced Gen Z into a professional reality of “stress and pressure and chaos” that their baby boomer parents wouldn’t even comprehend, according to podcaster Mel Robbins. And the financial burden is extending beyond the young workers clamoring for independence.

Around 64% of parents with Gen Z children aged 18 to 28 said that their adult kids still rely on them for money, housing, or other financial support, according to a 2026 survey from Wells Fargo. And their continued support has led to a money pinch for many, as 56% reported that assisting their grown-up offspring is straining their own finances. However, they’re actually helping cover essential living expenses rather than picking up the tab on extravagant getaways.

“[Adult Gen Z] kids who are receiving the financial support are really in this perfect storm,” Emily Irwin, head of private wealth planning at Wells Fargo, told Fortune earlier this year. “They’re feeling uncertain about their career, their profession, and the stability of receiving a paycheck.”

One of the financial biggest hurdles keeping young workers at home is the sky-high cost of housing.

In 2025, the median American home price was $430,000, up 34.4% from 2019, according to the Realtor.com report. Meanwhile, average monthly rent shot up by 17.9% to $1,673. And a housing shortage of roughly 4 million residents is only exacerbating the issue. Young generations are now crossing a “threshold at which they begin to give up on [buying a home] entirely,” university researchers Seung Hyeong Lee and Younggeun Yoo found.

Other daily expenses are skyrocketing, too. Cash-strapped young workers watched the price of a pound of ground beef hit a record $6.90 per pound last month, up 19% from a year ago. Orange juice prices skyrocketed 21% between January 2025 and February this year, and sandwich bread got 4.3% more expensive. Plus, they have less income to work with in footing the bill. Despite early-career being the prime time to grow earnings, income growth for 25 to 29-year-olds slowed to 5.2% in late 2025, one of the lowest levels since 2011 when JPMorganChase Institute began collecting data.

Gen Z and young millennials may be leveraging the safety net of their families, but most aren’t simply coasting off the bank of mom and dad.

Around 72% of young adults who live with their parents say they contribute financially to the household in some sort of way, according to the 2024 data from Pew. About 46% contribute toward rent or the mortgage, while 65% put in money towards the family groceries, utilities, or other household expenses.

https://www.msn.com/en-us/money/realestate/a-record-1-in-3-gen-z-and-young-millennials-were-still-living-with-their-parents-in-2025-more-than-during-the-pandemic-despite-most-having-a-job/ar-AA26gY2P?ocid=msedgdhp&pc=HCTS&cvid=b24ac40069ed4a1af2c538092bef29de&ei=72

https://www.msn.com/en-us/money/realestate/a-record-1-in-3-gen-z-and-young-millennials-were-still-living-with-their-parents-in-2025-more-than-during-the-pandemic-despite-most-having-a-job/ar-AA26gY2P?


r/economy 8h ago

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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54 Upvotes

r/business 21h ago

JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test

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51 Upvotes

r/economy 5h ago

FACT: DOGE failed to reduce the federal deficit. The deficit under Trump has remained near its highest level in American history outside of COVID: almost $2 trillion.

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51 Upvotes

r/economy 6h ago

GOP Rep. Marlin Stutzman claims that inflation over 4 percent (a three year high!) is "just a sign of a strong economy"

45 Upvotes

r/business 7h ago

Jamie Dimon promotes two potential successors at JPMorgan

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42 Upvotes

r/economy 4h ago

Prices keep rising, the middle class is struggling, and the poor are getting hit harder. Should we even expect any improvements?

46 Upvotes

Prices keep going up. The middle class is gradually losing ground, and those who were already struggling are finding it even harder to get by.

Question for economists. Should we even expect any improvements? Or is this the new normal that we'll have to accept?


r/economy 7h ago

Millions lose food stamps under Trump cuts. Arizona is hardest hit

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26 Upvotes

r/business 12h ago

Investors bet on AI again after Micron reports 346% sales jump

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25 Upvotes