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Gen Z are carrying $1.12 T of debt, according to the Federal Reserve Bank of New York. This only makes up 6.3% of the total $17.8 trillion in US consumer debt. Their debt has been fueled by sky-high rents, soaring college costs, higher inflation & the Covid-19 economic downturn.

While 58.6% of Gen Z renters nationwide were rent burdened in 2022, 60.2% of millennials experienced rent burden at the same age in 2012. (NY TIMES)

There is not a single state, metro area or county in the US where a renter working full time at minimum wage can afford a modest 2-bedroom rental home, according to the National Low Income Housing Coalition. (USA TODAY)

In 2022, there were around 5.2 million Gen Z renter households in the US. With an annual median gross rent of $16,980 and an annual median gross income of $42,000, they were spending around 40% of their income on rent.....these millions will also soon be looking to buy a home...

In 2024, the median first-time homebuyer was 38 years old. It used to be in the 20's! (National Association of Realtors’ 2024 Profile of Home Buyers and Sellers report)

About 26% of homebuyers paid cash for their home, an all-time high.

At least 686 US companies filed for bankruptcy in 2024, up about 8% from 2023 and higher than any year since the 828 filings in 2010. There were only 777 bankruptcy filings in 2021 and 2022 ....combined. And around 600 in 2019 and 2020. (FT)

Los Angeles is an economic powerhouse:  Los Angeles County’s GDP came to $962 billion in 2023—the highest of any U.S. county. If it were a country, it would rank higher than Switzerland!

Microplastics r airborne: they can travel thousands of miles. They're generated by tires, clothing/textiles, garbage, etc & when inhaled hav the potential to trigger health issues. If about a 1/3 of ur life is spent sleeping, being mindful of the air quality in ur bedroom is wise

Would a $5 million Golden Visa attract billions to pay down US debt? The 'secret sauce' may be not taxing these Visa holders on their global income, just their income in the US. Portugal's visa golden program was super-successful attracting thousands but forced up home prices.