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Clear all filters- The Economist9 min
Is billionaire wealth becoming more legitimate? | The Economist
Recent research distinguishes between "competitive wealth" derived from creating goods and services and "uncompetitive wealth" from natural resources or political favors, finding the former is expanding while the latter declines. This shift is driven by rapid consumer growth in China, strong market returns, and the mobile-first internet era, which has fueled self-made billionaires in sectors like entertainment and retail rather than just technology. Consequently, data indicates that effective tax rates for the wealthiest Americans are high and that aggressive wealth taxes on competitive entrepreneurs may incur greater economic costs than the benefits of curbing inequality.
- The Economist7 min
Why Gen X is the real loser generation
This analysis identifies Generation X as the primary "loser" in the generational conflict, citing a convergence of economic stagnation during their peak earning years, a reversal in home ownership rates due to the 2008 crisis, and the erosion of their social safety net by the impending depletion of the US Social Security Trust Fund. The cohort currently faces a documented dip in happiness driven by "sandwich generation" pressures and chronic health issues, exacerbated by the likelihood that the upcoming inheritance wealth will bypass them entirely in favor of younger generations. While historical data supports these cohort-specific disadvantages, the analysis notes that this middle-age unhappiness is expected to subside for Gen X within the next decade, potentially foreshadowing a similar trajectory for Millennials.