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If Boomer parents are pulling on one end of the rope in a game of tug-of-war, Millennial and Gen Z kids may be yanking on the other. Gen Xers’ delay in childbearing means that many may find themselves either struggling with infertility or raising little kids in their 40s. Generation X is downwardly mobile as costs are rising, but we’re working hard to give our children advantages that we didn’t have.
~ Ada Calhoun via The Atlantic

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In 1970, when the golden age of the American middle class was nearing its peak and inequality was at its nadir, only about half of Americans ages 25 and older had a high-school diploma or the equivalent. Today, 90 percent do. Meanwhile, the proportion of Americans attaining a college degree has more than tripled since 1970. But while the American people have never been more highly educated, only the wealthiest have seen large gains in real wages.
~ Nick Hanauer via The Atlantic

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Confidence is a feeling, which reflects the coherence of the information and the cognitive ease of processing it. It is wise to take admissions of uncertainty seriously, but declarations of high confidence mainly tell you that an individual has constructed a coherent story in his mind, not necessarily that the story is true.
~ Daniel Kahneman

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