Page 24 - Hillary Hoffower News Today

AFP Contributor/Getty Images Services in health care and education have increased in price by over 100% in the past 20 years, per an AEI chart. Meanwhile, consumer goods like new cars, clothing, and TVs have become way more affordable. The split between the two mirrors the rise in discreet wealth, in which immaterial means have become status symbols. Showing off wealth is no longer the way to signify having wealth. Flashing a Louis Vuitton handbag or a multimillion...

Urban studies theorist Richard Florida told Insider that vaccines and young adults will bring big cities back - they'll just look a little different.

Urban studies theorist Richard Florida told Insider that vaccines and young adults will bring big cities back — they'll just look a little different.

More millennials became homeowners in 2020 than any other generation. At the same time, more millennials now believe they'll never own a home.

Erik McGregor/LightRocket via Getty Images A Realtor.com report found that rent in some smaller cities saw double-digit growth over the past year. Larger cities, on the other hand, saw big drops in rents as working from home allowed residents to leave. The divergence in urban rents shows how the pandemic is reshaping the economys housing sector. In affordable cities near major tech hubs that would typically attract homebuyers, rent prices have increased by double-d...

On this edition of Your Call, we discuss the movement to cancel student debt. More than 43 million borrowers owe a collective $1.7 trillion in student debt

How could the conventional wisdom be so wrong? The paper is centered on the idea that money doesnt always equal fulfillment. Instead, it looks at "total life satisfaction from material consumption," Stanford University professor and one of the papers authors, John Shoven, told Geoff Colvin of Fortune. Shoven explained to Colvin that enjoying savings in the future might not be as satisfying as expected because people are impatient and may not be healthy come retirement time — they might not ev...

Courtesy of Sakara Life Organic food delivery service Sakara Life has become a staple among wealthy millennials. At a starting price of $70 a day, Sakara offers the young and busy healthy and outsourced meals. The founders told Insider Sakaras success is rooted in its nutritional and spiritual philosophy. It all kicked off with a dinner party in Soho.  Danielle Duboise and Whitney Tingle, two 20-something NYC transplants at the time, were charging friends "admissi...

Adult children returning home after school can create great learning opportunities about finances and managing money — but only if done right.

The Akpan family wanted to downsize. The Mom Trotter The Akpans had two major motivators for downsizing: physical and financial freedom. "We wanted to downsize and spend more time together," Karen Akpan told Insider. She and her husband Sylvester have a 9-year-old son, Aiden, who they always loved traveling with, and they realized they could have more adventures with him if they werent attached to a house. "Also, I feel like we were just working so much and everything was going toward bills," s...