Kids!

On a totally non-market subject, more young adults are living with their parents, and here’s the graph to prove it (courtesy of Hugo Scott-Gall of Goldman Sachs). Top line is US, bottom line is UK. I suspect in places like Italy, the numbers are way higher.

Goldman surveyed their interns about which items were priorities for them to own. A house was easily at the top of the list, but interestingly (at least to me), a car was no more important than an expensive handbag or watch. Maybe that’s a function of an urban-centered (and status-conscious) survey group, but I’d say it’s good news for Uber, not so good news for GM (and its peers). It’s also good news for the housing (and related) industry, but maybe the biggest winners are the long-suffering parents who can finally get their kids out the door. I’m sure their children feel the same way.

• 17 Oct, 2014

  Shades of 2007?

  Nice graphic in today's FT showing the spike in vol and sell-off in risk (Greek bond yields jumped from 5.5% to 9% in ...

• 14 Jan, 2020

  From the Kentucky Coal Mines to the California Sun

  Rupp Arena is one of the iconic venues for college basketball in the country. It is named for Adolph Rupp, the legendary ...

• 17 Oct, 2016

  What I Learned While Atoning

  Twenty-four hours without food or drink is supposed to help focus the mind on the task at hand: atoning for the sins of ...