Fed rate cuts unlikely thanks spending by rich Americans

As baby boomers have aged, they have accumulated more assets leading to more discretionary spending. Since retiring two years ago, Joan Harris has upped her travel game.Once or twice a year, she visits her two adult children in different states. She’s planning multiple other trips, including to a science fiction convention in Scotland and a Disney cruise soon after that, along with a trip next year to neolithic sites in Great Britain.“I really have more money to spend now than when I was working,” said Harris, 64, an engineer who worked 29 years for the federal government and lives in Albuquerque, New Mexico.Back then, she and her now-ex-husband were paying for their children’s college educations and piling money into savings accounts. Now, she’s splurging a bit and, for the first time, is willing to pay for first-class plane tickets. She plans to fly business class to Scotland and has arranged for a higher-level suite on the cruise.“I suddenly realized, with my dad getting old and my mom dying, it’s like, ‘No, you can’t take it with you,’ ” she said. “I could become incapacitated to the point where I couldn’t enjoy something like going to Scotland or going on a cruise. So I better do it, right?”Older Americans like Harris are fueling a sustained boost to the U.S. economy. Benefiting from outsize gains in the stock and housing markets over the past several years, they are accounting for a larger share of consumer spending — the principal driver of economic growth — than... Continue reading at 'Fast Company'

[ Fast Company | 2024-04-29 13:22:05 UTC ]

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Ben Bova, Science Fiction Editor and Author, Is Dead at 88

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[ The New York Times | 2020-12-14 19:27:29 UTC ]
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A gift guide for the fans of science fiction, fantasy and horror books in your life

Anthologies like “The Big Book of Modern Fantasy” cover a lot of ground. Illustrated books like “Flyway” offer something special. Continue reading at The Washington Post

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Bradbury Noir: The Crimes of a Science Fiction Master

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Race Consciousness: Fascism and Frank Herbert’s “Dune”

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Best science fiction, fantasy and horror books of 2020

Dystopias, adventures and new worlds in books by Stephen Graham Jones, Zen Cho and more. Continue reading at The Washington Post

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The Classic Novel That Robert Macfarlane Just Couldn’t Finish

“Wild landscapes, weird nature, science fiction — this really should be my jam. But no.” Continue reading at The New York Times

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Doctor Who's sonic pioneers to turn internet into giant musical instrument

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Amazon gives rugby £20m lifeline and could spark Six Nations bidding war

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'A Handful of Earth, A Handful of Sky' reveals Octavia E. Butler's early life in Pasadena

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Can Science Fiction Help Us Govern for the Future?

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10 of the Best Works by C. S. Lewis

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A Guide to Conquering Your Demons With 5 Mathematical Sci-Fi Books

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The Study of Economics Could Learn a Lot From Science Fiction

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Derek B Miller’s first sci-fi novel goes to Jo Fletcher Books

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Namwali Serpell will donate Clarke Prize money to those protesting Breonna Taylor’s murder.

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