(back)

💡 Random bits

Here's what I've been reading, watching, and listening to:

• Millennials on Better Track for Retirement Than Boomers and Gen X (wsj.com)
  
  2023-10-03

  While the generation born in the 1980s and 1990s has lagged behind prior generations when it comes to homeownership and earnings, new data suggests they are saving more for retirement. By the time older millennials now earning a median salary reach retirement, Vanguard estimates, they will be able to replace almost 60% of their preretirement income with Social Security and savings from sources including their 401(k)s and individual retirement accounts.

  Gen Xers and the youngest baby boomers with median earnings are, by contrast, likely to replace about half of their paychecks in retirement.

  What changed? Millennials are saving more and earlier largely because contributing to a 401(k) became the default in many plans. Unlike baby boomer and Gen X workers, many of whom delayed joining 401(k) plans, millennials were often automatically enrolled earlier in their careers. While those who are swept into plans can opt out if they don’t want to save for retirement, few do.

  Boom! This is great news.

• The Kids Need a Ride. Enter the Car Nanny. (wsj.com)
  
  2023-10-03

  🙄

• Electric Road Trips Across Europe Are Increasingly Feasible (bloomberg.com)
  
  2023-09-20

  Good read and data on the acceleration of fast charging stations throughout Europe.

• US inflation expectations fall to lowest levels in over two years (bloomberg.com)
  
  2023-09-17

• The never-ending if/then (ofdollarsanddata.com)
  
  2023-09-12

  Good food for thought here. I think that I live in the present and think a lot about the future. It can be easy to dive into the weeds of the past though.

  As my son’s hockey coach recently said after a 3-5-1 start of their season, “Always forward”.

• IRS using AI to investigate tax evasion (nytimes.com)
  
  2023-09-08

• Comeback Cubs (mlb.com)
  
  2023-09-06

  The Cubs now have 11 wins in games they trailed entering the sixth inning. Zooming out, the North Siders are now 11 games over .500 after sitting 10 games under (26-36) back on June 8.

• Lane Tech ranks #73 nationally, #5 in Illinois, #5 in Chicago (usnews.com)
  
  2023-08-30

  This is my freshman son’s school. Excited for him.

• Google Meet meets AI (theverge.com)
  
  2023-08-29

  Google introduces AI-enabled features to take real-time notes and make it easy for those joining late to catch up (plus a post-meeting recap). I love all the innovation in this space…and especially Google’s goal to make you feel in the room regardless of where you’re located.

• ‘Woo Lady’ Keeps Morning Crowd Motivated On Lakefront Trail (blockclubchicago.org)
  
  2023-08-24

  I see Phyllis on Chicago’s lakefront trail a few times per year. She always yells out encouragement as I bike past her, and it feels amazing. We all need more of this.

  Thank you, Phyllis!