Best Of The Web
“The average cost of raising a child until age 18 today is more than $230,000— but that number only gets higher when children leave the nest. In fact, many parents consider it to be the most expensive stage of parenting, according to Merrill Lynch’s new “The Financial Journey of Modern Parenting: Joy, Complexity, and Sacrifice” report.
The bank surveyed more than 2,500 American parents and found that 79% of parents continue to provide financial support to their adult children — contributing to an estimated $500 billion annually. That’s twice the amount they save for retirement — $250 billion annually — according to the report. There are 173 million parents in the US, according to Merrill Lynch.
“When emotions and money become intertwined, parents risk making financial decisions that can compromise their financial futures,” states the report.
Seventy-two percent of parents revealed they put their children’s interests ahead of their own need to save for retirement. On top of that, 63% of parents reported sacrificing their own financial security for their children’s sake. Specifically, Asian, Latino, and African American parents are more likely to give up financial security for their children, the report found.”
JJ Best Of The Web
"Until recently, most Americans have understood that the biggest threats to their privacy came from their own government."
"As the charges, indictments, plea deal, and years of incarceration pile up over the next couple of years, I'll never stop being amazed at the incredible galaxy of thieves and lowlifes this president* attracts."
"Sometimes anti-Zionists are — surprise! — homicidal anti-Semites, too. That’s a thought that can’t be far from the mind of anyone living in northern Israel..."
"Some things never change. The sun rises in the east. Forks are set on the left. And if there is a pregnant woman in a movie, she will go into labor at the worst possible moment."
"The American dream is about the opportunity to earn happiness—and the government has a responsibility to facilitate that."
"A reflection on my month without Apple, Microsoft, Google, Facebook, and Amazon, plus a how-to guide if you want to quit the biggest companies in tech."
"Against moral sainthood: As philosopher Susan Wolf argues, life is far more meaningful and rich if we do not aim at being morally perfect."
"We all know two plus two equals four. And we begin with that. We learn to add before we learn how to take away, to lose. It’s a great way to learn how to write. "
"There is no shortage of songs, movies and television shows depicting the difficulties of breakups with a romantic partner. But when it comes to navigating the end of friendships, it can feel like we’re on our own."
"The rapidly growing trend of veganism is likely to become another major contributor to hidden hunger in the developed world."
"Thankfully, in science, we don't need to be there ourselves to have proof. Here are four different pieces of evidence we can point to that demonstrate the Moon landings actually occurred."
"It’s December again, which means it’s time to put away childish things and once again heed our era’s highest moral calling and resume our arguments about Love, Actually."