Historically, when people lose confidence about their finances, they'll pull back on spending. But, increasingly, younger generations are doing the opposite, figuring their financial futures are doomed no matter what. Higher student debt loads, an increased cost of living and shifts in the labor market have made it more difficult to achieve financial success.
As such, about 28% of Americans admit to "doom spending" to cope with concerns about the economy and foreign affairs, according to Credit Karma, a personal finance company. And the rates are even higher among Millennials and Gen Z, at 43% and 35%, respectively.
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,,-Ux_SY2LShI,UChirEOpgFCupRAk5etXqPaA, Politics,Society, channel_UChirEOpgFCupRAk5etXqPaA, video_-Ux_SY2LShI,Protesters clashed with police in the capital of Georgia, Tbilisi, as Prime Minister Irakli Kobakhidze announced the government wouldn’t pursue European Union membership talks until the end of 2028. Police used tear gas, pepper spray, and physical force early Friday morning as groups of people rallied near the parliament building.
Read more: https://www.bloomberg.com/news/articles/2024-11-29/georgian-protesters-clash-with-police-after-eu-talks-were-frozen
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,,Ms2zorm_S-8,UChirEOpgFCupRAk5etXqPaA, Politics,Society, channel_UChirEOpgFCupRAk5etXqPaA, video_Ms2zorm_S-8,President-elect Donald #Trump’s transition team is preparing to announce that he has selected Scott Bessent, who runs macro hedge fund Key Square Group, as the next #US #Treasury secretary, according to people familiar with the matter. #politics #news
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,bloomberg,quicktake,business,bloomberg quicktake,quicktake originals,bloomberg quicktake by bloomberg,us news,world news,finance,science,climate,news,news today,breaking news,breaking news today,latest news,today's news,news today headlines,top news,current news,latest news today,today news,russia,china,india,world news today,france russia,israel hamas,news flash,news of the day,news today live,north korea,documentary,mini doc,bloomberg tv,shorts,LEnse6_EotU,UChirEOpgFCupRAk5etXqPaA, Politics,Society, channel_UChirEOpgFCupRAk5etXqPaA, video_LEnse6_EotU,The biggest challenge to Bashar al-Assad’s regime seemingly came out of nowhere, and as the city of Aleppo fell to rebels in a matter of days, the Syrian president reportedly flew to Moscow.
Russia’s intervention in Syria’s civil war almost a decade ago turned the tide in Assad’s favor, but this time around his two biggest backers are stretched. Vladimir Putin’s invasion of Ukraine is consuming Russian resources while Iran finds itself weakened by Israel’s sustained attacks on Hezbollah, the Tehran-backed militants in neighboring Lebanon.
It’s been four years since the conflict in Syria reached an uneasy stalemate. The country, which borders Israel, Lebanon, Turkey, Iraq and Jordan, had laid relatively dormant as the Middle East convulsed following the Oct. 7, 2023 massacre of Israelis by Hamas.
Read more: https://www.bloomberg.com/news/articles/2024-12-02/syria-war-conflict-heats-up-with-russia-and-iran-on-backfoot?sref=omvmmwIg
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,1,President Joe Biden watched on as a fireworks display lit up the night sky in Washington on Thursday as part of July 4th celebrations. Biden was joined by his family, Vice President Kamala Harris and second gentleman Douglas Emhoff as they waved to crowds and watched the display from the balcony of the White House.
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,1,French President Emmanuel Macron’s centrist alliance and the left-wing New Popular Front are weighing whether to pull candidates from the second round of the legislative election on Sunday to keep the ascendant far right out of power.
Marine Le Pen’s National Rally and its allies dominated the first round of voting Sunday, locking up 33.2% of the vote, according to interior ministry figures. The New Popular Front got 28% and Macron’s coalition got 20.8%.
Le Pen’s margin of victory was smaller than some polls had indicated. That, together with the news that mainstream parties were exploring ways to lock her group out of power, drove an initial market rally before investor optimism about the outcome began to fade.
Read more: https://www.bloomberg.com/news/articles/2024-07-01/macron-and-french-left-wing-rivals-race-to-stop-far-right-rise?srnd=homepage-uk&sref=omvmmwIg
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Our nation is being invaded by massive illegal gangs from other countries and it's happening in American Suburbs... think this isn't coming to a town near you... think again. Aurora Colorado is ground zero for the Biden Harris open borders policy.
,1,Historically, when people lose confidence about their finances, they'll pull back on spending. But, increasingly, younger generations are doing the opposite, figuring their financial futures are doomed no matter what. Higher student debt loads, an increased cost of living and shifts in the labor market have made it more difficult to achieve financial success.
As such, about 28% of Americans admit to "doom spending" to cope with concerns about the economy and foreign affairs, according to Credit Karma, a personal finance company. And the rates are even higher among Millennials and Gen Z, at 43% and 35%, respectively.
--------
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Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
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