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The nest isnât so empty: Affordability crunch has 49% of young adults living with parents
WASHINGTON D.C. â Nearly half of young adults lived with a parent last year, illustrating the struggles of a generation trying to gain a financial foothold.
A report from the Federal Reserve in May showed 49% of adults under age 30 lived with a parent, up 12 percentage points since 2019.
âEverything is just out of reach,â a 28-year-old woman who lives with her mother in the Atlanta suburbs told The Wall Street Journal.
That woman said a young adult could live on their own if they wanted, but theyâd be âdead broke at the end of the month.â
Another young woman told the Journal that the COVID-19 pandemic âflipped the scriptâ on young adults moving back in with their parents. Click here to read more.

Michigan Business Development Programâs deals are plentiful; its results are not
The workhorse of the stateâs business subsidy programs is not the one that gives out deals for hundreds of millions of dollars. Instead, itâs the program where assistance is limited to $10 million payouts, the Michigan Business Development Program. This program has made 875 deals since it began in 2012. But while it makes a lot of deals, it also falls short. Itâs just not an effective use of taxpayer money.
One of the basic problems is that it gives taxpayer money to companies and doesnât ask for anything in return. All businesses that have a project where they expect to create enough jobs â 25 to 50 of them â are eligible, regardless of whether they would do anything differently without money. The only nod to accomplishing anything is that preference may be given to businesses âthat need additional assistance for deal-closing and for second stage company gap financing.â Click here to read more.
Trump announces Walmart to lower prices for thousands of products at his administrationâs request
resident Donald Trump said Monday that Walmart has confirmed it will be lowering its prices for thousands of products this summer at his administrationâs request in celebration of the United Statesâ 250th birthday.
Walmart said it will be lowering prices through its signature Rollbacks and Samâs Club programs, and customers can expect savings on groceries, household and everyday essentials, outdoor living, toys and apparel.
Trump noted that one grocery price that the savings include is a reduction in the cost of beef, which he said will be lowered by almost 15% per pound. Walmart said a pound of beef will now cost $5.94 instead of $6.74. Click here to read more.

Joy Reid Guest Rooting for Team USA to Lose So Victory Wonât be âExploitedâ by Trump
If you feel like you might not dislike the left enough, keep reading.
On July 1, the same day that U.S. soccer star Folarin Balogun was hit with a red card in the U.S. Menâs National Team (USMNT) 2-0 victory over Bosnia and Herzegovina, former MSNBC host Joy Reid welcomed Dave Zirin, sports editor for The Nation, onto her podcast.
During the interview, Zirin made it clear that he was not rooting for America and wanted to see the U.S. âknocked down a peg,â at least in part, for fear of its victories being âexploitedâ by President Trump.
âI find myself really wishing the United States was actually playing a team from the Global South so I could truly root with even more fervor to see them get knocked down a peg, because we know how itâs going to be exploited if they go forward in the Cup,â Zirin said. âLetâs just be real about that.â Click here to read more.

America learned long ago that air-conditioning saves lives. Why does Europe remain so stubborn about it?
During his inaugural speech on Jan. 1, Mayor Zohran Mamdani declared, âWe will replace the frigidity of rugged individualism with the warmth of collectivism.â
It certainly feels warm these days.
As temperatures climbed during the heat wave that blanketed much of the eastern United States, the mayor took to social media with a familiar message from the government. âNew York: itâs hot out there, and the power grid is working overtime to keep us cool,â he tweeted. âSet your AC to 78 degrees, turn off lights/electronics youâre not using, and unplug what you can.â
This is the real face of the political left: Individual comfort and convenience should be subordinated to collective priorities, with government officials deciding how much energy ordinary people ought to consume. Click here to read more.

