29 Apr

Money money!

Sounds about right to me:


“While there are some differences in the slopes, the more remarkable feature is simply that for every country, the relationship estimated at low incomes appears to hold in roughly equal measure at higher incomes. In particular, there is no evidence that the slope flattens out beyond any particular ‘satiation point’ in any nation.”

(Via You Can Never Have Too Much Money, New Research Shows | Brookings Institution.)

I’ve slid along a large part of that scale in my own lifetime, fascinatingly enough…

26 Apr

Trailer parks and boomers


“Baby boomers aren’t going to retire the way their parents did. They are poorer and more likely to live alone. They can’t depend on pensions, and the real-estate bubble destroyed almost 50 percent of their wealth. Today one in six seniors lives in poverty, and that proportion is rising; the generation of Americans now facing retirement is so financially ill prepared that half of them have less than $10,000 in the bank. The coming swell of retirees will strain our current system to its limits—in terms of not only health care, but also incidental things like road signs, which are hard for drivers over 65 to read in a majority of American cities and towns.”

(Via How the Trailer Park Could Save Us All –.)

14 Apr

Some futurist optimism from Ramez Naam

Ramez has an essay (with charts) up a the Business Insider:

“The remarkable thing about this decline in this cost of solar power is that it’s been going on since the invention of solar cells in the 1950s – roughly 60 years now. If solar keeps dropping in price (even at its slower, long term pace) for another 10 years, we’ll have solar power as cheap as fossil fuels – but with available energy thousands of times greater. If the trend continues for another 20 years, or even 30 years, we’ll have solar power a half or a quarter the price of current fossil fuels – a resource that would boost economic growth worldwide. That’s a big if, but it does look as if we’ll at least achieve parity with fossil fuel prices in the next decade.”

(Via The World Is Not Headed For Disaster – Business Insider.)