_{FINANCIAL NEWS}

Nearly Half of Gen Z Receive Financial Support from Parents and Family: BofA Survey

A Bank of America survey reveals that nearly half (46%) of Gen Z adults rely on financial help from their parents and family, with this figure dropping to 30% for non-students. Many use this support for essentials like groceries, rent, and health insurance. Over half say they don't make enough to live the life they want due to high living costs, leading many to cut back on expenses. Additionally, 54% don't pay for housing, and 57% lack sufficient emergency savings. Financial independence is a key goal for this generation, as emphasized by Holly O'Neill, president of retail banking at Bank of America. Read More.

_{ECONOMIC NEWS}

Trump's Superior Record on Debt and Inflation Compared to Biden's

A Wall Street Journal poll found most economists believe President Biden would better manage inflation, debt, and interest rates than former President Trump. However, this view is criticized as Trump’s record on these issues is argued to be significantly superior. Under Trump, inflation rose 8% compared to Biden's 20%. Mortgage rates doubled from 2.9% to 7%, and federal deficits under Biden averaged $1.5 trillion, twice that of Trump's non-COVID years. Trump's policies, seen as disinflationary, contrast with Biden's tax and regulation increases, which critics argue will worsen inflation and interest rates. Read Now.