fun facts

Millennials aren’t poorer than previous generations

Of dollars and data takes up the question of my generation’s wealth. “Using the same Federal Reserve data cited in the articles above, we can see that Millennials have roughly the same inflation-adjusted financial assets per capita as prior generations […]

fun facts

The new banking reserve requirement: 0%

This happened a few months ago and it slipped right past me. Simplified explanation… There’s a “reserve ratio” that governs how much capital a bank must keep in reserve when it lends money. It was 10%, meaning $100 of capital […]