When governments provide citizens with economic security, research shows that they embolden them to take more risks. Continue reading… “Does welfare make America more entrepreneurial?”
Being a young adult in America is a financial nightmare
Between the ages of 25 and 34, 41.3% percent of Americans will spend at least a year earning less than 150 percent of the poverty line.
In the world’s richest country, poverty is an astonishingly common experience. Almost 40 percent of American adults experience it for at least a year by age 60. But poverty is especially common among young adults in America.
Continue reading… “Being a young adult in America is a financial nightmare”
Britain cuts housing benefits that will make large areas of London unaffordable for the poor
British welfare benefits allow London’s poor to live in areas such as affluent St. John’s Wood.
St. John’s Wood is the place the London A-listers choose to live. It is a neighborhood of the wealthy with its leafy avenues lined with the mansions of Paul McCartney, Ewan McGregor and Kate Moss. And yet, they share the most unlikely neighbors — the Kastrati family.
‘Born in the USA’ – More chinese women traveling to U.S. to give birth
When Chinese children are born in America, they automatically become U.S. citizens.
An increasing number of well-off Chinese women are going to the United States to give birth to their children. Having an American passport can certainly be beneficial, it can also be more of a hassle than one might expect.
Continue reading… “‘Born in the USA’ – More chinese women traveling to U.S. to give birth”
