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Pushing the limits in Saudi Arabia

Bloomberg Equality
Bloomberg

By the end of this year, millennials—that avocado-eating, experience-seeking, late-marrying cohort born between 1981 and 1996—will have overtaken baby boomers to become the largest adult demographic in America. And that means, as they ramp up their careers and their earning power, the U.S. economy will increasingly turn on their efforts. 

Using data from the Federal Reserve and other sources, Bloomberg columnists Brian Chappatta and Elaine He put together a snapshot of millennial wealth, saving and investing habits. It's never entirely clear what the future holds, but from Senator Elizabeth Warren to Forever 21, everyone's banking on the new thirtysomethings. —Janet Paskin

Did you see this? 

Emboldened by newly relaxed rules for foreign visitors, Saudi women are pushing the limits of the country's restrictive dress code. 

Harvard's admissions process doesn't discriminate against Asian-Americans, a judge ruled this week. 

The West African nation of Gambia leaned hard on ill-fated Thomas Cook to fuel its tourism industry. Now what?

U.S. lawmakers say they are taking a hard look at five private equity firms invested in the embattled "prison services" industry. 

After two years of mandatory pay gap reporting, the U.K. investment management industry is getting worse, not better.  

Having kids and taking care of them keeps about half of working-age Filipino women out of the labor force.

Technological efficiencies, aka artificial intelligence and automation, are expected to account for 200,000 job cuts across the U.S. banking industry over the next decade. 

Medical debt is the top reason America's aspiring homeowners get turned down for home loans.   ​​​

We love charts

The leading U.S. Democratic presidential candidates are promising to pay for policy visions—Medicare for All, student debt relief, affordable childcare—by raising taxes on the wealthy. That includes, of course, themselves. Here's how the top four candidates, with 2018 income ranging from just under $600,000 to $4.6 million, would fare under their own proposed tax hikes. 

How the other half lives

Or in this case, less than half of the 1 percent. The world's very, very richest people gathered in (where else) Monaco last week for the principality's 29th Annual Yacht Show featuring 125 superyachts worth a combined $4.3 billion. These yachts are so big that their lifeboats are just slightly smaller yachts.

 

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