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Read previewIn recent weeks, progressive figures have grown louder in calling for Associate Justice Sonia Sotomayor to consider resigning from the Supreme Court. Advertisement"I'm not in favor of telling people when they should retire," said Democratic Rep. Ilhan Omar of Minnesota. AdvertisementHanging over the discussion is the late Associate Justice Ruth Bader Ginsburg, who died in 2020 just months before the end of the Trump administration. Advertisement"Taking into account what happened to Ruth Bader Ginsburg, I get it," said Rep. Jimmy Gomez of California. "Ruth Bader Ginsburg was ill. We knew she had cancer.
Persons: , Justice Sonia Sotomayor, who's, Ro Khanna, Ilhan Omar, Ilhan Omar of Minnesota, Alexandria Ocasio, Cortez, Sotomayor, Donald Trump, Ruth Bader Ginsburg, Trump, Ginsburg, Obama, Amy Coney Barrett, Roe, Wade, Democratic Sen, Richard Blumenthal, Jimmy Gomez, Dolores Huerta, Gomez, Ginsburg —, I'm, Justice Ginsburg, Chuy Garcia, Dean Phillips, Minnesota —, Joe Biden, Phillips Organizations: Service, Justice, Latina, Democratic, California, Business, Huffington, Senate, NBC News, Democrat Locations: Ilhan Omar of, Alexandria, Cortez of New York, , Jimmy Gomez of California, Illinois
Millennials said in a recent survey that they need $525,000 a year to be happy. It's likely due to high debt loads millennials hold, along with childcare and housing costs. The average respondent said they think they need a $284,167 annual salary to be happy, and for millennials, that amount was much higher at $525,000. As Business Insider recently reported, millennials' financial well-being has plummeted, according to Morning Consult's latest iteration of its well-being index. Big debt loads are a contributor to millennials' financial well-being right now.
Persons: Millennials, , Gen Z, Gen X, millennials, Fannie Mae, it's, Jimmy Gomez, Joe Biden Organizations: Service, Federal Reserve, Consumer Financial, Federal, New York Federal Reserve, of Labor Statistics, National Association of Realtors
Millennial and Gen Z parents are struggling
  + stars: | 2023-11-19 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +16 min
AdvertisementMillennial and Gen Z parents are finding themselves isolated. But they and Gen Zers behind them have finally caught up to previous generations in terms of their income, Jean Twenge, a psychologist and the author of "Generations: The Real Differences Between Gen Z, Millennials, Gen X, Boomers, and Silents—and What They Mean for America's Future," told me. As fast as the money comes in from the pay raises that millennials and Gen Zers have secured, for parents the money goes right back out. These realities can force many millennial and Gen Z parents to make tough choices. But, at the same time, young parents are fleeing those walkable cities for the towns next door.
Persons: Kyle Taylor doesn't, Taylor, they're, Gen, they've, We've, Natalie Groff, Gen Zers, Jean Twenge, Gen X, Silents, Twenge, Groff, she's, Jimmy Gomez, Gomez, of Labor He's, Zers, It's, millennials, they'd, Brittany Pettersen, we've, Pettersen, that's, She's, Becca Balint, didn't, Balint, That's, who's, isn't, Juliana Kaplan Organizations: Bureau of Labor Statistics, Bank of America, Department of Labor, Congressional, Caucus, of Labor, Pew Research Center, National Association of Realtors, Deloitte, Democratic Locations: The Alabama, New York City, California, Younger, Colorado, America, Vermont
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Jimmy Gomez talks bill that will allow unemployment benefits for striking workersHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Jimmy Gomez, Brian Sullivan, Organizations: CNBC
The Child Care Stabilization Act would allocate $16 billion to childcare annually for five years to aid providers. At the same time, childcare workers are facing low pay and tough conditions; they have previously told Insider that the industry needs even more subsidizing. AdvertisementAdvertisement"It is the thing that we pay the most money for," she previously told Insider . She's not alone: Other parents have told Insider that high costs for scarce childcare have led them to drop out of the workforce completely. AdvertisementAdvertisement"Right now we have a childcare crisis with ARPA funding," Rep. Jimmy Gomez of California, a member of the Congressional Dads Caucus , said.
Persons: Joe Biden's, Sen, Patty Murray, Katherine Clark, Paige Connell, She's, Kaitlin Peterson, Jimmy Gomez Organizations: Rescue, Service, Democratic, Century Foundation, unsustainably, Department of Labor, ARPA, Congressional, Caucus Locations: Wall, Silicon, Washington, Massachusetts, Denver, Jimmy Gomez of California
Sanders wants to expand the estate tax to 45% on estates worth at least $3.5 million. The amount exempted from estate tax essentially doubled under Trump's 2017 tax legislation. Sanders, alongside Sen. Elizabeth Warren and Rep. Jimmy Gomez, is introducing new legislation targeting heirs who receive over $3.5 million. The Tax Policy Center similarly found that fewer than 0.1% of people who would die in 2020 would owe estate tax. However, like Sanders' previous attempts to hike taxes on the rich, the proposal is unlikely to make it far.
Some GOP lawmakers have been seen wearing lapel pins in the shape of miniature AR-15 rifles. One Democratic congressman said that wearing the pins "isn't the flex you think it is." download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyRecently, Republican members of Congress, Rep. George Santos and Rep. Anna Paulina Luna have been spotted wearing lapel pins resembling miniature AR-15 rifles. The mystery of the lapel pins has now been solved. Republican Rep. Andrew Clyde from Georgia owns a gun store and has now taken responsibility for handing them out.
A group of House Democrats just established the "Dads Caucus" to push for reforms. They want to expand parental leave, the child tax credit, and childcare funding to help working families. Last Thursday, House Democrats launched the Congressional Dads Caucus, a group that says it will advocate for legislation that includes guaranteed paid parental leave, the expansion of the child tax credit, and universal childcare. The US is the only industrialized country that doesn't require employers to offer paid parental leave, and only 25% of workers have access to it, according to Bureau of Labor Statistics data. The expanded child tax credit passed in the American Rescue Plan, which offered monthly payments to parents between March and December of 2021, helped reduce the child poverty rate to historic lows.
A group of House Democrats announced Thursday they were forming the Congressional Dads Caucus to focus on family issues. "Why am I, a father, getting praised for doing what mothers do every single day, which is care for their children?" The lawmaker dads were joined at the news conference by Rep. Rashida Tlaib, D-Mich., a member of the Moms in the House Caucus. Another member of the Congressional Dads Caucus, Rep. Andy Kim, D-N.J., said all those issues became more real to him when he became a father. Other members of the caucus include Reps. Dan Goldman and Jamaal Bowman of New York, Joe Neguse of Colorado and Joaquin Castro of Texas.
Rep. Jimmy Gomez, D-Calif., knew things could go awry during the House speaker vote on Tuesday. It was new for Gomez’s family members, who had plans to watch Gomez be sworn in for a fourth term and then tour the nation’s capital. “But that took another 30 minutes.”Gomez had planned on being on the House floor at 11:30 in the morning. “In the end, we have to normalize dads taking their kids with them, be it stay-at-home dads or working dads,” Gomez says. I mean, babywearing is cool now!”On Wednesday, Gomez and his family, along with Hodge, returned to the House floor as Republican members tried again to elect a speaker.
Then just days later, a gunman entered the city’s sole LGBTQ dance club, killing five people and injuring 19 others. Colorado Springs has long been considered a stronghold of evangelism, an identity of Christianity that has a history of opposing LGBTQ equality. The city has very few spaces where its LGBTQ people say they feel a sense of freedom and acceptance. Christopher Aaby, 39, moved to Colorado Springs when he was about 6. Jimmy Gomez-Beisch, 40, a gay burlesque dancer who was born and raised in Colorado Springs, struck a more hopeful tone for the community’s future.
In a letter, 58 members of Congress said any corporate tax breaks should be coupled with extended credits for families. The expanded Child Tax Credit and Earned Income Tax Credit both drastically decreased poverty during the pandemic. However, monthly CTC checks to parents wound down last year amid disagreements in Congress. That includes bringing back more generous monthly Child Tax Credit checks and extending the expanded Earned Income Tax Credit, a suite of new tax measures that drastically reduced poverty after being included in President Joe Biden's initial stimulus package. However, Congress failed to renew the child tax credit when negotiations over the Build Back Better Act stalled, leaving some families struggling after the monthly checks ended in December 2021.
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