LaTonya Mullins-Mobley was surfing the web for Arizona Cardinals gear when she stumbled across an ad for Temu, the Chinese online-marketplace app known for ultra-discounts. She couldn’t believe the low prices.

These days, Mullins-Mobley, who is 53 and works for a cellphone carrier, jokes that she’s “having an affair” with the app. She buys clothing, including T-shirts with Bible quotes for her daughter. She started a sunglasses company, picking up pairs from Temu for $3 and selling them for around $15.

Her 19-year-old-daughter, Angeline Mobley, isn’t impressed. 

Amanda Singleton had just gotten married and bought her first home when her mom was diagnosed with brain cancer. Essentially overnight, she went from being a 30-year-old just starting a new phase of her life to being a 24-hour caregiver. “My mom couldn’t walk, she couldn’t talk, she couldn’t eat,” Singleton said.

Countries with more baby boomers who say they believe in God as described in “holy scriptures” (including the Bible, the Quran, and the Torah) are less likely to have members of Gen Z who do.

But countries with fewer boomers who hold this belief are more likely to have members of Gen Z who do.

The average age of incoming C.E.O.s is around 54. While American government remains squarely in the hands of baby boomers — and while its leadership, at least in certain branches, becomes noticeably older — corporate boardrooms are undergoing a transition. It’s Gen X’s moment, that generation most known for being crowded out of sweeping cultural age analyses by millennials on one end and boomers on the other.

Or as Patton Oswalt, a Gen X comedian, put it: “Gen X is trending, which probably means that, uh … eh, whatever. Nevermind.”

What explains this year's pop in consumer spending? Boomers might be at least partially to blame.

The big picture: Social security recipients (of which retirees make up an overwhelming share) received an 8.7% cost-of-living adjustment this year — the single-largest increase in more than four decades. That is helping support spending, according to new research from Bank of America.

Driving the news: The bank's card spending data shows faster spending growth this year among households more likely to receive those payments, relative to those that don't.

Washington insider David Gergen, who has worked for four presidents on both sides of the aisle, says it's time for the current generation of political leaders to step aside. Gergen talks about the current state of national politics and his new book, "Hearts Touched With Fire: How Great Leaders Are Made" (published by Simon & Schuster, a division of Paramount Global), in an interview with Robert Costa for "CBS Sunday Morning," to be broadcast Sunday, May 8 on CBS and streamed on Paramount+. 

For many Americans, one result of the pandemic is a changing calculus for retirement. Some boomers are exiting careers sooner than they expected – yet other workers face a tougher climb to be financially ready.

When she turned 65, Wendy Northcross knew she wasn’t ready to retire. When the coronavirus hit a year later, she told the board of the Cape Cod Chamber of Commerce that she’d stay on as CEO until the pandemic was over.

Then came the 20-hour workdays as local business owners flooded in, looking for ways to stave off bankruptcy.

It probably won’t take a great deal of persuasion to convince investors that there’s an “age of disorder.”

That’s the title of a new Deutsche Bank research note, which says the world is entering its sixth distinct era of modern times.

WASHINGTON (Reuters) - U.S. President Donald Trump rolled out an eye-catching statistic in his State of the Union address Tuesday: the wealth held by the poorest half of American households increased three times as fast as the wealth held by the “1%” since he became president.

That’s true, according to Federal Reserve data.

On average, Americans have seen a 17% jump in household wealth since Trump’s election, while wealth at the bottom half has increased 54%.

This Abridge News topic aggregates four unique arguments on different sides of the debate. Here are the quick facts to get you started:

THE QUICK FACTS