Billionaire Ray Dalio thinks universal basic income is no magic wand — and may even do more harm than good

Tech Insider : Economy, Economy
ray dalio
Ray Dalio founded Bridgewater Associates.

Brian Snyder/Reuters

Some boomers aren't waiting to die to pass on their wealth — their millennial kids need it now

Tech Insider : Economy
Older couple walks on beach holding ice cream cones
Some boomers are passing on their wealth to their kids as a kind of proactive inheritance.

FatCamera/Getty Images

A second Trump term would be 'chaos' for student loan borrowers

Tech Insider : Economy, Politics
Donald Trump, wearing a red MAGA hat, speaks at a podium during a rally.
Former President Donald Trump speaks at Greenbrier Farms in Chesapeake, Virginia, on June 28, 2024.

Billy Schuerman/The Virginian-Pilot/Tribune News Service via Getty Images

A California city is giving new parents $500 a month. It's one of a growing number of basic income pilots focused on families.

Tech Insider : Economy, Economy, Politics
A mother holding her baby.
Pomona, California is $500 a month to parents with children under 4 years old.

d3sign / Getty Images

Gen Zers are relying on the Bank of Mom and Dad way past college

Tech Insider : Economy
Illustration of parents holding up a bridge for their child.
Parents are financially supporting their adult children well into their 20s. In a tough economy, Mom and Dad are the new safety net.

Rob Dobi for BI

A New York City Airbnb host was shut down under the short-term rental law. He's now renting his basement illegally on Facebook and making crucial income after he was laid off.

Tech Insider : Economy
Row houses in Queens, New York.
Row houses in Queens, New York.

Lindsey Nicholson/Getty Images

Massive drought in Italy threatens to destroy Sicilian tourism

Tech Insider : Travel, Economy
An aerial view of Lake Pergusa, Sicily's only natural lake, now almost dried up and reduced to a pool of mud.
Lake Pergusa, Sicily's only natural lake has almost dried up due to an increasingly dramatic drought emergency in Sicily.

Fabrizio Villa via Getty Images

A basic income program helped me get back on my feet. Now I am an activist in my community and can afford to give back.

Tech Insider : Economy
Hope Davis stands in a garden with a plant.
A basic income allowed Hope Davis to get back on her feet and give back to her community.

Courtesy of Hope Davis.

6 charming places in Europe that will pay you to move there

Tech Insider : Travel, Economy
View of colorful buildings in Bosa in Sardinia, Italy. Aerial view of colorful houses in Bosa village, Sardegna.
Sardinia, Italy.

DaLiu/Getty Images

Don't let 'upflation' fool you into spending more on beauty products

Tech Insider : Economy, Economy
A shelf in a store with personal care products like shampoo, deodorant, and more.
Prices for personal care items have trailed overall inflation since 2020, despite new upflated razor and shampoo products.

Hitra/Getty Images

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