🎙️ Thanks, Big Tech

[5 minutes to read] Plus: The case against target-date funds

By Matthew Gutierrez and Shawn O’Malley

👨‍🎓 Despite soaring student loans, artificial intelligence, and falling confidence in the value of a college education, it still pays to get a degree.

As shown below, the wage gap between college and high school grads keeps widening. Even those who attend college but don’t graduate earn more over a lifetime than people who don’t go to college at all.

“We’re in an economy that puts a premium on high skill, knowledge, idea generation,” noted one New York Fed official.

— Matthew & Shawn

Here’s today’s rundown:

Today, we'll discuss the biggest stories in markets:

  • Booming markets in a post-ZIRP era

  • The case against target-date funds

This, and more, in just 5 minutes to read.

POP QUIZ

Rolex has “unprecedented” dominance over the luxury watch market. What’s its market share? (The answer is at the bottom of this newsletter!)

Chart of the Day

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