Growing
up in which state gives kids the best shot at becoming an inventor?
Of
the 7,473 people answered last week’s newsletter poll, 26% guessed
correctly: Minnesota.
Why not celebrate with a can of Spam, which was
invented in — where else — Minnesota.
In a 2017 Opportunity Insights study that looked at people born
between 1980 and 1984 (aka elder millennials), one of the strongest
predictors of becoming an inventor is growing up near inventors. And
Minnesota is home to many more inventions than Spam, including the
implantable pacemaker, Scotch Tape, Nerf balls, prosthetic heart valves,
and microwave popcorn.
Kids born to inventor parents were about nine times more likely to become an inventor than other children were.
Men were, on average, 4.5 times more likely to become inventors than
women. But the gap narrowed when girls grew up around female inventors.
Inventing tended to skew towards the affluent. Kids from the top 1%
of household income were six times more likely to become inventors than
kids from middle-income families.
Your
bank account might already know this, but we’re in the throes of the
winter holiday season.
According to the Census Bureau’s Monthly Retail
Trade Report, spending is up: retail spending in December 2024 was the
highest ever recorded (after, of course, adjusting for inflation). Let’s unwrap those numbers.
In December 2024, retail spending was over $600 billion (around
$1,766 per person), up from the estimated $541.87 billion spent in
November 2024.
Even though overall spending has increased, December’s share of
annual retail spending has dipped: December 2024 retail accounted for
9.8% of all 2024 retail spending, compared to 10.3% in 2014 and 10.8% in
2004.
Americans spend around 19% more in December than the second-highest month of spending: November.
February is usually the lowest-sales month of the year, and sales
increase incrementally from September to November. However, sales
increased 18.5% from November to December.
Washington state’s governor made an emergency declaration in response to storms and severe flooding last week. See how many disasters are declared in the US and your state.
The Federal Reservelowered interest rates by a quarter of a percentage point on Wednesday.
Last week, health officials in South Carolina confirmed 27 new measles cases
in an outbreak. Over 100 cases have been reported in the state in
recent months.
Cities along the Arizona-Utah border have recently
reported more than 200 confirmed cases. Here’s the latest data on measles cases in the US.
US Border Patrol detected about 8,400 attempted crossings in September 2025, 84.4% fewer than in September the year prior.
These attempted crossings, sometimes called “encounters,” are
instances in which the Border Patrol apprehended or expelled someone
attempting to illegally enter the US between official entry ports.
This
number does not represent individual people, as someone may be counted multiple times if they try to cross the border several times.
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