NEW YORK (AP) — Barbara Goldberg brings a stack of newspapers to the office every day. The CEO of a Florida public relations firm scours stories for developments relevant to her clients while relishing holding the pages in her hand. “I want to touch it, feel it, turn the page and see the photos,” Goldberg said.

Generation Z employees at O’Connell & Goldberg don’t get her devotion to newsprint when so much information is available online and constantly updated, she said. They came of age with smartphones in hand. And they spot trends on TikTok or Instagram that baby boomers like Goldberg might miss, she said.

The staff’s disparate media consumption habits become clear at a weekly Monday staff meeting. It was originally intended to discuss how the news of the day might impact the firm’s clients, Goldberg said. But instead of news stories, the conversation often turns to the latest slang, digital tools and memes.

The first time it happened, she listened without judgment, and thought, “Shoot, this is actually really insightful. I need to know the trending audio and I need to know these influencers.” Of her younger colleagues, she said, “they know the cultural conversation that I wasn’t thinking about.”

With at least five generations participating in the U.S. workforce, co-workers can at times feel like they speak different languages. The ways people born decades apart approach tasks may create misunderstandings. But some workplaces are turning the natural divides between age groups into a competitive advantage through reverse mentoring programs that recognize the strengths each generation brings to work and uses them to build mutual skills and respect.

Unlike traditional mentorships that involve an older person sharing wisdom with a younger colleague, reverse mentoring affords less experienced staff members the opportunity to teach seasoned colleagues about new trends and technologies.

“The generational differences, to me, are something to leverage. It’s like a superpower,” Goldberg said. “It’s where the magic happens.”

Here are some ways to make the most of a multigenerational workplace.

Mentoring up

Beauty product company Estée Lauder began a reverse mentoring program globally a decade ago when its managers realized consumers were rapidly getting beauty tips from social media influencers instead of department stores, said Peri Izzo, an executive director who oversaw the initiative.

The voluntary program now has roughly 1,200 participants. The mentors are millennials, born 1981 to 1986, and Gen Zers, born starting in 1997. They’re paired with mentees who are part of the U.S. baby boom of 1946 to 1964, and members of Generation X, born 1965 to 1980, according to the generational definitions of the Pew Research Center.

At the start of a new mentoring relationship, participants do icebreaker activities like a Gen Z vocabulary quiz. The young mentors take phrases they use with friends in group chats and quiz older colleagues about what they mean, said Izzo, who at age 33 qualifies as a young millennial. For example, if a Gen Zer says something is “living rent-free in your head,” it refers to someone or something that constantly occupies your thoughts.

“Most of the mentees knew what it was, but then one mentee’s reaction was, ‘Oh I get it, my son lives rent-free in my house,’ and everyone thought it was so funny because they were like, ‘You really don’t understand the context that it’s being used on TikTok and amongst millennial and Gen Z,’” Izzo said.

Madison Reynolds, 26, a product manager on the technology team at Estée Lauder, is a Gen Zer and serves as a reverse mentor in the program. She and her contemporaries teach their older colleagues phrases such as “You ate it up,” which means you did a good job. When her manager tries out Gen Z phrases, Reynolds offers feedback, saying, “No, that’s not right,” or “You got it.”

Give and take

When 81-year-old hotelier Bruce Haines brought in athletes from Lehigh University’s wrestling team to participate in a mentorship program at the Historic Hotel Bethlehem in Pennsylvania, he taught them about entrepreneurship by having the students shadow managers in various departments. He also gained valuable marketing insights from the students, which he hadn’t anticipated.

“It’s been energizing for me. It’s almost reinvigorating,” Haines, the hotel’s managing partner, said. “We tended to be Facebook-focused. We’re a luxury destination hotel, so we tend to be an older crowd that we’re reaching. They enhanced our marketing by alerting us that we need to be on Instagram and YouTube and get out there and reach the younger people.”

The students also suggested offering prepackaged pints of ice cream to the hotel’s in-house parlor because their contemporaries didn’t want to wait around for cones. “We were really missing out, and it’s truly increased our ice cream sales and our profitability,” Haines said.

Old-fashioned people skills

Carson Celio, 26, is an account supervisor at the PR firm Goldberg leads. She’s part of the cohort that advises the CEO about what’s trending on TikTok and what’s over with. She says Goldberg has taught her how to successfully work a room and spark conversations that feel natural and organic.

Celio was a sophomore in college when COVID-19 hit, which pushed most of her classes online, including a public speaking course. “We have spent so much time online and conducting meetings over Zoom or Teams.” As a result, in-person networking can feel overwhelming to her generation, she said. “Learning the value of actually being face to face with people and building those connections — Barbara has helped me a lot with that.”

A text or a tome

At Harvard Medical Faculty Physicians, a medical group that employs 2,400 doctors in eastern Massachusetts, Dr. Alexa B. Kimball adapts her communication style to a range of age groups. Some mature clinicians send very long emails, which can be unproductive.

“When you have an email conversation that’s in its 15th response, that tells you you should pick up the phone,” Kimball, the group’s CEO, said. On the other extreme, some of the youngest trainees communicate with six-word texts, she said.

A reverse mentoring program that teachers doctors about different communication styles helped when the practice launched a new medical records system that required 14 hours of training. Following the training, Kimball paired workers with more tech-savvy colleagues, who tended to be younger, to provide support.

Phased retirement

Robert Poole, 62, is the only person at health care technology company Abbott who manages the laser used to create nearly microscopic components of a cardiovascular device. Since he’s approaching retirement, Abbott hired Shahad Almahania, 33, an equipment engineer, to work alongside him and absorb some of his decades of knowledge.

“The equipment is all custom, so it takes a long time to learn how to run it and keep it running,” Poole said.

Poole, who began working in the 1980s, said he also learns from Almahania. When Abbott removed landline telephones five years ago, he migrated to group chats like Slack, asking her for help deciphering the meaning of emojis.

“When you strip away all the generational stereotypes, … every age group, every person, is looking for some of the same things,” said Leena Rinne, vice president at online learning platform Skillsoft. “They want supportive leadership. They want the opportunity to grow and to contribute in their workplace. They want respect and clarity.”

Share your stories and questions about workplace wellness at cbussewitz@ap.org. Follow AP’s Be Well coverage, focusing on wellness, fitness, diet and mental health at https://apnews.com/hub/be-well

Space-themed Lego models — rotating ride vehicles that are customized by passengers and a next-generation animatronic named Biff Dipper — are prominent parts of the indoor coaster.

Near the entrance is a brick-by-brick and way-bigger-than-life model of Lego set 918, a spaceship introduced in 1979.

It’s “a classic ship, but it’s got some extra flourishes that you only really find in the Legoland park,” says Rosie Brailsford, senior project director for Merlin Magic Making, the creative arm of Merlin Entertainments.

About four years ago, Brailsford was instructed to work with Lego Group to develop an attraction that would work on a global platform, she says.

“They have a line, kind of from the ’70s and various different iterations of that, which is what you will find in Lego Galaxy,” she says. “So, it’s kind of a merge of past and present and opportunity for future iterations as well.”

Brailsford guided the Orlando Sentinel on an exclusive walk-through — no riding yet — of the attraction, which opens to the public Feb. 27.

What’s outside

The new coaster is on the site of the Flying School ride that was closed in August 2023. The exterior queue looks down at the park’s Driving School attraction. There are two entrances, including one from Legoland’s water park.

The spaceship is surrounded by Lego characters, including photo opportunities. The Alien Tourist figure — outfitted in a floral shirt, red shorts, aqua hat and big old-school camera — takes snaps of a green and antennaed alien family. A Duplo play area dubbed Tot Spot and designed for the youngest visitors, includes a Lego Shuttle. (A shade structure is being added.) Nearby are large Lego space flowers and a robot dog.

Early on, potential riders meet Capt. Olivia on screen.

“She’s welcoming you to the Lego Galaxy, telling you about a little snippet of the mission that you’re going to go on,” Brailsford says.

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A large screen televises a 10-minute loop of details about what’s coming up.

“There are little moments of backstory here, so that if you are milling around in the land, you’ve already started to absorb in your subconscious what’s going on,” Brailsford says.

What’s going on? In the Galacticoaster universe, they are bracing for “the asteroid of probable destruction.”

What’s inside

The front lobby features a large blocky version of the Lego Galaxy logo, which is a bit interplanetary and a bit NASA meatball. Below it are actual assembled Lego models on display, some of which are vintage and difficult to find, Brailsford says.

A series of halls and customized posters lead to a big Briefing Room with animatronic Biff Dipper, the chief engineer. He’s about 4 feet tall and standing on an elevated platform. His arms, legs and head move, and his face is animated below the visor of his space helmet. He greets future riders — there can be as many as 80 people in the room — and explains the goal. It’s us versus the asteroid.

“Most of our minifigures in our Legoland are static, smooth minifigures. … Biff is essentially next generation of how we want to do that on a show basis,” Brailsford says. They partnered with Engineered Arts of Cornwall, United Kingdom, to create this figure, which sports 45 facial animations, Legoland says.

Merlin is “working really closely with Lego to make sure all of that motion that they do is true to how a minifigure would move, and we’re not just making them do random things,” she says.

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Other on-screen characters give ride instructions and advance the storyline of how to deal with that asteroid. Plans A and B (one involving a giant net) were flops, and they need help with Plan C. It involves “separator swarms.”

The room includes interesting visuals such as a blueprint for vehicle options and a sign that reads “Interested in time travel? Meet here last Monday, 2 p.m.”

From here, Biff sends riders into a room where ride vehicle options are selected. Riders pick design features for wings, tail, nose and such. The choices range from practical to fanciful — add-ons such as hamburger wings and disco balls. The console allows 15 seconds for each selection, and then the total look is uploaded onto an RFID-enabled bracelet. There are more than 600 possible combinations.

The idea, we’re told, is to make the spacecraft “so awesome that it grabs the separators’ attention like nothing else.” Also, don’t let them catch you.

Next stop: the Galacticoaster loading bay.

The ride stuff

Passengers navigate a moving sidewalk to the in-real-life vehicles, which seat four passengers across and have lap bars that lower from overhead.

The ride moves into an airlock space, and there “you’ll see yourself in your awesome creation,” Brailsford says. You’ll linger for about 10 seconds, “then you will launch, up to 40 miles an hour, off on your adventure,” she says.

“And you have your kind of save-the-day moment on the ride.”

The Sentinel walk-through did not include a ride-through. Brailsford said the experience is smooth and the launch makes it punchy, probably more intense than the Dragon coaster, its Legoland Florida sister attraction. The height requirement is 36 inches for riders accompanied by an adult. Unaccompanied visitors must be at least 48 inches tall.

“It’s not like terrifying or anything, but being indoors, we do feel like they’ll get a little bit more of that thrill factor as well,” she says. “Because it’s dark, you don’t necessarily quite know where you’re going.”

The spinning is programmed, she said. “It’s not like a free spinning.”

Legoland’s website says to expect “Special effects, synchronized lighting and surprise appearances from classic Lego Space characters.”

Ride time is about 1 minute and 30 seconds, and, per theme park tradition, the exit is through the gift shop (official name: Orbital Outpost).

Another Galacticoaster is under construction that’s set to open March 6 at Legoland California, and, in theory, there could be more. There are also Legoland theme parks in New York, the United Kingdom, Denmark, Germany, Malaysia, Dubai, Japan, South Korea and China.

“We have, like, a base story and land concept that we can adjust and tweak if we were to roll a version of it out,” Brailsford says. “It might not necessarily be this ride. It might be a different ride with another story from the world.”

Email me at dbevil@orlandosentinel.com. BlueSky: @themeparksdb. Threads account: @dbevil. X account: @themeparks. Subscribe to the Theme Park Rangers newsletter at orlandosentinel.com/newsletters.

WASHINGTON (AP) — President Donald Trump wants to keep home prices high, bypassing calls to ramp up construction so people can afford what has been a ticket to the middle class.

Trump has instead argued for protecting existing owners who have watched the values of their homes climb. It’s a position that flies in the face of what many economists, the real estate industry, local officials and apartment dwellers say is needed to fix a big chunk of America’s affordability problem.

“I don’t want to drive housing prices down. I want to drive housing prices up for people that own their homes, and they can be assured that’s what’s going to happen,” Trump told his Cabinet on Jan. 29.

That approach could bolster the Republican president’s standing with older voters, a group that over time has been more likely to vote in midterm elections. Those races in November will determine whether Trump’s party can retain control of the House and Senate.

“You have a lot of people that have become wealthy in the last year because their house value has gone up,” Trump said. “And you know, when you get the housing — when you make it too easy and too cheap to buy houses — those values come down.”

But by catering to older baby boomers on housing, Trump risks alienating the younger voters who expanded his coalition in 2024 and helped him win a second term, and he could wade into a “generational war” in the midterms, said Brent Buchanan, whose polling firm Cygnal advises Republicans.

“The under-40 group is the most important right now — they are the ones who put Trump in the White House,” Buchanan said. “Their desire to show up in an election or not is going to make the difference in this election. If they feel that Donald Trump is taking care of the boomers at their expense, that is going to hurt Republicans.”

The logic in appealing to older voters

In the 2024 presidential election, 81% of Trump’s voters were homeowners, according to AP VoteCast data. This means many of his supporters already have mortgages with low rates or own their homes outright, possibly blunting the importance of housing as an issue.

Older voters tend to show up to vote more than do younger people, said Oscar Pocasangre, a senior data analyst at liberal think tank New America who has studied the age divide in U.S. politics. “However, appealing to older voters may prove to be a misguided policy if what’s needed to win is to expand the voting base,” Pocasangre said.

Before the 2026 elections, voters have consistently rated affordability as a top concern, and that is especially true for younger voters with regard to housing.

Booker Lightman, 30, a software engineer in Highlands Ranch, Colorado, who identifies politically as a libertarian Republican, said the shortage of housing has been a leading problem in his state.

Lightman just closed on a home last month, and while he and his wife, Alice, were able to manage the cost, he said that the lack of construction is pushing people out of Colorado. “There’s just not enough housing supply,” he said.

Shay Hata, a real estate agent in the Chicago and Denver areas, said she handles about 100 to 150 transactions a year. But she sees the potential for a lot more. “We have a lack of inventory to the point where most properties, particularly in the suburbs, are getting between five and 20 offers,” she said, describing what she sees in the Chicago area.

New construction could help more people afford homes because in some cases, buyers qualify for discounted mortgage rates from the builders’ preferred lenders, Hata said. She called the current situation “very discouraging for buyers because they’re getting priced out of the market.”

But pending construction has fallen under Trump. Permits to build single-family homes have plunged 9.4% over the past 12 months in October, the most recent month available, to an annual rate of 876,000, according to the U.S. Census Bureau.

Trump’s other ideas to help people buy houses

Trump has not always been against increasing housing supply.

During the 2024 campaign, Trump’s team said he would create tax breaks for homebuyers, trim regulations on construction, open up federal land for housing developments and make monthly payments more manageable by cutting mortgage rates. Advisers also claimed that housing stock would open up because of Trump’s push for mass deportations of people who were in the United States illegally.

As recently as October, Trump urged builders to ramp up construction. “They’re sitting on 2 Million empty lots, A RECORD. I’m asking Fannie Mae and Freddie Mac to get Big Homebuilders going and, by so doing, help restore the American Dream!” Trump posted on social media, referring to the government-backed lenders.

But more recently, he has been unequivocal on not wanting to pursue policies that would boost supply and lower prices.

In office, Trump has so far focused his housing policy on lobbying the Federal Reserve to cut its benchmark interest rates. He believes that would make mortgages more affordable, although critics say it could spur higher inflation. Trump announced that the two mortgage companies, which are under government conservatorship, would buy at least $200 billion in home loan securities in a bid to reduce rates.

Trump also wants Congress to ban large financial institutions from buying homes. But he has rejected suggestions for expanding rules to let buyers use 401(k) retirement accounts for down payments, telling reporters that he did not want people to take their money out of the stock market because it was doing so well.

There are signs that lawmakers in both parties see the benefits of taking steps to add houses before this year’s elections. There are efforts in the Senate and House to jump-start construction through the use of incentives to change zoning restrictions, among other policies.

One of the underlying challenges on affordability is that home prices have been generally rising faster than incomes for several years.

This makes it harder to save for down payments or upgrade to a nicer home. It also means that the places where people live increasingly double as their key financial asset, one that leaves many families looking moneyed on paper even if they are struggling with monthly bills.

There is another risk for Trump. If the economy grows this year, as he has promised, that could push up demand for houses — as well as their prices — making the affordability problem more pronounced, said Edward Pinto, a senior fellow at the American Enterprise Institute, a center-right think tank.

Pinto said construction of single-family homes would have to rise by 50% to 100% during the next three years for average home price gains to be flat — a sign, he said, that Trump’s fears about falling home prices were probably unwarranted.

“It’s very hard to crater home prices,” Pinto said.

Colorado’s labor force shrank 0.6% year-over-year last month, a monthly decline matching the pace seen during the Great Recession. After flatlining in August, the labor force, those working or looking for work, has been retreating since September. For the year, 20,280 people vanished from its ranks, mostly in the fourth quarter.

That has never happened outside a severe recession or economic shock like the COVID-19 pandemic.

From April 2020 to March 2021, workers removed themselves from the labor force in record numbers. Giving up a paycheck to avoid landing on a respirator seemed like a fair trade-off to many older workers during the pandemic. The defections were unprecedented, triggering a 3.4% drop in the labor force in July 2020. But they were short-lived. People returned once restrictions eased and vaccines became available.

Another 12-month stretch of a draining labor pool occurred from September 2009 to August 2010 during the housing crash and Great Recession. People couldn’t easily replace the jobs they lost. Many gave up trying. That contributed to annual declines of 0.7% and 0.6% during the worst months.

The mother of all Colorado labor force deflations happened from July 1985 to June 1989. It started during a severe oil and gas downturn, which was followed by a lending crisis, which was followed by a collapse in commercial real estate and home values. It was such an ugly period economically that companies and people packed their bags and left the state in droves.

The year-over-year drops reached a high of 0.9% and 0.8% in 1989, but most months ran lower, with some positive months mixed in. But all those Colorado natives kept graduating from high school and college. The unemployment rose to as high as 8.4% in December 1985 and January 1986. The workers who stayed gutted it out. Better times returned in the 1990s.

There is no health crisis keeping people home, no recession triggering major layoffs and no collapse in a pillar of the state economy. So what might be driving the decline in the number of workers?

The easy out is to blame statistical noise. The household survey — used to determine the size of the labor force and the unemployment rate — is subject to revisions. The federal government shutdown in October might have mucked things up. Below-average snowfalls might have reduced demand for resort workers. The list goes on.

But the decline is large and accelerating, and it started before the shutdown. It likely reflects a real shift, said Brian Lewandowski, executive director of the Business Research Division at the Leeds School of Business at the University of Colorado Boulder.

“I think the current softening could be a mixture of both the market (demographics) and policy,” he said.

One demographic piece involves more workers retiring. The mirror doesn’t lie. Colorado’s population is getting older. The long-predicted silver tsunami may finally be sucking workers out of the labor pool. But aging is a slow-moving trend, not akin to an earthquake.

Migration is a more plausible force behind what is happening. Colorado lost 12,100 more people than it gained from other states in the year through June 30, according to a population update Tuesday from the U.S. Census Bureau.

That trend may have accelerated in the second half of the year based on what is happening to the labor force. Colorado’s net domestic migration is down sharply since the pandemic. Blame higher housing costs and fewer job opportunities. More longtime residents appear to be picking up and moving out. Last year, Colorado became one of five states with significantly more outbound than inbound moves, according to a survey by United Van Lines.

From the reopening of the economy following the pandemic through 2024, Colorado saw big increases in the number of people arriving from other countries. Migration to Colorado historically has been 80% domestic and 20% international. That ratio flipped this decade, according to the State Demography Office.

In the 12 months through June 30, the state’s net international migration of 15,356 was enough to offset the loss of 12,100 domestically last year. The combined number was weak, but it wasn’t negative. For the last several years, it appears international migration helped mask the weakness the state was facing on the domestic side.

And the mask has been removed. This is where policy shock comes into play.

Voters, upset with the immigration surge and inflation, elected Donald Trump to office. His administration has moved quickly to shut down flows across the border and remove illegal immigrants. The administration has also tightened down on legal channels of immigration, requiring more vetting and in-person interviews, delaying application processing and even reversing earlier green card approvals.

“The slowdown in U.S. population growth is largely due to a historic decline in net international migration, which dropped from 2.7 million to 1.3 million in the period from July 2024 through June 2025,” said Christine Hartley, assistant division chief for Estimates and Projections at the Census Bureau, in a news release Tuesday. “With births and deaths remaining relatively stable compared to the prior year, the sharp decline in net international migration is the main reason for the slower growth rate we see today.”

Lewandowski notes that the labor force shrank in a dozen states in December, and 19 states had growth rates below 1%. Wyoming led the country on the downside with a 2.5% decline. Vermont and Wisconsin also dropped more than 2%. Illinois, Virginia and Connecticut had declines above 1%.

“I certainly think the lack of international migration has to be playing a role as we don’t have replacements,” said Richard Wobbekind, a senior economist with the Business Research Division, of the shrinking labor force.

More older workers are retiring each year. Years of a subdued birth rate mean fewer young adults are entering the workforce. Colorado has become less attractive to young adults living in other states, and with each passing year, there are fewer of them to recruit. Now immigration has been throttled.

That may explain why the state’s unemployment rate has managed to drop significantly despite fairly weak job growth. It fell from 4.6% a year ago to 3.8%. Normally, a falling unemployment rate is associated with a strong job market. But job gains are a little over a third of their historical pace since 1990. The last two years have been the weakest outside of a recession.

Over the past year, nonfarm payrolls increased by 23,000, with 18,900 of those jobs coming in the private sector and governments adding 4,100 jobs, according to the December employment report from the Colorado Department of Labor and Employment.

That is only a little better than the 22,100 jobs added in 2024. The pace of hiring, at 0.8%, is one of the slowest outside the last three recessions, but it was double the U.S. rate of 0.4%.

Job growth was enough to push the number of nonfarm workers in the state above 3 million for the first time, according to the report. The U.S. Census Bureau estimated that as of June 30, the state’s population had crossed 6 million people. One out of every two residents in the state is collecting a paycheck from an employer who pays premiums for unemployment insurance.

A little over two-thirds of residents over age 16 in Colorado, 66.9% to be precise, described themselves as working or actively looking for work in December. That ratio, called the state’s labor force participation rate, has been falling for two years and is now at its lowest level since October 2020. It remains one of the highest rates in the country.

Wobbekind said he doesn’t think the drop in participation explains the shrinkage of the workforce. People aren’t dropping out like they tend to do during a downturn.

Instead, the big drop in migration, both domestic and international, might be influencing the share of the overall population that is in the prime working age range. And if working-age adults are leaving, that might explain why the labor force is shrinking.

WASHINGTON (AP) — Looking back on the first year of his second term, President Donald Trump boasts that he has resurrected the American economy by imposing big import taxes on foreign products.

He made his case in a recent opinion piece in The Wall Street Journal, chiding the paper and critics, including mainstream economists, who predicted that tariffs would backfire, raising prices and threatening growth. “Instead,” the Republican president wrote, “they have created an American economic miracle.”

But the proof he offers is often off-base or wrong altogether.

Here’s a look at the facts around Trump’s assessment of tariffs:

CLAIM: “Just over one year ago, we were a ‘DEAD’ country. Now, we are the ‘HOTTEST” country anywhere in the world!’ ’’

THE FACTS: This is a standard statement from Trump. But the U.S. economy was hardly “dead’’ when Trump returned to office last year. And in Trump’s second term, it’s performed strongly — after getting off to a bumpy start.

In 2024, the last year of the Biden presidency, American gross domestic product grew 2.8%, adjusted for inflation, faster than any wealthy country in the world except Spain. It also expanded at a healthy rate from 2021 through 2023.

The numbers for all of 2025 aren’t out yet. But during the first three quarters of the year, Trump’s tariffs — or the threat of them — delivered mixed results for the American economy.

From January to March, U.S. GDP actually shrank for the first time in three years. The main culprit was easy to identify: a surge in imports, which are subtracted from GDP, as American companies rushed to buy foreign products before Trump could impose tariffs on them.

But growth rebounded in the second half of the year. From April through June, the economy expanded at a healthy 3.8% pace. And from July through September, it grew even faster — 4.4%. A big part of the surge was a drop in imports, likely reflecting Trump’s tariffs as well as the fact that importers had already stocked up at the start of the year. Strong consumer spending also drove economic growth.

Trump also likes point to solid gains in the U.S. stock market. He noted that stocks hit new highs 52 times in 2025. It’s true that the American stock market did well last year. But it underperformed many foreign stock markets. The benchmark S&P 500 index climbed 17% — a nice gain but short of a 71% surge in South Korea, 29% in Hong Kong, 26% in Japan, 22% in Germany and 21% in the United Kingdom.

CLAIM: “Annual core inflation for the past three months has dropped to just 1.4% — far lower than almost anyone, other than me, had predicted.”

THE FACTS: The president is using cherry-picked data to vastly exaggerate where inflation stands.

His figure for annual inflation in the past three months — which excludes the volatile food and energy prices — is low, but reflects data distorted by the government shutdown in October and November, which disrupted the government’s data collection and forced the agency that compiles the figures to plug in rough estimates in some categories that artificially lowered overall inflation.

Annual core inflation for the final six months of 2025 is higher at 2.6%. That is down from January 2025’s level but about where it was in October 2024. Overall, inflation has leveled off this year, and was 3% in September before the government shutdown, the same as it had been in January 2025.

It’s true that inflation hasn’t been as high as many economists worried it would be when Trump started rolling out tariffs last spring, but that is partly because many of the “Liberation Day” tariffs were withdrawn, reduced or riddled with exemptions. When Democrats won some high-profile elections last year by highlighting “affordability” concerns, the administration rolled back existing or planned tariffs on coffee, beef and kitchen cabinets, for example, a backhanded acknowledgment that the duties were raising prices.

The impact of tariffs can be more clearly seen in core goods prices, which also exclude food and energy. Before the pandemic, core goods costs typically barely rose — or even fell — each year, but last December they were 1.4% higher than a year earlier. That was the largest increase, outside the pandemic, since 2011.

Alberto Cavallo, an economist at Harvard and the author of a study on the impact of tariffs cited by Trump in his op-ed, has found that Trump’s tariffs have boosted overall inflation by roughly three-quarters of a percentage point.

CLAIM: “The data shows that the burden, or ‘incidence,’ of the tariffs has fallen overwhelmingly on foreign producers and middlemen, including large corporations that are not from the U.S. According to a recent study by the Harvard Business School, these groups are paying at least 80% of tariff costs.”

THE FACTS: The study Trump cited appears to conclude the opposite of what Trump claimed. Authored by Cavallo and two colleagues, it finds that “U.S. consumers were bearing roughly 43% of the tariff-induced border cost after seven months, with the remainder absorbed mostly by U.S. firms.” Cavallo said by email that import prices hadn’t fallen much, “which suggests foreign exporters did not reduce their pre-tariff prices enough to shoulder a large share of the burden.″

CLAIM: “We have slashed our monthly trade deficit by an astonishing 77%.”

THE FACTS: This claim involves more cherry-picking, reflecting the percentage drop from a very high trade deficit in January 2025, when the president took office, to a super-low deficit in October.

The story is more complicated than the president makes it. The trade deficit — the gap between what the U.S. sells other countries and what it buys from them — has actually risen since he returned to the White House.

From January through November in 2025, the U.S. accumulated a trade deficit of nearly $840 billion, up 4% from the same period of 2024. In the first three months of 2025, importers rushed to buy foreign products — before Trump could slap tariffs on them. After that, monthly trade deficits came in consistently lower than they were in 2024. But the January-March import surge was so big that the 2025 year-to-date trade deficit still exceeds 2024’s.

CLAIM: “I have successfully wielded the tariff tool to secure colossal Investments in America, like no other country has ever seen before. … In less than one year, we have secured commitments for more than $18 trillion, a number that is unfathomable to many.’’

THE FACTS: Trump did, in fact, use the tariff threat to pry investment commitments from America’s major trading partners. The European Union, for instance, pledged $600 billion over four years.

But Trump hasn’t said how he came up with $18 trillion. The White House has published a figure of $9.6 trillion, which includes private and public investment commitments from other countries.

Researchers at the Peterson Institute for International Economics last month calculated the investment pledges at $5 trillion from the EU, Japan, South Korea, Taiwan, Switzerland, Liechtenstein and the Persian Gulf states of Saudi Arabia, Qatar, Bahrain and the United Arab Emirates.

And they raised doubts about whether the money will actually materialize, partly because the agreements are vague and sometimes because the countries would strain to afford the commitments.

But all the numbers are huge nonetheless. Total private investment in the United States was most recently running at a $5.4 trillion annual pace. In 2024, the last year for which figures are available, total foreign direct investment in the United States amounted to $151 billion. Direct investment includes money sunk into such things as factories and offices but not financial investments like stocks and bonds.

Find AP Fact Checks here: https://apnews.com/APFactCheck.

The thought of saving money may feel overwhelming, especially if you have nothing saved and struggle to afford necessities like rent and groceries.

If you don’t have a healthy emergency fund, you’re not alone. In fact, only 30% of Americans would pay a $1,000 emergency expense from savings, a recent Bankrate survey found. Other survey respondents said they’d go into debt to afford such an expense through credit cards or personal loans.

Saving certainly isn’t easy and we won’t pretend it is — but here are some practical steps you can take to get started.

1. Set clear savings goals

The key to successful saving is knowing what you’re saving for. Whether it’s an emergency fund, a down payment on a house or a dream vacation, having specific goals can keep you motivated and on track.

Start by deciding upon your savings goals, giving them names (like “new car” or “wedding”), and setting deadlines for when you want to achieve them. Then, calculate how much you need to save each month to reach your target amount by your deadline.

Your first goal should probably be to save for emergencies

Whether you’re hit with a curveball in the form of a car repair, medical bill or a job loss, having an emergency fund — with three to six months of living expenses — can help you weather financial storms without going into costly debt.

2. Create a budget that works for you

At its core, a budget is simply a plan for making sure you’re spending less than you earn. In addition to helping you pay your bills on time and cover essential expenses, a budget can help you accomplish things like saving money and paying down debt. The key is finding a budgeting method that works for your lifestyle and personality.

Popular budget methods include:

• 50/30/20 budget: To make this budget, you set aside 50% of your income to needs, 30% to wants and 20% to savings.
• Zero-based budget: This budget method assigns a purpose to every dollar of your take-home pay — which can include a category for savings.

Whatever budgeting strategy you choose to follow, it’ll involve tracking where your money goes each month. This gives you the chance to find areas to cut spending. A digital budgeting app — such as YNAB or Rocket Money — can come in handy by tracking your spending and saving automatically.

3. Tackle high-interest debt

While it might not feel like paying off debt is helping you save, eliminating costly interest charges from carrying a balance can free up money to put toward your goals.

According to a recent Bankrate survey, nearly half of American credit cardholders carry a balance from month to month, with the average APR just under 20%.

Let’s say you have a $5,000 credit card balance with a 20% APR. Even if you pay $300 per month, you’ll end up paying an extra $906 in interest before reaching a zero balance. That’s money that could be going into your savings instead.

4. Automate your savings

One of the easiest ways to save more consistently? Make it automatic. Set up recurring transfers from your checking account to your savings account each payday, so you’re saving without even thinking about it.

Many banks also offer tools like round-up programs, which automatically round your debit card purchases to the nearest dollar and transfer the spare change to your savings. Over time, those small amounts can really add up.

You can also take advantage of money-saving apps like Oportun or Qapital, which can analyze your spending habits and automatically move small amounts of money into your savings when you can afford it.

Pro tip: Use multiple savings accounts

“Opening separate savings accounts for each of your goals can help you track your progress and stay organized. Plus, you can easily shift your money to the account with the higher interest rate to maximize your earnings,” says Hanna Horvath, CFP and Bankrate Managing Editor. You can also find a savings account that lets you divvy up your savings into goals or buckets, so you can keep one savings account but track your savings goal separately. Ally Bank and SoFi Bank are two online banks that offer this feature.

5. Separate your spending and saving

If you’re just getting started with saving money, consider opening up a savings account at a different bank from where you keep your checking account. This may help to create a psychological barrier between the money you have set aside for spending versus savings, making it less likely you’ll raid your savings on a whim.

“When you open your bank account app and your checking and savings numbers are in there, you kind of add those numbers together, and you’re like, ‘Oh, that’s how much money I have to spend,’” says Pamela Capalad, a certified financial planner and owner of Get Shameless Inc. “But if your bank accounts are at separate institutions — and better yet if your savings account is a high yield savings account — it’s out of sight, out of mind and your savings will grow.”

The bottom line

Starting to save can feel daunting, but the most important thing is to just start. No amount is too small, and no goal is too insignificant. Ways to begin include setting clear goals, creating a budget, tackling debt and automating your savings. Keeping your checking and savings accounts at different banks can also help eliminate the temptation to dip into savings for nonessentials.

Everyone’s financial journey is different. Stay open to trying new savings strategies and tools until you find the ones that work best for your situation and personality.

Key takeaways

• The first step to saving is setting specific, achievable goals and tracking your progress using a digital budgeting tool, spreadsheet or pen and paper.
• Following a budget can help you identify ways you can add to savings as well as pay down debt.
• Ways to help you save more consistently include keeping your spending money separate from your savings, as well as automatically transferring money to savings each paycheck.

©2026 Bankrate.com. Distributed by Tribune Content Agency, LLC.

NEW YORK (AP) — Rent can eat up an entire paycheck at the start of the month, so a growing number of renters are turning to a financial product that promises relief by letting them split the bill — for a price.

So-called “rent now, pay later” services have emerged over the past few years as housing costs climb and paychecks grow less predictable, particularly for lower-income and gig-economy workers. According to the Bureau of Labor Statistics, rents have jumped nearly 28% in past five years.

Companies such as Flex, Livble and, more recently, Affirm, say breaking rent into multiple payments can help renters manage cash flow. But consumer advocates warn the products typically function like short-term loans, layering fees onto already strained budgets and, in some cases, carrying triple-digit effective interest rates — raising questions about whether they ease financial pressure or deepen it.

Kellen Johnson, 44, started using Flex to split up his rent payments about two years ago. Instead of paying the whole $1,850 of his rent on the first of the month, Johnson would pay $1,350 on that date, and $500 on the 15th. For the service, Flex collected a $14.99 monthly subscription fee, as well as 1% of the total rent, which for Johnson was $18.50, bringing his monthly charges for the app to more than $33.

Johnson said he was willing to pay the extra costs in part because he worked as an independently contracted delivery person for Amazon at the time, and his paychecks could vary.

“It was an expense that I was incurring, but I went ahead as it was more convenient,” said Johnson, who now works as a driver for senior citizens in Sacramento, California.

Roughly 109 million Americans, or about 42.5 million households, are renters in the United States. The Census Bureau estimated in 2024 that a large share of those households pay 30% or more of their monthly income on rent. The bureau considers such households to be “cost burdened,” meaning rent consumes so much of their income that they have less ability to plan for future expenses or build wealth.

Rent now, pay later services generally operate the same way: The company pays the landlord the full rent when due, and the renter repays the company in two or more installments over the course of the month. Because rent can be such a large expense, the companies argue that spreading payments out can give renters more cash on hand.

Many of these services come with fees. The fees can be structured differently but should be generally thought of as cost of credit, consumer advocates warn. In Johnson’s case, he was paying $33.49 for a two-week loan of $500, for an effective annual percentage rate of 172%, when expressed using standard consumer-lending calculations.

“Renters should be skeptical of any financing providers that have partnered with a landlord and be skeptical of anything that sells itself as no fees or no interest,” said Mike Pierce, executive director of Protect Borrowers. Pierce previously worked at the Consumer Financial Protection Bureau.

Launched in 2019, Flex is one of the largest companies focused on splitting rent payments. The company says its 1.5 million customers now send about $2 billion a month in rent through its system, and several of the country’s largest landlords accept Flex as a payment option.

Flex says most of its customers are lower-income renters with weaker credit profiles. The company reports a median credit score of 604 among its users and says about one in three customers works more than one job to make ends meet. A Flex spokesman says the average customer uses the service three to four times a year. Johnson used it every month.

Livble does not charge a subscription, but charges renters a fee ranging from $30 to $40, according to the company’s help page. Depending on how long the renter defers part of the payment, Livble’s fees can translate into effective annual percentage rates of roughly 104% to 139%.

The buy now, pay later company Affirm said this month that it is piloting a program allowing some customers to split rent into two payments. The program is being tested in partnership with Esusu, a company that reports rent payments to credit bureaus to help consumers build credit. An Affirm spokesman said the company is not charging renters interest or fees to use the product, but may charge landlords fees.

As another financing option, landlords are increasingly accepting credit cards for rent payments. Bilt, a credit card startup, built its brand around targeting renters when it launched, and some tenants also use credit cards to accumulate rewards or points.

But paying rent by credit card can also be costly. Landlords typically pass the processing fees on to tenants. Depending on the card issuer and payment network, these fees can range from about 2.5% to 3.5% of the rent. For a renter paying $1,500 a month, that translates to roughly $37.50 to $52.50 in fees — a monthly cost comparable to what services like Livble and Flex charge.

Economists and renters’ advocates argue that none of these financing options address the fundamental issue of affordability in the rental market. If credit cards, or flexible rent payment options become more widely used, they worry rents could rise further as landlords start factoring in a potential renters’ weekly cash flow as opposed to the rental market in the area the building is located in.

Merchants already pass along credit card processing costs to customers in the form of higher prices, and advocates worry that the rental market could adopt similar patterns. For example, Livble is owned by RealPage, which last year settled allegations that its algorithm allowed landlords to collude and push rents higher.

___

Economics Writer Christopher Rugaber contributed from Washington.

Yum Brands, which also owns Taco Bell and KFC, did not say which stores were being targeted or when the process would begin, but confirmed the closures would happen in the first half of 2026.

The shuttered restaurants would account for roughly 4% of Pizza Hut’s U.S. locations.

According to its latest earnings report, Pizza Hut has 19,974 locations worldwide — nearly 2,000 fewer than Domino’s, the world’s largest pizza chain. About 6,360 locations are in the U.S., with restaurants located throughout Michigan, including about 20 in Metro Detroit. In Rochester Hills, where there’s an express location and another spot inside of a Target store, its sit-down restaurant closed in recent years and reopened in a smaller express spot.

Yum! is reportedly still in the midst of a “formal review of strategic options,” including a possible sale of Pizza Hut, following a lag in domestic sales despite growing popularity due to nostalgia.

“As of now, we intend to complete the review of options this year,” CEO Chris Turner said on Wednesday’s earnings call. “Given the ongoing nature of the process, at this time, we cannot share further details.”

A number of other restaurants have recently announced closures across the U.S.

Caribbean-themed eatery Bahama Breeze announced earlier this week that it would be closing all of its restaurants in April. Several of those locations will likely be converted into other concepts owned by parent company Darden Restaurants.

Wendy’s, Denny’s, Jack in the Box, Red Robin and Starbucks have closed hundreds of stores as well.

WASHINGTON (AP) — U.S. job openings fell to the lowest level in more than five years, another sign that the American labor market remains sluggish.

The Labor Department reported Thursday that vacancies fell to 6.5 million in December — from 6.9 million in November and the fewest since September 2020. Layoffs rose slightly. The number of people quitting their jobs — which shows confidence in their prospects — was basically unchanged at 3.2 million.

December openings came in lower than economists had forecast.

The economy is in a puzzling place. Growth is strong: Gross domestic product — the nation’s output of goods and services — advanced from July through September at the fastest pace in two years. But the job market is lackluster: Employers have added just 28,000 jobs a month since March. In the 2021-2023 hiring boom that followed COVID-19 lockdowns, by contrast, they were creating 400,000 jobs a month.

When the Labor Department releases hiring and unemployment numbers for January next Wednesday, they are expected to show the companies, government agencies and nonprofits added about 70,000 jobs last month — modest but up from 50,000 in December.

On Wednesday, payroll processor ADP reported that private employers added just 22,000 jobs last month, far fewer than forecasters had expected. And the outplacement firm Challenger, Gray & Christmas said Thursday that companies slashed more than 108,000 jobs last month, the most since October and the worst January for job cuts since 2009.

“The hiring recession isn’t going to end anytime soon,” Heather Long, chief economist at Navy Federal Credit Union, wrote in a commentary. “Job openings in December just fell to their lowest level since September 2020. It’s yet another sign of how little hiring – or interest in hiring – is happening in this economy.”

Economists are trying to figure out if hiring will accelerate to catch up to strong growth or if growth will slow to reflect a weak labor market or if advances in artificial intelligence and automation mean that the economy can roar ahead without creating many jobs.

A Redditor recently asked how to recover after their parents did a number on their credit score.

The original poster shared that while on break from college, they discovered a letter from a collection agency addressed to them. It referenced an unfamiliar unpaid account.

They soon learned their parents had taken out multiple credit cards in their name without permission to help cover household expenses. Their parents had allegedly charged thousands of dollars in debt, left it unpaid, and now the collections agencies were calling.

The Redditor wanted to know: What’s the best way to rebuild and protect credit in the wake of this kind of experience?

Unfortunately, familial fraud — when one family member steals the identity of a child or other family member — is relatively common, even though actual numbers are hard to come by, says Axton Betz-Hamilton, who wrote a memoir about her own experience with familial fraud called “The Less People Know About Us.”

“It’s very under-reported due in part to the victim not wanting to get their family member in trouble,” says Betz-Hamilton, who is also an associate professor at South Dakota State University.

Victims often feel a heightened sense of shame and embarrassment, she adds.

The good news is you can recover from familial fraud, although it can take years. Here are five steps experts recommend.

1. Freeze your credit

Freezing your credit prevents anyone, including your parents, from taking out new accounts in your name. When your credit is frozen, lenders can’t access your credit report. Freezing your credit is a free process that can be done through the credit bureaus.

Betz-Hamilton suggests freezing your credit as soon as you realize your identity has been compromised. If you need to apply for a new credit account yourself, you can temporarily unfreeze it.

2. File a police report

In addition to freezing credit, filing a police report gives you evidence to share with lenders and the credit bureaus that your identity was stolen, which makes it easier to contest the fraudulent charges.

This part can be really hard, but it’s an important step in order to prove that you have been a victim, says John Ulzheimer, a credit expert.

“You have to rat out your parents,” he says. “It requires some courage on behalf of the victim.”

In addition to filing a police report, Ulzheimer recommends filing an identity theft report with the FTC to further document what happened.

3. Pull your credit report and dispute fraudulent accounts

The next step is to pull your credit report (you can do so for free using annualcreditreport.com) and dispute all of the fraudulent accounts listed.

From there, you contest the fraudulent accounts with both the credit bureaus and the lenders.

Doing so will initiate an investigation, Ulzheimer explains. Adding relevant evidence such as providing the police report will increase the chances that the fraudulent accounts will be removed from your account — but a positive outcome isn’t a given.

In some cases, the investigation might determine that you are responsible. That’s because there could be “credible connections” between your identity and the accounts, especially if they were used for household expenses at your address.

“All creditors have different policies and procedures in terms of how they investigate fraud claims,” he explains, and the investigation can result in either the debt being removed from your credit report or remaining in place.

4. Take out a secured credit card

Even with the fraud dispute ongoing, you can take steps to start to rebuild your credit.

Opening up a secured credit card, making on-time payments to existing accounts and keeping your credit utilization under 30% can all help.

However, collection accounts typically stay on your credit report for up to seven years.

“It can be a long and frustrating process,” Betz-Hamilton says.

5. Invest in your mental health

Betz-Hamilton recommends taking care of your well-being during the tough time. “The emotional effects of familial identity theft are often more profound than the financial effects,” she says.

A mental health counselor, social worker or therapist can aid the recovery process.

“Finding that supportive network of trusted others — friends and family that are not part of the identity theft, or professionals you can trust — that is critical,” she adds.

Reddit is an online forum where users share their thoughts in “threads” on various topics. The popular site includes plenty of discussion on financial subjects like identity theft, so we sifted through Reddit forums to get a pulse check. People post anonymously, so we cannot confirm their individual experiences or circumstances.

Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com. Twitter: @kimberlypalmer.

The article Asked on Reddit: My Parents Ruined My Credit. How Can I Fix It? originally appeared on NerdWallet.