Columnist @opinion. Eater of free snacks. (Snacks are property of Bloomberg L.P. Tweets aren't.)

New York
Joined April 2009
Very exciting to update this chart with the 2025 data! Millennials at age 40 have about 60% more real net worth than Boomers did at age 40, and almost 100 percent more than Gen X
43
96
34
482
197,318
Well will you look at that bloomberg.com/opinion/articl…
4
5
1
14
1,751
Justin Fox retweeted
Tomorrow is Jobs Day! Can US payrolls sustain last month's momentum? 🎥Tune in Friday as @JonathanJLevin discusses LIVE with @keds_economist and @foxjust @ 8:25 am ET xitter.cf/i/broadcasts/1OxwbnqNL…
1
1
1
4
4,642
Justin Fox retweeted
Shoutout to my parents for making sure the 250th anniversary of the Battle of Harlem Heights was commemorated with the appropriate gravitas and style
2
14
1,183
Justin Fox retweeted
The 2025 American Community Survey should have come out today. But it has been delayed because of unusual political encroachment at Census. ACS drives business and policy decisions, especially in local communities, and is the primary input to Census’s immigration estimates.
1
23
1
69
8,639
Nearly 20% of US "news analysts, reporters and journalists" are in the New York and DC metro areas, up from a little over 10% a quarter century ago. Gift link: bloomberg.com/opinion/articl…
4
1
5
1,751
Justin Fox retweeted
Alright, now it’s official: super excited to be joining the Politico NJ team later this month!
49
19
4
401
32,643
Where it all began for the Knicks (New-York Evening Post, Oct. 26, 1809)
1
1
1,117
This was the beginning of the publicity campaign for Washington Irving's "A History of New York, From the Beginning of the World to the End of the Dutch Dynasty." Diedrich Knickerbocker (who didn't exist) was listed as the author.
1
758
The book is still in print, while Diedrich Knickerbocker, well, a team of his namesakes is playing the Spurs tonight. Gift link to my column about all this: bloomberg.com/opinion/articl…
383
Justin Fox retweeted
Tech is not the underdog anymore. It is the dominant global industry and the central cultural force of our time, as @lessin has pointed out. To work in tech today, in the broad macro sense, is no longer inherently rebellious. It is often the act of someone joining the societally dominant consensus. Within tech, of course, there are still relative Davids and Goliaths. Seed-stage startups, Fund 1 VCs, boutique law firms, and upstart service providers are still the pirates. Big Tech, Big VC, Big Law, Big Anything are the navy. So if you work at Google, Sequoia, or Cooley, you are working in the dominant industry in society at the *macro* level, and at a dominant, safe institution at the *micro* level. That is two layers of establishment safety! And yet many people in Big Tech and Big VC still narrate themselves as rebels. As entrepreneurs. They feel misunderstood by the media, by Washington, by the system. But this is mostly self-flattering mythology. I will say that, as ever, it is more fun to be a pirate than to join the navy...
5
4
18
2,489
But "beerflation" has actually been falling pos.toasttab.com/blog/data/b…
"Beerflation" as food and menu prices are rising due to the energy/fertilizer shock
1
1
908
The potential US labor force has gotten *a lot* more racially diverse this year, according to @BLS_gov stats. (What happened is that demographic changes recorded in the 2020 Census were finally incorporated into population estimates.) bloomberg.com/opinion/articl…
1
1
3
541
New data on 2026 Q1 usual weekly earnings in the US have implications for the K-shaped debate. 1. Measured against pre-pandemic (1st chart), the bottom has done meaningfully better on nominal wage growth than the top. 2. Over last few years (2nd) or last year (3rd), the story is messier, with the middle & 25th percentile doing best but the very bottom & very top lagging. 3. These are household survey data, the best source for distributional & demographic cuts of wages but substantially noisier than measures of wages from the establishment/payroll survey. 4. This is all nominal; ideal would be to inflation-adjust by price indices that vary by income. This is much harder to do well than you might think, and the best effort to date from @BLS_gov currently only runs through the end of 2023.
3
13
3
39
8,214
NEW from me: The 2026 version of my chart book. It is 132 pages of charts that defy liberal & conservative conventional wisdom about spending, taxes, deficits, debt, and even presidential fiscal performance. A full career of federal budget expertise in picture form. 🧵
4
81
12
339
39,410
Reading enough of posts by people like this it becomes quite clear they've never read Adam Smith
This quoted post is unavailable.
2
10
801
Good thread & column by @foxjust. My take: - There are major asterisks with both the DFAs & CEX. - However, many (not all) of the CEX issues have to do with income measurement & won't change the rank ordering of households for these percentile purposes. /1
I have a new column (gift link to come farther down in the thread) on that Moody's Analytics stat attributing nearly 50% of consumer spending to the top 10% of the income distribution, which @LevyAntoine, @ernietedeschi and others have critiqued
1
2
4
2,579
Justin Fox retweeted
My new masterpiece: vibe-coded chart showing the collapse of the New Deal financial order by the flow of bank deposits to bigger and bigger banks. From 1990 to 2024 NYC banks more than double their deposit share. Small banks and thrifts go from more than half of deposits to <20%.
10
59
5
353
82,323