Hell yeah! Don't get why some spend $ buying material bs they really don't need to impress people or try to live some Hollywood lifestyle when we live in a world where disaster can strike at any time 🤷🏽♂️. Nothing wrong with being humble or conservative.
Samesies, and here I am, Debt free, looking at the next downturn like the Leo Decaprio Popcorn meme. I don't feel bad for anyone who overspend and is now dealing with the consequences.
He said education is key. Unfortunately, the US doesn't value that and doesn't make it easy when school is so expensive. Even if you get that education, you have massive student loans you're going to have to pay off for the rest of your life. So the system is designed for you to fail.
Education is key, whether you’re going to college or becoming a tradesman. But from the perspective of the government and a substantial portion of the population, education strongly interferes with indoctrination, making it difficult to pass down political and religious agendas. Indoctrination is how you get MAGA people. Education is why none can explain when America was great for everyone.
If you major in banana peeling in college, then yeah you’ll spend a lifetime paying back those loans. If you major in engineering, you’ll spend 3-4 years (maximum) paying back those loans.
@@ajohn502and the more engineers you have the more competitive the business will get and the less the pay will get as well. No engineer is going to make $100,000 a year when there’s 50,000 engineers to choose from.
A person who works full time job should be able to afford his/her basic standard of living such as rent and food. That’s the least society can do. Meanwhile, the company that he/she works for keep raking in record profits every year. That to show the income inequality of our country.
You are absolutely correct! Someone working a full time job should make enough to have food and shelter. I’m hearing there are people in SF and LA who work full time yet have to live in their cars. That’s crazy! You’re paying taxes so food and shelter should be there for you.
@tmn8547 No. That likely is not correct on a generic basis. Not ALL full time jobs are designed to support someone in every city across America. Also, apprx 40% of people pay ZERO income taxes; therefore, someone claiming they are "due a benefit" on the basis they pay taxes is likely FALSE. Better to prepare people with skills that are in demand, move to areas of the country that need workers, etc. It takes a bit of initiative in lieu of waiting for Uncle Sugar to constantly treach ppl like infants.
I was in control of figuring yearly figures for a company, brought in $1,500,000 a yr. out going was $1,100,000 which gave owner a profit of $400,000 a year while we were making $40,000 a year! Totally not fair. Yes they deserve to make profit but at the cost of us employees making chump change comparatively oh and only part time so offered no benefits either!
@@oldskolacura9798 I never said you shouldn’t. Some people don’t make enough to have a reserve. And some of us have been unemployed so long we’ve burned through our reserves.
Poverty and homelessness have been on the rise for a long time It has just been ignored by politicians, the well-off, federal, state and local governments, builders and especially the media.
The car is a money eater, that’s for sure. And nobody can survive without a car in the suburbs. If people didn’t need a car to get around, people would have more disposable income to spend on healthcare, education, and groceries.
@scottowensbyable yes that read like accept your fate to have a low quality of life where you don't have the ability to own any things like a car as every cent goes to food and other necessities.
poverty exists because people can't afford to live. on top of that, the system is designed to punish those who tries to get ahead in life. i mean it's a very short list that can be summed up with a paint brush term. people are poor, and becoming more so because of politics, and bandage responses to long term problems.
You mention those trying to get ahead, and I’d include those who had to readjust because of a company issue (layoffs and what not) or a community judgement (causing someone to lose a decent job over moral concerns).
@@thejuicerr not in some places, some places don't even have businesses for people to work at. Others are ate up with fast food joints, gass stations, and maybe one, or two hardware stores. Then you have the fact that some people don't have their own vehicle to travel outside where they live to find proper jobs. Because not every city, or town has a oil rig, or power plant, or any good business sites in walking distance. Of course majority of towns, and cities aren't kind to people who has to walk to places. So, no. It isn't as easy as, "oh, just get a good job," it's difficult. Also don't get me started on stereotyping that owners will do. As well as the favortism that many business owners do, or that managers do.
@igkslife There is a shortage of skilled workers in America (there are plenty of burger flippers). There is an abundance of well paying jobs available. You need make sacrifices to get ahead.
@@firefighter0585BS. It's because of corporate greed. PERIOD. What you are saying is a blatant lie. The fact that their profits are higher than ever prove it without a doubt.
The American dream is dead. I learn more everyday that our jobs are being outsourced to other countries even US government jobs. We are being replaced slowly but surely.
My mom can't keep up with her finances in suburbia. My sister is a single mom whose money all goes to rent. My boyfriend and I live in a van full time. My boomer dad has 10+ properties and has ghosted us all.
@@rchot84and that 1000 car is going to cost hundreds of thousands in repairs……. Cheap used cars often come with issues and they are sold because they are often times cheaper to sell then to repair
Highest profits Ever! CEO bonuses like we have NEVER seen!! The RIchest Do not like Unions because that would reallocate the equity and make things normal again.
"The US is the most war-like nation in the history of the world with less than 20 years of peace since its founding in 1776. Since 1979, we have wasted 3 trillion on military spending, while China has not spent a single penny on war, that is why China is ahead of us in almost every way" - Former US president Jimmy Carter to Donald Trump April 13, 2019
Top 1% has about 60% of middle class money and we ask why the subs are slipping into poverty? How bout why do corps and philanthropist need so much money? How did they manage to be allowed to literally hoard money? Could one say profit is theft? So many better questions than why are the subs in poverty?
@@NopeUghUghAbsolutelyNot Look when a few people have a hundred million dollars why not want a few hundred million more. Debt much like greed is infinite
Transportation costs way out in the suburbs is way high. When you live in civilization, you don't need a car and all the expenses that come with one. In the suburbs, car dependency is built in to the infrastructure and makes it VERY hard to break out of poverty. It's hard to get a job when you can't get to work.
Suburbs have very high transportation costs. I live in a city. If I had to own a car I would have financial problems.The costs of car ownership are crippling.
True but there really isn’t a southern city with decent and reliable public transportation that would alleviate the necessity of car ownership. Most of the poverty in the US is in the south.
What about people living just above the (very outdated) poverty line who are actually worse off than those able to seek help from government agencies? The forgotten middle are struggling even more than those who can access funds…..
Government printing ip money that creates inflation. Then that money trickles up to the ultra rich. Covid spending made 95 new Billionaires in the US. 😊
I have been watching this shift for the last five years. I live in Boston and the city is no longer affordable for most, especially first-time home buyers and renters. So, the low-income people move to the suburbs.
Living above one’s means, not having an emergency funds, and requiring the use of credit cards to meet financial stability is the biggest financial red flag/or high probability in ending up living in a car/RV/parents basement. Many college degrees are money generating profits for the colleges/universities, but worthless for the graduate, debt generating, and many degree do not produce desire wages/salaries for health finances. Also, a persons bad financial habits, overspending vs investing, marrying the wrong person, health issues, etc… can also hinder with financial struggles.
While the elites have record profits we suffer and get poorer their busy worrying abt which yacht they’ll buy while we out here having to work and pay ridiculous amounts for grocery’s
Suburban homes are money pits. They are huge, cheaply made, and so car dependent that every able bodied person has to have a car means more expenses and loans. Modern suburbs are just unsustainable from a financial and ecological standpoint. A 100% car dependent also encourages strictly sedentary lifestyle that also increases medical care costs. A lot of the suburbs in the northeast built in the 1960s-1980s the homes are way smaller and more manageable, and pretty well built.
I agree and most of these people are too busy working away from home to enjoy it. I know people who live in 3000 sq ft homes with some acreage AND kids. Not only could I imagine the financial expenses, there's also a time suck as well doing everything to maintain that lifestyle decision. We lived in the suburbs for a couple of years as my husband grew up in the suburbs. I grew up in NYC. Automatically we needed 2 cars, lawn equipment, etc just to have the basics covered. None of the extra expenses went to enriching activities or cultural excursions. We sold our home and moved into a townhouse in a nearby city. Downsized to one car for longer distances and carrying large items and use public transportation/walk whenever we don't need the car. And our yard and lawn equipment got replaced by a huge park in our neighborhood. In the suburbs you pay a lot of money to essentially live a Groundhog Day lifestyle. No thank you.
Providing quality, accessible, and affordable public transportation options like metro / subway, bullet trains, light rail, and buses throughout the entire United States should become a one of the top priorities of both local, state, and federal level governments in the United States. With public transportation, one doesn’t have to rely heavily upon either owning a car or asking someone for a ride every where. Great public transportation that goes almost anywhere can allow one access to more opportunities. Plus, the financial benefits is something that could alleviate some of the hardships people are facing today. It’s one of many things that can be addressed to help the issue of poverty along with society in general.
As a mom of four children, I used public transit up until 2020. I've been a mom since 2008 when I was 18. I never learned to drive until I turned 30, because I grew up in fostercare and didn't have resourced like a family or ability to access basic things. Me learning to drive and then eventually getting a car is why I'm climbing out of poverty. It's why I can work full time and take my children to and from childcare so I can keep working. Your comment is clearly evident that you don't have several children and where you have not been forced to rely on public transit for the majority of your life.
@@floodwater8234- You’re loud and wrong! I have relied only on public transportation my entire life since the age of ten! I still rely upon public transportation everyday today as a adult! Without public transportation, I wouldn’t be the person I am today. Public transportation allowed me to obtain a bachelor’s degree, work, have a career, and financially support myself, run errands, and have a social and love life. I’ve never had people who would happily give me a ride anywhere other than rideshare services (which I rarely use). I’ve always had to deal with people who provide toxic help. Hence, my reason for relying on public transportation and maintaining my freedom and independence. There’s millions of people across the world who have children and are successful in areas rich with public transportation. New York and Tokyo and other metropolitan areas are examples of this. And, with the combination of good public transportation and good access to WiFi and mobile connectivity, one can open up more opportunities to overcome barriers of poverty, along with other factors of course. Not having a car didn’t stop nothing in my life and millions of others as well.
@@UrbanLateNights How can you say you “rely on public transportation for freedom and independence”? This very statement proves you are not understanding what relying on something other than yourself really means. If public transport isn’t available due to various issues outside your control you immediately loose your freedom. Same can happen for car owners but the vast majority of those issues are WITHIN the owners control (maintaining the car in good order for example). I’m glad you like your public transport system BUT please don’t tell me it gives you maximum freedom. It doesn’t. First it dictates where you will live since not all communities provide such. Then you are limited on the routes that the system covers and not a mile away… Some freedom and independence!
Why!? Because everything is high! Milk is high, gas is high, electric is high, housing is high, transportation is high, college is high, tax breaks for the wealthy are high. The only thing that’s low is wages.
@Zerospawnn around 1% of US population lives here. We make your airplanes, your beef, wheat, and export excess electricity to the right coast and Texas. The state of kansas is one of the most financially independent states in the whole union.
Poverty is on the rise because U.S Government sents an approximate of $100 billion per year to foreign countries which accumulate $Trillion of lost capital with potential productivity from the U.S economy.
"which accumulate $Trillion of lost capital with potential productivity from the U.S economy." What are you talking about? The exact opposite happened. The $100 billion wasnt sent overseas, it was almost entirely funneled back in the US economy, increasing productivity and leading to more jobs in the defense sector. So the facts are the exact opposite of what you have stated.
LOL at this. America does not exist in a bubble and global economics affects our economy. Second we have a budget for a reason. What we send overseas is peanuts in our budget. I see plenty of jobs in the STEM fields so the question you should be asking is why are companies having problems filling these fields. Why are we so uneducated to where we can fill these jobs.
For average American to survive,I think will all need to find alternative means, imagine working for 40yrs to have $1m in your retirement, while some people are putting just $10k in a meme coin for just few months and become multi millionaires. if you don't invest, you're missing out on opportunities to increase your financial worth.
Why do "news" outlets keep doing stupid stories like this?? The cost of living is obscene! Even the most basic apartment can cost 40-50% of your salary.
There's many reasons. One of them is the capitalist system has been bastardised and one contributing factor are the toxic and corrupt career politicians who have largely added to this problem.
Capitalism is working exactly as intended. And one of those intentions is to convince the public to oppose the state, because it is their best means of rebalancing power away from markets towards citizens.
The host and guest miss the major point. Serious inflation due to the Fed's zero interest rates for 20 years is a big factor. Salaries and jobs have not kept up with their money printing.
Simple everything keeps going up, and wages are stagnant. Isn't minimum wage meant to be the bare minimum to survive. Definitely not the case cause you can work two minimum wage jobs and still be homeless and need assistance. The smart thing to do is learn a skill you can do remotely, find a country where you can get more bang for you buck, and become an ex-pat. Things are going to get a whole lot worse before it even gets better. George Carlin said it best "That's why they call it the American Dream, because you have to be asleep to believe it."
Yet isn't it funny that every time california or other states raise the wage rate.... thousands lose their jobs and those jobs are completely removed from the job pool. Then the catch 22 is that then makes products more expensive..... and groceries become more expensive... and we are then like a dog chasing its tail and back to square 1. I think its time to put that minimum wage argument to bed. Where I live the minimum wage is still something around 8-10 dollars... but in reality I see its 12-15 dollars on all the we are hiring signs. I think its time we rethink this and stop blaming minimum wage... there is something else causing this issue and its complex and multi faceted. Personally I think it has to do with overspending (government, government handouts from covid years, personal), people expect to live where they want AND spend how they like without honestly looking at their finances and possibly looking at living below their means further away so their family can get ahead. Lack of education options for those in generational poverty for trades and other alternative higher education options, and those who did tke higher education squandered it on bogus degrees and living life high on credit now saddled with debilitating student debt. And corporations don't value workers anymore and only listen to shareholders causing everyone to suffer. Also this sad trend of a rental lifestyle instead of owning and those investors scooping up homes left and right making it hard for first time homeowners (many saddled with debt already) then are forced to rent and cannot save anything from their paycheck latter investment, retirement, let alone paying off debts. People have to learn to live below their means and make a serious plan to dig themselves out and do pretty much whatever it takes to move out even to get ahead. Older generations moved where there was opportunity.... newer generations generally act entitled and refused to do that.... so they are suffering more. Just my 2 cents I have observed. I personally had to sacrifice a lot and go without for years so my husband and I could afford a home, it took forever on that battlefield called the housing market during covid years to get one. It was like swimming with investment sharks..... it was scary. Finally did get our home, but it wasn't cheap like when we started our search. But the sacrificing and going without and having no social life for years was worth it. Out of all our friends our same age, only 5-10% have a house... the rest are in debt and renting and just can't figure it out. one of them who does have a house is still in major debt, but finally got on the get out of debt reduction bandwagon to free their family up so they can one day spend as they like and are going without luxuries and selling off toys to start doing so. Its not easy growing up a millennial and seeing the sheer entitlement and I cannot live without this mentality... its sinking us all.
@@jsebby2284Yeah, for the upper echelon they are. For the rest of the people in the real world, they're struggling to survive due to outrageous living costs, food and housing are through the roof. I feel their pain now more than ever before.
I remember during the 2008 recession, 50Cent was on some show talking about the markets and the host asked him about how the crisis was going to affect the poor and he said something along the lines of "nothing is going to change, it's been like this".
Not surprising as the baby boomers move into old age. A serious health issue can wipe out their savings and push them into poverty. Most families cannot afford to pay $10,000 or more a month for nursing home care or memory care and it’s pushing them and their families into financial ruin.
When Even China has universal healthcare that is the top 5 in the world, universal education, and cost of living is incredibly cheap. there is no excuse for the united states not to have these things, i want my tax dollars to go to health care and education NOT this war in ukraine and israel. We are literally only existing to pay into the war machine and i am tired of it.
the issue is in the title of this story alone. The Suburb were built to bankrupt America. when we build car centric places where we are required to own an expensive car with expensive insurance and expensive maintenance and gas of course we are gonna be bankrupted and lord forbid the car breaks now you can't get to work and the price to fix it might bankrupt your. and that's just talking about cars. not even talking about crappy healthcare that cost a fortune for low quality, the cost of rent skyrocketing because of landlords hording housing. the list goes on. now we have this fake inflation going on spurred on by corporations making record profits
Hosing shortage? And just how many illegals are in the US. The estimate is about 50 million. And 80% of those are on at least *one* form of welfare. The US is doomed unless . . . . .
Parents who move to the suburbs are isolating their children from easily accessed jobs. Homeless people are the sons and daughters who are unable to keep up with their parents economic standards.
The US has had much of its industry out-sourced to China - wall street loves to twist arms. Factor in the (not so) federal reserve debasing our currency while congress greases this skid with deficit spending - it's reported that the high end estimate of illegal immigration costs the tax payers $450,000,000,00.00 per year. And the first thing the new speaker, Johnson, did was to pledge full support the israel. Disgusting.
We've been extreme savers since 1995. We learned how to invest in the stock market, real estate, treasuries etc. We just don't spend. We don't give a flying duck what our peers have. We've shared a car for almost 30 years, cook everything from scratch, clean our own house and do dozens of other things people hire out for. Will we need help when we are older. We prepared for that by saving and investing. You can't have it all AND have all your money. People need to RESET how they think about life.
My parents bought their home in 1999 for $144k and today it would list upwards of $425k. Check the stats on the US Debt Clock yourself, Salaries between 2000 and now only rose about ~12% whereas home costs have risen over 200%. It's not even close to he same market/economy as it was in 1995. The value of the dollar has demisted since the last major inflation in the 1970s. Personally, I want the value of the dollar to be stronger vs more money, because then everything would just cost more. We have to find a way to increase the value of the US dollar and also lower the costs on things. @@Deva-no3dn
@@Deva-no3dn well said, I plan on putting most of my money in TLTW, a treasury etf that pays roughly a 20% yield. A Recession is pointing towards March timeframe.
Build another lane bro, just another lane. Single family housing with big parking lots, bro. Just another lane, trust me. Suburbanization and car centric planning is good. Please bro, just another lane
American Government needs to help American people First. America shouldn't have any Homeless people, Starving people, etc, etc. I understand helping people... We shouldn't have to pay taxes.
It doesn't matter how much money you throw at the problem they don't have an effective game plan or institutions that could handle that with the staff to run effectively imo. But all the money that's been sent over seas to fight wars that have nothing to do with us is absurd.if the money was kept here it could certainly get the ball rolling but we need a president who is gonna get to business and handle some real problems domestically. Biden hasn't done it. He is not for the people!!!
you had me at the first half then you said that we should pay taxed >.> I don't think you understand how government works. if by no one should pay taxed you mean anyone who makes under a certain amount then yes I think anyone who makes less than $50,000 a year shouldn't but you know who should? The people who make way more than the average American, aka the billionaires who are leeches to our society.
Suburbs were for a pre-computer lifestyle. Suburban large living spaces for leisure time hobbies are less important when free time is spent on-line. The suburb housing developments, with famous mazes of going no-where streets and cul-de-sac roads, that would deter non-resident drivers do not work as well in the GPS Era. More drivers on suburb streets is making child rearing no easier than in city grid, hi-risees or condo/apartment complexes. The suburban lifestyle is out of date; thus, more likely a place for the poor to move into.
Planning for burbs is a concept that isn’t aging well. They’re inconvenient to get to and one of the main causes of horrible traffic in the US, plus with their sprawling infrastructure it is hard for of the burbs to last one of two generations without having budgeting issues. I wonder if many will go bankrupt in the near future.
They meant a mid size metro. Something between 250000 and 750000. The study is called Why Midsize Metros Deserve our Attention. The average family lives in a three story apt complex even in midsize. Look at Fort Riley near Kansas State, Madison WI, Penn State. Both North Carolina and Georgia have most people in a county with less than a million. At the end of the day, practically nobody lives in a county that is a tenth of a congressional district's 75000.
@@ashtonstout7375 Indy is closer to 2.4 million so it is a three district metro. It also has five counties with each closer to two twenths of a district or 160000. Piedmont Atlantic megaregion is a good example of a majority midsize with Chattanooga TN, Knoxville TN, and various midsized in SC. Another is Greensboro Winston-Salem High Point NC with only 675966. Anyways my family always went straight from Western MI to Chicago to WI, but Indy sure looks nice NBA in season tourney & Colts NFL.
Lucked out. In 2008. My wife and I owned our house since 2003. We hit pay dirt and purchased 3 rentals. Construction workers were out of jobs. I had work done to them really cheap. Just sold our rentals last year. Right place and right time.
Declare war on the energy and you declare war on literally the entire economy.. We can thank 0bama for declaring war on energy by his strong-arming banks not to do business with oil companies. And 0biden bans drilling for oil on federal lands (and why the hell do the feds own so much land?)
Does anyone here in youtube knows EXACTLY how the suburbs came into existence? It is not because of the car or automobile, it is the trolley car! The electric trolley car introduced in the late 19th century made it practical for people to move around not just in the city but also OUTSIDE OF THE CITY where there are vast land areas used as parks, recreation and leisure areas, vacation homes and gradually into 2sd homes that became residential areas. At night the trolley cars were replaced by freight trolley cars to get farm goods and industrial goods from small family owned farms and gardens and workshops and small factories and what-have-you. Then came the automobile and buses that were pushed onto the unsuspecting American public because GM and other companies conspired to sabotage and destroy America's world successful mass public transit system and thus created a 2sd kind of suburb not built around the electric trolley cars but around the automobile car. Today they are called light railway transit trains that was able to repay their initial investments INDIRECTLY because even if they are unable to pay back their initial investments in passenger ridership, they are able to INDIRECTLY PAY BACK IN THE FORM OF NEW BUSINESSES AND INDUSTRIES CREATED BY THEM RESUTING IN THE NEW JOBS CREATION PROCESS that created new employment and new employment means new INDIRECT tax revenues. Tax revenues and return of investments ARE NOT ALWAYS DIRECT BUT OFTEN TIMES INDIRECT. But politicians and impatient investors are SO SHALLOW MINDED AND SO NARROW MINDED that they do not see the whole picture WHOLISTICALLY as they should have been seen as such in the FIRST PLACE!
Yes and I remember my grandfather telling me about it and showing me where they were. We need to all band together and fight back. From crisis to crisis and all manufactured by the criminally insane, my opinion. People with a healthy conscience cannot find any of this acceptable. We need to do better for all life on this planet. We can do it and be better off. Loneliness is a problem now? Of course it is.
There are no maximums. When everybody was paid less, rent was less, food was less. Desirable jobs with excellent benefits moves in and pay move in, politicians love because more tax revenue
Education is a desire not a financial issue. Desire to educate kids as a community and kids desire to use available sources like internet and google. Libraries are free. Waiting tables isn't a reason. Lack of skills and production facilities is the problem. At the very least help your kid get a cdl license at 18.
Being loosely involved in real estate, I generally know the answer to this question..... 1.) Gentrification 2.) employment sectors, specifically during and after COVID. 3.) Average American not as motivated because of high cost of living, crime, moral decline, AI (autonomy), morally inept young adults, no more retirement plans/pensions. All of those things (plus a few that I didn't mention) put in a pot, mixed and this suburban poverty is the cooked outcome.
Too many jobs don't pay wages which pay need to survive nowadays. Education is important, but if we neglect living wages for blue collar wages, then nothing is being solved. If this problem isn't solved, somebody else will simply be take the job with substandard wages which is simply kicking the can down the road, so to speak. It is sadistic to not solve the problem for blue collar workers.
Dude. When houses are 800K for a 2 bed home in a crammed neighborhood where you get a 4x4 yard…yah, many folks 70% are house poor. Put it all in the credit card…keep up with the Jones. 🤷🏻♂️
We have, what, 40 million illegals? The "notion" of birth-right citizenship needs to be abolished. ASAP! Zero other countries have this policy. None! Imagine showing up in South Korea or Malaysia and say - I'm here, feed me, clothe me, shelter me, and where's my effing iphone?
They can never save enough. It is more expensive to be poor! My teachers warned us to not be complacent because holding onto what we had was a never ending battle. Some rich are just rotten. They forget what matters. It is relationships. Not egos.
I think there comes a point where you have to realize that this world is too difficult for a chunk of the population. If it weren’t for the ability to save passwords, I’d be out there too. There are too many usernames and passwords. You forget your username…sheesh…good luck.
Two words and three letters, Property taxes and HOA. The American home ownership dream is dead. You aren't buying home or property you are buying a liability. The property taxes and HOA payments are far too high. The insurance and mortgage itself is also a problem.
Especially these days with the interest rates. 7% with 10k taxes is just to be able to reside in your home, not including utilities, maintenance, repairs, etc. Many families are have set themselves up for a lifetime of debt.
America is literally hurting right now, where is the help? The people needing help now are normal Americans that work and some have 3 jobs and couldn’t possibly work harder. Where is the government? We see it in Ukraine but where’s the help for Americans???
Education means nothing anymore. I became poor because of education following 2008 recession. Employers were not looking for the smart kids after graduation and when I graduated from my Master's education employers were not looking for skills and highest level of education. This is why there has been unemployment and underemployment due to job recruiters who were in the majority women from 2008 who were looking for their charming knight instead of thinking of how more people can work to increase employment rate and end the recession.
My employer came to my university twice and hand-picked the students he wanted working at his delivery center. But I'm talking 2011 though, and only obtained a mere Bachelor's in a highly technical field where people with no experience are also employed.
Exactly what I've been saying for the last twenty years. The world is super saturated with a bunch of know it alls who paid an exuberant amount for a piece of paper 😅. FYI I've also been not choosen for a job that I have many years of skill doing in favor of a women,. Even tho I was the better candidate for the job in many aspects. There is a problem with this in the corporate world I've been discriminated on bcuz I am capable. Well, needless to say they got what they want. I dont ever call out. The woman had 5 babies 👶. How much do you think she calls out a week lmao 😅
Weather you believe in the Lord or not ,the Lord words has to come to pass , the Lord put us here to love one another and work together but Greed is in so many ppl heart
Car dependency. $4 gas, surging cost of vehicles, maintenance & insurance. Surging rents on corporate owned housing. Just dump it on suburbanites, they can afford it, right? Nope.
Cost of living continues to rise, wages don’t keep up.
There, saved about five and a half minutes.
old news....
The rich get richer, and distract rural voters with shiny objects of god, guns, and gynecology
Yep, Corporations are causing this problem.
And now Amazon is speedrunning there robots to replace warehouse workers 🙂
Well the problem is literally spending what you don't have. Literally seen too many reports where Americans are traveling all the time
The key to financial security in USA is to have a car you dont mind sleeping in.
Or to have relatives you don't mind living with. It's like a dystopian version of Full House.
😂
🤣🤣🤣🤣
until they start taxing you if you sleep in your car too.
@@mazguz966 They don't need to tax you. The police harrass you if you sleep in your car. I've had it happen.
As an elder millennial the 2008 crisis taught me to live well well well below my means.
Hell yeah! Don't get why some spend $ buying material bs they really don't need to impress people or try to live some Hollywood lifestyle when we live in a world where disaster can strike at any time 🤷🏽♂️. Nothing wrong with being humble or conservative.
Samesies, and here I am, Debt free, looking at the next downturn like the Leo Decaprio Popcorn meme.
I don't feel bad for anyone who overspend and is now dealing with the consequences.
This is so important
Study valuable skills and investing are right there with this rule
💯 I'm an older millennial myself, and I could not agree more.
yeah, but im lavish on nice things that can go up in price like watches and gold jewlery. But day to day life is frugal by program from that crisis.
can we just all agree that this shi is not normal and no one is doing anything cause the 1% dont give a shi about anyone but themselves
Feudalism.
Cities are dangerous and I want to touch grass
@JG-MV sure
no it's normal. and you ain't doin shxt either little capuchin.
Exactly
He said education is key. Unfortunately, the US doesn't value that and doesn't make it easy when school is so expensive. Even if you get that education, you have massive student loans you're going to have to pay off for the rest of your life. So the system is designed for you to fail.
I became a welder, great pay and benefits. Many career opportunities to advance into sales and management.
Education is key, whether you’re going to college or becoming a tradesman. But from the perspective of the government and a substantial portion of the population, education strongly interferes with indoctrination, making it difficult to pass down political and religious agendas. Indoctrination is how you get MAGA people. Education is why none can explain when America was great for everyone.
True
If you major in banana peeling in college, then yeah you’ll spend a lifetime paying back those loans. If you major in engineering, you’ll spend 3-4 years (maximum) paying back those loans.
@@ajohn502and the more engineers you have the more competitive the business will get and the less the pay will get as well. No engineer is going to make $100,000 a year when there’s 50,000 engineers to choose from.
A person who works full time job should be able to afford his/her basic standard of living such as rent and food. That’s the least society can do. Meanwhile, the company that he/she works for keep raking in record profits every year. That to show the income inequality of our country.
Society has no responsibility to support someone that makes a personal decision to work at Starbucks or McDonald's, no ambition to do better.
@@ctzoomie Why do corporations get to underpay workers so society has to pay for their food stamps?
You are absolutely correct! Someone working a full time job should make enough to have food and shelter. I’m hearing there are people in SF and LA who work full time yet have to live in their cars. That’s crazy! You’re paying taxes so food and shelter should be there for you.
@tmn8547 No. That likely is not correct on a generic basis. Not ALL full time jobs are designed to support someone in every city across America. Also, apprx 40% of people pay ZERO income taxes; therefore, someone claiming they are "due a benefit" on the basis they pay taxes is likely FALSE. Better to prepare people with skills that are in demand, move to areas of the country that need workers, etc. It takes a bit of initiative in lieu of waiting for Uncle Sugar to constantly treach ppl like infants.
I was in control of figuring yearly figures for a company, brought in $1,500,000 a yr. out going was $1,100,000 which gave owner a profit of $400,000 a year while we were making $40,000 a year! Totally not fair. Yes they deserve to make profit but at the cost of us employees making chump change comparatively oh and only part time so offered no benefits either!
It’s not what you make, it’s what you keep.
Exactly
No, sometimes it’s what you make.
@@seagreen2034 what good is it if you have no reserve. It's like these NFL players suddenly going broke they made a lot of money but lost it all.
@@oldskolacura9798 I never said you shouldn’t. Some people don’t make enough to have a reserve. And some of us have been unemployed so long we’ve burned through our reserves.
You sound like Dave Ramsey 😉
Wages aren't matching the cost of living.
They are though
Poverty is a direct symptom of Greed withing the economy...
Everyone is greedy
You are wrong
Poverty and homelessness have been on the rise for a long time
It has just been ignored by politicians, the well-off, federal, state and local governments, builders and especially the media.
Poverty is down. Please watch the darn video that you're writing about.
Basically it's ognored by anyone with power to change it
This is factually incorrect
The car is a money eater, that’s for sure. And nobody can survive without a car in the suburbs. If people didn’t need a car to get around, people would have more disposable income to spend on healthcare, education, and groceries.
I decided to lose my business van and start walking and riding a bike. I lost weight, met more people and had a lot more money to spend.
Did we really get rid of the horses?
True....but it's also too integrated into life while helping create higher wages overall. You're all trapped by it all now.
Im "trapped" in a rural lifestyle depending on a car/truck for transportation. I absolutely love it.❤
@scottowensbyable yes that read like accept your fate to have a low quality of life where you don't have the ability to own any things like a car as every cent goes to food and other necessities.
poverty exists because people can't afford to live. on top of that, the system is designed to punish those who tries to get ahead in life. i mean it's a very short list that can be summed up with a paint brush term.
people are poor, and becoming more so because of politics, and bandage responses to long term problems.
You mention those trying to get ahead, and I’d include those who had to readjust because of a company issue (layoffs and what not) or a community judgement (causing someone to lose a decent job over moral concerns).
How does it punish those who try and get ahead?
There are plenty of well paying jobs available.
@@thejuicerr not in some places, some places don't even have businesses for people to work at.
Others are ate up with fast food joints, gass stations, and maybe one, or two hardware stores.
Then you have the fact that some people don't have their own vehicle to travel outside where they live to find proper jobs.
Because not every city, or town has a oil rig, or power plant, or any good business sites in walking distance.
Of course majority of towns, and cities aren't kind to people who has to walk to places.
So, no. It isn't as easy as, "oh, just get a good job," it's difficult. Also don't get me started on stereotyping that owners will do. As well as the favortism that many business owners do, or that managers do.
@igkslife There is a shortage of skilled workers in America (there are plenty of burger flippers). There is an abundance of well paying jobs available. You need make sacrifices to get ahead.
Car and home insurance prices are getting ridiculous
Very true. My car is 8 years old, yet my insurance premium has gone up over the years. Mind you, I've never had to file a claim...*knocks on wood*
Because the cost of settling claims is getting ridiculous.
@@firefighter0585BS. It's because of corporate greed. PERIOD. What you are saying is a blatant lie. The fact that their profits are higher than ever prove it without a doubt.
LOL They average a 5% profit margin and are regulated by the states they're doing business in. I guess I'm a liar though. @@thec9424
Plus this is a car centric neighborhood
The American dream is dead. I learn more everyday that our jobs are being outsourced to other countries even US government jobs. We are being replaced slowly but surely.
My mom can't keep up with her finances in suburbia.
My sister is a single mom whose money all goes to rent.
My boyfriend and I live in a van full time.
My boomer dad has 10+ properties and has ghosted us all.
Rich gotta rich. Poor gotta suffer and serve. It is what it is.
Men know people don't care about them so a man who's doing well will ghost to protect his income from vultures who only care about his money.
As a car country, cars and what comes with them such as insurance and gas should be dirt cheap! God forbid people have a savings or go on a vacation
And used car prices are thru the roof! Its ridiculous…
You can get a car 1000 dolars and insurance for 80 a month.
@@rchot84and that 1000 car is going to cost hundreds of thousands in repairs……. Cheap used cars often come with issues and they are sold because they are often times cheaper to sell then to repair
@shirley444 Not if you get the right model I.e. crown vic, Jeep wrangle, easy simple cars. I am mostly talking about government surplus.
You pick the car
Greed, nepotism, greed, ceo needs a fifth 15 bedroom mansion for all his ghost children
Greed is the American way. We put greedy people on a pedestal.
Highest profits Ever! CEO bonuses like we have NEVER seen!! The RIchest Do not like Unions because that would reallocate the equity and make things normal again.
Unions are simply a monetary organ for the democrat party in particular and the uniparty in general.
Voting for things is Good waiting for a dictators reply is bad. Unionize so you have a voice. @@guyindecatur
@@guyindecaturI was a union member for 25 years. Unions are basically a collection agency for liberals. It is what it is.
It's about power.
Remember there is always money for war😂😂
"The US is the most war-like nation in the history of the world with less than 20 years of peace since its founding in 1776. Since 1979, we have wasted 3 trillion on military spending, while China has not spent a single penny on war, that is why China is ahead of us in almost every way" - Former US president Jimmy Carter to Donald Trump April 13, 2019
Of course we got to feed our AK's.
Always…
You think jeffrey epstein was a one-off? I wonder how many little boys israel has supplied to Linda Graham?
@@containedhurricane A lot of wasteful spending and God knows what else going on
Top 1% has about 60% of middle class money and we ask why the subs are slipping into poverty? How bout why do corps and philanthropist need so much money? How did they manage to be allowed to literally hoard money? Could one say profit is theft? So many better questions than why are the subs in poverty?
One of the first thing the bolsheviks did was destroy the kulaks (middle class).
Recent news report. Stated that the top 1% have more wealth than the entire Middle class
@@johnmourer5747 Well damn
Property is theft
@@NopeUghUghAbsolutelyNot Look when a few people have a hundred million dollars why not want a few hundred million more. Debt much like greed is infinite
Transportation costs way out in the suburbs is way high. When you live in civilization, you don't need a car and all the expenses that come with one. In the suburbs, car dependency is built in to the infrastructure and makes it VERY hard to break out of poverty. It's hard to get a job when you can't get to work.
Suburbs have very high transportation costs.
I live in a city. If I had to own a car I would have financial problems.The costs of car ownership are crippling.
True but there really isn’t a southern city with decent and reliable public transportation that would alleviate the necessity of car ownership. Most of the poverty in the US is in the south.
@@willis7404Yea that’s true, I wonder why?
It’s a disgrace and sadly it is only gonna get worst!
You calling karma a disgrace? LOL. Good luck little boy.
Of course politicians don’t talk about it!
are people living in hotels/motels, cars, not to mention shelters and tents being counted/polled? or otherwise accounted for?
Simple, poor people being priced out into the suburbs and stereotype suburbanites are moving into pricey Intercitys (gentrification)..
Guess it was ok when it was happening to inner city kids...
What about people living just above the (very outdated) poverty line who are actually worse off than those able to seek help from government agencies? The forgotten middle are struggling even more than those who can access funds…..
The Democrats continue to use your tax money to pay and subsidize illegal immigrants instead of helping .legal tax paying citizens.
Say that!!!! System is so backwards and trash!!
If you ain't rich, you ain't nothin'. No exceptions.
It's like the old Monopoly game. The billionaires have more then a sane mind can justify, and "We the People" have damn near nothing.
It is Monopoly but life itself is the board!
Government printing ip money that creates inflation. Then that money trickles up to the ultra rich. Covid spending made 95 new Billionaires in the US. 😊
You sound like a victim
@@johnyang1420 Because we are ALL victims to this rigid economic system.
I have been watching this shift for the last five years. I live in Boston and the city is no longer affordable for most, especially first-time home buyers and renters. So, the low-income people move to the suburbs.
Living above one’s means, not having an emergency funds, and requiring the use of credit cards to meet financial stability is the biggest financial red flag/or high probability in ending up living in a car/RV/parents basement. Many college degrees are money generating profits for the colleges/universities, but worthless for the graduate, debt generating, and many degree do not produce desire wages/salaries for health finances. Also, a persons bad financial habits, overspending vs investing, marrying the wrong person, health issues, etc… can also hinder with financial struggles.
100%
While the elites have record profits we suffer and get poorer their busy worrying abt which yacht they’ll buy while we out here having to work and pay ridiculous amounts for grocery’s
lol wait' Por folks can afford the prices of food and still able afford that 80k truck or car? Sounds like poor folks are doing ok?
We aren't getting poorer
Suburban homes are money pits. They are huge, cheaply made, and so car dependent that every able bodied person has to have a car means more expenses and loans. Modern suburbs are just unsustainable from a financial and ecological standpoint. A 100% car dependent also encourages strictly sedentary lifestyle that also increases medical care costs. A lot of the suburbs in the northeast built in the 1960s-1980s the homes are way smaller and more manageable, and pretty well built.
I agree and most of these people are too busy working away from home to enjoy it. I know people who live in 3000 sq ft homes with some acreage AND kids. Not only could I imagine the financial expenses, there's also a time suck as well doing everything to maintain that lifestyle decision. We lived in the suburbs for a couple of years as my husband grew up in the suburbs. I grew up in NYC. Automatically we needed 2 cars, lawn equipment, etc just to have the basics covered. None of the extra expenses went to enriching activities or cultural excursions. We sold our home and moved into a townhouse in a nearby city. Downsized to one car for longer distances and carrying large items and use public transportation/walk whenever we don't need the car. And our yard and lawn equipment got replaced by a huge park in our neighborhood. In the suburbs you pay a lot of money to essentially live a Groundhog Day lifestyle. No thank you.
He'll yeah let's all live in a 100 square foot box in a city
Our leaders and politicians lack the will to show compassion towards the poor.
It's about priorities.
Providing quality, accessible, and affordable public transportation options like metro / subway, bullet trains, light rail, and buses throughout the entire United States should become a one of the top priorities of both local, state, and federal level governments in the United States. With public transportation, one doesn’t have to rely heavily upon either owning a car or asking someone for a ride every where. Great public transportation that goes almost anywhere can allow one access to more opportunities. Plus, the financial benefits is something that could alleviate some of the hardships people are facing today. It’s one of many things that can be addressed to help the issue of poverty along with society in general.
I was about to say just this! Car centric living is very expensive for many people.
As a mom of four children, I used public transit up until 2020. I've been a mom since 2008 when I was 18.
I never learned to drive until I turned 30, because I grew up in fostercare and didn't have resourced like a family or ability to access basic things.
Me learning to drive and then eventually getting a car is why I'm climbing out of poverty.
It's why I can work full time and take my children to and from childcare so I can keep working.
Your comment is clearly evident that you don't have several children and where you have not been forced to rely on public transit for the majority of your life.
@@floodwater8234- You’re loud and wrong! I have relied only on public transportation my entire life since the age of ten! I still rely upon public transportation everyday today as a adult! Without public transportation, I wouldn’t be the person I am today. Public transportation allowed me to obtain a bachelor’s degree, work, have a career, and financially support myself, run errands, and have a social and love life. I’ve never had people who would happily give me a ride anywhere other than rideshare services (which I rarely use). I’ve always had to deal with people who provide toxic help. Hence, my reason for relying on public transportation and maintaining my freedom and independence. There’s millions of people across the world who have children and are successful in areas rich with public transportation. New York and Tokyo and other metropolitan areas are examples of this. And, with the combination of good public transportation and good access to WiFi and mobile connectivity, one can open up more opportunities to overcome barriers of poverty, along with other factors of course. Not having a car didn’t stop nothing in my life and millions of others as well.
@@UrbanLateNights How can you say you “rely on public transportation for freedom and independence”? This very statement proves you are not understanding what relying on something other than yourself really means. If public transport isn’t available due to various issues outside your control you immediately loose your freedom. Same can happen for car owners but the vast majority of those issues are WITHIN the owners control (maintaining the car in good order for example). I’m glad you like your public transport system BUT please don’t tell me it gives you maximum freedom. It doesn’t. First it dictates where you will live since not all communities provide such. Then you are limited on the routes that the system covers and not a mile away… Some freedom and independence!
Go to the DMV first and try to do anything. After that, then tell me you want the government to run something.
Why!? Because everything is high! Milk is high, gas is high, electric is high, housing is high, transportation is high, college is high, tax breaks for the wealthy are high. The only thing that’s low is wages.
Gas prices are low. Sorry to disappoint
@@thedude5040gasoline prices are low? Where do you live?
@@jamiemcgill67 kansas. It's like $2.70 something right now.
@@thedude5040 nobody even lives in kansas😂
@Zerospawnn around 1% of US population lives here. We make your airplanes, your beef, wheat, and export excess electricity to the right coast and Texas. The state of kansas is one of the most financially independent states in the whole union.
Poverty is on the rise because U.S Government sents an approximate of $100 billion per year to foreign countries which accumulate $Trillion of lost capital with potential productivity from the U.S economy.
"which accumulate $Trillion of lost capital with potential productivity from the U.S economy."
What are you talking about? The exact opposite happened. The $100 billion wasnt sent overseas, it was almost entirely funneled back in the US economy, increasing productivity and leading to more jobs in the defense sector.
So the facts are the exact opposite of what you have stated.
LOL at this. America does not exist in a bubble and global economics affects our economy. Second we have a budget for a reason. What we send overseas is peanuts in our budget. I see plenty of jobs in the STEM fields so the question you should be asking is why are companies having problems filling these fields. Why are we so uneducated to where we can fill these jobs.
Blame the government just like always 😅
USA is COMPARED to the Roman Empire
Corey is a Dem fanboy 🤣
Homelessness set an all time high in 2023. 2024 will be another record.
Homelessness has been on a steady decline. This just isn't at all accurate
For average American to survive,I think will all need to find alternative means, imagine working for 40yrs to have $1m in your retirement, while some people are putting just $10k in a meme coin for just few months and become multi millionaires. if you don't invest, you're missing out on opportunities to increase your financial worth.
Why do "news" outlets keep doing stupid stories like this?? The cost of living is obscene! Even the most basic apartment can cost 40-50% of your salary.
Find a roommate or leave for a different country
@thedude5040 lol what? Leave for where? Those places have requirements too. And they don't want to import the poor.
When I first moved out on my own in DC, I shared a 5 bedroom house with 6-7 roommates. Everyone I knew did that. Do people no longer share housing?
@stormyweather2807 depends. In college yes. My rent ranged from $215 to $400/mo. Immediately upon graduation in 2018 I no longer needed roommates.
@@thedude5040what about the children who can’t “leave the country”?
There's many reasons. One of them is the capitalist system has been bastardised and one contributing factor are the
toxic and corrupt career politicians who have largely added to this problem.
Capitalism is working exactly as intended. And one of those intentions is to convince the public to oppose the state, because it is their best means of rebalancing power away from markets towards citizens.
@@Rnankn Labor was right Capitialism has been replaced except not with Labor with a Technocracy.
I love capitalism, it lifted me out of poverty. Thanks.
@@Rnanknsocialism is the problem the government spent 7 trillion… just the federal government. Capitalism is the solution
The real problem is greed. Whether Capitalist or Socialist, greedy politicians in power find a way to ruin it.
The host and guest miss the major point. Serious inflation due to the Fed's zero interest rates for 20 years is a big factor. Salaries and jobs have not kept up with their money printing.
Simple everything keeps going up, and wages are stagnant. Isn't minimum wage meant to be the bare minimum to survive. Definitely not the case cause you can work two minimum wage jobs and still be homeless and need assistance. The smart thing to do is learn a skill you can do remotely, find a country where you can get more bang for you buck, and become an ex-pat. Things are going to get a whole lot worse before it even gets better. George Carlin said it best "That's why they call it the American Dream, because you have to be asleep to believe it."
Yet isn't it funny that every time california or other states raise the wage rate.... thousands lose their jobs and those jobs are completely removed from the job pool. Then the catch 22 is that then makes products more expensive..... and groceries become more expensive... and we are then like a dog chasing its tail and back to square 1. I think its time to put that minimum wage argument to bed. Where I live the minimum wage is still something around 8-10 dollars... but in reality I see its 12-15 dollars on all the we are hiring signs. I think its time we rethink this and stop blaming minimum wage... there is something else causing this issue and its complex and multi faceted.
Personally I think it has to do with overspending (government, government handouts from covid years, personal), people expect to live where they want AND spend how they like without honestly looking at their finances and possibly looking at living below their means further away so their family can get ahead. Lack of education options for those in generational poverty for trades and other alternative higher education options, and those who did tke higher education squandered it on bogus degrees and living life high on credit now saddled with debilitating student debt. And corporations don't value workers anymore and only listen to shareholders causing everyone to suffer. Also this sad trend of a rental lifestyle instead of owning and those investors scooping up homes left and right making it hard for first time homeowners (many saddled with debt already) then are forced to rent and cannot save anything from their paycheck latter investment, retirement, let alone paying off debts. People have to learn to live below their means and make a serious plan to dig themselves out and do pretty much whatever it takes to move out even to get ahead. Older generations moved where there was opportunity.... newer generations generally act entitled and refused to do that.... so they are suffering more. Just my 2 cents I have observed.
I personally had to sacrifice a lot and go without for years so my husband and I could afford a home, it took forever on that battlefield called the housing market during covid years to get one. It was like swimming with investment sharks..... it was scary. Finally did get our home, but it wasn't cheap like when we started our search. But the sacrificing and going without and having no social life for years was worth it. Out of all our friends our same age, only 5-10% have a house... the rest are in debt and renting and just can't figure it out. one of them who does have a house is still in major debt, but finally got on the get out of debt reduction bandwagon to free their family up so they can one day spend as they like and are going without luxuries and selling off toys to start doing so.
Its not easy growing up a millennial and seeing the sheer entitlement and I cannot live without this mentality... its sinking us all.
Wages are going up
@@jsebby2284Yeah, for the upper echelon they are. For the rest of the people in the real world, they're struggling to survive due to outrageous living costs, food and housing are through the roof. I feel their pain now more than ever before.
Its called, employers dont want to pay.
Exactly
BLACK AND BROWN PEOPLE…… 😂😂😂😂 “We Been On This!”
I remember during the 2008 recession, 50Cent was on some show talking about the markets and the host asked him about how the crisis was going to affect the poor and he said something along the lines of "nothing is going to change, it's been like this".
Not surprising as the baby boomers move into old age. A serious health issue can wipe out their savings and push them into poverty. Most families cannot afford to pay $10,000 or more a month for nursing home care or memory care and it’s pushing them and their families into financial ruin.
When Even China has universal healthcare that is the top 5 in the world, universal education, and cost of living is incredibly cheap. there is no excuse for the united states not to have these things, i want my tax dollars to go to health care and education NOT this war in ukraine and israel. We are literally only existing to pay into the war machine and i am tired of it.
Poverty exists because bullying exists 😂
the issue is in the title of this story alone. The Suburb were built to bankrupt America. when we build car centric places where we are required to own an expensive car with expensive insurance and expensive maintenance and gas of course we are gonna be bankrupted and lord forbid the car breaks now you can't get to work and the price to fix it might bankrupt your. and that's just talking about cars. not even talking about crappy healthcare that cost a fortune for low quality, the cost of rent skyrocketing because of landlords hording housing. the list goes on. now we have this fake inflation going on spurred on by corporations making record profits
Hosing shortage? And just how many illegals are in the US. The estimate is about 50 million. And 80% of those are on at least *one* form of welfare. The US is doomed unless . . . . .
The cost of living is too high and going ever higher. It's really that simple!
Also, many of the major cities are seeing heavy gentrification. That is pushing many of the poor and working class into the suburbs.
Reason #1: real estate speculators
Parents who move to the suburbs are isolating their children from easily accessed jobs. Homeless people are the sons and daughters who are unable to keep up with their parents economic standards.
The US has had much of its industry out-sourced to China - wall street loves to twist arms. Factor in the (not so) federal reserve debasing our currency while congress greases this skid with deficit spending - it's reported that the high end estimate of illegal immigration costs the tax payers $450,000,000,00.00 per year. And the first thing the new speaker, Johnson, did was to pledge full support the israel. Disgusting.
I moved to a suburb with a heavy-handed police force to save lives. A home intruder won't survive me and neither will any accomplices outside.
Also the toll road puts economic barriers and photo evidence everytime the thugs try to come to this side of town.
Why can't the USA build a better transportation system?
Since 2008, The Federal Reserve has rewarded people that were debtors and punished savers!!!!!!!!! There needs to be a serious RESET!!!!!!
Amen!
We've been extreme savers since 1995. We learned how to invest in the stock market, real estate, treasuries etc. We just don't spend. We don't give a flying duck what our peers have. We've shared a car for almost 30 years, cook everything from scratch, clean our own house and do dozens of other things people hire out for. Will we need help when we are older. We prepared for that by saving and investing. You can't have it all AND have all your money. People need to RESET how they think about life.
My parents bought their home in 1999 for $144k and today it would list upwards of $425k. Check the stats on the US Debt Clock yourself, Salaries between 2000 and now only rose about ~12% whereas home costs have risen over 200%. It's not even close to he same market/economy as it was in 1995. The value of the dollar has demisted since the last major inflation in the 1970s. Personally, I want the value of the dollar to be stronger vs more money, because then everything would just cost more. We have to find a way to increase the value of the US dollar and also lower the costs on things. @@Deva-no3dn
@@Deva-no3dn well said, I plan on putting most of my money in TLTW, a treasury etf that pays roughly a 20% yield. A Recession is pointing towards March timeframe.
You mean the billions in PPP loans that were forgiven? Mostly all rich people,
Build another lane bro, just another lane. Single family housing with big parking lots, bro. Just another lane, trust me. Suburbanization and car centric planning is good. Please bro, just another lane
American Government needs to help American people First. America shouldn't have any Homeless people, Starving people, etc, etc. I understand helping people... We shouldn't have to pay taxes.
You want the Government to do more but you don’t want to pay taxes. 🙄
Income tax should be gone. Ww2 taxation shouldn't be a thing anymore.
It doesn't matter how much money you throw at the problem they don't have an effective game plan or institutions that could handle that with the staff to run effectively imo. But all the money that's been sent over seas to fight wars that have nothing to do with us is absurd.if the money was kept here it could certainly get the ball rolling but we need a president who is gonna get to business and handle some real problems domestically. Biden hasn't done it. He is not for the people!!!
you had me at the first half then you said that we should pay taxed >.> I don't think you understand how government works.
if by no one should pay taxed you mean anyone who makes under a certain amount then yes I think anyone who makes less than $50,000 a year shouldn't but you know who should? The people who make way more than the average American, aka the billionaires who are leeches to our society.
Cool it with the antisemitism. /s
GREED and the owner of these big and small corporations dont care about their workers
Suburbs were for a pre-computer lifestyle. Suburban large living spaces for leisure time hobbies are less important when free time is spent on-line. The suburb housing developments, with famous mazes of going no-where streets and cul-de-sac roads, that would deter non-resident drivers do not work as well in the GPS Era. More drivers on suburb streets is making child rearing no easier than in city grid, hi-risees or condo/apartment complexes. The suburban lifestyle is out of date; thus, more likely a place for the poor to move into.
the avg home in the us is 400k the poor aren't moving to the suburb's
Planning for burbs is a concept that isn’t aging well. They’re inconvenient to get to and one of the main causes of horrible traffic in the US, plus with their sprawling infrastructure it is hard for of the burbs to last one of two generations without having budgeting issues. I wonder if many will go bankrupt in the near future.
They meant a mid size metro.
Something between 250000 and 750000.
The study is called Why Midsize Metros Deserve our Attention.
The average family lives in a three story apt complex even in midsize.
Look at Fort Riley near Kansas State, Madison WI, Penn State.
Both North Carolina and Georgia have most people in a county with less than a million.
At the end of the day, practically nobody lives in a county that is a tenth of a congressional district's 75000.
@@rubbishrabbleI live in Marion County in Indianapolis, IN. Our population is 999,000+. I have lived here for most of my life and I recommend it.
@@ashtonstout7375 Indy is closer to 2.4 million so it is a three district metro.
It also has five counties with each closer to two twenths of a district or 160000.
Piedmont Atlantic megaregion is a good example of a majority midsize with Chattanooga TN, Knoxville TN, and various midsized in SC.
Another is Greensboro Winston-Salem High Point NC with only 675966.
Anyways my family always went straight from Western MI to Chicago to WI, but Indy sure looks nice NBA in season tourney & Colts NFL.
I got my five $2,000 phones, six $60,000 cars, nine-bedroom,4 bathroom $1.3 million dollar house and 16 streaming services. I'm happy.
You are late about this topic. Poverty starts with wealth
Them honda odyssey payments will sure keep you poor
"A lot of people in poverty work" ......no sh*t, Sherlock. A lot of people work 40 hours a week and still live/exist/survive below the poverty line.
"Poverty is a policy choice."
Lucked out. In 2008. My wife and I owned our house since 2003. We hit pay dirt and purchased 3 rentals. Construction workers were out of jobs. I had work done to them really cheap. Just sold our rentals last year. Right place and right time.
That's what the grade school kids should of been doing instead of attending school
Nice!
HOA, home insurance, and property tax cost more than food for a whole year.
What happened to the 'dignity of work' so many people have struggled for from the 19th century onwards?
You voted Republican.
the majority of people in this country DO NOT live in suburbs!
Printing money we don’t have and the country is running out of money destroying our energy resources
Declare war on the energy and you declare war on literally the entire economy.. We can thank 0bama for declaring war on energy by his strong-arming banks not to do business with oil companies. And 0biden bans drilling for oil on federal lands (and why the hell do the feds own so much land?)
it's called "European Style Empire Rot", keep overextending to outside things, but not properly addressing internal issues
Despite the high cost of living, it still remains more popular than ever.
Inflation, high interest rates, Wall Street firms buying blocks of homes in a day, jacking up rent rates, mass migrations. Add it up.
Does anyone here in youtube knows EXACTLY how the suburbs came into existence? It is not because of the car or automobile, it is the trolley car!
The electric trolley car introduced in the late 19th century made it practical for people to move around not just in the city but also OUTSIDE OF THE CITY where there are vast land areas used as parks, recreation and leisure areas, vacation homes and gradually into 2sd homes that became residential areas. At night the trolley cars were replaced by freight trolley cars to get farm goods and industrial goods from small family owned farms and gardens and workshops and small factories and
what-have-you.
Then came the automobile and buses that were pushed onto the unsuspecting American public because GM and other companies conspired to sabotage and destroy America's world successful mass public transit system and thus created a 2sd kind of suburb not built around the electric trolley cars but around the automobile car.
Today they are called light railway transit trains that was able to repay their initial investments INDIRECTLY because even if they are unable to pay back their initial investments in passenger ridership, they are able to INDIRECTLY PAY BACK IN THE FORM OF NEW BUSINESSES AND INDUSTRIES CREATED BY THEM RESUTING IN THE NEW JOBS CREATION PROCESS that created new employment and new employment means new INDIRECT tax revenues.
Tax revenues and return of investments ARE NOT ALWAYS DIRECT BUT OFTEN TIMES INDIRECT. But politicians and impatient investors are SO SHALLOW MINDED AND SO NARROW MINDED that they do not see the whole picture WHOLISTICALLY as they should have been seen as such in the FIRST PLACE!
Yes and I remember my grandfather telling me about it and showing me where they were. We need to all band together and fight back. From crisis to crisis and all manufactured by the criminally insane, my opinion. People with a healthy conscience cannot find any of this acceptable. We need to do better for all life on this planet. We can do it and be better off. Loneliness is a problem now? Of course it is.
There are no maximums. When everybody was paid less, rent was less, food was less. Desirable jobs with excellent benefits moves in and pay move in, politicians love because more tax revenue
Education is a desire not a financial issue. Desire to educate kids as a community and kids desire to use available sources like internet and google. Libraries are free. Waiting tables isn't a reason. Lack of skills and production facilities is the problem. At the very least help your kid get a cdl license at 18.
make it illegal for employers to ask for degrees then
I want to know how many Americans who live below the poverty line spend more than 40% of their weekly income on food and nutrition
And over 50% on housing
Being loosely involved in real estate, I generally know the answer to this question.....
1.) Gentrification
2.) employment sectors, specifically during and after COVID.
3.) Average American not as motivated because of high cost of living, crime, moral decline, AI (autonomy), morally inept young adults, no more retirement plans/pensions.
All of those things (plus a few that I didn't mention) put in a pot, mixed and this suburban poverty is the cooked outcome.
Too many jobs don't pay wages which pay need to survive nowadays. Education is important, but if we neglect living wages for blue collar wages, then nothing is being solved. If this problem isn't solved, somebody else will simply be take the job with substandard wages which is simply kicking the can down the road, so to speak. It is sadistic to not solve the problem for blue collar workers.
Ummmm they over spent like economies only move in one direction. fat cows are ALWAYS eaten by skinny cows. Prepare accordingly.
NIMBYs: “You were the suburbs! You were supposed to exclude the poor, not join them!”
Dude. When houses are 800K for a 2 bed home in a crammed neighborhood where you get a 4x4 yard…yah, many folks 70% are house poor. Put it all in the credit card…keep up with the Jones. 🤷🏻♂️
We have, what, 40 million illegals? The "notion" of birth-right citizenship needs to be abolished. ASAP!
Zero other countries have this policy. None! Imagine showing up in South Korea or Malaysia and say - I'm here, feed me, clothe me, shelter me, and where's my effing iphone?
Another problem is dogs. Look at how many dogs poor people own
Then it's people like you always in someone's business
@@guyindecatur There are countries that have birthright citizenship. Please do your research.
Value of the dollar is going down. I remember being able to buy 4 cans of most vegetables for 1 dollar. Now 1 can cost a dollar or more.
My old apartment in the ghetto of LA was $900 a month before 2020. Now its $3000 for same apartment in the same hood
La meaning Los Angeles? If so MOVE out of California. Your cost of living is going to keep folks in a Holes
everything went up in price, you know it's bad when fast food and ramen noodles is starting to get a little expensive.
The cost of living has really skyrocketed in the last 3 years and we know why
People buy too much and pay outrageous prices. A truck for $100,000. Then there is simple greed from the rich.
Surburbia voted for this.
These are a lot of the same people that had way too strong opinions against the homeless for not having a 12 month emergency fund saved up.
They can never save enough. It is more expensive to be poor! My teachers warned us to not be complacent because holding onto what we had was a never ending battle. Some rich are just rotten. They forget what matters. It is relationships. Not egos.
I think there comes a point where you have to realize that this world is too difficult for a chunk of the population. If it weren’t for the ability to save passwords, I’d be out there too. There are too many usernames and passwords. You forget your username…sheesh…good luck.
Two words and three letters, Property taxes and HOA. The American home ownership dream is dead. You aren't buying home or property you are buying a liability. The property taxes and HOA payments are far too high. The insurance and mortgage itself is also a problem.
Especially these days with the interest rates. 7% with 10k taxes is just to be able to reside in your home, not including utilities, maintenance, repairs, etc. Many families are have set themselves up for a lifetime of debt.
Cause ppl can’t afford to live in the city 😅
America is literally hurting right now, where is the help? The people needing help now are normal Americans that work and some have 3 jobs and couldn’t possibly work harder. Where is the government? We see it in Ukraine but where’s the help for Americans???
when the RICH don't help the POOR - the POOR help themselves! = so open your hearts & wallets or risk theft & robbery - common sense.
More like French Revolution 2.0 at this point.
EXACTLY.... history repeats itself @@jmcnally647
Healthcare costs are nuts . Insurance and property tax too .
Capitalism in its monopoly stage.
Think about it there's only one reason CAPITALISM it's out of control
Education means nothing anymore. I became poor because of education following 2008 recession. Employers were not looking for the smart kids after graduation and when I graduated from my Master's education employers were not looking for skills and highest level of education. This is why there has been unemployment and underemployment due to job recruiters who were in the majority women from 2008 who were looking for their charming knight instead of thinking of how more people can work to increase employment rate and end the recession.
My employer came to my university twice and hand-picked the students he wanted working at his delivery center. But I'm talking 2011 though, and only obtained a mere Bachelor's in a highly technical field where people with no experience are also employed.
You became poor because you failed. Don’t blame women for your shortcomings.
@@williamwilson6499exactly.
Yeah. This was my experience too.
When people become overeducated they re-rig the system.
Exactly what I've been saying for the last twenty years. The world is super saturated with a bunch of know it alls who paid an exuberant amount for a piece of paper 😅. FYI I've also been not choosen for a job that I have many years of skill doing in favor of a women,. Even tho I was the better candidate for the job in many aspects. There is a problem with this in the corporate world I've been discriminated on bcuz I am capable. Well, needless to say they got what they want. I dont ever call out. The woman had 5 babies 👶. How much do you think she calls out a week lmao 😅
wow. back-to-back lies, no real surprise though. babylon u.s. has fallen. it’s a bumpy ride, but to god be the glory!!!
Weather you believe in the Lord or not ,the Lord words has to come to pass , the Lord put us here to love one another and work together but Greed is in so many ppl heart
Actually God knows you supported Bush & the Iraq War and this means you're Sin Are Too Great already.
@java4653 national sins weigh on the country like a millstone and people wonder why all the past zeal and exuberance is fading rapidly.
Car dependency. $4 gas, surging cost of vehicles, maintenance & insurance. Surging rents on corporate owned housing. Just dump it on suburbanites, they can afford it, right? Nope.