I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
'Grace Adams Cook' , is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
My mom visited me recently. She helped me buy groceries for the next month. I cried with gratitude and relief. I asked her, “when I was little did you think your kids would have a better life than you did?” She sounded so sad when she said, “I really did.”
It’s all a result of globalization. The wealth of rich nations is transferred to poor nations in trade for goods, bringing the 3rd world up and the first world down.
One of my relatives was a doctor and bought a house in California for I think like 150k, now it's worth 1.6mil. They only bought it back in the 80s (I think).
I left USA and bought a 2 acre land with a 3 bedroom house in south America for $30k total, including the land. I am mortgage free and living off my farm. I will never go back to the states.
I'm moving to Colombia for retirement. Food and housing are cheap.I bought 2 steak dinners with potatoes and fried yucca,a salad,and a pitcher of squeezed lemonade for $17. That's easily an $80 bill in the USA.
i came to US from Taiwan in 1999. i am now thinking about going back to Taiwan. on top of the absurd living cost in the US, the crime and general social implosion is just getting scary. in the last 4 years, 5 people i know already left to go back to Asia, 2 back to Thailand, 2 back to China, and my sister went back to Taiwan last year. and we are still young. i cant not imagine living in the US as 70 year old. no job, no saving, and expensive medicine that would render you homeless
Registered nurse here. I worked hard in school and am 4 years into my career..I budget and don’t overspend and life is just toooo expensive. Its disheartening.
I’m an RN and the pay for hospital nurses on med surg floor was not great, especially for all the stress, no time for even a bathroom break. My last year working as a med surg nurse they decided to do a bonus for Christmas, full time received $50.00 and part time $25.00. The CEO bonus of course was in the millions. I would never recommend anyone in my family to go into nursing. It is just a business like anything else and they wonder why nurses are leaving. Doing 12-13 hours days or nights and then on call with terrible patient to nurse ratios.
@@ShaneConQuesoSame, I bought my house in 2017 and my home value has sky rocketed to where I wouldn't be able to afford mine. Also my HOA fees are so high that I'm still getting kicked.
@@mwilson3602 all my RN friends also have similar sentiment regarding their pay, but they only work 3 twelve hour shifts a week (considered full time). OT is offered but they dont take it. If they were genuinely struggling as bad as they claim they would work at least one additional shift a week which would be a 25% salary bump (or more depending on OT pay). Most people would kill to have a 3 day work week! Even if it is 12 hr shifts. 4 days off a week? Thats cushy
‘America is too expensive. A house is 10x the average salary.’ A few weeks ago. ‘Lemme show you how I’m gonna landlord/airbnb this investment property, price gouging tenants rent equal to multiple of my mortgage.’
Based on my observation in my 3rd decade as an adult, I think many people just have unrealistic expectations of where they should be based on their actual circumstances. I have a high-paying job but I see many of my coworkers and neighbors still living way beyond their means and taking on lots of unnecessary debt.
It's funny the comment says the middle class doesn't exist but yet the professional is now middle class. That would mean a middle class exists. Throughout history this is how life goes. There will always be people who don't make enough or barely get by.
@@beatbuildersstudioI think what she’s inferring is that the professional class used to be the upper class, but today they’re the middle-class. This is especially true for tech hubs such as the Bay Area, Seattle, San Diego
IKR? I have become the primary caretaker for my 86 year old mom. If I could get her to get on an international flight, I’d sell my house and be gone by Christmas…
Me too bro. I take care of my 74 yr old mother. I'm the same way. If I could afford the flights 4 us, we'd be gone. Our cost of living is not sustainable as americans. @tonyjones1560
@@GengoSenmon True…unless or until you renounce your US citizenship. If that made social AND financial sense for me, I’d do it in a heartbeat…but I’m not in that situation yet. May never be there.
@@sean8514 I’m lucky that my house is paid for and I have almost no consumer debt. I’m just beginning to understand how much planning is required to take such a big step! I have to expand my timetable to Christmas of 2025…!
They chose poorly. Remember young people have no life experience and moderns have been raised by silly fools to be silly fools. Meanwhile my trades students (those who made the effort anyway) have good jobs because they went to AFFORDABLE community college then became mechanics (who never starve), welders, electricians, controls techs etc.
@@AFollowerOfCanti You knew that field was crowded when you began so what make comp sci look like a wise move instead of a field where you can be a bigger fish in a smaller pond? Smart play is take your degree and commission in the Space Force or Air Force for an instant career and earlier retirement than your peers. Government jobs are secure but people don't think to look for them.
My parents bought a 5 bedroom house on a huge corner block for $23,000. They paid it off in 5 years. My father played piano in bars, my mother waited tables in diners. They left me this home, developers are now offering me over $2 million for the property. I'll never sell it - ever.
2M would last 5 months these days (I intend for my comment to be an over exaggeration because I didn't look into it, but at this point I wouldn't be surprised if it's an under exaggeration)
I have been living in Mexico. I have met A LOT of people that went to the US and came back. They said they can make 5x what they make here, but the cost to live is 10X what they pay here so its not even close to worth it. The economy is starting to really pick up here.
I'm 38, with a bachelors degree, make $54k a year, and I live in an RV because I can't afford an apartment on top of all my other expenses. Germany is on my horizon within 5-10 years, depending on how much I have saved to afford expatriating there.
Everyone is trying to move & immigrate but what do you think what will happen when you get there? I’m literally dying to move to the NYC because things are cooked in Europe too
Most people can’t even qualify to rent an apartment. Because the major complexes are requiring 3 times rent. So for an apartment that’s $1500 you’ll need $4500 in gross income. Most apartments in that range are studios. Not feasible for two people.
This! Most young college grads will have to live with parents, live with a roommate or two, or have their parents cosign on their lease for even just to live in a small studio.
As a Swiss person I was shocked about all the prices (restaurants, coffee, hotels) in America on my visit this January. I last visited America in 2019 and the difference was really staggering - so in a sense I had the exact same reaction like you, in reverse :D
@@denniszenanywhere We had inflation here (energy prices, amongst others), but it was the lowest from all OECD countries. There's probably many reasons for this, but from what I gather part of the reason why ours was comparatively low is that the Swiss Franc getting stronger at the same time was "cushioning" some of the impact as we are importing quite a bit, being such a small country. Also, inflation target (and therefore econ. policies) of 0-2% is lower than in other countries, previously already high energy prices meant that Swiss companies on average are also already more energy efficient than rest of Europa, so lots of various reasons :)
I left the US in 2016. Previously I was a public school teacher in South Carolina, and now I work at an international school in Malaysia. Even though my salary is lower, the savings potential is much higher.
I did the same in Moscow and made bank. Check out Moscow. They have several international schools. One of my friends even worked at the Saudi one. My friends still live there and love it.
With how much teachers are constantly being attacked and screwed over in the US I can't blame you. I don't know who in their right minds today would even get into teaching in the US with all the stress in the field, combined with the absurdly low pay.
I watched the whole video and really enjoyed it but was surprised you made no mention of institutionalized home ownership. As of March 2023 it was estimated nearly 30% of homes were bought with the intention of renting it out rather than using it as a primary residence. Having nearly 1,000,000 single family homes owned by private companies for the purpose of controlling and raising rents on entire sections of the country is absolutely contributing to this issue as well.
@@777trader8 There will never be a federal law prohibiting institutional buyers from buying homes- so presidents don't matter. It is up to each city who controls zoning laws that can make a difference. Some cities have cracked down on Airbnb (which Shebly and her sister own) but they need to go further and prohibit institutional buying
100% Agree! We ABSOLUTELY need FEDERAL LAWS BANNING this type of Predatory Behavior! To those who think it'll never happen: Stay out of the way. Your mindset is unintentionally part of the problem. Stop perpetuating this bullsh!t. Yes, I GET IT that it's the current state of reality, but it doesn't mean that it HAS TO BE indefinite. There is serious power in numbers, but our MINDSET has to be focused in order to get housing under control. It's f*cking ridiculous that one of the richest countries in the world has a housing issue. F*cking. RIDICULOUS. We need to change our laws and make it illegal for absolute essentials like housing and food to experience radical change in a short period of time.
People think that when rates drop there will be more selling of their current houses which Im sure some might but not as much as people keeping their low interest rates and renting their old houses instead.
This is directly in ratio to the make up of the population. A good look at who made up the middle class in its hayday and who the major population blocks are made up of today.
I’m single income 33 year old Paramedic and bought a 1200sqft house in Canada on 2 acres in late 2020 for $190k.. similar listings are now >$325k.. I got in at just the right time because I could never afford anything now and maintain the same lifestyle. I make a good living at $80k CAD and have no debt, but had I not bought in 2020, I couldn’t even afford to rent alone right now because that’s even more insane. I feel for people in that position, I just got lucky with timing.
Wife an and I pay 4800 a month. For a property we bought at 570k. It's worth about 660k today. We still have a 2 thousand left after all hills are paid for the month on the usual.
@K.C-2049 where did I say that I spend all my money?.. I actually manage to save quite a bit each month but it’d be quite the contrary if I had to pay $1500/mo + $300 ish for utilities for a 1 bedroom.. plus a full months deposit.. that’s even if I could find anything decent as my province had a 1% vacancy rate in 2023.. I definitely wouldn’t be living as comfortably as I do currently.
I have a friend that moved to Germany and never regretted it. After her parents passed she moved. She had an expensive mortgage with 3 bd 2 bath 1 car garage and sold it for 3x she paid for it in the 2000s. The country has a flat tax where everyone pays into. Health care, dental and retirement is taken care for and invested in the economy. There are no homeless people in the streets everyone has a job and rewarded well. Her apartment cost $256 dollars a month plus expenses. Her wages around $3k a month. She saw this coming after the 2008 bubble she prepared herself and left the US.
Yes come guys! Its is now easier than ever and people speak english well on average, so itll be easier to settle in! But of course, to really feel at home learning german is important. But dont worry! It is related ro the english language :) Greetings from germany!
@@conniedaisy2278 I really don't get where they get this info when most Germans are unhappy with their country, burreaucracy and immigrants. Another lie that all speak English in Germany
@@Bethechange Well, solution for us selfish Americans hahaha The left love destroying their cities and states, then moving, then continuing to their destructive voting.
It only took me 4 months in Warsaw, Poland and Sofia, Bulgaria to realize a different location/country can absolutely bring you more happiness. As long as it aligns with your values, lifestyle and budget. P.S. these are two budget friendly countries. Your money goes longer in Eastern Europe.
along with south america , im already looking at property in rio since my in laws are from there , usd goes a long way over there , im just saving now to hopefully get a home over there at this point , i dont see a home in usa anymore
Absolutely agree with you!! I think this concept relates to your other video on being lonely. We are all too busy working 40-60 hour weeks, still being broke wondering how we'll ever have what our parents did at their age. And we wonder why everyone is so lonely or unhappy? I believe it's because we are trying everything just to keep our heads above water, and for some it's still not enough.
I moved abroad in 2009 after gradutating college in 2007 and strugging to find an even slightly decent job, I worked all kinds of construction jobs and odd jobs, then i moved Europe to teach English and suddently went to only working 25 hours a week and having lot's of extra income although my salary was lower. Every time I visit the US it's just depressing for me because everything just seems much harder and more expensive. It's important to realize that we have a government in the US who is absolutely not looking out for our best interests and they think they can ruin the middle class and the american dream and people will just accept it, one of the most powerful things that people can do is say hell no, I don't accept that, I'm out and I'm not coming back until the gov realizes it's got a major problem on it's hands and makes a drastic course correction. At this point the most patriotic thing you can do is leave.
The US government has more important thing, like some rights...., how to get money from hard working people and send it to poor. How to make us to believe that we are all the same. How to make everything free. How to make us not to believe in god, but believe in them. You see, much more important things. Also foreign affairs has the same things but for people out of the US,. :) You see.... immature government. Or something much worse?
@@acamiln8354 Yes indeed, I see that it's very important and profitable for the people who are in government but not for the average american citizens unfortunately
I will warn you, however. Like communist governments do, the US too will stop people from exiting out. They are already making it very difficult to exit out and stay long term. Every time bootyhole Biden exits out and spends time in places like Thailand and others where Americans are leaving out to, a new visa law comes out or some kind of big must pay expense/i'e repressive measure comes out. Go out now, while you still can.
If you leave the US and go to other country be nice with locals, be respectful, learn at least few local language, pay taxes, contribute to the society of that country, make it better.
I did all my gen ed credits at a community college and because of that, I had only like 1/4 of the debt of the people I know who went the full 4 years at a university. It's so gross how college is unsustainable at this point.
It’s where you go to college, my wife and I graduated over 20 years ago and both our nieces university is cheaper. If you want to go to party school USA then yeah it’s going to be crazy expensive.
Because people keep agreeing to pay those college prices. Stop giving them your money and they can't charge that much. Stop complaining about prices and then going right ahead and paying it and taking out that student loan. Also when the government got involved with student loans it caused prices to shoot up. College prices went up too when interest rates went down, you have to look at the payment cost, not the overall balance. Lower rates distort the price. And congats on making a good decision on what you can afford and going to community college. Too many people think they are too good for that. Well I guess those people can keep paying high prices and keep the prices high.
Apprentice for a trade. Make money working in that trade while learning that trade. Get your certification/graduate with $0 debt, make over $100k before year two, and before those 4-year college kids graduate with thousands in debt. Then vote Conservative.
As an LA firefighter currently renting due to the challenging local housing market, many of my colleagues and I are considering relocating out of state and adjusting our schedules accordingly. In the past, during major emergencies like earthquakes or wildfires, local off-duty firefighters would drive to their fire stations to assist. Unfortunately, living out of state means we won't be able to reach our stations promptly to help those in need. Best of luck to everyone.
I'm brazilian. I grew up upper middle class over here. Things changes so drastically in the last few years that I would be pretty much homeless if my parents haven't got me an appartment when I was growing up. Things are so expensive it's crazy and salarys haven't follow up over here either. I'm aware i'm very privileged but even this privilege isn't enough right now
In Britain we have the exact same issues. The only difference is that our salaries are way lower than USA and buying a house today is not even a possibility even for professional married couples.
That's the difference the salary rates, but it's a bit hypocritical for us to leave with our higher salaries and go to other places and keep our salaries
Agree, but I’d say only some parts of the UK, it entirely depends on where you live. I’m very fortunate to live in a beautiful part of the country where house prices are low. Me and my partner have somewhere between a middle and working class income and we were able to buy a house and so are most middle earners I know as long as they’re in a couple (which sucks in itself) But it’s certainly not possible in cities where the higher paying jobs are. I’ve seen one bedroom flats in London with virtually no space for the same price as our 3 bed in the country.
@kgal1298 your salaries are not high compared to Australia. We are also getting a lot of Brits moving here because of low pay back in the UK. Fun fact: the only people in the world not to emigrate to the US are Australians - I wonder why 😅
I love your channel! This video is absolutely accurate. Two years ago, I relocated to Spain from San Francisco, where I was running my own company and earning well over six figures. Despite my income, I felt like I was barely scraping by due to the high cost of living. Moving to Madrid was an eye-opener. I now enjoy a lifestyle that is very similar to what I had in the US, but with much more comfort at a fraction of the cost. For instance, a "very good" salary in Madrid is around 50,000 euros annually, which feels equivalent to making $150,000 in the US. I'm always amazed at how much more affordable life is here compared to the US. Regarding the American Dream, I believe it's somewhat diminished. However, for entrepreneurs, the American Dream thrives since our society in the US highly values entrepreneurship. This mindset is less prevalent in Spain. Starting a business here is more challenging, as I've been experiencing firsthand, but there are certainly trade-offs. Anyway, fantastic video!
I'm thinking of doing the same.. I will graduate from a trade job related to the auto industry, do auto trade jobs people get paid well over there in spain?
As a British person who has spent a-lot of time in madrid, you must be thrilled with your choice, is such a wonderful city and very affordable compared to many places 🙏
I left the US in 2018 and I’ll be getting my second citizenship soon. I don’t miss it at all. I call everyone who refuses to leave “left behinds”. I’ll be retiring in the Mediterranean or Thailand.
I got laid off at my 9-5 job and I'm starting my business. I get tired of the BS with the corporate world. Low pay, no respect, no job security....got to take matters into my own hand and secure my financial future.
Mexico City native here and living in the U.S for over 20 years now. I went to college here, got married later and have 2 kids. My husband and I make close to $175 K together but with kids now that money is going down the drain and living pay check to pay check. Yeah considering moving back to CDMX…
In 1988 when I graduated high school, I had a pretty good job, and was able to rent a house with a pool with my buddy and we both had extra money no problem. Life was easy and fun then
Yeah, but it's a bit out of touch for her to be shooting a video about how unaffordable homes are...in an amazing home that's in LA. That home she's in probably costs $5 million, and she looks barely old enough to be out of college.
Historically in Europe, there was the Aristocracy. There were lords, royalty, and the serfs. The modern-day equivalent is the minimum wage, wage stagnation, forever renters, food conglomerates, and record corporate profits a la oligopoly. The expansion of the "merchant class" was the only hope to break free from serfdom. Americans focusing and expanding on small business is the equivalent in current times.
Another huge contributing factor that could’ve been mentioned is that our government decided to print 40% of the currency within the last four years and dump it into the system along with the largest transfer of wealth in human history that happened during Covid. Idk about everyone else but I know that that had a huge detrimental impact on real estate prices in my area and they have not come down since then.
@@ShelbyChurch Easily an entire video and it's something that has impacted most people in the world. The pandemic was sold to us as a major health crisis but it was actually a cover for the largest wealth transfer ever. The 1918-1920 pandemic ended with boom times where the vast majority benefited. This time the vast majority were left shattered.
It should be against the law for a non-U.S. citizen to buy a home or land or farm anywhere in the United States. Just as it is for an American expat in THEIR countries. RECIPROCITY is the only moral policy.
@@dissident112 These aren't even corporations in California. A communist Chinese individual can smuggle his corruption money out of CCP China, fly in on a TOURIST visa, and buy a $600k house with CASH. I know eyewitnesses who have seen his happen. Foreigners -- not only Chinese -- now own millions of homes in California. No other country in the world allows this.
Actually, In many countries, they WANT non-US citizens to buy homes. As part of their Foreign Direct Investment. Thats why I have overseas properties 😂 But nah I totally get it. There’s economic downfalls and upsides to this. For people living there and people like me who buy.
@@deyshajohnson1926 Nowhere in all of Asia does an American have a reciprocal property right to buy a HOUSE. Nowhere. You can buy a tofu condo, for example in Thailand (which I would never buy).
We bought our house in Wilmington, DE in 2016 for $125k. We just refinanced last month & the house was estimated at nearly double the price. It’s an old, 110yr old house. We haven’t renovated anything, or done any work at all to it. If anything, the (shoddy) renovations done by the previous owner have deteriorated quite a bit. But still, if we were buying now, this house would absolutely NOT be in our budget. We’d love to sell & move out of the city, but right now we’re stuck here.
I grew up lower class, child of immigrant parents, youngest of 5 children. I went the community college and transfer to state route. I was able to pay for college with part time job income and living with my parents. I am an RN in California and husband has a blue collar job. We were able to save up by living with my in laws and was able to buy our condo last year. We have one kid, try not to spend excessive amounts and started investing in our adulthood. I really enjoyed this episode and found it very insightful, definitely agree on your stances/view/recommendations!
I just moved back to the States last May after spending most of my adult life in the UK....its everywhere! And it was just announced the UK economy is officially in recession. I am a single mother so 1 income coming into my house and everything went up so much in the year before I left, I was concerned I wouldn't be able to afford my house anymore. (which by the way my mortgage was half of the price of the rent for the exact same home)..Sometimes it feels like the only way you can possibly start to save anything to get ahead even a little financially is by living with other people who can all contribute to the costs of one household....I could go on and on about this subject...
😢thanks for your comment I'm originally from London UK I live in Dallas Texas I think it's a bit cheaper sainsbury's Marks & Spencer Asda and Waitrose seem to have cheaper food than New York. But the house is a cheaper in the South Texas. Healthcare is free in Europe
I keep hearing how everyone used to by a house on a single income. However, generally, the first house was extremely small, needed repairs and didn't have all the features of today's 'starter' home. Not even comparable.
The cause of today's economic problems started many decades ago and is relatively complex. Low taxation of the wealthy and corporations is a very small element of the problem; one that some politicians like to push to deflect blame from themselves. The current problems started in earnest many decades ago when large manufacturers starting shipping manufacturing overseas to cheap labor nations where they also didn't have to deal with labor and environmental laws. This was done to benefit the "investor class" who own and profit from these large corporations. A few well placed bribes, I mean campaign contributions, and they were able to do away with the import tariffs that had been in place for generations to prevent foreign companies from dumping cheap goods on US markets, thus driving US companies out of business. (except in this case, it was large US companies dumping products made with cheap overseas labor). The net result was that many good paying US manufacturing jobs went away and the middle class started to crumble. The investor class tried to put the blame on US labor which they told us was too "greedy." AS more and more jobs went overseas, they told us they had to do this to compete with the other companies who were already doing it. The race to the bottom. Another major element is decades of government overspending resulting in annual deficits and mind blowing long term debt. You could seize 100% of the profits of the corps and all of the wealth of rich individuals and it would not fix this problem. I believe the USA now has a debt exceeding $34 Trillion. The 3rd major element of the problem is the policy of the federal reserve when they try to avert economic tough times by lowering interest rates to a point that it is essentially free money. All of this easy money poured into real estate causing a huge bubble which burst in 2008. Then they lowered rates further resulting in today's real estate and stock market bubbles. All of the free money doled out during the "disease of unknown origin" just pushed things over the top. And yes, I do believe in the case of the latter, many companies used this as an excuse to jack prices up. Education also started to become more and more expensive as the government made money easily available to students. And as usual, the greed humans who ran the universities took advantage of the easy money coming their way and jacked up the prices. This massive bubble of all bubbles we now find ourselves in has to burst, and probably soon. What we do after that will determine our long term future. If they drop interest rates back to near zero again, inflation will just resume again and probably be very ugly. Also watch for ugly moves by the government as they struggle to generate revenue (i.e. take your money) so they can pay the interest on this massive debt they created. Good luck, everyone.
The so called rich and all these major corporations pay all the costs and buy the debts of the military industry complex. The actual "rich" are none other than the government itself!
You magically left out the immigration effect and don't @me with bs, you can see its effects all over the west. Now a lot of the west is becoming thurd world as well.
28 been living in an apartment for 5 years now, I make a good salary and have no debt, houses are crazy expensive even for people like me, the only way to get into a house is to have a spouse who also makes good money as well and you are smart and make strategic decisions with your money.
That's why, you're competing with people who have more than you and have a two people going at it. When women went to work and there were two incomes it drove up prices. You can still do it though, back in the day younger guys would work an extra shift, get another part time job, and only rent a room not a whole apartment, or sleep on a couch, they ate ramen soup, and didn't blow all their money going out and on unnecessary things. yup people did that to get ahead back then, and it paid off. It wasn't all rainbows and skittles like younger generations seem to think. But that is unthinkable to do these days, they will tell you all about inequality and they deserve better, and how they are a slave. Life is not fair, someone is going to outcompete you if you let them.
Good luck find an American woman like that. Third-wave feminism brainwashed them into calling a man like you "cheap" for even considering going 50/50 like that. American women expect you to pay for the housing costs if you are a man.
If you are a US citizen and you make over $110k a year in income, you will be double taxed wherever you live outside the US. Meaning if an American citizen moves to Germany, and you exceed that income threshold, you will owe the German government taxes as well as the US government. No joke. We are one of two countries in the world doing that. Obama signed that law into effect in 2010.
In 1920 the average house (in US) cost ~$6k or 300 oz of gold. In 2023 the average house is $400k or 200 oz of gold. Meaning it’s the devaluation of the dollar that’s the reason why you can’t afford a house. Nixon’s fault, we should have stayed on the gold standard. That way the govt would be forced to live within its means meaning more pricing power for everyone else.
That’s about how much my grand parents house was in the 50s in South Jersey. The difference is his house is maybe worth 275k today and your fathers house I bet is over a mil.
@@JamesG1126 The 1232 sq foot house we bought in Inglewood, CA for $80K in1982 is now appraised at $750K! The thing is, it is not sustainable. People have to have the $$$ to afford these houses. There will be a huge crash at some point.
One thing that should be mentioned is foreign investment in residential. This is a huge problem in California (I’ve read in several states but I can only speak to this state). It should be against the law for a non-U.S. citizen to buy a home here as a non primary residence. This is more of an issue in California than generational wealth.
Additionally, Corporations buying up residential real estate is also a huge problem. AND most people seem to be unaware that even the US based corporations that buy up Real estate are often FOREIGN OWNED on the back end. Worse, you cannot see the true ownership of corporate structures on the Secretary of State website, as there is usually a complex hierarchy of ownership which hides the true (foreign) ownership
The main problem in CA is that new construction of any type is incredibly difficult, so the supply of housing is much more constrained than places like TX leading to much higher of prices.
Why would they make it illegal ? Those people pay property axes and employ people to maintain them. The average American doesn't want to pay their fair share
I can relate to working side hustle. I used to work anywhere between 60-80 hours a week for years. Then for a bit over a year I was a full time grad student. The mental toll that all that work took… I was extremely burnt out, and it took me at least a year to recover. Going back to a regular full time job was nearly impossible after years of sleep deprivation. I couldn’t function. I was able to buy a house with the money I saved in a rural area outside of Austin, Texas, but I don’t think I’d recommend overworking yourself to anyone. Side hustles are necessary now to achieve your goals, but for those that choose to work extra, be mindful of how much time and energy you spend working. There needs to be a balance, and it’s very easy to lose that.
From 1950-1980 we weren’t saturated with millions of job seekers ( migrants) and had less competition for jobs or affordable housing. Supply and demand. If there’s more job seekers than their is jobs, employers don’t have to offer better wages or benefits. If there’s more renters than housing the prices higher
"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.
Great video, I wanted to add that not all boomers are financially sound. A lot of them that didn’t invest in their future are now struggling to make it off of social security and are now leaning on their millennial children for financial help which is also straining millennials especially if they have kids to provide for as well.
Great content as usual Shelbyy❤One point to clarify this, the wealthy do save up enough to buy their next assets. They do not save as a means of building wealth or as a retirement strategy..
Hot take -- the middle class is dead for people who "followed the rules" without having any financial literacy. Taking out $100,000 in student loans but then seeking out a job with a $50,000/yr ceiling is not going to work. There are jobs that don't need college -- but the classism in the USA is astounding. People will ruin their financial future just to not have to be a "laborer" or "blue collar"
The biggest class clown I ever knew was named Billy Reardon. Least likely to succeed - yeah he owns a plumbing company he started after high school and he has 20 trucks and 10 crews. Makes a lot more than I do/did as an IT pro for 20 years. Next door neighbor same thing - started a landscape / grass cutting company. Guy now lives on the lake and has 30 crews - he still answers all the calls and schedules all his teams. I got a BS in hospitality management and I've worked in IT for almost 3 decades. You can do whatever you set your mind to. I wouldn't let "blue collar" define me. These guys certainly didn't let it define them.
Im a 25 year old homeowner with no student loans because I took community college to be a mechanic, paid it off working two jobs while in college. Now I've been a Toyota technician for almost 5 years and make near the median income. I almost went to a 40k a year Car design school in Detroit, my portfolio was accepted and all I had to do was say the word, but I didn't and thank God everyday that I didn't fall in that debt trap
I definitely agree that businesses do not pass down increased revenue to their employees. An economy is based on the productivity of its people. Personally owning a business is a good idea!
@@ashishpatel350if you think you receive the benefits of owning a share you are mistaken. First, if it's in the US buying a share doesn't make you own a share. You have an entitlement to a share which is not the same thing as owning it. Second, I've owned shares in various companies. The owners have a plethora of ways to screw the shareholders over. At which point, you will say sell. Basically, owning shares has become like loaning someone money who you don't really know but they could take it all at any given moment. Either way, moral of the story is you want to own the company, not own shares. I won't go into all the methods they use for diluting your investment but two are; overpriced executive salaries including board members. Diluting shares by share investment schemes which undercut existing shares.
Yeah, board of directors and company investors keep getting wealthier rapidly, specially in the last 5 years, while the company’s G&A remains at 2-3% increase YoY.
It's the same almost everywhere unfortunately. I'm from New Zealand, been living in Australia the last couple of years and now in the US. US definitely has more inequality. Australia has better wages and overall cost of living ratios, but it's still crazy. I don't know anyone my age who managed to buy a house without family help. In my home city house prices are about 12-15x the average income, and you have to have a 20% deposit - who can save $100,000 while paying rent that is also crazy high??? It's frustrating trying to explain this to older generations sometimes, as they just don't get it.
So more diverse we get, the more immigration we have, the poorer we become. But we were told that diversity is our strength and mass migration is always good, even illegal immigration (then why doesn’t China and others embrace it too?). As America has become less White, we have declined by almost every metric.
True. I've lived in third world countries, and there's definitely a difference in intelligence between those who live near the equator and those who live in seasonal climates. Third world people create third world conditions.
@@sumisumi-by8xvoh of course, I mean the fact that >90% of your mortgages are fixed is such an issue for you - Americans even trying to be No 1 in the poverty stakes 🤦♀️
@@JBLegal09 what you are making in a month in England l, Americans pay that amount just for health care. We cannot even compare the cost of living. England is way way way cheaper to live in than america
During Reagan years. We had a small family owned business. We were going to the bank up to 3 times a day to make deposits. Those were our best years in business. We had a Mom and Pop hardware store/lumber -flooring store.
My husband and I finally bought our first place (a condo) in our early 40s. Of course we would never have been able to do it if we didn't have my husband's trust fund to use for a down-payment. It wasn't a lot, but it was enough to cover it. His grandparents (who provided him the trust fund) also paid for his college education so we didn't have that expense either. Without these advantages we would have never been able to buy.
I believe the American dream of home ownership was destroyed by the investment market competing for home real estate as an investment. Inflation happens when more money is chasing fewer goods. I frequently dream of leaving the country but I’m perpetually too broke to afford paying for my past mistakes. I may never dig my way out. I feel like an indentured servant 😢 Great topic! ❤
The problem with the American dream is the fact that home ownership is the prize. We have all been cajoled into thinking buying a home (which by the way is a bank product) should be the goal. I kind of understand why they don't teach financial literacy in school. But that's the problem. The reason why most people (the middle class) feel left out is because we don't own anything. We have been conditioned to just be the consumer. Work like a dog and save up to put 90% of your money into a mortgage for 25 years. The American dream is for home ownership. Not for owning rental property. Huge difference. When you invest into the market or real estate. You will grow with America. You can't take part of the rise of America if you're only the consumer. The American dream slogan was just great marketing targeting the masses. And it worked flawless.
@@DiamondFlame45 Thats not inflation. Its not the same thing. Over the long run, prices should actually go down and purchasing power should go up. This is because we become more efficient at production (see tv's for example.). Purchasing power should also go up as the population increases (same amount of money per less people). Yet despite this we still see a loss in purchasing power and prices go up. Why is this??
19:30 The only way this works is if you leave the US with an already built stash of USD to spend in your new location in local currency or if you leave the US but still earn in USD (i.e. work for an American company either remotely or as a transfer/expat or have American clients if you run a business, or even have an audience within the US - as you mentioned in the case of being a TH-camr). The inflation the US is seeing is felt worldwide (I don’t live in the US) - everything has gotten more expensive everywhere and as bad as things may seem, the US remains one of the countries with the highest earning potential. A techie leaving the US to work at a company in another country would rarely see the same salary they were making in the US. US salaries are about 2x the salaries for the same job in Europe, talk less of other parts of the world. I’m not saying there aren’t advantages to living outside the US (there are many: quality of food, work-life balance, etc) but if money is the main reason, the US is where it’s at. Most of these people with testimonials about leaving the US left after accumulating savings in the US and are now spending that money in locations where the USD is a lot stronger than the local currency. If they were to leave with no money from the US and work local jobs in these new locations, I can bet their testimonies would be a bit different. Love the video overall. ❤
Totally , the only way it works is being paid in american dollar and spend in pesos mexicanos , euros , yen or whatever is the currency where you are living , in fact, americans are still lucky to have a strong currency (dollar) , The day the dollar loses its value they are finished, like all the other countries in the world.
Not, entirely true. I've been living in Brazil for the past 12 years, earning mostly the local currency, and I'm still way better off. I have a wife and kid. All of the electronics and comforts in my house have a would in the States. It isn't the optimal way because it took me years to get used to another currency and economy, but it can be done, and I've been eating quite well. No debt, good credit, free health care, cheap dental, me, and my wife have a house we own outright. I also had good contacts here who helped as well, but I put a lot of work and patience into it.
This video talks about how inflation far exceeds the wage growth, but doesn't talk about why inflation is so high. It's the inflation that's killing the middle class, and inflation is caused by government irresponsibly printing money out of thin air. Lowering tax for the wealthy makes them richer and may not trickle down as intended, but it definitely wouldn't make the middle class poorer.
As a non american I heard about the American dream a lot while growing up, but everyone here would say that it was extremely hard to achieve, people would say that all those who go to the US had to work like 3 jobs to get a decent income...
@sterlingmarshel6299 that would be the case for any foreigner... you can have a lot of degrees in your home country but sadly they tend to mean nothing outside
Great info! As an almost boomer with kids in their 20’s I understand better after your video what they are facing! I chose to leave the US for 15 years and my children have dual EU citizenship. My oldest says all the time they want to move so from the US they can afford to live a better quality life. You really opened my eyes to what they are up against. I was still under the impression that folks can make it going in the direction I was taught. I realize now that is much more difficult if not impossible here. It makes me sad.
Here’s the ultimate issue: the only feasible way to build wealth is America is through real estate. We’ve attached people’s life savings to their home. Therefore making changes will infuriate an entire base of people if their house values tank.
Another big challenge is that local taxes have gone up a lot too, especially in the costal states. In California, we pay 1% of the home value each year just in property taxes, which is quite difficult to afford when homes start at around $1M. That's another $1K per month, on top of close to 10% sales tax, on top of up to 14% income tax.
Well, you're paying more because you're subsidizing the people who bought decades ago. Under Prop 13, your neighbor who has the similar value house might pay $3k a year while you pay $12k. Get rid of Prop 13 and equalize values for everyone.
In Southeastern Massachusetts in 1970 you could get a waitressing job for $20k/yr and one could buy a 'starter home', roughing two bed, one bath on an acre of land.. for about that same $20k. A five year mortgage was 100% practical. Today's younger folks are not whining, they have a 100% legit beef with current financial situation. Respect to you young lady.
@@JamesG1126 There is some truth to that, yes. U R not wrong. Please remember, tho, it is hard to be ambitious when you see your best effort landing you near the poverty line. This is a complex issue and a lack of work ethic in Millennials and Zoomers are a factor as well.
The price of a house in Sicily is far from the price of a house in Milan, just like the price of a house in the middle of nowhere America is far different than the price of the house in LA.
Wow we literally moved to Central America in December. Our rent here is 4X cheaper than our house in the States. Moving here has been challenging but it has been so rewarding thus far. Adding my husband is a native to the country we chose!
Hello just wanna share. I am RN in Alabama and work full time in the ER at a local hospital. I have a side hustle of cleaning houses when I’m not working at the hospital and make more from cleaning residential house than at my RN job. Now I do work almost 7 days a week but if I didn’t clean houses then my hospital pay wouldn’t cover my monthly expenses and I don’t have children.
"Average" has also changed. In 1960, the average homes was 1300 sqft. now, it's 2600 sqft. That is just one example of how consumer expectations have increased too much to be sustained.
Houses are being built for wealthy people because home builders know that lower class people aren't choosing between a 1300 square ft. home and a 2600 square ft. home, they are choosing between a tiny apartment close to work and a bigger apartment farther from work. It is the wealthy who are choosing between a 1300 square ft. home close to work and a 2600 square ft. home farther away from work.
Love how this is laid out cause its true. I even told my 13 year old son to not stay in the US and go elsewhere cause of the downfall of the US and its fine to start with a community college to save money cause getting yourself into debt for college just isn't a great way to start your 20s.
@@melinda67 I believe you are missing the point. Not every parent has the savings to send their kid to a $60K a year school. If your parents were able to do that for you, congratulations but you seriously need to speak to people about how school was paid for them to go. Have an awesome day!!
Really great video! I'm in tech, so (at least right now), I fell in the bucket of "it probably doesn't apply to you", but with the current industry trend of tech layoffs, combined with the looming fear of "AI", it feels like this won't last forever. I don't think AI will replace tech workers, but I think it'll make tech companies far more efficient. We won't need 25+ software engineers to deliver a basic feature. It might be 10, but with massive efficiency gains from AI on their side.
One of the reasons young people can’t buy houses today because they spend a lot of money going out to eat, traveling, and much more. Back in the days they didn’t spend on all of these.
Thousands of people from my country (Turkey) immigrated from the Mexican border and still doing it, yet I just cant fathom how they can find jobs and make a living with a minimum wage and an asylum application on they head…
Perfect analysis on this one. Thank you for this video! It's pretty much the same here in the UK except only much worse, which is the reason why I'm planning to move to the US in a few years or so to be closer to my friends and my extended family. Here everything is so expensive including food, rent utilities, gas etc, the weather is terrible, there's nothing to do, hanging out feels like another expense, the people are so miserable and rude (in my personal experience compared to in America), the healthcare industry is degrading as a whole, jobs don't pay as well in the UK compared to the US and taxes are so high. The same software engineer job I've seen pays £49,000 in the UK compared to $163,000 in the US. If that's not already a more compelling reason for me to leave, I don't know what is. Have a great day Shelby :)
I mean its really not that outside of London and South East. In most northern towns starter homes are £100-£150k. Supermarkets Lidl and Aldi are about the cheapest places to buy food anywhere in the western world. Locals are very friendly in the North. I think you will be in for a negative shock if you migrate to the US. But i agree if you are in or around London the crime, costs and general demise to a third world hole would make anyone think of moving countries.
I feel you brother, living in London for 6 years it’s only got worse since then. Salaries are low, housing is ridiculously expensive. People in the US have much better living standards
As a Mexican living in CDMX, hearing Americans see Mexico as an option to the American dream surprises me. It is very difficult for an American to adapt to Mexico. Mexico does not have the structure, services, security, governmental and educational institutions of a developed country, I grew up in Mexico, I am used to this and even so sometimes it is difficult for me, not to mention that culturally Mexico and the United States are very different, I am sorry to disappoint you but there is no longer a safe place or American dream in the world, thats just wishful thinking. The best place to live is where you have the best income.
As a factory worker, I wouldn't necessarily say it's a below average job. But it's an average wage for the entry level, full time jobs you can get around my area, with no experience or education requirements. Plus, you don't have to deal with customers and you rarely have to talk to anyone (great if you have social anxiety, like myself). Average salary for the *entry level* positions at most manufacturing plants (in NC/TN - LOW min. wage states) is $15-$20 per hr +$1 an hr extra if you're willing to work nights. We usually get great health insurance packages since our work involves physical labor. The drawback; I've only worked this job for 2 years and it has deteriorated my body faster than anything I've ever done in my life, thus far. Nothing will bring out and exacerbate pre-existing physical ailments quite like working in a factory will. A mild case of tendonitis in my ankle that only bothered me if I walked a little too much, now standing 12 hours a day on concrete has completely f'd that ankle, it hurts all the time and has basically no stability in it anymore.
I tried to start my own small business and totally failed. For one thing, it's competitive. You probably aren't the only one out there who had this idea of being a photographer or building contractor or real estate agent or whatever. Also, to be successful you really need to get experience in that field. For example, work at a restaurant for five years. Get to understand the business thoroughly. Live frugally. Save money from every paycheck. Then go out and open your own restaurant. If you're lucky, you might succeed. If you aren't so lucky, you go bankrupt. It's a gamble. I think that immigrant families have the best chances at this sort of thing. The husband, wife and the kids all work in the business, perhaps living upstairs, and they can make it work. For an individual, I think it's less likely to succeed.
I was essentially forced into taking out loans for a degree I didn't even finish. I'm still thousands in debt 12 years later, but it has been a learning lesson. It's not fair for a corporation to demand a Bachelors degree for a role where one will basically handle basic customer service issues, only to pay maybe $19 per hour. Instead of completing a useless degree, I decided to work my way up in the workforce. I still cannot afford a house due to these useless loans, but I do have a solid job. To the kid out there stressing about the thought of taking out student loans for a career path that is not specialized (medical, legal, etc), consider taking a gap year and enter the workforce. It may take time if you decide to work your way up without a degree, BUT you will do it DEBT FREE. And if you find a great employer, they may offer to pay for your schooling if you remain employed by them.
@@spendleton360 There are many administrative opportunities out there. I’ve found getting a lower level job at a larger corporation can provide opportunity for growth; on the same token, a local office with a small amount of employees may offer the chance to add more skills to your role (accounts payable, office management, employee relations, recruiting, training and development, marketing, etc). It takes time but there are opportunities like this available.
@@spendleton360 I should add that with increasing responsibility in this type of career path can actually pave the way for an executive support role and eventually into the C-Suite if one desires.
It's not much different over here in The Netherlands. The housing market is completely locked up, the average price of a home is $400K to $500K. Unless you make some serious money with your regular 9-5 there's no way to afford this on a single income. If I'm not mistaken, before like the 1970s or so, real estate was not really an investment business.
So tax cuts to corporations usually result in a boom in businesses and hiring which happened. What is really the issues isnt corporations its the failing dollar. We are seeing the tail end of a dying fiat currency.
I totally agree with all of this! i'm 28 and have a 6-figure supply chain job and also do poshmark reselling on the side for about 50k. it's fun but also allows me to not feel swallowed financially, living alone in seattle. it's sad it has come to this but for normal people I think it's all about finding a career that pays you well and then finding something on the side that you reallllyyy enjoy, but can make it profitable. that way you are fulfilled financially & creatively. The hard part is when you evidently get burnt out and have to balance your emotions against 2 jobs
@@sterlingmarshel6299 which is what research is “the systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.” Shelby is great.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
'Grace Adams Cook' , is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
How can I reach this person?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I checked Aileen up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.
My mom visited me recently. She helped me buy groceries for the next month. I cried with gratitude and relief. I asked her, “when I was little did you think your kids would have a better life than you did?” She sounded so sad when she said, “I really did.”
It’s all a result of globalization. The wealth of rich nations is transferred to poor nations in trade for goods, bringing the 3rd world up and the first world down.
I feel her pain.
If I was a mother, that would make me feel utterly terrible
Why im moving out the U.S. and raising my kids elsewhere. I domt have kids rn. I rather be apart of another economy, than this rising inflation.
@@rrrealqueen were is a place we can go to get away it's like this everywhere?
My parents didn’t go to college but were able to buy a 2 story house in a middle class neighborhood for $180k that’s now worth over a million…
My father bought a few slices of LAND in the mid 90s for just a few 10's of thousands which are now like 400k. Its nuts.
One of my relatives was a doctor and bought a house in California for I think like 150k, now it's worth 1.6mil. They only bought it back in the 80s (I think).
@@maxosborn1018 Thats 45 years ago
immigrants POURING into the US
Dumb youtubers: the american dream is dead... this is why people are leaving the US.
So if you just drop the daily starbucks, you'll buy one too :D
I don’t think there is a middle class anymore.
It’s just the rich & poor
smartest person in the room. vote Democrat they will fix any problem after they make the problem.
Everyone I know is middle class 😂 you aren’t the smartest.
@@sandblast5636 you're delusional if you think its a party issue. Neither party gives a fuck about average american
@@F2397-m4c i dont know if I would believe that coming from an account name like yours
@@F2397-m4c okay define 'lower class' and the specific mechanics that separate it from 'middle class'
I left USA and bought a 2 acre land with a 3 bedroom house in south America for $30k total, including the land. I am mortgage free and living off my farm. I will never go back to the states.
but you will surely miss it once in a while?
if so, just go to US for vacation?
I plan to move to south America too
what country in South America? Brazil?
@@davidmoore5004 suriname
I'm moving to Colombia for retirement. Food and housing are cheap.I bought 2 steak dinners with potatoes and fried yucca,a salad,and a pitcher of squeezed lemonade for $17. That's easily an $80 bill in the USA.
i came to US from Taiwan in 1999.
i am now thinking about going back to Taiwan. on top of the absurd living cost in the US, the crime and general social implosion is just getting scary.
in the last 4 years, 5 people i know already left to go back to Asia, 2 back to Thailand, 2 back to China, and my sister went back to Taiwan last year.
and we are still young. i cant not imagine living in the US as 70 year old. no job, no saving, and expensive medicine that would render you homeless
In California many Chinese are buying homes left and right. I see it increasing a lot
@jessicasmith5728 where you gonna go if i may ask?
Welcome to china!!!❤@jessicasmith5728
CHINESE Taipei.
@@dartvader4081 that the olympic team name. Taiwan is the name of the island/province
Registered nurse here. I worked hard in school and am 4 years into my career..I budget and don’t overspend and life is just toooo expensive. Its disheartening.
RN here. Thank God I was fortunate enough to buy a house in 2017. I could NEVER buy my house today on my salary. Not even close. 😢
@@ShaneConQueso kicking myself for not buying in 2019.
I’m an RN and the pay for hospital nurses on med surg floor was not great, especially for all the stress, no time for even a bathroom break. My last year working as a med surg nurse they decided to do a bonus for Christmas, full time received $50.00 and part time $25.00. The CEO bonus of course was in the millions. I would never recommend anyone in my family to go into nursing. It is just a business like anything else and they wonder why nurses are leaving. Doing 12-13 hours days or nights and then on call with terrible patient to nurse ratios.
@@ShaneConQuesoSame, I bought my house in 2017 and my home value has sky rocketed to where I wouldn't be able to afford mine. Also my HOA fees are so high that I'm still getting kicked.
@@mwilson3602 all my RN friends also have similar sentiment regarding their pay, but they only work 3 twelve hour shifts a week (considered full time). OT is offered but they dont take it. If they were genuinely struggling as bad as they claim they would work at least one additional shift a week which would be a 25% salary bump (or more depending on OT pay). Most people would kill to have a 3 day work week! Even if it is 12 hr shifts. 4 days off a week? Thats cushy
‘America is too expensive. A house is 10x the average salary.’
A few weeks ago.
‘Lemme show you how I’m gonna landlord/airbnb this investment property, price gouging tenants rent equal to multiple of my mortgage.’
They start complaining when they realize this stuff also hurts them too.
Yeah I looked at her video history. Fuck this bullshit.
The state of the economy is due to the government. Not a small time landlord @@TL-ms6lp
Exactly 😂 the greed is haunting the rich. Like Paris Hilton said "who's gonna clean our toilets".
Vid OP really aged like fine mik
The middle class doesn't exist anymore. The professional class is the middle class now.
Based on my observation in my 3rd decade as an adult, I think many people just have unrealistic expectations of where they should be based on their actual circumstances. I have a high-paying job but I see many of my coworkers and neighbors still living way beyond their means and taking on lots of unnecessary debt.
@@alexs1864 thank you
It's funny the comment says the middle class doesn't exist but yet the professional is now middle class. That would mean a middle class exists.
Throughout history this is how life goes. There will always be people who don't make enough or barely get by.
The middle class definitely still exists. Y’all just be saying anything on this site. 🤦🏾♂️
@@beatbuildersstudioI think what she’s inferring is that the professional class used to be the upper class, but today they’re the middle-class. This is especially true for tech hubs such as the Bay Area, Seattle, San Diego
The American dream is getting the hell out of America! Ironic.
IKR? I have become the primary caretaker for my 86 year old mom. If I could get her to get on an international flight, I’d sell my house and be gone by Christmas…
Me too bro. I take care of my 74 yr old mother. I'm the same way. If I could afford the flights 4 us, we'd be gone. Our cost of living is not sustainable as americans.
@tonyjones1560
You are still required to pay US taxes though.
@@GengoSenmon True…unless or until you renounce your US citizenship. If that made social AND financial sense for me, I’d do it in a heartbeat…but I’m not in that situation yet. May never be there.
@@sean8514 I’m lucky that my house is paid for and I have almost no consumer debt. I’m just beginning to understand how much planning is required to take such a big step! I have to expand my timetable to Christmas of 2025…!
Yeah, I'm trying to leave the US immediately. It's not just the death of the American Dream, there's so much I hate about living in this place.
A lot of people can’t even find a job now after studying at universities
i got a comp sci degree and cant find a job after graduating 🤣
They chose poorly. Remember young people have no life experience and moderns have been raised by silly fools to be silly fools. Meanwhile my trades students (those who made the effort anyway) have good jobs because they went to AFFORDABLE community college then became mechanics (who never starve), welders, electricians, controls techs etc.
@@AFollowerOfCanti You knew that field was crowded when you began so what make comp sci look like a wise move instead of a field where you can be a bigger fish in a smaller pond? Smart play is take your degree and commission in the Space Force or Air Force for an instant career and earlier retirement than your peers. Government jobs are secure but people don't think to look for them.
@Comm0ut
People in fact do think to look for them. There's plenty of completion in the public sector now
College is another scam better learning a trade and if you a student loan you are screwed
"It's called the American dream, because you have to be asleep to believe it."
--George Carlen
Only a fool has a drean and not in sleep mode. :)
America was poisoned. Try to name the applicators and the autodelete system kicks in.
In Korea, they call it the Gangnam dream.
censorship is no dream. It is real.
My parents bought a 5 bedroom house on a huge corner block for $23,000. They paid it off in 5 years. My father played piano in bars, my mother waited tables in diners. They left me this home, developers are now offering me over $2 million for the property. I'll never sell it - ever.
2M would last 5 months these days
(I intend for my comment to be an over exaggeration because I didn't look into it, but at this point I wouldn't be surprised if it's an under exaggeration)
I have been living in Mexico. I have met A LOT of people that went to the US and came back. They said they can make 5x what they make here, but the cost to live is 10X what they pay here so its not even close to worth it. The economy is starting to really pick up here.
Mexico City has gotten really expensive
Where abouts?
y i got a few homes paid off in mexico over the years and retiring there.
@@slumy8195 where in mexico? i have one in baja?
@jessicasmith5728myself and my 5 siblings are planning of getting our dual citizenship this way.
Millionaire is the new middle class.
Yup. A good home in a city is close or more than one mil
If im a millionaire im not living in the us lol
@@sparker.24 Some of my relatives are in the Canadian Who's Who that is made the list. These higher interest rates have been a godsend for all of us.
Ima look into El Salvador. That country is making a 180
@@parkerbohnnur an idiot. Learn how to form a coherent thought before chiming in…
I'm 38, with a bachelors degree, make $54k a year, and I live in an RV because I can't afford an apartment on top of all my other expenses. Germany is on my horizon within 5-10 years, depending on how much I have saved to afford expatriating there.
Well save lots and lots of money so you can pay for your energy costs in Germany, 😆 Good luck
Don't go to Germany. it's hell there too.go to Spain or portugal.life is way way better, cheaper and happier
Everyone is trying to move & immigrate but what do you think what will happen when you get there?
I’m literally dying to move to the NYC because things are cooked in Europe too
Most people can’t even qualify to rent an apartment. Because the major complexes are requiring 3 times rent. So for an apartment that’s $1500 you’ll need $4500 in gross income. Most apartments in that range are studios. Not feasible for two people.
This! Most young college grads will have to live with parents, live with a roommate or two, or have their parents cosign on their lease for even just to live in a small studio.
Two people very easily ought to be able to make $4500 a month.
Two people each working 40 hrs/week at $15/hr is $5200 gross per month.
@@Norm-gw6kl you missed my point. A studio with one income
@@Norm-gw6klthen tax,utilities , ramen noodles and a few sodas and you're scraping through that last week till payday.
As a Swiss person I was shocked about all the prices (restaurants, coffee, hotels) in America on my visit this January. I last visited America in 2019 and the difference was really staggering - so in a sense I had the exact same reaction like you, in reverse :D
Curious to know. I assume not much has changed in your country -- Switzerland?
@@denniszenanywhere We had inflation here (energy prices, amongst others), but it was the lowest from all OECD countries. There's probably many reasons for this, but from what I gather part of the reason why ours was comparatively low is that the Swiss Franc getting stronger at the same time was "cushioning" some of the impact as we are importing quite a bit, being such a small country. Also, inflation target (and therefore econ. policies) of 0-2% is lower than in other countries, previously already high energy prices meant that Swiss companies on average are also already more energy efficient than rest of Europa, so lots of various reasons :)
@@Cuezapper and health insurance, last year I had to pay 40CHF more, so 10% increase, this year the same so I had to change insurance company.
Well we don’t see so much increase in Switzerland just because we overpay 3x anyway 😂
Same here. Also from Switzerland.
I left the US in 2016. Previously I was a public school teacher in South Carolina, and now I work at an international school in Malaysia. Even though my salary is lower, the savings potential is much higher.
Indeed.
I did the same in Moscow and made bank. Check out Moscow. They have several international schools. One of my friends even worked at the Saudi one. My friends still live there and love it.
With how much teachers are constantly being attacked and screwed over in the US I can't blame you. I don't know who in their right minds today would even get into teaching in the US with all the stress in the field, combined with the absurdly low pay.
@ahnonymuz9921 Indeed. I agree...
talk about a downgrade. oof
I watched the whole video and really enjoyed it but was surprised you made no mention of institutionalized home ownership. As of March 2023 it was estimated nearly 30% of homes were bought with the intention of renting it out rather than using it as a primary residence. Having nearly 1,000,000 single family homes owned by private companies for the purpose of controlling and raising rents on entire sections of the country is absolutely contributing to this issue as well.
@@777trader8 There will never be a federal law prohibiting institutional buyers from buying homes- so presidents don't matter. It is up to each city who controls zoning laws that can make a difference. Some cities have cracked down on Airbnb (which Shebly and her sister own) but they need to go further and prohibit institutional buying
100% Agree! We ABSOLUTELY need FEDERAL LAWS BANNING this type of Predatory Behavior!
To those who think it'll never happen: Stay out of the way. Your mindset is unintentionally part of the problem. Stop perpetuating this bullsh!t. Yes, I GET IT that it's the current state of reality, but it doesn't mean that it HAS TO BE indefinite.
There is serious power in numbers, but our MINDSET has to be focused in order to get housing under control. It's f*cking ridiculous that one of the richest countries in the world has a housing issue. F*cking. RIDICULOUS.
We need to change our laws and make it illegal for absolute essentials like housing and food to experience radical change in a short period of time.
People think that when rates drop there will be more selling of their current houses which Im sure some might but not as much as people keeping their low interest rates and renting their old houses instead.
This is directly in ratio to the make up of the population. A good look at who made up the middle class in its hayday and who the major population blocks are made up of today.
immigrants POURING into the US
Dumb youtubers: the american dream is dead... this is why people are leaving the US.
I’m single income 33 year old Paramedic and bought a 1200sqft house in Canada on 2 acres in late 2020 for $190k.. similar listings are now >$325k.. I got in at just the right time because I could never afford anything now and maintain the same lifestyle. I make a good living at $80k CAD and have no debt, but had I not bought in 2020, I couldn’t even afford to rent alone right now because that’s even more insane. I feel for people in that position, I just got lucky with timing.
Where in Canada?
@@stephanielake11 the Maritimes
Wife an and I pay 4800 a month. For a property we bought at 570k. It's worth about 660k today. We still have a 2 thousand left after all hills are paid for the month on the usual.
Housing bubble should burst in a couple years and prices will become more affordable in some areas. just hanging in there for now
@K.C-2049 where did I say that I spend all my money?.. I actually manage to save quite a bit each month but it’d be quite the contrary if I had to pay $1500/mo + $300 ish for utilities for a 1 bedroom.. plus a full months deposit.. that’s even if I could find anything decent as my province had a 1% vacancy rate in 2023.. I definitely wouldn’t be living as comfortably as I do currently.
I have a friend that moved to Germany and never regretted it. After her parents passed she moved.
She had an expensive mortgage with 3 bd 2 bath 1 car garage and sold it for 3x she paid for it in the 2000s.
The country has a flat tax where everyone pays into. Health care, dental and retirement is taken care for and
invested in the economy. There are no homeless people in the streets everyone has a job and rewarded well.
Her apartment cost $256 dollars a month plus expenses. Her wages around $3k a month. She saw this coming
after the 2008 bubble she prepared herself and left the US.
What does she do for a living?
Yes come guys! Its is now easier than ever and people speak english well on average, so itll be easier to settle in! But of course, to really feel at home learning german is important. But dont worry! It is related ro the english language :)
Greetings from germany!
Hard times in Europe as well. In Germany too
There are definitely homeless people in Germany
@@conniedaisy2278 I really don't get where they get this info when most Germans are unhappy with their country, burreaucracy and immigrants. Another lie that all speak English in Germany
Printing and distributing 7 trillion new dollars into the economy will have generational consequences.
For sure.
covidflation.
Sure corrupted fake President Joe Biden sends billions to Ukraine.
Probably $300 BILLION or more of it to Ukraine and Israel, before it's over. That "money" will not help Americans at all. Just the arms dealers.
@@JohnBrown-vn2qw Bidenflation
Shelby two weeks after trying to buy a condo in LA: "is it time to move to Mexico City?"
hahahahahaha
Many people are doing it
@@josephaugello1527 which makes the cost of living for mexicans even higher, so not really a solution
@@Bethechange Well, solution for us selfish Americans hahaha The left love destroying their cities and states, then moving, then continuing to their destructive voting.
@@ShelbyChurchyou're gonna have to learn the Spanish version jajajaja
It only took me 4 months in Warsaw, Poland and Sofia, Bulgaria to realize a different location/country can absolutely bring you more happiness. As long as it aligns with your values, lifestyle and budget.
P.S. these are two budget friendly countries. Your money goes longer in Eastern Europe.
Very true ... where did you move to in the end?
@@onelife7247 still in the US, but applying for jobs out there :)
along with south america , im already looking at property in rio since my in laws are from there , usd goes a long way over there , im just saving now to hopefully get a home over there at this point , i dont see a home in usa anymore
The pay is a lot less in those locations though. So does it even out?
Absolutely agree with you!! I think this concept relates to your other video on being lonely. We are all too busy working 40-60 hour weeks, still being broke wondering how we'll ever have what our parents did at their age. And we wonder why everyone is so lonely or unhappy? I believe it's because we are trying everything just to keep our heads above water, and for some it's still not enough.
I moved abroad in 2009 after gradutating college in 2007 and strugging to find an even slightly decent job, I worked all kinds of construction jobs and odd jobs, then i moved Europe to teach English and suddently went to only working 25 hours a week and having lot's of extra income although my salary was lower. Every time I visit the US it's just depressing for me because everything just seems much harder and more expensive. It's important to realize that we have a government in the US who is absolutely not looking out for our best interests and they think they can ruin the middle class and the american dream and people will just accept it, one of the most powerful things that people can do is say hell no, I don't accept that, I'm out and I'm not coming back until the gov realizes it's got a major problem on it's hands and makes a drastic course correction. At this point the most patriotic thing you can do is leave.
I agree. France has a cap on campaign costs and it’s set very low. And enforced. US politicians are all bought. Doesn’t matter the side you are on.
How did you find all kinds of add jobs?
The US government has more important thing, like some rights...., how to get money from hard working people and send it to poor. How to make us to believe that we are all the same. How to make everything free. How to make us not to believe in god, but believe in them. You see, much more important things. Also foreign affairs has the same things but for people out of the US,. :) You see.... immature government. Or something much worse?
@@acamiln8354 Yes indeed, I see that it's very important and profitable for the people who are in government but not for the average american citizens unfortunately
I will warn you, however. Like communist governments do, the US too will stop people from exiting out. They are already making it very difficult to exit out and stay long term. Every time bootyhole Biden exits out and spends time in places like Thailand and others where Americans are leaving out to, a new visa law comes out or some kind of big must pay expense/i'e repressive measure comes out. Go out now, while you still can.
If you leave the US and go to other country be nice with locals, be respectful, learn at least few local language, pay taxes, contribute to the society of that country, make it better.
Don't do what the boomers did to the US
Shelby, good for you for having your eyes wide open. Everything you said here is factual.
I did all my gen ed credits at a community college and because of that, I had only like 1/4 of the debt of the people I know who went the full 4 years at a university. It's so gross how college is unsustainable at this point.
It’s where you go to college, my wife and I graduated over 20 years ago and both our nieces university is cheaper. If you want to go to party school USA then yeah it’s going to be crazy expensive.
Because people keep agreeing to pay those college prices. Stop giving them your money and they can't charge that much. Stop complaining about prices and then going right ahead and paying it and taking out that student loan. Also when the government got involved with student loans it caused prices to shoot up. College prices went up too when interest rates went down, you have to look at the payment cost, not the overall balance. Lower rates distort the price.
And congats on making a good decision on what you can afford and going to community college. Too many people think they are too good for that. Well I guess those people can keep paying high prices and keep the prices high.
People forget that you can make a lot of money in the trades as well. College isn’t the only option
@@RichardsGaySon they really do. Going the military route as for me.
Apprentice for a trade. Make money working in that trade while learning that trade. Get your certification/graduate with $0 debt, make over $100k before year two, and before those 4-year college kids graduate with thousands in debt. Then vote Conservative.
As an LA firefighter currently renting due to the challenging local housing market, many of my colleagues and I are considering relocating out of state and adjusting our schedules accordingly.
In the past, during major emergencies like earthquakes or wildfires, local off-duty firefighters would drive to their fire stations to assist.
Unfortunately, living out of state means we won't be able to reach our stations promptly to help those in need. Best of luck to everyone.
I'm brazilian. I grew up upper middle class over here.
Things changes so drastically in the last few years that I would be pretty much homeless if my parents haven't got me an appartment when I was growing up.
Things are so expensive it's crazy and salarys haven't follow up over here either.
I'm aware i'm very privileged but even this privilege isn't enough right now
I hope you go live in a favella
@@Mountainshark Descansa, militante. Tá tudo bem kkkkkk
you are very privileged of having parents?
@@iwtbrandh7970no, for having parents that could give me a place to live
Familiar last name
In Britain we have the exact same issues. The only difference is that our salaries are way lower than USA and buying a house today is not even a possibility even for professional married couples.
That's the difference the salary rates, but it's a bit hypocritical for us to leave with our higher salaries and go to other places and keep our salaries
Agree, but I’d say only some parts of the UK, it entirely depends on where you live. I’m very fortunate to live in a beautiful part of the country where house prices are low. Me and my partner have somewhere between a middle and working class income and we were able to buy a house and so are most middle earners I know as long as they’re in a couple (which sucks in itself)
But it’s certainly not possible in cities where the higher paying jobs are. I’ve seen one bedroom flats in London with virtually no space for the same price as our 3 bed in the country.
you will OWN NOTHING an BE HAPPY comrade! - Klaus Schwab
@kgal1298 your salaries are not high compared to Australia. We are also getting a lot of Brits moving here because of low pay back in the UK. Fun fact: the only people in the world not to emigrate to the US are Australians - I wonder why 😅
Brexit anyone? Greetings from 'the continent'.
I love your channel! This video is absolutely accurate. Two years ago, I relocated to Spain from San Francisco, where I was running my own company and earning well over six figures. Despite my income, I felt like I was barely scraping by due to the high cost of living. Moving to Madrid was an eye-opener. I now enjoy a lifestyle that is very similar to what I had in the US, but with much more comfort at a fraction of the cost. For instance, a "very good" salary in Madrid is around 50,000 euros annually, which feels equivalent to making $150,000 in the US. I'm always amazed at how much more affordable life is here compared to the US. Regarding the American Dream, I believe it's somewhat diminished. However, for entrepreneurs, the American Dream thrives since our society in the US highly values entrepreneurship. This mindset is less prevalent in Spain. Starting a business here is more challenging, as I've been experiencing firsthand, but there are certainly trade-offs. Anyway, fantastic video!
I'm thinking of doing the same.. I will graduate from a trade job related to the auto industry, do auto trade jobs people get paid well over there in spain?
As a British person who has spent a-lot of time in madrid, you must be thrilled with your choice, is such a wonderful city and very affordable compared to many places 🙏
I left the US in 2018 and I’ll be getting my second citizenship soon. I don’t miss it at all. I call everyone who refuses to leave “left behinds”. I’ll be retiring in the Mediterranean or Thailand.
Aye I might move to Israel or Italy because I'm Jewish and Italian. Good call 📞 👌 👏 👍 🙌 😌 📞
srael is a frickin warzone so you should go to italy
I got laid off at my 9-5 job and I'm starting my business. I get tired of the BS with the corporate world. Low pay, no respect, no job security....got to take matters into my own hand and secure my financial future.
Mexico City native here and living in the U.S for over 20 years now. I went to college here, got married later and have 2 kids. My husband and I make close to $175 K together but with kids now that money is going down the drain and living pay check to pay check. Yeah considering moving back to CDMX…
In 1988 when I graduated high school, I had a pretty good job, and was able to rent a house with a pool with my buddy and we both had extra money no problem. Life was easy and fun then
I think this should be your new thing Shelby! I’ve been loving all these journalistic/opinion videos
Yeah, but it's a bit out of touch for her to be shooting a video about how unaffordable homes are...in an amazing home that's in LA. That home she's in probably costs $5 million, and she looks barely old enough to be out of college.
@@fuzzypanda1684 She said throughout the video that she's an exception bc of her TH-cam earnings. Otherwise, she'd pretty much be in the same boat.
@@moviefiend44 It's still tacky. It'd be like doing a video on how no one can afford cars, and filming it in your Ferrari.
Historically in Europe, there was the Aristocracy. There were lords, royalty, and the serfs.
The modern-day equivalent is the minimum wage, wage stagnation, forever renters, food conglomerates, and record corporate profits a la oligopoly.
The expansion of the "merchant class" was the only hope to break free from serfdom. Americans focusing and expanding on small business is the equivalent in current times.
Another huge contributing factor that could’ve been mentioned is that our government decided to print 40% of the currency within the last four years and dump it into the system along with the largest transfer of wealth in human history that happened during Covid. Idk about everyone else but I know that that had a huge detrimental impact on real estate prices in my area and they have not come down since then.
YES this could be a whole. video honestly
@@ShelbyChurch please do this video! It feels so obvious but lots of folks could use more awareness on this one ❤
@@ShelbyChurch Easily an entire video and it's something that has impacted most people in the world. The pandemic was sold to us as a major health crisis but it was actually a cover for the largest wealth transfer ever. The 1918-1920 pandemic ended with boom times where the vast majority benefited. This time the vast majority were left shattered.
Thanks for mentioning this elephant in the room. Going back to Reagan is a stretch. The greatest damage has been done since 2020.
100%
It should be against the law for a non-U.S. citizen to buy a home or land or farm anywhere in the United States. Just as it is for an American expat in THEIR countries. RECIPROCITY is the only moral policy.
@@dissident112 These aren't even corporations in California. A communist Chinese individual can smuggle his corruption money out of CCP China, fly in on a TOURIST visa, and buy a $600k house with CASH. I know eyewitnesses who have seen his happen. Foreigners -- not only Chinese -- now own millions of homes in California. No other country in the world allows this.
@@dissident112 All real estate housing should be Owner Occupied by law which would free up more supply. The way it is now the masses are doomed.
Actually, In many countries, they WANT non-US citizens to buy homes. As part of their Foreign Direct Investment. Thats why I have overseas properties 😂
But nah I totally get it. There’s economic downfalls and upsides to this. For people living there and people like me who buy.
@@deyshajohnson1926 Nowhere in all of Asia does an American have a reciprocal property right to buy a HOUSE. Nowhere. You can buy a tofu condo, for example in Thailand (which I would never buy).
@@davidb2206 that’s interesting
We bought our house in Wilmington, DE in 2016 for $125k. We just refinanced last month & the house was estimated at nearly double the price. It’s an old, 110yr old house. We haven’t renovated anything, or done any work at all to it. If anything, the (shoddy) renovations done by the previous owner have deteriorated quite a bit. But still, if we were buying now, this house would absolutely NOT be in our budget. We’d love to sell & move out of the city, but right now we’re stuck here.
I grew up lower class, child of immigrant parents, youngest of 5 children. I went the community college and transfer to state route. I was able to pay for college with part time job income and living with my parents. I am an RN in California and husband has a blue collar job. We were able to save up by living with my in laws and was able to buy our condo last year. We have one kid, try not to spend excessive amounts and started investing in our adulthood. I really enjoyed this episode and found it very insightful, definitely agree on your stances/view/recommendations!
Yea you need dual income just to have the opportunity but unfortunately a lot of us don’t have a significant other, congrats to your family tho
I'm currently following the same path
I just moved back to the States last May after spending most of my adult life in the UK....its everywhere! And it was just announced the UK economy is officially in recession. I am a single mother so 1 income coming into my house and everything went up so much in the year before I left, I was concerned I wouldn't be able to afford my house anymore. (which by the way my mortgage was half of the price of the rent for the exact same home)..Sometimes it feels like the only way you can possibly start to save anything to get ahead even a little financially is by living with other people who can all contribute to the costs of one household....I could go on and on about this subject...
😢thanks for your comment I'm originally from London UK I live in Dallas Texas I think it's a bit cheaper sainsbury's Marks & Spencer Asda and Waitrose seem to have cheaper food than New York. But the house is a cheaper in the South Texas. Healthcare is free in Europe
I keep hearing how everyone used to by a house on a single income. However, generally, the first house was extremely small, needed repairs and didn't have all the features of today's 'starter' home. Not even comparable.
The cause of today's economic problems started many decades ago and is relatively complex. Low taxation of the wealthy and corporations is a very small element of the problem; one that some politicians like to push to deflect blame from themselves. The current problems started in earnest many decades ago when large manufacturers starting shipping manufacturing overseas to cheap labor nations where they also didn't have to deal with labor and environmental laws. This was done to benefit the "investor class" who own and profit from these large corporations. A few well placed bribes, I mean campaign contributions, and they were able to do away with the import tariffs that had been in place for generations to prevent foreign companies from dumping cheap goods on US markets, thus driving US companies out of business. (except in this case, it was large US companies dumping products made with cheap overseas labor). The net result was that many good paying US manufacturing jobs went away and the middle class started to crumble. The investor class tried to put the blame on US labor which they told us was too "greedy." AS more and more jobs went overseas, they told us they had to do this to compete with the other companies who were already doing it. The race to the bottom.
Another major element is decades of government overspending resulting in annual deficits and mind blowing long term debt. You could seize 100% of the profits of the corps and all of the wealth of rich individuals and it would not fix this problem. I believe the USA now has a debt exceeding $34 Trillion.
The 3rd major element of the problem is the policy of the federal reserve when they try to avert economic tough times by lowering interest rates to a point that it is essentially free money. All of this easy money poured into real estate causing a huge bubble which burst in 2008. Then they lowered rates further resulting in today's real estate and stock market bubbles. All of the free money doled out during the "disease of unknown origin" just pushed things over the top. And yes, I do believe in the case of the latter, many companies used this as an excuse to jack prices up.
Education also started to become more and more expensive as the government made money easily available to students. And as usual, the greed humans who ran the universities took advantage of the easy money coming their way and jacked up the prices.
This massive bubble of all bubbles we now find ourselves in has to burst, and probably soon. What we do after that will determine our long term future. If they drop interest rates back to near zero again, inflation will just resume again and probably be very ugly. Also watch for ugly moves by the government as they struggle to generate revenue (i.e. take your money) so they can pay the interest on this massive debt they created.
Good luck, everyone.
Fantastic Balanced Analysis considering multiple factors in a TH-cam video reply... Kudos
GOD HELP US ALL
The so called rich and all these major corporations pay all the costs and buy the debts of the military industry complex. The actual "rich" are none other than the government itself!
You magically left out the immigration effect and don't @me with bs, you can see its effects all over the west. Now a lot of the west is becoming thurd world as well.
Tax cuts for the wealthy and constant war spending are the biggest causes of the national debt.
28 been living in an apartment for 5 years now, I make a good salary and have no debt, houses are crazy expensive even for people like me, the only way to get into a house is to have a spouse who also makes good money as well and you are smart and make strategic decisions with your money.
Bingo! Don’t partner with anyone who is not close to or above your level.
That's why, you're competing with people who have more than you and have a two people going at it. When women went to work and there were two incomes it drove up prices. You can still do it though, back in the day younger guys would work an extra shift, get another part time job, and only rent a room not a whole apartment, or sleep on a couch, they ate ramen soup, and didn't blow all their money going out and on unnecessary things. yup people did that to get ahead back then, and it paid off. It wasn't all rainbows and skittles like younger generations seem to think. But that is unthinkable to do these days, they will tell you all about inequality and they deserve better, and how they are a slave. Life is not fair, someone is going to outcompete you if you let them.
This.
Good luck find an American woman like that. Third-wave feminism brainwashed them into calling a man like you "cheap" for even considering going 50/50 like that. American women expect you to pay for the housing costs if you are a man.
If you are a US citizen and you make over $110k a year in income, you will be double taxed wherever you live outside the US. Meaning if an American citizen moves to Germany, and you exceed that income threshold, you will owe the German government taxes as well as the US government. No joke. We are one of two countries in the world doing that. Obama signed that law into effect in 2010.
In 1920 the average house (in US) cost ~$6k or 300 oz of gold. In 2023 the average house is $400k or 200 oz of gold. Meaning it’s the devaluation of the dollar that’s the reason why you can’t afford a house. Nixon’s fault, we should have stayed on the gold standard. That way the govt would be forced to live within its means meaning more pricing power for everyone else.
@@account-369 how else do you limit the government from printing as much money as it wants devaluing the price of goods and services.
My Dad bought homes in Pasadena for $30-70K in the 70s. Most were duplexes. He told me when he first visited Cali in the 50s, houses were $5K.
That’s about how much my grand parents house was in the 50s in South Jersey. The difference is his house is maybe worth 275k today and your fathers house I bet is over a mil.
Yes, that is true! 💯
My parents bought a house in Huntington Beach in 1971 for $28,000. Today it's worth over $1.5 million.
@@JamesG1126 The 1232 sq foot house we bought in Inglewood, CA for $80K in1982 is now appraised at $750K! The thing is, it is not sustainable. People have to have the $$$ to afford these houses. There will be a huge crash at some point.
Sounds everyone just needs to buy some houses and let them appreciate.
As a Mexican American 🇺🇸. I’m leaving in Japan now. It’s far cheaper and safer. For an example my rent here in Tokyo is $200 a month
One thing that should be mentioned is foreign investment in residential. This is a huge problem in California (I’ve read in several states but I can only speak to this state). It should be against the law for a non-U.S. citizen to buy a home here as a non primary residence. This is more of an issue in California than generational wealth.
its a huge issue in canada! vancouver home prices are INSANE
Additionally, Corporations buying up residential real estate is also a huge problem. AND most people seem to be unaware that even the US based corporations that buy up Real estate are often FOREIGN OWNED on the back end. Worse, you cannot see the true ownership of corporate structures on the Secretary of State website, as there is usually a complex hierarchy of ownership which hides the true (foreign) ownership
The main problem in CA is that new construction of any type is incredibly difficult, so the supply of housing is much more constrained than places like TX leading to much higher of prices.
Why would they make it illegal ? Those people pay property axes and employ people to maintain them. The average American doesn't want to pay their fair share
@@beebee4334 most single family homes that are used as investments are bought by Mom and pop companies looking to make a quick buck. Not corporations
I can relate to working side hustle. I used to work anywhere between 60-80 hours a week for years. Then for a bit over a year I was a full time grad student. The mental toll that all that work took… I was extremely burnt out, and it took me at least a year to recover. Going back to a regular full time job was nearly impossible after years of sleep deprivation. I couldn’t function. I was able to buy a house with the money I saved in a rural area outside of Austin, Texas, but I don’t think I’d recommend overworking yourself to anyone. Side hustles are necessary now to achieve your goals, but for those that choose to work extra, be mindful of how much time and energy you spend working. There needs to be a balance, and it’s very easy to lose that.
From 1950-1980 we weren’t saturated with millions of job seekers ( migrants) and had less competition for jobs or affordable housing. Supply and demand. If there’s more job seekers than their is jobs, employers don’t have to offer better wages or benefits. If there’s more renters than housing the prices higher
"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.
With headoffice in Israel. :)
Great video, I wanted to add that not all boomers are financially sound. A lot of them that didn’t invest in their future are now struggling to make it off of social security and are now leaning on their millennial children for financial help which is also straining millennials especially if they have kids to provide for as well.
Great content as usual Shelbyy❤One point to clarify this, the wealthy do save up enough to buy their next assets. They do not save as a means of building wealth or as a retirement strategy..
The rich see economic crisis as a garage sale, that’s why investing right now will be the best decision
Crypto is a way of earning big this recent days.
Crypto is the future and way of earning money this days.
Trading right now will be at the of every wise individual’s list. In 2years you’ll be ecstatic with the decision you made today.
BITCOINS: IS ONE TRUE DEMOCRACY THAT HAVE EVER EXISTED IN THIS WORLD❤
Hot take -- the middle class is dead for people who "followed the rules" without having any financial literacy. Taking out $100,000 in student loans but then seeking out a job with a $50,000/yr ceiling is not going to work. There are jobs that don't need college -- but the classism in the USA is astounding. People will ruin their financial future just to not have to be a "laborer" or "blue collar"
The biggest class clown I ever knew was named Billy Reardon. Least likely to succeed - yeah he owns a plumbing company he started after high school and he has 20 trucks and 10 crews. Makes a lot more than I do/did as an IT pro for 20 years. Next door neighbor same thing - started a landscape / grass cutting company. Guy now lives on the lake and has 30 crews - he still answers all the calls and schedules all his teams. I got a BS in hospitality management and I've worked in IT for almost 3 decades. You can do whatever you set your mind to. I wouldn't let "blue collar" define me. These guys certainly didn't let it define them.
Im a 25 year old homeowner with no student loans because I took community college to be a mechanic, paid it off working two jobs while in college. Now I've been a Toyota technician for almost 5 years and make near the median income. I almost went to a 40k a year Car design school in Detroit, my portfolio was accepted and all I had to do was say the word, but I didn't and thank God everyday that I didn't fall in that debt trap
I definitely agree that businesses do not pass down increased revenue to their employees. An economy is based on the productivity of its people. Personally owning a business is a good idea!
They do pass it down all you have to do is buy shares in the company. Which people refuse to do lol
@@ashishpatel350if you think you receive the benefits of owning a share you are mistaken. First, if it's in the US buying a share doesn't make you own a share. You have an entitlement to a share which is not the same thing as owning it.
Second, I've owned shares in various companies. The owners have a plethora of ways to screw the shareholders over. At which point, you will say sell. Basically, owning shares has become like loaning someone money who you don't really know but they could take it all at any given moment. Either way, moral of the story is you want to own the company, not own shares.
I won't go into all the methods they use for diluting your investment but two are; overpriced executive salaries including board members. Diluting shares by share investment schemes which undercut existing shares.
@@jeremystonell690 weird I've owned shares and they've done well . Seems. You are the problem.
Yeah, board of directors and company investors keep getting wealthier rapidly, specially in the last 5 years, while the company’s G&A remains at 2-3% increase YoY.
Nope, everyone cannot buy shares in the company
It's the same almost everywhere unfortunately. I'm from New Zealand, been living in Australia the last couple of years and now in the US. US definitely has more inequality. Australia has better wages and overall cost of living ratios, but it's still crazy. I don't know anyone my age who managed to buy a house without family help. In my home city house prices are about 12-15x the average income, and you have to have a 20% deposit - who can save $100,000 while paying rent that is also crazy high??? It's frustrating trying to explain this to older generations sometimes, as they just don't get it.
So more diverse we get, the more immigration we have, the poorer we become. But we were told that diversity is our strength and mass migration is always good, even illegal immigration (then why doesn’t China and others embrace it too?). As America has become less White, we have declined by almost every metric.
Out of curiosity, is it only the skin color you have a problem with or just any foreigner to America?
True. I've lived in third world countries, and there's definitely a difference in intelligence between those who live near the equator and those who live in seasonal climates. Third world people create third world conditions.
Are you kidding me , the cost of living in ,the UK is very high especially England .
Nowhere near as America
@@sumisumi-by8xvoh of course, I mean the fact that >90% of your mortgages are fixed is such an issue for you - Americans even trying to be No 1 in the poverty stakes 🤦♀️
@@JBLegal09 what you are making in a month in England l, Americans pay that amount just for health care. We cannot even compare the cost of living. England is way way way cheaper to live in than america
As a British person living in UK i confirm the UK is now expensive, but compared to US, it’s cheap….
During Reagan years. We had a small family owned business. We were going to the bank up to 3 times a day to make deposits. Those were our best years in business. We had a Mom and Pop hardware store/lumber -flooring store.
Reagan was...an actor....but only in movies. Now a lot actors in politics. :)
My husband and I finally bought our first place (a condo) in our early 40s. Of course we would never have been able to do it if we didn't have my husband's trust fund to use for a down-payment. It wasn't a lot, but it was enough to cover it. His grandparents (who provided him the trust fund) also paid for his college education so we didn't have that expense either. Without these advantages we would have never been able to buy.
I believe the American dream of home ownership was destroyed by the investment market competing for home real estate as an investment. Inflation happens when more money is chasing fewer goods. I frequently dream of leaving the country but I’m perpetually too broke to afford paying for my past mistakes. I may never dig my way out. I feel like an indentured servant 😢 Great topic! ❤
The problem with the American dream is the fact that home ownership is the prize. We have all been cajoled into thinking buying a home (which by the way is a bank product) should be the goal. I kind of understand why they don't teach financial literacy in school. But that's the problem. The reason why most people (the middle class) feel left out is because we don't own anything. We have been conditioned to just be the consumer. Work like a dog and save up to put 90% of your money into a mortgage for 25 years. The American dream is for home ownership. Not for owning rental property. Huge difference. When you invest into the market or real estate. You will grow with America. You can't take part of the rise of America if you're only the consumer. The American dream slogan was just great marketing targeting the masses. And it worked flawless.
This! Private equity firms buying off residential properties and converting them into long term high rise rentals!
Inflation only has one definition. It is when the government prints more money.
@@Kyle-li8wi That’s not true. You have companies contributing to inflation by artificially increasing prices as well.
@@DiamondFlame45 Thats not inflation. Its not the same thing.
Over the long run, prices should actually go down and purchasing power should go up. This is because we become more efficient at production (see tv's for example.). Purchasing power should also go up as the population increases (same amount of money per less people).
Yet despite this we still see a loss in purchasing power and prices go up. Why is this??
19:30 The only way this works is if you leave the US with an already built stash of USD to spend in your new location in local currency or if you leave the US but still earn in USD (i.e. work for an American company either remotely or as a transfer/expat or have American clients if you run a business, or even have an audience within the US - as you mentioned in the case of being a TH-camr).
The inflation the US is seeing is felt worldwide (I don’t live in the US) - everything has gotten more expensive everywhere and as bad as things may seem, the US remains one of the countries with the highest earning potential. A techie leaving the US to work at a company in another country would rarely see the same salary they were making in the US. US salaries are about 2x the salaries for the same job in Europe, talk less of other parts of the world. I’m not saying there aren’t advantages to living outside the US (there are many: quality of food, work-life balance, etc) but if money is the main reason, the US is where it’s at.
Most of these people with testimonials about leaving the US left after accumulating savings in the US and are now spending that money in locations where the USD is a lot stronger than the local currency. If they were to leave with no money from the US and work local jobs in these new locations, I can bet their testimonies would be a bit different.
Love the video overall. ❤
Totally , the only way it works is being paid in american dollar and spend in pesos mexicanos , euros , yen or whatever is the currency where you are living , in fact, americans are still lucky to have a strong currency (dollar) , The day the dollar loses its value they are finished, like all the other countries in the world.
Not, entirely true. I've been living in Brazil for the past 12 years, earning mostly the local currency, and I'm still way better off. I have a wife and kid. All of the electronics and comforts in my house have a would in the States. It isn't the optimal way because it took me years to get used to another currency and economy, but it can be done, and I've been eating quite well. No debt, good credit, free health care, cheap dental, me, and my wife have a house we own outright. I also had good contacts here who helped as well, but I put a lot of work and patience into it.
This video talks about how inflation far exceeds the wage growth, but doesn't talk about why inflation is so high. It's the inflation that's killing the middle class, and inflation is caused by government irresponsibly printing money out of thin air. Lowering tax for the wealthy makes them richer and may not trickle down as intended, but it definitely wouldn't make the middle class poorer.
As a non american I heard about the American dream a lot while growing up, but everyone here would say that it was extremely hard to achieve, people would say that all those who go to the US had to work like 3 jobs to get a decent income...
non educated people yes
@sterlingmarshel6299 that would be the case for any foreigner... you can have a lot of degrees in your home country but sadly they tend to mean nothing outside
Great info! As an almost boomer with kids in their 20’s I understand better after your video what they are facing! I chose to leave the US for 15 years and my children have dual EU citizenship. My oldest says all the time they want to move so from the US they can afford to live a better quality life. You really opened my eyes to what they are up against. I was still under the impression that folks can make it going in the direction I was taught. I realize now that is much more difficult if not impossible here. It makes me sad.
Where is easier?
What country?
What EU country did you move to? I wanna move to Europe in the future for the same reason your oldest wants to
Here’s the ultimate issue: the only feasible way to build wealth is America is through real estate. We’ve attached people’s life savings to their home. Therefore making changes will infuriate an entire base of people if their house values tank.
Food in Arkansas is way cheaper than on the west coast. Manufacturers are price gouging in regions where people make more money.
This is a great reason to have a Costco membership. Costco charges the same prices at all of their US locations.
Another big challenge is that local taxes have gone up a lot too, especially in the costal states. In California, we pay 1% of the home value each year just in property taxes, which is quite difficult to afford when homes start at around $1M. That's another $1K per month, on top of close to 10% sales tax, on top of up to 14% income tax.
Well, you're paying more because you're subsidizing the people who bought decades ago. Under Prop 13, your neighbor who has the similar value house might pay $3k a year while you pay $12k. Get rid of Prop 13 and equalize values for everyone.
CA is a state that wants to subsidize human garbage from south of the border and criminals. The people of CA voted for it.
In Southeastern Massachusetts in 1970 you could get a waitressing job for $20k/yr and one could buy a 'starter home', roughing two bed, one bath on an acre of land.. for about that same $20k. A five year mortgage was 100% practical. Today's younger folks are not whining, they have a 100% legit beef with current financial situation. Respect to you young lady.
Today's younger folk have unrealistic expectations. Stop whining and start working.
@@JamesG1126 There is some truth to that, yes. U R not wrong. Please remember, tho, it is hard to be ambitious when you see your best effort landing you near the poverty line. This is a complex issue and a lack of work ethic in Millennials and Zoomers are a factor as well.
It is not really about whining.
The price of a house in Sicily is far from the price of a house in Milan, just like the price of a house in the middle of nowhere America is far different than the price of the house in LA.
La Vita e Bella
This goes for every country in the world the city always more expensive
Wow we literally moved to Central America in December. Our rent here is 4X cheaper than our house in the States. Moving here has been challenging but it has been so rewarding thus far.
Adding my husband is a native to the country we chose!
Typical woman
Where did y’all move to?
Hello just wanna share. I am RN in Alabama and work full time in the ER at a local hospital. I have a side hustle of cleaning houses when I’m not working at the hospital and make more from cleaning residential house than at my RN job. Now I do work almost 7 days a week but if I didn’t clean houses then my hospital pay wouldn’t cover my monthly expenses and I don’t have children.
That is because of Putin, Trump and Coronavirus. ;)
"Average" has also changed. In 1960, the average homes was 1300 sqft. now, it's 2600 sqft. That is just one example of how consumer expectations have increased too much to be sustained.
Houses are being built for wealthy people because home builders know that lower class people aren't choosing between a 1300 square ft. home and a 2600 square ft. home, they are choosing between a tiny apartment close to work and a bigger apartment farther from work. It is the wealthy who are choosing between a 1300 square ft. home close to work and a 2600 square ft. home farther away from work.
Love how this is laid out cause its true. I even told my 13 year old son to not stay in the US and go elsewhere cause of the downfall of the US and its fine to start with a community college to save money cause getting yourself into debt for college just isn't a great way to start your 20s.
Or you could just offer to pay for his college since it’s your child?
@@melinda67 I believe you are missing the point. Not every parent has the savings to send their kid to a $60K a year school. If your parents were able to do that for you, congratulations but you seriously need to speak to people about how school was paid for them to go. Have an awesome day!!
@@carynmcentee6725 not every parent should be a parent if they know they won’t be able to pay for their kid’s basic needs (for example school).
@@melinda67 you’re young. You’ll see when you have college-bound kids.
Just found your channel love it. Smart and well spoken
Really great video! I'm in tech, so (at least right now), I fell in the bucket of "it probably doesn't apply to you", but with the current industry trend of tech layoffs, combined with the looming fear of "AI", it feels like this won't last forever.
I don't think AI will replace tech workers, but I think it'll make tech companies far more efficient. We won't need 25+ software engineers to deliver a basic feature. It might be 10, but with massive efficiency gains from AI on their side.
The middle class is the poor people now and the professionals are the middle class. The poor people are now homeless.
One of the reasons young people can’t buy houses today because they spend a lot of money going out to eat, traveling, and much more. Back in the days they didn’t spend on all of these.
Thousands of people from my country (Turkey) immigrated from the Mexican border and still doing it, yet I just cant fathom how they can find jobs and make a living with a minimum wage and an asylum application on they head…
the root problem is the Federal Reserve
People come from Mexico and US people complain, then the US people go to Mexico and Mexican people complain. The irony.
Perfect analysis on this one. Thank you for this video! It's pretty much the same here in the UK except only much worse, which is the reason why I'm planning to move to the US in a few years or so to be closer to my friends and my extended family. Here everything is so expensive including food, rent utilities, gas etc, the weather is terrible, there's nothing to do, hanging out feels like another expense, the people are so miserable and rude (in my personal experience compared to in America), the healthcare industry is degrading as a whole, jobs don't pay as well in the UK compared to the US and taxes are so high. The same software engineer job I've seen pays £49,000 in the UK compared to $163,000 in the US. If that's not already a more compelling reason for me to leave, I don't know what is. Have a great day Shelby :)
I mean its really not that outside of London and South East. In most northern towns starter homes are £100-£150k. Supermarkets Lidl and Aldi are about the cheapest places to buy food anywhere in the western world. Locals are very friendly in the North. I think you will be in for a negative shock if you migrate to the US. But i agree if you are in or around London the crime, costs and general demise to a third world hole would make anyone think of moving countries.
I feel you brother, living in London for 6 years it’s only got worse since then. Salaries are low, housing is ridiculously expensive. People in the US have much better living standards
I lived in Mexico City for 7 years in the 1990's. It's a big city and I wouldn't move back. Too many people.
As a Mexican living in CDMX, hearing Americans see Mexico as an option to the American dream surprises me. It is very difficult for an American to adapt to Mexico. Mexico does not have the structure, services, security, governmental and educational institutions of a developed country, I grew up in Mexico, I am used to this and even so sometimes it is difficult for me, not to mention that culturally Mexico and the United States are very different, I am sorry to disappoint you but there is no longer a safe place or American dream in the world, thats just wishful thinking. The best place to live is where you have the best income.
As a factory worker, I wouldn't necessarily say it's a below average job. But it's an average wage for the entry level, full time jobs you can get around my area, with no experience or education requirements. Plus, you don't have to deal with customers and you rarely have to talk to anyone (great if you have social anxiety, like myself). Average salary for the *entry level* positions at most manufacturing plants (in NC/TN - LOW min. wage states) is $15-$20 per hr +$1 an hr extra if you're willing to work nights. We usually get great health insurance packages since our work involves physical labor. The drawback; I've only worked this job for 2 years and it has deteriorated my body faster than anything I've ever done in my life, thus far. Nothing will bring out and exacerbate pre-existing physical ailments quite like working in a factory will. A mild case of tendonitis in my ankle that only bothered me if I walked a little too much, now standing 12 hours a day on concrete has completely f'd that ankle, it hurts all the time and has basically no stability in it anymore.
Loving this video format
Me too, just set the mic down.
@@notdarrell i was like....why is she talking into a hair dryer?
@@notdarrell Maybe she is multitasking and getting in an upper body workout while recording her TH-cam videos.
I LOVE your sit down and talk videos. Please don’t stop.
I tried to start my own small business and totally failed. For one thing, it's competitive. You probably aren't the only one out there who had this idea of being a photographer or building contractor or real estate agent or whatever. Also, to be successful you really need to get experience in that field. For example, work at a restaurant for five years. Get to understand the business thoroughly. Live frugally. Save money from every paycheck. Then go out and open your own restaurant. If you're lucky, you might succeed. If you aren't so lucky, you go bankrupt. It's a gamble. I think that immigrant families have the best chances at this sort of thing. The husband, wife and the kids all work in the business, perhaps living upstairs, and they can make it work. For an individual, I think it's less likely to succeed.
I was essentially forced into taking out loans for a degree I didn't even finish. I'm still thousands in debt 12 years later, but it has been a learning lesson. It's not fair for a corporation to demand a Bachelors degree for a role where one will basically handle basic customer service issues, only to pay maybe $19 per hour. Instead of completing a useless degree, I decided to work my way up in the workforce. I still cannot afford a house due to these useless loans, but I do have a solid job. To the kid out there stressing about the thought of taking out student loans for a career path that is not specialized (medical, legal, etc), consider taking a gap year and enter the workforce. It may take time if you decide to work your way up without a degree, BUT you will do it DEBT FREE. And if you find a great employer, they may offer to pay for your schooling if you remain employed by them.
What jobs can you get with no college degree that you can eventually work your way up in nowadays?
@@spendleton360 There are many administrative opportunities out there. I’ve found getting a lower level job at a larger corporation can provide opportunity for growth; on the same token, a local office with a small amount of employees may offer the chance to add more skills to your role (accounts payable, office management, employee relations, recruiting, training and development, marketing, etc). It takes time but there are opportunities like this available.
@@spendleton360 I should add that with increasing responsibility in this type of career path can actually pave the way for an executive support role and eventually into the C-Suite if one desires.
It's not much different over here in The Netherlands. The housing market is completely locked up, the average price of a home is $400K to $500K. Unless you make some serious money with your regular 9-5 there's no way to afford this on a single income. If I'm not mistaken, before like the 1970s or so, real estate was not really an investment business.
West will get governemnt houses and flats like in USSR.
So tax cuts to corporations usually result in a boom in businesses and hiring which happened. What is really the issues isnt corporations its the failing dollar. We are seeing the tail end of a dying fiat currency.
I totally agree with all of this! i'm 28 and have a 6-figure supply chain job and also do poshmark reselling on the side for about 50k. it's fun but also allows me to not feel swallowed financially, living alone in seattle. it's sad it has come to this but for normal people I think it's all about finding a career that pays you well and then finding something on the side that you reallllyyy enjoy, but can make it profitable. that way you are fulfilled financially & creatively. The hard part is when you evidently get burnt out and have to balance your emotions against 2 jobs
Work is not for "fulfillment" but to make cold hard cash. Emotions are weakness. Hobbies, not jobs, are for fun.
@@Comm0utYou know those things aren’t mutually exclusive right
This series is EVERYTHING! I love your research and approach! Keep it up I loveeeee
no her research - she is just reposting someone else work
@@sterlingmarshel6299 which is what research is “the systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.” Shelby is great.