Why Americans Are So Stressed About Money

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  • เผยแพร่เมื่อ 3 มิ.ย. 2024
  • Americans are more worried than ever about money and the economy. In a survey by the American Psychological Association, 87% of Americans said inflation and the rising costs of everyday expenses were causing them stress. Roughly two out of every five U.S. adults said money is negatively impacting their mental health, according to Bankrate. Watch the video above to learn what’s causing this anxiety around money and how Americans can deal with their stress.
    0:00 -- Introduction
    1:17 -- Financial stress
    5:14 -- Mental health
    7:45 -- Personal finance
    More than 40% of U.S. adults say money is negatively impacting their mental health, according to Bankrate’s April 2022 Money and Mental Health report.
    “I was in debt off and on all of my 20s and early 30s,” Tawnya Schultz, founder of The Money Life Coach, told CNBC. “I was in this debt cycle of trying to get out of debt, paying off debt, getting back into it. And I was just tired of feeling like I could never get out of it or feeling like I was always going to have debt.”
    Some Americans lack hope they will ever have enough money to retire, with roughly 40% saying their ability to be financially secure in retirement is “going to take a miracle,” according to the 2021 Natixis Global Retirement Index.
    “I think that people need to have a sense of hope,” said Mark Hamrick, Washington bureau chief at Bankrate. “When the economy is working for them, there’s a greater likelihood that people will have hope that they can accomplish their basic personal financial objectives.”
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    Why Americans Are So Stressed About Money

ความคิดเห็น • 3.2K

  • @kortyEdna825
    @kortyEdna825 9 หลายเดือนก่อน +1088

    Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

    • @Justinmeyer1000
      @Justinmeyer1000 9 หลายเดือนก่อน

      as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

    • @kens805
      @kens805 4 หลายเดือนก่อน

      ALL of the following comments are fraud!!!

  • @glenbert1396
    @glenbert1396 9 หลายเดือนก่อน +675

    America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

    • @lisaollie4594
      @lisaollie4594 9 หลายเดือนก่อน +3

      If you lack market knowledge, the best course of action is to seek advice or assistance from a consultant or investing coach. Even though it may sound obvious or generic, speaking with a consultant has helped me stay afloat in the market and grow my portfolio to about 65% since January. At the moment, I believe that is the most effective way to enter the business.

    • @baileymclean8186
      @baileymclean8186 9 หลายเดือนก่อน

      Please let me know your investment adviser's name and how i can reach he/she?

    • @lisaollie4594
      @lisaollie4594 9 หลายเดือนก่อน +5

      I have "LISA ELLEN SHAW" as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. She's a Google-able person.

    • @baileymclean8186
      @baileymclean8186 9 หลายเดือนก่อน +1

      I searched her up online and checked out her credentials since I was so intrigued. Top-notch! I emailed her to inquire about accepting new clients.

    • @Coolguyallthetime2k
      @Coolguyallthetime2k 9 หลายเดือนก่อน

      Agreed. The state of this country makes many wish they were never born.. it’s so depressing and the corporate pigs and government could care less..

  • @joesphcu8975
    @joesphcu8975 ปีที่แล้ว +459

    What bothers me about this situation is the fact that the news and media are all going about a recession which is understandable due to the war and pandemic but still the same media still publish articles about folks in the same economy pulling off hefty 6figure profit(Averg. 200k in barely 8weeks) in this downtrend how is that possible?

    • @alexyoung3126
      @alexyoung3126 ปีที่แล้ว +2

      I've come to realize both bear and bull market provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself

    • @lawerencemiller9720
      @lawerencemiller9720 ปีที่แล้ว +2

      Well the US-stock market has been on it’s longest bull-run in history, so the mass hysteria and panic is understandable seeing as we’re not used to such troubled market, but there are opportunities lurking around if you know where to look while everybody’s been screaming falling sky, I’ve netted over $850k in the past 10months.

    • @stephaniestella213
      @stephaniestella213 ปีที่แล้ว +1

      well good for you buddy, your market knowledge paid off. I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?

    • @lawerencemiller9720
      @lawerencemiller9720 ปีที่แล้ว +4

      thanks, was guided tho...Eileen Ruth Sparks walked me through the ropes majestically i'ts my ultimate pleasure.

    • @stephaniestella213
      @stephaniestella213 ปีที่แล้ว +1

      she’s a quite known advisor. I actually did look her up curiously and went through her credentials on her webbsite…Top-notch! I wrote her an email, hopefully she’s accepting new intakes.

  • @cerdayes
    @cerdayes 2 ปีที่แล้ว +1087

    you can make all the right decisions your entire life and still end up losing it all due to a health issue

    • @yeat8223
      @yeat8223 2 ปีที่แล้ว +24

      Not if you have insurance, reason why the USA doesn’t have free healthcare is because we only pay 20% in taxes, whereas places like the uk they pay 40%, USA gives you more liberty over your money

    • @cerdayes
      @cerdayes 2 ปีที่แล้ว +149

      @@yeat8223 root canal $4000 with insurance. Sure glad it wasn’t cancer.

    • @johnbarton562
      @johnbarton562 2 ปีที่แล้ว +142

      @@yeat8223 - I work in a state hospital - I see people all the time who have lost everything due to healthcare bills they cannot afford due to cancer and other long term illness' and they had good insurance. Insurance is "for-profit" - they want to make money, they don't care if you live or die - - same thing with the drug companies.

    • @shirleywilson2797
      @shirleywilson2797 2 ปีที่แล้ว +30

      @@johnbarton562 he is to busy playing fortnite, what does he know about the real world lol

    • @edbd4613
      @edbd4613 2 ปีที่แล้ว +38

      So many ways in usa you can get screwed even if you do the right things. I once got this hotspot device from best buy and Sprint. It was unlimited internet for 2 years contract. 3 months into the contract, I get a bill of almost 1000 $. I called sprint and found out they canceled the contract by email that ended in my junk mail. They switched from unlimited to some b's where you pay for every gegabyte. I fought it for months with sprint and collections. This is a small example, I heard worst stories.

  • @GoranIsmov
    @GoranIsmov 6 หลายเดือนก่อน +295

    Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that I can confidently identify with level 6. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.

    • @OlgaRusov
      @OlgaRusov 6 หลายเดือนก่อน +1

      Remarkable observations! Handling and staying abreast of things can be quite daunting for newcomers like myself. Are you a seasoned investor, or do you employ a methodical approach to staying well-informed?

    • @ScottRich9
      @ScottRich9 6 หลายเดือนก่อน

      Since the inception of my business, I've maintained contact with a financial advisor. In the current cultural landscape, the difficulty lies in discerning the opportune moments to buy or sell when dealing with trending stocks. This process, while seemingly straightforward, is effectively managed by my advisor, who handles entry and exit orders for my portfolio. Over the span of just a little over a year, my portfolio has seen substantial growth, exceeding $750k.

    • @HakimZakzi
      @HakimZakzi 6 หลายเดือนก่อน

      May I inquire about your recommendation for the specific professional whose services you utilize? I am currently facing several marketing challenges and would appreciate your guidance in this regard.

    • @ScottRich9
      @ScottRich9 6 หลายเดือนก่อน

      I've enlisted Stacey Lee Decker as my fiscal guide, and her expertise contributes significantly to the fiscal industry. Acknowledged as a reputable authority in the field, she holds a deep understanding of portfolio diversification. I encourage further exploration of her credentials. With her extensive experience, she proves to be an outstanding guide for those aiming to grasp the complexities of the fiscal market.

    • @MarioRo1
      @MarioRo1 6 หลายเดือนก่อน

      Stacey appears to be really knowledgeable. Her resume, educational history, and qualifications were all quite good when I found her internet page. She will act in my best interests because she is a fiduciary. I thus scheduled a session with her.

  • @shawjose-uc9xn
    @shawjose-uc9xn 6 หลายเดือนก่อน +122

    Why stress to get money when you can invest in cryptocurrency

    • @ronaldreagan-kf6wn
      @ronaldreagan-kf6wn 6 หลายเดือนก่อน +15

      Investing in cryptocurrency isn't that easier without a professional trader

    • @trumpkane-fe9ig
      @trumpkane-fe9ig 6 หลายเดือนก่อน +15

      ​@@ronaldreagan-kf6wnExactly, especially when you are a beginner.

    • @evelyhwar-jf5zg
      @evelyhwar-jf5zg 6 หลายเดือนก่อน +13

      ​@@trumpkane-fe9igthat means as a beginner, you will need an professional trader to put you through

    • @georgeesther-zq7js
      @georgeesther-zq7js 6 หลายเดือนก่อน +11

      ​@@evelyhwar-jf5zgexactly but you have to be careful because most of the so call professional are fraudster

    • @chrisharrison-ir5wb
      @chrisharrison-ir5wb 6 หลายเดือนก่อน +10

      ​@@georgeesther-zq7jsyou are right,I could have trade a long time ago but am just scared.

  • @guitarislife01
    @guitarislife01 ปีที่แล้ว +62

    I love how the answer is always, Here's how you can increase your ability to handle stress, rather than actually fixing the problem

    • @jermon983
      @jermon983 ปีที่แล้ว

      The Matrix design is to keep you a slave on the corporate plantation known as America.

    • @jasminecontreras7341
      @jasminecontreras7341 11 หลายเดือนก่อน +1

      what are they supposed to do to fix the problem?

    • @Coolguyallthetime2k
      @Coolguyallthetime2k 9 หลายเดือนก่อน +3

      @@jasminecontreras7341we don’t know but something… I mean the only outcome I see is mass poverty, mass suicides and homelessness.. smh

    • @operationlull3742
      @operationlull3742 5 หลายเดือนก่อน

      We have to. How else do you expect the ruling class parasites and their army of pig thugs to eat. They have to extort us for money either through taxes as a public entity or freedom through a private entity. I love freedom

    • @jasminecontreras7341
      @jasminecontreras7341 5 หลายเดือนก่อน

      wrong. that's not realistic. I'm genuinely curious as to what possible solutions there are there @@Coolguyallthetime2k

  • @elizabethyork590
    @elizabethyork590 9 หลายเดือนก่อน +584

    Biggest financial mistake I ever made was with my 401k. My company had a Roth 401k when my kids were in college, but I didn't actually start contributing until year 3 of the 6 years I had kids in college. Because I was helping them with expenses, I was entitled to the tax credits, so my effective tax rate was extremely low. That is the time you NEED to be in a roth! i still retired with about $250k in my 401k.

    • @84gaynor
      @84gaynor 9 หลายเดือนก่อน +2

      People don't really know this, You need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

    • @sommersalt88
      @sommersalt88 9 หลายเดือนก่อน +3

      @@84gaynor I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.

    • @MatthewVinson
      @MatthewVinson 9 หลายเดือนก่อน

      This is exactly how I want to coordinate my finances before I retire. Can you recommend the financial advisor that got you going?

    • @sommersalt88
      @sommersalt88 9 หลายเดือนก่อน +7

      I started out with a Financial Adviser called "Jill Marie Carroll". Her honest approach gives me complete ownership and control of my position, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.

    • @MatthewVinson
      @MatthewVinson 9 หลายเดือนก่อน +1

      Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

  • @inctru
    @inctru 2 ปีที่แล้ว +1102

    I'm stressed about living in a country that has normalized corrupt, sociopathic behavior across all levels of the public & private sector, & seeing total societal/economic collapse likely in the not so distant future.

    • @mikegollihugh7992
      @mikegollihugh7992 2 ปีที่แล้ว +61

      Thankyou noone stands up to these people, we're slaves, because while 95% of us are stuck working forever for table scraps.
      All the lawyers and doctors in the world, and noone has really spoke out about all this.
      Its disgusting.
      I have lost absolutely all my faith in the system, our people, our cities and towns, states and all.
      We're all weak asf, and for that we will be slaughtered...

    • @hah-no.
      @hah-no. 2 ปีที่แล้ว +4

      You said it.

    • @itsmecaldo
      @itsmecaldo 2 ปีที่แล้ว +2

      @Robert Jameson They're literally true tho

    • @BFRIZZLE909
      @BFRIZZLE909 2 ปีที่แล้ว +5

      You've worded that beautifully.

    • @mikegollihugh7992
      @mikegollihugh7992 2 ปีที่แล้ว +3

      @Robert Jameson must be nice to be a complete fool, unfortunately I read alot

  • @rotmage
    @rotmage 2 ปีที่แล้ว +605

    It's stressful because we don't have enough to live or enjoy life. We are all waiting to get sick and go bankrupt. Feels pointless.

    • @PraveenSriram
      @PraveenSriram 2 ปีที่แล้ว +34

      $15/hr is a poverty wage in 2022 in big cities across the country and the minimum wage needs to be raised to $23/hr

    • @mfkenzotuberkz5347
      @mfkenzotuberkz5347 2 ปีที่แล้ว +5

      @@PraveenSriram 15$ is only for jobs that can be done by anyone

    • @PraveenSriram
      @PraveenSriram 2 ปีที่แล้ว +16

      @@mfkenzotuberkz5347 then why are college graduates 🎓 working low wage retail jobs that pay below ⬇️ $15/hr?

    • @mfkenzotuberkz5347
      @mfkenzotuberkz5347 2 ปีที่แล้ว +29

      @@PraveenSriram Because college doesn’t necessarily mean good pay, you are supposed to know the salary of the job that you are studying for and if you don’t want to starve then you just don’t study that field, I mean it’s a little stupid to not know the salary of the job you are studying for.

    • @hawks1394
      @hawks1394 2 ปีที่แล้ว +1

      @@PraveenSriram they will just raise the price of everything just like they did when I got a raise keep trying fellow slave

  • @haydencraig7149
    @haydencraig7149 ปีที่แล้ว +39

    When you invest you're buying a day you don't have to work

    • @thomasdooley3702
      @thomasdooley3702 ปีที่แล้ว +5

      Assets that can make you rich
      Bitcoin
      Stocks
      Real estate

    • @madiezancanellatl9205
      @madiezancanellatl9205 ปีที่แล้ว +1

      @@thomasdooley3702 You're right, it's obvious a lot of people remain poor due to ignorance

    • @ningyen1444
      @ningyen1444 ปีที่แล้ว

      I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings

    • @lindapoplin7150
      @lindapoplin7150 ปีที่แล้ว

      I advice everyone to start investing and never rely on just salary. No billionaire made it through salary

    • @ningyen1444
      @ningyen1444 ปีที่แล้ว

      I'm new to this Bitcoin trading, how do I get started with the help of a professional?

  • @erichkraetz2622
    @erichkraetz2622 ปีที่แล้ว +475

    My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing.

    • @checkforme234
      @checkforme234 ปีที่แล้ว +5

      I am 54 years old and my wife and I are very worried about our future, with gas and food prices rising every day. We have seen our savings dwindle with the cost of living in the stratosphere, it is impossible for us to replace them. We can manage, but we can't move forward. My condolences to everyone retiring in this crisis, all those years of working just to lose it all in a crisis you didn't cause.

    • @alexyoung3126
      @alexyoung3126 ปีที่แล้ว +6

      @@checkforme234 I feel your pain mate, as a fellow retiree I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an investment advisor "INGRID CECILIA RAAD" this year for assistance, and following her advice, I poured $150k in passive diversified safe-haven assets and its yielded $325k so far. Nothing special, just proper diversification and a cut loss and take profit strategy.

    • @joesphcu8975
      @joesphcu8975 ปีที่แล้ว +1

      I think it's especially difficult for retirees and near-retirees, I know to focus on the long term but the anxiety when you're supposed to retire in 3-5 years is exhausting. it is difficult for me to participate in the market right now due to the full-time nature of my job. it will be too stressful to combine so I don't even think about it

    • @lawerencemiller9720
      @lawerencemiller9720 ปีที่แล้ว +2

      @@alexyoung3126 Out of curiosity, I searched for Ingrid using her full name and she seems pretty tight and outstanding. I read her curriculum vitae, her school career. She is a fiduciary who will act in my best interest. So I booked a session with her on her contact webpage and hope she responds soon

    • @ricardodelacrvz1400
      @ricardodelacrvz1400 11 หลายเดือนก่อน

      Im in my mid late 20s and Im starting to invest every month. The thing is I live in France where most people see the stock market as gambling. Only 17% of people here invest in SM. Basic etfs and some tech companies during this recession.

  • @sivezt
    @sivezt 2 ปีที่แล้ว +193

    When baby boomers were in their 30s, they acquired 20% of the money supply.
    Millenials in their 30s hold 3% of the money supply.

    • @cyrilkarpenko691
      @cyrilkarpenko691 2 ปีที่แล้ว

      So what? No one lives forever, so soon enough Millenials/Z and the State are both going to benefit from all of that accumulated wealth.

    • @jaychah2563
      @jaychah2563 ปีที่แล้ว

      Baby boomers are the reason were in this mess

    • @39counting71
      @39counting71 ปีที่แล้ว +12

      Oldest millennials turned 40 this year!!! I'm going to build a house on family land or move my family overseas america is too greedy!!!

    • @forrestaustin7050
      @forrestaustin7050 ปีที่แล้ว +5

      Millenials also waste a ton of the money the acquire

    • @mr.centrist5789
      @mr.centrist5789 ปีที่แล้ว +14

      @@forrestaustin7050 You people are just full of excuses aren't you?

  • @tateoften
    @tateoften ปีที่แล้ว +1549

    With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making upto 250K within few months and I'd like to know how.

    • @jenniferpowell23
      @jenniferpowell23 ปีที่แล้ว +4

      @shane heried
      that's heavy!
      keep it up, I could really use the expertise of these advisrs
      my portfolio has been down bad....
      whose the person guiding you?

  • @ceciliajunkins317
    @ceciliajunkins317 2 ปีที่แล้ว +120

    With my rent rising to another $300/mo, I decided to see if my employer could assist me with a higher wage. I went in with a request of $2.50/hr. This would get me close to $20.00/hr. Been with the company for over 15 yrs now.
    However, they gave me only about half.
    I'm a single 67 YO, already cutting corners on every bill, eating frozen dinners since I cannot afford to buy regular food to cook. I haven't eaten out in a restaurant in over 2 yrs. I shop at Walmart and Family Dollar for groceries and paper products, with seldom buying anything else.
    Now, I have to move because employer didn't give me enough money to live on. They are a multi-million dollar company in the logistics business. It's sad the corporate world is getting richer on their employees lack of money.

    • @acosmictemple
      @acosmictemple 2 ปีที่แล้ว +5

      One solution I can think of is to open your mind about all the ways and avenues that money, resources, supplies can come to you other than through that one particular job.

    • @ceciliajunkins317
      @ceciliajunkins317 2 ปีที่แล้ว +2

      @@acosmictemple I will try to keep that in mind.

    • @hipoint40cal39
      @hipoint40cal39 2 ปีที่แล้ว +1

      Always remember: Your employer CAN pay you more, they just dont want to !!! Capitalism is pure evil.

    • @cherylmitchell37
      @cherylmitchell37 ปีที่แล้ว

      Do you have any children or relatives that you could live with?

    • @debbieframpton3857
      @debbieframpton3857 ปีที่แล้ว +2

      Your employer pays your wage for the work you do it's your responsibility how you spend it not theirs

  • @peterblair6489
    @peterblair6489 2 ปีที่แล้ว +305

    Money is stressfully, because you never get paid enough. You don't really need much more than you get, but keeping you desperate makes you work harder. Corporates love it that way.

    • @Kartel7622
      @Kartel7622 2 ปีที่แล้ว +16

      Victim mentality

    • @blakethegreatone2058
      @blakethegreatone2058 2 ปีที่แล้ว

      Doesn't help that the government takes 33% of what you get thanks to all the taxes. Ironically if Biden gave his Ukraine budget to the American people then everyone would be a multi millionaire.

    • @blakethegreatone2058
      @blakethegreatone2058 2 ปีที่แล้ว

      @Hunter Bidens Laptop 💻 such a dumb comment.

    • @londonmadenb9421
      @londonmadenb9421 2 ปีที่แล้ว +4

      victim mentality, so many ways to make a lot of money

    • @dachicagoan8185
      @dachicagoan8185 2 ปีที่แล้ว +18

      Corporations are buying off all the homes, raising prices of food and other essentials because they want extra profits for shareholders, and our 401ks are tanking. The media has the gall to ask this question why we're stressed out.

  • @MasterTSayge
    @MasterTSayge 9 หลายเดือนก่อน +5

    I moved to St Thomas in 2013 to be a bar tender after getting my bachelor in engineering and working at a $85k job. I was scared at 1st the I suffered a mental breakdown. I couldn't take it so I left America.
    THE BEST DECISION OF MY LIFE!
    I no longer have anxiety nor depression. I have real friends whom I call family, we play soccer every weekend plus Tuesday evenings, video games every Thursday and Friday nights, plus party Saturday nights at nightclubs where folks dont flex. I'm really Happy. I wish I've done this earlier. 😊

  • @grisellimay
    @grisellimay 2 ปีที่แล้ว +555

    I love how the end of the video pivoted to "if you're stressed about money just try not being depressed about it"
    Yea prices of everything is soaring and wages haven't moved since my parents had me but you know that's nothing a zen attitude can't solve 🤗

    • @yokuzo11
      @yokuzo11 2 ปีที่แล้ว +18

      I feel what you're saying and I'm not gonna pressure you into not being depressed about money; But the truth is you shouldn't be depressed about money; When you advance in spirituality, you realize that being overwhelmed by the world's problems is counterproductive; I truly came from nothing in life and while I make low wages, the value of my dollars are high because spirituality keeps me from the indoctrinated brain concept of paying for a residence and a car; And trust me, you definitely need spirituality to comfortably live as a modern day cowboy

    • @grisellimay
      @grisellimay 2 ปีที่แล้ว +10

      @@yokuzo11 so you don't have a home or a car?

    • @AnalyticalMenace
      @AnalyticalMenace 2 ปีที่แล้ว +8

      Well, this *is* CNBC after all.

    • @yokuzo11
      @yokuzo11 2 ปีที่แล้ว +2

      @@grisellimay No, I don't have a car or home; I do have a job but as far as where I live, I'm normally in different places that are open all the time; I might get a car within the next couple of years because a car isn't as much of a challenge as getting a home

    • @kumara5492
      @kumara5492 2 ปีที่แล้ว +6

      @@yokuzo11 I was about to comment like you did. And the irony of life is most of folks in US come from broken families resulting in insecure childhood and they can't even measure the essence of spiritually. Anyways, spending money on unnecessary things may not be good for them but it's good for the economy. Spendthrifts are scapegoats.

  • @cynicalrecidivist2026
    @cynicalrecidivist2026 2 ปีที่แล้ว +209

    I love how they use people who are purposely spending on consumer extras and not about poor wages, high rents, rising prices etc. You cannot budget your way out of poverty.

    • @neilmuir3503
      @neilmuir3503 2 ปีที่แล้ว +21

      its profoundly cruel to pretend poverty is a matter of personal choice. even if they did prove they could live with less, they would then be expected too.

    • @Navy35
      @Navy35 2 ปีที่แล้ว +1

      @@neilmuir3503 if you can- work 2 jobs and use one to save at least partial

    • @neilmuir3503
      @neilmuir3503 2 ปีที่แล้ว +12

      @@Navy35 you joking

    • @steveelliott742
      @steveelliott742 2 ปีที่แล้ว +6

      “I contend for a nation to try and tax itself into prosperity is like a man standing in a bucket and trying to pick himself up by the handle” Winston Churchill

    • @neilmuir3503
      @neilmuir3503 2 ปีที่แล้ว +1

      @@steveelliott742 if my boss would pay me more, ill pay the taxes he won't. sounds good to me

  • @madbug1965
    @madbug1965 2 ปีที่แล้ว +124

    Too many people out there trying to steal or scam you out of your money. There are also people who just want to leach off you until you have no money left. I just tell everyone that I am broke. My money is no one's business.

    • @northerniltree
      @northerniltree 2 ปีที่แล้ว +11

      Can i borrow a hundred bucks?

    • @freeguy3751
      @freeguy3751 2 ปีที่แล้ว +1

      So lie to survive? Sounds like a tough way to live

    • @neilmuir3503
      @neilmuir3503 2 ปีที่แล้ว +1

      @@freeguy3751 yeah lying is the worst part lol not the work

    • @codenamezz9993
      @codenamezz9993 2 ปีที่แล้ว

      Best advice you can give to you and people around👍

    • @frankculaga5169
      @frankculaga5169 ปีที่แล้ว +1

      Tell me about it man. Look at all the gold diggers.

  • @dupeusa
    @dupeusa 2 ปีที่แล้ว +260

    It’s not even about the financial literacy. That information used to be for people that want to get rich, now it’s information to just stay alive. Rent is high, food costs are high, and gas is high. We are now working our butts off to just pay for essentials. And of course mental health is affected. You gotta work more for less leisure time which is where you decompress. Also, look at the bad processed food we all eat…making our health even worst. We can avoid it but what time do we even have to make a meal from scratch anymore.

    • @davidwalker2144
      @davidwalker2144 2 ปีที่แล้ว +1

      Dollar Money is a silent dictator test, " in God we trust "
      The cure is reading the word of God that reminds you never will you buy, food, get stressed, dirty, tired ,sick never will you pay rent, paradise believe me?👇😂

    • @AndyWallWasWeak
      @AndyWallWasWeak 2 ปีที่แล้ว

      food is really what gives away the sinister plans: putting chemicals, preservatives is just normal, finding anything without is next to impossible. add fake healthy vegan stuff, and the choice left is very limited. restaurants with overly expensive frozen foods reheated, same long shelf stuff even though clearly scale benefits using fresh ingredients and preparing
      forcing people to give up health, family, social time for meaningless jobs encouraging bad habits (desk/stress) is just new exploitation. rising costs are pushing everyone into this unnecessary evil

    • @PraveenSriram
      @PraveenSriram 2 ปีที่แล้ว +3

      Very well said Armando…thank you so much

    • @negatron7321
      @negatron7321 2 ปีที่แล้ว +8

      Buy nuts, healthy straight out of the bag, nothing to do. Cacao, mix with a bit of milk or cacao butter, cream+starch, very healthy (unroasted, undutched). Lettuce, cucumber, tomato etcs, just cut em to pieces or get a machine to do it for you. Other vegetables same thing, auto-cut, put it water, some spices, come back in 30 mins. It's not perfectly delicious but it's all perfectly healthy and quick. It's all that stuff that takes time to make; lasagnas, pizzas, cakes and whatever other garbage people eat these days that takes time.

    • @angelainamarie9656
      @angelainamarie9656 2 ปีที่แล้ว +16

      Living this country is no longer worth the enormous effort it takes to survive if I could leave I would

  • @elvismark5172
    @elvismark5172 ปีที่แล้ว +963

    The markets are still doubtful that the Federal Reserve will keep to its plan to raise interest rates until inflation is under control, even if bond yields are rising while stock prices are falling. What is the greatest method to profit from the current bear market while I'm still deciding whether to sell my $401,000 worth of stocks?

    • @alexanderjames3043
      @alexanderjames3043 ปีที่แล้ว +2

      Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.

    • @oscarjiron6974
      @oscarjiron6974 ปีที่แล้ว +2

      The fact that the US stock market had been on its longest bull run ever makes the widespread worry and enthusiasm understandable given that we are not used to such unstable markets. As you pointed out, it wasn't tough for me to earn over $780k in the last 10 months, so there are chances if you know where to go. I hired a portfolio advisor since I was aware that I needed a solid and trusted plan to survive these trying times.

    • @waynestones
      @waynestones ปีที่แล้ว +2

      @@oscarjiron6974 Because my portfolio has performed poorly for the whole year, I tried researching new ways to make money in the market, but everything I attempted just seemed to miss the target. Please provide us with your financial advisor's name.

    • @oscarjiron6974
      @oscarjiron6974 ปีที่แล้ว +2

      @@waynestones I've worked with several different investment advisors, but thus far, "Sharon Lee Casey" has shown to be the most knowledgeable and competent. You might be able to discover her online by performing a name search given the size of her fan base.

    • @patrickperez7387
      @patrickperez7387 ปีที่แล้ว +1

      @@oscarjiron6974 She has outstanding credentials and a commendable job, so I can see why she is so busy. I instantly copied Sharon's complete name and typed it into my browser as a result.

  • @ahndeux
    @ahndeux ปีที่แล้ว +62

    My parents taught me as a kid one important lesson. They said to never spend money you don't have unless its to buy a house. That includes cars, clothes or anything you need. If you can't afford a new car, buy a old use beater. If you can't afford new trendy clothes, go to Goodwill. They told me to never spend on credit cards unless you can pay it back. I only got a credit card to build credit, not to spend. As a result, it has helped me my entire life. I don't stress about money at all anymore. In fact, I never did stress out on money even as a young adult. If I can't afford something, I don't buy it. Once I started making money, it took less than a year to save up to buy a house. Instead of moving out right away, I stayed home, paid all the utility bills and saved up money for a few years to get my own place. I paid off the house in less than 12 years and have zero mortgage and nice 401K savings, Roth, and many other assets. I have zero debt and still drive older used cars that I paid in cash. Life is so much more enjoyable without a single worry about money.

    • @lylalorenza4603
      @lylalorenza4603 ปีที่แล้ว +2

      Hi, I am curious about something. How does someone pay for unintended expenses such as private school of you live in a poor school district or unexpected medical expenses.

    • @ytucharliesierra
      @ytucharliesierra ปีที่แล้ว +5

      @@lylalorenza4603 When he says he doesn't buy things he can't afford, it also means that he is able to put money back, to save money. So if no proper health insurance is available, he possibly has some savings that should cover for unintended expenses. That is one of the major features of proper money management in household finances, the ability of saving money, of making an underbudget every month.

    • @cherylT321
      @cherylT321 ปีที่แล้ว +1

      You are awesome!

    • @lordjazm3161
      @lordjazm3161 ปีที่แล้ว

      Yes sir 👏

    • @ely27able
      @ely27able ปีที่แล้ว

      Facts

  • @bosedohne5209
    @bosedohne5209 2 ปีที่แล้ว +214

    I'm a German living in Germany and just thinking about living in America where there is no universal Health Insurance (at least not to the extent as it is in Germany), no reliable Pension, no childcare benefits, no parental leave, no free university...., stresses me out

    • @user-gz4ve8mw9l
      @user-gz4ve8mw9l 2 ปีที่แล้ว +37

      Now imagine being trapped here in the bottom rungs of society. It's a fate worse than death truly I can vouch for it personally.

    • @fwefhwe4232
      @fwefhwe4232 2 ปีที่แล้ว +42

      usa seems like a great place to make money for a software dev or a doctor, making more than 200k a year.
      for average american, it seems expensive

    • @hairyrope1912
      @hairyrope1912 2 ปีที่แล้ว +10

      It's really not that bad

    • @minimalistvlogger3467
      @minimalistvlogger3467 2 ปีที่แล้ว +12

      how do I move to germany? lol

    • @paulpetrovich8779
      @paulpetrovich8779 2 ปีที่แล้ว

      Be careful, runaway inflation, paying more defense because of the new circumstances Europe finds itself in, immigration, rising energy costs lowering competitiveness. Your government may start scaling some of that back.

  • @nicolegraham1492
    @nicolegraham1492 2 ปีที่แล้ว +223

    This sudden high inflation in Florida has been such a nightmare for me. It’s absolutely horrid. I feel I just cannot get a head. The more I earn it is seems like, due to inflation, like I’m earning the same or less.

    • @estebanhenriquez3491
      @estebanhenriquez3491 2 ปีที่แล้ว +27

      I make $20 an hour. However, it almost feels like $20 is the new $15!

    • @zane8789
      @zane8789 2 ปีที่แล้ว +8

      @@estebanhenriquez3491 In Illinois, making $15 an hour feels like I'm making $20 an hour!!! Not gonna lie. Sincerely, a lifelong Floridian turned Midwestern 2 years ago

    • @camaranpayne5355
      @camaranpayne5355 2 ปีที่แล้ว

      Chill out

    • @theroldan8675
      @theroldan8675 2 ปีที่แล้ว +2

      Nice... at least drug dealers from colombia in the florida arent suffering... lol

    • @justinlavine9209
      @justinlavine9209 ปีที่แล้ว

      Thank you MSNBC! Somebody finally asked the hard hitting questions that our Federal Reserve Chiefs, SEC Commissioners, Wallstreet Brokers, Federally Insured Credit and Lending Institutions, and government think tanks like the MIT Sloan Business School have been exhaustively researching since the first post 9/11 Recession of 2008.
      With exclusive interviews from many of today's top financial analysts, this groundbreaking coverage of America's fastest growing domestic markets examines the impact of one of the largest National debts in U.S. history as well as the soaring cost of inflation on businesses and the general public alike.
      Educate yourself by spending your money as wisely as your time by watching a collage of independent thinkers give Twitter(TM) sized answers to problems as diverse as:
      Why we ain't got no damn money no more?
      Why this mf sh*t so expensive?
      How tf a mf stay employed today and tomorrow?
      What tf you mean I have to pay back this school loan?
      And, can I afford this God damn medical bill and f***in' mortgage at the same time?
      Up next on MSNBC!

  • @murdelabop
    @murdelabop 2 ปีที่แล้ว +279

    For me the big stressor is healthcare. I long ago accepted that I would never be able to retire, but the major reason for that is the cost of healthcare.

    • @MrOrbion
      @MrOrbion 2 ปีที่แล้ว +32

      Come live in Europe. Here health care is a human right. But you must be willing to leave everything behind

    • @quaithom3138
      @quaithom3138 2 ปีที่แล้ว +8

      It may be possible for you to retire; Prior to reaching age 65, make an appointment with a medicare specialist to determine how much healthcare would actually cost you, and how it fit's into your social security picture. Don't accept stressors in your life. Do all you can do to avoid it. Good luck.

    • @davidwalker2144
      @davidwalker2144 2 ปีที่แล้ว +3

      Dollar Money is a silent dictator test, " in God we trust "
      The cure is reading the word of God that reminds you never will you buy, food, get stressed, dirty, tired ,sick never will you pay rent, paradise believe me?👇😂

    • @jl1695
      @jl1695 2 ปีที่แล้ว

      You can get healthcare for free through medicaid if your poor or low income every state has it , idk why people complain about healthcare when it’s literally free in the united states , stop working for crappy companies that cant even give you free healthcare everybody is all about work work work but if your job cant provide healthcare and good benefits no experience and job security where its hard to get fired then why even work , half of the human population is stupid

    • @DannyWalker247
      @DannyWalker247 2 ปีที่แล้ว +3

      Join the club. All you hear is this retirement planning crap and the average person still has a hard time paying for housing and putting food on the table. Retirement has become a luxury
      that only the wealthy can afford. If things don't change you will see people just dying out on the street like in Bangladesh or somewhere. It is only a matter of time.

  • @KiyosakiSays
    @KiyosakiSays 11 หลายเดือนก่อน +38

    “Financial struggle is often the result of people working all their lives for someone else.” - Robert Kiyosaki

    • @lasgdle2777
      @lasgdle2777 6 หลายเดือนก่อน

      I respectfully disagree. Aside from an illness and/or disability, loss of a job, etc., I would venture to say many people are struggling financially because of poorly managing their money. For example, running up credit cards that have high interest rates. If you can't pay your credit card balance each month, you're asking for trouble! For example, it takes years just to pay off a $5,000 balance with the interest rate about 25% or higher. Some people are hung up on material things, buying things they don't need, running behind holidays like Christmas and charging a bunch of stuff that they know they cannot afford. As a child it was very common to put items in lay away and make payments until the merchandise is paid in full. I've seen commercials that encourage people to buy more and more, e. g., the companies advertise: no credit, bad credit, don't worry you can get it!
      Some, no matter how much money they earn, will always be struggling financially because they fail to properly manage their finances. They have to have the latest this or that, they have to look good, etc. So many don't want to sacrifice and/or go without. Some will spend every dime they have and when an emergency arises they have no money saved. There are exceptions, but, I believe that a lot of households are in poor financial shape because of the poor decisions they made.

  • @Beepbeepoutoftheway
    @Beepbeepoutoftheway 2 ปีที่แล้ว +207

    Individual choices, of course! Why didn't I think of that? Good thing it's not corporations depressing wages and price gouging while landlords raise the rent year after year

    • @JAlan4
      @JAlan4 2 ปีที่แล้ว +4

      Might want to look at the central bank and government for having us be at this point.

    • @icyx9268
      @icyx9268 2 ปีที่แล้ว

      they talk about loss of money from loss of human life vs actual loss of human life itself THIS is why were f*cked

    • @henrygustav7948
      @henrygustav7948 2 ปีที่แล้ว

      @@JAlan4 Might want to look at banks defrauding people, banks and Wall St controlling the levers of Government.

    • @angelainamarie9656
      @angelainamarie9656 2 ปีที่แล้ว +2

      Not only raising the rent but refusing to fix their slum properties

    • @angelainamarie9656
      @angelainamarie9656 2 ปีที่แล้ว +3

      @@JAlan4 is that an argument or a tautology from the right. Cuz it looks like a lazy tautology to me

  • @bonniegaither3994
    @bonniegaither3994 2 ปีที่แล้ว +165

    That’s what corporations want…your unhappiness is great for their bottom line.

    • @davidwalker2144
      @davidwalker2144 2 ปีที่แล้ว +1

      Dollar Money is a silent dictator test, " in God we trust "
      The cure is reading the word of God that reminds you never will you buy, food, get stressed, dirty, tired ,sick never will you pay rent, paradise believe me?👇😂

    • @evilds3261
      @evilds3261 2 ปีที่แล้ว +1

      Not really, enough unhappiness and you get despair and insanity that will destroy their bottom lines.

    • @justinlavine9209
      @justinlavine9209 ปีที่แล้ว

      Thank you MSNBC! Somebody finally asked the hard hitting questions that our Federal Reserve Chiefs, SEC Commissioners, Wallstreet Brokers, Federally Insured Credit and Lending Institutions, and government think tanks like the MIT Sloan Business School have been exhaustively researching since the first post 9/11 Recession of 2008.
      With exclusive interviews from many of today's top financial analysts, this groundbreaking coverage of America's fastest growing domestic markets examines the impact of one of the largest National debts in U.S. history as well as the soaring cost of inflation on businesses and the general public alike.
      Educate yourself by spending your money as wisely as your time by watching a collage of independent thinkers give Twitter(TM) sized answers to problems as diverse as:
      Why we ain't got no damn money no more?
      Why this mf sh*t so expensive?
      How tf a mf stay employed today and tomorrow?
      What tf you mean I have to pay back this school loan?
      And, can I afford this God damn medical bill and f***in' mortgage at the same time?
      Up next on MSNBC!

    • @familyfriendlyvideos2241
      @familyfriendlyvideos2241 ปีที่แล้ว

      @@davidwalker2144 God isn't even real 😂🤣

    • @davidwalker2144
      @davidwalker2144 ปีที่แล้ว

      @@familyfriendlyvideos2241 and who gives you rain?
      And who's land are you standing on? Training a crooked is not a joke😡👎

  • @sextond
    @sextond ปีที่แล้ว +8

    I work with a lot of Europeans and they never worry about losing a job or getting a medical bill that will push them over a financial cliff. They know that there is a safety net, so they do not get stressed to the level that Americans do. I think we have done this to ourselves by allowing the shift of all responsibilities onto the individual.

    • @ricardodelacrvz1400
      @ricardodelacrvz1400 11 หลายเดือนก่อน

      It really depends on the european country. If you talk about Portugal or Greece then you worse than America. Minimum wage there is not even 700euros. Thank god I moved to France 4 years ago. Sacrificed a lot but I can eat now, save and invest.

  • @lanetomkow6885
    @lanetomkow6885 2 ปีที่แล้ว +259

    I'm financially ok, but this nearly had me in tears.
    Very real topic.

    • @blakelewison9872
      @blakelewison9872 2 ปีที่แล้ว +13

      Don’t take this personal but people like you are part of the problem. From my experience people who are financially well off often ignore and don’t care how bad income inequality is and they often oppose public policy that would help lower the income inequality gap because they worry it might slightly affect them.

    • @lanetomkow6885
      @lanetomkow6885 2 ปีที่แล้ว +21

      @@blakelewison9872 No offense taken.
      Just to reiterate, I stated I was financially "ok". As in can pay my bills.
      I am married with 2 kids, moved 5 times to afford to live a life I wanted my family to have. Thus leaving beautiful Vancouver where I grew up, to a more lets say, less favorable place.
      But I am grateful for what I have and work hard everyday for it.
      This is a real topic though, however I don't think a single policy can change the way life is for normal people.
      We must remember though that most of us are way more well off than our ancestors just 100 years ago. But we should always be striving to do better for ourselves and others indeed.
      I don't believe it's possible for me to be out of touch since I'm part of the working class however.
      Perhaps a balance of responsibility for one's actions and asking for help when needed is the right approach.
      Best wishes.

    • @blakelewison9872
      @blakelewison9872 2 ปีที่แล้ว +8

      @@lanetomkow6885 better public policy can absolutely fix this. It drives me nuts when people say it can’t.

    • @lanetomkow6885
      @lanetomkow6885 2 ปีที่แล้ว +4

      @@blakelewison9872 Perhaps you are right.
      But I believe it has to be both parties trying their best at solving the issue of wealth inequality. That being the public entity and the private individual.

    • @navysteel
      @navysteel 2 ปีที่แล้ว +3

      Price of gas is too high.

  • @borikero1
    @borikero1 2 ปีที่แล้ว +208

    In the US, it is actually less financially stressful being "poor" than being working middle class...you just have more to lose. It is easier to feel anxiety, stress, and burnout with little to show for it. You are also one illness or hospital visit away from losing whatever you have saved up. Been on both sides and know this for a fact. At this point many people are just giving up on the system till it resets eventually...especially once the boomer generation gives up the death grip it has on politics and the economy.

    • @josephlong8549
      @josephlong8549 2 ปีที่แล้ว +30

      "You are also one illness or hospital visit away from losing whatever you have saved up." Yep! I pay less than $19 per month for good socialized medicine here in Costa Rica. Per capita spending on health care: US $12,530, Costa Rica $922. Life expectancy US 76.6 years, Costa Rica 80.47 years. Spending less. Living longer. Just one of the reasons I got outta Dodge.

    • @mrsdramaqueen3
      @mrsdramaqueen3 2 ปีที่แล้ว +20

      as a poor person who is on the verge of homelessness, I think we’re all struggling greatly but it isn’t less stressful in any way shape or form

    • @msheehandub
      @msheehandub ปีที่แล้ว

      Young people can go and overwhelm the polls and vote these old fart boomers out. Until then, the old farts will keep voting for themsleves

    • @mammajamma4397
      @mammajamma4397 ปีที่แล้ว +1

      That's just not true at all.

    • @justinlavine9209
      @justinlavine9209 ปีที่แล้ว +6

      Thank you MSNBC! Somebody finally asked the hard hitting questions that our Federal Reserve Chiefs, SEC Commissioners, Wallstreet Brokers, Federally Insured Credit and Lending Institutions, and government think tanks like the MIT Sloan Business School have been exhaustively researching since the first post 9/11 Recession of 2008.
      With exclusive interviews from many of today's top financial analysts, this groundbreaking coverage of America's fastest growing domestic markets examines the impact of one of the largest National debts in U.S. history as well as the soaring cost of inflation on businesses and the general public alike.
      Educate yourself by spending your money as wisely as your time by watching a collage of independent thinkers give Twitter(TM) sized answers to problems as diverse as:
      Why we ain't got no damn money no more?
      Why this mf sh*t so expensive?
      How tf a mf stay employed today and tomorrow?
      What tf you mean I have to pay back this school loan?
      And, can I afford this God damn medical bill and f***in' mortgage at the same time?
      Up next on MSNBC!

  • @laudableplain4282
    @laudableplain4282 2 ปีที่แล้ว +59

    -Don't spend more than you make
    -don't have kids you can't afford

    • @theroldan8675
      @theroldan8675 2 ปีที่แล้ว +13

      in other woords.. stop existing... lol

    • @laudableplain4282
      @laudableplain4282 2 ปีที่แล้ว +3

      @@theroldan8675 sadly kinda, blame the bankers and politicians for inflation

    • @justinlavine9209
      @justinlavine9209 ปีที่แล้ว +1

      Thank you MSNBC! Somebody finally asked the hard hitting questions that our Federal Reserve Chiefs, SEC Commissioners, Wallstreet Brokers, Federally Insured Credit and Lending Institutions, and government think tanks like the MIT Sloan Business School have been exhaustively researching since the first post 9/11 Recession of 2008.
      With exclusive interviews from many of today's top financial analysts, this groundbreaking coverage of America's fastest growing domestic markets examines the impact of one of the largest National debts in U.S. history as well as the soaring cost of inflation on businesses and the general public alike.
      Educate yourself by spending your money as wisely as your time by watching a collage of independent thinkers give Twitter(TM) sized answers to problems as diverse as:
      Why we ain't got no damn money no more?
      Why this mf sh*t so expensive?
      How tf a mf stay employed today and tomorrow?
      What tf you mean I have to pay back this school loan?
      And, can I afford this God damn medical bill and f***in' mortgage at the same time?
      Up next on MSNBC!

  • @Hoppensagen
    @Hoppensagen 2 ปีที่แล้ว +175

    The real problem is business paying money to comgress people to vote on bills that redistribute wealth from the working class to the wealthy. In 1980, the lower class had 10% of the share of the U.S gdp, middles class was 62% and upper class was 29%, now 40 years later, the lower class is 9%, middles class is 42% and upper class is 48%. The money in congress has led this charge and republicans and democrats of this era should be ashamed, we need to vote these people out they respond only enough to get them elected, and then do whatever lobbiest tell them to do. We know that the bail out money just put normal Americans into debt so companies could repurchase shares. We know they bring up issues like abortion, and guns to divide everyone when talk about the corruption starts to rise like we saw when we found out congress does a lot of insider trading. Don't get distracted, our focus needs to be on corruption in congress.

    • @Garrosh8781
      @Garrosh8781 2 ปีที่แล้ว +11

      👆Facts!

    • @user-gz4ve8mw9l
      @user-gz4ve8mw9l 2 ปีที่แล้ว

      Socialism for the elites as socialism actually does work contrary to decades of propaganda. It's the reason oligarchs practice it and give us the capitalism as modern day slaves in all but name. For the very same reason the CIA terrorist organization coups so many countries. If they let socialism ever truly flourish unimpeded the people would reason it's far better. At least than a dystopian hellscape which we are trapped within the confines at present.
      Voting will never do anything in this system buddy. The corporate oligarchs control everything. Both parties are one party contrary to the propaganda. They are the party of the corporate oligarchy. The ONLY way this changes is revolution it need not be violent however.

    • @dachicagoan8185
      @dachicagoan8185 2 ปีที่แล้ว +1

      the media will never talk about that truth. They work for the corporations to keep us misinformed.

    • @JosefJochemPodcast
      @JosefJochemPodcast 2 ปีที่แล้ว

      Bitcoin fixes this.

    • @dachicagoan8185
      @dachicagoan8185 2 ปีที่แล้ว +8

      @@JosefJochemPodcast the only thing bitcoin "fixes" is reducing your net worth if you want to be poor.

  • @chicheng1941
    @chicheng1941 2 ปีที่แล้ว +50

    If Americans instantly stopped using debt to finance their lifestyles the US economy would completely collapse in an instant. America is a country that was built on debt, the American population is no different.

    • @D_LEGEND
      @D_LEGEND 2 ปีที่แล้ว

      Some debt is actually healthy as it inspires growth. It would not collapse an economy.
      But what's happening in the US when it comes to debt is insanity. This is why it has to do all it has to do to stay at the top of being most influential in the world.

    • @Hans-gb4mv
      @Hans-gb4mv 2 ปีที่แล้ว +1

      @@D_LEGEND Some debt, yes. The big purchases in life like your house, where you are paying of for decades. Absolutely. But in a country where people buy almost everything with creating debt, you have a big issue. We've seen that in 2008 with the collapse of the housing bubble which, essentially, was also a debt bubble.
      But it's an issue that will be dificult to solve. If you are already dragging a massive debt behind you by the time you can start your first proper job, how do you ever hope to break that cycle?

    • @leftismtoday6072
      @leftismtoday6072 2 ปีที่แล้ว

      Americans are forced to take out debt, it's not a choice. Without a higher education for many people they will be stuck living the same paycheck to paycheck lifestyle while earning even less and having less security. The answer is socialism

    • @theroldan8675
      @theroldan8675 2 ปีที่แล้ว

      agree. west world lives on credit but this losers believe they are some kind of european monarchs

  • @iivv_nn
    @iivv_nn 2 ปีที่แล้ว +84

    lost me when you let the girl talk about shopping into 30k debt and the other about drinking and eating.

    • @AdADglgmutShevanel
      @AdADglgmutShevanel ปีที่แล้ว +4

      That girl is the CEO and founder of a company for financial education... I feel like her statement really hurt her business

    • @MikeyPaper
      @MikeyPaper ปีที่แล้ว +7

      @@AdADglgmutShevanel its blind leading the blind

    • @bathombre9739
      @bathombre9739 ปีที่แล้ว +3

      Yeah these women are out to lunch , and that first one saying she is 34 and has 28k in debt and that's credit card,, I'm sure she has school.and car loan debt as well, who the hell would get advise from these people, who would marry them?

    • @frankculaga5169
      @frankculaga5169 ปีที่แล้ว

      @@bathombre9739 Are they just victims of bad luck? Or did they bring it upon themselves.

    • @iivv_nn
      @iivv_nn ปีที่แล้ว

      @@grit1679 nah bro lol

  • @docsays
    @docsays 2 ปีที่แล้ว +87

    Aint gona lie I don’t think i would admit to racking up $30k in debt while having a finance background, then claim to be a money coach 🤔

    • @jesuslover5968
      @jesuslover5968 2 ปีที่แล้ว +6

      It’s called being an “actor”

    • @PatrickGotHands
      @PatrickGotHands 2 ปีที่แล้ว +15

      Everyone is a founder and CEO nowadays

    • @HH-le1vi
      @HH-le1vi 2 ปีที่แล้ว +3

      Meet a therapist who doesn't need help. The best ones don't follow their own advice.

    • @acosmictemple
      @acosmictemple 2 ปีที่แล้ว +8

      I don't know any billionaires teaching about finances and money for the masses so I see she is human using real experiences to help others

    • @neilmuir3503
      @neilmuir3503 2 ปีที่แล้ว

      @@acosmictemple yeah but ive never done anything that stupid, i dont even have that as a possibility in my life.

  • @williumroden732
    @williumroden732 2 ปีที่แล้ว +153

    I don’t need someone to tell me I’m stressed about money lmao

    • @thejquinn
      @thejquinn 2 ปีที่แล้ว +14

      Especially a "money coach" that literally balled out $30k during covid because they were "stressed", and want to give others finance advice 🤣🤣🤣

    • @davidwalker2144
      @davidwalker2144 2 ปีที่แล้ว +1

      Dollar Money is a silent dictator test, " in God we trust "
      The cure is reading the word of God that reminds you never will you buy, food, get stressed, dirty, tired ,sick never will you pay rent, paradise believe me?👇😂

    • @jl1695
      @jl1695 2 ปีที่แล้ว

      Well the media always needs these random wanna be experts to control our lives and tell us the obvious

    • @wread1982
      @wread1982 2 ปีที่แล้ว +3

      You are stressed about money bro

    • @freeguy3751
      @freeguy3751 2 ปีที่แล้ว +3

      @@thejquinn Yeah that was so funny! They barely focused on their helpful advice and just exploited their destructive spending stories

  • @Northwest360
    @Northwest360 2 ปีที่แล้ว +59

    These videos that don’t get to the heart of the issues (capitalism, wage labor, corporate greed, stagnating wages, increasing costs of everything, everything being seen as a liquid asset, etc) are so frustrating! We need a societal revamp, not a “good attitude” and bootstraps

    • @Beekeeper8011
      @Beekeeper8011 2 ปีที่แล้ว

      Uploaders on TH-cam can only be so truthful.
      Oh, and the societal revamp we need is an abolition of the welfare state and the shrinking of the federal government.
      Everything is so expensive bc we got off the gold standard in 1971 due to LBJ's expansion of the welfare state in the 60's.
      th-cam.com/video/nWNB3XnSWBE/w-d-xo.html

    • @Jimraynor45
      @Jimraynor45 2 ปีที่แล้ว

      Lol, heart of the issue? Saying capitalism is at the heart would be like saying oxygen is the main reason fires start. Capitalism is fundamental to the success of humans. You are surrounded by the achievements of capitalism! Clearly, you are quite ignorant Matt, probably naive and foolish as well. I don't have time to explain how wrong you are, but just look at history. How many graves do you need Matt! Those nations which drifted farthest from free market capitalism are doing worse, not better! We don't need a collective revamp, we need individual strength and responsibility, not collective guilt.

    • @scifirealism5943
      @scifirealism5943 2 ปีที่แล้ว +4

      Correct.

    • @M123Xoxo
      @M123Xoxo 2 ปีที่แล้ว +1

      CNBC is in bed with the corporations who've destroyed our quality of life and looted this country. Not surprised they're spreading propaganda that blames the individual for the problems created by corporate greed.

    • @scifirealism5943
      @scifirealism5943 2 ปีที่แล้ว +1

      @@M123Xoxo why can't we have an honest news media company?

  • @theyjustwantyourmoney4539
    @theyjustwantyourmoney4539 2 ปีที่แล้ว +69

    Living below your means has become impossible considering that the minimum wage can no longer pay for a roof over your head + consumer debt = homeless with a job.

    • @EVP5309
      @EVP5309 2 ปีที่แล้ว +7

      And considering it was never meant to, that problem is on those who refuse to increase their skill set to make themselves more valuable.

    • @scifirealism5943
      @scifirealism5943 2 ปีที่แล้ว

      @@EVP5309 So because something hasn't existed before it can't exist now? According to that logic women don't deserve to vote.
      Since they didn't have that right until 1918.

    • @scifirealism5943
      @scifirealism5943 2 ปีที่แล้ว +4

      @@EVP5309 Minimum wage jobs are dead-end. They give you no skills to become a stem Lord nor do they pay you enough to pursue a college education.
      Tell me how pushing carts at Wal-Mart or serving ice cream at McDonald's qualifies me to be a neurosurgeon.

    • @The1GeminII
      @The1GeminII 2 ปีที่แล้ว +3

      @@EVP5309 -They don’t understand those jobs were meant to be temporary positions, with no benefits, for teenagers and college students. Unfortunately, they were never meant to sustain an individual’s independent living. It’s also disheartening, people are discouraged from attending college, or obtaining a trade.

    • @The1GeminII
      @The1GeminII 2 ปีที่แล้ว +3

      @norm simpson -People in their 50s and 60’s are obtaining degrees. It’s almost never too late to re-educate or retrain.

  • @need4speed5353
    @need4speed5353 ปีที่แล้ว +13

    My reaction to lots of stress is throwing up and it sucks. Last winter, I was throwing up 2 or 3 times a week because my job wasn't putting me on the schedule much and I couldn't pay my bills, and I was just 16. The same thing happened after I had a car accident this year. Might as well start your suffering while you're young so you get used to it

  • @jeffreyjackson5229
    @jeffreyjackson5229 ปีที่แล้ว +7

    I knew a work colleague who had to work two full-time jobs to support his family, even though his wife was working, I think?
    He confessed to us, all males present at the time, that he was headed to his second job and was feeling so overwhelmed that he pulled over to the side of the interstate, parked his car, sat there for approximately 30 minutes, and just cried.

  • @user-fp4dr1ne7z
    @user-fp4dr1ne7z 2 ปีที่แล้ว +159

    Corporate greed, financial literacy, inflation, not budgeting and living below your means, not saving and investing. The battle is all around us and within us.

    • @sew_gal7340
      @sew_gal7340 2 ปีที่แล้ว +2

      *illiteracy

    • @northerniltree
      @northerniltree 2 ปีที่แล้ว +3

      Living ABOVE your means

    • @icyx9268
      @icyx9268 2 ปีที่แล้ว

      they talk about loss of money from loss of human life vs actual loss of human life itself THIS is why were f*cked

    • @COURTNEYVCK
      @COURTNEYVCK 2 ปีที่แล้ว +16

      Oh shut up, not budgeting and living below your means isn’t the problem. People are already living paycheck to paycheck with low wages and high cost. There’s nothing left to say please save your malarkey

    • @TrevForPresident
      @TrevForPresident 2 ปีที่แล้ว +2

      The Fed

  • @abhijitchintamani1287
    @abhijitchintamani1287 2 ปีที่แล้ว +41

    I'm unmarried, live alone on a 70k+ income and yet nothing seems to be affordable like an emergency health situation, or a home or even a pet.

    • @PlanetX369
      @PlanetX369 2 ปีที่แล้ว +6

      Even 90k a month is not enough. This is the absolute worst economy I've ever seen

    • @abhijitchintamani1287
      @abhijitchintamani1287 2 ปีที่แล้ว +4

      I forgot to mention, I live in a humble Texas city(not one of the top ones) and 70k still doesn't suffice.

    • @DC-rd6oq
      @DC-rd6oq 2 ปีที่แล้ว +7

      @@abhijitchintamani1287 Texas doesn't have state income tax, so I'd guess your take home pay is somewhere between $4,500 and $5,000 per month. As a single person not living in a high rent/expensive area, you should be able to live on that pretty easily. If you don't have one already, put a budget together and figure out where you're spending each and every dollar. IMO, inflation is going to get worse not better, so it isn't going to get any easier.

    • @tiamarie1226
      @tiamarie1226 ปีที่แล้ว +1

      @@DC-rd6oq disagree I've been on the low end and I'm around 70k in Texas too ....and with costs of things it seems like I'm still not ahead. Wages are up but sucked up by inflation of things so not really ahead. I am in a bigger city not a renter but pro taxes and home ins have gone up so my monthly mortgage is more. They also tax you more and still benefits are taken out of the check. I will say the only change I am able to save I remember when I made less there was nothing to save after all was paid and food brought.

    • @tiamarie1226
      @tiamarie1226 ปีที่แล้ว +1

      @@abhijitchintamani1287 I agree with your statement even 70k is not getting you as far .

  • @QuietRiot69
    @QuietRiot69 2 ปีที่แล้ว +16

    Money is stressful because WE DON'T HAVE ANY!!!

  • @JadedJassy21
    @JadedJassy21 2 ปีที่แล้ว +62

    Oddly enough at 35 I feel conflicted. I finish school. Got my career. Own a home (thanks FHA) but still life has also gotten bleaker. War, hate, increased crime and financial anxiety. Things have gotten more $$. It's harder to save. Money doesn't go as far. Jobs aren't secure. Social safety nets are weak. Saving for retirement is a joke. Right now, I am trying to save as much $$ in my emergency savings but it's weak right now.

    • @colin8696908
      @colin8696908 2 ปีที่แล้ว +1

      have you tried turning off the news?

    • @mrsdramaqueen3
      @mrsdramaqueen3 2 ปีที่แล้ว +8

      @@colin8696908 that’s assuming he watches the news and even if he does, watching it or not isn’t changing the fact that people can’t afford to live

  • @DynastyTrickDogs
    @DynastyTrickDogs ปีที่แล้ว +15

    Why is it so stressful? Because unless you're an instant multimillionaire, you're constantly working every day all day just to eat and not live in a box. One accident will gurantee homelessness.

  • @dannyzero692
    @dannyzero692 2 ปีที่แล้ว +51

    Money doesn’t buy happiness is a myth, money does buy happiness is a fact.

    • @sarahferguson0
      @sarahferguson0 2 ปีที่แล้ว +16

      That money doesn't buy happiness crap was started by the rich. I guarantee a bit of money right about now would bring me some happiness. 🙂

    • @TofuCate
      @TofuCate 2 ปีที่แล้ว +8

      I believe lack of money causes unhappy more than the opposite. Once you make enough to get everything you need, additional money has a diminishing return. Someone who earns 300k is not necessarily happier than someone with 400k. Well off people do have problems that can't be solved with money. They can still get depression.

    • @D_LEGEND
      @D_LEGEND 2 ปีที่แล้ว +1

      Money will never buy u happiness, but it will give u a free addiction that gives u an illusion that u r happy until u run out.

    • @Hans-gb4mv
      @Hans-gb4mv 2 ปีที่แล้ว +1

      Money doesn't buy happiness. Even the rich want always more and more. Which is why they never give it away to good causes, which is why they want to avoid paying taxes. Having money just means that you worry about other things, that you have other problems.

    • @madamcurry9297
      @madamcurry9297 2 ปีที่แล้ว +3

      Money can buy plane tickets so you can travel and enjoy- if you have extra left month after month.

  • @ColinAdventures
    @ColinAdventures 2 ปีที่แล้ว +241

    My experience: put together a budget, realize that my income doesn’t cover basic cost of living, increase hours of work and do nothing except work/sleep, level up skills/change jobs to increase increase income, things start to look good for a few months, emergency happens that leads to savings getting wiped out and massive debt, repeat… I gave up on renting a few years ago and moved into my car which helped tremendously, swapped the car out for a school bus and looking to upgrade again soon to something more reliable. If you do the math, someone making the median individual income in most of the U.S. isn’t going to be able afford the basics in life, especially housing. It’s completely ridiculous to say that Americans are in debt because they have a spending problem or just don’t know how to manage money properly. Most people I’ve met are very aware of the state of their finances actively choose to ignore it and go further in to debt because they don’t see a strategy that makes any sense without resorting to something extreme like living in your car.

    • @burymebelowawillowtree9243
      @burymebelowawillowtree9243 2 ปีที่แล้ว +42

      Your comment just cement the idea that soon a good number of people are just going to live in a vehicle. And that it’s just going to be the new normal.

    • @sherrylander2643
      @sherrylander2643 2 ปีที่แล้ว +8

      Save what you can afford, or something you really can live without.

    • @TheBooban
      @TheBooban 2 ปีที่แล้ว +9

      I think what you said is true. It’s also true Americans are so bad at money that they can’t budget for a month so have to be paid bi weekly.

    • @yokuzo11
      @yokuzo11 2 ปีที่แล้ว

      And that's why I live as a free roaming cowboy; I wish more people would join me and other people who have chosen the free roaming cowboy lifestyle; My brain can't even understand the concept of choosing to burn money on rent

    • @jeorc
      @jeorc 2 ปีที่แล้ว

      @@yokuzo11 what does that free-roaming cowboy lifestyle entail?

  • @JohnDoe-mx3rr
    @JohnDoe-mx3rr 2 ปีที่แล้ว +54

    I think the internet itself cause this and give people perception that they should have a certain lifestyle.

    • @davidwalker2144
      @davidwalker2144 2 ปีที่แล้ว +1

      Dollar Money is a silent dictator test, " in God we trust "
      The cure is reading the word of God that reminds you of a lifestyle you Never buy, food, get stressed, dirty, tired ,sick never will you pay rent, Health care, Geico car insurance paradise believe me?👇😂

    • @COURTNEYVCK
      @COURTNEYVCK 2 ปีที่แล้ว +1

      True

    • @M123Xoxo
      @M123Xoxo 2 ปีที่แล้ว

      If by lifestyle you mean not homeless or renting until death. Apparently the Boomers think that's too much for the younger generations to expect despite owning homes themselves since they were in their mid 20s.

    • @HH-le1vi
      @HH-le1vi 2 ปีที่แล้ว

      Yes and no. People have always liked to flex. Difference now is that it's way more in your face than before

  • @kenlewis2253
    @kenlewis2253 2 ปีที่แล้ว +67

    Travel plans, gift buying… this is what she says stresses Americans out. The stress of demanding to live beyond one’s means. How ironic.
    Interesting how starving people don’t have the same level of stress. It is harder psychologically to be a greedy American than a poor person from an undeveloped country.

    • @D_LEGEND
      @D_LEGEND 2 ปีที่แล้ว +11

      Absolutely spot on.....this is just arrogance. 30k of debt due to stress shopping.....who the heck gave her that many credit cards.
      It's a continuous feedback between greedy corporations and greedy people.
      The truly poor, and those that actually balance their budget suffer the most from these idiots

    • @kaylamoore2974
      @kaylamoore2974 2 ปีที่แล้ว +5

      @@D_LEGEND also she claims to be a financial professional - the one who got 30k in debt from impulse shopping due to "stress". thats insanity to me.

    • @navysteel
      @navysteel 2 ปีที่แล้ว +2

      Christmas drains our bank accounts and causes us to gain weight.

    • @JoaoSilva22222
      @JoaoSilva22222 2 ปีที่แล้ว

      @@navysteel true, i stopped with the christmas shoppings, my januaries are much better now.

  • @Robertgriffinne
    @Robertgriffinne ปีที่แล้ว +159

    Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

    • @wiebeplatt4749
      @wiebeplatt4749 ปีที่แล้ว +4

      That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Investment planner if you need an aggressive return.

    • @marianparker7502
      @marianparker7502 ปีที่แล้ว +1

      To anyone whose paying attention, its obvious , the entire world is coming off the rails. Soon we will be evicted and become street eligible. what moves can we make to generate more income during quantitative tightening

    • @PhilipMurray251
      @PhilipMurray251 ปีที่แล้ว +4

      You are definitely going to want someone who has experience managing a portfolio in bear and bull markets. I invest in all of the major markets, but not alone. I mirror the trades of "CORINNE CECILIA HEANEY" who you may have seen on the news performing stock analysis. I can confidently claim she's worth her salt as a financial consultant since her diversification abilities are top-notch.

    • @Robertgriffinne
      @Robertgriffinne ปีที่แล้ว +1

      @@PhilipMurray251 .How do i get in touch with this financial consultant whom you mentioned?

    • @PhilipMurray251
      @PhilipMurray251 ปีที่แล้ว +2

      @@Robertgriffinne You can look her name up on the internet. She's renowned and has quite a following. So it shouldn't be a hassle finding her official webpage

  • @monikaszafranek5611
    @monikaszafranek5611 2 ปีที่แล้ว +332

    I love how this video literally points out the problem and says this increase is because a lot of stuff that government used to pay for is now put on the individual like education and retirement plans and THEN says that the way to solve this problem is for the individual to take care of their finances more responsibly 😂 This is an insane conclusion! Not only did the government in America used to pay for these things, most governments in wealthy countries still do!

    • @kryptokingg
      @kryptokingg 2 ปีที่แล้ว +6

      Isnt that their job

    • @Hakeem94
      @Hakeem94 2 ปีที่แล้ว +33

      Corporations pay billions every year in marketing to push the narrative that individual choices are 100% to blame for one’s financial situation. To even fathom that government or corporations share in the majority of that blame and should be held accountable is usually met with disdain.

    • @eitkoml
      @eitkoml 2 ปีที่แล้ว +27

      CNBC is a platform owned by the rich and spreading messages for the rich.

    • @shakenbacon-vm4eu
      @shakenbacon-vm4eu 2 ปีที่แล้ว +5

      Exactly. What do you expect from CNBC. The vid started off so good too!! But then they punted to personally responsibly like WTF CNBC you think those in power are in any way responsible???

    • @guidope288
      @guidope288 2 ปีที่แล้ว +5

      Exactly. I uphold one simple rule for spending my money; if I can’t afford it twice, I can’t afford it. Except for my mortgage, I have never been a penny in dept.

  • @LiverbestGibs
    @LiverbestGibs 2 ปีที่แล้ว +295

    In 20 years, house prices are 4 times more expensive. Wages have only increased around 10 to 50 percent for similar work, in the same timeframe.

    • @undiscloseduser2004
      @undiscloseduser2004 2 ปีที่แล้ว +24

      I wonder if there is a way to mandate wages to match housing costs or cost of living so there is no way for these companies to continue paying wages which match the living wage 15-20+ years ago.

    • @leuris_khan2
      @leuris_khan2 2 ปีที่แล้ว +8

      The Mother of All Bubbles

    • @killermogle
      @killermogle 2 ปีที่แล้ว +4

      @@undiscloseduser2004 Sure, if you want everyone to go out of business.

    • @cable30
      @cable30 2 ปีที่แล้ว +1

      It no shock getting a home is a whole lot more now then years ago because of what happens now days to where u cant just buy a place unless u give up alot to get shelter anytime. so much gotta be done but wont cause no law to stop or block it any from what i read or hear any. Wages go up then stuff we buy goes up cause everything just cost more to pay places to serve it or to buy it for any reason. Get rid of all the frickin greed then maybe things might go easier but i doubt greed will ever go away .

    • @aketchupman5103
      @aketchupman5103 2 ปีที่แล้ว +18

      @@killermogle businesses are currently making all time record profit, if a business can’t pay higher wages in this market they never could at all. Plus like Ford taught us, higher wages boosts spending and thus corporate profits enabling higher still wages again.

  • @Doublepulse
    @Doublepulse ปีที่แล้ว +7

    The stress from money is a vicious cycle because that stress and anxiety causes more money decisions that don't benefit you. Buy stuff we don't need is our way of coping to the stress but adds more problems later.

  • @coolestvideo100
    @coolestvideo100 ปีที่แล้ว +6

    I’m 20 and looking at my college bill while being an instate student is depressing. Because in America you start accumulating debt as soon as you become an adult and turn 18.

  • @n9athan
    @n9athan 2 ปีที่แล้ว +170

    Ironically, if more Americans become financially literate and responsible there will be massive negative consequences on the overall economy. The American economy relies on consumerism, irrational spending, and debt.

    • @kevinstfort
      @kevinstfort 2 ปีที่แล้ว +4

      Agreed. But even if that didn’t change, people could still have a better life in the US if policies changed.

    • @Racko.
      @Racko. 2 ปีที่แล้ว +7

      I agree, I feel like most in the US who are always complaining about money and things like that need to one day realize that it's not always the "system exploiting" it's more of a self inflicted issue, take a look in the mirror and spend your money wisely and prioritize your necessities before buying a bunch of useless stuff when you do have the money at hand

    • @joannabusinessaccount7293
      @joannabusinessaccount7293 2 ปีที่แล้ว +6

      What an insightful comment. The success of capitalism depends on people having to work for survival, for wanting more all the time, for being in debt thus having to work for life to pay off the debt. Don’t think we have modern day servitude or indentured slave workers? It’s called: a mortgage, a student loan, and the need to pay for healthcare.

    • @debbieframpton3857
      @debbieframpton3857 2 ปีที่แล้ว +3

      They're not going to get it from me I don't carry any credit card debt and I don't buy anything unless I can afford it

    • @georgie9224
      @georgie9224 2 ปีที่แล้ว +5

      This is short sighted. Yes there should be tough transition however the economy would be on much more solid ground and much more innovative if people were more financially literate, saved more, invested more, and borrowed only for investment not for consumption. This would translate into massive investment in innovation, superior legislation as the legislators and electorate would be more financially intelligent. Imagine that!

  • @johns6176
    @johns6176 2 ปีที่แล้ว +19

    It’s the main reason why I’ve kept from have kids, you’ve got to have things setup right to enjoy life, not going to allow my kids to be someone’s employee if I can help it. I imagine they’ll roll back abortion laws and increase incentives for people to have more children in the future.

    • @PraveenSriram
      @PraveenSriram 2 ปีที่แล้ว +2

      That is just sad 😔. Why bring children into a world that is going down in the dumps?

    • @navysteel
      @navysteel 2 ปีที่แล้ว +1

      Kids consume a lot a time, money, and energy. Return on investment is unknown because the kids could be born sick and might not get a decent job until theirs 20s or 30s.

    • @anastaauguste795
      @anastaauguste795 2 ปีที่แล้ว

      Not everyone able to pay for their bills specially in American cultural. In New York State Everything it's high expensive. We can live only by Blood of Jesus Christ. Even professional or not the jobs do not paid workers enought wages.

  • @josueravena3464
    @josueravena3464 2 ปีที่แล้ว +29

    For me I'm doing fine, and seeing my dad who works his ass off throughout his life makes me determine not to go the same route, so im willing to learn anything to be financially stable and accumulate wealth in a long run so I can be financially free. It will take some time but doable.

    • @johnbarton562
      @johnbarton562 2 ปีที่แล้ว +4

      I wish you luck - - I hope you don't get cancer that takes much of your money, or a drunk driver does not hit you and leave you in a wheelchair. Work hard but know that much of it is luck too.

    • @justinlavine9209
      @justinlavine9209 ปีที่แล้ว

      Thank you MSNBC! Somebody finally asked the hard hitting questions that our Federal Reserve Chiefs, SEC Commissioners, Wallstreet Brokers, Federally Insured Credit and Lending Institutions, and government think tanks like the MIT Sloan Business School have been exhaustively researching since the first post 9/11 Recession of 2008.
      With exclusive interviews from many of today's top financial analysts, this groundbreaking coverage of America's fastest growing domestic markets examines the impact of one of the largest National debts in U.S. history as well as the soaring cost of inflation on businesses and the general public alike.
      Educate yourself by spending your money as wisely as your time by watching a collage of independent thinkers give Twitter(TM) sized answers to problems as diverse as:
      Why we ain't got no damn money no more?
      Why this mf sh*t so expensive?
      How tf a mf stay employed today and tomorrow?
      What tf you mean I have to pay back this school loan?
      And, can I afford this God damn medical bill and f***in' mortgage at the same time?
      Up next on MSNBC!

    • @forrestaustin7050
      @forrestaustin7050 ปีที่แล้ว

      Exactly. If you live in America it's doable. Problem is ppl don't want to put in the effort and want everything handed out

    • @forrestaustin7050
      @forrestaustin7050 ปีที่แล้ว

      @@johnbarton562 eat healthy excersize get nature time and regular checkups is better then hoping .

  • @lorihamlin3604
    @lorihamlin3604 ปีที่แล้ว +26

    For the first time in my life I’m not stressed about money. I’m 70 and have only in the last two years become debt free and have enough in savings to sustain me minimally for 10-15 years. The stress of money woes has probably taken a few years off of my life so I’ll probably have enough to last. Dreams of world travel after retirement are up in smoke but you what…I don’t care. I’m at peace and healthy.

  • @stachowi
    @stachowi 2 ปีที่แล้ว +356

    We're stressed about bankers and politicians fleecing our savings/investments with inflation (with debt)... and there is nothing we can do about it.

    • @christiandauz3742
      @christiandauz3742 2 ปีที่แล้ว +28

      Well we could reenact the French and Russian Revolutions

    • @CandyLaStar
      @CandyLaStar 2 ปีที่แล้ว +6

      🤔 have you tried yoga or a long walk in the park? 👍

    • @christiandauz3742
      @christiandauz3742 2 ปีที่แล้ว

      @@CandyLaStar
      People like you are why Slavery lasted so long

    • @StopMediaFakery
      @StopMediaFakery 2 ปีที่แล้ว

      If everyone said no to the system, it would collapse. It functions thanks to media manipulation of the sheep.

    • @MyOldNameWasTaken
      @MyOldNameWasTaken 2 ปีที่แล้ว +6

      There is something you can do about it.
      Buy gold and silver, or if you are able to, buy land.
      You could also look into non-meme crypto as an actual alternative to cash. Don't view it as an investment like crypto. Instead use it like yoy would use normal money.
      Bitcoin is horrible for this because of transaction fees but Monero is pretty good.
      Just don't fall for scams and do your own research

  • @alexl0890
    @alexl0890 2 ปีที่แล้ว +31

    A burger at a restaurant now costs 18$ on average. Plus tip and tax it's like 26$. Yet hourly wages are like 7.25 to 12$.

    • @CandyLaStar
      @CandyLaStar 2 ปีที่แล้ว +6

      Hah! I haven’t gone to a restaurant in like 8 years 🤷‍♂️ who can afford that I make 14.5 an hour with my bachelors degree..

    • @mra.prasetio
      @mra.prasetio 2 ปีที่แล้ว

      That's insane, how did you all survive, economically?

    • @alexl0890
      @alexl0890 2 ปีที่แล้ว +6

      @@CandyLaStar exactly. I just cook at home. Burgers aren't that hard to make.

    • @davidwalker2144
      @davidwalker2144 2 ปีที่แล้ว

      Money is a silent dictator test, " in God we trust "The cure is reading the word of God that reminds you of a lifestyle you Never pay for; food, rent, Health care, Geico car insurance get stressed, sick, dirty, tired it's called paradise devils were there jelous of you attaining that lifestyle believe me?🙏😫

    • @M123Xoxo
      @M123Xoxo 2 ปีที่แล้ว

      @@mra.prasetio We have burgers at home

  • @chodkowski01
    @chodkowski01 ปีที่แล้ว +6

    I traveled the world in the military and saw how people live with nothing in other countries and how spoiled and rich we live here.

  • @morenahlatshwaya8067
    @morenahlatshwaya8067 ปีที่แล้ว +110

    Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life

    • @cedricjiosh6935
      @cedricjiosh6935 ปีที่แล้ว +3

      For me Forex trading is really profitable, investing in it now will be the wisest thing to do especially with the current rise in bit coin

    • @adasohas4557
      @adasohas4557 ปีที่แล้ว +3

      you're right Forex trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.

    • @user-cd6ny9yp9y
      @user-cd6ny9yp9y ปีที่แล้ว +1

      Yeah for sure, honestly I made 62,800 dollars within 6days of trading with Bit coin.

    • @user-cd6ny9yp9y
      @user-cd6ny9yp9y ปีที่แล้ว +1

      It's really profitable for me and I encourage newbies who are interested in the investment should do now

    • @user-cd6ny9yp9y
      @user-cd6ny9yp9y ปีที่แล้ว +1

      @Charity Silas I don't really trade, I recommend mrs Catalina Vladimir, she trade for me.

  • @WithYourMamaInBed
    @WithYourMamaInBed 2 ปีที่แล้ว +61

    Luckily for me I work 12 hours a day in a good paying industry, I literally don’t have time to spend it so I just save save save

    • @jayfinne626
      @jayfinne626 2 ปีที่แล้ว +8

      If the thing you are saving is USD that is not savings.

    • @andremessam3770
      @andremessam3770 2 ปีที่แล้ว +36

      That's no way to live.

    • @WithYourMamaInBed
      @WithYourMamaInBed 2 ปีที่แล้ว +24

      @@andremessam3770 it’s not, but I’m building my future by sacrificing now

    • @Lousasshol
      @Lousasshol 2 ปีที่แล้ว +7

      I bought a motorhome and essentially retired in it , snowbird from desert mountains to beach during the year I’m 37 in central California currently...live life the way you want to live it and do not let others make ur mind up

    • @javierduran1390
      @javierduran1390 2 ปีที่แล้ว +39

      I personally never understood the American idea of sacrificing today to enjoy tomorrow. I have seen people work their whole lives even near retirement age. And when they decide to retire, they don't really enjoy their savings. Tomorrow is never guaranteed. I personally live in the moment. I don't try to purchase anything out of my reach and of course I save for emergencies but I rather have a balance of work and personal time.
      "The business man said to the fisherman: "Why are you napping under a tree?"
      - "Because I've caught enough fish for the day." Why don't you catch more?
      "Why would I do that?"
      -So you can buy more nets, a bigger boat, go out into deeper waters, then buy a whole fleet of boats and be rich like me.
      -"Then what?"
      -Well, then you can enjoy life.
      -The fisherman: "What do you think I'm doing now?"

  • @verswmarz2754
    @verswmarz2754 2 ปีที่แล้ว +12

    Thanks brandon.

  • @josephlong8549
    @josephlong8549 2 ปีที่แล้ว +4

    I'm not stressed about money at all. I got outta Dodge and live overseas in a country that's much less expensive than the US. I recommend it.

  • @mikeflair6800
    @mikeflair6800 2 ปีที่แล้ว +16

    The most important thing we can do is to start teaching 'early finance concepts' in 7th grade. Topics should include: 1) time value of money (power of savings and compound interest). 2) budgeting of spending and 3) wise use of debt. These courses can be developed and easily understood , and be part of 'social studies'. I have suggested this like a THOUSAND TIMES, but no one pays any attention my idea.

    • @biner01
      @biner01 2 ปีที่แล้ว +6

      Na, this isn't a personal choice. Our economy has been in severe decline for the last 30 years.. it's the younger generations that are getting hit so hard they can't even sleep.

    • @josedeleon6669
      @josedeleon6669 2 ปีที่แล้ว

      @biner. That doesn't Invalidate the suggestion that we provide financial education. Let's not dismiss because it doesn't allow as much ignorance as an excuse.

    • @biner01
      @biner01 2 ปีที่แล้ว +1

      @@josedeleon6669 I do like it taken from that perspective. I took it from the "your circumstance is your personal choice" perspective which is a complete and total fallacy. Studies have shown (with modeling) pretty definitively luck is the predominate factor in success regardless of other factors (like intelligence).

    • @josedeleon6669
      @josedeleon6669 2 ปีที่แล้ว

      @biner... there are more factors out of our control than within. However, that doesn't dismiss personal responsibility. Take vacations for example. Taking vacation is a need. Psychological need to wind down. However, that vacation doesn't have to cost thousands because someone wants to travel. That is the personal choice part.

    • @biner01
      @biner01 2 ปีที่แล้ว

      ​@@josedeleon6669 You're saying these people spend too much because they're too stupid? I'm not sure that's ever the case. For example, people love to go to Vegas even though the know its a poor financial choice. I'm not sure education has much, if anything, to do with this. I mean... come on. I learned those very topics in 9th grade.. Doesn't take a genius to figure these things out. I will say we should teach more about student loans and the true return on investment in terms of higher education in general.

  • @mugglescakesniffer3943
    @mugglescakesniffer3943 2 ปีที่แล้ว +28

    Well one salary used to cover a car and a home in the fifties. Now buying just a car is beyond us. The Economy sucks and has not kept the worker up with inflation.

    • @mathisnotforthefaintofheart
      @mathisnotforthefaintofheart 2 ปีที่แล้ว +4

      You are right in a way BUT you don't think that instant gratification and the urge for more luxury is part of the problem too? I mean, in the fifties, life was much simpler in terms of what was available to the common family. Take for example a look at toys for kids in the fifties vs today....

    • @scifirealism5943
      @scifirealism5943 2 ปีที่แล้ว +3

      With inflation the minimum wage should be $45.

    • @neilmuir3503
      @neilmuir3503 2 ปีที่แล้ว

      @@mathisnotforthefaintofheart no, you had objectively more purchesing power back then.

    • @mathisnotforthefaintofheart
      @mathisnotforthefaintofheart 2 ปีที่แล้ว

      @@neilmuir3503 That could be true. But maybe we ought to strive for less expensive SUV's, stop buying new cars on credit and learn to live within our means. There is no doubt to me that consumerism is out of control (until recent thanks to Corona)

    • @SpiderCraftNation
      @SpiderCraftNation 2 ปีที่แล้ว

      Get a used car like i did

  • @CrypticDanny
    @CrypticDanny ปีที่แล้ว +6

    Wow. I felt singled out to be honest. All of this stuff is very relatable. I’m impressed.

  • @nolagyrl4793
    @nolagyrl4793 2 ปีที่แล้ว +34

    "The comfort of the rich depends
    upon an abundant supply of the
    poor."
    ~Voltaire~

    • @theroldan8675
      @theroldan8675 2 ปีที่แล้ว

      the poor deserves to be poor... lol

  • @littleearthquakes3183
    @littleearthquakes3183 ปีที่แล้ว +9

    This video reminds me to be grateful for where I am. Inflation hasn't affected me that much since I am now debt free and own my home, but many years ago I was paycheck to paycheck with no emergency fund. I couldn't afford internet and I never ate at restaurants or went out. I worked overtime as much as I could and took in roomates to help pay the mortgage. It was incredibly stressful and it taught me that I would rather deal with the horrible stress of more responsibility at work than the stress of no money. It propelled me into applying for a promotion and helped me make more money. Money will absolutely make you happier if it takes you out of that stress.

    • @nicholasmorello6370
      @nicholasmorello6370 ปีที่แล้ว

      Your not stressed about loosing all your home equity? I would be.

    • @littleearthquakes3183
      @littleearthquakes3183 ปีที่แล้ว +1

      I have no plans on moving anytime soon. I also have an emergency fund and I know how to live cheaply. This economic downturn will pass. Having everything paid off eliminates risk and gives flexibility.

    • @goaheadtagmeIknowyoumadbitch
      @goaheadtagmeIknowyoumadbitch ปีที่แล้ว +1

      thing is....I can't tell if this is another bot comment or not, are you a damn bot 🥴

    • @littleearthquakes3183
      @littleearthquakes3183 ปีที่แล้ว

      @@goaheadtagmeIknowyoumadbitch not a bot

    • @angelachanelhuang1651
      @angelachanelhuang1651 ปีที่แล้ว

      helping your own family pay the bills. that's good family

  • @kikidee9623
    @kikidee9623 2 ปีที่แล้ว +124

    The American financial crisis is not an individual spending problem. No amount of smart saving or responsibility will fix billionaire tax loopholes or bought and paid for legislators.

    • @yokuzo11
      @yokuzo11 2 ปีที่แล้ว +2

      Real talk; I came up with with a very bold plan during plan during the pandemic to increase my money and the end result was ok but not everything I expected; I'll give you a summary:
      -My old state, Arkansas, has a very bad economy
      -I saved and used pandemic unemployment money to move to a new state to get better income
      -Moved to Phoenix, Arizona and immediately started making triple the amount of rent of a nice apartment in Little Rock, Arkansas
      -Unfortunately discovered my new "high" income only barely covers rent here in Phoenix
      So like you said, the economy isn't gonna be fixed simply by us common people coming up with new money management ideas and saving money

    • @hippocleides7105
      @hippocleides7105 2 ปีที่แล้ว +1

      @@yokuzo11 The answer, though politicians don't have the balls to implement it, is to severely restrict foreign home ownership, and place excise taxes on any entity that owns more than like, 10 homes. Corporate landlords are the surest way to create a revolution in the United States that has ever existed.
      If people aren't allowed to purchase property themselves, they will think that nothing to lose with a radical leadership change.

    • @shakenbacon-vm4eu
      @shakenbacon-vm4eu 2 ปีที่แล้ว

      Actually, it’s quite easy. Cut out frivolous spending like Netflix, daily Starbucks, and your gym membership and poof! Magically millions of dollars appears in your bank account.

    • @kevinstfort
      @kevinstfort 2 ปีที่แล้ว +1

      @@hippocleides7105 problem is 1) they may not even do that and 2) this should have been done prior to. We need to stop being reactive and become proactive.

    • @yokuzo11
      @yokuzo11 2 ปีที่แล้ว

      @@hippocleides7105 Well yea, that should be common activity to limit home ownership and put extra taxes on people and companies who own so many homes; But the United States politicians are gonna say that if they do that, then the United States is moving towards the direction of communism or socialism; This is why the world should ban the concepts of capitalism, communism, and socialism because all three words are just a form of brainwashing used to make it seem like nothing can be done to improve an economy

  • @quintonmillett5149
    @quintonmillett5149 2 ปีที่แล้ว +11

    The cost of living has been going up faster than wages since 1998, that's why people are meaner now than they were in the 1990's people are turning to alcohol and drugs to help cope with financial stress I've noticed this the past 20 years, people are not as generous like they were. And drugs are more potent now than decades ago which is making people who do them crazier, domestic violence is on the increase.

    • @nunyabusiness3786
      @nunyabusiness3786 ปีที่แล้ว

      Being generous is an expensive sacrifice no one can afford to make anymore. Its not your money to be generous with. It belongs to your wife and your children need it. Without it you could not have a home.

  • @thimmukar8565
    @thimmukar8565 2 ปีที่แล้ว +12

    Irresponsible govt. spending needs to stop. Healthcare and Educational institutions should stop fleecing.

  • @jermainemyrn19
    @jermainemyrn19 2 ปีที่แล้ว +32

    Price of everything goes up
    Rich people: we have no idea why people are stressed about money.

    • @LadyCoyKoi
      @LadyCoyKoi 2 ปีที่แล้ว

      Very well stated. Thank you.

  • @RoseyJohn1
    @RoseyJohn1 2 ปีที่แล้ว +85

    Oh if I just “change my mindset about money” I’ll feel better about my grocery and utility bills outpacing wage growth…. Thanks CNBC.
    Mental health recovery tips all cost money my dudes…..

    • @jermainemyrn19
      @jermainemyrn19 2 ปีที่แล้ว +7

      I know right. These rich people are insane

    • @hoangle2483
      @hoangle2483 2 ปีที่แล้ว +7

      So cost of everything goes up, yet wages remain stagnant which stress people out, and their response is DONT think about it ? What ?

    • @jonkaffai6007
      @jonkaffai6007 2 ปีที่แล้ว +4

      Or heavy drugs will help lol

    • @LadyCoyKoi
      @LadyCoyKoi 2 ปีที่แล้ว +2

      @@jonkaffai6007 As I tell my students... Don't do drugs, it's too expensive!

  • @jonsmith7659
    @jonsmith7659 2 ปีที่แล้ว +3

    So glad there are regular life coaches and money life coaches. I’m getting tired of not knowing which conman to give my money to. I need a coach for everything, apparently. And yo get more money, first I need a couple coaches to give it to.

  • @janiekcarney5482
    @janiekcarney5482 ปีที่แล้ว +3

    Americans spend every dollar. Never put a little money aside for an emergency. That’s why they are stressed.

  • @nickyliu8762
    @nickyliu8762 2 ปีที่แล้ว +218

    Back in the days banks would never give out loans to people, that can't use money. Nowadays they prey on them, turn them into debt slaves. Policies to curb excessive consumerism could lower severity of debt, but alas, a governmental approach to protect the poor man and force the rich man make slightly less profit off the poor would never fly in the U.S.. Instead, the blame is once again put on "the individual".

    • @voiceinmyhead1731
      @voiceinmyhead1731 2 ปีที่แล้ว +2

      And South Africa my beloved country is picking up on these awful capitalist tendencies

    • @TheHouseofSniffers
      @TheHouseofSniffers 2 ปีที่แล้ว +3

      RESPONSIBILITY.

    • @coolmodelguy6304
      @coolmodelguy6304 2 ปีที่แล้ว +3

      The truth of the matter is:
      Wealth grows faster than the economy does, and as you all know wealth does not grow by itself. Wealth feeds off the economy, kinda like a parasite because wealth is the ultimate freeloader. Take for example, the playground bully. More than twice the size of the other kids and using that advantage to shake down the smaller kids. That would be a good representation of wealth and our economy in 1947. Since then wealth has grown 6% per year averaged, while the economy has grown 5% per year averaged. Since the economy started with a smaller body and grows at a slower rate, you won't be surprised that wealth is now very nearly five times larger than the economy.
      This is simple math folks. We have been conned into thinking that finance and investment is how money grows. The truth is that the government and banks creates new money using debt, which is then promptly stolen by wealth. And when the new money is not enough, wealth shakes us down some more and calls it "inflation".

    • @Ayo22210
      @Ayo22210 2 ปีที่แล้ว

      Interest rates are at record lows. They are negative in real terms compared to inflation

    • @bengrant8890
      @bengrant8890 2 ปีที่แล้ว

      Well put.

  • @MsGenXodus
    @MsGenXodus 2 ปีที่แล้ว +10

    I was an essential worker, and I’ve now retired last year due to stress related health problems. I’m 52, and lucky that my spouse has a decent job, because otherwise I’d likely be sleeping in my car.
    Never allow an employer to work you into the dirt. Within 5 mins of my doctor’s note that my condition was likely permanent, I was locked out of the employee portal.
    Employees are Tossed aside like so much trash. I can’t even sue due to arbitration agreements.

    • @hobbygamer6220
      @hobbygamer6220 2 ปีที่แล้ว

      mobile is the way to live

    • @theshield2004
      @theshield2004 ปีที่แล้ว

      Corporate America essentially means the employee is just a number, and is easily replaceable. Glad to hear you have someone to rely on.

  • @joebloggs830
    @joebloggs830 2 ปีที่แล้ว +42

    Ever since I was in my 20's, I knew the Corporate career was not for me, so I did my sums, and realised that $1 put into retirement savings is ~$8 when retiring (based on average growth), so I started putting my own (after tax) money in, and now have as much as my Mother had (pre-retirement) and sister (who works fulltime). They objected to why I, with my chequered employment history and spending a bit on hobbies, have as much as they do:
    1) Choose a Growth investment option early, and taper it back to balanced as you near retirement
    2) Do you need insurances that usually come along with retirement savings accounts (such a Permanent Disability or Death etc, - do you have a beneficiary, or if you don't, why have Death insurance?
    3) Put your own money in, after being paid and paying tax on it, it is likely that you can withdraw it later with little or no tax, because you paid some or all of the tax on it during the deposit.

    • @angelachanelhuang1651
      @angelachanelhuang1651 ปีที่แล้ว

      ask family for help

    • @joebloggs830
      @joebloggs830 ปีที่แล้ว

      @@angelachanelhuang1651
      Women would always turn to family as their first port of call, especially men that are in their family unit, but I don't because I'm a guy and I can work it out, which I have

  • @hectoralejandro9883
    @hectoralejandro9883 2 ปีที่แล้ว +10

    “I’m so stressed about money” *spends $27 on doordash*

  • @chrisbruggers8076
    @chrisbruggers8076 2 ปีที่แล้ว +9

    Money causes stress because most people live beyond their means. Happiness is when you learn to live within your means.

  • @ErikAndersonNorthStar
    @ErikAndersonNorthStar 2 ปีที่แล้ว +56

    1. Insufficient Savings
    2. Unable to afford everyday expenses
    3. Being in Debt
    1 and 3 are a direct cause of 2, and 1 and 3 are a direct result of behavioral patterns stimulated by government economic policy. When you continuously print money, you reduce the value of savings, therefore people do no want to save because their money is worth less over time that it's not working for them. When you keep interest rates artificially lower than the market rate discovery, as has been the case since at least 2009, you incentivize people to spend those savings instead of building them because the interest rate is not keeping up with or beating the inflation rate, which drives problems 1 and 2. When this economic situation is happening, it encourages people to try to invest their money to simply keep up, which results in further economic hardship when the government policies that are causing these issues cause a market bubble which bursts. All of this is the direct result of the government interfering in the markets, which results in a boom-bust cycle roughly every decade. With the current bubble, 2009 was never resolved and merely papered over by more money printing in the bailouts, meaning the next crash, which looks to be coming soon, will be far worse than before. End the Fed. Arrest the bankers.

    • @porcorosso4330
      @porcorosso4330 2 ปีที่แล้ว +2

      It is more complicated then that.
      That said, the interest rates have the least impact when compared to many other factors.
      The fed is really not the problem.
      The main driver is really wage stagnation which comes with globalization of the work force.
      Workers in the US are actually in direct competition with the work force all over the world with varying living standards and workers protection.
      In order to stay competitive both workers and also companies really need to minimize cost in every way.
      This includes the wages of the workers which I consider the single most the significant factor on why Americans are strap with cash.

    • @ErikAndersonNorthStar
      @ErikAndersonNorthStar 2 ปีที่แล้ว

      @@porcorosso4330 Wage stagnation would be far less of an issue if the Fed were not driving inflation through money creation though. The federal government also plays a major role in this, since it was the move to entirely fiat currency that has been the prime factor in why inflation has exploded since 1971. If your money becomes worth less each year, wage stagnation becomes a problem because you're essentially taking a pay cut each year you don't get a raise, or get a raise that doesn't beat the true inflation rate (not the cooked official rate the government publishes). With a hard-backed currency or a currency that has a finite supply, there are deflationary forces acting on the money through scarcity, meaning that money will increase in value the longer it's held. In such a situation, wages don't constantly need to increase, since the money itself already increases in value. There will be fluctuations, of course, due to fluctuations in the value of whatever the currency is pegged to, but this is far preferable, and much more recession resistant than a currency whose sole value comes from trust in the credit of the issuing institution, as is the case with the current USD.

    • @porcorosso4330
      @porcorosso4330 2 ปีที่แล้ว +2

      @@ErikAndersonNorthStar
      You need to retake you macro economics class.
      Slight inflation is nessesary to avoid deflation.
      The reason being there are many many tools to fight inflation, but there are close to no tools to fight deflation.
      Deflation is considered uncontrollable in economics. That is why we avoid it as much as we can.
      That is the reason for the small inflation the feds aim for.
      Staying on hard currency is also not sustainable.
      The size of our economy will be limited by the global precious metal supply.
      This means the speed of our growth is determined by how fast we/the world can mine.
      This also means we stop growing when all the minds run dry.
      If our mines run dry and we rely on foreign mines then the growth of our economy completely dependent on foreign supply.
      This is simply not going to work and amlot more dangerous for our economy.

    • @skyak4493
      @skyak4493 2 ปีที่แล้ว +1

      @@ErikAndersonNorthStar Wage stagnation is primarily due to globalization for the past 4 decades, and lowered domestic productivity.
      Relative to global man-hour output (for the products you buy), US wages are incredibly high!
      Corporate management wages are even worse!

    • @debbieframpton3857
      @debbieframpton3857 ปีที่แล้ว

      I'm glad I don't have to worry about 1, 2 or 3

  • @Emperor-Wild-Man
    @Emperor-Wild-Man ปีที่แล้ว +1

    I am never stressed "about" money. It is the "lack of" money that I am stressed.

  • @rongendron8705
    @rongendron8705 9 หลายเดือนก่อน +1

    I'm 77 & have seen the changes that have taken place in the American economy, since the 1960's!
    The reason the working class did not feel economically hopeless then, was because they had to
    "live within their means", i.e. no easy access to credit! Many also had jobs also paid 'livable
    pension plans' at retirement; provided health insurance; paid vacations.etc. This way, average
    workers did not have to worry as much about saving for these items or to be concerned that a
    sudden illness could wipe out their life's savings! When 'big business' encouraged the initiation
    of 401k's; 403b's; IRA's, etc. to replace 'defined pension plans', it spelled the "beginning of the end"
    to Americans not feeling 'stressed' about money!

  • @maximusdecimusmeridius5438
    @maximusdecimusmeridius5438 2 ปีที่แล้ว +18

    The average home is 400k and the average income is 50k, that's a 8x meanwhile in the 70s it was only 2x. Not to mention the increasing energy prices.

    • @donaldlyons17
      @donaldlyons17 2 ปีที่แล้ว +3

      Omg really so housing was getting way more expensive realitive to incomes!!!

    • @scifirealism5943
      @scifirealism5943 2 ปีที่แล้ว

      Wow.

    • @user-gz4ve8mw9l
      @user-gz4ve8mw9l 2 ปีที่แล้ว +5

      Few people make 50k a year...I don't know where you live. Here in reality in the USA on earth the majority of people make between $15-30k/year. That's after taxes and no $15/hr doesn't even equal $30k.

    • @donaldlyons17
      @donaldlyons17 2 ปีที่แล้ว

      @@user-gz4ve8mw9l I think he intended for pre tax. I don’t know many who state they make x amount after tax. But I think your right. I have had many tell me their kid ended up with 1 million in a retirement account but almost no one tell me they have 1 million cash!!!!

    • @user-gz4ve8mw9l
      @user-gz4ve8mw9l 2 ปีที่แล้ว +1

      @Davit M Nope PA almost everyone around here makes $5-30k/year after taxes. Yet the required cost of living is closer to $59-65k/year.
      The median wage equates to $15-30k/year after taxes nationwide. Which is to low to live off of nearly everywhere obviously. Yes people do make more but they are more of the exception. In California it's no wonder $70k doesn't go as far as it would in other states. Especially IF you live in close proximity to a major city.

  • @HipH0pHippy
    @HipH0pHippy 2 ปีที่แล้ว +5

    RV/Van Life is about to explode! The camping section at Walmart will be the next to see empty shelves.

  • @aleksanderabraham9673
    @aleksanderabraham9673 ปีที่แล้ว +217

    Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

    • @ebonicalbert5711
      @ebonicalbert5711 ปีที่แล้ว +1

      Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

    • @aleksanderabraham9673
      @aleksanderabraham9673 ปีที่แล้ว +1

      @@ebonicalbert5711 Anyways not actually, what I know about trading almost borders on zilch lol. I make huge profits on my investment since I started trading with Mrs Debbie Ramirez.

    • @aleksanderabraham9673
      @aleksanderabraham9673 ปีที่แล้ว

      @RONATO Johnson My coin stays right in my trading account, my account just mirrors her trades in real-time that's the idea behind copy trading.

    • @ebonicalbert5711
      @ebonicalbert5711 ปีที่แล้ว

      @RONATO Johnson Same here, My portfolio has been going down the drain while I try trading, I just don't know what do wrong, have invested $18,000 in crypto all have now is just $5365.

    • @ebonicalbert5711
      @ebonicalbert5711 ปีที่แล้ว

      This is exactly what I need for my short-circuted brain at this moment of time. please I really need help with her info.

  • @ese3go
    @ese3go 2 ปีที่แล้ว +9

    when I see something I want to buy, I tell myself no after asking if I really need it. After living in poverty on miserable minimum wage jobs for several years as a young person I was traumatized. I will pick up pennies on the sidewalk. After all, it's free money.

    • @coyote_0056
      @coyote_0056 2 ปีที่แล้ว

      I dropped those B

  • @mrrarrogant0490
    @mrrarrogant0490 2 ปีที่แล้ว +8

    I believe she hit it on the nail! So much of our self worth is tied to the tangible things we own…..

  • @ericmaxwell4161
    @ericmaxwell4161 2 ปีที่แล้ว +21

    Nice to see real human issues on main stream media.

  • @BigHeadBob
    @BigHeadBob 2 ปีที่แล้ว

    @CNBC amazing video. My favorite part was the solution aspect of finding a money coach. But where do you recommend we find this?

  • @breadfan9
    @breadfan9 2 ปีที่แล้ว +39

    You can tell Sabrina definitely cut back on spending....particularly in the food department

    • @freeguy3751
      @freeguy3751 2 ปีที่แล้ว +2

      She probably still alcoholic though lol

    • @Brad14397
      @Brad14397 ปีที่แล้ว

      Rude

    • @ImVeryBrad
      @ImVeryBrad ปีที่แล้ว

      @@Brad14397 that's not rude

  • @mm345-0
    @mm345-0 2 ปีที่แล้ว +19

    ROFL - if you're stressed about money, face your debts, take responsibility, and get a money coach (for what, free?)

    • @ProTouringSS
      @ProTouringSS 2 ปีที่แล้ว

      Easy for a white man to say, you can go into any bank and get a loan. You can smile anywhere and get a job. Your ancestors put us in the situation you colonizer. It's always the Anglos stating that it's all about responsibility, no its not. If you're put in a place where you can never escape you never will. I doubt you grew up poor, unable to buy food and clothes. Save your BS, people like you are the problem. People like you need to be taxed to death.

    • @onfeetnation
      @onfeetnation 2 ปีที่แล้ว +4

      I wish I could shake your hand. People just whining and refusing to admit that their financial stress is their own fault

  • @codgamer
    @codgamer 2 ปีที่แล้ว +22

    It is about time Personal Financial Management to be included high school education.

  • @ayasensei5709
    @ayasensei5709 ปีที่แล้ว +2

    In 50’s, one adult worked and that was sufficient to support 1 household. Now, I feel like 3-4 adults need to work to support 1 household.

  • @kennethpaull479
    @kennethpaull479 ปีที่แล้ว

    You nailed it! HOPE! If you have no hope (future)! You have more stress! Nobody is HAPPY!

  • @SkywalkerPaul
    @SkywalkerPaul 2 ปีที่แล้ว +65

    An American friend of mine came to live here in Germany and he said here he felt safe because a certain money anxiety isn't here as it is in the USA..

    • @sammysolis8495
      @sammysolis8495 2 ปีที่แล้ว

      That’s because Germany is in need to people to live there . They pay people to have children for crying out loud

    • @SkywalkerPaul
      @SkywalkerPaul 2 ปีที่แล้ว

      @@sammysolis8495 you get tax cuts the more children you have. If you have more than 5 children you don't pay any taxes.

    • @whohan779
      @whohan779 2 ปีที่แล้ว +18

      Being rich in the US might be better than almost anywhere else (taxes are low and politics rather 'lobbyable'), but being poor is way worse than almost anywhere in the EU (maybe even much of Bulgaria).

    • @esonon5210
      @esonon5210 2 ปีที่แล้ว +2

      @@whohan779 Funny how to fail to include the rest of the world. What about Africa, Asia, and South America?

    • @whohan779
      @whohan779 2 ปีที่แล้ว +4

      @@esonon5210 I've merely stated the EU because I don't wanna appropriate regions I haven't lived in before.
      Also, living in 'Africa' usually is worse than living in the US per default, South America is a very mixed bag and even you forgot to include Oceania (mostly Australia and New Zealand) where I think apart from the isolation from the rest of the world (which can be beneficial for pandemics) life is usually better than in the US overall… at least for the poor.
      But then again even being poor in India might be a step-up from the US depending on specific situation.