i lived out of a storage unit for 5 years. it wasnt because i wanted to, but because its all i could afford. i made the decision after i found myself putting rent payments on my credit card. i now moved up to an RV and no longer live paycheck to paycheck
A lot of people don't know how to manage their money and expenses. They spend freely on new cars, new homes, vacations, entertainment and expect a certain lifestyle. They've been spoiled, until reality hits.
Whether it's a lot of people, some people or a few people. There's no way you can say there isn't an economic crisis n if you don't believe it's now what would have to happen for you to think most people aren't suffering mainly bc of living beyond their means?
Agreed. We had a friend over at the weekend, and she said it's her right to have 4 holidays a year because she works full time. I said you are owed nothing. People can't even afford food. She didn't like that. Truth hurts.
I recognize the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organizations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?
In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor OR in a financial market, requires guidance at some stage.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Stacy Lynn Staples for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Keyword is ONE. A single income household making $55,000 is now Low Income in America. Better share costs with a spouse, partner, roommate, or family members.
@AntiFeministWoman4Freedom Many people were "making it" really well until Bidenomics created 30-100% inflation on food, rents, insurance, and cars. Interest rates on credit cards and loans are higher. Plus an additional 30% tax when you earn, own, sell, and spend. Federal, state, property, sales, and hidden taxes in fuel prices. Using dirty math you have to make $140-160 in order to spend $100. 🤣 God forbid you live in an expensive state like New York or California. You are literally the working poor or working homeless.
@@BubbaGump-fz5hm Agreed, both sides want a crash, but most of the people who think they'll FINALLY be able to afford a home will be sorely disappointed.
These elites in tandem with the corrupt government will take this country to it's knees like the fall of Rome, My sympathy goes to anyone approaching retirement, you may have reasonable concerns over your pension and if it'll stretch to cover the rising cost of living, bad regulatory policies, bad energy and insane fiscal policies.
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
My CFA, Joseph Nick Cahill has assisted me in doing that efficiently, he is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@wmwoods-l4f Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
17:11 this is what’s happening in the northeast. I was born and raised in Massachusetts. My fiance and I make $170K household income yet we can’t afford to buy a house
Minimum wage keeps going up but my wage no longer keeps bouncing up proportionally, so I essentially make barely above the new people getting hired. I used to live more in the middle class, but now am firmly in lower class. I feel like such a complete failure trying to get ahead. I now have to take care of my senior mother and work DoorDash after my job every night to keep up with bills.
Im not saying this is possible, maybe it is, maybe its not...but some of these people making 80 000pr year might have to cut down their spending. Im at 32 000 a year after tax in Norway, and our country is one of the most expensive ones in the world, and i am doing very well. But that is because i am living very very frugally. That didnt come easy, i had to budget everything and cut down on ALOT of costs where i could. For example my phone bill pr month used to be 50, not its 8usd. My car used to be 120 a month for insurance, now its 50. Food, drinks and snacks used to be 250 a month, now its 150. Im not saying everyone is like this, but alot of people are living way above their means. To the ones who have done everything they can to cut costs and get a better life, i wish you a better future ❣️
you are not wrong they probably can drop their spending most americans overspend but, as some one who went from $45k and 1 child to $98k a year with 2 children. Ive downgraded to paid off cars, bought a smaller house in a cheaper area (cost alot more because market) and Im barely holding the same life style I was when making the $45k.
@@MBbeme i am an honest person. I could easily overlook your comment and give no answer, but seeing as i am honest i will admit that you are right on that one. I will say though that healthcare in Norway (atleast what i have received) is pretty bad. And i have lost 2 people to bad Norwegian healthcare, my best friend hung himself last year and my step dad died due to wrong medication given to him. My stepdad son sued the state and won. Im also suing my doctor btw. So sometimes paying more for healthcare is not bad, keep that in mind. And like i wrote, some people can cut spending, some people cant. I wish the best anyways ❤️
@@Casch44 Thats an intelligent move by you, well done. And i am sad to hear the other parts you wrote 😢 I look at American news everyday, aswell as Canadian, European and Norwegian news, thats due to me investing and i need to see whats going on... My point beeing is that i can see alot of damage in the economy of the people. Alot of the news say the people are doing fine, but if one looks at the lower income and "medium" income then they are not doing well at all. Its rough out there, i know it. In Norway the prices has also gone up alot, especially since 2019. And it has been a global phenomenon since around the same year. The housing market here is completely fucked, if it was not for my GF i would not be able to buy anything where we rent now, i would (if single) have to move waaaaaaay up north to the cold areas to be able to afford something thats good enough. Food prices up alot too, i have just changed my diet alot to make it possible to still save alot and invest it. The 4% wage increase is not enough so i have to save my ass off to be able to increase my income... For example through dividends and so on. Life is rough for many people out there, and that makes me sad. I wish you the best and i wish others well too ❤️
I agree, I made $55k this year. We live in a paid for single wide and our vehicles are paid for. We have no kids. It's very doable on our income. A lot of people don't want to move and they want to keep their car payments
Thanks for being one of the few howlies that tell the masses that inflation is a global problem not just here in the states. We actually have the best economy in the world, so you can imagine how much more those around the planet are suffering.
Coming from a social worker who worked with homeless families I have seen so many families living in their cars. People cannot afford the cost of living, and in many cities there is no rent control laws so landlords can increase the rent hundreds of dollars a year. Not enough affordable housing for the demand that exists. I see alot of families putting 4-5 people in bedrooms just to make ends meet. The U.S. is in a recession, they just don’t want to advertise it.
Landlords aren't just raising rents on a whim. They are adjusting rent prices based on the market. The market are other renters. It's not the landlords being malicious, it's people losing in a competitive arena against other renters. If no one could afford it, no one would rent at that price, price would come down....the part you aren't acknowledging is people can and do afford it. Housing affordability is almost exclusively a supply/demand problem.
@@joeb734 There are corporations that overtaking rental markets. They require punitive clauses in rental contracts. For example let them know 3 mos ahead if staying another year meaning you really get 9 mos. Before commit to another year. they raise rent every year by hundreds. they require second to three months rent to get out of rental agreements. They make renter responsible for lawn, pool, exterminators etc. So it is hard for people to keep up when local laws are skewed for landlords and corporations. Oh did I mention they keep deposits with bogus excuses? They know it costs more for people to sue to get back their deposits so spare me the violins for landlords.
The overwhelming majority of rental properties are owned by "mom and pop" investors. Institutional investing owns a very small percentage of all housing. Between Mom and pop + institutional investors, they own a combined 20-30% (very generous estimate not in favor of investors) of US housing @elizabethlibero1878....70% of all housing is owned by the resident. You want to blame a small minority for the whole market? Parroting doomer sound bytes, instead of doing your own research won't help anything, you just misdiagnose the problem.
You must have a very loose definition of "overtaking" @@elizabethlibero1878 At best, investors hold maybe 30% of all residences in the US, most of which are "mom and pop" real estate investors. Not sure how you can blame a small percentage of ownership for a whole market's behavior. I'd encourage you to look at actual numbers instead of ridiculous propaganda
17:20 I'm living the reality here in Idaho - so many California transplants treading on this land. It feels like someone walking into your house, touching things, opening doors and going into rooms they shouldn't be going into, putting their feet on furniture - just this extreme intrusive feeling.
Something has to crash and CRASH huge! I make $80k with only a 13k car note. No other debt. I'm BARELY saving. I'm 50 and own my home outright but it's only worth $299k and that's my entire net worth.
Then you are not doing something right. I'm 48 (single, no kids) and only make $41,000/yr. I have $17,000 worth of debt and don't own my home. I save and invest every month? My networth (thru investments) grew substantially this year. Good Lord, there is a crypto coin called Fartcoin that has gone up by 4000% in the last 6 weeks. Get some financial education, start investing, take some risks.
I am lucky I'm a 70-year-old senior mortgage and 2020 vehicle paid for. I worked retail for many years quitting in 2020 making $13.80 an hour after 22 years I was able to put money in a 401k and Roth IRA and regular savings by working any extra hours I could get. Same house I bought 22 years ago has only went up about 10,000 in value so not all houses have went up in value I guess it depends on where you live. I live in Central Illinois. Because of the frugal way I shop out of my $1,272 a month in Social Security I am able to save $450. As I said I am very fortunate and not everybody is but I do believe whatever your income there's always a way to save something
I make $70k a year , yet I’m barely making ends meet . Damn rent is $2,000 a month and I’m about 1.5 hour away from LA ! If I lived in LA I would be paying $3,000 a month !
@@TheRealShadowPvP easier said than done. It's an expensive endeavor in terms of both time and money to move. Also, lining up a new job, new school for kids if you have them, it isn't easy.
But… 9:18 “consumer spending is very strong, record spending”. How? If everyone is so broke and they can't make ends meet, how do we have record spending?
As @Tre2cool96 mentioned, credit lines and credit cards. Not only that, but the idea of "keeping up with the Jones'" is at an all time high. I know people who spend 90% of their monthly income on their mortgage and car payments for a new house and car that they dont need and which are built like crap. The other 10% goes to what little groceries they can afford, their car insurance and their health insurance. Yet I still see them going out and eating dinner at fancy restaurants and I know they're doing it on credit that they can't afford. People love to APPEAR well-off, while being stretched to the bone financially.
A housing crash won’t help. I tried to buy my first place in 2008 when the crash happened. It wasn’t unemployment that stopped me, it was investors buying up all the starter homes to rent them out. I’d offer full price on a place and get outbid by investors who could make full cash offers. I’d see the place listed for rent two weeks later. I offered on 14 properties before I got my one bedroom condo.
I make $29.14 an hour. After child support and all deductions my hourly take home rate is $11.53 an hour. Just did the math while watching this video.😮😢
Yep I work with a couple people paying child support we make a little less then you do and some of these guys checks don't cover a roof over their head or a decent car they are slaves for 20+ years and they work a "good union Job"
I agree with the need for a reset but there will be collateral damage if that happens. The affordability crisis is getting worse and faster than we realize. The decoupling from the gold standard is the culprit. Cutting rates by one full point is/ was a bad idea. I’m making my living by trading options full time as a professional trader.
What's "normal" ? It's all your perception of what you want, rather than need. We could all live simpler lives, free of the system if we really wanted to. It's not easy, but it's possible.
Lifestyle inflation is exponentially more expensive than actual inflation...people are complaining about the wrong inflation to avoid responsibility for their extravagant lifestyles! You don't need a smart phone or most of the crap people buy using debt.
I really wish some of these people who literally cry about not making ends meet would show their budget. I'm not saying they can't make ends meet, but just hearing people say how they are paycheck to paycheck doesn't help me understand why.
When they do their story always falls apart. Same story every time - eating out, vacations, car loans. They would prefer to blame inflation than themselves.
Speaking truth! Reminds of that (paycheck to paycheck couple in NYC who made 250k a year) Part of their budget was literally 1g a month for kids piano lessons like WTF?
Simply because if the vast majority of them did, anyone with an idea of budgeting would be able to pick it apart and destroy their whole victimhood mentality.
@@Milkbone97you absolutely would. I make under $80k and it costs me ~$2000/month to live (rent, food, lights, water). I have a leftover $2,200 dollars after that and that’s with a 12% 401k contribution. I have zero car payments, zero streaming subscriptions, and I only go out to eat maybe twice a month. So many people are just living too lavishly.
No information here. Just opinion, fear mongering and a safe place to cry about the struggles that everybody is experiencing. Its impossible to separate the people who are really doing their best and still struggling and deserve our sympathy. And those who have no knowledge or ability to manage their finances and those who don't realize that they are living outside of their means. People are going to be creative to survive. You may need to live together with your family or find a room mate to share expenses so that you can save. Immigrants come to this country every year and employ this strategy to get on their feet and survive tough times. You will have to make some sacrifices. Skip those expensive vacations for now, take a pass on that new iPhone, all of those costly subscriptions, those expensive trips out to dinner, and $7 lattes. People the world over are also experiencing hardship. No one is being spared. Its time to reimagine what success and achievement looks like. And to that guys who thinks that the USA is worse off then the UK. He's delusional. Our economy is in wonderful shape by comparison.
Same thing is happening in Mexico with people from California coming in and buying up property and opening businesses, kicking the locals out and raising prices.
@@mrniceguy423 Nope. Anybody can buy and they are. You can apply for a temporary residence so you can stay more than 6 months at a time. But you definitely don't need to be a citizen. You only need to be a citizen if you want to purchase property within a beach area.
More stimulus checks to fight inflation is the equivalent of providing free drugs to drug addicts in the hopes that it will somehow help them cure their addiction.
About 81% of stimulus checks went directly into buying stocks and bonds; less than 19% went into buying goods and services. People think high inflation is somehow linked to more money chasing after less goods and services; I'd argue instead that rich people have successfully excluded themselves from paying taxes while, at the same time, capturing ever more of the money supply. Currently there's no mechanism in the US the redistributes wealth downward, only upward.
You know once AI actually gets smart enough to take many peoples jobs we will see exactly what you spoke of, major job losses and inflation will dip, after all those effected get back on their feet and into new and different careers inflation could skyrocket again even higher.
Hey JJ. Its Clobbering time! Time to crush the inflation. The best way is to boycott and not buy anything but ONLY the necessities. Continue to spread the word. 🎉😮
Here in Easter Island (Chile) nobody that hasn't be born or has family roots in the island can live there. This way, native people can still live there.
Wise Federal Governments invest heavily into their own citizens first. That's not the problem, the problem is giving USA taxpayer's money to all these foreign wars and conflicts, illegals, and foreign Aid🇺🇸
Watching from Hawaii. I grew up in Maui and moved to Oahu by myself in late 2022 at the age of 18. It was a bit of a bold move as I had no job and no car and had to resort to making Uber Eats deliveries on my bicycle. Thankfully I grinded my way up to a nice used Lexus and have continued doing Uber Eats deliveries full time. I am thankful I was able to lock in a room in a shared house in East Honolulu for $900 a month and have lived about as frugally as humanly possible. I even sleep on a floor mattress because I can't justify buying a bed. I have seen prices on housing and groceries go up significantly from just 2 years ago so it would be even more difficult starting out now. And then Maui, that's a whole lot worse of a styory and the only people making it are those that are living with family or locked in housing a decade ago.
Personally I don't think it's going down I think we are being pressed to increase our incomes. It's forcing people that were in poverty to grow out of that or live in survival mode. For me it was motivation to work smarter. Working hard is great but there's only so many hours and jobs you can take on as one person. My husband is disabled and I am the only financial provider. We couldn't keep living in poverty so I crawled myself out and it was hard, it was a lot of nights working until 2am but it worked. I don't think things will get worse but I don't think we will ever go back to a lb of chicken being $2.99
I work full time 40+ hours,make 27,000$ a year,they take 200$ a month in taxes and im supposed to save for my future by putting some away in a 401k lol,i have rent,cellphone,food,car payments and i have to go to the laundry mat to do laundry...if this gets worse im fucked
The Federal Reserve isn’t who creates a majority of the money in this country. It’s banks through fractional reserve lending. The largest expansion of the money supply we saw in this country since 2020 was through lines of credit extended to consumers and companies.
In Ontario there's talks that everyone would get $200 in early 2025 then those that worked in 2023 in Canada would get $250. It's time for the government to stop taxing everyone out of death, stop the inflation and stop spending taxpayers money on their personal luxury vacations.
Teslas stock price makes no sense given their financial figures. Companies like Apple and Amazon are sitting on $100 billion in cash reserves approaching $100 billion profits per year. Their valuations make complete sense.
High interest rates for longer periods hurt the banks. Most of their assets are under water. They're hemorrhaging from higher interest rate risk and payments. They have more loaned assets with low interest payments as compared to loaned assets generating higher interest (revenue). They're cooked
I think the main problem is sending money to businesses. When that happens, the money is hoarded. The money needs to go to the people. People WILL spend it in businesses. That will cause a much better recovery. But nah, Republicans can't and won't do it.
The biggest killers are housing and transportation. The biggest reason I am getting ahead right now is because i bought my first and only house for a nickel in 2012 and refinanced at 2 percent.
The average necessary is now $120,000 in most cities, more if you live in larger cities. I grow my own food. I have had 6 months where I wasn’t able to because I had to reorganize so I could grow more. My regular production will be back to normal by spring, but damn. Food is insane. I hustle like crazy and starting several side gigs. In a year and three months I will be completely able to sustain myself without a grocery store. It has taken years of prep to learn. But family and friends aren’t doing it and I understand, but can’t afford to carry them.
Here a solution: Grow your own food and learn how to survive in the wilderness because when it’s time to leave the “normal” life to live a homeless life? You will be more free than you would have ever thought. Only thing is… there is lot of work to sustain yourself in the wild open world but at this point it doesn’t seem like a bad idea. They want to keep you enslaved and dumb where you don’t know that you can do this. Yet is possible. If our grandparents were able to do it? You can do.
I 100% can relate to losing your home to people coming in an buying everything, jacking up prices, taking jobs, and changing culture. NC was the 3rd most moved to state. My family has been here since before the declaration of independence was signed. I can't afford to live near my family. I can't afford to send my son to the same school I went to. The culture has changed. Many Yankees and their rudeness. No one knows anyone anymore. No one can drive. Less jobs. Less land and more houses. No playing in the farmers field, down by the creek, or exploring the woods for my kid. I can't make it happen.
Part of the problem is so many people think that if you can afford the monthly payment then you can afford it. Most people have a car payment or two, a mortgage and credit card debt. Then they make minimum payments on everything. It’s ok as long as prices don’t go up. But if you were on the edge before inflation it’s really hard now
But have you talked about the corporate profits? Yes, inflation hit companies but they more than raised the price of each item double the inflation amount. We need to deal with corporations robbing us and stop buying the BS. Also, corporations have raised prices for profits but their workers are not seeing that money, The stockholder and buybacks are what is getting that extra money, not the normal people. Until we change these things, nothing will change.
Are the rate cuts actually helping with mortgage rates? It doesn't seem like the mortgage rates are following the fed funds rate. I guess this could also be that most people are just too much of a credit risk too.
I’ve been priced out of the neighborhood and state where I grew up. A respectful salute to the Hawaiian native culture, but they are not the only ones who have lost their “homeland.” The reality of life is that “you pays your money and you takes your chances.” Translated: you do your best to make the right choices in life and some win and some loose. Suck it up. And to those who feel they’ve done everything right and think they know all the answers: character is what counts, not your silly empire of big house/car/income. I’m old enough to smell bullsh.t when it makes its presence known, and too many of the comments I’ve read are exactly that.
As a Native Hawaiian who moved to the mainland..Im trying to get back home but the more i try the more it doesnt look like home anymore.. more and more of my family have moved and its just a sad situation..
I understand why it doesnt APPEAR to make sense. But ponzi schemes DONT make sense. You cannot go backward.....you inflate or die. Period. Think of musical chairs. You have to keep adding "music" so people never need to "sit down on chairs that are not there". Stop the giveaways and you crash the dollar overnight.....keep it going and you buy time. System is dumb but printing at this point is not dumb. Its necessary.
Idk, I am a drivers helper for UPS.. it seems to me that most people are not struggling that badly.. lots of online shopping. We just dleivered things like a "bark box" to a mobile home park lol
Taxes are ridiculous, corporations are greedy, bills continue to increase with stupid fees & government don’t care about their own country so they send money to other countries SMH ! The rich continue to get rich and the poor stay poor!
printing money is not the main contributor to inflation... price gauging is. speculative investing. harvesting future profits of our children to fund current billionaires.
It is possible that the Fed continues to lower the Fed Funds Rate because the interest payment on the National debt continues to rise as the national debt does. Lower rates decreases this payment which is now tha second highest line/expense item on the Federal budget after Social Security/Welfare. The interest payment on the National debt has now surpassed National Defense spending…… the government will continue to do what is in THEIR best interest. It could be argued also that Powell already knows that the debt will increase along with inflation once import tariffs are instituted….could be wrong tho…
My parent's are well off boomers cuz they got government jobs wit pensions back in the late 60s when they graduated high school so when they retired they still get raises every year wit the government pensions an so they fine homes paid off cars paid off but my mom is always saying she dont see how normal people are doing it now a days an she cant see how other people are getting buy
Everyone griping about not being able to live, but everyone has credit cards, high car payments, buy whatever they want, and NO ONE BUDGETS! they just piss and moan instead of doing something.
*This administration has no idea how people are suffering, things are getting so much harder we can't take it no more. A lot of people are financially struggling to put food on the table and a roof over their head, I appreciate your advice Peggy Dawsons. Imagine I invested $2,000 and got $10,600.*
I appreciate it. I will never forget this administration putting many people and families into difficult situations. Peggy Dawsons investment helps me also.
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
So there are people who don't know about Peggy Dawsons??? She’s really trustworthy and reliable and as one of her beneficiaries I can tell you that this opportunity comes only once in a while. Make use of it immediately
Am just happy I and my children have a roof over our heads. Merry Christmas
i lived out of a storage unit for 5 years. it wasnt because i wanted to, but because its all i could afford. i made the decision after i found myself putting rent payments on my credit card. i now moved up to an RV and no longer live paycheck to paycheck
Happy you for your come up brother
@@angelrivera6915 thanks bro! im doing good, i hope everyone else can pull it together through these times ♥
DAMN!!!!
Good job broski
You're creative and mentally tough. Keep it up.
Man everyone out here living their best life. Everyone got new cars, a iPhone, & eating out everyday. It’s money out here
Yes, stop buying new cars, IPhones & eating out and buying junk food for you and yourself. Just don't do it. These are not must haves. They are wants.
It’s debt out there
There's bs out there
Yes and some are living on the streets good times?
@@landonbrown9943 rich are getting much richer...everyone else...struggling
A lot of people don't know how to manage their money and expenses. They spend freely on new cars, new homes, vacations, entertainment and expect a certain lifestyle. They've been spoiled, until reality hits.
Whether it's a lot of people, some people or a few people. There's no way you can say there isn't an economic crisis n if you don't believe it's now what would have to happen for you to think most people aren't suffering mainly bc of living beyond their means?
Agreed. We had a friend over at the weekend, and she said it's her right to have 4 holidays a year because she works full time.
I said you are owed nothing. People can't even afford food. She didn't like that. Truth hurts.
This ❤
Ok boomer
A lot of people DO KNOW HOW and still can’t make ends meet. The blaming the victim is disgusting.
I recognize the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organizations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?
In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor OR in a financial market, requires guidance at some stage.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Stacy Lynn Staples for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Assistance from community organizations?! LMAO
Keyword is ONE. A single income household making $55,000 is now Low Income in America. Better share costs with a spouse, partner, roommate, or family members.
Many people make it on $55k..It’s not hard if you budget and live below your means
@AntiFeministWoman4Freedom Many people were "making it" really well until Bidenomics created 30-100% inflation on food, rents, insurance, and cars. Interest rates on credit cards and loans are higher.
Plus an additional 30% tax when you earn, own, sell, and spend. Federal, state, property, sales, and hidden taxes in fuel prices. Using dirty math you have to make $140-160 in order to spend $100.
🤣 God forbid you live in an expensive state like New York or California. You are literally the working poor or working homeless.
@@OneIncomeSuperSaver you better have zero debt and a super reliable car a broken ankle or two or three car break downs and you'll be bankrupt
Not true there are many one income homes that are doing fine and not rich.
$300?! That’s tremendous news…if this were the 1920s.
300 can barely pay a car bill or half of rent 😂
@@J3r_B3ar it’s $3,000 NOT $300 dollars .
Best comment ever! I found it!! 😂😂😂
@@bludiamond5258 🫂
You know what happens during a housing crash? The people who already have money buy up twice as much as they did before.
This is the point of all crashes. Like Buffer says, money is made when there is blood in the streets.
@@TC2014-mo Most people calling for a crash are unarmed, and outmatched.
@@EvergreenVBYeah but the really rich people who make all the money understand crashes very well and are just waiting for it to implode.
@@BubbaGump-fz5hm Agreed, both sides want a crash, but most of the people who think they'll FINALLY be able to afford a home will be sorely disappointed.
These elites in tandem with the corrupt government will take this country to it's knees like the fall of Rome, My sympathy goes to anyone approaching retirement, you may have reasonable concerns over your pension and if it'll stretch to cover the rising cost of living, bad regulatory policies, bad energy and insane fiscal policies.
No doubt diversification cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
My CFA, Joseph Nick Cahill has assisted me in doing that efficiently, he is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@wmwoods-l4f Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
This is the direction I want to take with my finances as I prepare for retirement. Can you recommend the advisor who helped you get ahead?
Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Remember, they can always change formulas to make things look any way they want it to look.
It's no problem.
Rothchild owns the Federal Reserve.
17:11 this is what’s happening in the northeast. I was born and raised in Massachusetts. My fiance and I make $170K household income yet we can’t afford to buy a house
Well Kevin, you vote liberal and to all immigrants in, an to constantly raise taxes so maybe u DESERVE IT?
Bro it's so bad up here,I make 27,000$ a year,I can't live if this gets any worse
@@5_Ksrcit’s so sad I hope things cool off soon. It’s only a matter of time something has to give
@@kevins6468 one can hope 🙏
Don’t buy a house they are money pits
10:20 The FED is cutting rates because the data is bogus and we are most likely already in a recession
Minimum wage keeps going up but my wage no longer keeps bouncing up proportionally, so I essentially make barely above the new people getting hired. I used to live more in the middle class, but now am firmly in lower class. I feel like such a complete failure trying to get ahead. I now have to take care of my senior mother and work DoorDash after my job every night to keep up with bills.
Not falling for the bait this year! No spending aimlessly. Just the basics By God's grace...CC Debt free by End of year!!
Look into national debt relief. They saved my butt and I paid off all my debt in under 3 years
It's not only inflation. It's mostly bad spending habits.
everyone is hungup on the NUMBER of dollars, not the VALUE.
Im not saying this is possible, maybe it is, maybe its not...but some of these people making 80 000pr year might have to cut down their spending.
Im at 32 000 a year after tax in Norway, and our country is one of the most expensive ones in the world, and i am doing very well. But that is because i am living very very frugally. That didnt come easy, i had to budget everything and cut down on ALOT of costs where i could. For example my phone bill pr month used to be 50, not its 8usd. My car used to be 120 a month for insurance, now its 50.
Food, drinks and snacks used to be 250 a month, now its 150.
Im not saying everyone is like this, but alot of people are living way above their means. To the ones who have done everything they can to cut costs and get a better life, i wish you a better future ❣️
You’re probably not struggling with school / medical debt like half of the USA
you are not wrong they probably can drop their spending most americans overspend but, as some one who went from $45k and 1 child to $98k a year with 2 children. Ive downgraded to paid off cars, bought a smaller house in a cheaper area (cost alot more because market) and Im barely holding the same life style I was when making the $45k.
@@MBbeme i am an honest person. I could easily overlook your comment and give no answer, but seeing as i am honest i will admit that you are right on that one. I will say though that healthcare in Norway (atleast what i have received) is pretty bad. And i have lost 2 people to bad Norwegian healthcare, my best friend hung himself last year and my step dad died due to wrong medication given to him. My stepdad son sued the state and won. Im also suing my doctor btw. So sometimes paying more for healthcare is not bad, keep that in mind.
And like i wrote, some people can cut spending, some people cant. I wish the best anyways ❤️
@@Casch44 Thats an intelligent move by you, well done. And i am sad to hear the other parts you wrote 😢 I look at American news everyday, aswell as Canadian, European and Norwegian news, thats due to me investing and i need to see whats going on... My point beeing is that i can see alot of damage in the economy of the people. Alot of the news say the people are doing fine, but if one looks at the lower income and "medium" income then they are not doing well at all.
Its rough out there, i know it.
In Norway the prices has also gone up alot, especially since 2019. And it has been a global phenomenon since around the same year. The housing market here is completely fucked, if it was not for my GF i would not be able to buy anything where we rent now, i would (if single) have to move waaaaaaay up north to the cold areas to be able to afford something thats good enough. Food prices up alot too, i have just changed my diet alot to make it possible to still save alot and invest it. The 4% wage increase is not enough so i have to save my ass off to be able to increase my income... For example through dividends and so on.
Life is rough for many people out there, and that makes me sad. I wish you the best and i wish others well too ❤️
I agree, I made $55k this year. We live in a paid for single wide and our vehicles are paid for. We have no kids. It's very doable on our income. A lot of people don't want to move and they want to keep their car payments
Thanks for being one of the few howlies that tell the masses that inflation is a global problem not just here in the states. We actually have the best economy in the world, so you can imagine how much more those around the planet are suffering.
Our government see it, but as long as their wallet is being filled, they look the other way.
This entire situation has become totally and completely out of control!
I opened a brokerage account with my stimulus and now I'm at $28k. Thanks government 👍
GMe?
What stimulus? Sounds like you didn’t qualify and took the money?
Coming from a social worker who worked with homeless families I have seen so many families living in their cars. People cannot afford the cost of living, and in many cities there is no rent control laws so landlords can increase the rent hundreds of dollars a year. Not enough affordable housing for the demand that exists. I see alot of families putting 4-5 people in bedrooms just to make ends meet. The U.S. is in a recession, they just don’t want to advertise it.
Yet people vote for republicans and billionaires who could care less…in fact want to inflict more pain.
Landlords aren't just raising rents on a whim. They are adjusting rent prices based on the market. The market are other renters. It's not the landlords being malicious, it's people losing in a competitive arena against other renters. If no one could afford it, no one would rent at that price, price would come down....the part you aren't acknowledging is people can and do afford it.
Housing affordability is almost exclusively a supply/demand problem.
@@joeb734 There are corporations that overtaking rental markets. They require punitive clauses in rental contracts. For example let them know 3 mos ahead if staying another year meaning you really get 9 mos. Before commit to another year. they raise rent every year by hundreds. they require second to three months rent to get out of rental agreements. They make renter responsible for lawn, pool, exterminators etc. So it is hard for people to keep up when local laws are skewed for landlords and corporations. Oh did I mention they keep deposits with bogus excuses? They know it costs more for people to sue to get back their deposits so spare me the violins for landlords.
The overwhelming majority of rental properties are owned by "mom and pop" investors. Institutional investing owns a very small percentage of all housing. Between Mom and pop + institutional investors, they own a combined 20-30% (very generous estimate not in favor of investors) of US housing @elizabethlibero1878....70% of all housing is owned by the resident. You want to blame a small minority for the whole market? Parroting doomer sound bytes, instead of doing your own research won't help anything, you just misdiagnose the problem.
You must have a very loose definition of "overtaking" @@elizabethlibero1878
At best, investors hold maybe 30% of all residences in the US, most of which are "mom and pop" real estate investors. Not sure how you can blame a small percentage of ownership for a whole market's behavior. I'd encourage you to look at actual numbers instead of ridiculous propaganda
17:20 I'm living the reality here in Idaho - so many California transplants treading on this land. It feels like someone walking into your house, touching things, opening doors and going into rooms they shouldn't be going into, putting their feet on furniture - just this extreme intrusive feeling.
❤i understand
They're worse than locusts.
Something has to crash and CRASH huge! I make $80k with only a 13k car note. No other debt. I'm BARELY saving. I'm 50 and own my home outright but it's only worth $299k and that's my entire net worth.
Then you are not doing something right. I'm 48 (single, no kids) and only make $41,000/yr.
I have $17,000 worth of debt and don't own my home.
I save and invest every month?
My networth (thru investments) grew substantially this year.
Good Lord, there is a crypto coin called Fartcoin that has gone up by 4000% in the last 6 weeks.
Get some financial education, start investing, take some risks.
You're still in the top %15. Keep grinding
The math ain't mathing...you're overspending somewhere.
I am lucky I'm a 70-year-old senior mortgage and 2020 vehicle paid for. I worked retail for many years quitting in 2020 making $13.80 an hour after 22 years I was able to put money in a 401k and Roth IRA and regular savings by working any extra hours I could get. Same house I bought 22 years ago has only went up about 10,000 in value so not all houses have went up in value I guess it depends on where you live. I live in Central Illinois. Because of the frugal way I shop out of my $1,272 a month in Social Security I am able to save $450. As I said I am very fortunate and not everybody is but I do believe whatever your income there's always a way to save something
I make $70k a year , yet I’m barely making ends meet . Damn rent is $2,000 a month and I’m about 1.5 hour away from LA ! If I lived in LA I would be paying $3,000 a month !
Time to move out of California
@@TheRealShadowPvP easier said than done. It's an expensive endeavor in terms of both time and money to move. Also, lining up a new job, new school for kids if you have them, it isn't easy.
Move to canada, average salary is $35,000 and one bed rent is $3500
And remember, you deserve it for being a dumb liberal, letting all the immigrants in, and voting for all this. I hope your rent goes up another $500.
@@TheRealShadowPvP I recommend Arizona bay
It's called a Depression. Get ready. We have not seen anything yet.
But… 9:18 “consumer spending is very strong, record spending”. How? If everyone is so broke and they can't make ends meet, how do we have record spending?
Debt/credit cards more than likely
Consumerism and being on apps buying junk all day doesn’t help neither
As @Tre2cool96 mentioned, credit lines and credit cards. Not only that, but the idea of "keeping up with the Jones'" is at an all time high. I know people who spend 90% of their monthly income on their mortgage and car payments for a new house and car that they dont need and which are built like crap. The other 10% goes to what little groceries they can afford, their car insurance and their health insurance. Yet I still see them going out and eating dinner at fancy restaurants and I know they're doing it on credit that they can't afford. People love to APPEAR well-off, while being stretched to the bone financially.
A housing crash won’t help. I tried to buy my first place in 2008 when the crash happened. It wasn’t unemployment that stopped me, it was investors buying up all the starter homes to rent them out. I’d offer full price on a place and get outbid by investors who could make full cash offers. I’d see the place listed for rent two weeks later. I offered on 14 properties before I got my one bedroom condo.
Same thing happened in ‘21. Got outbid 50 times before giving up
So a tax refund, but instead of going thorugh the proper channels it's being send as a cheque to make the governor look good?
I make $29.14 an hour. After child support and all deductions my hourly take home rate is $11.53 an hour. Just did the math while watching this video.😮😢
Yep I work with a couple people paying child support we make a little less then you do and some of these guys checks don't cover a roof over their head or a decent car they are slaves for 20+ years and they work a "good union Job"
I agree with the need for a reset but there will be collateral damage if that happens. The affordability crisis is getting worse and faster than we realize. The decoupling from the gold standard is the culprit. Cutting rates by one full point is/ was a bad idea. I’m making my living by trading options full time as a professional trader.
What's "normal" ? It's all your perception of what you want, rather than need. We could all live simpler lives, free of the system if we really wanted to. It's not easy, but it's possible.
Instead of trying to live the consumption life our boomer parents we should go back to living like the greatest generation. Family above all!
Lifestyle inflation is exponentially more expensive than actual inflation...people are complaining about the wrong inflation to avoid responsibility for their extravagant lifestyles!
You don't need a smart phone or most of the crap people buy using debt.
Took no rocket scientist to say 80k for a family of 4 is not enough....even 4 yrs ago. Lady you poor, no more kids for you
I really wish some of these people who literally cry about not making ends meet would show their budget. I'm not saying they can't make ends meet, but just hearing people say how they are paycheck to paycheck doesn't help me understand why.
I agree. If I made 70k a year I would be able to live on my own and save a little money and that’s on Long Island!
When they do their story always falls apart. Same story every time - eating out, vacations, car loans. They would prefer to blame inflation than themselves.
Speaking truth! Reminds of that (paycheck to paycheck couple in NYC who made 250k a year) Part of their budget was literally 1g a month for kids piano lessons like WTF?
Simply because if the vast majority of them did, anyone with an idea of budgeting would be able to pick it apart and destroy their whole victimhood mentality.
@@Milkbone97you absolutely would. I make under $80k and it costs me ~$2000/month to live (rent, food, lights, water). I have a leftover $2,200 dollars after that and that’s with a 12% 401k contribution. I have zero car payments, zero streaming subscriptions, and I only go out to eat maybe twice a month. So many people are just living too lavishly.
No information here. Just opinion, fear mongering and a safe place to cry about the struggles that everybody is experiencing. Its impossible to separate the people who are really doing their best and still struggling and deserve our sympathy. And those who have no knowledge or ability to manage their finances and those who don't realize that they are living outside of their means. People are going to be creative to survive. You may need to live together with your family or find a room mate to share expenses so that you can save. Immigrants come to this country every year and employ this strategy to get on their feet and survive tough times. You will have to make some sacrifices. Skip those expensive vacations for now, take a pass on that new iPhone, all of those costly subscriptions, those expensive trips out to dinner, and $7 lattes. People the world over are also experiencing hardship. No one is being spared. Its time to reimagine what success and achievement looks like.
And to that guys who thinks that the USA is worse off then the UK. He's delusional. Our economy is in wonderful shape by comparison.
Same thing is happening in Mexico with people from California coming in and buying up property and opening businesses, kicking the locals out and raising prices.
That’s what happened in Vancouver too
I thought you had to be a Mexican citizen to own property in Mexico?
@@mrniceguy423 Nope. Anybody can buy and they are. You can apply for a temporary residence so you can stay more than 6 months at a time. But you definitely don't need to be a citizen.
You only need to be a citizen if you want to purchase property within a beach area.
Damn gringos!
@@mrniceguy423who do you think owns the resorts?
The average person is struggling badly. The stock market is not the economy
More stimulus checks to fight inflation is the equivalent of providing free drugs to drug addicts in the hopes that it will somehow help them cure their addiction.
Same as the government borrowing to make interest payments on existing debt...
This.
About 81% of stimulus checks went directly into buying stocks and bonds; less than 19% went into buying goods and services. People think high inflation is somehow linked to more money chasing after less goods and services; I'd argue instead that rich people have successfully excluded themselves from paying taxes while, at the same time, capturing ever more of the money supply. Currently there's no mechanism in the US the redistributes wealth downward, only upward.
They’re cutting rates to make the government debt interest rate cheaper. Look into it!
Making the dollar more and more worthless at the sane time
You know once AI actually gets smart enough to take many peoples jobs we will see exactly what you spoke of, major job losses and inflation will dip, after all those effected get back on their feet and into new and different careers inflation could skyrocket again even higher.
Stocks at all time highs and cutting interest rates makes zero sense.
Hey JJ. Its Clobbering time! Time to crush the inflation. The best way is to boycott and not buy anything but ONLY the necessities. Continue to spread the word. 🎉😮
Here in Easter Island (Chile) nobody that hasn't be born or has family roots in the island can live there. This way, native people can still live there.
Insurance across the board and tax is taking a huge hit to everyone
Don't forget that you have to pay taxes, 100,000 income annually means not much😢😢
💯
Wise Federal Governments invest heavily into their own citizens first. That's not the problem, the problem is giving USA taxpayer's money to all these foreign wars and conflicts, illegals, and foreign Aid🇺🇸
Lott-Kenny report. Guess what happened to the size & scope of government after women were given voting privileges.
Watching from Hawaii. I grew up in Maui and moved to Oahu by myself in late 2022 at the age of 18. It was a bit of a bold move as I had no job and no car and had to resort to making Uber Eats deliveries on my bicycle. Thankfully I grinded my way up to a nice used Lexus and have continued doing Uber Eats deliveries full time. I am thankful I was able to lock in a room in a shared house in East Honolulu for $900 a month and have lived about as frugally as humanly possible. I even sleep on a floor mattress because I can't justify buying a bed. I have seen prices on housing and groceries go up significantly from just 2 years ago so it would be even more difficult starting out now. And then Maui, that's a whole lot worse of a styory and the only people making it are those that are living with family or locked in housing a decade ago.
Personally I don't think it's going down I think we are being pressed to increase our incomes. It's forcing people that were in poverty to grow out of that or live in survival mode. For me it was motivation to work smarter. Working hard is great but there's only so many hours and jobs you can take on as one person. My husband is disabled and I am the only financial provider. We couldn't keep living in poverty so I crawled myself out and it was hard, it was a lot of nights working until 2am but it worked. I don't think things will get worse but I don't think we will ever go back to a lb of chicken being $2.99
I work full time 40+ hours,make 27,000$ a year,they take 200$ a month in taxes and im supposed to save for my future by putting some away in a 401k lol,i have rent,cellphone,food,car payments and i have to go to the laundry mat to do laundry...if this gets worse im fucked
The government didn't print any money.
The federal reserve prints the money, which isn't federal and loaned it to the government with interest.
The Federal Reserve isn’t who creates a majority of the money in this country. It’s banks through fractional reserve lending. The largest expansion of the money supply we saw in this country since 2020 was through lines of credit extended to consumers and companies.
The Alemio team seems to really know what they’re doing. Their updates are detailed, and they actually listen to feedback. Refreshing to see!
We're cutting rates because the CPI is going down and unemployment numbers are going up.
Told you we were gonna pay for that free covid money ..
In Ontario there's talks that everyone would get $200 in early 2025 then those that worked in 2023 in Canada would get $250. It's time for the government to stop taxing everyone out of death, stop the inflation and stop spending taxpayers money on their personal luxury vacations.
It's called building back better
Teslas stock price makes no sense given their financial figures. Companies like Apple and Amazon are sitting on $100 billion in cash reserves approaching $100 billion profits per year. Their valuations make complete sense.
Market is just wildly speculating on TSLA future innovation. James from invest answers has long deep dive videos on tesla.
High interest rates for longer periods hurt the banks. Most of their assets are under water. They're hemorrhaging from higher interest rate risk and payments. They have more loaned assets with low interest payments as compared to loaned assets generating higher interest (revenue). They're cooked
I think the main problem is sending money to businesses. When that happens, the money is hoarded. The money needs to go to the people. People WILL spend it in businesses. That will cause a much better recovery. But nah, Republicans can't and won't do it.
The biggest killers are housing and transportation.
The biggest reason I am getting ahead right now is because i bought my first and only house for a nickel in 2012 and refinanced at 2 percent.
Five cents meaning you were given the house?
"Good labor market" 🤔?
The average necessary is now $120,000 in most cities, more if you live in larger cities. I grow my own food. I have had 6 months where I wasn’t able to because I had to reorganize so I could grow more. My regular production will be back to normal by spring, but damn. Food is insane. I hustle like crazy and starting several side gigs. In a year and three months I will be completely able to sustain myself without a grocery store. It has taken years of prep to learn. But family and friends aren’t doing it and I understand, but can’t afford to carry them.
Here a solution: Grow your own food and learn how to survive in the wilderness because when it’s time to leave the “normal” life to live a homeless life? You will be more free than you would have ever thought. Only thing is… there is lot of work to sustain yourself in the wild open world but at this point it doesn’t seem like a bad idea.
They want to keep you enslaved and dumb where you don’t know that you can do this. Yet is possible. If our grandparents were able to do it? You can do.
It’s going to happen ! And I’ll be sitting on them assists
I don’t usually jump into presales, but Alemio’s approach to combining AI with DeFi sold me. Feels like the next big thing!
Keep it up J, love the vids!
I 100% can relate to losing your home to people coming in an buying everything, jacking up prices, taking jobs, and changing culture. NC was the 3rd most moved to state. My family has been here since before the declaration of independence was signed. I can't afford to live near my family. I can't afford to send my son to the same school I went to. The culture has changed. Many Yankees and their rudeness. No one knows anyone anymore. No one can drive. Less jobs. Less land and more houses. No playing in the farmers field, down by the creek, or exploring the woods for my kid. I can't make it happen.
Part of the problem is so many people think that if you can afford the monthly payment then you can afford it. Most people have a car payment or two, a mortgage and credit card debt. Then they make minimum payments on everything. It’s ok as long as prices don’t go up. But if you were on the edge before inflation it’s really hard now
5:52 It will, just stay tuned.
But have you talked about the corporate profits? Yes, inflation hit companies but they more than raised the price of each item double the inflation amount. We need to deal with corporations robbing us and stop buying the BS. Also, corporations have raised prices for profits but their workers are not seeing that money, The stockholder and buybacks are what is getting that extra money, not the normal people. Until we change these things, nothing will change.
Yes… yes I have
@@jjbuckner Great! Please keep it up. We need more influencers talking about these issues!
@@JenLingoif you know that the money flows to shareholders...why not become one? Just a thought...
Keep on wishful thinking...i mean the US government gave the people of Maui 700 bucks after the fires.
Are the rate cuts actually helping with mortgage rates? It doesn't seem like the mortgage rates are following the fed funds rate. I guess this could also be that most people are just too much of a credit risk too.
I love your channel. I watch yours everyday. You're my mom-and-pop-shop of TV watching.
Thanks for watching!
Gold and silver might save u
doubt it but Bitcoin will
@krista_b253 doubt it
An EMP, either from the sun or an adversary, will make all your crypto disappear
@@plantlady5356 indeed
@@krista_b253 Bitcoin has been hijacked
It’s also greedflation. Don’t let corporations get away with price gouging us!
Then...stop buying their stuff? 🫣🤔
im stil waiting on my bail out and a rescue for my shop going under due to bad policies in the fed
I’ve been priced out of the neighborhood and state where I grew up. A respectful salute to the Hawaiian native culture, but they are not the only ones who have lost their “homeland.” The reality of life is that “you pays your money and you takes your chances.” Translated: you do your best to make the right choices in life and some win and some loose. Suck it up. And to those who feel they’ve done everything right and think they know all the answers: character is what counts, not your silly empire of big house/car/income. I’m old enough to smell bullsh.t when it makes its presence known, and too many of the comments I’ve read are exactly that.
As a Native Hawaiian who moved to the mainland..Im trying to get back home but the more i try the more it doesnt look like home anymore.. more and more of my family have moved and its just a sad situation..
Hate this…
Shoutout from hawaii stoked to see you reppin kahala crossfit
I understand why it doesnt APPEAR to make sense. But ponzi schemes DONT make sense. You cannot go backward.....you inflate or die. Period. Think of musical chairs. You have to keep adding "music" so people never need to "sit down on chairs that are not there". Stop the giveaways and you crash the dollar overnight.....keep it going and you buy time. System is dumb but printing at this point is not dumb. Its necessary.
That and corporations blaming inflation... meanwhile hiking prices higher than inflation to make extra profits. 📈
Idk, I am a drivers helper for UPS.. it seems to me that most people are not struggling that badly.. lots of online shopping. We just dleivered things like a "bark box" to a mobile home park lol
If you don’t think bringing in 15 million people makes rent, food, gas… go up your in denial!
Taxes are ridiculous, corporations are greedy, bills continue to increase with stupid fees & government don’t care about their own country so they send money to other countries SMH ! The rich continue to get rich and the poor stay poor!
what was a normal life back 100 years ago? There are good times and bad, house of cards could come crashing down.
My mortgage payment is 1100 dollars a month and iam single.
Single father living on 45k a year...1/3 of my total income. People can live on less, they just need to say "no" to more
Just joined the Alemio community, and I’m already impressed by how active and supportive everyone is. This project feels special.
what happens when apartments price out all their tenants will prices go down is the question or will they get bail outs
printing money is not the main contributor to inflation...
price gauging is.
speculative investing.
harvesting future profits of our children to fund current billionaires.
We got evicted back in 2015 there is no help for people to pay rent anywhere i looked luckily we had family we could live with
It is possible that the Fed continues to lower the Fed Funds Rate because the interest payment on the National debt continues to rise as the national debt does. Lower rates decreases this payment which is now tha second highest line/expense item on the Federal budget after Social Security/Welfare. The interest payment on the National debt has now surpassed National Defense spending…… the government will continue to do what is in THEIR best interest. It could be argued also that Powell already knows that the debt will increase along with inflation once import tariffs are instituted….could be wrong tho…
My parent's are well off boomers cuz they got government jobs wit pensions back in the late 60s when they graduated high school so when they retired they still get raises every year wit the government pensions an so they fine homes paid off cars paid off but my mom is always saying she dont see how normal people are doing it now a days an she cant see how other people are getting buy
Everyone griping about not being able to live, but everyone has credit cards, high car payments, buy whatever they want, and NO ONE BUDGETS! they just piss and moan instead of doing something.
How do you start with crypto?
*This administration has no idea how people are suffering, things are getting so much harder we can't take it no more. A lot of people are financially struggling to put food on the table and a roof over their head, I appreciate your advice Peggy Dawsons. Imagine I invested $2,000 and got $10,600.*
I appreciate it. I will never forget this administration putting many people and families into difficult situations. Peggy Dawsons investment helps me also.
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
l started my investment with $2,000, a week later , we had grown to $10,500. this man!! absolute genius.
So there are people who don't know about Peggy Dawsons???
She’s really trustworthy and reliable and as one of her beneficiaries I can tell you that this opportunity comes only once in a while. Make use of it immediately
Same here though l started with as Low as $1,000 actually because it was my first time and it was successful she's a great personality in the state
17:20 exactly this is happening in Texas
They choose to waste all their money then complain they have no money
the car companies are going bankrupt, so maybe that's why we're cutting rates
Just got my $ALM tokens, and honestly, the presale process was smoother than I expected. Can’t wait to see Alemio launch!