SHOCKING: The New Middle Class Income In 2024

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  • เผยแพร่เมื่อ 28 ธ.ค. 2023
  • SHOCKING: The New Middle Class Income In 2024
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    SOURCES:
    www.gobankingrates.com/money/...
    www.redfin.com/news/redfin-re...
    time.com/personal-finance/art...
    money.usnews.com/money/person...
    www.nerdwallet.com/article/lo...
    www.pewresearch.org/short-rea...
    / fmsmith319
    / sambucha
    *None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

ความคิดเห็น • 985

  • @freakoftechno13
    @freakoftechno13 6 หลายเดือนก่อน +382

    As a kid, I thought $100k was the max you could make. Or at least that's it, you've "made it." Now it feels like that's the base amount to exist

    • @dm96177
      @dm96177 6 หลายเดือนก่อน +42

      Totally. After a few years of working I broke 100k last year and now I’m feeling like I need to make 150k to have the lifestyle I dreamt up in my head. Nevertheless, I am grateful and need to take a step back and stop wanting so much I guess.

    • @starspaceschool587
      @starspaceschool587 6 หลายเดือนก่อน +42

      I’ve made way less than $100k and way more than $100k. It’s pretty easy to exist on $40k/year. Most people have more spending problems than they do earning problems.

    • @9libertybell
      @9libertybell 6 หลายเดือนก่อน

      @@dm96177, the government taxes hard, especially if you got zero dependents to claim.

    • @MsKateC2K
      @MsKateC2K 6 หลายเดือนก่อน +5

      @@starspaceschool587 definitely lifestyle creep is very real the more you make

    • @aaronvoss38
      @aaronvoss38 6 หลายเดือนก่อน +10

      @@starspaceschool587 It's not very easy to exist on 40k a year unless you have friends or family. Or want to live in an area where you get shot at everyday on your way to work.

  • @TheJimmy144
    @TheJimmy144 6 หลายเดือนก่อน +250

    The new symbol of wealth is no longer having that extra car or a vacation cabin. It's being able to have kids.

    • @sarahfranco6802
      @sarahfranco6802 6 หลายเดือนก่อน +4

      Literally

    • @mida8261
      @mida8261 6 หลายเดือนก่อน +26

      Where I live that's definitely the case. I know very few people in their 20s and early 30s with kids. The ones that do are either from wealthy backgrounds or are on government assistance. No one in between is having kids.

    • @user-xm3wd8tz6d
      @user-xm3wd8tz6d 6 หลายเดือนก่อน +6

      I wish more people would say this. I have tried to have kids naturally. I can’t and I can’t afford treatments or adoption because those are crazy expensive. Our friends were trying to get people to donate 60k to them so they can adopt from overseas. That is nuts!

    • @KitaTaki-mk3gt
      @KitaTaki-mk3gt 5 หลายเดือนก่อน +5

      Or the reverse: a sign of poverty …

    • @CoryASMR
      @CoryASMR 5 หลายเดือนก่อน +1

      It is being being able to have kids with a decent living.

  • @jakejrly1508
    @jakejrly1508 6 หลายเดือนก่อน +97

    $74k is homeless living in California whether you try to rent or dream of buying a home. The middle class is dead due to inflation and housing affordability.

    • @kennygsmooth83
      @kennygsmooth83 6 หลายเดือนก่อน +6

      💯

    • @pearla4731
      @pearla4731 5 หลายเดือนก่อน

      No it is not. Just be better at budgeting. Don’t eat out. Get rid of the car if needed, you will be fine.

    • @KEP1983
      @KEP1983 4 หลายเดือนก่อน +6

      @@pearla4731 get rid of the car in California? lol. ok.

    • @dominosnostradamus2415
      @dominosnostradamus2415 2 หลายเดือนก่อน

      They need to get corporations out of single family homes

  • @lisaburke7506
    @lisaburke7506 6 หลายเดือนก่อน +253

    I ran the numbers last year when my husband went on sabbatical and learned we would only need an income of $80k/year to support us both in our current lifestyle. We rent in midsize a New England city, but I ran the numbers again because we do want to be homeowners and realized our base costs would require a minimum household income of ~$98k/year. A mortgage in our area is actually more expensive than what we pay in rent, plus maintenance fund, plus increased utilities. I really do think that "the powers that be" are trying to create a renter nation.

    • @davidknightx
      @davidknightx 6 หลายเดือนก่อน +27

      Of course. When you own, the wealthy of the home is in your pocket. When you rent, the wealth is in oligarchs pocket...for the rest of your life.

    • @rangerdoc1029
      @rangerdoc1029 6 หลายเดือนก่อน +30

      "you will own nothing & you'll like it" -Klaus

    • @rangerdoc1029
      @rangerdoc1029 6 หลายเดือนก่อน +9

      ​@@davidknightxhaha. That's an illusion. Very few people manage to capitalize on that "wealth". It's just a ploy to make people feel rich.

    • @rayzerot
      @rayzerot 6 หลายเดือนก่อน +7

      ​@@rangerdoc1029 I'm rich! Do you accept payments in portions of front porch?

    • @speculative
      @speculative 6 หลายเดือนก่อน +5

      ​@@rayzerotHave you seen lumber prices during the pandemic? Your front porch is probably priceless!

  • @jordanmartin2365
    @jordanmartin2365 6 หลายเดือนก่อน +170

    Wife & I make 130K together - I personally think its crazy for anyone with a similar income to own a 400K home - In our opinion based off where we live 250-325K will get you a nice home in a nice neighborhood that has 3+ bed & 2+ baths - but like Andrei said its all based off opinion
    Also having Kids is crazy expensive - half our budget goes to day care food clothes etc - Forget owning a home - This country is making it so hard for the average person to have a family let alone a home

    • @danelston9317
      @danelston9317 6 หลายเดือนก่อน +7

      Make a similar amount but in a VHOCL area. Not sure if we will ever own a home which is depressing. Many of my friends are questioning whether they can ever afford a family.

    • @rangerdoc1029
      @rangerdoc1029 6 หลายเดือนก่อน +11

      I make a similar amount in a very LCOL area. Very hard to find a half decent home under $300k.

    • @aahsimovieprojects
      @aahsimovieprojects 6 หลายเดือนก่อน +10

      Median homes in my neighborhood used to sell for 250-300k in 2016, now those same homes are on the market for 700-900k. Basically impossible.

    • @paraax
      @paraax 6 หลายเดือนก่อน +4

      Interesting seeing something around my salary have such a different result. Single income, kids but never had child care since my wife worked only occasionally. Clothes are cheap (thrift largely), food was our weakness but didn't eat more than $800 of the budget.
      Most expensive house was $600k but we worked up to that and are now moving back down the expensive house ladder. All depends on where you choose to live and waiting to upgrade until you could afford it. Also not trying to buy things new. I drove garbage vehicles until recently.

    • @fatmanmillionaire3318
      @fatmanmillionaire3318 6 หลายเดือนก่อน +2

      Make almost the same. Syracuse NY. It's absolutely ridiculous

  • @user-we9zz9ur1w
    @user-we9zz9ur1w 6 หลายเดือนก่อน +72

    Prior covid, in most places , $50-60 k a year was a nice wage..

    • @TheHamgamer
      @TheHamgamer 6 หลายเดือนก่อน +15

      I can certainly feel the difference in a 4 year timespan.

    • @user-we9zz9ur1w
      @user-we9zz9ur1w 6 หลายเดือนก่อน +10

      @@TheHamgamer almost as if Covid was a speed run of us entering a digital age..

    • @carryeveryday910
      @carryeveryday910 6 หลายเดือนก่อน

      It still is lol you just need more if you really want to live comfortably and have a family/home etc

    • @durhrhrhrur
      @durhrhrhrur 6 หลายเดือนก่อน +4

      Groceries, rent, energy all went up like 40% since then. Those $1200 stimulus checks cost everyone like 5-10 K a year.

    • @MrEOM41
      @MrEOM41 5 หลายเดือนก่อน

      Yup 👍🏽

  • @MisterKelisi
    @MisterKelisi 6 หลายเดือนก่อน +112

    Thank you for stating that you don’t need to own a home to become wealthy. I didn’t realize how badly I needed someone to say that.

    • @chadbailey7038
      @chadbailey7038 6 หลายเดือนก่อน +7

      Watch Grant Cardone’s content. He says that all the time. And also makes some great points as to why that’s true!

    • @centuryfreud
      @centuryfreud 6 หลายเดือนก่อน +11

      Respectfully disagree. Lock in a mortgage when rates are low.

    • @17h127
      @17h127 6 หลายเดือนก่อน +5

      Indeed. Home ownership is just one avenue to wealth. It's the most common, but certainly not the only means.

    • @rangerdoc1029
      @rangerdoc1029 6 หลายเดือนก่อน +10

      Home ownership is the new student loan scam. You're told it's an investment, yet you find it just keeps you in debt your whole life.

    • @rayzerot
      @rayzerot 6 หลายเดือนก่อน +5

      ​@@centuryfreudHaving buckets of money is separate from having a house. I know plenty of people who are house-poor and a whole building of rich renters

  • @LinedFury
    @LinedFury 6 หลายเดือนก่อน +72

    Andrei acting like he’s middle class when he’s a millionaire is funny

    • @BF1GUN
      @BF1GUN 6 หลายเดือนก่อน +10

      Do you think all millionaires are upper class?
      Many millionaires wouldn’t even be accepted by upper class, and many working class are millionaires by virtue of their property.

    • @LinedFury
      @LinedFury 6 หลายเดือนก่อน +23

      @@BF1GUN he makes in excess of a $ 1 million dollars per year via youtube. Graham stephan makes 5m+ a year and is a similar level creator. Stop simping

    • @BF1GUN
      @BF1GUN 6 หลายเดือนก่อน +2

      @@LinedFury So what? Why does it bother you?

    • @riverraven7359
      @riverraven7359 6 หลายเดือนก่อน +20

      Millionaires are by definition NOT middle class.

    • @angelasoWA
      @angelasoWA 6 หลายเดือนก่อน +2

      Not true, if you are retired and worked a regular job, saved really well, you can still be middle class.

  • @cashflow68
    @cashflow68 6 หลายเดือนก่อน +9

    Andrei you are an inspiration to watch. This is coming from a millionaire next door approaching 70. Keep up the great content and happy new year and wish you much success going forward.

  • @chrismktgpsu
    @chrismktgpsu 6 หลายเดือนก่อน +58

    FYI $500-600 a month grocery bill for a single individual is VERY realistic now due to huge price increases the last year (unless someone eats only rive, beans, and no protein).

    • @donaldlyons17
      @donaldlyons17 6 หลายเดือนก่อน +2

      Yeah even 15 years ago $125 was my budget yet I only at Kool-Aid, Sugar, Spaghetti Sauce and Noodles and Vitamins as staples!!!! So today it would likely cost about $200 minimum if not more for all the same stuff!!!

    • @VioletEmerald
      @VioletEmerald 6 หลายเดือนก่อน +8

      ​@donaldlyons17 If you work hard to budget you can spend $250/ month on the grocery store as a single individual in the wealthy suburb of Washington DC I live in. But it's hard to keep it that low. $350 is much more comfortable. $600 though that's... a lot of waste or something. Idk how a single person would spend that much on groceries. Combining in restaurant food sure it's easy to surpass that though

    • @chrismktgpsu
      @chrismktgpsu 6 หลายเดือนก่อน +4

      ​@@VioletEmerald depends what your diet and caloric intake needs are. For a smaller female frame I could see possibly $350 being reasonable however adding an extra thousand calories per day for a male physique means increasing that dollar amount by roughly 1.5× (also usually more protein = $$).

    • @donaldlyons17
      @donaldlyons17 6 หลายเดือนก่อน

      @@VioletEmerald I don't know but I used to budget $125 a month for food in 2009!!!!

    • @saraj.6978
      @saraj.6978 6 หลายเดือนก่อน +1

      Much like everyone else is saying here, it’s highly dependent on a lot of factors. I live in a medium-cost area in the Rust Belt and I’m able to keep my grocery spending monthly as a single woman to about $200/mo minimum if I’m frugal, $300/mo if I’m being more lavish. Most rents in my area are above $1200/mo for context.
      I focus on staples and get creative with spices and making sure I use everything before I buy something else.

  • @yelnatsch517
    @yelnatsch517 6 หลายเดือนก่อน +27

    If we use this formula, with average home prices in CA being $1M, middle class would be $258k/yr. This actually sounds fairly accurate, surprisingly.

    • @magicprincesslive
      @magicprincesslive 6 หลายเดือนก่อน +8

      Where I live (San Francisco), you are considered "low income" if your yearly individual income is $104k or lower 😭

    • @rubyjimenez8734
      @rubyjimenez8734 6 หลายเดือนก่อน

      That’s correct, in California household income of at least 258k is needed. I live with my boyfriend and with both of our incomes we are considered middle class. We are able to vacation but I don’t know how in the world we are supposed to afford children or a wedding 😂 We are going to have to stop vacationing.

  • @VL-OGZ.
    @VL-OGZ. 6 หลายเดือนก่อน +23

    I truly understood what you were trying to say 😢 ! You were really inspired to inspire those who truly want to live their best life within their economic means of living and to seek happiness without being in debt and truly live life with what they can afford. Like they say: We want champagne money when we are living in a beer budget. 😂❤ Love ya Andrei!!! Thanks for inspiring all of us!

  • @jonathanrosado8874
    @jonathanrosado8874 6 หลายเดือนก่อน +37

    “Those making 200k make bad choices like staying in high cost of living cities.”
    Did it ever occur to you that the 200k salary is location dependent?

    • @Edward_Williams
      @Edward_Williams 3 หลายเดือนก่อน +3

      Correct. Where I live now in the south, making just slightly over 100k is comparable to making about 200k in San Francisco.

  • @TradedeValor
    @TradedeValor 6 หลายเดือนก่อน +6

    Very good content. Thanks for sharing your thoughts with us Andrei. Watching you from Brazil

  • @allthingsnu4673
    @allthingsnu4673 6 หลายเดือนก่อน +53

    My parents bought their house around 1967 for $10k and I bought my house in the same neighborhood for $76k in 2004. I’m single, was making maybe $50k at the time I bought my house, and bought what I could afford. It wasn’t my dream house, but I’m very glad I bought it because it is paid off now. Andrei mentioned how some of us chase after the things everyone else is chasing after. That is key. Most of the time, people want what is new and what their peers have or want. If you can do your own thing, you may just come out better for it.

    • @rayparas2974
      @rayparas2974 6 หลายเดือนก่อน +2

      possibly the most sensible post here

    • @stk_n_chill
      @stk_n_chill 6 หลายเดือนก่อน

      How much is that house worth now?

    • @allthingsnu4673
      @allthingsnu4673 6 หลายเดือนก่อน +1

      @@stk_n_chill My parents' house is worth $157k now and mine is worth $158.8k.

    • @Commonsenseisnotcommon8
      @Commonsenseisnotcommon8 5 หลายเดือนก่อน +1

      Where do you live though? Because I can not imagine a neighborhood where a house is only 160k nowadays. Is it safe? Are there things to do around you? Do you have to own a car? What’s the social life/community like?

  • @mo_buka
    @mo_buka 6 หลายเดือนก่อน +7

    Thank you for being part of my learning and development journey in 2023! For sure I’ve captured a lot of useful tips and tricks about life and financials ❤ .. Keep it up Andrew 💪🏽

    • @VanessWildTrader
      @VanessWildTrader 6 หลายเดือนก่อน +1

      Happy new year to you too xP

  • @MonteHayTheMotivator
    @MonteHayTheMotivator 6 หลายเดือนก่อน +16

    BOOM! Absolutely incredible video to assist in planning out 2024. God bless you brother!!

    • @janisliepins
      @janisliepins 6 หลายเดือนก่อน

      It is going in wide steps to Worlds Economics Forums agenda: "U will own nothing but will be happy" rent rent rent.. and all your money goes to mega institutional share holders as Blackstone what is owned by Blackrock and Vanguard.. who are buying out living fund.. hundreds of thousands of homes ...

  • @themachine8009
    @themachine8009 6 หลายเดือนก่อน +35

    In the USA I’ve met lots of ppl that call themselves middle class and they can barely pay their bills

  • @sapinva
    @sapinva 6 หลายเดือนก่อน +5

    Stay for the Buffett impersonations. The magic tricks are ok too.

  • @pjay1233
    @pjay1233 6 หลายเดือนก่อน +1

    Legit needed to rewind and slo-mo!!! Another banger! Here's to a year of good choices. Thanks Dre!

  • @AllySheehan
    @AllySheehan 6 หลายเดือนก่อน +62

    Andrei I want to thank you (for the 100th time) for your videos. Even when the information is scary, the way you present it is so digestible and somehow, comforting. Coming from someone who knows nothing at all about investing or money, your content is something I thoroughly enjoy and look forward to learning from. Here's to more in 2024!

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน +5

      Thanks Ally! You're too kind, appreciate you! 2024 here we gooooo

  • @starvemarve5530
    @starvemarve5530 6 หลายเดือนก่อน +28

    I needed that reality check. A lot of us have a bad habit of moving the goal line. We need to appreciate what we have and not window shop for everyone else's life style.

  • @miriamstrauss
    @miriamstrauss 6 หลายเดือนก่อน +17

    The people who make 10K a year, but consider themselves "upper class" are probably people who don't need to work because their parents pay for everything/they come from wealth!

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน +4

      Yea I was thinking the same, most likely living from their passive income / investments!

    • @miriamstrauss
      @miriamstrauss 6 หลายเดือนก่อน +2

      @@AndreiJikh yes! I guess that also could be people in retirement, etc.

    • @MAfanwoods37
      @MAfanwoods37 2 หลายเดือนก่อน

      Or welfare

  • @XennialGuy
    @XennialGuy 6 หลายเดือนก่อน +3

    That was not a card in the Ziploc bag. Just two parts of a card that are hiding under the white strips.

  • @tomkutter3592
    @tomkutter3592 6 หลายเดือนก่อน +189

    My favorite part of your video is where you talk about where you and your family came from and what inspired you to learn. So much of financial skills comes down to people’s behavior and choices. I’m glad you read and studied and it’s paying off for you.

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน +11

      thank you :)

    • @Earthly_Being
      @Earthly_Being 6 หลายเดือนก่อน

      Are these paid comments?

    • @tomkutter3592
      @tomkutter3592 6 หลายเดือนก่อน +4

      @@Earthly_Being ha! I wish! No, this is the first time I’ve commented on one of his videos. I like the more personal comments he made which is why I said what I did.

    • @donaldlyons17
      @donaldlyons17 6 หลายเดือนก่อน +1

      Well did you ever see his numbers on average so you can decide if it was behavior or math that got him to where he is now? You should also question how something worked by asking for rough numbers to see the truth because as long as they "talk" it could be anything behind it. NUMBERS DON"T LIE AND HE NEVER SHOWED HIS NUMBERS ON AVERAGE!!!! For example I averaged 4K to 6K per year excess over a 5 year period BUT I owed 35K from before. Notice I am showing you the math but a ever better way to make everything clear: 14K for everything 20K net after tax income (Year). It does not have to be super accurate but notice as far as I am aware he never published something similar!!!!!

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน +8

      My earlier videos show all the numbers and math. Started saving in 2012, by 2014 I had 30k saved up, then I saved 50% of my 50k a year income for 4 more years, that turned to about $200k by 2019, that’s when I started TH-cam :)

  • @gliver2549
    @gliver2549 6 หลายเดือนก่อน +44

    It depends on where you live and cost of living, making 50k in mississipi is considered upper middle class cause cost of living is low. Just as making 100k in san jose is considered poverty level and allows you to get food stamps.

    • @donaldlyons17
      @donaldlyons17 6 หลายเดือนก่อน +1

      Yeah as normal he doses not talk about differences in buying power given locaiton and other factors.

    • @mmmd3429
      @mmmd3429 6 หลายเดือนก่อน +2

      $50k in what area of Mississippi? Hopefully saving some for retirement.

    • @Developer888
      @Developer888 6 หลายเดือนก่อน +4

      i doubt it, the median income in mississippi is $42k

    • @gliver2549
      @gliver2549 6 หลายเดือนก่อน

      @@Developer888 that's above median

  • @saulmoreno3252
    @saulmoreno3252 6 หลายเดือนก่อน +2

    That ending was and is perfect! Definitely sharing with my loved ones

  • @mrlifecrush
    @mrlifecrush 6 หลายเดือนก่อน +2

    Love the video very informative and funny Warren’s buffet impression he is the top G.

  • @nopenope1454
    @nopenope1454 6 หลายเดือนก่อน +29

    I like how in that breakdown the guy doesn't even consider that taxes have eaten the leftover money

  • @pietrobartalotta7865
    @pietrobartalotta7865 6 หลายเดือนก่อน +9

    Happy new year and thanks for your magic videos! Do not stop!

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน

      I'll keep trying, thank you!

  • @markferrell2269
    @markferrell2269 6 หลายเดือนก่อน +13

    I don't understand why anyone who's a multi millionaire would still live in America at this point it's obvious where this country is going and how hard things are going to be going forward

    • @norwegianblue2017
      @norwegianblue2017 หลายเดือนก่อน

      Where are you going to go? The whole western world is in decline. Japan and Korea are both going to be in crisis just because of their shockingly low birth rates.

  • @samholden44
    @samholden44 6 หลายเดือนก่อน

    Thank you andrei your truly an inspiration for so many people i hope you continue to shine your light and hard work for us in 2024🎉🎉🎉 happy new year from alaska

  • @AC-gp7kf
    @AC-gp7kf 6 หลายเดือนก่อน +28

    I’m a single person no kids and I get ZERO back on taxes. 3-4 years ago I’d get like 2,000 dollars back. It was always something I looked forward to and now the last several years my taxes (done professionally) are always perfect. I don’t owe and i don’t get anything back . What the actual F, America.

    • @MrGinga85
      @MrGinga85 5 หลายเดือนก่อน

      Getting taxes back just means you paid too much... The government isn't giving you money when you get a refund it was yours in the first place.

    • @cherylallis2458
      @cherylallis2458 5 หลายเดือนก่อน +3

      What you get back after filing your taxes depends on how much of your income was withheld compared to how much tax you need to pay for the year.
      If you want a check after filing taxes, ask your employer to withhold more money from your paycheck.

    • @janellet1556
      @janellet1556 5 หลายเดือนก่อน

      You know also the tax percentages haven’t increased either? Biden actually expanded the salary ranges within the lower tax brackets due to inflation. Tax rates are at a historical low. The amount you got back is based on how much withheld, not any change from government tax brackets. Also, it’s better to owe or not get anything back. If you’re getting a large refund, that was essentially an interest free loan to the government and those are funds that you could’ve otherwise invested throughout the year

  • @auntlynnonline6206
    @auntlynnonline6206 6 หลายเดือนก่อน +8

    Happy New Year, Andrei! I'm wishing you a 2024 full of Peace, Joy, and Abundance. 🎉🥳🎉

  • @dafuzze3
    @dafuzze3 6 หลายเดือนก่อน

    Bro, I'm not gonn say I'm the best at measuring character.... from I've been watching you, you have been so genuine. I love it. Thank u for all your words of wisdom.

  • @byronrivera87
    @byronrivera87 6 หลายเดือนก่อน +2

    The beginning part of the video was GOLDEN! 😂

  • @toogood4t.v.498
    @toogood4t.v.498 6 หลายเดือนก่อน +4

    Man I watch your videos all the time 2020 was great year cause of you so thank you for that I'm definitely hoping to make some changes it's not easy but we can do it if you truly want it anything is possible hope we all have great year because it's not easy out here but please don't give up happy new years

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน +1

      Happy new year!

    • @carsonrogers5996
      @carsonrogers5996 6 หลายเดือนก่อน

      *private mortgage insurance

  • @JimmyHuynhdesign
    @JimmyHuynhdesign 6 หลายเดือนก่อน +9

    When I was a kid I always thought we were middle class. Now looking back I recognize we were definitely lower class.

  • @LloydDewolf
    @LloydDewolf 6 หลายเดือนก่อน +1

    Do you have data on how salaries increase with years in a role? Is there reason for hope? It seems these conversations need to be anchored for each age group too.

  • @alexdixon5037
    @alexdixon5037 6 หลายเดือนก่อน +1

    I audibly laughed at the buffet quote.
    I “stay for the” several reasons but buffet impressions are one of the top ones 😂

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน

      haha thank you!

  • @andy2445
    @andy2445 6 หลายเดือนก่อน +5

    Where you came from makes a huge difference like you said. He was not only lucky to be born in the US but to have a father that was a senator.

  • @beastman997
    @beastman997 6 หลายเดือนก่อน +2

    middle class is so broadly defined because they people who are upper middle class or above have a bad habit of becoming more in debt, therefore they never truly move up the scale.

  • @paulaxel8035
    @paulaxel8035 6 หลายเดือนก่อน +2

    Not sure if anyone has any opinions on LTCN or BCHG for crypto funds going into 2024-25

  • @billymasters745
    @billymasters745 6 หลายเดือนก่อน +1

    I totally went back to the beginning of the video to see where that jack of clubs went....and failed. I don't watch this channel for the magic tricks, but I'm not going to lie, I always look forward to seeing them! Great content Andrei!

    • @light0000
      @light0000 6 หลายเดือนก่อน +1

      Agreed. Same here🍻

  • @KierzolSLU
    @KierzolSLU 6 หลายเดือนก่อน +3

    I've ask myself on start of my life journey do I prefer invest my savings and afford house/flat without credit, or waste all of my savings on 30 year credit and struggle in that time and save much, much less in that time by investing. Answer woes simple and now i'm renting living with peace in my mind, plus doubling my savings year on year. Very good video my friend. Greetings from Poland. 💪

  • @dejonmcclellan2345
    @dejonmcclellan2345 6 หลายเดือนก่อน +6

    $300-$500 isn’t enough for one person for a months worth of good imo. Great video. Great breakdown like always

  • @Beveragedept
    @Beveragedept 6 หลายเดือนก่อน +2

    Good choices 🙏🏻 you’re a good man sir. All the best in 2024 !

  • @ryanraines1469
    @ryanraines1469 6 หลายเดือนก่อน +1

    Buffet impression 😂

  • @bohan9957
    @bohan9957 6 หลายเดือนก่อน +19

    $250K is the new $100K

  • @ourhouse
    @ourhouse 6 หลายเดือนก่อน +4

    This was such a great video, thank you!

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน

      You are so welcome!

  • @ryanetherton
    @ryanetherton 6 หลายเดือนก่อน +2

    Proud of Alex for making it to the point where he is being listed among those names. Such a cool dude

  • @stangraff800
    @stangraff800 6 หลายเดือนก่อน

    I actually wanted to see if you would show how you did that disappearing card trick. ???

  • @leonhenry4478
    @leonhenry4478 6 หลายเดือนก่อน +3

    The most prestigious school of economics: Tik tok. I'm dead 😂

  • @Keepswimmingkeepswimming
    @Keepswimmingkeepswimming 6 หลายเดือนก่อน +11

    I’m single I barely eat at restaurants and I don’t buy a lot of groceries and I’m currently temporarily located in a “affordable red southern state” my groceries are easily 750 a month. I spend about 200 on coffee and takeout.

    • @JB-gz2vu
      @JB-gz2vu 6 หลายเดือนก่อน +4

      This can’t be real. I’m in Michigan with a family of four which includes two teenage sons and my wife and I. We spend right around $1000/month on groceries and all household supplies. Add maybe another $100/month on eating away from home. Not sure how a single person could spend $950

    • @acidlaek
      @acidlaek 6 หลายเดือนก่อน +1

      I found my twin or doppelgänger. This is exactly what I am seeing and the budget for take out is the same

  • @waynemay7327
    @waynemay7327 6 หลายเดือนก่อน +2

    All the best for 2024 Andrei.

  • @ThePaddy48
    @ThePaddy48 6 หลายเดือนก่อน

    You're right. I slowed it down and still have no clue how you did that

  • @GAZZZA19790
    @GAZZZA19790 6 หลายเดือนก่อน +8

    I read an article earlier this week here in Australia which stated that lower upper class starts around $303k per person

    • @r.brooks5287
      @r.brooks5287 6 หลายเดือนก่อน

      Is your class system based just on income like the US then? Ours (UK) is still heavily based on attitude and background.

  • @just_another_bot0110
    @just_another_bot0110 6 หลายเดือนก่อน +4

    I tell everyone I'm part of the upper Lower Class. I have a high networth compared to my friends by a large margin but I make less than the median income here in the top 10 most expensive city 😅

  • @rangerdoc1029
    @rangerdoc1029 6 หลายเดือนก่อน +1

    I keep gaining yardage, but the goalposts just keep getting farther away.

  • @michellecelesteNW
    @michellecelesteNW 6 หลายเดือนก่อน

    Straight up; head desk slam with this Buffet impression this time. luvs

  • @TrangPhan77
    @TrangPhan77 6 หลายเดือนก่อน +6

    Always enjoy your video. Thank you for your great work 👍💪🙏

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน

      Glad you enjoy it!

  • @randygip5276
    @randygip5276 6 หลายเดือนก่อน +32

    live below your means and delayed gratification is the mantra

  • @cac3r
    @cac3r 6 หลายเดือนก่อน +2

    Happy New Year, Andrei. Looking forward to your videos in 2024.

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน

      Happy new year! Thank you :D

  • @eles1089
    @eles1089 6 หลายเดือนก่อน

    If you were in Texas would you consider building duplexes right now ? I need advice I’m new to the investment side of realstate

  • @thekingspin9846
    @thekingspin9846 6 หลายเดือนก่อน +22

    180k salary needed to qualify for a loan for the average house in Australia and the population ponzi keeps pushing it up. Looking like 10 per house will be the new first world standard....the great reset?

    • @PleasePaintHighElves
      @PleasePaintHighElves 6 หลายเดือนก่อน

      Lmao what. Yes our house prices everywhere is stupidly expensive. Your probs talking about sydney. I just bought a house in canberra for 700k ezpz.

    • @DDHDTV
      @DDHDTV 6 หลายเดือนก่อน +4

      180k AUD is 122k USD if anybody was wondering

    • @thekingspin9846
      @thekingspin9846 6 หลายเดือนก่อน

      @@PleasePaintHighElves Check the news article 'Startling proof Australia is totally stuffed' this month where they mention 180k is the average

    • @PleasePaintHighElves
      @PleasePaintHighElves 6 หลายเดือนก่อน

      @@thekingspin9846 don't always trust the news mate. But even if that's the case. Most people are close to that as couples. If it's single well yeah it's been that way for like ever.

    • @thekingspin9846
      @thekingspin9846 6 หลายเดือนก่อน

      @@PleasePaintHighElves Mate I never trust the news but this data is easy to find.....Average house
      $926,899
      salary = $182,434
      Average unit
      $659,130
      salary = $129,731
      Analysis of CoreLogic data. Calculations based on the average variable home loan interest rate, a 80% loan-to-value ratio with a 20% deposit, and 30% of gross income as the threshold for mortgage stress.

  • @hermanparisius2828
    @hermanparisius2828 6 หลายเดือนก่อน +49

    Great video Andrej. I can relate to you. I am from Holland and the Dutch are known for being frugal. In 1995 I came to this country with no penny to my name. My wife and I started working as physical therapists for 18 $ an hour. We bought our house five years later and paid it of within 10 years. I religiously pay towards my 401k the max amount. We didn’t care what class we were in but our two kids have no college debt and graduated without going to fancy universities.The secret to building wealth is to have no debt. Pay off credit cards, pay off your house as quick as possible, stay away from fancy colleges and don’t keep up with the Joneses.

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน +7

      Totally agree, thank you for sharing, good job on avoiding debt!

    • @light0000
      @light0000 6 หลายเดือนก่อน +7

      Staying away from the Jones is def the best advice❤

    • @kristine7304
      @kristine7304 6 หลายเดือนก่อน +2

      That is the best advice.

  • @JoseMorales-vw4qf
    @JoseMorales-vw4qf 6 หลายเดือนก่อน +1

    Well said...our actions today = our results tomorrow.

  • @XInfinity2024
    @XInfinity2024 6 หลายเดือนก่อน

    I listened to you and gone back to the beginning of the video and saw how it was done in slow motion.

  • @fwfeo
    @fwfeo 6 หลายเดือนก่อน +3

    8:40 how does middle class status which is an economic marker for standard of living related to mindset of the people?
    If you can afford a car and a house and a vacation on your income, then you’re by sold metrics in middle class.
    It doesn’t matter if you’re a panhandler who believes he is a middle class person…
    I don’t get that argument.

  • @youtubesucks8024
    @youtubesucks8024 6 หลายเดือนก่อน +3

    Everything sucks I’m sick of this place

  • @sciascia66
    @sciascia66 6 หลายเดือนก่อน

    , I would like to thank you for your videos. They have been very inspiring. I have learned a lot from you. Best wishes in 2024.

  • @robertwood5023
    @robertwood5023 6 หลายเดือนก่อน +2

    Thank you Andrei!

  • @CharlieO77
    @CharlieO77 6 หลายเดือนก่อน +6

    I just came to comment that if 130k is middle class then I don’t think I even qualify for extreme poverty 💀

  • @nanostar6138
    @nanostar6138 6 หลายเดือนก่อน +5

    It’s now easier than ever to start your own company and take on a larger share of economic risk and reward. If you don’t start your own thing it’s going to be real hard to break out of middle class through wage alone.

    • @Vospader21
      @Vospader21 6 หลายเดือนก่อน +1

      That’s not realistic for everyone.

  • @arielrglaze
    @arielrglaze 6 หลายเดือนก่อน

    Too late, I still can't figure out how it was done.

  • @saraaguila9017
    @saraaguila9017 6 หลายเดือนก่อน

    Had a hard time focusing because of the computer screen reflection in your glasses. It was very distracting, but you have good content.

  • @MegaLokopo
    @MegaLokopo 6 หลายเดือนก่อน +5

    Renting gives you the flexibility to move to a new job once a year allowing your wage to grow. Your company won't be loyal to you so why should you be loyal to them, especially with any tip based job.

  • @livelaughlakers
    @livelaughlakers 6 หลายเดือนก่อน +28

    This man will do anything to add in a Warren Buffet impression

  • @tarlan1985
    @tarlan1985 6 หลายเดือนก่อน +1

    the last minute of the video was fantastic and inspiring. Thank you for that.

    • @VanessWildTrader
      @VanessWildTrader 6 หลายเดือนก่อน

      The last minute of the video was like the Bababooey sound effect.

  • @mamandapanda185
    @mamandapanda185 6 หลายเดือนก่อน +2

    Your audio is so buttery

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน +1

      I love butter

  • @Chew5219
    @Chew5219 6 หลายเดือนก่อน +14

    According to the US census bureau, the US is expected to have a net 1.4 million increase in population in 2024. This factors in birth rates, death rates, and net migration. Where are these people going to live? There's already a housing shortage.

    • @delverdesol
      @delverdesol 6 หลายเดือนก่อน +4

      only 1.4 million increase?? That's nothing. In fact, we should be grateful for the population growth. Look at Japan and most other first world countries in Europe. Many are having a population crises.

    • @ebmrules11
      @ebmrules11 6 หลายเดือนก่อน +4

      Jesus, barely 1.4 million?? We need to have more babies, this isn't good

    • @velvetstorm4563
      @velvetstorm4563 6 หลายเดือนก่อน +6

      ​@@ebmrules11 Have more babies? Most Americans are living paycheck to paycheck even the ones without children. Absolutely not.

    • @justin_4352
      @justin_4352 6 หลายเดือนก่อน

      new people are babies. I don't think babies will be kicking people out of housing...

    • @Chew5219
      @Chew5219 6 หลายเดือนก่อน +1

      @justin_4352 A vast majority of the expected increase in population is due to net migration. But, the current birth rate is higher than the death rate. Take a look at the Census Bureau data yourself.

  • @deleted01
    @deleted01 6 หลายเดือนก่อน +31

    Youth is the greatest wealth there ever is

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน +6

      I agree

    • @ravenrebel3183
      @ravenrebel3183 5 หลายเดือนก่อน +3

      Only if it’s paired with health-health is the REAL wealth, as a sickly youth isn’t a good thing.

    • @deleted01
      @deleted01 5 หลายเดือนก่อน +1

      @@ravenrebel3183 True. I think I kinda used "youth" and "health" synonymously.

  • @brynjolfurolafsson7496
    @brynjolfurolafsson7496 6 หลายเดือนก่อน

    I know exactly what happened to the card: It magically transformed into the upper part of the beard on your cheek. Pretty neat! 😂

  • @aaronsvendsen1938
    @aaronsvendsen1938 6 หลายเดือนก่อน

    Thumbs up for the Doc Brown impression

  • @2MANYCARS
    @2MANYCARS 6 หลายเดือนก่อน +3

    Yup, it's sad, and if you made that in NYC, you are considered doing only slightly better than poverty.....

  • @boondoggle4820
    @boondoggle4820 6 หลายเดือนก่อน +32

    If the person spending $300-$500 a month on groceries is also eating out, and the person who’s spending $600 a month is not eating out, then the person spending more on groceries may be spending less on food overall. I just know a lot of people who don’t spend much on groceries but who order takeout all the time.

    • @dextrome6593
      @dextrome6593 6 หลายเดือนก่อน +8

      Exactly, ain’t no one spending less than 400 a month on groceries, even if I made home cooked meals every day, that would be a 100$ haul every week. That statistic for groceries is bs

    • @rainbowssunshine9993
      @rainbowssunshine9993 6 หลายเดือนก่อน +2

      Yep that’s a great point. It’s not possible to spend that less money on groceries and then also NOT order take-out.

    • @acidlaek
      @acidlaek 6 หลายเดือนก่อน +5

      My grocery bill is like 800-700 a month

    • @ThruTheWire2
      @ThruTheWire2 6 หลายเดือนก่อน +3

      @@acidlaekwhat do u feed, a baseball team?

    • @acidlaek
      @acidlaek 6 หลายเดือนก่อน +4

      @@ThruTheWire2 literally that bad. I cook for myself every day so I can hit certain macros. In 2019 I was spending 400 a month on a Research assistant salary at university. The exact same stuff.

  • @matthewreinhardt501
    @matthewreinhardt501 5 หลายเดือนก่อน

    was that a doc from back to the future impression ? well done

  • @AceDriver2012
    @AceDriver2012 6 หลายเดือนก่อน +1

    They must be using rent and car payments for the statistics 📈. At slightly below six figures i would do perfect without a car payment or mortgage.

  • @miket.8289
    @miket.8289 6 หลายเดือนก่อน +32

    You're not just a magician, you're a gifted magical creator. Keep up the excellent work!

    • @AndreiJikh
      @AndreiJikh  6 หลายเดือนก่อน +3

      Thank you! See ya next year ! :D

  • @j10001
    @j10001 6 หลายเดือนก่อน +15

    Because the US is a big place, this conversation is pointless without localizing it. I appreciate that Andrei said location matters a lot (a couple of times around 5:00). In short, the income needed to be “middle class” or own a home etc is determined by the same three things that matter in real estate: _location, location, location._

  • @PhongNguyen-nz9kz
    @PhongNguyen-nz9kz 6 หลายเดือนก่อน

    Same, I made sure I learn about money.

  • @jasonmercado5167
    @jasonmercado5167 6 หลายเดือนก่อน

    Hey thank you for this video, kinda needed it crazy how accurate it was it my life

  • @fwfeo
    @fwfeo 6 หลายเดือนก่อน +7

    4:53 no!
    If you live in San Francisco or Honolulu or manhattan and do anything above minimum wage, it will be much higher wage than someone who works in West Virginia or a rural central location.
    Cost of living is 2x or more depending on where you live, so while 35k can get you by in half of the US, you’d be nearly homeless in expensive zip codes!
    I’d say 60k is the cheap half and 150k in expensive half for an individual yo be stepping into middle class!
    Middle class as you can save money, take vacation and some money left for hobbies and fun. European lifestyle would be middle class.
    If you have more than one foreign vacation and a luxury car and two houses, I’d say you’re going beyond middle class!

  • @daniellord-vera6987
    @daniellord-vera6987 6 หลายเดือนก่อน +13

    if you guys want to make a crash just stop buying anything

    • @NE0Nwhip
      @NE0Nwhip 6 หลายเดือนก่อน +1

      exactly. we can decrease inflation...

    • @TVHouseHistorian
      @TVHouseHistorian 6 หลายเดือนก่อน +1

      I actually really love that idea. Would only work if everyone was on board. Also, stop showing up for work 👌

    • @daniellord-vera6987
      @daniellord-vera6987 6 หลายเดือนก่อน +1

      @@TVHouseHistorian currently in my province of Canada there’s a strike for nurses and teachers and it’s messing up the whole system imagine if everyone from every sector of work did this it would restart everything and billionaires would loose a lot and governments as well forcing them to start everything over

    • @momsspaghetti4504
      @momsspaghetti4504 6 หลายเดือนก่อน

      So we all die? Or do you mean luxuries?

    • @daniellord-vera6987
      @daniellord-vera6987 6 หลายเดือนก่อน +1

      @@momsspaghetti4504 luxuries only so no over shopping, no splurging on non essentials food like groceries are ok just no restaurants, no events no shopping for clothes when you already have it and also if you really want to shake things up pull all your money out of your bank accounts

  • @rutvikbhatt2282
    @rutvikbhatt2282 6 หลายเดือนก่อน

    Happy Birthday Brother 🎂🎉
    Thank you for all that you do!! Enjoy!!

  • @hugoadame2317
    @hugoadame2317 6 หลายเดือนก่อน

    Happy New Year Andrei!! Thanks for all the content you put up and the occasional Yugioh references lol.

  • @ContrarianExpatriate
    @ContrarianExpatriate 6 หลายเดือนก่อน +13

    Depends on the region. But a single person with no children is always slaying it with a 130k level of income.

  • @spicychad55
    @spicychad55 6 หลายเดือนก่อน +6

    Housing costs have outpaced average wages for over 40 years. A bit late to the game, Andrei!

    • @novadhd
      @novadhd 6 หลายเดือนก่อน

      Yeah but only significantly in past few years

  • @epikthedawn_
    @epikthedawn_ 6 หลายเดือนก่อน

    Swaggidy Swag and Drippity Drip is CRAZY lol.

  • @jsullysdollarsandsense2632
    @jsullysdollarsandsense2632 6 หลายเดือนก่อน

    Very inspiring ending. Love you brother and wish you many blessings in 2024!