America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
Asking for advice or assistance from a consultant or investment coach is the best line of action if you lack market understanding. Even though it sounds cliche or apparent, talking to a consultant has helped me stay afloat in the market and increase my portfolio to roughly 65% since January 2023. That, in my opinion, is now the most successful strategy for entering the market.
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 ‘’AILEEN GERTRUDE TIPPY” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
the "cost of living" is subjective. if you are a worker and you choose to be a worker... time is always = to money. the less you work the lower income you get. and also, Oil prices goes up and down. gold prices goes up and down, everything in this world have their value goes up and down. even inflation goes up and down. but there is one type of value that never goes down because of it's nature. you know what it is? WAGE 😂😂😂😂😂😂 wage is a very sensitives topic by nature. and by nature.. it doesn't go down. and because of that.. it is also the last thing to increase. coz since it never goes down. the politicians and the economist should quadruple check so they won't regret it later. nobody dares to decrease wages... who would do that? unless you wanted you political career ends. 😂😂😂 not even China could do that.
It does but the Government steals it from you in the form of inflation. Easier to inflate than to go to the people and ask them for more taxes and to practise financial discipline. Corruption is the real crisis not the climate.
❤I only feel financially secure because i live at my parents house and they paid off their house they are debt free. They own their own land and house. My family is a multi generation home. My parents want my husband and our children to live with them forever and take care of them when they are elderly. It is the easiest way to live. No bills, no debt and family takes care of one another. ❤
Suuuure. You’ve been using your parents all this time. You live there now u dear the guise of them being elderly. You’re a leech and you’re trying to sugar coat it
It's the BEST way to live. Those with this option are forced into this position but with the right mindset it can be translated into a winning position.
Yes, do it. It takes a village. We can no longer live the so called American Dream. Don't fool yourself. Take good care of your extended family and share the current bills. Be grateful 🙏
I had to go to Ohio for my employer this fall. I decided to sleep overnight at the rest area because the cheapest room was 85 dollars. I couldn't believe how many homeless people are at the rest areas living in cars. And this was outside of Dayton Ohio. OMG.
The cost of living has increased by 50% within the last three years. My wife and I make triple the amount we earned in 2010 and we are still living at the same level. We haven’t been able to save money because the cost of living has increased by at least 40% or more. We need to get the inflation under control. The cost of food and housing is ridiculous expensive.
The first stimulus from trump was bad enough, once Biden was elected I started priming for HIGH inflation, even knowing high inflation was coming not that much you can do. Get what we vote for, the inflation reduction bill, whatever was called, actually creates inflation because creating money from thin air with no change in economic outputs. Put on top the government is Terrible at efficient spending, it is no wonder.
Stop buying anything you don’t need, just food for now. I paid myself first, then spent what I have left. Saved and invested for 30 years, we are retired comfortably even with inflation.
"Prices" have gone up 40%.... If you're making three times the income and living the same, you're doing something wrong... No offense but the math doesn't add up.
The government plans everything. I still think they had something to do with the pandemic even though China confessed to it. The government could have just paid China to lie and say it was all their fault so no one would blame the U.S. government anymore. Everything the government has done the past few years has been about nothing but money so they can make lower and middle-class citizens work multiple jobs for as little as pennies in the future.
Reminds me of 09. Lost my job. Out of touch parents called me a lazy ass parasite who didn't want to work when my family was helping me out. They both carry pensions so they're fine. Now we have billionaires and companies claiming "pensions are too expensive" when there are year over year record profits.
The out of touch parents beat so many of us up. I graduated college in 2008 and lost my job right after. The fun just keeps coming! I understand you, I really do.
@@matthewnelson4298 Early Gen X but the mentality is there. My dad effectively lucked out in choosing the right career path. He became a deputy and went the full 27 years or something I believe. His pension grew year over year, I believe its kind of adjusted for inflation? But yeah. Meanwhile, my uncle who was far more intelligent, wasn't intelligent enough to know that tech is private industry for the most part and his company got bought out and he was laid off because he was the highest paid. Life isn't as simple as some like to make it out to be.
@matthewnelson4298 That's the generation that p***** me off the most. We got ours, screw everyone else. Can't afford a house? Just work more hours. Can't afford health care? Sucks to be you. I'm not giving up more taxes so other people can see a doctor. Don't earn enough? Get more training and go back to school, even though the tuition is ten times what it was 20 years ago. The majority of boomers are clueless, or worse, just don't give a crap even when it's their own family. And they wonder why millions of us are sitting here wishing they'd kick off so we could get a little something to help us out.
@@warthog473 "It's your fault for not getting a better job!" Meanwhile, a BA/BS or journeymans licenses are damn near bare minimum in a very competitive market. So now you have effort and credential inflation to contend with. I wish the unemployment and stimulus packages came back.
@@inspiradorupees3029 WHY Bitcoin, though? Bitcoin's FIAT AF! Fiat's the Latin word for faith. What are crypto bros always telling you? "Avoid FUD" because fear, uncertainty and doubt" are the enemies of faith!
Could not agree more. I own only 2 credit cards. One serves to pay for trips and hotels that cannot be paid by other means. It gets paid off once a month. The second one is only for back-up. These 2 credit cards stay at home in a drawer and come with me only on holiday or business trips. Let us be honest though: Those on unlivable wages may have no other solution to tide them over.
Credit cards are a very useful tool for me. I pay them off every month, and end up with about $1200 in rewards annually. Just use them for everything, and pay them off.
I use credit cards the right way. I pay my normal expenses via my card and pay it off every month while earning cash back. I use someone else’s money and they pay me to do it. What’s the problem?
Everyone needs income as their tool, emergency fund as their security, investments as their hope, and budget as their control. Get those in place and you’ll feel at peace with your financial picture.
usa have lots of money but ur gov spending this movie to fund support terrorism also trying regime change in india bangladesh and playing their games in other countries @@BOSSDONMAN
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." Thomas Jefferson
This is one of the reasons for the civil war. The Southerners were Jeffersonians. They believed in the way the country was founded, which each state was like it's own country. The only job of the federal government was to protect the states from an enemy. Hamilton, on the other hand believed the federal government should run everything and the states had to be subservient. It all came to a head in 1860. Ever since the civil war ended the states are subservient to the monster the federal government has become, stealing billions of dollars from the states. Jefferson was so right about the central bank, JFK wanted to do away with the central bank and once again have the government print our money. That was one of several other things he did defending the people, and why the CIA murdered him.
I worked as a nurse for 44 years and I always lived beneath my means and saved for retirement. I can’t tell you how many coworkers earning the same salary lived paycheck to paycheck their entire careers. Now they are struggling but no sympathy here. And yes I know everyone has different life circumstances but most people had to have nice vacations and new cars and bigger houses every few years.
Same here, always had a low level technical/ scientific position 45-65k, lived well below my means, started investing at 26, putting a daughter through college without loans, comfortably retired at 61 with no debt. Anyone can do it but people choose not to for short term gratification.
@@brittanyb5942 yes absolutely. I’m talking about the people who would buy a new home and immediately take out a home equity loan to redo every room. Or the ones that never drove a car longer than 2 years etc.
I did the same thing!! Teacher here- I retire in 6 months, I saved 30% every paycheck/ no fancy house, no fancy vacations, sent kids to commuter college
My personal opinion is we grew too large. Too many people to be sustainable. The economy has slowly merged to simply “funnel up” money to one person/group. Certain studies have shown an ideal US population is less than 100million people. We are currently at 330+million.
No, the US went from an industry-based economy to a consumer-based economy. When military spending is heavily relied upon to boost a country's GDP, there is something wrong with the economic model. How can a country with one of lowest unemployment rate have so many living in poverty?
Your comment makes no sense. The USA can host plenty people. Germany, the UK, Japan, etc. are all significantly smaller with a third of our population.
Between going off the gold standard, our government endlessly printing money & Reagan shipping jobs over seas, the value of the dollar and purchasing power have went down tremendously in the U.S. While assets like housing have been hyper inflated. It’s a sad issue millennials & Gen Z will have to fix. The older generation already benefited enough to the point they don’t want much change…
We areTAXED TO DEATH !!! I live in alabama, i moved here from michigan to homestead years ago...alabama has the highest taxes in america...despite being the second poorest state !!! All taxation is THEFT. its not even in the constitutuon!
Taxation itself is not - by default - theft; it's necessary to maintain our country and its institutions. However, the sky-high insurance premiums, the increasing costs of education, the stagnant wages/salaries with proportion to the cost of living, etc., however, is atrocious.
I spend about $600+ a month on groceries, and that includes only ground turkey and beef (no steaks), for just two meals a day for just me. I couldn't imagine buying groceries for a large family.
It's mostly due to employers deciding not to pay more, deciding to remove benefits, and prioritizing politics/political correctness in hiring people that's causing this issue. I swear these CEOs eat live human beings behind closed doors, it makes sense given their lack of sympathy.
10s of millions of illegals have entered our country since 2000. Their effect on the economy is as follows: a. They compete with Americans for jobs, thus depressing wages b. They compete with Americans for rental units, thus increasing rents. c. They are eligible for / receive govt assistance, which boosts their spending ability, thus driving up prices of goods/services. Forcibly 'evacuate' several million illegals -- preferably to the middle of the South Pacific - and wages would rise, rents and other goods will drop in price.
@@robertanna9964 Yeah companies have been getting record profits but decide not to give any to the workers. It's not really the profitability of the companies that's the problem - flat out, the companies just refuse to share the money with the masses.
This is sad and alarming. Most Americans are gonna be debt slaves for the rest of their lives if things keep going this way. So glad I found the right career at a young age and learned how to manage my money.
dude, you live in the best country on earth, freedom and no goverment corruption 25% of your income ( like the video shows ) is 900$, 900$ is what most people in other countries cant save in a year you save that amount in 1 MONTH you have no idea how lucky you are to be american
@@premadesetups I can't argue about being lucky to live in America, but you're mistaken about the government corruption. It exists here, but it's done in ways that the average citizen wouldn't notice.
Credit cards are KILLING the American dream, I work in a Call Center in the Philippines, and I always encounter Americans who have a credit card debt of 5000 USD, and the MOST disturbing is, that they are ONLY paying the MINIMUM, my question is, how on Earth can you PAY that debt, for how LONG, and what about the interests?
A big problem in America is a lot of good paying jobs in industry were moved overseas. Look at some of the cities such as Detroit where the car industry was. You didn't need a college degree to earn a good living.
I question this I see people going out to eat everywhere, racking up credit card debt on things they want not need. Americans are overall very entitled.
I live hand to mouth on SSI. The state took my retirement five years before I was to retire because I could not get the mandated covid jab. I got fired at age 60, losing my job, my professional license, my housing, and some 40+ years of possessions. I had zero time to leave my workplace and four half days to leave my house, both of 32 years. What savings I’d had got eaten up by a catastrophic medical bill. I ended up stuffing what I could into my car and living in it in a major city during covid. Shelters were full and death traps, normal services like gyms for showers and restrooms, laundromats, restaurants, etc. were closed. It was illegal to camp, or sleep in a vehicle. I did it, constantly dodging the police, for two months before making my escape to another state. I live as a squatter with permission, but it’s still technically illegal. I’ve winterized the little hunting camp, live off a small mutual mutual fund, what ever money I can earn by doing odd jobs, sitting pets, houses, kids, or with elderly. I take in mending, tutor school children in their homes, make small crafts to sell at a concession in the summer. I volunteer at a food pantry and soup kitchen and get to take leftover items home. Any time there’s a church potluck and leftovers are up for grabs, I take them. It’s humbling or humiliating, depending upon how people react when I thank them. Because of my age, health that includes RA and a muscular condition, and loss of my license, there’s been not one offer of an interview in the two years I tried. Or else it’s a job I physically can’t do, or for which I’m overqualified. Nobody gives loans for career training to people in my situation, either. I figure I may live another 6-8 years before my body just gives out or I have an accident and there’s no one to help, in either case. What’s here for me to do any longer? I’m all too glad to go up to God.
What an amazing story. I am so sorry to hear of your plight. Your power is your incredible story and the ability to tell others, which is very significant. Just know that when you move beyond this TEMPORARY situation, you will be one of the strongest people on the planet! God Bless.
What a story. Have you considered writing a book? You can self- publish and promote virtually for free these days... it seems many would be interested in hearing more of your story.
Its not what you make but what you do with it. There are people who make very little and make it go far and those who make a lot of money and spend very dime and it is never enough.
@@timothypotts3913 I still think people are mismanaging money not always of course there are those who really aren't making enough for necessities let alone extras.
@@notinamerica_911 Please stop blaming people's personal spending on the government/ central bank mismanagement, they recklessly spend to get us into the position, aim your critiques at those that started the problem.
THE SUCCESS BEHIND EVERY RICH PERSON TODAY IS THE DECISION THEY MADE FOR THEMSELVES, I'm so happy with a good investment, I'm able to acquire my third house recently even as a single mom at 41 and I believe if things keep going well I would retire early
Wow, that's nice! But how did you manage achieve all that even with the current economy that's very bad? Please i'll appreciate your assistance on how to go about it, I'm desperately looking for a way to pay up my debts and also achieve my goals ❤️
The truth is that, with this recent economy everyone needs more than their salary to be financially stable. The best thing is to do with your money is to invest it right because money left for savings always ends up used with no returns 👌
Her method Surprises me. When I saw testimonies all over the place I thought it was made up stories till I was convinced and gave it a try and honestly I don't regret the move I made because I invested in a big way
6:56 big fact to know. Never had debt that high since I never owned a loan yet had several car & student loans & credit card debt totaling $50000 4+ years ago. Once I got my newest professional job, made changes & been debt free almost 2 years now while putting good amount of $ into retirement years.
people spend copious amounts of money on things they dont need. you cant sit here with a $800 car note and complain about not earning enough. maybe just dont buy stuff that's overpriced? i dont and it only costs me around $24k/year to live, FAR less than i make. id recommend people move out of the big cities. theyre not longer the center for prosperity. now theyre a center for debt trapped wage slaves. move to the country where the prices for literally everything is half.
When you start out by saying the average American needs $233,000 a year to feel financially secure you immediately lose all credibility. BTW that’s when I stopped watching
It’s not affecting just our economy, it’s affecting the “American experiment “ as a whole. A country should have a population that thrives…..once that’s gone, it’s game over.
And there is no way to get an increase in salaries without going to war with our employers who want to keep company mile-high profits mostly for themselves.
The economy would crash, simple as that. Although I agree 100% with your method and reasoning because it is sound financial advice, the system was never set for the majority to do this. If people are responsible, dont borrow, and live within their means it would crash the markets. Its a nasty system unfortunately that revolves around debt and ghis is ehy our economic system is bound to crash and destroy itself eventually.
Easier said then done. First, for many, it requires an actual decent paying job.. WHICH IS BECOMING RARER by the day. My area? Zilch. Need to be a workaholic to escape.
I agree with you (seriously) but as the years go on, we will all need more 💰 to combat the increased cost of living. My prayer is that social security will still be around in the next 20 or more years.
I'm thankful as a senior I don't care any credit card debt I am mortgage free I do have a very small car payment( I'm debating on taking money out of a 401k to pay it off) I live on Social Security $1,237 a month I am able to put $250 in the savings each month. I do have a small 401k and Roth IRA which I am not living off of. I guess it depends on where you live and your standard of living as to what income you need a month I live in Central Illinois and I feel very fortunate
@@robedmund9948 , I would not be taking a loan I'm 69 I would just be withdrawing some money. I have more than enough in regular savings to pay it off but with taking $7,000 out it takes awhile to build savings back up at $250 each month. I can easily make the payments each month the interest rate is very low but I don't like owing money
@@LIFEwithBAVAN You guys have plenty of opportunities! Just gotta be willing to work like the old folks did. You can do it! Many in your generation are.
@robedmund9948 we work our asses off. Jobs pay fucking peanuts compared to old people. My parents could afford a one bedroom apartment when they were single because their jobs paid them a living wage. Very few individuals can do that today
Poverty is a feature not a bug. But this is the system we all have collectively agreed to function under. Capitalism works very well but when few people control most of the money how can one ever be surprised that we have poverty and most people are inches away from the edge financially speaking. Nothing has changed. We used to have kings now we have billionaires.
@@emichaelny336you can't become billionaire, you need access to capital. Which most won't get. No billionaire is a rags to riches tale, they all started out with money and privilege. All of them.
@@duancoviero9759 Ever hear of Ray Croc, creator of McDonald's? How about Sam Walton, founder of Wal-Mart? Maybe Jeff Bezos of Amazon? How about Marc Zuckerberg of Facebook? They all came from humble beginnings, hustled for capital (since no one offers you a billion for being nice), and became billionaires.
people need to need 3Xs less. Look stranger, you are never going to be rich, strive to be grateful and content instead, you'll be better off, then with that money comes easier. That is real wealth.
@felixd.3327 thats how much they show on their taxes not necessarily how much they make 😂😂. If you rent thats like half of that income gone just for rent lol.
@@lindsayb7811 exactly! that was going to be my comment, like clearly they own a home. Anybody could save $40% if they weren't paying nearly half on rent every month.
Absolutely entitled Americans can't delay gratification, will run out and buy newest phone, eat out most nights, buy a car they can't afford, buy $6.00 coffees, ridiculously high concert tickets, go on vacations then say can't make ends meet. Wise up folks..
I am 64 years old I am retired handicapped and homeless. Since president obiden has been in office I have lost my home my vehicles my sanity my job everything I have ever owned is gone and now I am homeless and have been for 2 years. I live on $1,000 a month Social Security disability and I cannot ever afford to have a home again now. I am dying on the streets of America thank you President Obama and Mr obiden
In what, French literature? 😆 though having a master degree doesn’t mean as much nowadays, it’s still a qualifier that gets your foot in the door to many job opportunities. What you do after you’re in to raise that earning potential is on you, not your degree.
The problem is income to debt and income to cost of living. Not fluff. Most likely to make $75k you'll need some schooling or training. I make $50-53k after OT in Tampa Florida lowest rents are $1.3k/mo.
Americans spend foolishly. I teach at a collegiate level. You wouldn't believe how many students have cell phones ranging from $1K to $2K, ridiculously expensive "cool" reusable water jugs, preposterously expensive tennis shoes, and expensive car rentals. Americans also can't live without expensive streaming services, delivery "cook at home" food kits, etc. One thing I can say is that corporate and foreign investing in the US housing market should be illegal. Capitalism is out of control - as a society, we would sell our grandmothers down the river if there were a buck in it.
@@mrwilliamwonder Lack of good food choices, price of food is the same as it was in 2020 in the USA. Food beggars targeting the White men, Neighbors trying to be friendly to get you to feed them. Noisey ass people asking questions that should not be asked that demonstrates they want to know what you either bought in your bag ir what you have. The White man tax you pay, so you can only buy what is posted at the markets; thus, organized super markets are your only choice. To many people trying to hook you up with a freeloading poor chick. The list goes on and on.
The Philippines is run by a dictator, but it's somehow better than Nam? I did not know that. Don't they have the same problems? What about Thailand?@@FRANCISPOLLARD-r3p
I would like to add sales tax as well which would increase you taxable income up to 12 percent. Also, we worry about the future due lack of defined pension plans .
Salaries are important, but not as important as living below their means. People have no accountability. What do they consider "basic needs", 100,000 vehicle?
So true wants are needs in their minds, immediate gratification hungry order door dash, coffee go to Starbucks instead of making these things at home. Keeping up with the joneses buying cars they can't afford. Just idiocy.
The problem isn't so much about what they are making a year but rather how much they are spending. For some people no matter how much money they make they stay broke because if they make more they'll spend more. If people can get out of the debt mindset and focus on being debt free and staying debt free they'll realize you don't need as much money and you'll have less stress and anxiety.
Here a thought American. Learn about how finance and politics really work. Stop voting with your feelings. Stop believing your owed anything. Work smart, not hard.
Housing related expenses being 50% or more from take home is unsustainable. It causes ppl not being able to save into retirement, live paycheck to paycheck, or get into debt.
I grew up in a 900 square foot house(not built anymore)… with one used car….. no cell phones cable tvs etc etc….grandmother gave up her life working to let her children succeed and thus passed on to me…didn’t do drugs alcohol pot gambling…. Got well educated…. It’s really not that hard if you have your health…. Without your health I can see problems
Maybe just maybe you should not finance wars overseas (Ukraine, Palestine). Those wars are not yours to handle, but I guess your President is more interesting in fighting, than caring for its citizens
meeting expenses is hard. rent goes up 10% every year. my income has gone up 2-3% per year, but other expenses like electric, gas, health care and others far outpace that 2-3%. This year I've been unable to put the heating or air-conditioning on. I have an LED light in my room, and I am housebound. I have to take medicines for chronic conditions and yes, I am elderly. I thought I'd be able to work until I was 70+ but never made it that far. Prices are going up through the roof and our government lies to us saying inflation is better, etc.
The average American needing nearly $300k a year to feel financially secure is the exact problem. They're financially irresponsible and spend money they don't have. People put themselves in poverty and get themselves into bad situations with no self reflection or responsibility
No one wants to live within their means. Phone, streaming services, eating out, alcohol, cigarettes contribute alot to this. I bet the avg person can cut alot from their budget but don't want to do it. They would rather run up credit card debt living beyond their means.
If you do anything that the rich do you're living beyond your means. Regular folks aren't allowed to be happy in this short lifespan we have just struggle? Pinch pennies? Live like slaves and be miserable? Fk that
I don't understand, if most people can't afford to buy the stuff of life, why does the stuff of life cost so much... that's not how economics work, the supply should be higher than the amount of buyers for everything, which brings down prices
All the news make it sound like states are actually happy that situations like this are happening and they want to prove that they can top whatever number is thrown out by another state; as if people's suffering is some kind of a game show😢 It's all disgusting when you see it all put togeather.
I did and am thriving. Moved to a low cost state and bought a small house for cash. No debt, no credit cards, and if I can't pay for something with cash , I don't buy it. Yes, there are some sacrifices: rural town with very few amentities, but it's ok, keeps me from spending money. If I want to go shopping, see a movie, etc, I have to drive 30 minutes for those services.
See How The Recession Will Affect You:
th-cam.com/video/zydDjrYQdls/w-d-xo.html
Average? Why not median wages?
I blame on ultra-wealthy and corrupt politicians that keeps us poor! Is all about making huge profits over everyday middle-class people.
You are obviously out of touch with 90% of u.s. citizens. It's worse than what you're providing.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
Asking for advice or assistance from a consultant or investment coach is the best line of action if you lack market understanding. Even though it sounds cliche or apparent, talking to a consultant has helped me stay afloat in the market and increase my portfolio to roughly 65% since January 2023. That, in my opinion, is now the most successful strategy for entering the market.
Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
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 ‘’AILEEN GERTRUDE TIPPY” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I don’t believe the average income is 70k there is no way it’s more like 45-50k
Averages are skewed up from high earners. They should look at the median.
Might be household income which is pretty close to this.
I believe he was stating "house hold" income.
@@kennethphilips3226 It was "house hold", calm down.
"The median annual salary, which is often less skewed by outlying numbers, is $56,420."
1. Greed
2. Lack of time off only two days
3. Pay doesn’t keep up with the cost of living
So, wanting to work less and get paid more isn't greed? Or greed's only bad when they do it?
the "cost of living" is subjective.
if you are a worker and you choose to be a worker... time is always = to money. the less you work the lower income you get.
and also, Oil prices goes up and down. gold prices goes up and down, everything in this world have their value goes up and down. even inflation goes up and down.
but there is one type of value that never goes down because of it's nature.
you know what it is?
WAGE 😂😂😂😂😂😂
wage is a very sensitives topic by nature. and by nature.. it doesn't go down.
and because of that.. it is also the last thing to increase.
coz since it never goes down. the politicians and the economist should quadruple check so they won't regret it later.
nobody dares to decrease wages... who would do that? unless you wanted you political career ends. 😂😂😂
not even China could do that.
I'm happy with two days off better than 1 day off from my last job.
@@ConsueloVillegas-bh1uj the 3rd leading cause of death in the USA is medical errors. Maybe 12 hour shifts isn't such a great idea.
It does but the Government steals it from you in the form of inflation. Easier to inflate than to go to the people and ask them for more taxes and to practise financial discipline. Corruption is the real crisis not the climate.
❤I only feel financially secure because i live at my parents house and they paid off their house they are debt free. They own their own land and house. My family is a multi generation home. My parents want my husband and our children to live with them forever and take care of them when they are elderly. It is the easiest way to live. No bills, no debt and family takes care of one another. ❤
Suuuure. You’ve been using your parents all this time. You live there now u dear the guise of them being elderly. You’re a leech and you’re trying to sugar coat it
Female privilege moment
It's the BEST way to live. Those with this option are forced into this position but with the right mindset it can be translated into a winning position.
Yes, do it. It takes a village. We can no longer live the so called American Dream. Don't fool yourself. Take good care of your extended family and share the current bills. Be grateful 🙏
Seriously? You're grown and should have your own place. Unbelievable.
I had to go to Ohio for my employer this fall. I decided to sleep overnight at the rest area because the cheapest room was 85 dollars. I couldn't believe how many homeless people are at the rest areas living in cars. And this was outside of Dayton Ohio. OMG.
If I lived close to one, I might sleep there too 😞
Having a car is nice. It aint easy at night when it is cold and you are outside.
Some people willingly live in converted vans.
@@stevenhenry5267 I'd do it in a heartbeat.
I mean i lived in a van for a year to save up for a house and i only bought it for 2k
The cost of living has increased by 50% within the last three years. My wife and I make triple the amount we earned in 2010 and we are still living at the same level. We haven’t been able to save money because the cost of living has increased by at least 40% or more. We need to get the inflation under control. The cost of food and housing is ridiculous expensive.
The first stimulus from trump was bad enough, once Biden was elected I started priming for HIGH inflation, even knowing high inflation was coming not that much you can do. Get what we vote for, the inflation reduction bill, whatever was called, actually creates inflation because creating money from thin air with no change in economic outputs. Put on top the government is Terrible at efficient spending, it is no wonder.
Save you a portion of money first, then pay your bills out of what's left. Be selfish! Get Aggressive! 💯
Blame corporations, they're the ones behind it.
Stop buying anything you don’t need, just food for now. I paid myself first, then spent what I have left. Saved and invested for 30 years, we are retired comfortably even with inflation.
"Prices" have gone up 40%.... If you're making three times the income and living the same, you're doing something wrong... No offense but the math doesn't add up.
It’s hard not to think all this was planned
It certainly was planned. Our overlords are GUTTING USA on purpose.
It was, you planned it... Or more accurately, didn't.
It was planned, decades ago by the global elite.
@@david5544g Peter planned to plant plump plums, but his plans promptly plummeted when he plucked plums from the wrong place that he had planned
The government plans everything. I still think they had something to do with the pandemic even though China confessed to it. The government could have just paid China to lie and say it was all their fault so no one would blame the U.S. government anymore. Everything the government has done the past few years has been about nothing but money so they can make lower and middle-class citizens work multiple jobs for as little as pennies in the future.
Reminds me of 09. Lost my job. Out of touch parents called me a lazy ass parasite who didn't want to work when my family was helping me out. They both carry pensions so they're fine. Now we have billionaires and companies claiming "pensions are too expensive" when there are year over year record profits.
They must be boomers
The out of touch parents beat so many of us up. I graduated college in 2008 and lost my job right after. The fun just keeps coming! I understand you, I really do.
@@matthewnelson4298 Early Gen X but the mentality is there. My dad effectively lucked out in choosing the right career path. He became a deputy and went the full 27 years or something I believe. His pension grew year over year, I believe its kind of adjusted for inflation? But yeah.
Meanwhile, my uncle who was far more intelligent, wasn't intelligent enough to know that tech is private industry for the most part and his company got bought out and he was laid off because he was the highest paid.
Life isn't as simple as some like to make it out to be.
@matthewnelson4298 That's the generation that p***** me off the most. We got ours, screw everyone else. Can't afford a house? Just work more hours. Can't afford health care? Sucks to be you. I'm not giving up more taxes so other people can see a doctor. Don't earn enough? Get more training and go back to school, even though the tuition is ten times what it was 20 years ago. The majority of boomers are clueless, or worse, just don't give a crap even when it's their own family. And they wonder why millions of us are sitting here wishing they'd kick off so we could get a little something to help us out.
@@warthog473 "It's your fault for not getting a better job!" Meanwhile, a BA/BS or journeymans licenses are damn near bare minimum in a very competitive market. So now you have effort and credential inflation to contend with.
I wish the unemployment and stimulus packages came back.
As the saying goes: "Gold is the currency of kings, silver of gentlemen, barter of the poor and debt of the slave."
Awesome quote!
---people trying to scare you into buying overpriced gold
That makes me a slave😢
Gold?? lol, no Bitcoin is
@@inspiradorupees3029 WHY Bitcoin, though? Bitcoin's FIAT AF! Fiat's the Latin word for faith. What are crypto bros always telling you? "Avoid FUD" because fear, uncertainty and doubt" are the enemies of faith!
Get rid of your credit cards! It's a trap. Use the money you earn and stay within budget. Don't add on more trouble then what's necessary.
Could not agree more. I own only 2 credit cards. One serves to pay for trips and hotels that cannot be paid by other means. It gets paid off once a month. The second one is only for back-up. These 2 credit cards stay at home in a drawer and come with me only on holiday or business trips.
Let us be honest though: Those on unlivable wages may have no other solution to tide them over.
Credit cards are a very useful tool for me. I pay them off every month, and end up with about $1200 in rewards annually. Just use them for everything, and pay them off.
Some people get it some don't to bad
I use credit cards the right way. I pay my normal expenses via my card and pay it off every month while earning cash back.
I use someone else’s money and they pay me to do it. What’s the problem?
Everyone needs income as their tool, emergency fund as their security, investments as their hope, and budget as their control. Get those in place and you’ll feel at peace with your financial picture.
The problem is inflation keeps moving the goal posts for those.
usa have lots of money but ur gov spending this movie to fund support terrorism also trying regime change in india bangladesh and playing their games in other countries @@BOSSDONMAN
So, don’t eat food or pay high insurances rates for medical, dental, etc. hope this works 🤞
@@katiebug59031 what are you talking bout?
Dave Ramsey student no doubt!!!! And I approve this message!!!
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."
Thomas Jefferson
That aged really well…
Jefferson never said that. It’s a false quote believed by the gullible.
This is one of the reasons for the civil war. The Southerners were Jeffersonians. They believed in the way the country was founded, which each state was like it's own country. The only job of the federal government was to protect the states from an enemy. Hamilton, on the other hand believed the federal government should run everything and the states had to be subservient. It all came to a head in 1860. Ever since the civil war ended the states are subservient to the monster the federal government has become, stealing billions of dollars from the states. Jefferson was so right about the central bank, JFK wanted to do away with the central bank and once again have the government print our money. That was one of several other things he did defending the people, and why the CIA murdered him.
I worked as a nurse for 44 years and I always lived beneath my means and saved for retirement. I can’t tell you how many coworkers earning the same salary lived paycheck to paycheck their entire careers. Now they are struggling but no sympathy here. And yes I know everyone has different life circumstances but most people had to have nice vacations and new cars and bigger houses every few years.
Same here, always had a low level technical/ scientific position 45-65k, lived well below my means, started investing at 26, putting a daughter through college without loans, comfortably retired at 61 with no debt. Anyone can do it but people choose not to for short term gratification.
I agree! But some unforeseen health issues hurt people too! Medical debt is a major henderence!
@@brittanyb5942 yes absolutely. I’m talking about the people who would buy a new home and immediately take out a home equity loan to redo every room. Or the ones that never drove a car longer than 2 years etc.
I did the same thing!! Teacher here- I retire in 6 months, I saved 30% every paycheck/ no fancy house, no fancy vacations, sent kids to commuter college
@@justsomerandomgirl congratulations! Retirement is wonderful.
My personal opinion is we grew too large. Too many people to be sustainable. The economy has slowly merged to simply “funnel up” money to one person/group.
Certain studies have shown an ideal US population is less than 100million people. We are currently at 330+million.
Well said.
Which studies?
No, the US went from an industry-based economy to a consumer-based economy. When military spending is heavily relied upon to boost a country's GDP, there is something wrong with the economic model. How can a country with one of lowest unemployment rate have so many living in poverty?
Your comment makes no sense. The USA can host plenty people. Germany, the UK, Japan, etc. are all significantly smaller with a third of our population.
You mean a fourth?@@FlyingMonet
You wouldn't know this if you listened to government reports on how "great" the economy is.
Americans welcome to your new home 🚗🤣
On the Brink? Where have you been? LOL
Between going off the gold standard, our government endlessly printing money & Reagan shipping jobs over seas, the value of the dollar and purchasing power have went down tremendously in the U.S. While assets like housing have been hyper inflated. It’s a sad issue millennials & Gen Z will have to fix. The older generation already benefited enough to the point they don’t want much change…
2400sqft home ??? thats about twice the size most people need.
We areTAXED TO DEATH !!! I live in alabama, i moved here from michigan to homestead years ago...alabama has the highest taxes in america...despite being the second poorest state !!! All taxation is THEFT. its not even in the constitutuon!
Taxation itself is not - by default - theft; it's necessary to maintain our country and its institutions. However, the sky-high insurance premiums, the increasing costs of education, the stagnant wages/salaries with proportion to the cost of living, etc., however, is atrocious.
I spend about $600+ a month on groceries, and that includes only ground turkey and beef (no steaks), for just two meals a day for just me. I couldn't imagine buying groceries for a large family.
🙃
Wages have not kept up with inflation. Not for decades. Meanwhile corporations are making bigger and bigger profits.
Who profits from "corporate profits"? Do you even know? Really, I'm asking. I don't think you do.
@@david5544gUpper management and, most importantly, share holders more than most other groups in a company.
@@david5544g Mainly the C-Level executives that give themselves large bonuses and dump shares after stock buybacks.
It's mostly due to employers deciding not to pay more, deciding to remove benefits, and prioritizing politics/political correctness in hiring people that's causing this issue. I swear these CEOs eat live human beings behind closed doors, it makes sense given their lack of sympathy.
10s of millions of illegals have entered our country since 2000. Their effect on the economy is as follows:
a. They compete with Americans for jobs, thus depressing wages
b. They compete with Americans for rental units, thus increasing rents.
c. They are eligible for / receive govt assistance, which boosts their spending ability, thus driving up prices of goods/services.
Forcibly 'evacuate' several million illegals -- preferably to the middle of the South Pacific - and wages would rise, rents and other goods will drop in price.
Spot on- American productivity has increased but the workers responsible for it have not shared any gains. In fact they've fallen further behind.
@@robertanna9964 Yeah companies have been getting record profits but decide not to give any to the workers. It's not really the profitability of the companies that's the problem - flat out, the companies just refuse to share the money with the masses.
Mostly right wing bullshit, particularly the benefits part. We actually have a labor shortage in this country and have had one for years.
A companys number one goal is to make profit. Its not evil, its not immoral. A CEO would be fired for giving away company money or wasting it
This is sad and alarming. Most Americans are gonna be debt slaves for the rest of their lives if things keep going this way. So glad I found the right career at a young age and learned how to manage my money.
dude, you live in the best country on earth, freedom and no goverment corruption
25% of your income ( like the video shows ) is 900$, 900$ is what most people in other countries cant save in a year
you save that amount in 1 MONTH
you have no idea how lucky you are to be american
you think tax is high in america but you never been to europe, we have 41% income tax, 20% sales tax
@@premadesetups I can't argue about being lucky to live in America, but you're mistaken about the government corruption. It exists here, but it's done in ways that the average citizen wouldn't notice.
@@premadesetups it's hard to make a comparison between taxes and benefits in different countries, but I'm comfortable with the situation I have.
@@highlyillogical9399 yes but america is like the home of capitalism, the government owns nothing and this is why the people are free
Credit cards are KILLING the American dream, I work in a Call Center in the Philippines, and I always encounter Americans who have a credit card debt of 5000 USD, and the MOST disturbing is, that they are ONLY paying the MINIMUM, my question is, how on Earth can you PAY that debt, for how LONG, and what about the interests?
Credit Cards are the worst thing
It's the American way 😂
Lack of discipline is what gets these people into trouble.
Americans live in their own delusions of wealth and think they can buy and deserve more than they need. Consumerism at its finest.
5k ? Thats it ? I know people in the tens of thousands in debt .
A big problem in America is a lot of good paying jobs in industry were moved overseas. Look at some of the cities such as Detroit where the car industry was. You didn't need a college degree to earn a good living.
I question this I see people going out to eat everywhere, racking up credit card debt on things they want not need. Americans are overall very entitled.
Ridiculous
@@notinamerica_911 I took his comment to mean he was agreeing with you. As in "You're right. It's ridiculous!"
I live hand to mouth on SSI. The state took my retirement five years before I was to retire because I could not get the mandated covid jab. I got fired at age 60, losing my job, my professional license, my housing, and some 40+ years of possessions. I had zero time to leave my workplace and four half days to leave my house, both of 32 years. What savings I’d had got eaten up by a catastrophic medical bill. I ended up stuffing what I could into my car and living in it in a major city during covid. Shelters were full and death traps, normal services like gyms for showers and restrooms, laundromats, restaurants, etc. were closed. It was illegal to camp, or sleep in a vehicle. I did it, constantly dodging the police, for two months before making my escape to another state. I live as a squatter with permission, but it’s still technically illegal. I’ve winterized the little hunting camp, live off a small mutual mutual fund, what ever money I can earn by doing odd jobs, sitting pets, houses, kids, or with elderly. I take in mending, tutor school children in their homes, make small crafts to sell at a concession in the summer. I volunteer at a food pantry and soup kitchen and get to take leftover items home. Any time there’s a church potluck and leftovers are up for grabs, I take them. It’s humbling or humiliating, depending upon how people react when I thank them. Because of my age, health that includes RA and a muscular condition, and loss of my license, there’s been not one offer of an interview in the two years I tried. Or else it’s a job I physically can’t do, or for which I’m overqualified. Nobody gives loans for career training to people in my situation, either. I figure I may live another 6-8 years before my body just gives out or I have an accident and there’s no one to help, in either case. What’s here for me to do any longer? I’m all too glad to go up to God.
What an amazing story. I am so sorry to hear of your plight. Your power is your incredible story and the ability to tell others, which is very significant. Just know that when you move beyond this TEMPORARY situation, you will be one of the strongest people on the planet! God Bless.
why'd you lose your license and get fired from your job?
Glad you didn't get the mandated "juice." God will provide you for putting trust in Him. I will be praying for you as well.
What a story. Have you considered writing a book? You can self- publish and promote virtually for free these days... it seems many would be interested in hearing more of your story.
Not worth it
People overspend!! foolish spenders!
Lost 86% of spending power since the 70's, inflation is the issue.
Its not what you make but what you do with it. There are people who make very little and make it go far and those who make a lot of money and spend very dime and it is never enough.
@@notinamerica_911 But no one is making any money anymore, even to barely buy living necessities, this quote was good back in the 90's.
@@timothypotts3913 I still think people are mismanaging money not always of course there are those who really aren't making enough for necessities let alone extras.
@@notinamerica_911 Please stop blaming people's personal spending on the government/ central bank mismanagement, they recklessly spend to get us into the position, aim your critiques at those that started the problem.
THE SUCCESS BEHIND EVERY RICH PERSON TODAY IS THE DECISION THEY MADE FOR THEMSELVES, I'm so happy with a good investment, I'm able to acquire my third house recently even as a single mom at 41 and I believe if things keep going well I would retire early
Wow, that's nice! But how did you manage achieve all that even with the current economy that's very bad? Please i'll appreciate your assistance on how to go about it, I'm desperately looking for a way to pay up my debts and also achieve my goals ❤️
The truth is that, with this recent economy everyone needs more than their salary to be financially stable. The best thing is to do with your money is to invest it right because money left for savings always ends up used with no returns 👌
Her method Surprises me. When I saw testimonies all over the place I thought it was made up stories till I was convinced and gave it a try and honestly I don't regret the move I made because I invested in a big way
The mighty Mrs Sophia wow, so she know for his good work this much.... Such a phenomenal woman that helped many people grow up financially.
My cousin once recommended her to me after trading and she helped us financially in time of difficulties here in Australia 🇦🇺
6:56 big fact to know. Never had debt that high since I never owned a loan yet had several car & student loans & credit card debt totaling $50000 4+ years ago. Once I got my newest professional job, made changes & been debt free almost 2 years now while putting good amount of $ into retirement years.
For real!
Good going. Keep it up 👍
well it’s fellow Americans doing this to themselves. 😂
.....by voting Dem
Bs
False
Ridiculous and false
People don't need a 2400sf home, unless you have 5 or kids. The problem is not knowing the difference between needs and wants.
These commas and periods are in the wrong place for US.
The dollar keeps loosing more and more value. Won’t be long before it is totally worthless. Protect yourself
Bitcoin is our savior
Bitcoin is Bullsh*t@@sales_coach_ai
oh no the sky is falling I believe in this country life goes on the cream rise to the top
Investments historically outweigh inflation?
@@david5544g they used to- not any longer
What's with the comma and period switch in the numbers?
Most likely the guy is from India.
Many non English speaking countries switch them.
people spend copious amounts of money on things they dont need. you cant sit here with a $800 car note and complain about not earning enough. maybe just dont buy stuff that's overpriced? i dont and it only costs me around $24k/year to live, FAR less than i make. id recommend people move out of the big cities. theyre not longer the center for prosperity. now theyre a center for debt trapped wage slaves. move to the country where the prices for literally everything is half.
I agree. People don't know how to be frugal and live within their means. I live on far less but I stay out of debt.
I agree. It’s not even about being frugal, just practical and realistic. People think they deserve the world.
When you start out by saying the average American needs $233,000 a year to feel financially secure you immediately lose all credibility.
BTW that’s when I stopped watching
That is close to my household income and we are teetering on that feeling tbh
He's stating what people said in surveys... Way to go moron.
@@ChatGPT1111Where do you live and how big is your family?
I think that this amount is based on a recent poll and is not just the opinion of the video creator
Maybe 60k individually. Household? At least 85k.
Thank God I'm completely debt free
It’s not affecting just our economy, it’s affecting the “American experiment “ as a whole.
A country should have a population that thrives…..once that’s gone, it’s game over.
The markets are all way up, so is gold, crypto, houses, etc.... Things are good for people who are responsible.
venezuela, start looking at history.
@@Mind_Breach They have a crazy new leader, they may pull out of it.
@@david5544g think you’re talking about Argentina? If you are talking about Javier milei
@@Mind_Breach What you talkin about Willis? LOL.. You're right, take care.
And there is no way to get an increase in salaries without going to war with our employers who want to keep company mile-high profits mostly for themselves.
If the cost of goods has gone up, of course profits going up.
America leave the world alone and take care of your own problems.
People need to pay off their debts stop over spending and start saving and investing
OK boomer
The economy would crash, simple as that. Although I agree 100% with your method and reasoning because it is sound financial advice, the system was never set for the majority to do this. If people are responsible, dont borrow, and live within their means it would crash the markets. Its a nasty system unfortunately that revolves around debt and ghis is ehy our economic system is bound to crash and destroy itself eventually.
You make it sound so easy 🙄
Easier said then done. First, for many, it requires an actual decent paying job.. WHICH IS BECOMING RARER by the day. My area? Zilch. Need to be a workaholic to escape.
70K is fantastic. Plenty to get by on. They just want to live like ballers.
Not even enough for trailer park rental in Frisco tx!
I'd leave the country with those prices. @@Investormillard
70k was decent 5 years ago. Now it's barely enough to get by.
There’s something seriously wrong with the world when you need $250,000 to feel comfortable we live on 60,000
40 *
Need 233k just to feel "secure" or "wealthy"? You shouldn't need to make that much just to feel secure.
I agree with you (seriously) but as the years go on, we will all need more 💰 to combat the increased cost of living. My prayer is that social security will still be around in the next 20 or more years.
@@kellynorvell5714 true! I think social security will actually be fine.
I'm thankful as a senior I don't care any credit card debt I am mortgage free I do have a very small car payment( I'm debating on taking money out of a 401k to pay it off) I live on Social Security $1,237 a month I am able to put $250 in the savings each month. I do have a small 401k and Roth IRA which I am not living off of. I guess it depends on where you live and your standard of living as to what income you need a month I live in Central Illinois and I feel very fortunate
Find another way to pay off the car. DO NOT take a loan from your 401k. It's not worth it.
@@robedmund9948 ,
I would not be taking a loan I'm 69 I would just be withdrawing some money. I have more than enough in regular savings to pay it off but with taking $7,000 out it takes awhile to build savings back up at $250 each month. I can easily make the payments each month the interest rate is very low but I don't like owing money
Good for you. Now let us younger people have the same opportunity
@@LIFEwithBAVAN You guys have plenty of opportunities! Just gotta be willing to work like the old folks did. You can do it! Many in your generation are.
@robedmund9948 we work our asses off. Jobs pay fucking peanuts compared to old people. My parents could afford a one bedroom apartment when they were single because their jobs paid them a living wage. Very few individuals can do that today
Elderly can't survive unless in a Housing unit..Utilities are crushing if they have to pay them.
I'm favored financially, $32,000 every week I can now afford anything I want all thanks to Jenifer Spencer
Can you please tell me how, I'm interested I want to be financially stable
How does this crypto stuff really works and how do I make good profit from it? I'm willing to invest in it but I need guidance so I don't lose out.
I will suggest you get started with a professional broker that will trade for you while you get the profit
Wow, i'm shocked you mentioned Mrs Jenifer Spencer , She's also my current broker and she earns 10,500$ for me weekly
Mrs Jenifer Spencer is one of the best traders I have worked with.
I'm 72 and make $20000. I live in my car but I eat good. God is good all the time.
Poverty is a feature not a bug. But this is the system we all have collectively agreed to function under. Capitalism works very well but when few people control most of the money how can one ever be surprised that we have poverty and most people are inches away from the edge financially speaking. Nothing has changed. We used to have kings now we have billionaires.
Something HAS changed: you can't become a king, but you CAN become a billionaire.
@@emichaelny336you can't become billionaire, you need access to capital. Which most won't get. No billionaire is a rags to riches tale, they all started out with money and privilege. All of them.
@@duancoviero9759 Ever hear of Ray Croc, creator of McDonald's? How about Sam Walton, founder of Wal-Mart? Maybe Jeff Bezos of Amazon? How about Marc Zuckerberg of Facebook? They all came from humble beginnings, hustled for capital (since no one offers you a billion for being nice), and became billionaires.
people need to need 3Xs less.
Look stranger, you are never going to be rich, strive to be grateful and content instead, you'll be better off, then with that money comes easier.
That is real wealth.
This astounds me. We live off $45,000 per year and put 40% into retirement.
An amazing feat. Well done@
You’re lying, you probably live off grid or you live in the middle of no where but you’re not living off of 45k in a major city in the US
@felixd.3327 thats how much they show on their taxes not necessarily how much they make 😂😂. If you rent thats like half of that income gone just for rent lol.
Tell me you don’t pay rent without telling me you don’t pay rent.
@@lindsayb7811 exactly! that was going to be my comment, like clearly they own a home. Anybody could save $40% if they weren't paying nearly half on rent every month.
I'm fine making $55,000 a year. Having a six figure income isn't going to make anyone feel more secure. They'll always want more.
They’re not secure, because whatever they get they spend !!!
Absolutely entitled Americans can't delay gratification, will run out and buy newest phone, eat out most nights, buy a car they can't afford, buy $6.00 coffees, ridiculously high concert tickets, go on vacations then say can't make ends meet. Wise up folks..
Yep! Then they wonder why they're broke!
More renting vs home ownership. Home ownership is more than just
Monthly mortgage. You have maintenance, property tax, and expensive insurance
So how then are people spending billions upon billions of dollars over the holiday weekend if they're so poor.
Credit cards 😢
@@richardscathousesad but true
Poor men mentality
Well half of it is through inflation. If they spend the same as a couple years ago, they are getting half of what they used to for their money.
I am 64 years old I am retired handicapped and homeless. Since president obiden has been in office I have lost my home my vehicles my sanity my job everything I have ever owned is gone and now I am homeless and have been for 2 years. I live on $1,000 a month Social Security disability and I cannot ever afford to have a home again now. I am dying on the streets of America thank you President Obama and Mr obiden
These figures are unreal! I would feel like a King, if I was gaining this level of income mentioned at the beginning of this video.
God Save The King
It's called Democats 😂😂😂😂 keep voting them, your free stuff is on the way, Biden said so😂😂😂
I have a masters degree and have never made over $65,000 a year.
In what, French literature? 😆 though having a master degree doesn’t mean as much nowadays, it’s still a qualifier that gets your foot in the door to many job opportunities. What you do after you’re in to raise that earning potential is on you, not your degree.
Well if it is in 'Women's Studies', I would not be surprised.
Didn’t realize basket weaving paid that much !
I would pile on but I think we all know your problem.
There's many H-1B visa people in America, making $200,000 per year. Companies decline to hire local Americans.
FACT 💯
The problem is income to debt and income to cost of living. Not fluff. Most likely to make $75k you'll need some schooling or training. I make $50-53k after OT in Tampa Florida lowest rents are $1.3k/mo.
I make $26hr in the San Francisco Bay Area
@@Anthony-oh4ee it doesn’t mean anything if the cost of living is that high
Americans spend foolishly. I teach at a collegiate level. You wouldn't believe how many students have cell phones ranging from $1K to $2K, ridiculously expensive "cool" reusable water jugs, preposterously expensive tennis shoes, and expensive car rentals. Americans also can't live without expensive streaming services, delivery "cook at home" food kits, etc. One thing I can say is that corporate and foreign investing in the US housing market should be illegal. Capitalism is out of control - as a society, we would sell our grandmothers down the river if there were a buck in it.
I just moved to the Philippines. I prefer Vietnam, but its complicated and difficult.
why is it more difficult?
@@mrwilliamwonder Lack of good food choices, price of food is the same as it was in 2020 in the USA. Food beggars targeting the White men, Neighbors trying to be friendly to get you to feed them. Noisey ass people asking questions that should not be asked that demonstrates they want to know what you either bought in your bag ir what you have. The White man tax you pay, so you can only buy what is posted at the markets; thus, organized super markets are your only choice. To many people trying to hook you up with a freeloading poor chick. The list goes on and on.
The Philippines is run by a dictator, but it's somehow better than Nam? I did not know that. Don't they have the same problems? What about Thailand?@@FRANCISPOLLARD-r3p
@@FRANCISPOLLARD-r3pvisa situation also. Philippines is good at allowing people to stay.
@@FRANCISPOLLARD-r3pwell then why go there to live?
Corporate greed, there I saved you nine minutes and 26 seconds, you're welcome
I would like to add sales tax as well which would increase you taxable income up to 12 percent.
Also, we worry about the future due lack of defined pension plans .
This is why we need a Universal basic income without conditions!
Salaries are important, but not as important as living below their means. People have no accountability. What do they consider "basic needs", 100,000 vehicle?
So true wants are needs in their minds, immediate gratification hungry order door dash, coffee go to Starbucks instead of making these things at home. Keeping up with the joneses buying cars they can't afford. Just idiocy.
so true living below your means gives u money to invest after yrs of investing n compound interest anybody can become financially stable
More right wing myths
Americas are still waiting for Reagan’s trickle down Golden shower 😂
The problem isn't so much about what they are making a year but rather how much they are spending. For some people no matter how much money they make they stay broke because if they make more they'll spend more. If people can get out of the debt mindset and focus on being debt free and staying debt free they'll realize you don't need as much money and you'll have less stress and anxiety.
Here a thought American. Learn about how finance and politics really work. Stop voting with your feelings. Stop believing your owed anything. Work smart, not hard.
I'd say because of post-secondary education debt, needless spending, also lack of savings.
Housing related expenses being 50% or more from take home is unsustainable. It causes ppl not being able to save into retirement, live paycheck to paycheck, or get into debt.
233k wtf? Most don’t need that much if they actually had any financial literacy.
I grew up in a 900 square foot house(not built anymore)… with one used car….. no cell phones cable tvs etc etc….grandmother gave up her life working to let her children succeed and thus passed on to me…didn’t do drugs alcohol pot gambling…. Got well educated…. It’s really not that hard if you have your health…. Without your health I can see problems
We need decent social programs like in Singapore, Europe and Scandinavia.
No, we need europe to pay what they agreed towards defense.
Maybe just maybe you should not finance wars overseas (Ukraine, Palestine). Those wars are not yours to handle, but I guess your President is more interesting in fighting, than caring for its citizens
Not an issue
Hahahahaha. 90%of the money that goes to Ukraine actually ends up back in the States because it goes towards the defense industry m
@@stevenhenry5267 how it will improve the living conditions of the American citizens?
The question should be why are so many Americans IN poverty with no escape not why are they on the brink of it.
Moving to Mississippi as an improvement? 😂 WTH?!
South America would be a safer and healthier alternative.
South America? There's way more poverty in South America than the U.S. 😳
Taxes, inflation, fuel costs, interest rates, stagnant wages.
It’s so expensive. I bought coffee pods from Walmart today and it was $14 dollars!! That’s just cheap coffee.
Packaging coffee in pods turns cheap coffee into expensive coffee...
Quit buying PODS! Waste of money and an FU to the environment!
meeting expenses is hard. rent goes up 10% every year. my income has gone up 2-3% per year, but other expenses like electric, gas, health care and others far outpace that 2-3%. This year I've been unable to put the heating or air-conditioning on. I have an LED light in my room, and I am housebound. I have to take medicines for chronic conditions and yes, I am elderly. I thought I'd be able to work until I was 70+ but never made it that far. Prices are going up through the roof and our government lies to us saying inflation is better, etc.
The average American needing nearly $300k a year to feel financially secure is the exact problem. They're financially irresponsible and spend money they don't have. People put themselves in poverty and get themselves into bad situations with no self reflection or responsibility
Health should never be on the list. Universal health care is the key.
$75,000 😂 the average worker makes $25!? 🤔 wow I don’t even know what to say to that, What % of people make less and less what % make more?
Yeah, the numbers are wild. Why did they use average and not median?
The bot reads $1,957 as 'One Thousand Nineteen Fifty Seven'. Wtf is this nonsense.
It was referring to "house hold income", settle down. PS: the average worker makes a median 40K.
Average does not mean what most people make
No one wants to live within their means. Phone, streaming services, eating out, alcohol, cigarettes contribute alot to this. I bet the avg person can cut alot from their budget but don't want to do it. They would rather run up credit card debt living beyond their means.
yes typical american on daily basis 😂
Bullshit. More right wing nonsense.
If you do anything that the rich do you're living beyond your means. Regular folks aren't allowed to be happy in this short lifespan we have just struggle? Pinch pennies? Live like slaves and be miserable? Fk that
Hmm. Someone is coping.
Got to keep up the illusion of American wealth.
Uhm. My mortgage is $3.7k a month. For a two bedroom condo. And im still commuting 1hr each way
I don't understand, if most people can't afford to buy the stuff of life, why does the stuff of life cost so much... that's not how economics work, the supply should be higher than the amount of buyers for everything, which brings down prices
Life has become so difficult. Its similar here in Australia.
3:57 The editing team writing out Mississippi. Lmao
Welcome to the rest of the world.
Keep in mind, only top 20% makes the average income or higher.
The 233,000 dollar comment is just stupid.
It was based on how people answered in several surveys... Calm down.
All the news make it sound like states are actually happy that situations like this are happening and they want to prove that they can top whatever number is thrown out by another state; as if people's suffering is some kind of a game show😢
It's all disgusting when you see it all put togeather.
Two words; WEALTH INEQUALITY.
Income inequality. 80% of income gains go to the top 1%.
Corporate America's answer: More tax cuts and business subsidies combined with gutting our social safety net even more.
I don't believe the average American needs to earn $225,000 a year to feel secure, I believe $70,000 would be enough.
Yeah. I'd maybe say 60k individually
@@nappa3550 and to make things worse, these days almost every job that pays 60,000 is locked behind 4 years of college.
$225K is only needed if you want to live a semi-luxury lifestyle in one of the largest U.S. cities, like NYC, SF, LA, etc.
Inflation is a tax on the people caused by government.
How’s going to retire at this rate?
I did and am thriving. Moved to a low cost state and bought a small house for cash. No debt, no credit cards, and if I can't pay for something with cash , I don't buy it.
Yes, there are some sacrifices: rural town with very few amentities, but it's ok, keeps me from spending money. If I want to go shopping, see a movie, etc, I have to drive 30 minutes for those services.