Supply and demand, eventually, the price will drop again because no one is buying. Things can not continue to go up like this.

Cut hours, honestly fast food places don't need to be open 24/7 😅😅

Am I supposed to feel this when as a suppose it minority I've never been in position to be considered middle class and I've lived on my own in Chicago since I was in my mid 20s and nobody is pointing it out for us...but I will admit that nobody should be subjected to this as a future... welcome to the reality poor ppl have been dealing with the entire time

But they still have to pay the loan back with money that has already been taxed. This really isn't tax avoidance. It's a strategy to allow your investments to grow at a higher rate when market gains are higher than the cost interest rates.

Even those numbers aren't accurate. He was just being nice, by penny pinching prices. Most people live in a deficit. Negative funds every month. Some people, like myself, have to choose which bill they have to pay first.

And when the Gen Zer gets to be 65 years old, they won't need as much money to live. That's how it has always worked.

I’m gen x and don’t expect to see anything from it either.

Homie please say something

If anyone has the original interview I would like to go watch the disillusioned rich talk about poor people problems

No complaining about being oppressed is a completely fair critique

So many here say we need a fundamental change. I bet they assume it will be a change for the better. So many want a house. No one wants to build houses.

One of the issues with the borrowing strategy that nobody ever talks about, is when they need to repay the principal. They do sometimes need to sell a sufficient amount to pay down a loan, which would open then to capital gains. They do, do things like this for sure, but it's not as fool proof as people say either

The system was built to serve the ultra rich at the expense of the rest of us.

They should have had their hours cut.

Well actually in reality where I am, it's been tough for a long time for all the generations. We've all felt a well of compassion for one another, in spite of how uncool the government wants us to think free power should make us all feel lol are you aware that power is free? They just charge us for it. That's all. We pay the government workers wages to go and make the power already There's no reason to send us another bill except just to make us give them more money. That's all. There's no reason for it. They don't need it. They are rich. all they do is turn the "static" wheel. That's it.

Lol Gen X screwed too. My partner was just saying he's retiring in 11 years but according to this there won't be any money to retire with.

Because the Rich can leave with their wealth.

We shouldnt pay taxes if we make under 70,000 a year

FORGET PAYCHECK JOBS THAT DON’T PAY..... look into entrepreneurship..... THAT’S where the real money is. IT CAN BE DONE

I'm so into them joining us in the misery. Finally, the old fucks CLOCK the lala land they were awarded. The discounts is all they get.

not crazy it's like everything is priced in Mexican pesos and what was attainable before is a serious luxury now. The quality of life that average middle class Americans grew accustomed to is simply out of reach for most today.

What middle class?

Right wing propaganda used by the right to justify cutting programs to give bigger tax breaks to billionaires.

All it took was time and patience. Time and patience.

People think AI is the next best thing. The job market, investment opportunities are shrinking from companies merging. Monopolizing everything controlling inflation. Causing economic crashes, raising kids in this time just costs too much. Population reduction it is planned from the top. Conspiracy theory??? Look around you especially your receipt

True story... we skated in under the line... literally. We closed on our house Oct. 22 2020. Moved in Dec 20 2020. And the very next month rates skyrocketed. But we were outbid 10 times before we even got home when trying to buy. Corporate asset management firms are buying homes sight unseen for 10 to 15% over asking price stealing the children's chances at future happiness and success. Also free Luigi.

The WEF told us ALL back in 2016 that we would "own nothing but be happy"... Well, I'm still waiting on my delivery of happiness

But then if they let you go, now you just lost a 100k salary job... 🧐🤔

Trust me I wouldn’t let love to get my own place, but I don’t make enough to pay rent and pay for the things I will need man, this inflation shit is crazy

Amen brother

once again, GenX doesn't exist.....

100%. I don’t know why the hell we all bought into this bullshit system - working 5 days a week, starvation wages, waking up early, being away from our families the majority of the time. Why the hell did we buy into this crap? Figures it would be a BlackRock executive saying this. They are the enemy of the people. They’re trying to brainwash you. Tell them to “Fuck off!”. 🖕

The American life span has gone down not up. Raising the retirement age is ridiculous. They want to raise the age in lieu of making the wealthy pay their fair share. They don't pay any payroll tax for any of their millions or billions over the social security cap of about $168K THOUSAND....THOUSAND. Everything they make over that figure is TAX FREE. They need to pay more so Millennials and Gen Z don't have to work until the DIE. The US population is geriatric. We need more young people working and the ONLY way to do that is to let the youthful immigrants in to the United States. PROCESS THEM QUICKLY and put them to work so we don't have to raise the retirement age AND vote to have the wealthy pay more into our social programs. It takes too long to have babies, educate them and put them to work. We NEED the immigrants. Our elected officials need to quit taking payola and do what's right for we the people!

Truthfully, the only way to get out of this--especially if you're 30 or under!!--is to buy IUL life insurance (Indexed Universal Life), set up a family trust, buy businesses (but still have a job!) and the whole extended family live together in a house (bought or built) large enough for all of you. Pay the life insurance monthly from working--and the business proceeds!--then borrow from the policy when you need cash. Only way to go about it. Single people will barely be able to make it anymore. Blessings! 🙏💞

The hell with boomers.

Deferred taxes, not no taxes. The benefit is that the assets may grow at a rate greater than the interest paid on the debt. Eventually the debt will need to be repaid, so assets will need to be sold to cover that. Taking on new debt to cover repayment of the old is another strategy, which further delays the payment of taxes. But the key point here is to defer, not never pay taxes. This is why the proposal of a wealth tax is being floated by the Democrats.

The same thing that is happening now, happened to Generation X in 1990s. And no one cares. No one mentions us in the news, statistics, or anywhere else for that matter. We effectively disappeared and we suffer in silence, financially speaking. The same thing that happened to us is going to happen to Millennials, because Boomers will not pass their money 💰 down to Millennials. Boomers are only going to spend it on themselves. Statistics tell us this. I don't blame Millennials for bucking the status quo: Go to college, get a good job, save for your retirement. The status quo doesn't work anymore. So, Millennials: Do your side hustle things, hit 🎯 up the stock market, do whatever you have to do out here to make sure you can take care of yourselves and your families. I support you and will be doing the same things myself soon. Smart people who see themselves slipping behind financially will join you. Blessings! 🙏💞

I need to be wealthy. Damn...

That is most definitely not the reason why the US can't tax them. A wealth tax would fix that. The reason the US doesn't tax their billionaires is because the politicians take money from the billionaires through campaign donations. It's corruption.

you don't say...

It is very f.cked.

Holy shit you’re a cry baby!! I’m a millennial and your figures are way off. All your videos are you crying for the wambulance and feeling sorry for yourself and blaming everybody else on why your life sucks. Pretty draining watching your videos not gonna lie😂😂😂

Only the poor pay into Social Security. The Social Security tax limit is $168,600. Raise it. Problem solved.

Did you know the brothers and cousins and everybody living in one home won't be home working together towards that one home

We need to go back to the old days multi-family homes

Your reasoning is flawed. Did employees get a 37k wage reduction for time saved for not commuting? If they did, then yes, they deserve a 37k raise.

Bro, I’m not a boomer but nobody was building wealth in the 2000s. We had a war that was promised would pay for itself with oil and a global meltdown where entire savings were lost.

The salary were different as well! 😂 $1000/month=2000/month= 3000/2weeks. Greedy… why ? Inflation?

Anyone with a decent pension and/or decent retirement fund should not be receiving social security.

Meanwhile the average salary is still 30k like it was 10 years ago