1994 - What Americans Thought About Their Money

Back in 1994, I got a job from Fidelity Investments to ask people around the country (men and women on the streets) what they thought about their savings, investments, their future, security, Wall Street and the stock market, bonds, real estate, etc. At the time, I didn't know much about investing and wasn't in the stock market. Looking back on it, things seemed brighter and more optimistic when these folks looked at the future, then things seem today. I'd love to ask all of these people (the releases have been lost) in the present what happened to their hopes and dreams and investments and faith in the markets. I remember that Peter Lynch who appears in this documentary was considered a great investment manager during that time and helped build the Fidelity Investments brand.
Looking back, in 1994 the USA was in a period of economic growth following a recession in the early 1990s. The time was characterized by a shift towards a more service-oriented economy, with the growth of technology and the internet driving innovation and job creation.
The rise of the internet and e-commerce created opportunities for businesses and entrepreneurs, leading to the creation of many new jobs in technology and related industries.
Despite the overall economic growth, there were significant disparities in income and wealth. The gap between the rich and the poor had been growing since the 1980s and this trend continued through the 1990s. Many workers struggled with stagnant wages and job insecurity.
The Americans who were making the most money back then were those in executive positions at large corporations, especially in the financial and technology sectors. At the time the stock market was booming so those who held high-level positions saw significant increases in their compensation packages. According to the US Census Bureau, the median household income in 1994 was $34,076. However the top 1% of earners took home over 14% of all US income. In 2021 the top 1% of income earners in the United States received approximately 16% of the country's total income.
During this period, the 1% were often in the financial sector with top earners in investment banking, private equity and hedge fund management. Top executives in tech companies such as Microsoft, IBM, and Intel were also among the highest-paid Americans.
In 1994, Fidelity Investments was one of the largest mutual fund companies in the United States with assets under management of over $200 billion. During that decade Fidelity continued to expand. In late 1994 (when they hired me to make this film) they launched their first online trading platform, Fidelity OnlineXpress, one of the first online trading platforms available to retail investors.
Although I never worked for them again Fidelity remains one of the largest investment management companies in the world. Their offerings now include not only mutual funds, but also ETFs, managed accounts, retirement planning services and other investment products. Fidelity is also a major player in the online brokerage industry with its Fidelity.com platform serving millions of individual investors.

[@TakodaRA8]

I really hope that lady got her ranch.

[@jonathanrouse]

TakodaRA She was stomped to death by her horse.

[@FUNNYMANERICWHITE]

@@jonathanrouse 😆

[@iron-farmer]

Hahaha

[@carlosmontanez1173]

One lady, one horse. I'll leave the rest to your imagination 😂

[@Repps87]

@@jonathanrouse hahahah this is so dark i had to put my morals away and laugh

[@karlwashington6414]

"Every day I have to wake up at 5 o'clock in the morning I'm ready to retire". Felt that

[@bigdubofficial6076]

I swear 😂

[@nicepokerface3465]

Still feeling it

[@TasteTheRambo]

Haha I made this same comment!

[@ernestoespinoza1260]

I’m glad I’m financially stable. I work Monday through Thursday 2nd shift so I don’t have to wake up early lol I also don’t have kids though.

[@JunkBondTrader]

I hate bed time. I hate waking up. I hate planning around these two fixed times. Literally the primary reason I am dead set on not working a 9 to 5.

[@talhahhuda1484]

isn't it crazy this is almost 30 years ago it feels like the 90's were only 10 years ago

[@warrenbuffet5152]

That's because we've actually regressed as a society since the 90's. The average IQ has dropped a lot since then mostly because of technology/ social media and our inability to think for ourselves. Our brains are a muscle. If we don't use them, we will lose them.

[@warrenbuffet5152]

@Lawrence Goldfox These are some reputable sources. Much of the decrease is attributed to environmental factors (education, lifestyles, technology, etc.). time.com/5311672/iq-scores-decline-environment/ www.swnewsmedia.com/shakopee_valley_news/news/opinion/columnists/column-it-s-official-intelligence-levels-are-dropping/article_8317aad9-876e-5c1e-804a-55cb6f297361.html www.sciencealert.com/iq-scores-falling-in-worrying-reversal-20th-century-intelligence-boom-flynn-effect-intelligence medicalxpress.com/news/2018-06-iq-scores-1970s.html www.nbcnews.com/think/opinion/iq-rates-are-dropping-many-developed-countries-doesn-t-bode-ncna1008576

[@patryuji]

@@warrenbuffet5152 I suggest you actually read some of the linked studies. It doesn't say what you think it is saying and the writers of the articles don't seem to correctly present the findings. For one, most of those articles are directed only towards Norwegian males. While one of the main studies (a meta analysis) discusses that IQ scores are going up but this is only masking what they refer to as "latent intelligence" (an example they give is reaction times decreasing from 1900 to 2000)...yet the author of the article claims the study proves IQ scores are dropping LOL!

[@warrenbuffet5152]

@@patryuji Norway, Finland, and Eastern European countries are a better representatives for Western countries because they are more homogenous Western countries. They also have higher average intelligence than the U.S. Latent intelligence is adjusted for the age group. I don't understand why that detracts from the reality that the average IQ is dropping. www.theguardian.com/news/datablog/2010/dec/07/world-education-rankings-maths-science-reading

[@hairyjute]

@@warrenbuffet5152 well said

[@Frosty-cg8xf]

Sweden: has at least 1 years salary in bank Canada: has 3 months salary in bank America: has 12 seconds salary in bank

[@JunkBondTrader]

I bring that Canadian average wayy down :) smoke em while you got em hehe

[@adeyinkaadegbenro742]

😂😂

[@erics8393]

swedish people dosent have that anymore...

[@DennisTrovato]

80s - I make a Dollar, I spend three. 90s - I make a Dollar, I save 25 Cents Today - You guys are getting paid?

[@ligerllama]

ᛞᛖᚾᚾᛁᛋ ᛏᚱᛟᚹᚨᛏᛟ If you’re someone who doesn’t get paid for their time but instead for results than yes. We’re not in a job economy. That infrastructure died decades ago. We’re in a skill economy. The more valuable your skillset is the more money that you can make even during a pandemic. A doctor makes more than someone who just shows up to count down when their shift is over. Shocking.

[@RonJohn63]

Sure I'm getting paid.

[@VaticusChadicus]

If you're smart you realize that even in this skills economy people making solid 6 figure salaries are still being squeezed due to the amount of debt it takes to accumulate the knowledge base to enter the skills based economy. On top of that you're being replaced by cheaper foreign workers and our dollar is currently being inflated away as we speak by money printing. New studies have shown that 1 in 3 people making 100,000 dollar still run out of money a week before their next pay check, because they haven't realized the American dream is gone. Your big house and your nice car and your student debt worth a middle income class house has chipped your salary away. It only gets worse from here until the eurodollar system collapse.

[@Boblib1970]

@@VaticusChadicus That's why now more than ever, you have to be smart about accumulating that knowledge. You need to exhaustively explore options such as community college, commuting to college, part time college, and night/weekend college as well as doing an honest assessment of the return on the college investment. For decades we were sold the college 'EXPERIENCE' rather than its utility and told things like 'just go to college, you'll figure it out' and 'go to a college that fits you and where you are comfortable' and 'college is where you gain your independence' and 'college is the BEST time of your life' etc etc etc. That along with decades of being told that college was the be all, end all and that you HAD to go there to be successful, is it any wonder we are in the student debt crisis that we are in?

[@Dollsteak69]

Nonsense. The 90's. I make a dollar, I invest 75 cents in a S&P making 12 plus % year over year.

[@daisy8284]

The 90s were an amazing time to be a kid/teenager!

[@automnejoy5308]

The best! It was objectively bad to be a kid after the 90's for many reasons.

[@kyoakland]

Agreed loved it

[@SARYM911]

@@automnejoy5308 Yeah..Nostalgia bias may exist for every generation but objectively some decades simply were better

[@Zaz5y]

Burisma Joe You are disagreeing by agreeing with what he said?

[@defoperator7993]

Playing outside with the whole neighborhood for hours on end

[@pg9193]

ah, the relaxing personalities of people who still lived in a tangible, shared reality

[@andregarcia3355]

I was a teenager in the 90's and the the thing I miss the most from those times is to miss someone. Today missing someone is a rare feeling..and i'm not a social weirdo! We have so much distractions, entertainment and stuff going on that most people today doesn't get the most of simply being with... people.

[@aftab277]

So true! People don't care nowadays. They don't put efforts in any kind of relationship. They are not bothered if you don't fit as a 'perfect' person to them. The brain washing that you don't need anyone is real. lol

[@shiptj01]

You're right.

[@jorgeecheverri6805]

all by design

[@Dynamoduck-nf4ws]

If only there was someone who would miss me

[@BLACKOPS6391]

people are too busy trying to make themselves look good to everyone else, people are genuinely fake and uncultured

[@chbrules]

80s: I make a dollar, I spend 3. 2020's: I make a dollar, I leverage 3 home credit lines to buy a $80k SUV I can't afford at 0% interest for 84 months

[@alexsloan4976]

chbrules 2060’s: I make a dollar, I now own roughly 30% of the land in Uganda and Costa Rica

[@elainemccarty1195]

Lol😂

[@meeravalinawab9372]

True

[@ven0IVI]

Don’t forget the annoying sound system!

[@manictiger]

2025: I put on my nuke suit and I now own an entire city... Well, what's left of it.

[@sadietravels6213]

I wish you could talk to these people again a little over 25 years later. How did things work out. We’ve had quite a ride over the past 25 years. I just started working in 1992. I remember that time very well.

[@sadietravels6213]

gumbo I was very fortunate to have a good job over my working career. I am an Accountant. I think I did ok. I took the advice to invest early . I think that is really the best advice to young people invest early and do as much as you can afford. I have been giving a lot of thought to what has gone on over the past days,weeks, and months with the pandemic. Without a doubt , it may be the most challenging time in all of our lives. I am praying for everyone as there will be job losses. I keep asking how will this end? What will America and the world look like?

[@sadietravels6213]

Marcus Danube Marcus Yes, the 1980s were almost as cool as the 1960s.

[@TimeDefeater]

1994 to now: 420% profit on the sp 500

[@VaticusChadicus]

2010 to now almost all those "profits" on the s&p 500 are due to stock buy backs and other financial engineering techniques. Just like before the gfc. And just like before corporations get bailed our with our money again- only then billions were the new millions, now trillions are the new billions. Goodbye purchasing power.

[@user-td7xf3gz4l]

People in Peter Lynch's fund did extremely well and are likely all easily multi millionaires

[@milkncookie]

I very grateful I have enough to retire for the rest of my life, however I just need to make sure I die by tomorrow, midnight.

[@greggeverman5578]

Underrated comment.

[@JunkBondTrader]

plot twist you're also 86.

[@londonghoulchannel6409]

Man the internet sure killed the human spirit

[@u-shanks4915]

No humans killed the human spirit 2008 crash Wars, narcissism, outrageous laws. Injustice. Greed. Lack of education. Debt

[@millsykooksy4863]

Lmao

[@teccash3507]

@@u-shanks4915 no he’s right social media’s platforms have killed the human spirit in every way it is

[@teccash3507]

@That One dumb ass without this social media’s platform evil shit the plandemic went have everyone stress out an dey wouldn’t be able too keep putting in your face are mindset if this devilish ass social media’s platform wasn’t existing dumb ass cause ppl wouldn’t be wrry about this evil man made ass virus 🦠 cus people will just be living dere lives an the government couldn’t get there attention like they doing right now cus of the evil ass social media’s platforms dumb ass so wake up

[@u-shanks4915]

@That One You would actually rely on yourself, which can be a good thing.

[@misterj1396]

“CDs are very low” Oh you have no idea how much lower they can get lol

[@Denny_Dust]

I know right. I had a CD from 1992 that was 6%. I took it to the bank and they couldn't believe it, you couldn't find one for 2% these days.

[@cashcow4383]

Can you imagine what the mortgagr rates were , like 9 percent lol good grief

[@Elguapoe]

@@Denny_Dust thats why im taking advantage of what nexo is offering . 8% from over collateralized lending of crypto.

[@specialboy957]

That gentleman's outlook at 7:00. Time to buy people!

[@MsDragonbal776]

@@Denny_Dust 6%?? My CD was for 0.02%

[@JB-js4xi]

The only thing I DON'T miss about the 90s---high long distance phone bills.

[@daloin87061]

I could imagine it wasn't cheap.

[@kevtom1686]

.....and grunge, shit music, etc. We lost the soul of the country in the 90's.

[@ls6-ss413]

In 95 my cell phone bill was almost 150.00 a month 🤨

[@kyoakland]

I miss the 90s

[@MasterBlaster220]

@@kevtom1686 The soul? What was the soul? No offense, im just asking from a Germans point of view.

[@loganstrait7503]

I can't tell if it's the blinding of nostalgia or if we really are living in the shadow of a world that fell.

[@SuperRadChad]

the latter

[@melissak8892]

@@SuperRadChad agreed, the latter.

[@timrc666]

@Lucifer *most things worse

[@EXTREME4YEARSTOCOME]

I have looked and thought long and hard about it and I honestly feel it is the latter.

[@JNeil1975]

I was 19 in 1994. I would absolutely relive the 90's! Gosh, we had no idea how much America would change by 2021!

[@rtql8d]

What Peter Lynch said was true, people spend more time planning their next vacation than their next 30 years. His books have given me solid advice.

[@dogelife7901]

He is right, but that is how the system is set up. To recycle workers over 20-30 years until their kids can replace them (and for less $$. They don't want or need financially adept masses.

[@TheRealGnolti]

A house in Spain, a house in Australia, and a house in New York? Somehow I don't think they acquired those with mere savings.

[@eccremocarpusscaber5159]

George deMan and also - that woman must now be bald. Bald as an eagle.

[@mattbrown292]

With how ridiculously easy it is to leverage yourself into real estate it really is probably savings. The bank will consider rent as income so you can basically buy infinite property after you have your first one.

[@eppsislike]

@@eccremocarpusscaber5159 But an eagle is not bald, it still has feathers on its head.

[@TheRealGnolti]

@@mattbrown292 Overleverage yourself far enough and your "ownership" status becomes somewhat shaky.

[@jasoncarr5379]

Overkill very sad!

[@isaacherrera8859]

2020: everything on the dollar menu is $2.75

[@thatdude034]

2050: McDonalds Introducing the $10 menu

[@goldeneaglereborn]

@@thatdude034 more like in 2100 but its definitely coming

[@juliopeinado2660]

What is the point of calling it the dollar menu?

[@thatdude034]

@@juliopeinado2660 Well technically it is still a "dollar menu" since the prices are in USD. It's just not a "single dollar menu".

[@flynnlivescmd]

Originally the dollar menu meant $1 items. Now they call it the value menu because they want to pork up their pockets and the fat sheep will just keep shelling out the cash for them.

[@joshhaughton1893]

Can't help but notice, everyone seems happier in general in this video.

[@TheJuice92]

Very true, there has definitely been a mindset shift since then, perhaps its the cell phones

[@orangescrubb3390]

Homesick for a place that doesn't exist

[@plantface510]

That’s when we were in America

[@tytylive4u]

No social media

[@beey1718]

bigwaffle48127 I mean they weren’t going to include people looking glum? You can’t judge a whole society based off one short video

[@randomperson6988]

Looks like a whole different world

[@bezetuba]

it was. Few wealthy economies: Common Wealth and western Europe owned most of the world's wealth. Also, wealth distribution within the countries was much more equal with less billionaires. It was less globalized and no internet created more opportunities for local businesses. Best times to live were 70' in France, 80' in Germany, 70', 80', early-to-mid 90' in the US. Not sure about Canada, Australia, UK and Italy.

[@DillonRust]

Never before in history has so much changed in such a short period of time. The collapse of the Roman Empire took a thousand years. America was finished in the click of a button (the Internet)

[@user-vi4xy1jw7e]

@@DillonRust how has it collapsed?

[@yt.personal.identification]

@@bezetuba Australia checking in here...70s 80s to early 90s.

[@AlexanderLane2000]

I hope they all did well.

[@BeingLifted]

I was 34 in 94. Single, no kids. I didn't know much about the stock market but had a 401K and savings. I could've put more in the 401K but I figured that since I was working to have travel and adventure, that was as important as retirement. And there was always the assurance of Social Security. Or so we were told. In 2001, I needed three surgeries. I bought a house with a man who suggested I quit my job which, for a number of reasons including surgery, made sense. I wouldn't be contributing to my 401k for a little while but I figured it would still be growing and I'd kick it into gear later. One day, I got a check in the mail. It was my 401K -- I didn't realize you had to meet a minimum amount for them to hold it open. I was only about $1500 under the minimum and wanted to pay in but they said it was too late. It went into savings, then was used to keep me afloat through my surgeries that year. Hospital stays are expensive -- the 401K got spent. Fast forward to 2002. I gave up on the relationship, and all but gave him the house to be done dealing with him. I got an apt. and, upon layoff in 2010, went to film school (my costs were mostly funded by the State after aptitude testing). Graduation was happening just as the film tax incentive was cut in my state (it'd been BOOMING until then) and local film opportunities died for me because I needed a livable wage. I needed something steady and for more than $50 a day so I went back to what I was doing. Now it's 2020. I'm making the exact SAME wages as I was in 1994. Back then, they'd increase by about $1/hour every year. Same wage but now it's stagnant ... no raise in 4 years despite increased responsibility. I don't have a 401K and have little in the way of savings. I'm living check to check and, being great at budgeting, it's depressing to spend much time thinking about. The last adventure I could afford was just before we bought the house. The most I've been able to swing since is somewhere within a few hours' drive for a weekend, and those trips are very limited. I was living my best life from 34 to 40, still on an upward trajectory but hit with a few unexpected surprises. I'll be a young 60 later this year and want to say I wonder what happened, but I don't wonder. I watched it all. Sure, I can take some responsibility for it. There were things I could've done differently. And there were a lot of things that govt. didn't need to do differently but did, as well as things they needed to do differently, and still do IMO. I'm sad to say that unless you were on par with your ideal American savings dream before 2000, it's just a pipe dream for the majority of us today.

[@DavidHoffmanFilmmaker]

Thank you Jane for sharing a part of your life experience. I know many people who have had something similar happen to them. Including me. That's a part of the reason why I am working so hard on KZbin. At least I can make a part of my income, my necessary income, here. David Hoffman- filmmaker

[@BeingLifted]

@@DavidHoffmanFilmmaker I'm sorry to hear about the curve ball life threw at you. Though I wish you were blissfully enjoying retirement, I can't say I'm sorry you're working on KZbin these days. Yours is a phenomenal channel, David! Thank you for bridging the many generations you do here. Whether I ever do any film-making or simply write a blog, you are a well-loved mentor to me and, no doubt , many others.

[@jorn978]

Thank you for sharing your story Jane! I hope all goes well for you in the future

[@BeingLifted]

@@jorn978 Thank you. I wish you all the best, too.

[@HFrevive]

it's simple, USA defeated the USSR in 1991, then the corps have no one to fear so they can cut back your wages. When USSR was at its peak, the corps had to give up part of their earnings to calm down the people. But after 1991, they just start to move all the factories to asia, and don't increase wages for a long period of time. If another superpower rises in the future, most likely China, the American people will be living a better life again.

[@TheSvs1]

God, I miss the 90's. People were so calm and reasonable.

[@jminkvihubyb]

Unless you were in the ghetto lol

[@keynesianeconomics4113]

You must live in a bad area. People in my city are calm and reasonable. Helps being a very established upper middle class area.

[@inahaze76]

I was 18 in 1994. Maybe it was my age or where I lived, but not many people of my or my parents' generation were acting calm or reasonable. Constant stress, drama, and belligerence. At my current job a lot of the Zoomers and younger Millennials I work with are pretty calm.

[@JGD185]

I think the 90s was the last great decade. Great music, movies, less political correctness, more optimism. I'm glad I grew up then instead of now.

[@johnv8646]

@@inahaze76 Some of the scariest things I've ever witnessed regarding human behavior occurred in 1994 in Ontario CA, watching parents manhandle and drag their children in grocery stores, etc. The atmosphere in southern CA in 1994 was massively gang-like and I actually spent a lot of my life terrified in 1994-1995 walking to school and everywhere. I was getting beat up and hand-delivered death threats in 1995 so we finally moved to Northern Indiana in March '96 which wasn't much friendlier lol. But anyway, I'd bet money those same parts of Southern CA are much less scary now. The social and visual atmosphere in 1994 was much more wired and restless than it is today. Even with this amazing video it can only capture so much.

[@bunkerputt]

I remember those days. Average homes cost $30,000. A mansion was $100,000. OJ's beverly hills mansion was $500,000.

[@aliameagan8606]

I remember losing my shit over a $100,000 mansion in 1995.

[@Montoyos]

A house here In CA in a decent neighborhood gonna run you almost a mil if you go to the bad parts you might get lucky and find a shit shack for 500k

[@MaNFrMTaUR3D]

People looked happier back then

[@angelgjr1999]

Everything went to crap after 9/11

[@automnejoy5308]

They were. It's like night and day.

[@highnw2034]

fracturedEnglish please... no they don’t 🤦🏻‍♂️

[@GetFunnied]

ur mother

[@MasterBlaster220]

Beeing born '87 i can tell you, it was better then. Also here in Germany, but you see it was the same in the US. If you look at the TV back then, like Married with Children, which you COULD call cultural marxist in a sense, EVEN that looks conservative and "normal" compared to all the sick crap you got today. Its astonishing. Everying went to crap after 2000.

[@ari7610]

You can tell how much more financially stable the average American was back than bc of how unconcerned they all are about their financiers and how positive their outlooks are. People wouldn’t be so cheery answering these questions today.

[@panchovilla7580]

Yep. Literally nobody would be "cheery" today answering these questions. Most people would say "I don't know where my next check is coming from".

[@jferg8956]

You missed where people said they don’t like to save

[@noahmoody1640]

Jordan Furguson people love to save, it’s just impossible to save on starving wages

[@christianalley7669]

@@noahmoody1640 then learn a valuable skill and get payed more.

[@noahmoody1640]

Christian Alley in order to learn a valuable trade you must go to trade school, which requires tuition. When you can’t afford to feed yourself after paying rent you sure as fuck can’t afford tuition.

[@billn.1318]

My dad was an immigrant. Came to the US in 1992. Opened an audio and video business. Had his own lot in Van Nuys. He worked real hard. Was at work at 630am and wouldn’t be out until 8pm. Business was best between 5pm-8pm. My dad wasn’t a wealthy or rich man but we lived in our means . He didn’t go out and spend money on restaurants or things we really didn’t need. His business was priority. By 1999 he sold his business and around that time people could buy electronics direct. Bestbuy or frys was big brand. He was able to get most of this money and using it for retirement. The kids, however, didn’t get shat. He told me that he gave his 100% to provide his kids paid education.. but college, we had to learn how to work our ass off. Later over the years, I told my dad I was going to buy a house. He gave me surprise funds on putting money down for a house and told me this was the reward for not complaining that dad never helped us financially. I cried about this and he and I have a good relationship now. Save your money. Use it when it’s really needed.

[@MichaelSmith-ij2ut]

They were all so young. So innocent. No 2008 crash. No Covid Recession. No 9ing their 11s. What a magical time.

[@pinksapphire2898]

Also the 2,000 dotcom crash.

[@ultrapaiva]

They had the 1987 crash which hurt a lot of people. That’s probably the reason they talk about the 80s being the spending decade and the 90s being the savings decade.

[@dogestranding5047]

You’re acting as if there weren’t downturns at all back then.

[@sohogen8482]

@@dogestranding5047 bunch of kids commenting without knowing any history

[@ViajeroAstral]

Europe and LATAM: Nope.AVI

[@lrow5416]

I agree with the woman from Sweden - “Americans spend a lot of money...on junk!” I’ve been guilty myself and am now at a point where I want much less. With the economy as it is, I think more people are like the existential guy, unable to plan.

[@joaopaulob80]

Lol... you say this 'cause you never heard about we brazilians. We yes spend too much. It seems to be insane !

[@angelgjr1999]

30mate I try to save atleast 20% of my income. Even I feel like that’s not enough.

[@marklalonde4713]

I save over 50%. I'm half Asian tho

[@randomvideosn0where]

I used to buy so much junk as a kid. Now I pretty much buy consumables and the odd thing here and there (new laptop every 4 years, replacement parts for my bicycle, etc.) and as a result save about 50% of my money.

[@Astarrrrr]

You have a plan until what something like a virus with the threat of a recession looming everyone’s being laid off etc etc you have a plan until u get punched in the face

[@explorerquestioner9365]

“Americans spend too much, on junk.” That statement just keeps getting more and more true. It’s a good time to work in the marketing system, in a time of greedy, stupid people.

[@kriskris3617]

So true

[@KMACKTIME]

“Buy and hold GME” wow that old lady was spot on 😂

[@ArcaneEiro]

Timestamp?

[@fedzalicious]

How's that working out? It peaked at $350 but it's dropped to $60 in just 2 weeks. You don't know what a pump and dump scheme is, do you?

[@commanderroot8174]

@@fedzalicious Judging by your comment neither do you lol. GME wasn’t a pump and dump, it was a short squeeze. Given that short sellers have to release their data today or tomorrow, it might peak again.

[@Haimovic10]

I came here for this comment.

[@fedzalicious]

Even now it's overvalued. The company doesn't make money. In fact, it's operating at a loss. The recent spike, on the surface, was driven by emotional investors "sticking it to the man". But isn't it feasible that the main instigators on Reddit convinced the masses to buy after they'd already gotten in at $20 and started the rise. Then as soon as it was looking ridiculous they dumped every penny. And maybe they went short at the same time. The thing about pump and dumps is that people don't know about it, otherwise they wouldn't invest. And at the end of it all "the man" is doing just fine while it's all the dumb money that loses out. But we'll see what the price does in the next week. Nothing's a sure thing.

[@guapscotch9029]

People seemed so much more genuine and real back then and chill. Now it’s just this hyperactive society jumping off the walls and you never really know what is what anymore, if that makes sense

[@MaiMai-ys4yg]

100 agree!

[@B4NDllKOOT_]

I know what you mean. Idk what it is but it could social media I.e Facebook, Twitter , Instagram , Snapchat , and now tik tok. It desensitized something in us in the new generation I’m an ‘02 bb me ik what u mean

[@TheRubberStudiosASMR]

Your channel is truly special. It’s like time travel.

[@jamesrossmann4177]

- He whispered

[@warrenbuffett4164]

People in 2020 “I save toilet paper”

[@purefire21]

2020 no toilet paper to buy

[@hdunter4500]

😂

[@YouTubechangedmyhandle1]

Scrolled thru the comments cause i figured they were wholesome, wasn’t disappointed at all. Oh the 90s...we miss u dearly

[@respectedgentleman4322]

And yet in the video they were pining after the 80s

[@MrEnric98]

@@respectedgentleman4322 That makes you think. I personally miss the 2000s. It's probably a generation tradition to miss past times. And probably wrongly (because it can't be all downhill forever)

[@jroig824]

Nice surprise to see legendary investor Peter Lynch here. He and his colleagues at Fidelity were absolutely right, as time has proved

[@jayjaytailor]

I think we need to see these kind of reminders more often; most people prefer not to think about the future as it's too hard to deal with....especially where money is concerned.

[@jimmcintyre4390]

I have mostly invested in toilet paper.

[@jimmcintyre4390]

Donna G 🤣

[@appleslover]

Covidiot

[@gary1961]

All these toilet roll hoarders - at least if they catch coronavirus, they'll die with a clean arsehole.

[@headiero]

@@gary1961 it's like they never properly wiped their ass before🤣

[@kchannel4299]

Flushing your money down the toilet eventually...

[@Osiwan960]

1994: have savings "in case something bad happens" 2020: hold my beer, that's my cue

[@jeaniechowdury576]

Yup. Some bad things are happening.

[@TheSpaceCowboy454]

Yeah, and that savings was for a major car or home repair or unexpected job loss, not a global crisis/ collapse.

[@vasiljambazov]

Whatever happened in 80's and 90's it can't get even close to 2020... we compete for the worst year in history, pals! ;)

[@frankcostello9523]

I could see the fear in that mans face when his gf said “A House in Spain, a house in Australia, and an apartment in NY” you could almost hear him gulp.

[@pkrent3461]

Yeah i wonder how much money did she suck out of that simp

[@Anandaapologetics]

@@pkrent3461 stfu

[@wronggg]

"Marry rich." Now that guy is smart!

[@FinanceOptimum]

*Absolute Chad move!* 😂

[@rammohan1991]

No he is a low life degenerate .

[@SerafEnd]

Melania took the advice

[@dewilew2137]

Wrong! I’m still holding out hope lol.

[@warrenbuffet5152]

Doesn't seem to work for men. Even male model former prison inmate Jeremy Meeks, had to become a millionaire model before he could find a rich person to "marry".

[@MrLyosea]

0:29 Even in 1994 the 80s were considered nostalgic! XD

[@cosmeticscameo8277]

the 1980s was truly a decade of indulgence and money was flowing in like crazy for some. so yes good times = nostalgia.

[@thekoalakingdomshow6319]

@@cosmeticscameo8277 It's crazy to think that the 80s was so prosperous that a new accent came about in response to it lmao. The "Valley girl accent" is what I'm referring to.

[@cosmeticscameo8277]

@@thekoalakingdomshow6319 the valley girl thing was really just a socal los angeles thing. but of course los angeles /california has long since been the hub for pop culture and anything that's popular people emulate.

[@momoneylessproblems9183]

We really hit a perfect balance between technology and face-to-face interaction in the early to mid 00s. Now weve gone overboard with the Internet social media smartphones online gaming etc. Its a sad world we live in and technology has been doing more harm than good for a decade now.

[@ChinkyChan]

“Real estate, real estate, REAL ESTATE” in other words “let’s buy all the houses while they’re cheap & sell them 10 fold to a generation who’s dollar isn’t as valuable”

[@caiuscosades362]

Millenials own 4% of US real estate compared to boomers who owned 30% at the same age.

[@au5tinic38]

It’s called the market it’s not as bad as you think ;)

[@caiuscosades362]

@@au5tinic38 It's called an economy dominated by a post war cargo cult.

[@LucasFernandez-fk8se]

@@caiuscosades362 to be fair within the past 10 years we haven’t built enough suburban housing. Since 1950 or so we have built 1 million new houses a year in America but since the recession it’s been 200k-600k a year, add to that the great trump economy and rising wages mean that home prices ballooned pricing young buyers out of the market

[@Nerd2Ninja]

Don't worry, that person definitely got rekted in 2008

[@sharonh2991]

The reason people were still putting their money in CDs back in the 90s was because in the 80s it was the best investment. In the 80s you could get 6% just by having your money in the bank.

[@TheWallsocket]

You could buy federal treasury bonds at 12-13% in the 80s

[@HankTheTank23]

@@TheWallsocket You have to remember that inflation was also very high during these periods.

[@protosspc]

Inflation was at double digits coming out of the 70s so you were still losing purchasing power on a CD.

[@IronMaidenDoD]

Inflations worse in the past 15 years than it was back then. Inflation has skyrocketed

[@IronMaidenDoD]

Thats why i dont really keep my money in a cd. Youre probably not even breaking even with inflation

[@michellemarie1197]

The 90s seem like a luxury compared to today's standards

[@warrenbuffet5152]

Underneath this facade, the economy was slowly being dominated by a few large conglomerates and labor unions, pension plans, and people's properties were being seized or eliminated. The over dependence on technology, narcissistic, material behavior began in this era. We're living in the 90s today, if all the bad stuff back then took over society completely.

[@jaredkushner5024]

They're not. They were poorer. Why are you people so negativistic about the present day? It's extremely obnoxious and anti-factual.

[@malcorub]

@@jaredkushner5024 Agree, I was poor in the 90's. Now we have money in the bank and we can travel the world freely...these were just pipe dreams for me and my family back then.

[@dawsonsschittcreek5395]

@@jaredkushner5024 stop trying to sound smart, kid.

[@StarFox_SNES]

@@malcorub Don’t confuse the fact that you’re making more money today simply because you have 25 more years of work experience under your belt and the fact that you’re “wealthier” today. Somebody with 25 years of work experience today has MUCH less buying power than someone with that much experience in 1994. Look at the cost of housing compared to median incomes today versus 1994.

[@oneyearvisa]

Now we dream of being debt free, and living in a van on the street. What will they say about us in 30 years? What if TODAY is the good times? Yikes.

[@manictiger]

Probably. 2051: "I miss having beef. What is this, anyway? Rat stew again? Shhh. I think I heard a gunshot. Put the fire out!"

[@ayliniemi]

That's a good mindset to have. “For if they do these things in a green tree, what shall be done in the dry?” Live today like it's the green. Never ask "Why does the past seem so much better than now?" because this question does not come from wisdom. (Ecc 7:10)

[@panchovilla7580]

90s were the last good decade. No social media, most people were financially well off and debt was minimal. Today is dystopia.

[@INeedbigfoot]

Trickle down economics really worked guys omg.

[@ryanlam7882]

@@INeedbigfoot minimal debt + no social media = trickle down economics?? when did he mention that

[@hash1624]

It's been going downhill since ww2

[@mantality312]

Lmfao you think ‘most’ people in American society have ever been well off? Poverty rates have actually decreased since this video was filmed. Most people in America have always been poor. The only difference is it was taboo to speak about publicly until recent years.

[@hash1624]

@@mantality312 cool story bro. Suicide rates are at an all time high though

[@metalgrinch]

"Americans spend a lot of money... on junk." 2010s: people collecting Funko pop dolls at $13 a piece.

[@ThomasStuart]

SergeTheBlerge Hunter x Hunter pops JUST came out tho

[@CoachellaAngel]

$13? I’ve paid like $100 for a collectible lol

[@marcusspencer4767]

SergeTheBlerge I sold one for $76 the other day.

[@Alex-343]

Ive spent thousands on plastic and cardboard. Omg.

[@AlexFlockhart]

Are you forgetting about the beanie baby craze? People put their life savings into those, and I wish that was hyperbole.

[@freddydurst5721]

1994 Celica . Scotty Kilmore

[@DavidHoffmanFilmmaker]

??????? David Hoffman - filmmaker

[@StevieDamnit]

@@DavidHoffmanFilmmaker Scotty Kilmer is a famous KZbin mechanic. A real character. A common theme in his videos is where he boasts about how the 1994 Toyota Celica is one of the most reliable cars ever made.

[@carlthefriendlyllama2126]

@@StevieDamnit the most annoying thing about that is he barely drives his Celica. If I'm not mistaken, he puts less than 1,000 miles a year on it.

[@rixille]

@@carlthefriendlyllama2126 The less you drive a car, the more reliable it gets. That's a fact.

[@carlthefriendlyllama2126]

@@rixille then Scotty could buy a Jaguar and call it the most reliable car ever since he rarely drives his personal car.

[@woketopian112]

Everyone looks so much happier and healthier than nowadays

[@bojansimic4251]

Back then everything used to be so much better. Even the future. - Karl Valentin

[@kingbrouwer1534]

No social media

[@tedm6894]

I think this is why millennials have a mental health epidemic. We know our parents had it better.

[@Peglegkickboxer]

They were a lot more free back then. We allowed government to get too big and good strong.

[@woketopian112]

@@Peglegkickboxer being HD video and audio recorded at all times has had psychological effects on my mind :(

[@SuperSavagepumpkin]

David, let me tell you that this KZbin channel is hands down my ABSOLUTELY FAVOURITE. Thank you SO MUCH for uploading these gems. Keep up this AMAZING job!

[@DavidHoffmanFilmmaker]

Thank you so much. David Hoffman - filmmaker

[@AeromaticXD]

I feel like the modern day situation is like the quote “It’s called the American Dream because you have to be asleep to believe it” - George Carlin

[@Riez_00]

Oh yes G.C. the legend 💯.

[@perryoparsonneseatingjuicy8738]

Aeromatic no shit I JUST came from his ‘Brain Droppings’ book audio here on KZbin then I see this in my recommended, go down in the comments and read the same insightful quote I just heard not 30 min ago. You’re spot on

[@BigRodd91]

@Rage Quit I know everyone else is just lazy, dumbasses! 😠😂🤣😎

[@AeromaticXD]

Rage Quit but he’s a South African who started off with a rich family?

[@mysticaltyger2009]

IT was the case in 1994 as well. People just have fewer illusions today. Except now many want the government to provide the American Dream for them, which is even worse.

[@GavinLawrence747]

I remember being 18 in 2001, and blinking and it was 2005/06 and local house prices had skyrocketed to just absolute insane levels. They never have returned to those sensible levels. This is in a seaside town on the west coast of Scotland too!

[@GavinLawrence747]

@E C Yeah that's a cool observation! I was working in the airport when Sept 11th happened.

[@shawnallenstrausser715]

This is my favorite video of yours. It highlights almost all financial wisdom through the diverse eyes of Americans. Absolutely world class.

[@RedBarron009]

This is actually very informative! Much better than commercials today!!

[@arikalamari19]

It's eye-opening😄how different the americans looked, almost charming, and spoke, intelligible. Crazy what happened to this country

[@hristiyanhristov2480]

@Águila701 Wonder who's culture is built on that.

[@collinathomas7]

Actually they all still sound pretty stupid and brain washed to me.

[@dearaisling8921]

Hristiyan Hristov whats that supposed to mean?

[@danieljimenez5572]

They don't make it easy to save money in the United States... The economy thrives on the people's inability to save money.

[@360.Tapestry]

"you deserve the best"

[@kriskris3617]

Might not be easy but it’s each persons fault whether they save or not

[@peterwallis4288]

@John Eric interest rates around zero yet there is still inflation. it's a tax by stealth.

[@M3Besh]

Ironically, the interest rates were pretty decent for savers back then. That said, as a trader and investor, this video fascinates me. What an amazing time to put money to work... And this was their mentality.

[@M3Besh]

@Águila701 I use Etrade for the markets and Bittrex for crypto.

[@M3Besh]

@Wyatt Martinez Their Think or Swim platform is the best. If I could go back, TD or Interactive Brokers would be it.

[@Inquiring]

Wyatt Martinez Thinkorswim is awesome! Keep large amounts of stock in TD Ameritrade

[@wl2486]

do you have any memory of the ING Direct savings account? I was a child, but I remember it was 6% for a regular savings account! I can't even imagine.

[@mdouglastv]

"Retire and go into archeology" Aww wished he did that to begin with :(

[@mattp4953]

This just speaks volumes at how much poorer the average american is now than they were then. Look at the financial 'goals' these people had at 2:10. For Example; a house in Spain, Australia AND and apartment in NY? The average young person now just wants a house by the time of their mid-life crisis. The rest of their goals are pipe dreams from the perspective of today's youth...

[@BadMannerKorea]

Matt P Yeah because statements made by three people back then represents the economy and all Americans. You’re insane, pal.

[@RonJohn63]

@@BadMannerKorea especially when those people were in Manhattan.

[@ryanschmidt3913]

The fact that they're in New York, likely as residents to begin with speaks volumes about how much money they already make. Those are the rich's dreams. I don't think you can compare them to those of average Americans from any time.

[@bane3991]

The average American is 100x richer now. It was common for households to only have 1 car per house back in the day. Now, every kid has 1. They didn't have computer, cell phones, smart watches, 4K tvs etc etc etc that we do now. If you took a 90s middle class family and put them in society with us in 2020 they would be very lower class. The average lower class household in 2020 has a higher standard of living than the average middle class home in the 90s.

[@kyoakland]

@@bane3991 this is san Francisco

[@DontFuckWitDreDay]

RIP to some of these people.

[@warrenbuffet5152]

Why? Boomers ruined our lives.

[@MoMotivation0304]

Right. crazy to think most of them 50s & up during the time of this video aren't alive today.

[@NotShowingOff]

Maybe some, but Peter Lynch is still alive.

[@DontFuckWitDreDay]

@@NotShowingOff I hope so! He's a legend!

[@peterwallis4288]

@@warrenbuffet5152 most of them had no political power. just like most of us.

[@__NJ__]

2:47 “everyday I have to get up at 5 in the morning Im ready to retire” manee felt that

[@cliftonconnor9389]

Now that was funny!

[@max7768]

I sincerely wish my generation(z) has a decade as good as the 80's. When I heard that man say "The 80's were terrific, I just wish they came back!", it blew my mind that someone could be so happy for an entire decade. We can't get a good week let alone a whole 10 years.

[@bladeer]

our generation is the most depressed this new recession is going to kick our ass hopefully the 2030s will be better but this decade will suck

[@thekoalakingdomshow6319]

@@bladeer Atleast we aren't millenials. We prepared our entire lives for this bs economy. Millenials were thrusted into with the expectations of it being like it's "always been". So in my opinion we are either going to do alot better than millenials or much worse.

[@wongelfski4681]

My retirement plan: die 1 million in credit card debt

[@menjolno]

It's not debt if you can't pay

[@antondavidoff150]

They will come up with a law where the chuldren inherit their parents debt... however since they discourage family and children they will pass the debt to the public in general

[@dogelife7901]

if you owe them $100 it's your problem, if you owe them $10,000,000 it's their problem.

[@XtremeConditions]

lmao just make sure you don't have some big estate or your kids won't get shit of it. Other than that, they can't collect from a dead man. XD

[@LouisJasper]

If I don't have a wife or kids when I get old, that's what I'm going to do. Just blow all my money and take out massive loans and just live like a king until I die. The least I could do is screw the banks like they have been screwing the American people for the last 40 years.

[@ransom182]

Saving rates went down because manufacturing left the country, wages stagnated, unions were busted and healthcare costs exploded. People borrowed the difference to maintain their lifestyle.

[@omegahaxors3306]

The death of the union was a largest part of that. Once they were gone, quality of life plummeted.

[@douglasdollars]

Thanks for sharing this, David! Super interesting to see people's feelings and perceptions at the time. Nice to hear from Lynch himself with advice that is still solid.

[@damondominique]

god i love these videos

[@bryanabarca9860]

Damon! What are you doing here?

[@chrislanejones]

People's wages were a lot better, and many of those jobs required no college.

[@Nikki-ks6wi]

Who hired them though? 🤷🏽‍♀️

[@stevienguyen2047]

Things get more competitive over time..

[@lambynighttrain]

The wages weren’t better the money was more valuable. You need to understand inflation does to paper money.

[@chrislanejones]

@@lambynighttrain True, but there are some jobs that have had to cut their wages, TV news and news journalism (my degree, big mistake) are now more competitive but cut their salaries during the recession and never raised them afterwards.

[@Big-Government-Is-The-Problem]

wage stagnation is because of the millions of legal and illegal 3rd world migrants we bring in that are willing to work for way less, and also inflation is a major issue.

[@patson187]

I'm from Germany, and it's surprising to see that so many things are alike within our countries, yet we have so many differences. You can tell from the video that back then, the regular people had a better financial situation than most of us do nowadays. That seems to apply to the US, just like Europe. A family, a house, a car, and a vacation was just way more common than it is for current generations. You can tell that people seem to be happier and more comfortable with their lives. To me, that is a direct consequence of a better financial situation. And, surprisingly, the advice from all of the experts was the same 25 years ago: savings, investing, real estate, stock market, Taking Risks, diversification, and so on. And just like today, most people don't listen but spend their time and money on topics and items that do no good at all. :D

[@surr3al756]

Its very interesting watching your films from the 70's (particularly 79) and then watching films from the 90's. Its a big difference and its cool to see.

[@norwegianblue2017]

The problem today is that saving money doesn't pay. Back in the 90s I remember I had a fairly short term CD at a local bank that paid 8% interest. Good luck finding that today. Not to mention the government is printing money at an unprecedented rate, making your cash in the bank worth substantially less over time.

[@muiscnight]

I want to jump into my computer screen back into these times, as a kid I thought back to the 90's as boring now as an adult boring=good

[@TheCastedone]

Man the 90s were sweet. A big bag of chips is damn near $3bucks now. Remember him was like 10 cents

[@Jimmy_Jones]

Go back and invest in Apple, Amazon, Facebook and Tesla

[@sirstevekensington1563]

@@Jimmy_Jones Back in 1998 Apple was at $0.58!!!!

[@user-vi4xy1jw7e]

@@TheCastedone 10 cents in the 90s? Wut

[@TheCastedone]

@@user-vi4xy1jw7e serious typo. Meant bubble gum was 10 cents

[@PeteS_1994]

3:46 So that baby is 25 or 26 years old now.

[@nyafisher10]

26

[@samathajeanmonroe5575]

Yup

[@uploadvidz4490]

Amazing!

[@brettolson9544]

Older than me

[@rustammamedov9838]

27 ;-) happy new year everyone

[@timtelligence6667]

Its amazing to see the mindset of people from 26 years ago! They were overwhelmed by the quick changes taking place, which sounds eerily familiar. From what I have gathered in my own experiences, no matter what is happening around us..you still control your own narrative whether its finances or overall well-being 🧘‍♂️✌Thank you for uploading another gem!❤

[@mattpatrick2564]

It’s interesting to see how people were so just more naturally engaged versus into a phone screen. Socially it’s so different now, miss the 90’s!

[@LeaderOfTheRedNinjas]

As someone becoming a young adult in the 2010s, I can't imagine so many intelligent people being so happy with such an irresponsible way of living. There must have been such a feeling at that time that no matter what happened, there was always more money coming in just around the corner What a contrast to today, though it was for sure an unsustainable bubble. In a way I'm jealous - they feel so free even though for a lot of these people it no doubt ended up badly in the long run.

[@angelikalaser7778]

Same, the world was simpler and slower back then

[@scottchelmford7136]

I feel the same way. Id love to be an adult back then

[@Account.for.Comment]

One Ivy League professor I listened to said this in effect " We have redundancy in our bodies. If one eye fail, we have another. One kidney fail, we have another. One lung fail, we got one. But the people who ran the countries only put stocks in only one sector. Governmental agencies are inefficient in running the system. Put everything on private banks and private businesses. They will ran it better". Of course, that is true as competition provide better service. Until business take a big hit or competition is so intense they have to keep cutting cost. No one can expect their business to last 20 years, so the top business get the best money they can at the moment. How could more money coming in to wages, when the main focus is in cutting cost?

[@nonyobussiness3440]

Account for Comment that man’s logic is fucking terrible

[@jakeg1342]

I was 21 at this time. Why do ppl think they have it worse Now? I can tell you that there is way more opportunity now than back then.

[@anthonyca]

Look at how much cleaner San Francisco was in the background.

[@darylkizer]

I'm loving the Fidelity advisers and their desks all covered in papers. It's like that was the 'productive and successful' office look of the day!

[@mikejalcock]

80's and 90's - Just the best time! These people might all be a bit different but all well adjusted and seem fairly relaxed.

[@ThinkHarderChannel]

Best advice in the whole video sarts @ 4:58 - Spend some time thinking about the future. That being said. March 22, 2020 is the prefect time to buy!

[@matthew8153]

Think Harder No, another crash is coming once people finish spending their stimulus money. Give it a week after Memorial Day.

[@bewi333]

"Plan for what?" that guy is cool.

[@thundercats2004]

40 seconds into the video: "The kind of returns people generated in the 80's are not gonna happen in the 90's." I bet Bob Beckwitt wished he'd never said that one!

[@TH-hy9kr]

I finished high school in 1994 and started university. Jobs were hard to come by and didn't pay well. GenX was told to take whatever we could get and be grateful for it. I spent too long in horrible work environments with that mindset and I'm thankful for the GenYs and GenZs who are showing me we don't have to fight each other over the scraps and that work-life balance is a real thing.

[@normhiscock352]

I had such a perfect mix as a kid between technology and being outside. I was more into sports and being a outdoorsman though.

[@CaesarAugustus.]

“They’re saying in the news that we’re going to have a correction in the near future.” Yeah, the 2000s are coming. That whole decade was all bad.

[@CaesarAugustus.]

@Celeste G, financially speaking, they definitely weren’t good years for the market lol. In 2000 you had the dot com bubble followed by 9/11, and just when you thought the markets were finally recovering 2008 happens. Smh haha.

[@pika62221]

The biggest thing that caused the 80's excess to turn into the 90's save was the late-80's/early-90's recession when people started not being able to pay their normal bills. When 1994 came along, they still had that save, save, save mentality.

[@alondrav123]

"Collectibles" in the 90s probably means beanie babies

[@thelightinallofus4649]

Look at how relaxed everyone is talking about money. Like it's a secondary thought. Alot of boomers can't understand how different the situation is for young people now.

[@jakeg1342]

How is it different? I graduated HS in 91. It was not a good time as far as economy.

[@elizrebezilmadommdo1662]

@@jakeg1342 lucky bastard

[@Beavereaver]

It’s kind of our fault no? When you go to college and pay 100,000 For a genders studies degree you have no one to blame than yourself.

[@xBloodXGusherx]

Man people looked soo much more healthy and stress free in the 90's.

[@kashfortheking]

Great historical view. Thanks for this.

[@levinb1]

Thank you for uploading this video, this primary source. What is most interesting, and ironically prescient in that classical sort of way, is that right now in the US, and across the world, we are having a rather catastrophic financial situation test everyone and every thing in our society. Which includes if we have any “savings” or back up! Which, it turns out for more than 70% of Americans... we do not!

[@seanbarker9272]

I want a wife like horse girl, she's great

[@protosspc]

Start by never calling a woman "horse girl"

[@mayhem2648]

@@protosspc lol but she is depicted in the video as a horse girl, nothing wrong with that... People nowadays 🙄

[@ankushbudhiraja9475]

@@protosspc shut up Ppl like u makes us romanticize these videos

[@prodpkfire]

word she was bad

[@duanejackson6718]

Horse girls usually have Big dreams no ambition and no money. I live in Montana and I meet them all the time. They will usually move in with anybody that will support them, especially if you have room for a horse.

[@ruthespiritu502]

Graham Stephan needs to react to this

[@andreas.9175]

8:00 I love that price chart drawn (or printed) on a piece of graph paper.

[@luxephil123]

it's nice to see that financial advises never change.

[@2girls1coop]

Just had a finance seminar where the average savings for retirement in America is $95k but the median is only $5k 😶

[@rashadarbab2769]

Is that for people that’s are 65 or for all people in general. I can see many people even in their 40s with less than 5k but I just figured people that are 65 came from a different time where they knew about saving and investing.

[@2girls1coop]

Rashad Arbab it’s for people at the time of retirement

[@tieman3790]

I cant believe that. So half of the us has less then 5k????!?!?!

[@jacobdudley1534]

Very frightening.

[@BaNzAiXBaNaNa]

Not really surprised and tbh if you still only have $95k saved up for retirement that’s still a big yikes.

[@vjstv0101]

Very informative. Thanks for posting!

[@FawleyJude]

I like that Fidelity guy at 0:37, saying that people wouldn't see the kind of returns in the '90s that they saw in the '80s. He was right in a way: from '80 to '89 the S&P doubled; from '90 to '99 it didn't double, it tripled.

[@JoostEurovisionFans]

Canada: I have 3 month savings Sweden: I have 1 year savings Me: I watch videos like this. I see this world. I need savings for the rest of life.