Why Americans Are So Stressed About Money

[@cerdayes]

you can make all the right decisions your entire life and still end up losing it all due to a health issue

[@yeat8223]

Not if you have insurance, reason why the USA doesn’t have free healthcare is because we only pay 20% in taxes, whereas places like the uk they pay 40%, USA gives you more liberty over your money

[@cerdayes]

@@yeat8223 root canal $4000 with insurance. Sure glad it wasn’t cancer.

[@johnbarton562]

@@yeat8223 - I work in a state hospital - I see people all the time who have lost everything due to healthcare bills they cannot afford due to cancer and other long term illness' and they had good insurance. Insurance is "for-profit" - they want to make money, they don't care if you live or die - - same thing with the drug companies.

[@NiyahEbony]

@@johnbarton562 he is to busy playing fortnite, what does he know about the real world lol

[@edbd4613]

So many ways in usa you can get screwed even if you do the right things. I once got this hotspot device from best buy and Sprint. It was unlimited internet for 2 years contract. 3 months into the contract, I get a bill of almost 1000 $. I called sprint and found out they canceled the contract by email that ended in my junk mail. They switched from unlimited to some b's where you pay for every gegabyte. I fought it for months with sprint and collections. This is a small example, I heard worst stories.

[@guitarislife01]

I love how the answer is always, Here's how you can increase your ability to handle stress, rather than actually fixing the problem

[@jermon983]

The Matrix design is to keep you a slave on the corporate plantation known as America.

[@jasminecontreras7341]

what are they supposed to do to fix the problem?

[@Coolguyallthetime2k]

@@jasminecontreras7341we don’t know but something… I mean the only outcome I see is mass poverty, mass suicides and homelessness.. smh

[@operationlull3742]

We have to. How else do you expect the ruling class parasites and their army of pig thugs to eat. They have to extort us for money either through taxes as a public entity or freedom through a private entity. I love freedom

[@jasminecontreras7341]

wrong. that's not realistic. I'm genuinely curious as to what possible solutions there are there @@Coolguyallthetime2k

[@inctru]

I'm stressed about living in a country that has normalized corrupt, sociopathic behavior across all levels of the public & private sector, & seeing total societal/economic collapse likely in the not so distant future.

[@mikegollihugh7992]

Thankyou noone stands up to these people, we're slaves, because while 95% of us are stuck working forever for table scraps. All the lawyers and doctors in the world, and noone has really spoke out about all this. Its disgusting. I have lost absolutely all my faith in the system, our people, our cities and towns, states and all. We're all weak asf, and for that we will be slaughtered...

[@hah-no.]

You said it.

[@itsmecaldo]

@Robert Jameson They're literally true tho

[@BFRIZZLE909]

You've worded that beautifully.

[@mikegollihugh7992]

@Robert Jameson must be nice to be a complete fool, unfortunately I read alot

[@rotmage]

It's stressful because we don't have enough to live or enjoy life. We are all waiting to get sick and go bankrupt. Feels pointless.

[@PraveenSrJ01]

$15/hr is a poverty wage in 2022 in big cities across the country and the minimum wage needs to be raised to $23/hr

[@mfkenzotuberkz5347]

@@PraveenSrJ01 15$ is only for jobs that can be done by anyone

[@PraveenSrJ01]

@@mfkenzotuberkz5347 then why are college graduates 🎓 working low wage retail jobs that pay below ⬇️ $15/hr?

[@mfkenzotuberkz5347]

@@PraveenSrJ01 Because college doesn’t necessarily mean good pay, you are supposed to know the salary of the job that you are studying for and if you don’t want to starve then you just don’t study that field, I mean it’s a little stupid to not know the salary of the job you are studying for.

[@hawks1394]

@@PraveenSrJ01 they will just raise the price of everything just like they did when I got a raise keep trying fellow slave

[@joesphcu8975]

What bothers me about this situation is the fact that the news and media are all going about a recession which is understandable due to the war and pandemic but still the same media still publish articles about folks in the same economy pulling off hefty 6figure profit(Averg. 200k in barely 8weeks) in this downtrend how is that possible?

[@alexyoung3126]

I've come to realize both bear and bull market provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself

[@lawerencemiller9720]

Well the US-stock market has been on it’s longest bull-run in history, so the mass hysteria and panic is understandable seeing as we’re not used to such troubled market, but there are opportunities lurking around if you know where to look while everybody’s been screaming falling sky, I’ve netted over $850k in the past 10months.

[@stephaniestella213]

well good for you buddy, your market knowledge paid off. I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?

[@lawerencemiller9720]

thanks, was guided tho...Eileen Ruth Sparks walked me through the ropes majestically i'ts my ultimate pleasure.

[@stephaniestella213]

she’s a quite known advisor. I actually did look her up curiously and went through her credentials on her webbsite…Top-notch! I wrote her an email, hopefully she’s accepting new intakes.

[@peterblair6489]

Money is stressfully, because you never get paid enough. You don't really need much more than you get, but keeping you desperate makes you work harder. Corporates love it that way.

[@Kartel7622]

Victim mentality

[@blakethegreatone2058]

Doesn't help that the government takes 33% of what you get thanks to all the taxes. Ironically if Biden gave his Ukraine budget to the American people then everyone would be a multi millionaire.

[@blakethegreatone2058]

@Hunter Bidens Laptop 💻 such a dumb comment.

[@londonmadenb9421]

victim mentality, so many ways to make a lot of money

[@chicagoan81]

Corporations are buying off all the homes, raising prices of food and other essentials because they want extra profits for shareholders, and our 401ks are tanking. The media has the gall to ask this question why we're stressed out.

[@MasterTSayge]

I moved to St Thomas in 2013 to be a bar tender after getting my bachelor in engineering and working at a $85k job. I was scared at 1st the I suffered a mental breakdown. I couldn't take it so I left America. THE BEST DECISION OF MY LIFE! I no longer have anxiety nor depression. I have real friends whom I call family, we play soccer every weekend plus Tuesday evenings, video games every Thursday and Friday nights, plus party Saturday nights at nightclubs where folks dont flex. I'm really Happy. I wish I've done this earlier. 😊

[@madbug1965]

Too many people out there trying to steal or scam you out of your money. There are also people who just want to leach off you until you have no money left. I just tell everyone that I am broke. My money is no one's business.

[@northerniltree]

Can i borrow a hundred bucks?

[@freeguy3751]

So lie to survive? Sounds like a tough way to live

[@neilmuir3503]

@@freeguy3751 yeah lying is the worst part lol not the work

[@codenamezz9993]

Best advice you can give to you and people around👍

[@frankculaga5169]

Tell me about it man. Look at all the gold diggers.

[@glenbert1396]

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..

[@lisaollie4594]

If you lack market knowledge, the best course of action is to seek advice or assistance from a consultant or investing coach. Even though it may sound obvious or generic, speaking with a consultant has helped me stay afloat in the market and grow my portfolio to about 65% since January. At the moment, I believe that is the most effective way to enter the business.

[@baileymclean8186]

Please let me know your investment adviser's name and how i can reach he/she?

[@lisaollie4594]

I have "LISA ELLEN SHAW" as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. She's a Google-able person.

[@baileymclean8186]

I searched her up online and checked out her credentials since I was so intrigued. Top-notch! I emailed her to inquire about accepting new clients.

[@Coolguyallthetime2k]

Agreed. The state of this country makes many wish they were never born.. it’s so depressing and the corporate pigs and government could care less..

[@grisellimay]

I love how the end of the video pivoted to "if you're stressed about money just try not being depressed about it" Yea prices of everything is soaring and wages haven't moved since my parents had me but you know that's nothing a zen attitude can't solve 🤗

[@yokuzo11]

I feel what you're saying and I'm not gonna pressure you into not being depressed about money; But the truth is you shouldn't be depressed about money; When you advance in spirituality, you realize that being overwhelmed by the world's problems is counterproductive; I truly came from nothing in life and while I make low wages, the value of my dollars are high because spirituality keeps me from the indoctrinated brain concept of paying for a residence and a car; And trust me, you definitely need spirituality to comfortably live as a modern day cowboy

[@grisellimay]

@@yokuzo11 so you don't have a home or a car?

[@AnalyticalMenace]

Well, this *is* CNBC after all.

[@yokuzo11]

@@grisellimay No, I don't have a car or home; I do have a job but as far as where I live, I'm normally in different places that are open all the time; I might get a car within the next couple of years because a car isn't as much of a challenge as getting a home

[@kumara5492]

@@yokuzo11 I was about to comment like you did. And the irony of life is most of folks in US come from broken families resulting in insecure childhood and they can't even measure the essence of spiritually. Anyways, spending money on unnecessary things may not be good for them but it's good for the economy. Spendthrifts are scapegoats.

[@kortyEdna825]

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

[@Justinmeyer1000]

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

[@KiyosakiSays]

“Financial struggle is often the result of people working all their lives for someone else.” - Robert Kiyosaki

[@lasgdle2777]

I respectfully disagree. Aside from an illness and/or disability, loss of a job, etc., I would venture to say many people are struggling financially because of poorly managing their money. For example, running up credit cards that have high interest rates. If you can't pay your credit card balance each month, you're asking for trouble! For example, it takes years just to pay off a $5,000 balance with the interest rate about 25% or higher. Some people are hung up on material things, buying things they don't need, running behind holidays like Christmas and charging a bunch of stuff that they know they cannot afford. As a child it was very common to put items in lay away and make payments until the merchandise is paid in full. I've seen commercials that encourage people to buy more and more, e. g., the companies advertise: no credit, bad credit, don't worry you can get it! Some, no matter how much money they earn, will always be struggling financially because they fail to properly manage their finances. They have to have the latest this or that, they have to look good, etc. So many don't want to sacrifice and/or go without. Some will spend every dime they have and when an emergency arises they have no money saved. There are exceptions, but, I believe that a lot of households are in poor financial shape because of the poor decisions they made.

[@cynicalrecidivist2026]

I love how they use people who are purposely spending on consumer extras and not about poor wages, high rents, rising prices etc. You cannot budget your way out of poverty.

[@neilmuir3503]

its profoundly cruel to pretend poverty is a matter of personal choice. even if they did prove they could live with less, they would then be expected too.

[@Navy35]

@@neilmuir3503 if you can- work 2 jobs and use one to save at least partial

[@neilmuir3503]

@@Navy35 you joking

[@steveelliott742]

“I contend for a nation to try and tax itself into prosperity is like a man standing in a bucket and trying to pick himself up by the handle” Winston Churchill

[@neilmuir3503]

@@steveelliott742 if my boss would pay me more, ill pay the taxes he won't. sounds good to me

[@ceciliajunkins317]

With my rent rising to another $300/mo, I decided to see if my employer could assist me with a higher wage. I went in with a request of $2.50/hr. This would get me close to $20.00/hr. Been with the company for over 15 yrs now. However, they gave me only about half. I'm a single 67 YO, already cutting corners on every bill, eating frozen dinners since I cannot afford to buy regular food to cook. I haven't eaten out in a restaurant in over 2 yrs. I shop at Walmart and Family Dollar for groceries and paper products, with seldom buying anything else. Now, I have to move because employer didn't give me enough money to live on. They are a multi-million dollar company in the logistics business. It's sad the corporate world is getting richer on their employees lack of money.

[@acosmictemple]

One solution I can think of is to open your mind about all the ways and avenues that money, resources, supplies can come to you other than through that one particular job.

[@ceciliajunkins317]

@@acosmictemple I will try to keep that in mind.

[@hipoint40cal39]

Always remember: Your employer CAN pay you more, they just dont want to !!! Capitalism is pure evil.

[@cherylmitchell37]

Do you have any children or relatives that you could live with?

[@debbieframpton3857]

Your employer pays your wage for the work you do it's your responsibility how you spend it not theirs

[@nicolegraham1492]

This sudden high inflation in Florida has been such a nightmare for me. It’s absolutely horrid. I feel I just cannot get a head. The more I earn it is seems like, due to inflation, like I’m earning the same or less.

[@estebanhenriquez3491]

I make $20 an hour. However, it almost feels like $20 is the new $15!

[@zane8789]

@@estebanhenriquez3491 In Illinois, making $15 an hour feels like I'm making $20 an hour!!! Not gonna lie. Sincerely, a lifelong Floridian turned Midwestern 2 years ago

[@camaranpayne5355]

Chill out

[@theroldan8675]

Nice... at least drug dealers from colombia in the florida arent suffering... lol

[@justinlavine9209]

Thank you MSNBC! Somebody finally asked the hard hitting questions that our Federal Reserve Chiefs, SEC Commissioners, Wallstreet Brokers, Federally Insured Credit and Lending Institutions, and government think tanks like the MIT Sloan Business School have been exhaustively researching since the first post 9/11 Recession of 2008. With exclusive interviews from many of today's top financial analysts, this groundbreaking coverage of America's fastest growing domestic markets examines the impact of one of the largest National debts in U.S. history as well as the soaring cost of inflation on businesses and the general public alike. Educate yourself by spending your money as wisely as your time by watching a collage of independent thinkers give Twitter(TM) sized answers to problems as diverse as: Why we ain't got no damn money no more? Why this mf sh*t so expensive? How tf a mf stay employed today and tomorrow? What tf you mean I have to pay back this school loan? And, can I afford this God damn medical bill and f***in' mortgage at the same time? Up next on MSNBC!

[@murdelabop]

For me the big stressor is healthcare. I long ago accepted that I would never be able to retire, but the major reason for that is the cost of healthcare.

[@MrOrbion]

Come live in Europe. Here health care is a human right. But you must be willing to leave everything behind

[@quaithom3138]

It may be possible for you to retire; Prior to reaching age 65, make an appointment with a medicare specialist to determine how much healthcare would actually cost you, and how it fit's into your social security picture. Don't accept stressors in your life. Do all you can do to avoid it. Good luck.

[@davidwalker2144]

Dollar Money is a silent dictator test, " in God we trust " The cure is reading the word of God that reminds you never will you buy, food, get stressed, dirty, tired ,sick never will you pay rent, paradise believe me?👇😂

[@jl1695]

You can get healthcare for free through medicaid if your poor or low income every state has it , idk why people complain about healthcare when it’s literally free in the united states , stop working for crappy companies that cant even give you free healthcare everybody is all about work work work but if your job cant provide healthcare and good benefits no experience and job security where its hard to get fired then why even work , half of the human population is stupid

[@DannyWalker247]

Join the club. All you hear is this retirement planning crap and the average person still has a hard time paying for housing and putting food on the table. Retirement has become a luxury that only the wealthy can afford. If things don't change you will see people just dying out on the street like in Bangladesh or somewhere. It is only a matter of time.

[@bosedohne5209]

I'm a German living in Germany and just thinking about living in America where there is no universal Health Insurance (at least not to the extent as it is in Germany), no reliable Pension, no childcare benefits, no parental leave, no free university...., stresses me out

[@user-gz4ve8mw9l]

Now imagine being trapped here in the bottom rungs of society. It's a fate worse than death truly I can vouch for it personally.

[@fwefhwe4232]

usa seems like a great place to make money for a software dev or a doctor, making more than 200k a year. for average american, it seems expensive

[@hairyrope1912]

It's really not that bad

[@minimalistvlogger3467]

how do I move to germany? lol

[@paulpetrovich8779]

Be careful, runaway inflation, paying more defense because of the new circumstances Europe finds itself in, immigration, rising energy costs lowering competitiveness. Your government may start scaling some of that back.

[@shawjose-uc9xn]

Why stress to get money when you can invest in cryptocurrency

[@ronaldreagan-kf6wn]

Investing in cryptocurrency isn't that easier without a professional trader

[@trumpkane-fe9ig]

​@@ronaldreagan-kf6wnExactly, especially when you are a beginner.

[@evelyhwar-jf5zg]

​@@trumpkane-fe9igthat means as a beginner, you will need an professional trader to put you through

[@georgeesther-zq7js]

​@@evelyhwar-jf5zgexactly but you have to be careful because most of the so call professional are fraudster

[@chrisharrison-ir5wb]

​@@georgeesther-zq7jsyou are right,I could have trade a long time ago but am just scared.

[@sivezt]

When baby boomers were in their 30s, they acquired 20% of the money supply. Millenials in their 30s hold 3% of the money supply.

[@cyrilkarpenko691]

So what? No one lives forever, so soon enough Millenials/Z and the State are both going to benefit from all of that accumulated wealth.

[@jaychah2563]

Baby boomers are the reason were in this mess

[@39counting71]

Oldest millennials turned 40 this year!!! I'm going to build a house on family land or move my family overseas america is too greedy!!!

[@forrestaustin7050]

Millenials also waste a ton of the money the acquire

[@mr.centrist5789]

@@forrestaustin7050 You people are just full of excuses aren't you?

[@borikero1]

In the US, it is actually less financially stressful being "poor" than being working middle class...you just have more to lose. It is easier to feel anxiety, stress, and burnout with little to show for it. You are also one illness or hospital visit away from losing whatever you have saved up. Been on both sides and know this for a fact. At this point many people are just giving up on the system till it resets eventually...especially once the boomer generation gives up the death grip it has on politics and the economy.

[@josephlong8549]

"You are also one illness or hospital visit away from losing whatever you have saved up." Yep! I pay less than $19 per month for good socialized medicine here in Costa Rica. Per capita spending on health care: US $12,530, Costa Rica $922. Life expectancy US 76.6 years, Costa Rica 80.47 years. Spending less. Living longer. Just one of the reasons I got outta Dodge.

[@mrsdramaqueen3]

as a poor person who is on the verge of homelessness, I think we’re all struggling greatly but it isn’t less stressful in any way shape or form

[@msheehandub]

Young people can go and overwhelm the polls and vote these old fart boomers out. Until then, the old farts will keep voting for themsleves

[@mammajamma4397]

That's just not true at all.

[@justinlavine9209]

Thank you MSNBC! Somebody finally asked the hard hitting questions that our Federal Reserve Chiefs, SEC Commissioners, Wallstreet Brokers, Federally Insured Credit and Lending Institutions, and government think tanks like the MIT Sloan Business School have been exhaustively researching since the first post 9/11 Recession of 2008. With exclusive interviews from many of today's top financial analysts, this groundbreaking coverage of America's fastest growing domestic markets examines the impact of one of the largest National debts in U.S. history as well as the soaring cost of inflation on businesses and the general public alike. Educate yourself by spending your money as wisely as your time by watching a collage of independent thinkers give Twitter(TM) sized answers to problems as diverse as: Why we ain't got no damn money no more? Why this mf sh*t so expensive? How tf a mf stay employed today and tomorrow? What tf you mean I have to pay back this school loan? And, can I afford this God damn medical bill and f***in' mortgage at the same time? Up next on MSNBC!

[@sextond]

I work with a lot of Europeans and they never worry about losing a job or getting a medical bill that will push them over a financial cliff. They know that there is a safety net, so they do not get stressed to the level that Americans do. I think we have done this to ourselves by allowing the shift of all responsibilities onto the individual.

[@ricardomartinhodacruz]

It really depends on the european country. If you talk about Portugal or Greece then you worse than America. Minimum wage there is not even 700euros. Thank god I moved to France 4 years ago. Sacrificed a lot but I can eat now, save and invest.

[@Hoppensagen]

The real problem is business paying money to comgress people to vote on bills that redistribute wealth from the working class to the wealthy. In 1980, the lower class had 10% of the share of the U.S gdp, middles class was 62% and upper class was 29%, now 40 years later, the lower class is 9%, middles class is 42% and upper class is 48%. The money in congress has led this charge and republicans and democrats of this era should be ashamed, we need to vote these people out they respond only enough to get them elected, and then do whatever lobbiest tell them to do. We know that the bail out money just put normal Americans into debt so companies could repurchase shares. We know they bring up issues like abortion, and guns to divide everyone when talk about the corruption starts to rise like we saw when we found out congress does a lot of insider trading. Don't get distracted, our focus needs to be on corruption in congress.

[@Garrosh8781]

👆Facts!

[@user-gz4ve8mw9l]

Socialism for the elites as socialism actually does work contrary to decades of propaganda. It's the reason oligarchs practice it and give us the capitalism as modern day slaves in all but name. For the very same reason the CIA terrorist organization coups so many countries. If they let socialism ever truly flourish unimpeded the people would reason it's far better. At least than a dystopian hellscape which we are trapped within the confines at present. Voting will never do anything in this system buddy. The corporate oligarchs control everything. Both parties are one party contrary to the propaganda. They are the party of the corporate oligarchy. The ONLY way this changes is revolution it need not be violent however.

[@chicagoan81]

the media will never talk about that truth. They work for the corporations to keep us misinformed.

[@JosefJochemPodcast]

Bitcoin fixes this.

[@chicagoan81]

@@JosefJochemPodcast the only thing bitcoin "fixes" is reducing your net worth if you want to be poor.

[@lanetomkow6885]

I'm financially ok, but this nearly had me in tears. Very real topic.

[@blakelewison9872]

Don’t take this personal but people like you are part of the problem. From my experience people who are financially well off often ignore and don’t care how bad income inequality is and they often oppose public policy that would help lower the income inequality gap because they worry it might slightly affect them.

[@lanetomkow6885]

@@blakelewison9872 No offense taken. Just to reiterate, I stated I was financially "ok". As in can pay my bills. I am married with 2 kids, moved 5 times to afford to live a life I wanted my family to have. Thus leaving beautiful Vancouver where I grew up, to a more lets say, less favorable place. But I am grateful for what I have and work hard everyday for it. This is a real topic though, however I don't think a single policy can change the way life is for normal people. We must remember though that most of us are way more well off than our ancestors just 100 years ago. But we should always be striving to do better for ourselves and others indeed. I don't believe it's possible for me to be out of touch since I'm part of the working class however. Perhaps a balance of responsibility for one's actions and asking for help when needed is the right approach. Best wishes.

[@blakelewison9872]

@@lanetomkow6885 better public policy can absolutely fix this. It drives me nuts when people say it can’t.

[@lanetomkow6885]

@@blakelewison9872 Perhaps you are right. But I believe it has to be both parties trying their best at solving the issue of wealth inequality. That being the public entity and the private individual.

[@navysteel]

Price of gas is too high.

[@elizabethyork590]

Biggest financial mistake I ever made was with my 401k. My company had a Roth 401k when my kids were in college, but I didn't actually start contributing until year 3 of the 6 years I had kids in college. Because I was helping them with expenses, I was entitled to the tax credits, so my effective tax rate was extremely low. That is the time you NEED to be in a roth! i still retired with about $250k in my 401k.

[@84gaynor]

People don't really know this, You need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

[@sommersalt88]

@@84gaynor I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.

[@MatthewVinson]

This is exactly how I want to coordinate my finances before I retire. Can you recommend the financial advisor that got you going?

[@sommersalt88]

I started out with a Financial Adviser called "Jill Marie Carroll". Her honest approach gives me complete ownership and control of my position, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.

[@MatthewVinson]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@bonniegaither3994]

That’s what corporations want…your unhappiness is great for their bottom line.

[@davidwalker2144]

Dollar Money is a silent dictator test, " in God we trust " The cure is reading the word of God that reminds you never will you buy, food, get stressed, dirty, tired ,sick never will you pay rent, paradise believe me?👇😂

[@evilds3261]

Not really, enough unhappiness and you get despair and insanity that will destroy their bottom lines.

[@justinlavine9209]

Thank you MSNBC! Somebody finally asked the hard hitting questions that our Federal Reserve Chiefs, SEC Commissioners, Wallstreet Brokers, Federally Insured Credit and Lending Institutions, and government think tanks like the MIT Sloan Business School have been exhaustively researching since the first post 9/11 Recession of 2008. With exclusive interviews from many of today's top financial analysts, this groundbreaking coverage of America's fastest growing domestic markets examines the impact of one of the largest National debts in U.S. history as well as the soaring cost of inflation on businesses and the general public alike. Educate yourself by spending your money as wisely as your time by watching a collage of independent thinkers give Twitter(TM) sized answers to problems as diverse as: Why we ain't got no damn money no more? Why this mf sh*t so expensive? How tf a mf stay employed today and tomorrow? What tf you mean I have to pay back this school loan? And, can I afford this God damn medical bill and f***in' mortgage at the same time? Up next on MSNBC!

[@familyfriendlyvideos2241]

@@davidwalker2144 God isn't even real 😂🤣

[@davidwalker2144]

@@familyfriendlyvideos2241 and who gives you rain? And who's land are you standing on? Training a crooked is not a joke😡👎

[@erichkraetz2622]

My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing.

[@checkforme234]

I am 54 years old and my wife and I are very worried about our future, with gas and food prices rising every day. We have seen our savings dwindle with the cost of living in the stratosphere, it is impossible for us to replace them. We can manage, but we can't move forward. My condolences to everyone retiring in this crisis, all those years of working just to lose it all in a crisis you didn't cause.

[@alexyoung3126]

@@checkforme234 I feel your pain mate, as a fellow retiree I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an investment advisor "INGRID CECILIA RAAD" this year for assistance, and following her advice, I poured $150k in passive diversified safe-haven assets and its yielded $325k so far. Nothing special, just proper diversification and a cut loss and take profit strategy.

[@joesphcu8975]

I think it's especially difficult for retirees and near-retirees, I know to focus on the long term but the anxiety when you're supposed to retire in 3-5 years is exhausting. it is difficult for me to participate in the market right now due to the full-time nature of my job. it will be too stressful to combine so I don't even think about it

[@lawerencemiller9720]

@@alexyoung3126 Out of curiosity, I searched for Ingrid using her full name and she seems pretty tight and outstanding. I read her curriculum vitae, her school career. She is a fiduciary who will act in my best interest. So I booked a session with her on her contact webpage and hope she responds soon

[@ricardomartinhodacruz]

Im in my mid late 20s and Im starting to invest every month. The thing is I live in France where most people see the stock market as gambling. Only 17% of people here invest in SM. Basic etfs and some tech companies during this recession.

[@Beepbeepoutoftheway]

Individual choices, of course! Why didn't I think of that? Good thing it's not corporations depressing wages and price gouging while landlords raise the rent year after year

[@JAlan4]

Might want to look at the central bank and government for having us be at this point.

[@icyx9268]

they talk about loss of money from loss of human life vs actual loss of human life itself THIS is why were f*cked

[@henrygustav7948]

@@JAlan4 Might want to look at banks defrauding people, banks and Wall St controlling the levers of Government.

[@angie99656]

Not only raising the rent but refusing to fix their slum properties

[@angie99656]

@@JAlan4 is that an argument or a tautology from the right. Cuz it looks like a lazy tautology to me

[@ahndeux]

My parents taught me as a kid one important lesson. They said to never spend money you don't have unless its to buy a house. That includes cars, clothes or anything you need. If you can't afford a new car, buy a old use beater. If you can't afford new trendy clothes, go to Goodwill. They told me to never spend on credit cards unless you can pay it back. I only got a credit card to build credit, not to spend. As a result, it has helped me my entire life. I don't stress about money at all anymore. In fact, I never did stress out on money even as a young adult. If I can't afford something, I don't buy it. Once I started making money, it took less than a year to save up to buy a house. Instead of moving out right away, I stayed home, paid all the utility bills and saved up money for a few years to get my own place. I paid off the house in less than 12 years and have zero mortgage and nice 401K savings, Roth, and many other assets. I have zero debt and still drive older used cars that I paid in cash. Life is so much more enjoyable without a single worry about money.

[@lylalorenza4603]

Hi, I am curious about something. How does someone pay for unintended expenses such as private school of you live in a poor school district or unexpected medical expenses.

[@ytucharliesierra]

@@lylalorenza4603 When he says he doesn't buy things he can't afford, it also means that he is able to put money back, to save money. So if no proper health insurance is available, he possibly has some savings that should cover for unintended expenses. That is one of the major features of proper money management in household finances, the ability of saving money, of making an underbudget every month.

[@cherylT321]

You are awesome!

[@lordjazm3161]

Yes sir 👏

[@ely27able]

Facts

[@chicheng1941]

If Americans instantly stopped using debt to finance their lifestyles the US economy would completely collapse in an instant. America is a country that was built on debt, the American population is no different.

[@D_LEGEND]

Some debt is actually healthy as it inspires growth. It would not collapse an economy. But what's happening in the US when it comes to debt is insanity. This is why it has to do all it has to do to stay at the top of being most influential in the world.

[@Hans-gb4mv]

@@D_LEGEND Some debt, yes. The big purchases in life like your house, where you are paying of for decades. Absolutely. But in a country where people buy almost everything with creating debt, you have a big issue. We've seen that in 2008 with the collapse of the housing bubble which, essentially, was also a debt bubble. But it's an issue that will be dificult to solve. If you are already dragging a massive debt behind you by the time you can start your first proper job, how do you ever hope to break that cycle?

[@leftismtoday6072]

Americans are forced to take out debt, it's not a choice. Without a higher education for many people they will be stuck living the same paycheck to paycheck lifestyle while earning even less and having less security. The answer is socialism

[@theroldan8675]

agree. west world lives on credit but this losers believe they are some kind of european monarchs

[@jeffreyjackson5229]

I knew a work colleague who had to work two full-time jobs to support his family, even though his wife was working, I think? He confessed to us, all males present at the time, that he was headed to his second job and was feeling so overwhelmed that he pulled over to the side of the interstate, parked his car, sat there for approximately 30 minutes, and just cried.

[@Northwest360]

These videos that don’t get to the heart of the issues (capitalism, wage labor, corporate greed, stagnating wages, increasing costs of everything, everything being seen as a liquid asset, etc) are so frustrating! We need a societal revamp, not a “good attitude” and bootstraps

[@Beekeeper8011]

Uploaders on KZbin can only be so truthful. Oh, and the societal revamp we need is an abolition of the welfare state and the shrinking of the federal government. Everything is so expensive bc we got off the gold standard in 1971 due to LBJ's expansion of the welfare state in the 60's. kzbin.info/www/bejne/pIixc2aOo7iKeKc

[@Jimraynor45]

Lol, heart of the issue? Saying capitalism is at the heart would be like saying oxygen is the main reason fires start. Capitalism is fundamental to the success of humans. You are surrounded by the achievements of capitalism! Clearly, you are quite ignorant Matt, probably naive and foolish as well. I don't have time to explain how wrong you are, but just look at history. How many graves do you need Matt! Those nations which drifted farthest from free market capitalism are doing worse, not better! We don't need a collective revamp, we need individual strength and responsibility, not collective guilt.

[@scifirealism5943]

Correct.

[@M123Xoxo]

CNBC is in bed with the corporations who've destroyed our quality of life and looted this country. Not surprised they're spreading propaganda that blames the individual for the problems created by corporate greed.

[@scifirealism5943]

@@M123Xoxo why can't we have an honest news media company?

[@user-fp4dr1ne7z]

Corporate greed, financial literacy, inflation, not budgeting and living below your means, not saving and investing. The battle is all around us and within us.

[@sew_gal7340]

*illiteracy

[@northerniltree]

Living ABOVE your means

[@icyx9268]

they talk about loss of money from loss of human life vs actual loss of human life itself THIS is why were f*cked

[@COURTNEYVCK]

Oh shut up, not budgeting and living below your means isn’t the problem. People are already living paycheck to paycheck with low wages and high cost. There’s nothing left to say please save your malarkey

[@TrevForPresident]

The Fed

[@need4speed5353]

My reaction to lots of stress is throwing up and it sucks. Last winter, I was throwing up 2 or 3 times a week because my job wasn't putting me on the schedule much and I couldn't pay my bills, and I was just 16. The same thing happened after I had a car accident this year. Might as well start your suffering while you're young so you get used to it

[@shellydavis855]

How about we don't have kids

[@angelachanelhuang1651]

ask for help with money

[@docsays]

Aint gona lie I don’t think i would admit to racking up $30k in debt while having a finance background, then claim to be a money coach 🤔

[@auroramothergoddess]

It’s called being an “actor”

[@PatrickGotHands]

Everyone is a founder and CEO nowadays

[@HH-le1vi]

Meet a therapist who doesn't need help. The best ones don't follow their own advice.

[@acosmictemple]

I don't know any billionaires teaching about finances and money for the masses so I see she is human using real experiences to help others

[@neilmuir3503]

@@acosmictemple yeah but ive never done anything that stupid, i dont even have that as a possibility in my life.

[@iivv_nn]

lost me when you let the girl talk about shopping into 30k debt and the other about drinking and eating.

[@GuitarsRgood7]

That girl is the CEO and founder of a company for financial education... I feel like her statement really hurt her business

[@MikeyPaper]

@@GuitarsRgood7 its blind leading the blind

[@bathombre9739]

Yeah these women are out to lunch , and that first one saying she is 34 and has 28k in debt and that's credit card,, I'm sure she has school.and car loan debt as well, who the hell would get advise from these people, who would marry them?

[@frankculaga5169]

@@bathombre9739 Are they just victims of bad luck? Or did they bring it upon themselves.

[@iivv_nn]

@@grit1679 nah bro lol

[@theyjustwantyourmoney4539]

Living below your means has become impossible considering that the minimum wage can no longer pay for a roof over your head + consumer debt = homeless with a job.

[@KailyKail]

And considering it was never meant to, that problem is on those who refuse to increase their skill set to make themselves more valuable.

[@scifirealism5943]

@@KailyKail So because something hasn't existed before it can't exist now? According to that logic women don't deserve to vote. Since they didn't have that right until 1918.

[@scifirealism5943]

@@KailyKail Minimum wage jobs are dead-end. They give you no skills to become a stem Lord nor do they pay you enough to pursue a college education. Tell me how pushing carts at Wal-Mart or serving ice cream at McDonald's qualifies me to be a neurosurgeon.

[@Gem-n-life]

@@KailyKail -They don’t understand those jobs were meant to be temporary positions, with no benefits, for teenagers and college students. Unfortunately, they were never meant to sustain an individual’s independent living. It’s also disheartening, people are discouraged from attending college, or obtaining a trade.

[@Gem-n-life]

@norm simpson -People in their 50s and 60’s are obtaining degrees. It’s almost never too late to re-educate or retrain.

[@JadedJassy21]

Oddly enough at 35 I feel conflicted. I finish school. Got my career. Own a home (thanks FHA) but still life has also gotten bleaker. War, hate, increased crime and financial anxiety. Things have gotten more $$. It's harder to save. Money doesn't go as far. Jobs aren't secure. Social safety nets are weak. Saving for retirement is a joke. Right now, I am trying to save as much $$ in my emergency savings but it's weak right now.

[@colin8696908]

have you tried turning off the news?

[@mrsdramaqueen3]

@@colin8696908 that’s assuming he watches the news and even if he does, watching it or not isn’t changing the fact that people can’t afford to live

[@williumroden732]

I don’t need someone to tell me I’m stressed about money lmao

[@thejquinn]

Especially a "money coach" that literally balled out $30k during covid because they were "stressed", and want to give others finance advice 🤣🤣🤣

[@davidwalker2144]

Dollar Money is a silent dictator test, " in God we trust " The cure is reading the word of God that reminds you never will you buy, food, get stressed, dirty, tired ,sick never will you pay rent, paradise believe me?👇😂

[@jl1695]

Well the media always needs these random wanna be experts to control our lives and tell us the obvious

[@wread1982]

You are stressed about money bro

[@freeguy3751]

@@thejquinn Yeah that was so funny! They barely focused on their helpful advice and just exploited their destructive spending stories

[@josueravena3464]

For me I'm doing fine, and seeing my dad who works his ass off throughout his life makes me determine not to go the same route, so im willing to learn anything to be financially stable and accumulate wealth in a long run so I can be financially free. It will take some time but doable.

[@johnbarton562]

I wish you luck - - I hope you don't get cancer that takes much of your money, or a drunk driver does not hit you and leave you in a wheelchair. Work hard but know that much of it is luck too.

[@justinlavine9209]

Thank you MSNBC! Somebody finally asked the hard hitting questions that our Federal Reserve Chiefs, SEC Commissioners, Wallstreet Brokers, Federally Insured Credit and Lending Institutions, and government think tanks like the MIT Sloan Business School have been exhaustively researching since the first post 9/11 Recession of 2008. With exclusive interviews from many of today's top financial analysts, this groundbreaking coverage of America's fastest growing domestic markets examines the impact of one of the largest National debts in U.S. history as well as the soaring cost of inflation on businesses and the general public alike. Educate yourself by spending your money as wisely as your time by watching a collage of independent thinkers give Twitter(TM) sized answers to problems as diverse as: Why we ain't got no damn money no more? Why this mf sh*t so expensive? How tf a mf stay employed today and tomorrow? What tf you mean I have to pay back this school loan? And, can I afford this God damn medical bill and f***in' mortgage at the same time? Up next on MSNBC!

[@forrestaustin7050]

Exactly. If you live in America it's doable. Problem is ppl don't want to put in the effort and want everything handed out

[@forrestaustin7050]

@@johnbarton562 eat healthy excersize get nature time and regular checkups is better then hoping .

[@lorihamlin3604]

For the first time in my life I’m not stressed about money. I’m 70 and have only in the last two years become debt free and have enough in savings to sustain me minimally for 10-15 years. The stress of money woes has probably taken a few years off of my life so I’ll probably have enough to last. Dreams of world travel after retirement are up in smoke but you what…I don’t care. I’m at peace and healthy.

[@Doublepulse]

The stress from money is a vicious cycle because that stress and anxiety causes more money decisions that don't benefit you. Buy stuff we don't need is our way of coping to the stress but adds more problems later.

[@Emperor-Wild-Man]

I am never stressed "about" money. It is the "lack of" money that I am stressed.

[@coolestvideo100]

I’m 20 and looking at my college bill while being an instate student is depressing. Because in America you start accumulating debt as soon as you become an adult and turn 18.

[@abhijitchintamani1287]

I'm unmarried, live alone on a 70k+ income and yet nothing seems to be affordable like an emergency health situation, or a home or even a pet.

[@Orion_Nebula_M42]

Even 90k a month is not enough. This is the absolute worst economy I've ever seen

[@abhijitchintamani1287]

I forgot to mention, I live in a humble Texas city(not one of the top ones) and 70k still doesn't suffice.

[@DC-rd6oq]

@@abhijitchintamani1287 Texas doesn't have state income tax, so I'd guess your take home pay is somewhere between $4,500 and $5,000 per month. As a single person not living in a high rent/expensive area, you should be able to live on that pretty easily. If you don't have one already, put a budget together and figure out where you're spending each and every dollar. IMO, inflation is going to get worse not better, so it isn't going to get any easier.

[@tiamarie1226]

@@DC-rd6oq disagree I've been on the low end and I'm around 70k in Texas too ....and with costs of things it seems like I'm still not ahead. Wages are up but sucked up by inflation of things so not really ahead. I am in a bigger city not a renter but pro taxes and home ins have gone up so my monthly mortgage is more. They also tax you more and still benefits are taken out of the check. I will say the only change I am able to save I remember when I made less there was nothing to save after all was paid and food brought.

[@tiamarie1226]

@@abhijitchintamani1287 I agree with your statement even 70k is not getting you as far .

[@yiyi-py3ew]

There is a strong spirit of individualism and freedom-seeking in American culture. Such values emphasize individual effort, autonomy and self-fulfilment, while money is seen as an important means of measuring success and achieving personal goals.

[@laudableplain4282]

-Don't spend more than you make -don't have kids you can't afford

[@theroldan8675]

in other woords.. stop existing... lol

[@laudableplain4282]

@@theroldan8675 sadly kinda, blame the bankers and politicians for inflation

[@justinlavine9209]

Thank you MSNBC! Somebody finally asked the hard hitting questions that our Federal Reserve Chiefs, SEC Commissioners, Wallstreet Brokers, Federally Insured Credit and Lending Institutions, and government think tanks like the MIT Sloan Business School have been exhaustively researching since the first post 9/11 Recession of 2008. With exclusive interviews from many of today's top financial analysts, this groundbreaking coverage of America's fastest growing domestic markets examines the impact of one of the largest National debts in U.S. history as well as the soaring cost of inflation on businesses and the general public alike. Educate yourself by spending your money as wisely as your time by watching a collage of independent thinkers give Twitter(TM) sized answers to problems as diverse as: Why we ain't got no damn money no more? Why this mf sh*t so expensive? How tf a mf stay employed today and tomorrow? What tf you mean I have to pay back this school loan? And, can I afford this God damn medical bill and f***in' mortgage at the same time? Up next on MSNBC!

[@littleearthquakes3183]

This video reminds me to be grateful for where I am. Inflation hasn't affected me that much since I am now debt free and own my home, but many years ago I was paycheck to paycheck with no emergency fund. I couldn't afford internet and I never ate at restaurants or went out. I worked overtime as much as I could and took in roomates to help pay the mortgage. It was incredibly stressful and it taught me that I would rather deal with the horrible stress of more responsibility at work than the stress of no money. It propelled me into applying for a promotion and helped me make more money. Money will absolutely make you happier if it takes you out of that stress.

[@nicholasmorello6370]

Your not stressed about loosing all your home equity? I would be.

[@littleearthquakes3183]

I have no plans on moving anytime soon. I also have an emergency fund and I know how to live cheaply. This economic downturn will pass. Having everything paid off eliminates risk and gives flexibility.

[@Igotyoutriggered]

thing is....I can't tell if this is another bot comment or not, are you a damn bot 🥴

[@littleearthquakes3183]

@@Igotyoutriggered not a bot

[@angelachanelhuang1651]

helping your own family pay the bills. that's good family

[@mikeflair6800]

The most important thing we can do is to start teaching 'early finance concepts' in 7th grade. Topics should include: 1) time value of money (power of savings and compound interest). 2) budgeting of spending and 3) wise use of debt. These courses can be developed and easily understood , and be part of 'social studies'. I have suggested this like a THOUSAND TIMES, but no one pays any attention my idea.

[@biner01]

Na, this isn't a personal choice. Our economy has been in severe decline for the last 30 years.. it's the younger generations that are getting hit so hard they can't even sleep.

[@josedeleon6669]

@biner. That doesn't Invalidate the suggestion that we provide financial education. Let's not dismiss because it doesn't allow as much ignorance as an excuse.

[@biner01]

@@josedeleon6669 I do like it taken from that perspective. I took it from the "your circumstance is your personal choice" perspective which is a complete and total fallacy. Studies have shown (with modeling) pretty definitively luck is the predominate factor in success regardless of other factors (like intelligence).

[@josedeleon6669]

@biner... there are more factors out of our control than within. However, that doesn't dismiss personal responsibility. Take vacations for example. Taking vacation is a need. Psychological need to wind down. However, that vacation doesn't have to cost thousands because someone wants to travel. That is the personal choice part.

[@biner01]

​@@josedeleon6669 You're saying these people spend too much because they're too stupid? I'm not sure that's ever the case. For example, people love to go to Vegas even though the know its a poor financial choice. I'm not sure education has much, if anything, to do with this. I mean... come on. I learned those very topics in 9th grade.. Doesn't take a genius to figure these things out. I will say we should teach more about student loans and the true return on investment in terms of higher education in general.

[@josephlong8549]

I'm not stressed about money at all. I got outta Dodge and live overseas in a country that's much less expensive than the US. I recommend it.

[@reginafisher9919]

Where?

[@kenlewis2253]

Travel plans, gift buying… this is what she says stresses Americans out. The stress of demanding to live beyond one’s means. How ironic. Interesting how starving people don’t have the same level of stress. It is harder psychologically to be a greedy American than a poor person from an undeveloped country.

[@D_LEGEND]

Absolutely spot on.....this is just arrogance. 30k of debt due to stress shopping.....who the heck gave her that many credit cards. It's a continuous feedback between greedy corporations and greedy people. The truly poor, and those that actually balance their budget suffer the most from these idiots

[@kaylamoore2974]

@@D_LEGEND also she claims to be a financial professional - the one who got 30k in debt from impulse shopping due to "stress". thats insanity to me.

[@navysteel]

Christmas drains our bank accounts and causes us to gain weight.

[@JoaoSilva22222]

@@navysteel true, i stopped with the christmas shoppings, my januaries are much better now.

[@morenahlatshwaya]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life

[@cedricjiosh6935]

For me Forex trading is really profitable, investing in it now will be the wisest thing to do especially with the current rise in bit coin

[@adasohas]

you're right Forex trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.

[@JiwanWill]

Yeah for sure, honestly I made 62,800 dollars within 6days of trading with Bit coin.

[@JiwanWill]

It's really profitable for me and I encourage newbies who are interested in the investment should do now

[@JiwanWill]

@Charity Silas I don't really trade, I recommend mrs Catalina Vladimir, she trade for me.

[@dannyzero692]

Money doesn’t buy happiness is a myth, money does buy happiness is a fact.

[@sarahferguson0]

That money doesn't buy happiness crap was started by the rich. I guarantee a bit of money right about now would bring me some happiness. 🙂

[@TofuCate]

I believe lack of money causes unhappy more than the opposite. Once you make enough to get everything you need, additional money has a diminishing return. Someone who earns 300k is not necessarily happier than someone with 400k. Well off people do have problems that can't be solved with money. They can still get depression.

[@D_LEGEND]

Money will never buy u happiness, but it will give u a free addiction that gives u an illusion that u r happy until u run out.

[@Hans-gb4mv]

Money doesn't buy happiness. Even the rich want always more and more. Which is why they never give it away to good causes, which is why they want to avoid paying taxes. Having money just means that you worry about other things, that you have other problems.

[@madamcurry9297]

Money can buy plane tickets so you can travel and enjoy- if you have extra left month after month.

[@lothean2099]

My cousin lived by this rule when it came to spending.. she taught her kids. " is it a want or a need" I adopted this philosophy and it has changed my views in life.

[@parewa2629]

👍😁😁😁😁

[@johns6176]

It’s the main reason why I’ve kept from have kids, you’ve got to have things setup right to enjoy life, not going to allow my kids to be someone’s employee if I can help it. I imagine they’ll roll back abortion laws and increase incentives for people to have more children in the future.

[@PraveenSrJ01]

That is just sad 😔. Why bring children into a world that is going down in the dumps?

[@navysteel]

Kids consume a lot a time, money, and energy. Return on investment is unknown because the kids could be born sick and might not get a decent job until theirs 20s or 30s.

[@anastaauguste795]

Not everyone able to pay for their bills specially in American cultural. In New York State Everything it's high expensive. We can live only by Blood of Jesus Christ. Even professional or not the jobs do not paid workers enought wages.

[@chrisbruggers8076]

Money causes stress because most people live beyond their means. Happiness is when you learn to live within your means.

[@CrypticDanny]

Wow. I felt singled out to be honest. All of this stuff is very relatable. I’m impressed.

[@ayasensei5709]

In 50’s, one adult worked and that was sufficient to support 1 household. Now, I feel like 3-4 adults need to work to support 1 household.

[@JohnDoe-mx3rr]

I think the internet itself cause this and give people perception that they should have a certain lifestyle.

[@davidwalker2144]

Dollar Money is a silent dictator test, " in God we trust " The cure is reading the word of God that reminds you of a lifestyle you Never buy, food, get stressed, dirty, tired ,sick never will you pay rent, Health care, Geico car insurance paradise believe me?👇😂

[@COURTNEYVCK]

True

[@M123Xoxo]

If by lifestyle you mean not homeless or renting until death. Apparently the Boomers think that's too much for the younger generations to expect despite owning homes themselves since they were in their mid 20s.

[@HH-le1vi]

Yes and no. People have always liked to flex. Difference now is that it's way more in your face than before

[@chodkowski01]

I traveled the world in the military and saw how people live with nothing in other countries and how spoiled and rich we live here.

[@quintonmillett5149]

The cost of living has been going up faster than wages since 1998, that's why people are meaner now than they were in the 1990's people are turning to alcohol and drugs to help cope with financial stress I've noticed this the past 20 years, people are not as generous like they were. And drugs are more potent now than decades ago which is making people who do them crazier, domestic violence is on the increase.

[@DynastyTrickDogs]

Why is it so stressful? Because unless you're an instant multimillionaire, you're constantly working every day all day just to eat and not live in a box. One accident will gurantee homelessness.

[@ShamileII]

Money is no stress at all. It's freedom and the power of the universe! One needs to understand that it's a tool that will allow you to live life on your own terms. I love money!

[@joebloggs830]

You'll find that health actually feels better than wealth... because with health you can live without pain but with money you get soft and all comfortable, decreasing your resilience, and before you say you can take a pill or get a good doctor, no, not necessarily!

[@ShamileII]

@@joebloggs830 oh definitely not. With money, I have no stress, I sleep well at night and I go for a half hour jog every morning. Life is good everyday!

[@joebloggs830]

@@ShamileII So going for a jog every day is healthy, and that's what you start your day with, so it's a positive frame of mind to set your life up for the day... as jogging only requires the expense of a pair of shoes and running clothes, it's not actually money that makes you happy, it's what you can do with the money, - invest it in health -which is my point!

[@QuietRiot69]

Money is stressful because WE DON'T HAVE ANY!!!

[@nolagyrl4793]

"The comfort of the rich depends upon an abundant supply of the poor." ~Voltaire~

[@theroldan8675]

the poor deserves to be poor... lol

[@jonsmith7659]

So glad there are regular life coaches and money life coaches. I’m getting tired of not knowing which conman to give my money to. I need a coach for everything, apparently. And yo get more money, first I need a couple coaches to give it to.

[@mugglescakesniffer3943]

Well one salary used to cover a car and a home in the fifties. Now buying just a car is beyond us. The Economy sucks and has not kept the worker up with inflation.

[@mathisnotforthefaintofheart]

You are right in a way BUT you don't think that instant gratification and the urge for more luxury is part of the problem too? I mean, in the fifties, life was much simpler in terms of what was available to the common family. Take for example a look at toys for kids in the fifties vs today....

[@scifirealism5943]

With inflation the minimum wage should be $45.

[@neilmuir3503]

@@mathisnotforthefaintofheart no, you had objectively more purchesing power back then.

[@mathisnotforthefaintofheart]

@@neilmuir3503 That could be true. But maybe we ought to strive for less expensive SUV's, stop buying new cars on credit and learn to live within our means. There is no doubt to me that consumerism is out of control (until recent thanks to Corona)

[@scifirealism5943]

@Ben Swartz I can't afford a used car. I make $10 an hour.

[@mrrarrogant0490]

I believe she hit it on the nail! So much of our self worth is tied to the tangible things we own…..

[@1SmokingLizard]

Best financial move I made for the last 49 months has been to purposely adopt a homeless lifestyle while still secretly mooch off my employer's home-like resources (kitchen, office, shower, gym). That alone increased my cash flow more than 30%. Sure I don't lead a normal lifestyle like the rest of the civil people in my community, but I'm not struggling like them either. Rudimentary, I'm a 6-figure making individual living a minimalist pheasant lifestyle. Having to understand both lifestyles will make someone much more adaptive, understanding, and tolerant to what we all know as "change".

[@katydid917]

If you can’t afford to shower at your home and you make 6 figures, then you have a serious problem with your spending.

[@1SmokingLizard]

@@katydid917 it's not a spending problem I have. It's an oversavings craving. The underliving is just something to do because humbleness and survival challenge.

[@Rebecca.xoxoxo]

@@1SmokingLizardi find your ability to a adapt incredibly hot. Very alpha of you haha

[@alexl0890]

A burger at a restaurant now costs 18$ on average. Plus tip and tax it's like 26$. Yet hourly wages are like 7.25 to 12$.

[@CandyLaStar]

Hah! I haven’t gone to a restaurant in like 8 years 🤷‍♂️ who can afford that I make 14.5 an hour with my bachelors degree..

[@mra.prasetio]

That's insane, how did you all survive, economically?

[@alexl0890]

@@CandyLaStar exactly. I just cook at home. Burgers aren't that hard to make.

[@davidwalker2144]

Money is a silent dictator test, " in God we trust "The cure is reading the word of God that reminds you of a lifestyle you Never pay for; food, rent, Health care, Geico car insurance get stressed, sick, dirty, tired it's called paradise devils were there jelous of you attaining that lifestyle believe me?🙏😫

[@M123Xoxo]

@@mra.prasetio We have burgers at home

[@ErikAndersonNorthStar]

1. Insufficient Savings 2. Unable to afford everyday expenses 3. Being in Debt 1 and 3 are a direct cause of 2, and 1 and 3 are a direct result of behavioral patterns stimulated by government economic policy. When you continuously print money, you reduce the value of savings, therefore people do no want to save because their money is worth less over time that it's not working for them. When you keep interest rates artificially lower than the market rate discovery, as has been the case since at least 2009, you incentivize people to spend those savings instead of building them because the interest rate is not keeping up with or beating the inflation rate, which drives problems 1 and 2. When this economic situation is happening, it encourages people to try to invest their money to simply keep up, which results in further economic hardship when the government policies that are causing these issues cause a market bubble which bursts. All of this is the direct result of the government interfering in the markets, which results in a boom-bust cycle roughly every decade. With the current bubble, 2009 was never resolved and merely papered over by more money printing in the bailouts, meaning the next crash, which looks to be coming soon, will be far worse than before. End the Fed. Arrest the bankers.

[@porcorosso4330]

It is more complicated then that. That said, the interest rates have the least impact when compared to many other factors. The fed is really not the problem. The main driver is really wage stagnation which comes with globalization of the work force. Workers in the US are actually in direct competition with the work force all over the world with varying living standards and workers protection. In order to stay competitive both workers and also companies really need to minimize cost in every way. This includes the wages of the workers which I consider the single most the significant factor on why Americans are strap with cash.

[@ErikAndersonNorthStar]

@@porcorosso4330 Wage stagnation would be far less of an issue if the Fed were not driving inflation through money creation though. The federal government also plays a major role in this, since it was the move to entirely fiat currency that has been the prime factor in why inflation has exploded since 1971. If your money becomes worth less each year, wage stagnation becomes a problem because you're essentially taking a pay cut each year you don't get a raise, or get a raise that doesn't beat the true inflation rate (not the cooked official rate the government publishes). With a hard-backed currency or a currency that has a finite supply, there are deflationary forces acting on the money through scarcity, meaning that money will increase in value the longer it's held. In such a situation, wages don't constantly need to increase, since the money itself already increases in value. There will be fluctuations, of course, due to fluctuations in the value of whatever the currency is pegged to, but this is far preferable, and much more recession resistant than a currency whose sole value comes from trust in the credit of the issuing institution, as is the case with the current USD.

[@porcorosso4330]

@@ErikAndersonNorthStar You need to retake you macro economics class. Slight inflation is nessesary to avoid deflation. The reason being there are many many tools to fight inflation, but there are close to no tools to fight deflation. Deflation is considered uncontrollable in economics. That is why we avoid it as much as we can. That is the reason for the small inflation the feds aim for. Staying on hard currency is also not sustainable. The size of our economy will be limited by the global precious metal supply. This means the speed of our growth is determined by how fast we/the world can mine. This also means we stop growing when all the minds run dry. If our mines run dry and we rely on foreign mines then the growth of our economy completely dependent on foreign supply. This is simply not going to work and amlot more dangerous for our economy.

[@skyak4493]

@@ErikAndersonNorthStar Wage stagnation is primarily due to globalization for the past 4 decades, and lowered domestic productivity. Relative to global man-hour output (for the products you buy), US wages are incredibly high! Corporate management wages are even worse!

[@debbieframpton3857]

I'm glad I don't have to worry about 1, 2 or 3

[@thimmukar8565]

Irresponsible govt. spending needs to stop. Healthcare and Educational institutions should stop fleecing.

[@treidkr3]

This video made me feel incredibly blessed to not have financial stressors in my life at this time, although I know that could change if something catastrophic happened.

[@johnbarton562]

Sad, but true - you're right.

[@markterry1915]

I have no financial stress in keeping up with current day inflation...I feel like one of the lucky ones in life with my five jobs.

[@July.4.1776]

We live in a great country people come here not even speaking English and make it. It’s as much a mind set as anything, but hard work pays off I am living proof.

[@verswmarz2754]

Thanks brandon.

[@jermainemyrn19]

Price of everything goes up Rich people: we have no idea why people are stressed about money.

[@LadyCoyKoi]

Very well stated. Thank you.

[@joebloggs830]

Ever since I was in my 20's, I knew the Corporate career was not for me, so I did my sums, and realised that $1 put into retirement savings is ~$8 when retiring (based on average growth), so I started putting my own (after tax) money in, and now have as much as my Mother had (pre-retirement) and sister (who works fulltime). They objected to why I, with my chequered employment history and spending a bit on hobbies, have as much as they do: 1) Choose a Growth investment option early, and taper it back to balanced as you near retirement 2) Do you need insurances that usually come along with retirement savings accounts (such a Permanent Disability or Death etc, - do you have a beneficiary, or if you don't, why have Death insurance? 3) Put your own money in, after being paid and paying tax on it, it is likely that you can withdraw it later with little or no tax, because you paid some or all of the tax on it during the deposit.

[@angelachanelhuang1651]

ask family for help

[@joebloggs830]

@@angelachanelhuang1651 Women would always turn to family as their first port of call, especially men that are in their family unit, but I don't because I'm a guy and I can work it out, which I have

[@tylercooper1551]

Money isn't stressful, but the lack of it is

[@chancechristenberry5116]

False

[@BabaBooey99]

Luckily for me I work 12 hours a day in a good paying industry, I literally don’t have time to spend it so I just save save save

[@goodmorningfiatnam]

If the thing you are saving is USD that is not savings.

[@ChillwithDre]

That's no way to live.

[@BabaBooey99]

@@ChillwithDre it’s not, but I’m building my future by sacrificing now

[@Lousasshol]

I bought a motorhome and essentially retired in it , snowbird from desert mountains to beach during the year I’m 37 in central California currently...live life the way you want to live it and do not let others make ur mind up

[@javierduran1390]

I personally never understood the American idea of sacrificing today to enjoy tomorrow. I have seen people work their whole lives even near retirement age. And when they decide to retire, they don't really enjoy their savings. Tomorrow is never guaranteed. I personally live in the moment. I don't try to purchase anything out of my reach and of course I save for emergencies but I rather have a balance of work and personal time. "The business man said to the fisherman: "Why are you napping under a tree?" - "Because I've caught enough fish for the day." Why don't you catch more? "Why would I do that?" -So you can buy more nets, a bigger boat, go out into deeper waters, then buy a whole fleet of boats and be rich like me. -"Then what?" -Well, then you can enjoy life. -The fisherman: "What do you think I'm doing now?"

[@KevinVeroneau]

Pride is another reason many people won't reach out about their financial stress. Saying that you are having financial problems requires one to set their ego aside and admit that they are struggling and do need help. Pride makes pushing one's ego aside difficult.

[@dunny2210]

Some of the stresses are caused by personal choices like the one that will unreasonably shop and overcharge her credit cards, the needs of travels to fancy places, eat at trending restaurants, etc. These are luxuries not necessities.

[@kevinstfort]

We live in a consumerist society and keeping up with the jokes has always been an issue. But the biggest issue is rising costs not spending

[@ericmaxwell4161]

Nice to see real human issues on main stream media.

[@cripmo425]

It’s amazing how much people expect others to take care of them

[@tateoften]

With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making upto 250K within few months and I'd like to know how.

[@jenniferpowell23]

@shane heried that's heavy! keep it up, I could really use the expertise of these advisrs my portfolio has been down bad.... whose the person guiding you?

[@moanamoana2008]

First generation immigrant, grew up through public school in high taxing expensive California and saw my parents hustle. I took out student loans for college and two grad school programs leaving me 236000 in debt. I hustled. I worked hard bc with my lack of family wealth and non English speaking parents the corporate grind was all I had to make money. I saved I saved and worked multiple jobs night and day. Now at 35 I’m a senior leader I paid off all my student loan debt, I still rent and prefer it that way. I support my parents and have 1.2 million dollars. I own my car now. Don’t blame the system. Don’t blame it on your gender or race. I have no sympathy for people my age who have college degrees and are complaining about debt. Now, I realize how much of my money I gave to California in taxes and I worked sooooo hard for it. If I can do it so can you. I don’t need Biden’s handout and I don’t need the government or mainstream media telling me how bad I have it or should have it. Be bold. Hustle. My parents dont speak English, I had no support except for their love and showing me they were going to work to out food in my mouth. Happy to say I’m moving out to a no income tax state this month!!

[@kennen1171]

Another rags to riches story? Not everyone can do what you did. You wrote a whole paragraph to make yourself feel superior to people who are struggling.

[@rongendron8705]

I'm 77 & have seen the changes that have taken place in the American economy, since the 1960's! The reason the working class did not feel economically hopeless then, was because they had to "live within their means", i.e. no easy access to credit! Many also had jobs also paid 'livable pension plans' at retirement; provided health insurance; paid vacations.etc. This way, average workers did not have to worry as much about saving for these items or to be concerned that a sudden illness could wipe out their life's savings! When 'big business' encouraged the initiation of 401k's; 403b's; IRA's, etc. to replace 'defined pension plans', it spelled the "beginning of the end" to Americans not feeling 'stressed' about money!

[@codgamer]

It is about time Personal Financial Management to be included high school education.

[@ese3go]

when I see something I want to buy, I tell myself no after asking if I really need it. After living in poverty on miserable minimum wage jobs for several years as a young person I was traumatized. I will pick up pennies on the sidewalk. After all, it's free money.

[@One-12937]

I dropped those B

[@Lynn-d6r]

Yes, insurance pays less of the health care cost than it used to. Health issues are a leading cause of bankruptcy so insurance by itself (regular health insurance, long term care, etc) is not enough.

[@elvismark5172]

The markets are still doubtful that the Federal Reserve will keep to its plan to raise interest rates until inflation is under control, even if bond yields are rising while stock prices are falling. What is the greatest method to profit from the current bear market while I'm still deciding whether to sell my $401,000 worth of stocks?

[@alexanderjames3043]

Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.

[@oscarjiron6974]

The fact that the US stock market had been on its longest bull run ever makes the widespread worry and enthusiasm understandable given that we are not used to such unstable markets. As you pointed out, it wasn't tough for me to earn over $780k in the last 10 months, so there are chances if you know where to go. I hired a portfolio advisor since I was aware that I needed a solid and trusted plan to survive these trying times.

[@waynestones]

@@oscarjiron6974 Because my portfolio has performed poorly for the whole year, I tried researching new ways to make money in the market, but everything I attempted just seemed to miss the target. Please provide us with your financial advisor's name.

[@oscarjiron6974]

@@waynestones I've worked with several different investment advisors, but thus far, "Sharon Lee Casey" has shown to be the most knowledgeable and competent. You might be able to discover her online by performing a name search given the size of her fan base.

[@patrickperez7387]

@@oscarjiron6974 She has outstanding credentials and a commendable job, so I can see why she is so busy. I instantly copied Sharon's complete name and typed it into my browser as a result.

[@bigboydrz]

I think as a society we need to start getting rid of jobs that go nowhere and do nothing and free people to pursue their dreams instead.

[@DanielleLeonetti]

💯

[@greghelton4668]

That is what Andrew Yang pushed and what Elon Musk is doing with the bot effort.

[@YorktownUSA]

Ummm... what?

[@debbieframpton3857]

You can pursue your dreams as much as you want as long as you can pay your bills

[@DynamicUnreal]

Someone has to do those jobs. You can’t just get rid of them without declining the standard of living of everyone else.

[@smmuajhossain9910]

That's the way money does what money did in the past. People are more concerned about money than any other thing on the planet.

[@TheBobfoc]

I have an issue with what Lea Landaverde said at the beginning where people have anxiety about building generational wealth… Majority of people out there aren’t looking to build wealth… let alone generational wealth! They’re looking to make their rent and their bills and keep food on the table for their family. Get a grip of reality woman. Gawd!!! Comments like this annoy the hell outta me… it shows the divide between many of us in either earnings, spendings or expectations.

[@Blueskydaisy000]

YES!

[@FinanceMind]

Americans should be more stressed about money given the crazy economic environment we're in right now!

[@LaDivisionDeAriza]

Money is not stressing, lack of it is

[@alanmiller5018]

“I was sad…so I would shop.” A modern day holder of a Masters Degree in Finance, everyone! Glad to see someone debunking the myth you have to be smart to be college educated.

[@happymolecule8894]

These are the people who become socialists.

[@MikeyPaper]

The fact that this comment isnt rated higher shows you most people dont like the truth.

[@Confettifun]

Excessive shopping is literally a vice and has been shown to release endorphins like drinking booze, doing drugs, risky sexual behavior, etc. So she isnt “stupid” she’s depressed and clearly using a self-sabotaging vice to cope both stress even as it causes her more stress

[@Confettifun]

@@poopmanfart Staying at home isnt a vacation. Vacations are actually great way to escape stressors and immerse yourself in different cultures.

[@maximusdecimusmeridius5438]

The average home is 400k and the average income is 50k, that's a 8x meanwhile in the 70s it was only 2x. Not to mention the increasing energy prices.

[@donaldlyons17]

Omg really so housing was getting way more expensive realitive to incomes!!!

[@scifirealism5943]

Wow.

[@user-gz4ve8mw9l]

Few people make 50k a year...I don't know where you live. Here in reality in the USA on earth the majority of people make between $15-30k/year. That's after taxes and no $15/hr doesn't even equal $30k.

[@donaldlyons17]

@@user-gz4ve8mw9l I think he intended for pre tax. I don’t know many who state they make x amount after tax. But I think your right. I have had many tell me their kid ended up with 1 million in a retirement account but almost no one tell me they have 1 million cash!!!!

[@user-gz4ve8mw9l]

@Davit M Nope PA almost everyone around here makes $5-30k/year after taxes. Yet the required cost of living is closer to $59-65k/year. The median wage equates to $15-30k/year after taxes nationwide. Which is to low to live off of nearly everywhere obviously. Yes people do make more but they are more of the exception. In California it's no wonder $70k doesn't go as far as it would in other states. Especially IF you live in close proximity to a major city.

[@Daphattack]

Healthcare is a huge issue its just ridiculous. You pay a fortune in insurance, your company pays another fortune in insurance and finally you still have to pay another fortune if something goes wrong. Like WTH. Insurance companies and Hospitals are a real problem in America.

[@aleksanderabraham9673]

Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

[@ebonicalbert5711]

Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

[@aleksanderabraham9673]

@@ebonicalbert5711 Anyways not actually, what I know about trading almost borders on zilch lol. I make huge profits on my investment since I started trading with Mrs Debbie Ramirez.

[@aleksanderabraham9673]

@RONATO Johnson My coin stays right in my trading account, my account just mirrors her trades in real-time that's the idea behind copy trading.

[@ebonicalbert5711]

@RONATO Johnson Same here, My portfolio has been going down the drain while I try trading, I just don't know what do wrong, have invested $18,000 in crypto all have now is just $5365.

[@ebonicalbert5711]

This is exactly what I need for my short-circuted brain at this moment of time. please I really need help with her info.

[@elliottharris9015]

Financial education is imperative to ones economic survival, but it's unfortunate most do not possess such knowledge. Learning about credit cards, insurance, taxes, building credit, mortgages, stocks, building businesses, wealth management, and banking should all be subjects taught in school. As we all know, lack of financial education leads to bad financial decisions.