Why Young People Are in So Much Debt

[@KiRMett]

A licensed therapist with a lock for an earing. Nah, I'll pass.

[@100puremustard5]

I'm sure he was the top of "his" class 😂😂😂

[@willemv3114]

The nose ring dubbele pass

[@kevint2524]

used to be professionals dressed more professional, yet i guess its not hip anymore to look like a profesional, nose piercings, gauding ear rings, necklaces, if he used his money better, he could possibly afford a living.

[@robertfullone9032]

🤣

[@CommanderRiker0]

LOL

[@starscream6415]

Money printer go BRRRRRRR 🖨🤑

[@germanforce6607]

'The stock market is up so that means the economy is doing well' what a JOKE!

[@MrJimtheRooster]

Yet somehow modern monetary theory was just an appeal to novelty. These people fucking suck

[@GPmann45]

Money grows on machines these days 😂

[@scienceofthemagi9750]

And you & me get nothing but inflation The most disgusting tax

[@neovalkyr]

The economy is doing good but the people at the top are doing so well that it balances out everyone struggling. Think about it we're all paying so much for everything profits are through the roof.

[@The9thMonth]

Things used to be unfair but manageable. Now, it's both unfair AND unmanageable.

[@Joe-gl8sr]

And a lovely 24%+ interest rate… the newest slaves to the bank

[@jeffreyhamilton2407]

🏆

[@OlufemiAboderin]

This seems to be the difference between millennials and gen z. Things were unfair ,but there was a light at the end of the tunnel if you pushed through. Now there is no light just an endless tunnel of darkness for us gen z. But older gens will just say we’re making excuses and don’t want to work cause we’re lazy and soft.

[@feanor7080]

There’s a huge difference between being a ‘doomer’ and being realistic about the direction the world is going in. Hope can be a dangerous thing. Assess and adapt accordingly.

[@feanor7080]

Blackrock and co and the small hat tribe. That’s it.

[@johnbernhardtsen3008]

arent that company and some others buying up land across the world? I have read from some that russian Oligarks actually own all of London the land it sits on!!

[@feanor7080]

@@johnbernhardtsen3008land and homes. Even here in South Africa it’s becoming unaffordable.

[@scienceofthemagi9750]

It's why bankers lawer politicians and the secret service always change jobs. The real ...... you know I can't say that here.

[@scienceofthemagi9750]

​@@johnbernhardtsen3008 go look up fascism. Then you'll be like. Oh I get it. Though most call it global federalism or oligarchy or wef or global centrised bank

[@scienceofthemagi9750]

​​@@feanor7080am from the UK. Tried finding a wife in France Australia and Sweden. All these places house prices × 200% in less than 20 years. So ye. I kn

[@brandongosselin]

because we own nothing

[@jefesalsero]

And they said we'd be happy. Smh

[@GPmann45]

Many don't even own a cellphone, crazy times 😵

[@feanor7080]

And we are so so happy, right?

[@ahicksSF415]

​@@GPmann45bro I was just thinking this before I saw your comment! Most of our phones are financed!

[@brandongosselin]

rent rent rent

[@katiekilbo]

Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.

[@MianHussnain-tu1wi]

It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days

[@nandojuace]

Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.

[@LolMan-qy9cc]

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.

[@amytuttle1621]

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

[@ysareyes]

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@feanor7080]

Sucks to know I will (probably) never own a home.

[@Goatlikeitornot]

Neither will anyone else

[@JuanRodriguez-tf7fh]

Ok Doomer Ok Doomer Ok Doomer

[@vanderumd11]

Get a second job and stop crying

[@100puremustard5]

I'm sure you know how to "properly" use pronouns though 😂😂😂

[@cdpgeorge]

11 years ago I started and paid my home off. But it has doubled in it's value. I will agree. It's gotten expensive. I wish you luck because I was lucky. The prices have doubled and so has interest rates. NO AFFING WAY!

[@johncarlo2630]

Why do young people overwhelmingly vote for higher taxes

[@LaughWhileItsStillLegal]

Because everything they know is wrong.

[@Bass20HZobsession]

Canadian youth are turning conseravtive HARD

[@measlesplease1266]

Voting doesn't matter. You will never get your freedom back.

[@shaunpearce6846]

Because typically you grow out of your stupidity when you get older lol

[@Drunkmonk2122]

Because they hide behind “tax the rich which translates to tax the middle class”

[@hamidousy5460]

I recently heard of a woman who went to college, got a PhD and can't find a job because the degree is just useless and the worst, is that she has a $250k debt. How do people get this far? It's crazy!

[@Eddie4776]

Hubby will pay it 🥰

[@user-mm6dn9mx4z]

@@Eddie4776 Simps deserve what's coming

[@Ralph_Kreutzberger-Blumenfeld]

I know someone who has a masters in "mass communication" and she pretty much described it as to writing reviews....

[@UnknownJorge]

They get degrees in underwater basket weaving and then do the Pikachu face when companies are like "You have nothing to offer" lol

[@clydedufffyaway]

A fiat money system was installed on the 15th of August 1971. Typically used during wartime to fund the effort. Your wealth is directly correlated with your birth date wrt 1971.

[@wyverny7195]

Debt based society 🎉

[@feanor7080]

Very glad my father taught me how to be frugal. Only spend my money on the bear essentials and thus have good savings to fall back on.

[@beastfromtheabyss]

Can you even call that living?

[@feanor7080]

yes, very comfortably in fact. The less things I own, the less I have to worry about (and this has been proven btw). My salary goes to me and me alone. I have my books, my guitars and a handful of friends. And that’s all I need.

[@ma3stro681]

“Bear” essentials, hey? Very clever … 🐻

[@miahconnell23]

Cost of housing, man. Humans require housing, and because everybody needs it, people can’t (usually, generally) choose to abstain or opt-out. Even if they could, it wouldn’t drive housing costs down: conglomerates nowadays buy up residential properties and don’t mind them sitting empty if their rental-rates are unworkable. They can still claim those properties as assets-even when they’re not generating rent. Those properties can still make money for corporations through their sale or leverage. Big real-estate holding companies -or property-management companies: the variety that own so many properties that tenants can’t choose an alternative landlord-they’re squeezing us. If (basically) no money is available to you after paying rent, there are no dollars for you to work with: and knowing how to be frugal won’t help you when you’re already choosing the most inexpensive of things: required, necessary things, mind you. “Y’know what austerity is young people ?” Well, kinda… ? What should I do: live with no electricity or running water, hoard *those* pennies for multiple months, and invest that paltry sum into something low-risk ? The cost of housing combined with student loans…there is no extra money at the end of the month to plan with. Be responsible with credit cards: yes: of course. Show restraint of course. But when your car breaks down, and that’s your conveyance to work, you’ve gotta pull out the credit card for car repair. It’s almost not a choice. Fiat money distributed welfare-style to the working poor to “make up the difference” between wages and essential costs is being proposed in some US locations. That sort of financial assistance doesn’t give renters discretionary spending to get frugal and wise with: The necessary government intervention is to address choice-less-ness regarding the large-expense necessities that consumers can’t haggle against.

[@theshadowman1398]

I chose not to go to university to avoid any debt. Licensed therapist with a bull ring. Mother of god. Using credit cards. Hell no. The only creditcard I have is a prepaid one so I can make international purchases ( using money I actually have )

[@solarstormgames]

"A licensed therapist" with a gender studies degree and a possible degree in underwater basket weaving... Useless!! I love how the professor is like, "Maybe they dont know how to save?" And never ask out loud, "Maybe they dont make enough to save?"

[@benray8676]

We don't need to worry about saving because we're so full of seed oils, forever chemicals, and microplastics we ain't making it past 60 anyway.

[@rodan2852]

😮

[@pmscalisi]

Don’t bet on that

[@PaperStCo]

Where are all the straight white guys at? Oh yeah, saving their money.

[@wataloadabollox]

we gotta rebalance the system somehow man.

[@Anicca108]

Waiting in the wings….20 year long game

[@ROKKANS]

I’m calling it now, everyone that took out student loans from 2015+ will be majority of the poor

[@ahicksSF415]

Trade schools and acquiring licenses in professions that no one else thinks of (i.e insurance adjuster) is the way to go for sure. I have a degree in kinesiology, license to be an iron worker, and my license to be an insurance adjuster, and ironically enough I have made more with my adjuster license than my degree. My degree is in last place thats for sure.

[@Pathtoadulthood]

How hard is it to obtain that license for insurance adjuster? Median wage?

[@JohnSkyLey]

I have a kinesiology degree as well. Completely useless lol. I work in marketing now

[@JohnDoe-wz4cc]

part of the issue is wages are too low, but part of it is they live on FOMO, they spend all they make on their fun and everything

[@manateerpg1396]

I'm so glad I never fell into the university/college scam. I didn't do very well in school and honestly, not a big fan of it. Because of my decision to not getting into debt for further education, I'm not in debt, I own 2 vehicles, pre-owned but fully paid off. One is great on gas and the other is used for my business. Plus I have a small business online which gives me a couple extra thousand a year. A little helps. My credit is great but saving money is still a challenge. But I can at least pay off all my credit cards just fine when I ever I need to use them.

[@DrJH-hn9hb]

You can't get a degree in social work then complain about your problem with student debt and lack of income.

[@tommyg5261]

What about Biomedical Engineering.....??

[@LOVIATHAN]

When everyone encourages you to go to college after high school, saying its a better way of finding a job that'll pay a living wage? L take

[@samuelcohen2362]

I'm 26 years old, and just finished saving my first 100K. Why? I started saving every penny I made from age 18, and went to a local college with in-state tuition WHILE staying home and not paying to live on campus. Graduated debt free, and continued to live at home while saving all my money. In today's world, you can ONLY make money by figuring out how to live rent free and save every penny. Also, DON'T RACK UP COLLEGE DEBT STARTING AT 18. Thank God I listened to my Father.

[@100puremustard5]

Someone who knows the importance of a Father, good for you.

[@SallyVerse-i1j]

You are smart and proof it is not impossible. Good job! : )

[@handlesrstupid123]

So howd you pay off that first 100k

[@tommyg5261]

Mine didn't know that

[@samuelcohen2362]

@@handlesrstupid123 I never had to "pay it off" I just saved the majority of my paychecks into a savings account, because I lived home debt free. It took me 8 years.

[@robertfullone9032]

"Anxiety inducing" WhAt A pUsSy.

[@LOVIATHAN]

chill out, hes done alot for himself. Cut him some slack. Are you in his shoes? he might be really struggling

[@reiff13]

I’m 35 and didn’t even graduate high school! I make over $112,000 as a truck driver NO DEBT 💸

[@magnitudematrix2653]

I dont believe that is take home, after taxes and or child support. Be honest now.

[@nomadic8000]

​@@magnitudematrix2653something tells me you got your masters degree and don't make close to this guy that didn't even get his high school diploma 😂 imagine that sold a college lie

[@UnknownJorge]

Hell yeah! I'm 35, college drop out after 9 months, make $90k and almost debt free at this point. I'll be done paying off my car in April, hell yeah! and then debt free

[@danielpratt3393]

Government plus people spending on stupid shit. Look at your door dash, car payment, getting a new, upgraded phone, experiences. Plus, as one of my younger colleagues said, “I don’t want to work as much as you did.”

[@ericchan5055]

$90,000 a year for tuition. That's your fault. You chose that. Times are tough, but people are doom spending and acting finacially irresponsible as well.

[@WalterWhite-gw3vm]

So my grandfather built his house back in 1949 for around $2,600 and in 2001 the house appraisal was 94k 3 bedroom 1 full big ass bathroom and now in 2024 the house would go for 370k. Hell the shotgun double across the street from me sold for over 250k 2 years ago and the rent is 1,400 a month for a 2 bedroom POS shotgun. This is in Louisiana by the way, about 15miles outside of Orleans parish

[@IcedFriction]

The more people in debt the more you can curb their behavioral patterns, ROI Return being - behavioral patterns, Investment being - credit.

[@noname-hu1vo]

All the financial assistance you could ever give a woman is already being deducted from your paycheck through taxes. You don't need to add on to it.

[@PFR1930]

Americans fell for the temptation of big government.

[@solarstormgames]

If you do go into debt, at least do it buying something useful and not frivolousness. Get land or a property that will make you money. Dont buy trinkets that are shinny to feel good for 3 secs and keep doing so until your up to your eyeballs in debt, then keep spending. Work on a way to retire early from the system. Invest in land, silver, gold, guns, ammo and preps for emergencies in your area. Outside of that? If you're not investing, don't spend money stupidly and you'll be ok.

[@rtbear674]

I see quite a lot of problem because of rent. 1st, it's true that rent is high nowadays. 2nd, these people rent place they want but can barely afford, not place they can afford. Then claim it as "I can barely afford to live!", then also slip "2 bedroom apartment cost $2.3k". I heard that "there's your problem"

[@jasonpivoroff4591]

I have zero debt...one credit card no balance...vehicle is paid off

[@GPmann45]

Good job, now try to stay single 🍺

[@jasonpivoroff4591]

@@GPmann45 I'm divorced lol

[@feanor7080]

@@jasonpivoroff4591 me too. If I were in debt I would seriously consider self deletion.

[@matthewandrews3036]

I'm 36 debt free making less than 6 figures truck, motorcycles, RV paid for. If your in a city crying about how bad things are waiting for the world to change you are probably going to die that way. I moved close to higher paying job to make things work. 2 yr degrees will get you further these days but i guess they don't teach cost/benefit analysis in high school or college you have to pay for an MBA.

[@slowbastardo9101]

CGA says: Fixing yo binds, LLC!!! CGA FTW!!! Coach gang!!!

[@AngryGenXer]

One of the big differences that maybe we don’t discuss enough with the economy is there are no extended families. In my grandparents generation, my grandfather and his wife lived in a household the first year of marriage with his parents and his grandparents. Everyone pitched in to help on the farm they were farmers, And my grandfather built his house everyone in the community came and helped him build it. By my parents generation grandparents were in the nursing homes, and the parents were with the kids with the so-called “nuclear family“ which was not a traditional family. Traditional family is several generations under the same roof. Today they split up the family and pushed radical individualism so we’re all on our own. Easier to conquer if we’re alone.

[@tobygrice6496]

Thanks, interesting and yes the isolation has increased. I think even if we can’t go back to traditional family that you describe , I hope we get better at sharing with each other in general communities .

[@RomanoCountyFair]

Ahh, the MySpace days. My background of dollar bills and quotes from Scarface. I had Nas, Kanye or 50 cent playing. Boy, I was a try-hard lol.

[@ssmith2525]

Debt is the new slavery

[@DroopyWorm]

I knew back in high school i'd never retire or even make it on my own. I hate slave culture. Decided to learn foraging/gardening/hunting & stacking survival gear, guns & ammo instead. Then I "checked out" of society & have been broke for 8 years, planned on living out of my van until i couldnt and then finding a spot deep in the woods, luckily for now I ended up living on a relative's land instead. Zero desire or ambition to be a cog in the machine. What we're experiencing is the universe 25 rat experiment, & it won't last. Humans, generally speaking, have infinite potential, but infantile wisdom. The further we stray from our roots & true nature, the sicker everything becomes from every angle imaginable. None of this will be around much longer.

[@MrJimtheRooster]

Started an edible landscaping and suburban homesteading business recently because I got into the same stuff and teach people to grow to help subsidize food and eat healthier. Even went to school for ag-business, worked on farms, and did a ton of other trade work. I also grow gourmet and medicinal mushrooms and teach people how. Life is much more than just being a "cog in the machine". Yes that existence is a possibility, but like you said, we have unlimited potential. Why not grow trees in which the fruit you might not eat from for future generations? It's about feeling of value to and respected by your community and having one to begin with. Isolation can be good for the mind, but they deemed solitary confinement cruel punishment a long time ago for a reason. You aren't meant to be alone

[@michi-bi]

Our Roots and nature was to be in fellowship with God.

[@DroopyWorm]

@@michi-bi Our roots & true nature is to be in nature & not slaving away at a 9-5. Regardless of whether or not you're religious.

[@Ghekko-kw3zz]

None of "this" sure.

[@keithnsearle7393]

@DroopyWorm Zero desire or ambition to be a cog in the machine. And yet, and yet you are on a relatives land of which maybe, just maybe you are just paying something towards you being there. So, yes, you are still a cog in the big machine otherwise you would not be in a van or/and on some one else's land in the first place.

[@HeathHarris]

Not everyone needs to go to college if everyone goes then a college degree does not have value because everyone has it.

[@vanderumd11]

How does that work with drivers licenses

[@jwill540]

​@@vanderumd11 not even remotely the same retard.

[@ma3stro681]

Much better to get a trade or heavy machinery tickets. You will always have work and not be in debt, unless you buy your own machine … 😎

[@sherwinm1622]

They need to stop giving student loans. Students do not even buy books with it. They used it for parties and gambling.

[@sarge-T.O.]

Loans would hurt less if the ed programs had job placements to go with the paper.

[@Rickylsms]

where the hell does bro live, his room looks majestic

[@jasonpivoroff4591]

Romania, I think

[@asparrow9876]

He lives in Romania lol, but he said he would leave it in an instant if Ron Paul was appointed in a financial regulatory body of Trump's cabinet, like the FED or minister of finance/secretary of treeasury.

[@Captain_Mulligan]

Its a debt-based society because the corporations wanted to pay you nothing, but still have you buy things. So they made sure everyone had a credit card... what happens when people can't afford the credit cards? Demand implosion and massive deflation

[@evildrizzt1]

Federal minimum wage has been $7.25 since 2009.

[@rtbear674]

2 Can be true at the same time. bad with money & economy is bad.

[@albundy7794]

People with obscene student debt acting like community college wasn't even an option.

[@lazarus381]

"They gave it a cute little name called DOOM SPENDING". Yes, that's a very "cute" name!

[@Dirk-Digs-U]

We are stupid to allow them to obtain credit in the first place. This is predatory lending!!

[@marcosaparicio4863]

Should have never gotten off the gold standard. 😆 🤣 😂 😹 I love doom spending on physical ag and silver.

[@MandoMTL]

Zero faith in the future = recklessness

[@germanforce6607]

My comment got deleted instantly, lmao.

[@Moonmonkian]

Utoob algorithmic censorship for the win. You must have been on the nose elsewhere.

[@rickybosephus2036]

"Guaranteed" student loans doesn't mean students are guaranteed to get a loan. It means Uncle Sam is the guarantor, or, co-signer of the loan. The loan is guaranteed by Uncle Sam to be repaid to the private bank. Uncle Sam can use the full battle force power of the IRS to collect, including threat of incarceration. So, welcome to 2024, where debtors prison is on the horizon for young adults in America.

[@fredhuang6436]

I miss the soundboards

[@noname-hu1vo]

Don't be their retirement plan! Don't save them. Don't help them. They can manage their crap decisions all on their own.

[@smackdatmoney]

Their about to find out that being under a man and serving him while having his kids and doing house chores was a PRIVILEGE. They'll be crying for traditional families but it will only be for virgins.

[@rhok9007]

There are MORE opportunities for younger generations now then has ever existed before - the business and job market is now GLOBAL --- in the 70s to the 2000 it was limited to your LOCAL area and maybe national --- 15 years ago I started a business with $900 and an Idea and within 18 months it was in 5 countries across 4 continents ---

[@Shipwreck8l8]

The main problem of the many problems is that everyone wants to be independent as in live alone for early freedom then wait till their 30’s to realize they fed up and worse if they don’t realize it till their 40’sGood luck , I totally seeing this future gong the way of cyberpunk.

[@austntexan]

No one required these kids go to expensive schools and take on massive debt. It's funny how you never hear about the Zoomer who's in massive dept because they went to a local CC, then worked their way through the last 2 years at a tier 2 state school. I feel bad for them in this current economy because of inflation but not about these terrible decisions of attending overpriced schools for uncompetitive degrees. That's just dumb.

[@AlwaysAscend7570]

I feel this is hitting some areas at different times. Here in south east Texas the only people that are dealing with this are lazy young people that are stuck in that lone wolf mentality. When I travel to places such as New York and Chicago i don’t see any young people hitting the trades hard. Here there’s already classes for minors in welding and I&E.

[@Joe-gl8sr]

Why is college tuition not regulated? They take federal money and should be controlled since they are out of control with paying administrators.

[@ma3stro681]

30yo male with a hog ring. 🤡 world. I certainly wouldn’t employ him …

[@raulsanches3619]

Live within your means and dont go in debt

[@Original-q11]

Yep 👍 .... Budget .

[@skeginaldp1533]

Stop buying Avocado Toast 🥑

[@AVPVP]

Im debt free but im still f ing struggling in life

[@stevo728822]

Access to debt has certainly become far easier than it was in the 1970's. That is why houses and education were cheaper in the past.

[@roguetrader303]

Thank god I got my engineering degree just working 2 part time jobs just to cover cost. These student loan amounts are nuts.

[@Relegent1]

"The money you have gives you freedom; the money you pursue enslaves you." - Jean-Jacques Rousseau

[@Original-q11]

Freedom .... The illusion (For most). Having wants pushes you to do better ... Excepting mediocrity enslaves you. Proper Money (wealth) gives you options.

[@devicemangler]

Not only that, but doom spending contributes to inflation. Economic models generally say that when interest rates are high, people should save, and when they are low they should spend. The fed has been raising interest rates, but the doomers keep spending which keeps the inflation cycle going.

[@mlwebb3143]

2017 made 100k 2024 still 100k

[@observerealityinhd290]

So it feels like you’re making 24% less.

[@riggitydoo5116]

Congrats🎉🎉🎉

[@OrnamentalHermitVisage]

Had zero debt since leaving high school

[@drinkingoutside7584]

Im living like the ancient Scythians. Its not bad.

[@andrewbritt2138]

2 chickens and half an egg 😂😂😂😂😂😂

[@tacticalsandwich9149]

In 2013 I was fighting in Afghanistan, I came back with $24,800 to my name for nine months of fighting. I came home an instantly was in the low income bracket.

[@madmanmark08]

This is crazy. I feel like these folks had zero financial instruction

[@King_Georges_Calcified_Elbow]

my only debt is those pesky property taxes at 40yo

[@bradfortune1100]

The internet is a metaphor for the consequences of sin. First it’s fun and you got ahold of it. Then by the end it’s no fun… it’s got ahold of you and there is no escape. The warning signs were there but the world and the desires of the flesh consume themselves

[@tweakedkonvict]

You darn kids and your Netflix subscription, that's why you can't afford a $500k house!

[@markadler8968]

Young people have always spent money on things they don't need, I was one of them and was horrible with money at a young age. The problem is that we went from a relatively affordable cost of living 5 years ago (Not including real estate) to rapid inflation and high interest. You just can't spend money like you used to and young people still want that same lifestyle and are getting more and more debt ridden because of it.

[@georgedang449]

Speaking of things you don't need, median monthly rent in NYC is $6700.

[@markadler8968]

@@georgedang449 You don't need to live in NYC

[@georgedang449]

@@markadler8968 You can also live in the middle of the corn field where the economy is dead and there are no jobs.

[@nightzwizard5719]

Doom spending is real! Most my friends thinks they cant retire so why bother trying, so they just dont save and just spend money! Fun now and pay for it later at an old age!

[@tufelhunden5795]

You can’t compare average home from the 60’s and 70’s to today and then say home prices have increased x amount faster than inflation. The average home in the 60’s-70’s was 1500 sqft versus today where the average home is 2200 sqft. Pull out the cost of central heat and air, that wasn’t common then either. Further a first home usually wasn’t the average but instead it was less than average as that’s what everyone has done to get started on the path of home ownership. Now I’ll concede even when comparing similar homes prices are higher now when compared to income. However, it is not to the degree people are being told making the black pill worse for many.

[@itshimhim2837]

We need plummers. What’s with ish college?…. Didn’t kids dislike school?… Do a short trade school idea…

[@psychoaztecs]

US prices are so high i thought they have VAT (Value Added Tax).

[@solarjudgement4575]

It sucks bc we can completely turn things around within a few years if everyone would come together.

[@ma3stro681]

The borrower is servant to the lender … 😵

[@TheVFXbyArt]

12:02 This guy left out the main reason folks don’t save: not enough money! There wasn’t any doom spending during the “govt handouts” of Covid, there was savings.

[@diegocastillo5400]

Minimum wage should be ZERO

[@MoneyandLifeTV]

I can't afford to rent my own house lol literally if i rented my current home it would be close to 3 times what I'm paying on my mortgage.

[@Daniel-Deshaun]

i’m literally considering going into the military for a couple of years just so that i can have a few years to save and get a skill

[@100puremustard5]

Boo Hoo 😂 STOP VOTING D!!!

[@mosese1172]

So that’s why all my coworkers friends and family at any job about my age also have some kind of addiction and are miserable and we all just know it and don’t say shit about it because no one else gives a shit because their dealing with their own problems and barely have good relationships lol it’s hard not to sound cynical when that really is the case for a lot us men women or they them alike

[@mrbHanoi]

Ten years of austerity is coming

[@kevinward7498]

This isn't the first time the economy really sucked, the Carter years were quite bad too.

[@imagoodlistener2730]

5:10 I get it. But no one sees the bigger, yet smaller pucture. Americans took the home loans they couldn't afford. Congress change the qualifying percentages, and it was illegal for banks to tell people they cant afford this loan. So eff it, send it, full speed, full blast.

[@davidw.5185]

I've guided my sons to remain debt free. Buy gold if you can, or at least silver.

[@twitchyrats5252]

Now we can all be broke and ghetto *equally!*

[@l3lackoutsMedia]

I feel like the economy is gonna break like in 29.

[@SWIFTzTrigger]

"You will own nothing and you will be happy" Klaus Schwab

[@flame-sky7148]

Or go back and check how much rent currently is at an apartment you rented at a decade ago.

[@titolovely8237]

There’s only one solution. Stop spending. Let the system collapse.

[@the_gilded_age_phoenix8717]

America is a debt-based economy. People have lived and died in debt there since the very beginning.

[@TheAdamk9111]

I've been hearing the why bother trying any more everything is working against them. It's terrible. I just paid off the last of my debt. My goal for the next 2 years is to invest 80% of my income.