Something's Eating Your Money!

[@SeanLei]

So True! *If you don't get a 2% raise* then your salary has *decreased in value.* If you do get a 2% raise, don't be deceived! Your salary is *worth the same.*

[@TwoCentsPBS]

Exactly right!

[@nathanh3316]

bro im subbed to you

[@SeanLei]

@@nathanh3316 thanks Nathan! No surprise we follow similar channels!

[@95sweets]

2% raise? We demand 30% raise in India!

[@SeanLei]

@@95sweets do you get a 30% raise every year? 🤤

[@JohnHeng]

Annual 2% raises aren't raises 😂 they're just "inflation-adjustments." Don't think most people understand that!

[@uptbug]

Sad thing is I'm happy just to get that. Lots of places don't even do that for employees.

[@JohnHeng]

@@uptbug yeah I'm in the same boat, as long as I get a 2% raise, I'm satisfied but it doesn't make much sense lol it's not really a raise

[@uptbug]

@@JohnHeng I don't know why I didn't think about it before but that is something I could try and negotiate for the next place. Annual CoLA in addition to any potential merit raises.

[@MikeBNumba6]

@@LG123ABC yup changing jobs or promotions are the only ways to get real raises. These companies are cheap and greedy. They spend millions on executive management while paying everyone else pennies. Then they waste thousands on bringing in new hires because of their shit turnover rates

[@chiisana0sekai]

And a lot of companies doesn't even offer the inflation-adjustment pay raise. They are technically paying their workers lesser every year... And the worst thing is that people has no choice but to stick to their current job because of bad economy...

[@fakename7423]

I have noticed the effects of inflation I used to be able to get Burger King spicy chicken nuggets for $0.99 now they are $1.69

[@shelleygreyrealtor]

😆😂🤣

[@lucky-mud]

I used to buy candy for 0.10 pesos now 2 pesos :(

[@gerRule]

I used to buy a pint of Guinness for €3.12 but now I pay a minimum of €5.70

[@lucky-mud]

*Argentina* am I a joke to you?

[@ratgrandma6540]

Burger king used to have 99 cent whoppers now theyre 2 for 6 dollars

[@geofferypmeyers]

I thought this was going to be a video about how much people spend on restaurants.. lol

[@MikeBNumba6]

It's really the drinks that kill you when you eat out. I usually always get a glass of water. When you order soda or alcohol that's an extra 5 bucks or more

[@TwoCentsPBS]

Bahahahaha! Oh...that one's comin. ; )

[@blackbeltfinance4026]

Me too lol 😂 🙋‍♀️

[@caperr2]

Me too lol

[@rishib94]

You literally called this one out :P Their new video on eating out is here!

[@Gustavo-vk5nd]

I feel like you guys are my mom and dad telling me important life lessons and I can't thank you enough for it😍

[@tylerporter9624]

Big facts!!!!!!!! I love them!

[@Scott-by9ks]

If you think they give you life lessons, talk to me!

[@ujanachakma]

Same❤️

[@danielcj13]

Lol

[@kathrynhoke4830]

@@tylerporter9624 oooooooooo

[@ChrisInvests]

A surprising amount of people fail to realize the power of inflation 👎 For example, they're happy when they buy a home and after 15 years it's gone up in value--about the rate of inflation.

[@jasonharris765]

Better than going down...which happens as well.

[@jrg305]

I thought the point of buying a home was so that you didn't have to pay rent for the rest of your life

[@TwoCentsPBS]

Yuuuupppp.

[@Floatacious]

home price increase is not really due to inflation, it typically outpaces inflation. The real reason is that the federal government has guaranteed home loans and so the are given to everyone, thus making a greater demand for houses and driving up the price because everyone can pay more money for them.

[@shelleygreyrealtor]

And when you rent, you get...... nothing. So yeah, housing can be a great investment when you understand real estate.

[@GhostSickness]

I thought this was going to be a video on how much money people waste on food lol

[@CW25710]

Same

[@kateg9437]

Me too. I've seen various studies saving the average american spends 2k/year on coffee, eats out 5 times a week, the lowest income people spend 9% of their income on fizzy drinks. Also the amount of food the average person wastes is shocking (I forgot the percentage/cost) Madness!

[@sk8r1049]

Cost of living has gone up significantly while same household income has been neutral for last 20-30 years

[@agisler87]

Many things have gotten a lot cheaper. It's only where government gets it's greedy hands involved that prices continue to rise. www.aei.org/publication/chart-of-the-day-century-price-changes-1997-to-2017/

[@chungchan2678]

yhh its called robbery you can thank the banks, central banks and government for that :)

[@ellenorbjornsdottir1166]

income has been dropping in real terms

[@ellenorbjornsdottir1166]

@@agisler87 Don't lie to us Ayn

[@Felipe.N.Martins]

When I was a child in Brazil (early 1980’s) my father would go to the supermarket on the same day he received his paycheck and would buy everything for the whole month. A delay of one day would literally mean less food! Basically every home had a refrigerator and an extra freezer to store food. I remember that monthly inflation was reported with a 2-digit figure, hitting around 80% in one single month.

[@einstein1102]

Hey, Madagascar - my beloved country made it to the video. And it's true, every year we get hit by cyclones coming from Indian Ocean and every year it gets worst. Climate change is real, people. Great video - thanks for the enlightenment about inflation. Now more people knows about what the news is talking about when Feds want to cut or raise interest rates :-)

[@crimsonite1524]

i wish you country well, it really seems to have a lot of potential to become a utopia, im from Botswana

[@TwoCentsPBS]

Oh wow! How wonderful! It seems like such an incredible and unique place. So glad you're here! Stay safe this season!

[@aryapatel7615]

sorry we never wanted to send cyclones

[@einstein1102]

@@TwoCentsPBS It's one of the most wonderful place you'll ever visit if you have the chance to do so one day. Our country has its own problems but its welcoming friendly people and natural beauty (70-80% of plants and animals in Madagascar are unique to Madagascar only) will make up for it. Sorry for diverting from the video topic but not a lot of people know about my country and any chance I get to tell them a little something, I take the opportunity :-) If you are a football (soccer) fan, recently we made a huge headline in the African Cup of Nations by making it all the way to quarter finals as a first time participant

[@ambinintsoahasina]

I'm from Mada too, and people know us from the cartoon XD LOL @einstein110 > #ALEFA_BAREA

[@faithinablanket]

I'm in college now, but this video did more for my understanding of the fed in seven minutes than nine weeks in an AP Macro course. Bless you guys and the good work you're doing!

[@richardgonzales3341]

Almost anything college can teach you can learn for free on the web. Not to mention all the stuff college makes you study that you shall never need again in your life. Just remember that the mitochondria are the power house of the cell.

[@faithinablanket]

@@richardgonzales3341 That class was in high school, and as I'm on a full scholarship, I'll take the extra line on my resume, even if some of the information is less than applicable. I do value well-roundedness however! And quite love biology.

[@ladasodaexplains3355]

Faith LaVoie that's the one class I wish I have taken. too bad my high school never offered it

[@Scott-by9ks]

What university?!!! I am surprised at how many people don't understand how the reserve banking system works.

[@faithinablanket]

@@Scott-by9ks (see my reply above to Mr. Gonzales :) ) Either way though, not everyone has access to / the space to learn about some of the more complex parts of the economy! That's another reason I'm so grateful for channels like Two Cents for helping make topics like this accessible to all.

[@NateOBrien]

Thumbnail on point

[@littleretroship6403]

A Nate O’Brien comment with only 7 likes? Something is wrong here...

[@wat2206]

Woah, a verified account with only 2 comments

[@pauljinadu]

Hey Nate... Kelly Stamps says hi. Reply her email

[@lambbone8302]

I love the production value but simple ness of these videos. Keep it up!

[@TwoCentsPBS]

Thank you so much!! We intend to!

[@thedude7319]

This and other financial youtubers really helped the more dreary view I had of the future. Keep it up

[@xoVioleteyezxo]

It makes me sad that these videos weren’t available when I was in high school! I think all your videos should be mandatory viewing!! You do an AMAZING job of taking complicated topics and making them easy to understand. Thank you for making these videos!!

[@dscrive]

This past weekend I was looking through a sears catalog from 1972 (I had a good reason) I noticed some things that I was thinking "wow, that was cheap" I then ran the prices through a inflation calculator and realized "oh, that's about the same" except TVs, those puppies have gone waaaaay down in price, 400 bucks for a tiny color TV back then, 100 bucks for a much bigger color TV now. Then, I looked up average gas prices adjusted for inflation, the price has actually stayed pretty consistent over the decades. Of course, minimum wage doesn't move with inflation, which is why, adjusted for inflation, the minimum wage in 1972 would be nearly 10 dollars an hour today.

[@ningunoningunos3044]

2Cents: *Makes video about inflation* Me and my argentinean bros: Allow us to introduce ourselves

[@lincolnshynider6788]

Bro I'm Venezuelan

[@Snusnu2977]

argentina bros write that down🤣🤣🤣

[@777simplementenaty]

Viste cuando sos de Argentina y podrías dar clases de inflación a los otros países. Qué triste!

[@whalisten]

Rindo com respeito 😅

[@TheSiddhiDesai]

Your videos are so easy to digest, even though I've learnt all this is my economics courses, the way you guys contextualise it to real world events and explain its use for saving and investing really helps put things in perspective. Thank you so much!

[@TwoCentsPBS]

Thank YOU for sayingso!

[@crystalb.5723]

I'm a simple woman, I see a two cents video, I click!

[@LuckyDogProductions]

Home prices only increased 3 to 6% per year since the 1930's until the 2000's when BANKs jacked up the prices of existing homes to fuel the mortgage scam that came to a head in 2008, where BANKS increased the cost of the home on paper to sell to investors who thought the mortgage was attached to a larger home. In 1999 a blue coller home was $100k, by 2006 the same home was $500K, so the BANK could bundle and sell that debt to an unaware investor in the for of a CDO or CDS, that home value fell to about $300K after 2008, leaving the home buyer hold a big bag of debt on a crap home. Now home prices are at the artificial bubble rate so banks can run the scam again, and keep unfortunate home buyers that did not loose their home and savings due to Realitors, Lawyers, and Bankers as a team, assigning home buyers with SCAM mortgages, thus the home buyer loosing a down payment and the home if they could not weather the SCAM. Ask Bill Moyers at PBS, he knows.

[@stefane.r.r.6032]

Daym... Man... How sad the world we are living in

[@Shairaen]

The financial- wise parents i never had. sighs. I love you guys

[@TwoCentsPBS]

Thank you Shai. SO lucky to have YOU!

[@TwoCentsPBS]

We love you too. Now go eat your veggies, drink your water, and brush your teeth. ::yells out the window:: MAKE GOOD CHOICES!!!

[@lionzion89]

Hey guys. I'm a fan of your videos, and also a Venezuelan. Thanks for mentioning my country in the way that you did in this video. You didn't "edulcorate" the message, but actually pointed the country's unthinkable inflation issue directly at the authoritarian (and criminal) regime of Nicolás Maduro. Thank you very much, really.

[@everythingzen2428]

Your videos always make me feel guilty about my financial status, but tough love is better than no love! Thanks, as always!

[@SnowFoxParty]

I noticed what eats my money the most is the taxes on everyday needs and items. A 5 dollar trip can turn into a 15 to 20 dollar trip keeping us more and more broke :/

[@Unc3]

Love that accidental BWUK on 1:15

[@MoromoMusic]

Your graphics, animation and humor is perfect!

[@robertmelvin7908]

I didn't expect this to be an overview of savings vs investing. This was extremely well explained and should be taught in school.

[@Financebdarija]

You guys are the best...I learn a lot feom you 🤜🤛

[@PawStreetProwlers]

When you're in a job for 20 years, getting raises and promotions, and they hire temps at the same salary you're making......or more

[@missminty1996]

I honestly love every video. I learned more about finance watching these than ACTUALLY majoring in Finance at a University 😂

[@TwoCentsPBS]

Oh dear! I don't know whether to be happy or sad about that. Lolz.

[@adrianalonso489]

What’s sad is i learned more in watching these videos than I did in my three years of undergrad studying economics. Please note I am not a slacker I attend almost all my lectures and have a 3.2 GPA in case someone tries to argue to that I should have paid more attention in class.

[@Phlegethon]

The misinformation on this: the fed doesn’t decide how much new money is printed, that’s auto determined by points 1 and 2 you had

[@nassernathan]

I disagree

[@rhythmandacoustics]

Federal Reserve actually promotes inflation due to the Fractional Reserve banking.

[@Hybridhearted]

lol They left that part out- inflation generally isn't a thing unless new money is being printed or there is a supply shortage of some kind. In a healthy capitalist economy, prices actually drop or stay neutral as wages rise.

[@joshuaa.kennedy8837]

@@Hybridhearted this video is so misleading. They make inflation and deflation like it is normal for money and leave out the fact that we don't have money we have currency that is stealing your time from you.

[@rebeccasingh2713]

Taking inflation into account my 2% pay rise is actually a real terms pay cut 😳

[@VIDEOHEREBOB]

Excellent tutorial. We could all save more money too by just changing our mindset and learn to do with less. Truth is some of the things we spend money on, we simply have alternatives, even the mundane things like paper towels!

[@sergiocortesgodoy]

Really good videos! I have watched like 30 of them in a week! Thanks for making the information so simple to understand

[@JoelReid]

Vanilla is a bad example since the vanillin chemical is really easy to synthesise... and that is what many ice cream producers do. They just move between natural and artificial vanillin depending on cost. High end icecream (often identifiable by the small black specks in the icecream), however, relies almost entirely on natural vanilla, so does not have this option. You can see this effect better with vanilla essence, which can have two products, natural and synthetic, and both. Depending on your country food labelling laws, those with artificial vanillin can not label as natural.

[@goldiea8598]

Scotiabank signed up my husband for a insurance without telling him. He paid hundreds of dollars when he didn't pay his credit card and told him he signed a agreement. He never used it and only gave a $70 refund when we asked. Beware of things you sign. Take the time to read the agreements and then sign.

[@lilac.love.letters]

I don't know if this is inflation or just our government adding too much tax but I remember soda to be just 7PHP back when I was young and now it's 10PHP and I'm not even that old yet.

[@Em-by9ez]

It would be cool to see a video about the impossibility of eternal economic growth! Seeing as we are running out of raw resources, and ruining our living spaces and all. Circular economics is really interesting.

[@CleverDoughKids]

🤗💖😍Another great video that takes a complex financial topic and breaks it down into bite-sized, digestible pieces. That's why I always recommend your videos to my financial education for kids parents. I teach them how to help them grow a healthy wealth mentality in their kids (and themselves), teaching them things like goal-setting that actually works, and how to stop that negative self-talk in our heads that holds them back and then I can rely on you both to help me teach the basic financial literacy foundation. It's so wonderful ... Team work makes the dream work, as the saying goes! Great video, look forward to your next one. Will share this one with my members for sure! 🤗😍😍

[@TwoCentsPBS]

Awwww thank you SO much!! You're awesome!

[@20gdetitane]

0:26 I get the joke (bitcoin being the money of the future) but you did a mistake here. Bitcoin doesn't have inflation. It's capped at 21 million units, and the program cannot change except if 51% of users decide to, which nobody wants as we're all very satisfied with having no inflation.

[@Georgije2]

In the former Yugoslavia where we had hyperinflation people could take loans to build a house and 10 years later only pay the equivalent of a cup of coffee per month to pay it off.

[@JP2GiannaT]

Yay, someone talking about Venezuela! I mean, sad that it's a situation to talk about. But I can't figure out why no one has been talking about it that much.

[@Nemosw828]

Yay , thanks for mentioning my country in your video, keep up with your excellent financial education videos, cheers from a fan from Madagascar.

[@TheJusticefornone]

A mac costs one Bitcoin? That must have been a really special Mac then! 🪙💻

[@GeneralChangFromDanang]

I had a factory job out of high school where they gave employees a $0.25 raise each year. I told them that wasn't enough to even keep up with inflation and they just looked baffled.

[@blackparadoxx9656]

Inflation is the increase of the money supply. So when the FED has to print more money to compensate for budget deficits, then the value of the money in your bank decreases.

[@andrenguyen5194]

Damn the Fed!

[@sleepysteev2735]

I appreciate the way you framed inflation as not an obstacle to be avoided, but a challenge to overcome.

[@shasheytm4155]

even though I'm not american, I fully understand your teachings about money. Thank you, Two Cents!

[@tobeytransport2802]

In the UK the minimum wage goes up every year

[@ridita5221]

I tought this is a video about obesity and it's costs.

[@CK-ti2mf]

the problem is funds usually returns way less than 5% let alone 8% after all fees deducted. I haven't seen any growth on my retirement mutual fund even after switching banks (except for the money that i put in). It's just like putting money into my cheque account but I can't touch it.

[@luisandrade2254]

Mutual funds are not good investments you should try indexes

[@origamiandcats6873]

Maybe you could do a video about why people fear investing. How a lot of power and knowledge is held in the hands of very unaccountable few that can ruin everyone else in an instant.

[@chhe5433]

As a teacher, we have to go on strike to even get a raise that goes near to meeting inflation. God forbid we ever have a pay increase that actually beats inflation. Great video by the way!

[@curtisdavis8594]

Yes, when I started working 13 years ago. My gas cost took only $20 bucks to fill the tank vs $40.

[@digitalmop]

4:18 taking jabs at San Antonio had me laughing

[@jefferyfelix1416]

I love Two Cents because, unlike a lot of folks in the financial world, you don’t treat people like they’re dumb because they don’t know things or haven’t been doing them.

[@PhongNguyen-nz9kz]

Yes, mainly in potatoes chips, I remember when it was 50 to a dollar for 1 bag of lays. Now it’s like 2 dollars.

[@charleslescoe6617]

I truly love you guys and what you two do. Not only has your advice and videos helped me tremendously but also that manly mustache is just so awesome to look at, I am jelly lol

[@tobeytransport2802]

4:19 San Antonio is still over 5000 miles away from where I live!

[@benhardsinaga3498]

i am 23 atm and my financial regret is that i didnt invest sooner... yeah im broke but thats the point. no one expect you to be more than a broke young adult. so make use of that "privilege" to be broke while steadily growing your investing portfolio. like seriously... its so much fun seeing those numbers grow rather than spending that money on an expensive coffee brand that basically turns to piss. and the dividend yield doesnt hurt~ waiting for video from two cents about other investment instrument other than mutual funds and stocks. like bank deposits, peer to peer lending or bonds and how much they fare against inflation and ofc the risk involved thank you so much for Two Cents for making this contents. much love from Indonesia~ we have so much difference in financial culture but money speak one language!

[@thehibernatingturtle4016]

I'm studying Canadian securities and you guys would be amazing to learn from! So simply put and fun to watch. I watch your videos on the train to work and at lunch. Oh and baking. I just made muffins while enjoying an inflation lesson. 🧡

[@trakyaliibrahim]

This is the most important channel on KZbin. No exaggeration, because the things these people talk about, concern everyone's life today and in the future.

[@elizaknight6980]

I love your videos, they are always helpful, thanks for making them.

[@TwoCentsPBS]

Thank YOU for watching them! You're why we do this!

[@alfredgomez3128]

The clearest explanation I've heard of this subject on KZbin yet

[@nicholasalonzo3499]

If only we could educate people that raising the minimum wage is a form of cost push inflation.

[@CarFreeSegnitz]

If only we can teach people that waiting on capitalists to do the right thing is a fool's errand. Just look at history, the Gilded Age (~1865- ~1894), when capitalism was completely unfettered. Rampant monopolies crushed workers and stifled innovation. A small number got stinking rich but the vast majority lived terrible lives. The myth that what's good for corporations and the rich is good for the country is not true. Deregulation, unfettering capitalism, over the past 40 years has stagnated wages. We're told that tax cuts and deregulation will boost employment and wages. We witness corporations use tax havens and stock buy-backs to concentrate wealth. Several generations ago households could support themselves with a single income. Today households can barely get by with multiple jobs and a gig or two on the side.

[@yoavmor9002]

@@CarFreeSegnitz Monopolies are the only thing that we cannot allow to exist in a truly capitalistic society

[@barvdw]

Better even, make them linked to the consumer index, so they keep pace with inflation in the future, too, and it's not a yearly battle to 'raise' it.

[@DustinDawind]

If only we could educate people that if you don't raise the minimum wage to keep pace with inflation each year, minimum wage workers make less every year.

[@averagejoey2000]

@@CarFreeSegnitz a stock buyback does not concentrate wealth. the money exits the company

[@umar323]

Awesome content, you covered a lot of ground in a simple, easy to understand way!!!!!!

[@beeplove5710]

Cost-Push and Demand-pull, I am studying the same technical term in my engineering economics. You made it very clear. Thanks A lot.

[@tomislavvinkovic827]

You guys are gold! Thank you for all these lessons!

[@naderaladawi4326]

Very Insightful. I wish if I listened to this 30 years earlier. :)

[@CAFECITYSTUDIO]

I'm learning more here than my own aprendiendo con Juan Carlos videos in my Chanel 💪👍🏼

[@MC-dn8if]

Great video, glad to see you covered this! I think discussions about the federal reserve & inflation lead into discussions around supply vs demand side economics. I.e. why is growth seen as the counter balance to inflation for the Fed. This is also something that there is a LOT of confusion & ignorance about in the general public.

[@TwoCentsPBS]

100%%%%%%%%%%

[@adventurouspeach]

“Somethings eating your money” Honestly it’s me I’m eating my money....

[@rea8585]

You guys rock it in every video!

[@TwoCentsPBS]

Awwwww thanks!!

[@Floatacious]

​@@TwoCentsPBS I know that most people will not be able to watch this whole video, but please make some time in your schedule to watch this video, you are being lied to. kzbin.info/www/bejne/rn_GXquefZ2eoc0

[@natchancat9610]

Venezuela: its supply

[@Somnxm]

That "something" must be starving now cuz I dont got any money 😭

[@feynstein1004]

Lmao dude

[@elizabethstein369]

Working in retail I need to explain inflation frequently. Customers complain that years ago the same product cost few bucks less than now. I also need to explain taxation to adults all too often.

[@sammyjohn.production4783]

Omg are you from texas austin me too me too didnt knew it owww hi five

[@Subderhenge]

A lot of jobs don't really give raises to their employees anymore.

[@littlelyndseylou]

Great video as always. Given the connection with PBS (and how this feels like a grown up version of the educational blurbs we watched growing up on PBS) , I feel like the patreon plug at the end should say "this program is made possible by contributions from patrons like you!" :D

[@superdingo9741]

0:05 I got that! It is required to clean or even launder money in order to heal it. That's why people who make money laundering are rich. Am I right?

[@davidsaenz2449]

It me. I'm eating it. I swear I spend all my money on food.

[@valli9063]

This channel deserves more views!

[@biguniverse9493]

deep teaching . thank you. you’re great explainer.

[@SHA256HASH]

Please do a video series on financial independence! There's so many great blogs out there that people need to know about!

[@TwoCentsPBS]

We did! Go check it out!

[@carlosavila1155]

Prices at local restaurants have gone up. I hope some of those increases go to the employees.

[@alvinballesteros1802]

Nice Thanks .. Even here in the Philippines your knowledge applies.. This is universal..

[@TheFourthWinchester]

One small thing though. The US does print boatloads of the green dollar as it pleases and gives them overseas. The worst currency there is in the world.

[@Phlegethon]

Actually the bank of banks are BYNM and State Street

[@TunesbyJoey]

I love you Two Cents and as soon as I get my financial life in order I will be contributing to your channel any way I can (Patreon :)!

[@josieschmo4172]

Your content is fantastic, and you both are so charming!

[@GrandMasterFreshMpls]

i love this show. do you guys have a podcast?

[@ricardoapontem5886]

Great information guys! I love your channel. Thanks! Hugs from Sweden!

[@taylo226]

It's called legalized plunder. Frederic Bastiat talked about it in his book "The Law" One of the greatest books ever written on economic principles.

[@videosammy]

So basically a person does all the responsiblethings, work 24/7 to save up money planning for vacations and other things and they can still get screwed over by inflation. Well that just sucks...

[@daviddwhit3225]

No! Not San Antonio! 😱

[@nooodisaster]

I just binged watch soo many of your videos, I love them! You got a new sub :)

[@mariamarquez3132]

Thanks you guys, I’m from Venezuela! Great example on how a government can destroy a country.

[@ramennoddle599]

Thank you 2 cents!✌️😎