The American Dream Isn't Dead... You Just Can't Afford It

[@HowMoneyWorks]

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[@Mocktailmetal]

Something's not correct about this video, the youtuber of this video is talking about the digital nomads who are in IT, tech sectors. Last time when I checked, all the IT, tech companies are calling people back to office, and whoever is defying is getting boot! Also, the percentage of these 'digital nomads' are very low to almost nullable/negligible compared to rest of population. Most of core industry people still have to go to work to see how machining/fabrication of part is working. Or if you are a burger flipper then defiantly you have to be their since robots are yet to takeover.

[@rossturner3650]

Just so you know youtube unsubscribed me from your channel! Outrageous!

[@Mr.Autodelete]

Easy to write this in yalls home right? “Sorry kids the houses were for us not you but no don’t give up!” Pretty rough sell to me personally.

[@hebozhe]

How much would I need to buy a family? I'll need to check the price tag on my wife and kid.

[@N_g_er]

@@MocktailmetalI'm gay too buddy lol

[@toddtheisen8386]

Fifty seven years old. Started working at 14. Fell for the "dignity of hard work" BS. Generated enormous profits for decades for employers. Rewarded with stagnant wages, slashed benefits and a body that is scarred by a dozen injuries. Little wonder young people are not falling for the working hero mantra.

[@princemc35]

I'm 19, no home, no income. Ask me how I survive

[@TheRm65]

@@princemc35 Try doing a service job (e.g., dog walking, window washing, simple handyman-type work that doesn't require a lot of tools). Recently I had the use of a vehicle and picked up dog shit from suburban lawns: $20 each time, did three jobs an hour. Gross= $60 an hour and business was picking up (sorry, couldn't resist the pun). It's all about the hustle.

[@princemc35]

@@TheRm65 Thanks for the advice But I had won a game of Roulette two days ago I grew my $100 to a lot I got kicked out for winning 5 times in a row 🥲 Then they only gave me $50,000

[@Demmrir]

I feel like Gen X (like you) and younger all get it but it's still nice to hear it. But boomers are the ones in charge of the companies and the government regulating the companies and they just think everyone is lazy.

[@bwofficial1776]

@@TheRm65 All of these people are going "woe is me, everything sucks and I'm not going to do anything about it." If you hustle, you can make it. Don't expect people to give handouts, seize them for yourself.

[@viviancarolgioao]

The high inflation is a significant reason why most retirees have sleepless nights. The increase in prices of everyday items puts them at risk of running out of money. As prices rise, the amount of money retirees can withdraw from their retirement savings also increases. The only solution to this problem is adopting a bitcoin standard

[@SeanTalkoff]

Bitcoin serves as a hedge against inflation. It’s the best performing asset in the history of the world. It is by far the best store of value, 10 years from now you’ll be thankful for every dollar you put into it.. My two cents.

[@DonaldStokes-p]

Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?

[@PASCALDAB]

After regretting missing earlier Bitcoin opportunities, I kept my funds in a high-yield savings account. Now, with $200k to invest, I want to avoid FOMO and buying at the market's peak. What’s the best strategy for a beginner to navigate the crypto space?

[@Tonyrobs2]

I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in stocks, which is pretty simple. On my portfolio, which has grown over 90% in a little over a year, my advisr chooses entry and exit orders

[@DonaldStokes-p]

@@Tonyrobs2 I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?

[@MaximilianFischer497]

The U.S. economy's natural state is surprisingly bleak. In a desperate bid to grow, it resorts to erratic measures, employing tricks, gimmicks, and policy tweaks to stimulate expansion. While these tactics offer fleeting relief, they ultimately fail to address the underlying decline, exacerbated by inflation, leaving us with a false sense of progress.

[@TicheDebb0]

While the fluctuations of the U.S. dollar can influence investments, the current global financial landscape offers unprecedented opportunities for growth. By leveraging the expertise of a skilled portfolio advisor, investors can access a diverse range of assets and strategies to maximize returns.

[@RowanBryson]

A lot of folks downplay the role of advisors until being burned by their own emotions. Early last year after my lengthy divorce I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@MarshalWagner457]

Impressive gains! how can I get your advisor please, if you don’t mind me asking? I could really use a help as of now

[@RowanBryson]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Diana Casteel Lynch” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@henryallard245]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her

[@cole-3606]

People: can’t afford to have children or own homes Government: the nasdaq and GDP are at an all time high! We’re winning everyone the economy’s doing great!!!

[@evilds3261]

Until the next great depression. Those rich people will be crying when their gains just vanish without "explanation."

[@Conservative_carnivore]

The top 10% literally own 91% of the stocks. Nobody in the news or govt points this out...

[@nwatson2773]

People killing themselves too. Govt: self-care

[@sandermez3856]

in 1920s the stocks were also at an all time high...

[@evilds3261]

@@sandermez3856 Yeah, the 1930s were depressing. Pride goes before the fall.

[@Beatricegove733]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[@KaurKhangura]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@PatrickFitzgerald-cx6io]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@brucemichelle5689.]

How can I reach this person?

[@PatrickFitzgerald-cx6io]

‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@brucemichelle5689.]

I checked Aileen up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.

[@CliveBirse]

Three years ago, nobody could have foreseen the current state of the U.S. dollar. The U.S. continues to repeat the same mistakes that have led to the dollar's current situation. As a result, there's no guarantee that the dollar's future will be as bright as it's hoped to be.

[@91ScottieP]

Indeed, you are correct! But on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.

[@mariaguerrero08]

I fully agree and place great value on my advisor's role in guiding my daily investments. They excel in both long and short strategies, managing risk for potential gains and protection against market downturns. Their access to exclusive insights and in-depth analysis makes exceeding expectations a regular outcome. In the two-plus years I've worked with my advisor, I've gained over 1.2million dollars.

[@mariaguerrero08]

"Izella Annette Anderson" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

[@ThomasChai05]

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 email shortly.

[@astrahcat1212]

"No one could have foreseen" yet Austrian economists have been saying it for nearly 20 years now.

[@Hersatz]

When having a child is considered a luxury, you know you've fucked up.

[@axel3689]

Yeah, when the literal biological purpose of humans is a "luxury" I think fuck capitalism and let's revert everything to the primal state man. Just so fucking tired of these Uber rich motherfuckers content on working 23 hours per day and the mfers jealous of them eating mcdonalds everyday.

[@rustym.shackelford5546]

Actually, that's when you learn that you gotta leave your sheiße höle of a country...

[@ratsock]

Literally the whole purpose of existence of every life form on the planet is now a luxury….

[@xman7695]

​@@rustym.shackelford5546The comment is what I've been hearing from many people in Europe (Germany in my case) and what we've seen in Europe and Asia. The US still has a better replacement rate than both if I remember correctly.

[@eldrago19]

​@@xman7695🤷 we're all in crisis because we've all been messed up by the super wealthy. The sooner people realise it's a problem everywhere and start trying to fix it rather than thinking they can just run away, the better.

[@MiketheNerdRanger]

When literally giving life has become a luxury, something has gone horribly, HORRIBLY wrong.

[@lmnzguy]

all according to plan

[@HaggisMuncher-69-420]

THAT'S BIDENOMICS HAHAHAHAH

[@makuru.42]

Biden was only in office for 4 years now. No, ​@@HaggisMuncher-69-420 Biden couldn't be at fault for it, only for not addressing the problem.

[@Nanook128]

​@@HaggisMuncher-69-420that's capitalism

[@mjolnir_swe]

To be honest I wonder if people prioritize other things? Surely cannot be eaier to rasie kids in countries like Malawi or Mozambique.

[@ckingdds88]

One of the downsides of digital nomads is that it heavily affects average native workers in the area they move to. Its happening a lot in Mexico city. Sure businesses benefit from all the new money coming in from digital nomads, but when prices raise to compensate demand all the regular people in the area get pushed out. The solution for unaffordable cost of living for digital nomads becomes a new problem for natives that feel are being invaded.

[@HealyHQ]

Mexico City is gonna have far bigger problems if they don't solve the water crisis within a few months.

[@estefbc2932]

THIS and it seems they don't care. That's why locals are trying to make foreigners go back to their countries. The whole world's economy is bad, we don't need to make it even worse to other countries

[@NeostormXLMAX]

No worries your new president is about to take care of that

[@starsinger5935]

This happening all over the States too. Especially the South. It’s a real dilemma cuz you need somewhere cheaper to live to live but that comes with pushing people out who don’t have as much as you have.

[@victoriancu7358]

Everyone you meet always asks if you have a career, are married, or own a house as if life was some kind of grocery list. But no one ever asks you if you are happy. -Heath Ledger

[@baileymaloney1961]

Because those are usually the things that make you happy

[@newafricanforum]

How do u measure happiness though? Ans how many broke homeless people can we say are genuinely happy?

[@Demmrir]

@@baileymaloney1961 Are they? Everyone I've known who was married for long was absolutely miserable.

[@AlsadsajsAlsadsajs-vl7th]

Are they unhappy because they’re married or are they unhappy because they’re old

[@Caseinpoint1777]

@@baileymaloney1961those are the things that typically make a person safe. Safety is the foundation of the hierarchy needs. Without it, self actualization isn’t possible

[@devourerinthemist]

Well no, if it's unaffordable to the average person, then it is dead. The point of the American dream is that the majority of people, with basic jobs can be prosperous, have their own land/property, and just generally be financially stable. So yes, the American Dream is dead.

[@Noah_527]

Depending on how you interpret the data, the majority of millenials (54%) do own property. Is it lower than 40 years ago, yes, but 54% is still the majority. Should 80% be able to own property? Maybe. Will that ever happen? No. Has it ever been that way? No.

[@carlossantos6683]

Images associated with the American Dream come from an era where the United States was responsible for 2/3 of manufacturing and half of the GDP of the world as a result left from the devastation of Europe and Japan in WWII. The prosperity of those times were a combination of New Deal policies with geopolitical circumstances that are both long gone. Although before 1946 the U.S. was not exactly an equal and fair society depending on the metrics life today for the average worker is as hard as it was in the 1930s.

[@RubenDeanda-lb9wr]

No it isn’t send me your income tax pay and I’ll a just your income to your expenses if you live where I’ll tell you send to school your kids were I’ll tell you and buy what I’ll tell you , I asure you , you can have a home in a future nor less than 20 to 30 years , you can have 2 modest cars and you can have some vacation but you need discipline

[@oldskoolmusicnostalgia]

​@@Noah_527property ownership isn't absolutely needed if affordable rental housing exists. But that too is dead.

[@LegendFromWoW]

Fact

[@waynesimpson4081]

Being old myself: there is a bit of historical revision of the American Dream from 50-70's. Cities were for the uber-rich and low blue collar. Post-war boom allowed (some) people to buy into modest suburban homes with usually 1 car. Vacations were expensive. (Roadtrips and camping were done because the were inexpensive.) Consumer goods and clothing were bought on "installment". Basically, the "dream" was always a degree of struggle.

[@Cakebattered]

I agree with your statement, but it was dependent on where you lived. My parents moved from the South to Detroit in the mid 60s and thrived, buying a home and car in the city, off a single income. They were Black on top of that and neither had a college degree. As you stated installment/layaway purchase plans was the norm, but local banks and credit unions banks offered better savings interest rates. Hell, even a Christmas Club savings account in the 70s offered better ROI than savings vehicles offered by local banks over the past 25 years. Add in the lack of pensions, little to no vertical career paths within corporations, and fewer career paths from minimum wage positions. Silent Gen and Boomers had to work hard for what they got, but there was also a massive amount of tools and opportunities available to make that happen.

[@butterman6872]

Agreed, I think most younger people’s definition of the “American Dream” now is “what I wish I could afford” or “how my parents / rich friends live”. If people are willing to learn a trade or get into nursing or government jobs, drive a 5-10 year old medium trim level car, live 1-2 hours away from major population centers, buy a house that’s 20-30 years old and do renovations themselves, buy groceries at Sam’s/Costco and Aldi, thrift their clothes from secondhand stores, and go on long road trip “cheap” camping type vacations instead of traveling the world or going to Disney World every year, the single-income household is very doable in the current economy. It isn’t glamorous, but it isn’t all doom and gloom. I think social media has given a lot of people FOMO. I’ve heard a lot of stories from older folks and most of them grew up that way and thought they were living the American Dream back then.

[@DJRenee]

Thank you for that accurate information.

[@CanadianJourney97]

@@butterman6872 dude look at housing prices. Housing is the vehicle for retirement. Trims a lot of your idiotic statements. You can look at stock market too. The intelligent investor by Benjamin Graham worked for 100 years. It doesn't work anymore. What does that tell you for economics?

[@mackenzie305]

Even camping is getting super expensive

[@H8B7L]

Its basically like that in all first world countries. Only after getting my master in computer science was I able to afford the same 3 bedroom apartment that my single mom could buy without a degree 25 years ago.

[@user-gz4ve8mw9l]

Same issues or similar everywhere for such pretty much yes. Except the USA is even worse due to a lack of universal healthcare, and mandatory need for a car.

[@cydonia3167]

@@user-gz4ve8mw9l Exactly! And free or heavily subsidized higher education, trade schools, job training, etc. It will cost you around $15,000 in the US just to get a license to cut hair.

[@H8B7L]

@@user-gz4ve8mw9l oh for sure. Im glad that Im not living in the US.

[@X11CHASE]

@@H8B7Lcope

[@H8B7L]

@@markbrown2296 Thats just the reality of german inner city appartments in cities like Munich, Stuttgart or Hamburg. The prices tripled/quadrupled since 2000. And Im earning 4x of what my mom did. Keep in mind that tech jobs in Germany arent close to US ones if we compare salaries.

[@letsgobrandon416]

"...earns too much to qualify for any government benefits, but too little to actual afford what the benefits offset the cost of..." damn if that doesn't describe my life perfectly.

[@skilltreegaming4055]

Earn too much to get low income housing, don't make enough to afford my own place without a roommate.

[@vicvic2081]

That's called hell

[@nomaderic]

Food stamps tells us we don't qualify because we have a car. If we sell the car we get the stamps. However if we sell the car how tf are we supposed to go to work or a anywhere

[@jonnym4670]

@@nomaderic your allowed to have a car not many cars

[@jonnym4670]

living on government benefits isn't a picnic

[@Robertgriffinne]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@PhilipMurray251]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

[@Patriciacraig599]

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

[@PhilipMurray251]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@Patriciacraig599]

Linda Aretha Reeves is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

[@Christine-ce4xo]

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@Ricaninthephilippines]

“It’s call the American Dream, because you have to be asleep to believe it.” - George Carlin.

[@dowhatyouwill]

Came here to post this!

[@Kneejair]

Like a Sheep​ @@dowhatyouwill

[@carleonking1852]

Same ​@@dowhatyouwill

[@JimmyJim13]

This quote is so overused that now it’s just corny.

[@CaraMarie13]

It had to be someone. It might as well be you

[@SpottedHares]

“What are you just gonna come home and play video game the rest of your life” I was told this in middle school and you know what it really sounds a lot better then the alternative I was being pitched.

[@Novastar.SaberCombat]

The wealthy want you to work for THEM. If you do not, you'll be utterly *destroyed* by them. That's the game; the system; the societal norm. Ultimately, if you ain't rich, you ain't NOTHIN'.

[@Sonofawildanimal]

Should have bought a home in sixth grade!

[@SENSEF]

I know a lot of adult guys with THAT lifestyle. Go to work, come home and play video games, and that's about it.

[@aliengreen2364]

At least it’s cost effective!

[@harrys2331]

@@SENSEF if you spend time playing video games, you aren't going out buying expensive shit.

[@Tchild2]

In 1993 I was hired on at Fidelity Investments in SLC. My salary was $18,000 a year (entry level). Rents were around $500-$700 for a two bedroom apt. and homes in the Salt Lake Valley were about $140K -200K for middle of the road 3-5 bedroom, 3 bath, 2 car garage 1/4 - 1/3 acre home. I could only afford to rent. Based on housing inflation and today's prices. My starting salary at Fidelity would need to be four times higher to be in the same situation, or an entry level salary of $72,000. How many people start without a degree with a $72,000 annual salary? Nobody. A person would not be able to afford any house in the Salt Lake City area on $72,000 a year. If you cannot get a home to purchase, there is no American dream.

[@cadehoff8702]

And that’s just in a small city like SLC. Imagine how much worse it is everywhere else.

[@humanp4th]

I'm glad you can see things this way, so many people deny the reality of how hard it is. I grew up imagining i'd be able to live on my own away from parents by 21. I'm 25 now, rents around me start at 2500, i know people who pay $1500 as their part of rent splitting it with roommates. Crazy that young people who work full time are handing over one entire check after taxes just to survive, and then trying to live off the other check.

[@adambickford8720]

Yeah, no. I was there, and entry level was less than $10k a year. Even using your dishonest $18k and actual inflation numbers is about $40k

[@Tchild2]

​@@adambickford8720 LOL. You did not work there. 10K a year is the same as $5.00 an hour. $5.00 an hour in Salt lake city was the same flipping burgers at McDonalds. It was 18K a year in 1993. I know because I actually worked there, my brother worked there as did friends who helped me to get hired there. Buzz off stooge. Reply

[@TheMpmpmpmpmpmp]

I make 70k but somehow only take home 3k per month.

[@Flyoff1234]

The American Dream should be that if you work hard enough, you can become rich/sucessful/famous, while the American life should be if you work a good job you should be able to retire later. Sucks that politicians have tricked people into thinking that the “dream” is middle class. Middle class should be the norm, not the dream.

[@reinaldomartinez13]

Speaking facts

[@NevisYsbryd]

The norm? The middle class has barely existed outside of the last few centuries over five millennia of _recorded_ history, and was a very small proportion of the population outside of a few decades in the 20th century. While I agree that the politicians are nefarious, middle class is anything _but_ the norm.

[@visoriannull832]

@@NevisYsbryd As little as two hundred years ago it was the norm for people to be property. The middle class SHOULD be the norm, and it's societies job to get to that point. If we aren't working together to give each other a better quality of life, there is genuinely no point to society.

[@grimaffiliations3671]

@@NevisYsbryd It should be the norm though, in by far the richest country in the history of the world. But thanks to fearmongering about socialism, most Americans are denied the quality of life found in far poorer nations

[@oriontigley5089]

@@NevisYsbryd What would you suggest? We accept a return to serfdom?

[@Tenamor]

It's me, I gave up! 33, married, dual income home, 1 child(toddler). Outside of hitting the lottery somehow, I won't be retiring or even likely owning a home. I will work until I am no longer useful and then I will die, just as the system intended. EDIT: I know everyone is coming at this from a place of kindness and wanting to help. I'm not looking for advice however. I live comfortably, family is fed and bills are paid. I have simply accepted the situation and changed my perspective. Instead of scraping every dime together for the next 40 years to enjoy being jobless for 4 and then dying, I am investing in my hobbies and enjoying myself. So congratulations to those of you on your second house and fourth child at 14 years old with a stay at home wife, thank you for having me in your thoughts today, and best of luck. ❤️

[@redparis9225]

How much do you have in retirement if you don't mind me asking

[@xyzmediaandentertainment8313]

​@redparis9225 how much is your salary and wife's boob size if you don't mind me asking

[@Tenamor]

@@redparis9225 idk maybe like 2-3k, I've held a lot of jobs; I don't even know where that money is anymore.

[@Tenamor]

@@redparis9225 like 2-3k total maybe if they weren't cashed out when I left the jobs, held a lot of jobs I don't even know where those are anymore lmao

[@Savvynomad225]

@An_Equalsingle income, bought in 2013, same low rate you speak of, I couldn’t buy a house today.

[@ryanwilliams989]

Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol

[@TheresaAnderson-kf5xw]

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

[@maryHenokNft]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.

[@maggysterling33254]

@@maryHenokNftbravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@maryHenokNft]

*Gertrude Margaret Quinto* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@BiancaSherly-qt6sb]

Thank you, I copied and pasted his name on web browser and sent a email waiting for reply.

[@StreetsAhead120]

That’s absolutely not true. Dusty Rhodes AKA The American Dream has been dead for years now.

[@brooksd-lg9lg]

😂

[@alphastratus6623]

Yes. The American dream includes that these goals are achievable by middle class by hard work. This isn't true at all, at least for decades.

[@borrago]

It was the generation between baby boomers and millennials who killed it.

[@mpmac12]

Hard times dadeh!

[@omargarcia7821]

😂😂😂

[@Junebug-knits]

I immigrated to an EU country. I know three US-born folks who got citizenship here and immediately filed to renounce US citizenship to stop dealing with US financial regs.

[@TheAzul_Indigo]

One could only dream to afford such a luxury!

[@Vlad-bs1js]

It's not that great in the EU either and it seems to be getting worse

[@emilianoperez7977]

​@@Vlad-bs1jswhy do you say that can you elaborate please

[@numerologicatarot3333]

@@Vlad-bs1jslol if Americans are moving there, it’s def getting worse.😂😂

[@darksmith7318]

@@emilianoperez7977over aging population brings heavy burden on national debt, it is way worse in eu than USA. USA also have a booming tech sector which takes out more and more percentage of disposable from international customers and leave less and less disposable income to spend on the eu goods. High and persist inflation caused by the war and heavy reliance on Chinese goods makes eu will face way worse inflation at the time when eu and China relations are deteriorating. Massively increased immigrants lead to cultural and societal conflict and bring forward civil incidents that ordinary officers have much less experience to deal with than US officers

[@kylemiller2067]

If everything we buy is “outpacing inflation” then wtf even is inflation based on? Food outpacing inflation. Houses outpacing inflation. Cars outpacing inflation. College degree outpacing inflation. Healthcare outpacing inflation. What the af is inflation?

[@nwatson2773]

It's based on the gdp and stock market.

[@shrunkensimon]

Inflation is a silent tax, imposed by the ruling class via central banks.

[@MrSteeDoo]

That's because you believe everything that you hear. Doom and gloom sells. You didn't know that?

[@rrs1912]

You are 100% right. Effective inflation is much higher

[@JB-mh5xy]

Replace "inflation" with "the ability for the wealthy to buy more yachts", and you'll understand what inflation is.

[@DanielEdwards-]

This video almost got there, it’s called wealth inequality. The wealth gap between the rich and everyone else is widening. The richest people in society are buying up all the assets like housing and renting it back to you, when you could have owned it outright. Rich corporations just keep jacking up the prices and giving the profits to shareholders or keeping it for themselves.

[@AlsadsajsAlsadsajs-vl7th]

When a person’s assets makes more money than they do at their job they’ll know freedom

[@DoomLord1395]

sound similar to the feudal system

[@Naesen]

>increase prices and profits to shareholders [at all costs] This is law by precedent ruling. Take a look at Dodge V. Ford if you wonder why every single publicly traded company operates in this way

[@briannerk3373]

Meanwhile, the top1% hoards around 50 Trillion $$$$ of net worth in the US.

[@briannerk3373]

Meanwhile, the top1% hoards around 50 Trillion $$$$ of net worth in the US.

[@rambodude467]

CEO to worker wage compensation ratio is 320 times now as compared to 20 times in 1980s . only way to live the dream is to start your own company and exploit your workers.

[@nietur]

just employ one person for 50k and then you make 16 million

[@iller3]

@@bwofficial1776 Bullshit, most CEO have been failing upwards lately. ...heavily subsidized by the FEDs Money Printers

[@ShaneAndersonProductions]

Workers voluntarily choosing to work for you is not exploitation. They have to option to switch jobs whenever they want.

[@ShaneAndersonProductions]

Real exploitation is large companies buying up all the houses, forcing prices up, and then leaving us no choice but to pay artificially inflated prices.

[@ForeverDownByLaw]

@@ShaneAndersonProductions Bullshit. Without universal healthcare most workers are slaves to their jobs. And, this is not an accident.

[@MS-ty8eq]

We never had any housing crisis until we had investors gobbling up half of our housing stock for short-term rentals. Airbnb has decimated the housing stock single-handedly. If it's outlawed you will see a lot more housing come back into stock

[@Joy-p2v3i]

Not that Many are needing, wanting or looking for short-term rentals like this. Then there are hotels. Most people are looking for long-term and what's going on is disgusting.

[@codacreator6162]

Stability is a necessity and should never be regarded as a luxury. Watch what happens to the next gen kids who are raised by vagabonds.

[@the_expidition427]

The ever bubbling ilk of society

[@jacobg8640]

There won't be any because their parents can't afford to have them.

[@zUJ7EjVD]

What kids, nobody's having any except by accident.

[@Pukeyray]

Like after the depression?

[@Sonny_McMacsson]

@@zUJ7EjVD By accident is still having them just the same.

[@WillMoon]

I'm 33, own a home, live with my wife on a single income. The ONLY reason I was able to get to where I am is because I started a business in college and worked my way thru school with no student loans when I was done, then worked that business for ten years until I quit for health reasons. I got REALLY lucky to get on the property ladder before COVID hit, so my home doubled in value... but this is going to devastate young families who are looking to raise another generation of kids. I feel terrible for Gen Z.

[@princemc35]

Im 19, no home, no income. The only reason I'm alive after leaving the house is because of my extra ordinary luck that has kept me alive

[@swampsprite9]

I feel so bad for young people and how hopeless everything looks. I had a hard adolescence but always clung to hope that someday things would be better.

[@FrankieDiazabraxas]

Honestly: Mazel tov. I'm glad for your great planning and good fortune! Now, To Life! To Life! L'Chaim!

[@Dragon228833]

Im 23 with a kid on the way in nyc. Wish me luck 😂😂😂

[@burnhamaj]

I’m in a very similar boat. I’m so glad I managed to grab my first house 8 years ago, even though I thought they were expensive then.

[@chadsmith1200]

I'm in my early 40's and do not own a house. Usually, women ask me if I own a house right away after matching on dating apps or meeting in person. When I tell them I don't, they unmatch or just walk away. So no house means no woman for me..

[@Awareness_With_Dennis]

Women want positions not a meaningful relationship

[@stephenh9905]

Wow one of the struggles with being a man. Honestly.

[@cloudymaro]

lol that should be your answer all the time. if your out in the dating world, never take a stranger back to "your house". I wouldnt even mention the idea tbh. good way to dissect the field.

[@wrestlingterrier8366]

Good Riddance! They are not the kind of women you want in your life. They would cheat and leave you if they found someone richer and wealthier. Better off single and just dating casually. Many men out there, lost large part of what they had worked very hard for, through divorce and what not.......

[@KappaMikey0224]

😔

[@shinlanten]

*_"These companies don't make billions of dollars, selling $2,000 shoes by appealing to logic"_* 😆🤣😆🤣

[@Fck_Your_Psyop]

The economy is designed for ghays and women, and Constantly trying to get both to shop.

[@jablue4329]

​@@Fck_Your_Psyop You have no idea how wrong you are. The average sneaker-head is straight as hell... and is also spending hundreds on street ware with every new drop.

[@Parcha64]

​@WwVd0 tell that to the "tactical" bros who drop an extra $50 for a camo water bottle covered in useless staps and buckles. What about the ATVs, boats, and trailers that rot in sheds? Team jerseys, grills, sports cars and any other product designed to appeal to men. Don't act like a $2000 shoe is a woman problem when dudes out here buying Jordans and Gucci too

[@shanenice5380]

@@Parcha64 I buy non brand clothes.they still last long

[@seabreeze4559]

they last longer actually, just like mens brands charging the same price

[@ronaldmcdonald9322]

Don't care at this point.

[@HowMoneyWorks]

That's pretty much the point Ronald McDonald.

[@ronaldmcdonald9322]

@@HowMoneyWorks sorry didn't watch the video yet, busy being a good wagecuck at my job. 🙂

[@spacemannick1251]

I agree with the mc clown

[@darkdestiny3700]

Same

[@shiningdragon8737]

He's McRight though

[@floadingtv1466]

It always shocks me when my parents say “you’re 29 when we were your age we had 3 kids a home and food on the table” and when I rebuttal them with an inflation comment they don’t see it they think it’s easier now than it was 25 years ago it’s insane to me

[@smallbutdeadly931]

It's always easier to say to just go get something when you already have one for yourself.

[@kendallevans4079]

Your generation is just lazy! It's was hard for us and it was hard for the generation before us and it will be hard for the generation that comes along in 2075. Being young means sacrificing and scrimping and DOING WITHOUT FOR NOW, always has....gen Zeros just want to have everything a 60 year old has and wants is now!

[@VCBird6]

They already got theirs They're living in a bubble they hope never pops Be ready when it does so you can get yours

[@kendallevans4079]

@@VCBird6 Bubble? Bubble of WHAT? We "got ours" because we worked and didn't waste time complaining or playing video games. Gen Zero is screwed and rightfully so! This is payback back for wasting your parents time and money. Yeah we got ours and I'm spending YOUR social security money, chump!

[@EB-tr2ly]

tell them to buy a house like their house now, show them the price.

[@HaveanOreshnik]

Oh it isn't dead, you just gotta be sleeping in a rich mattress full of money to see it It gets worse for what the high class calls, Peasants

[@Zieg_Games]

Or, hear me out, work in the trades. This includes high end tech jobs. Gender Studies degrees are dogshit.

[@HackersSun]

A guy who was talking to why he gave up his American citizenship had 7 houses in 7 countries He was a rich mfer and he was the problem

[@zaco-km3su]

It's dead. Quit the bs.

[@mikesteelheart]

When I was growing up in the 90's I remember seeing all the wealth my grandparents had thinking it would be great to acquire that someday. Little did I know 20 years later it would be more of a necessary starting point than end goal.

[@HaveanOreshnik]

@@zaco-km3su for the poor, it's always been dead, it's false hope and trying to make a corpse move

[@Rakadis]

The "American Dream" is working exactly as intended...

[@RDewberry]

Capitalism moment

[@MoBurna]

Or maybe it's intended to be a unachievable one

[@SaltLifeLady]

My husband and I achieved the American dream from a combo of hard work and luck. Luck, because we both were in the military able to purchase a home in 2011 on a VA loan, at a time when housing prices were bottomed out. Hard work because serving in the military was not easy, but helped both of us not have to have any student loans. We couldn’t afford kids until we were almost 30, and now our household income is around $110k/yr. But we live humbly, and that amount is enough to support two adults and two children, a mortgage, both our cars are paid off because we purchased them prior to 2022. Florida isn’t cheap to live, but we can also finally afford little $3,000 vacation where we couldn’t afford it for at least a decade before. All that being said, we feel blessed, but also empathetic to those who can’t help the part we got lucky for, that our home cost $143k. Adjusted for inflation, that’s $200k. That doesn’t exist anymore. 😢

[@WutherWave-qc3ud]

The housing prices for a basic home is crazy now a days congrats on your journey

[@viceverse11]

You can still attain The American Dream. It has just been shipped overseas like everything else.

[@garethbuckeridge6910]

Well it ain't here in the UK either and watching various vlogs, I'm not sure which parts of Europe it exists in nowadays?

[@oldskoolmusicnostalgia]

In your dreams yes, in reality the forces that make such a dream unattainable are at play everywhere else. Concentration of wealth in a tiny few who then lord it over the rest, income work rendered meaningless by absurd taxation.

[@alanj9978]

It hasn't existed in most of Europe for centuries. That's why our ancestors moved to North America, so they could actually own property.

[@TheNaldiin]

I suspect they're advocating for life style arbitrage somewhere where your currency goes further, like parts of South America or South East Asia.

[@junyaiwase]

Doesnt sound so American does it?

[@Igor-ge1py]

Home builders are making record profits. They used to make $50k profit on a cookie cutter house now they price them to make about $100k per house. Unfortunately many still use “supply chain issues” as an excuse for hiking the prices. Im all for capitalism and what not but a lot of these builders are not being honest about the price increases.

[@andreaslind6338]

Which is the rational thing to do under capitalism if you have a position of power.

[@andreaslind6338]

Which is the rational thing to do under capitalism if you have a position of power.

[@vincemartin5323]

Maybe you should get a job in the trades 😂 🤑

[@bwofficial1776]

So? If buyers weren't willing to pay it, they wouldn't sell. Don't blame the seller, they're just taking advantage of the market as is their right. If you can make money, why wouldn't you?

[@davida730]

@@bwofficial1776 A few different lawsuits are finally coming down the pipe because of collusion among these companies. Buyers are only willing to pay it because it's the only option and isn't really a capitalistic economy.

[@bradleywhais7779]

I remember as a kid I thought 70k would buy you a comfortable lifestyle. Now that I make that, I realize that was very wrong.

[@Technotranceism]

I could love comfortably on $70k a year.

[@Ricaninthephilippines]

The new American Dream is getting your passport and moving overseas to greener and affordable pastures. That’s what I’m doing in October. Good riddance America.

[@nietur]

and other's dream is getting a green card xd

[@notsojharedtroll23]

​@@nietur yep

[@gtbkts]

Ngl, that's sounding nicer and nicer, every year. Find a good (management/high paying) job, and live like I'm high class. 😅

[@furTron]

@@nietur it its their dream, because they are still blinded by Hollywood movies and pop culture. Those people didn’t even invest 10 minutes to search and compare life quality in different countries.

[@SystemBD]

@nietur but when they get it and see the current situation, they'll try to get out as well. And if not them, their (subsidized) children will.

[@rattlehead999]

It's not even supply and demand. It's companies buying out homes or straight up building them and then price fixing based on what loan two median salaries can give you for the median home... Loans and public stocks need to go. Edit: My country went from 11 million population to 6 million population from the year 1990 to 2023, in that time we have built 3-4x more homes than there were in 1990. Yet the median home(which went down from 74m^2 to 48-51m^2) used to cost 2-3x individual median salaries, but now it costs 9-12x individual median salaries. So we have 3x more homes for almost 2x fewer people while the prices have gone 4x up. If it was supply and demand they'd be 8x cheaper than 30-35 years ago. Edit: Oh yeah and now the majority of homes are owned and built by private companies, private companies that are partly owned or heavily invested by politicians.

[@Syzygy_Bliss]

It’s even simpler than that. Wages just aren’t being forced to keep up with inflation because companies lobby to keep minimum wages low and to keep from being prosecuted for price gouging by oligopolies and in “investment” assets. The necessities are made more expensive while cheap junk is made less so as an illusion to depict affordability.

[@mystraunt2705]

If there werent so many damn hurdles to just build a ton more homes, and laws were made to keep companies from buying houses, we wouldnt be talking about any of this, as there would be no problem. Its so simple but the people in the government benefit from our suffering so nothing will ever change. Doesnt matter who you vote we are fucked

[@zUJ7EjVD]

It is supply and demand. It's always supply and demand. Supply is constrained by local laws.

[@WarningStrangerDanger]

​@@Syzygy_BlissThe minimum wage wouldn't even touch this problem. Most people aren't working minimum wage jobs. Wages did not keep up with inflation, and deflation is the answer. This terrifies Boomers on both wings. It would gut the value of their assets if we forced deflation, but these assets are only highly priced because of inflation.

[@rattlehead999]

@@mystraunt2705 The government working with private companies for their mutual benefit is also known as fascism, remove the private companies/property and it's communism. What it is not is capitalism nor socialism, because those are unrealistic ideologies that can't exist. Also they'd(the companies) buy out as many as needed. On top of that the government doesn't build houses, they hire private companies to build houses and they can charge whatever they want. Oh and yeah if voting mattered, we wouldn't be allowed to do it. XD

[@BunnyWatson-k1w]

At 2:32. There are cities in Canada where the average home is over $1 million. Entry level homes are often over $600 k.

[@saltyBANDIT]

“Sorry to be the bearer of bad news.” Don’t you lie to me like that, youre not sorry at all.😊

[@LiveTilliDie]

We can't afford kids, financially it wouldn't be good for them or for us. It is so sad.

[@mystraunt2705]

Thats where Im at. I barely know who my parents are because they work so hard. I’ve literally dreamt of all the fun things Id do with my kids, building cardboard box forts and going to war, telling them stories Ive made up and give them illustrations every once and a while to show them what the characters look like and what not. But theres no way I can afford to have kids and raise them at the same time. I want better for my kids than what I had, and at the moment that seems impossible

[@gordontaylor2815]

When it becomes unaffordable for many people to have children, the system is planting the seeds of its own downfall. Eventually population, and thus demand for goods and services, will be constantly decreasing and the resulting deflationary pressure will cause the entire system to collapse under its own weight.

[@Nitzpitz]

Kids are not a luxury, they are a necessity for societies. Adjust your expectations, not your life choices.

[@nwatson2773]

@@gordontaylor2815 I say this often. I give the US empire another 100 years, give or take.

[@HealyHQ]

@@Nitzpitz screw society, society screwed us.

[@therealmcgoy4968]

The new American dream is to leave.

[@burningsnow9870]

Personally I wouldn't mind our leadership and ruling class getting a French haircut. At this point I'm just waiting for the shoe to drop

[@1whospeaks]

If I was playing a video game where the more gold I made the more expensive all the upgrades got, and the upgrades I can afford end up making my character weaker, I'd ask steam for a refund and renounce my worldly posessions to live overseas too.

[@AlsadsajsAlsadsajs-vl7th]

Or just fire your accountant and get a new one. Taxes go down as wealth and income go up in Amerca.

[@1whospeaks]

@AlsadsajsAlsadsajs-vl7th Exactly NOT how taxes work, unless you tie up all your liquid money in assets in order to duck taxes by using loans, which places more stress on the credit payments of the other customers, you know, the people living paycheck to paycheck using credit cards to buy food. If you say "F the banks!" You think billion dollar banks will roll over and take the beating? No, they'll pass the losses onto the poor and destitute. Their insurance premiums go up. So do their interest rates. The become more and more homeless. They skip meals. They sleep on the streets in winter. Of course if you have no morals life does get easier as you get wealthier, because it gets easier and easier to unknowingly and indiscriminately step on the weak and powerless. Honest work used to buy you multiple houses, and now it doesn't. Your point about being wealthy is moot, because most people arent so sociopathic that theyll sacrifice watching their children grow up and their soul for money. People need to stop defending wealthy people thinking they'll be wealthy themselves in the future.

[@Novastar.SaberCombat]

One must be wealthy in order to become financially free. Just be rich. If you can't become rich, then get wealthy. Boom; problems solved. 💪😎✌️

[@Rebecca-bq4ez]

@@AlsadsajsAlsadsajs-vl7th not true

[@Corndogg316]

Having children is free?? Not sure what you’re talking about there brah. Just the delivery costs thousands of dollars. Which is free in every other civilized country

[@user-gz4ve8mw9l]

People in the USA spend 6 to 8 figures on wealthcare by the time they've finished existing.

[@kendallevans4079]

Insurance covers delivery

[@joeblack3878]

I have an MBA, great career, earn over 200k annually, have a 401k, I’m married, have a mortgage sub 2.5%, two cars (one being for the kids), send them to private school… And, lemme tell you… I’m one sickness away from poverty. That’s my reality. I have to wake up and contribute every day or else life would fall apart for everyone around me…. That’s a heavy responsibility…

[@WutherWave-qc3ud]

…… even someone that is 200k annually and duel income feels this way!?!? Do you feel your living paycheck to paycheck or their is like if anything was to happen to you things would crash immensely?

[@joeblack3878]

@@WutherWave-qc3ud I don't live paycheck to paycheck, and I'm able to cover all of my expenses with minimal worry. I have a decent 401k and equity in my house. With that being said, I'm one sickness away from losing everything. If I stop working I'd be in the same position as someone who lives below the poverty line. There are only two real classes in America - The working class and the capitalists. There is no lower, middle, and upper. Thats all capitalist bull shit to keep us all divided.

[@ph3nixrise]

200k can't say I feel bad for you. You make more than 99% of the global population. Your fine

[@joeblack3878]

@@ph3nixrise According to Statista I'm earn more than 86.6 percent of the US population, which is relevant because I'm located in the US. That said, I didn't ask for your sympathy, and I could care less about your assertion about my state of being. But, uhm, thanks.

[@jasonlib1996]

The american dream exists buy you paying into it. The reason everything is getting more expensive, whilst wages remain well below inflation is because more and more of that money is being funnelled upwards to the already wealthy, its just being consolidated. Homes arent increasing in price because of supply and demand, they're increasing because they're being bought as assets instead of as home, when one company owns half the rental market in your city, they can set whatever price they want and their competitors with just follow suit and increase as well to not miss out on that extra money. Meanwhile, you as a person who needs a place to live have no choice but to pay the insane rates they charge or be homeless. theres nothing you can do about it

[@bwofficial1776]

There is something you can do about it: stop being poor. Opportunities abound, seize them instead of complaining "woe is me." Own some of those rental houses. Make money.

[@Talon97]

@@bwofficial1776 Boomerist mindset...

[@FoolyCharged]

​@bwofficial1776 Is your argument literally "can't buy one home? Then just buy two homes, dummy." Because, uh, there's a wee bit of a gap in that there logic.

[@seabreeze4559]

a monopoly, end REITs and ban unearned income (buy to let ponzi)

[@seabreeze4559]

@@bwofficial1776 STOP BEING POOR? PARIS HILTON, IS THAT YOU?

[@rightwingsafetysquad9872]

Ah, so we've arrived at the gaslighting stage of crisis management.

[@rorycolgan]

For real. The dream is dead, and thats a good thing🤣😅😑😆

[@justinr9753]

Yeah, no joke when gas goes up we see "retail spending is up"

[@dameazize]

I kind of question the “digital nomads priced out” idea. Not that there aren’t people like that, but a majority of remote jobs are things like tech and marketing that generally pay well above the average income. I think for most people, the digital nomad lifestyle is more a luxury than a necessity; a luxury of not having children, of having a flexible job, of being healthy enough to not have to worry about constant medical needs, if not having to take care of other people, and of having the resources to cover the financial and social cost of picking up your life and going

[@dcastnick7064]

cant believe how far down this comment is, not everyone works in tech and have the option of remote work.

[@Joe-ij6of]

The American dream is to leave America while still earning an American wage online… great.

[@jeffc1347]

I seriously think cities like Detroit and Memphis are going to boom over the next few decades for no other reason other than people want to live in cities with all the entertainment and amenities, but can't afford to live anywhere else.

[@bernadetten.8751]

Memphis and Detroit used to be great cities.

[@GodlyAwesome]

Detroit's prices are fucked since all the big companies are buying homes and land there

[@bf6159]

Some of us got a clue back in the 1990's, when Retirees started taking the jobs held by High Schoolers. Back then I stated, less than 6 figures will soon be working poor. Folks on both sides of this debate refuse to acknowledge many things. Years back, most I knew were several to a rental until mid 30's, making it easier to save. Society's conditioning has altered that reality into a dangerous situation. The dollar was worth more and Corp America, while very Authoritarian, needed employees. Today, laxadaisy and disposable human resources. Back then Corp America wasn't compiling residential properties into investment portfolios as they do today. And, the dollar was worth more. As I tried to explain to my mother prior to her death. This isn't the America she grew up in, back in the 1950s/60s. It's not even the America I grew up in, in the 70s/80s. You cannot utilize the same units of measure when both economically and socially in nearly every aspect, things are different. Although, some refuse to take off the blinders, they were told something as a kid and that's that, they were fortunate enough to live at the moment in time were such was attainable, thus they were capable of establishing a foundation. I'm Gen X and I was told around 14 years old, that I was part of the first generation which will make less than the generatiuon prior. The Boomers knew this by the 80's, yet many behave as though they can't understand. They don't want to understand because it provides a false sense of superiority and accomplishment. Been working since 14, enlisted with a waiver following the 10th grade. Earned a GED, went to College and University, worked multiple jobs at a time from 21 through 40's. Been everything from homless to home owner. While it can still be done, there is no apples to apples compairson. Fortunatey, folks today have finaly realized company loyalty is for wilfull human resources, not for humans trying to advance. It's all about the money, as inspired by Corp Americas planned obsolescence.

[@humanp4th]

I was born in '99, I honestly should have had a bigger fire under my a$$ when i was 18-20 but now im barely finishing my degree at 25. My only hope is to work hard enough and make those ridiculous tech salaries after 3-5 years. At that point i'm moving out of Southern California and trying to get a duplex in Texas lol.

[@MuMTcT]

So the question should be, why haven't wages kept up with inflation? How do we, the average people pry our hard earned money out of the hands of the corporations and government?

[@Novastar.SaberCombat]

You don't. Without coin, connections, crews, clout, computer code, control, corrupt communities, and shady opportunities... ya got NOTHIN'. No power, no resources, no influence. That's the 99%; the nothing-burgers.

[@martinlutherkingjr.5582]

You don’t want their money, you want real money - Bitcoin. They’re running a ponzi scheme called the US dollar.

[@MrSteeDoo]

Because the CEOs and rich investors have taken a bigger share. They make the rules.

[@Rebecca-bq4ez]

raising wages causes more inflation not less

[@Technotranceism]

Because those in power, make sure you don't get the opportunity.

[@flyboymb]

I feel like I've gotten darn close to it. I started out going into a career in Biology, but figured out that the whole field is based on "publish or perish" and that my wellbeing would always be based on my popularity with academic bigwigs and digging out some new idea to publish. Instead, I went into nursing. I'd make more as an RN than as an adjunct, and the field is understaffed enough that jobs are always available. I joined the military, opening up cheap home loans, health insurance, and extra income (National Guard). I'm living in a low cost of living state (Oklahoma) where you can live quite healthily if you aren't cramming fried butter and meth down your throat. Combine all these factors together, and I'm paying off a 215k 3 bedroom house. My wife is stay at home (due to epilepsy, not by choice) and we still have money to pay down debts. I'm climbing up the officer ranks on the military side, and I've gotten my nursing career to the point that I get paid full time to be on call 48 hours on the weekend. Now, before you take this as bragging, let me tell you the pitfalls. I earned my way into medical school, and was kicked out. I spent 17 years floundering in the lower NCO ranks. I didn't stay with a woman longer than a month. My success was half hard work and half luck. My wife was an LPN before her seizures got too bad. We were looking for an RN program at the local community college and found a 10 month program for people who already had a Bachelors. I got my Biology degree thanks to tuition waivors provided by the National Guard. The college I went to accepted me to a BSN program without a second thought because I graduated and used to work for them in my Biology days. That BSN allowed me to direct commission in the Air Force instead of continuing my deadend Army career. My weekend position only came about because I had filled in for the previous weekend nurse which unlocked a specific paycode that can no longer be given to employees that don't already have it. I'm the only one able to keep the rest of the nursing staff from rioting by being required to take call on the weekend. I only found my employer by chance after being gaslit and fired from my previous one. Said previous job had a travel nurse who was my current Chief Nurse in the Air Force. I know that I could lose a lot of this. I'm paranoid about it. I chose the military because they still do a pension and it would be political suicide for anybody to try to take that away. I hit 20 years in October, and then I'm locked in. Keeping my current rank for 6 months locks me in on that level of pay. I'm destroying as much debt as I can right now instead of relying on fickle markets. I'm assuming my employers will screw me over at this point. I really don't think it should be this difficult. I'm not rich or famous, but I think I've stumbled around life enough to find a way to retire in my 60's. I worked my butt off, but I'm in a happy place at 41.

[@Doood692]

A fruit based diet with regenerative herbs like Robert Morse nd teaches has helped people with seizures

[@__lim494]

You work hard and you seem to have a wonderful life in your own way. A life where you can draw happiness, if not perfect. Your success is wonderful, even though the comments section is filled with despair. I wish you and your wife full of happiness.

[@sumit4yt7]

One thing I find surprising is that how much of luxury Americans call as bare minimum standard of living and then complain about how they cannot afford it. It is true you cannot get a house less than 1 million in Bay Area but these are big luxury houses with backyards. However, they won't let you build small affordable apartments in the suburb. So either you have to drown yourself in debt or live homeless.

[@Mocktailmetal]

Something's not correct about this video, the youtuber of this video is talking about the digital nomads who are in IT, tech sectors. Last time when I checked, all the IT, tech companies are calling people back to office, and whoever is defying is getting boot! Also, the percentage of these 'digital nomads' are very low to almost nullable/negligible compared to rest of population. Most of core industry people still have to go to work to see how machining/fabrication of part is working.

[@dkail08]

The video almost entirely is taking fringe examples and making poor comparisons in order to fit the common narrative of the youth being screwed. The reality is that everyone is screwed right now 😂 Just wait ten years. It'll be fine.

[@reinaldomartinez13]

​@@dkail08how? By magic? Youth is definitely being screwed over the most.

[@solracer66]

My company isn't, they went as far as selling our office building. Most non-IT workers have been called back but for IT it's all remote work or outsourced to a third party.

[@MysticGohanVegeta]

@@GothamsFinestdang that comment just hit me like a bus

[@shosetsuninja3112]

You don't have to work for a big company. You can collaborate with people all over the world and build things on your own now.

[@fabledreamor]

When houses become a commodity, you have a tulip-mania economy.

[@grimaffiliations3671]

land value tax!

[@SmartChannel01]

Except it probably won’t go down

[@vylbird8014]

When houses become a commodity, a lot of people have an incentive to keep prices rising.

[@evilds3261]

@@vylbird8014 Now if only workers would keep the price for their labour rising to offset this dynamic.

[@qrzone8167]

@@evilds3261 Except it won't. What's hilarious is that as time goes on, productivity always rises and things become easier to make. In theory that means you should get more bang for your buck no matter what inflation does. However under capitalism that extra productivity is always siphoned to the very top and only when the owners are held at gun point by either competition or labor organizations do they finally relent and stop hoarding wealth. This is the inherent flaw of the system, simply no incentive to do the right thing unless you have good morals, and people who have good morals don't make it to the top.

[@nemiloszorka1162]

Thank you digital nomads for raising the rents 100% in my town, in last few years. And the trend is not going away.

[@thedude7319]

the digital nomad lifestyle will create what the wealthy class has done to the housing market in the usa. and once every country is infected by this flywheel effect. all roads are used up and the crumbling can start

[@OM-pu9yi]

Could you elaborate more my dear fella? It seems interesting

[@the_expidition427]

@@OM-pu9yi People from California moving to Nowheresville, Indiana

[@Vlad-bs1js]

@@the_expidition427 Or Europe. Look at what happened in Portugal

[@nietur]

@@Vlad-bs1js bet Portugal has better laws for more houses, so it'll be fine

[@unconventionalideas5683]

@@nietur No they don't. It's worse in many parts of Europe than the US. Much of Europe makes California look positively affordable by comparison.

[@DoolallyProductions]

I wanted to take a trip to England last year. By the time I added up everything it was going to be $6000...for one week. I've always wanted to go but that's just ridiculous. I took that money and paid off my car instead.

[@Hans_Peterson]

You’re doing something wrong…. I’m going to Europe for two weeks this summer for about 3k

[@andre1987eph]

Smooth move! Hopefully you have a Japan or Korea car and change oil every 5k miles

[@cameroncook2048]

$6000 is twice the UK monthly salary! You've clearly done something wrong. As a Brit, I can't think of how to spend $6000 on a holiday here that doesn't involve 5* hotels and Michelin-starred restaurants

[@DoolallyProductions]

@@cameroncook2048 Most of it was transportation and lodging, none 5*. It was just bad timing and a couple things were driving the price up unfortunately.

[@seabreeze4559]

It sucks here don't bother. The castles are kinda nice that's it. London is full of shops you can get at home plus thieves with weapons.

[@belangp]

"The American Dream" has changed. I remember my both sets of my grandparents had a modest home (less than 1800 sq. ft. and less than a quarter acre of land) and they had one car. An expensive vacation for them was driving an hour away and renting a spot at the shore for a few days. And this was later in life (after the period of time when it is natural to scrimp and save and sacrifice). They were perfectly content. All this talk about "The American Dream being dead" seems to be based upon expectations that were never realistic for the average person. The median home size has increased by more than 100% since 1980. On top of that families now aspire to have 2 cars (and sometimes even more). Add in vacations that require air travel and you have a dream that would seem pretty extravagant to those who were a couple of generations before us.

[@thomasj3421]

The American dream is leaving America. I know a ton of people that left or planning to leave.

[@mystraunt2705]

And go where? Its bad here, but its worse in most other places? Housing is even more expensive in the Uk and about double the price in canada. Where are yall moving?

[@Talon97]

@@mystraunt2705 Nunya business that's where...

[@thetapheonix]

@@mystraunt2705It’s a cheaper cost of living most places in the world.

[@HealyHQ]

Spain looking pretty good right about now.

[@rodeaglerod2715]

American here, and I wish I could return back to the USA, but its just so expensive, where I live, job covers private healthcare, government pays part of my mortgage, I also have government health care, own a house with private security, my wife doesn't have to work, If I would move back to the USA I would be living in a trailer park or paying half my income in in rent just so I can say I live in the US and would have to slave up with wife also working just to afford rent, healthcare payments, car insurance. USA needs reforms ASAP, I miss the 90s.

[@Iscream4j0y]

Can confirm, I save waaaay more money being a digital nomad than living in the US, got rid of almost all my possessions and living out of a suitcase while traveling abroad.

what is it exactly that you do?

[@Iscream4j0y]

Official job title is Software Architect, but I'm really just a regular software engineer, I work in the healthcare industry using web technologies like Javascript and PHP, also Rust, Go, and Java, as well as managing servers, databases, API integrations, dealing with customers, feature planning, etc. My job has always been remote, I went from New York, to Virginia, and now I've decided to become a perpetual expat, as long as I have a laptop and an ok internet connection, I'm solid. I've moved from developing pages and stuff to full on engineering, solving server load and connection issues, writing my own tools and microservices

[@Iscream4j0y]

My work gets tested by tens of thousands of users a day, just one of our clients will have 2k check ins in a day, and my stuff is used by both staff and patients, I'll get requests for features, and develop processes to make it happen, form builders, insurance handling, multi step check in processes, kiosk concepts, etc

[@Youtubeuser1aa]

You’ll own nothing and be happy

[@Throarbin]

My main thing is that all these studies going into living a "comfortable" life always leads me to ask "what do you mean, 'comfortable'"? People are quick to point to people living out of a van in desperation but that's people living below the poverty line. What about the middle class? By appearances, the "comfortable" life includes living a lifestyle where you shop at more pricy convenience stores such as Whole Foods or Giant Eagle instead of the more affordable options found at say, a Kroger or Aldi. As for caring for children, I have to ask how they price what a child "costs." Are the parents buying brand new clothes for them every year from name brands or going to the local Goodwill or simply using hand-me-downs to cut down on costs? A single child can have a wildly different "cost" depending on how the parents shop and every child after the first will likely not be as expensive as the first as you'll already have some of the supplies needed after the first child.

[@Rebecca-bq4ez]

People want to at least be able to give their offspring what they themselves experienced as a child. If the outlook looks worse for their children, they figure why bother.

[@dabluflcn]

Countries could do any number of things to address and fix this to avoid a collapse in the not too distant future, but they’re so determined to keep things the same and have their cake while eating it too that nothing will change until it’s too late to sustain the ouroboros we currently live in. I like being able to turn the phrase to the rich “let them eat cake”

[@AlexsGoogleAccount]

At this point, my assumption is that the situation will get worse and worse until a sufficiently large % of the population is crushed and a collapse is happening. And then things might finally be addressed. My shot to be where I want in life is to be doing just slightly better than that % who gets crushed so that when things get better, I'll benefit from it. It's a dark, morbid way to view the world, but what else can you do than to try to do things right and pray that you make it through?

[@oldskoolmusicnostalgia]

​@@AlexsGoogleAccountalready happening with lower and middle classes who are first hit by lower marriage rates and lower birth rates. Which will have ripple effects on everything else. The wealthy asset owners want others to deliver more babies (i.e. Future labour) for them after doing all they can to starve these people from a present and future.

[@CharlyCD93]

Food, water and utilities are basic necessities that we need daily and require a infrastructure/supply chain. On the other hand housing once the building is up will last decades but people abuse real estate to extract as much money as possible from other people.

[@evilds3261]

Once the price of food goes up way too high, child poverty rates in the USA will go down.

[@GreySergal]

Because people don't want to view housing as a right, then people abuse it. But you know they say water isn't a right too.

[@sandermez3856]

feudalism used to be AWESOME. ppl loved the freedom to travel anywhere, work a bit on someone's land and have no responsibility in their youth. Buy a peasant home (they are huge) or just travel or save up and eventually become a lord of the land yourself! but then something happened.... Peasant's freedom to travel was limited. They became part of the land and essentially slaves, working and barely surviving. Those lucky enough to buy land and become lords became greedier and greedier, abusing the peasants. today, feudalism isn't seen as this awesome arrangement where lords fork up a lot, offer security and a life for those living on their estate. no. its synonymous with exploitation and abuse. Eventually revolts and riots happened and it all ended badly. the same thing is happening today with landlords and tenants and employers and employees!

[@Alex090]

"You shall own nothing, und be happy".

[@gdj777]

While eating ze bug

[@Gnomezonbacon]

@@gdj777 und pegging ze plastic robot.

[@princemc35]

Im chilling right now

[@fuckshit8208]

This partial quote is really starting to get annoying.

[@evilds3261]

If they can overcharge us, we can overcharge them. We do own something they can never take from us - our labour. We choose to give it to them, otherwise we could all just lay around doing nothing. Power is controlling access to a resource - you can use people's expectations of you as leverage, as a bargainning chip, that if they expect those to be met, certain conditions must also be met or else the deal is off.

[@noone1929]

I'm sure there are a lot of young people who want kids, but can't afford it, yet I feel like I've seen just anti-kid sentiments too. Couples who claim "We never want kids" or even my co-workers who openly admit they hate children. Maybe it's kickback, but then there are the dog parents who go out and buy an expensive dog breed instead of having/adopting a kid. And after the vet, specialty food, dog sitter/daycare/walker, groomer, toys/accessories they probably spend close to that of childcare expenses without the long term socital benefits or senior care help.

[@scwirpeo]

As a millennial I would wager a lot of that is cope. Like when you cant have something and you go "well I did not want it anyway I don't like that thing." Almost certain nearly all of them or at least a hefty percentage have had a daydream or two of building a family. Any person with critical thinking skills would see all this and just say no to kids tho, no parent would want their kids to have no future.

[@tatimarie8277]

I think it’s because it’s seen as a lower commitment. It’s socially more acceptable to give up a dog after 5 years because you can’t afford it or no longer want the lifestyle that comes with it. Dogs also don’t live as long and generally will love you as long as you feed them and don’t abuse them. If you do that as a parent you’ve failed. To go off the comment above me though the biggest reason I’ve heard among my friend group for “not wanting kids” isn’t because they don’t want to be parents, a lot of them say they don’t want to bring a child into a messed up world.

[@angryfirefly]

​@@scwirpeoI was thinking the exact opposite: that there were probably a lot of people in the past having kids they genuinely didn't want. I believe it's probably more likely than the opposite. People today would much rather use contraceptives, when there's nothing stopping them from having litters of kids that they can then just abandon with no consequences.

[@markonikolic7957]

@@tatimarie8277that’s such a dumb excuse the world was a much more terrible place only a few generations ago

[@scwirpeo]

@@angryfirefly There is 100% a decline from that i agree. Not many people today would want 8 kids like back in the 50s. One or two tho even assuming the default is an equilibrium stable 2.1 birth rate and we are way way under that already and the decline just keeps coming every year.

[@rafadydkiemmacha7543]

The worst part of it all is that people got used to this absurd reality we live in. No matter how hard financially it is for most people, there is always this convenient excuse of "work harder". The blame is being pushed on people for not trying hard enough. It's disgusting, given that most of the essential professions make ridiculously low incomes comparing to the cost of living. I'm not sure if I have any hope for the better, because humanity loves to blame itself for clearly broken systems and greed of the elite.

[@seabreeze4559]

just world fallacy

[@Youtubeuser1aa]

Work harder

[@dovakeen1179]

The American dream was the idea that a Puritan and a catholic could live across from each other and not kill eachother. The house and white picket fence was a commodity version, just as diamond rings became the symbol of marriage.

[@newafricanforum]

Really? Thought the American dream was really a reference to personal success....and in particularly economic success. 😂

[@zaco-km3su]

No, don't lie. It was about having a better life.

[@vylbird8014]

I understand it was supposed to be upwards socioeconomic mobility. America was supposed to be (and is, on paper) a society with no rigid class system. There's no titled nobility - the constitution expressly forbids it. The dream is that even the poorest immigrant or child of poverty can, with hard work and talent, earn their way to wealth and comfort. There's no formal nobility, but rich and well-connected parents still count for a lot.

[@seabreeze4559]

diamond is a roman symbol of love so nah

[@iTzDritte]

5:35 Children really are the ultimate luxury good these days

[@OM-pu9yi]

Nop

[@mystraunt2705]

I want to be a father, I feel I would be a great one but Im never gonna be able to afford it. Its crazy that having kids is something I can only dream of lol, a long time ago it was the norm that everyone would have kids at like 20.

[@ssc3360]

@@mystraunt2705 Maybe getting the kid will get some hustle in you

[@the_expidition427]

@@mystraunt2705 Welfare and don't let pride get in the way

[@Pukeyray]

​@@mystraunt2705I have a cousin who is amazing with children but can only afford one. Things is her and her husband are well off. But they don't feel that way and made the decision to only have one being they can't imagine dividing their time between multiple kids.

[@Kin-28-8]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@DhanaPayar]

I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

[@Michaelparker12]

45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.

[@Michaelparker12]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@Lewistonwilliams-f5i]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@unconventionalideas5683]

3:46 The stock market is incredibly stagnant outside of AI. AI is just propping it up, and that will _not_ last. AKA: the stock market is actually not to hot right now. Also, food prices are really low by historical standards. In 1950, the average US household spent more money on groceries than housing, and the spending on housing, while lower, was still one of the largest expenses. Yet still, more than a quarter of income in those days went to food. Let that sink in. Groceries are also levelling off, while car prices are actually declining a lot, too. That means that certain things are easier. Still, the suburban dream was never financially sustainable; Strong Towns has some good information on that.

[@JustinLewis7326]

Market is still down from 2021 in real terms

[@SF-fb6lv]

2:06 Look it up ("house price vs income by country"): In terms of home-price-to-income ratios, homes in the USA are relatively inexpensive compared with the rest of the world. Argentina is 21X income, Ethiopia is 43X income, The USA is near the BOTTOM of the list of how-many-times-annual-income-a-house-costs. Only Puerto Rico, South Africa, Saudi Arabia, and Oman are even EASIER to afford. Even in Egypt, it is FOUR TIMES as expensive for nationals to buy houses on their income.

[@kittendkat5100]

I take it this takes into account people making 6-8+ figure incomes, if that's the case then yeah.

[@ForgingMyWins]

31, no kids. Own nothing. Can't afford to do much. It's pretty lonely being broke.

[@victoriaveeart]

Yeah I always say 2020 was the last year to buy a house at a decent price very grateful

[@emilianoperez7977]

unless the bubble pops and the market crashes like all the news articles are saying about the slowdown in the real estate market. You never know everything is extremely artificially inflated and there could be a market correction

[@victoriaveeart]

@@emilianoperez7977 just as the markets are inflated so are the news articles known for mongering fear to get people to spend or not to spend

[@Francisco-po1cf]

@@emilianoperez7977it’s not going to drop below 2020 prices. That’s just wishful thinking in my opinion. If it does crash, it’ll fall shortly and shoot up again. Too many people have been waiting on the sidelines. As soon as they drop, people will rush in to buy especially the people who have been waiting since 2020. The people who have been waiting for 4 years will jump at buying because they learned that waiting didn’t work out well for them the recent last time.

[@sunso1991]

after paying for my taxes this year, i wondered whats the total tax we pay. i included Federal/state/city tax, FICA, Social security, property tax, utility tax, phone tax, sales tax, exercise tax, and assumed a typical person lived pay check to pay check unable to save any money but not get into any debt to make a straight forward calculation. the grand total for someone making $100k living in Maryland is...... 51.6% total income goes to tax. knowing that, i asked my boss if i can hybrid work 2 day from home, work 5 hours less each week for a 15% paycut. they are happy to reduce salary/payroll burden. i am happy to spend more time doing fun things instead of working for gov/stuck in traffic

[@astrahcat1212]

If housing crashes from those 400k homes being 250k or less, then car prices crash from a new car at 18k to about 12k, then the American dream isn't going to cost 10 million us dollars to afford, that's pretty ridiculous. You have a car in this country, you can drive to the beach, mountains or lakes that are pretty much everywhere. 10 million will get you a mansion, maybe not in California, but in most other states, and you'd have enough to afford taxes even into your retirement.

[@CDeuce152]

Breaking away from an established tradition is not a norm, it's a cure to an over established practice.

[@jbb8261]

We have it in a much different way. My friends who live in suburbs are struggling, my husband and I live in a 1300 sq foot cabin on a few dozen acres and our living expenses are bare necessities.

[@TheNewLooter]

6:22 sorry, but this is absolutely not true. Less and less people find the idea of sacrificing a major portion of their life to raise a child appealing. The idea that people aren't having kids because of economy is patently absurd. If some sort of a wizard came and gave everyone a house and a steady source of good income, you'd see the fertility rates go up by maybe 0.3 - for a few years... before continuing on the downward trajectory

[@andrewwebster4348]

37 here. I have a house. Bought it before the rates went up. The only way I could do it was by not having a new car payment. I'm still driving a 2012 Subaru Outback. I think historically, the middle class never had more than one new car. If it had a second car, it was clunker. Usually both cars were used. The idea of owning a large home and two new cars was only achievable for a short window of time. A window that has now closed.

[@Athena1592]

Am I the only one that's getting tired of these sponsorship drops? Just rips me out of the video.

[@TurnRiver]

Depends on which markets. California, Seattle, and New York maybe. But midwest and the south are still relatively affordable.

[@CapitalismDeathSpiral]

Nothing is affordable. Affordable means that if American wages start at $8/Hour then all need based goods must be priced so that Americans can easily obtain goods and or pay off a tiny home that is durable for 100 years in less than 3 years. Just like the 1950s. Fruit and veggies should be 0.50 a pound or less. This is a basic need to keep Americans healthy so they can function.

[@thehogus]

Well it's a dream right? Not a reality.

[@dogetaxes8893]

I’d say the biggest factors that allowed the “American dream” was every advanced countries manufacturing outside of Americas being destroyed from WW2, the Cold War economic model, years of suppressed demand from the depression, income inequality lowered by a WW2/depression and lastly asset prices being suppressed for so long so housing was cheap. Having an unskilled single worker (male breadwinner) supporting an entire family while affording a house was an economic abnormality which took 2 world wars, depression and Cold War to occur. This is not the norm and shouldn’t be seen as the norm.

[@rorycolgan]

Are you sure you weren't sponsored by the wef?

[@andiili]

strange coincidence that this video comes just less than a week after Secend thougth's video, on a similar topic

[@HowMoneyWorks]

His video was great, I was stressed that we had to post our one and follow the standard he set with it. I don't agree with all of his politics but I think one of the best things you can do is seek out counter points to your own ideas and he talks about really important issues.

[@michaelnazar9358]

.

[@johnruhd5917]

@@HowMoneyWorks You... learn from people you don't agree with? Well no wonder you do so well. You're doing it right.

[@thefalsehero]

I can't stand listening to that smug guy, Second Thought. Especially since most of the things he says are wrong.

[@andiili]

@@thefalsehero I'm mean he does his research, you can just say that you ideologically disagree, and thats okey

[@fuzzy3440]

The American Dream is still affordable outside of SF, LA, Seattle, Chicago, DC, NY, and a few other high cost areas. That's why cities like San Antonio and Olathe are booming. Because you live in San Francisco, your views are highly influenced by the high cost there. Median income in Bexar county is higher than LA county.

[@TheModernInvestor]

If you're not investing right now, its time to start. It's now the only way to outpace inflation. You're losing out on an economically sound future everyday that you don't learn how to make money work for you.

[@neohelios77]

~80k-100k in midwest? completely doable in your late 30's/40's Just gotta be F-KING PATIENT!!!

[@geordi-gabrielrenauddumoul449]

Canadian here. I am 28 yo and finished my master's in engineering. I have no debt, yet I feel like I won't ever be able to buy a home without huge financial pressure.

[@michellev4439]

Where in Canada do you live?

[@geordi-gabrielrenauddumoul449]

@@michellev4439 Montréal. Its not as bad as Vancouver or Toronto, but it's getting pricier every year. A house that was 300 k 3-4 years ago is almost 700k right now. I have no savings and about 4k in student debts(negligeable) but no savings. I am a bit dramatic, I might be ok in the long run, but a house will still be a sink hole in my finances. I am afraid that the price of houses will keep getting higher.

[@MrSteeDoo]

A negative attitude will guarantee negative results.

[@geordi-gabrielrenauddumoul449]

@@MrSteeDoo ah ah ok dude

[@MrSteeDoo]

@@geordi-gabrielrenauddumoul449 OK well Mr Big Brain Sad Sack, good luck to you. A negative attitude will only hurt you.

[@the_bush_family]

32, own two homes (both investment properties), single W2 income north of $100k, wife, 1 kid and 1 on the way. Only way we got here was literally working 3 jobs each for 2 years straight to pay off $125k worth of cars, student loans etc. to become debt free. Then that money started going into the investments and properties we have today. Sounds glamorous, but with how expensive everything has gotten, we wouldve thought we'd be WAY further along, but it feels simply 'comfortable' (which is still a blessing of course).

[@collegedegree8506]

7.6x the average dual income? That’s insane. Maine is a lot cheaper than that. It’s the few states where everyone wants to be that truly skew these numbers like California, New York Connecticut, and Massachusetts. Idk the average dual income but the average income is around $45k-$53k I think. So on the low end that’s $90k before taxes. You can buy a home for $200k here in Maine, but a move in ready everything is nice might be closer to $300k. Add another $50k-$100k if you’re in the “city” which would be a very small town by Massachusetts standards. I think this discrepancy between the average country wide vs the average in Maine, along with it being beautiful here, is why we’ve seen such massive price increases and have been one of the top states to move to since Covid. When you live in the city making $120k+ combined and you can buy a 3bed 2 bath home with 2 car garage in Maine on a golf course down the road from the ocean or lake with 5 acres to yourself for $350k… it’s bound to cost $500k sooner than later.

[@user-gz4ve8mw9l]

Median income is more realistic to what people earn. Median income is much closer to $15-$40k/year for a single person.

[@gamerjohn310]

Not really, even states like Florida and Texas are becoming more expensive. Maine is a small state with an older population, not very representative if you ask me.

[@jameswelch82]

I'm 31. I got snipped 5 years ago and I don't have children. I understood at a very young age that I would never be able to afford to give my children a decent life. Not a day goes by that I regret doing it. I make about 35 an hour, and the thought of buying just an average home is absolutely proposterous.

[@Awareness_With_Dennis]

What do you do making 35 an hour? I’m 31 as well making 21 an hour for Amazon package delivery and that thought has crossed my mind too

[@jameswelch82]

@Awareness_With_Dennis I'm a blackjack dealer. My wage varies since its mostly based on tips. but yeah, between 30-40 an hour is pretty normal. It's an easy gig that pays surprisingly well.

[@seancsnm]

When I was in grad school 2017-2019 I had about $1000 of expenses per month and made $30k or so per year. I lived in my own decent apartment. Now I make about 3x more per year after considering taxes and cost of living is closer to $2000 per month. I now live with a family member so I get a huge discount on rent. But if I wanted to live in the same type of apartment as I did in grad school cost of living would be closer to $3k per month. So on a relative scale, my quality of life is actually quite a bit lower than it was in grad school. Commute to work is 45-60 minutes. Not much energy or ambition to have a relationship or do the things I really enjoy. At least I am saving most of my income... I don't care too much about owning a home or nice car, I just want freedom. This is not what I envisioned when I was a young bright eyed kid just entering college years ago. The poor mental health is the hardest part of life to deal with now.

[@Awareness_With_Dennis]

I’m sorry that path has led you here. Hope you find peace and happiness soon ❤