The Death Of The Middle Class: Why Everyone Feels Broke

[@ChefBuck]

We have lost 25% of our buying power in the last 3 years and people are too tired to give a shit. What a boring dystopia

[@manoftomorrow5987]

Not that they don’t give a shit…but as they’re complaining nothing is happening and then they scroll IG and Tik Tok and see their peers living it up and acting like everything is ok. Everybody is faking it…why would they want to be the complainer of how broke they are in a social media economy where everyone is acting rich

[@chancewingo]

If you count from 2019 we’ve actually lost around 300%

[@brenogandini1605]

>Too tired to give a shit That pretty much sums up the whole last decade or so. It feels like every year, every incident is bigger than the last, most of what is common nowadays in the news would be a huge issue in the early 2000's. Most people, as a defense mechanism, stop giving a shit about anything because its too tiring to give a shit about, quite literally, everything.

[@FirstLast-vr7es]

Vive la révolution!

[@RealHomeRecording]

​@@FirstLast-vr7esfook yeah! Let's get the party started

[@DeenanTheKemon1]

Imagine telling multiple entire generations that they have to work fulltime in order to never own a home, never own a car, never take a single paid vacation, no health insurance, zero sick days, no benefits, no OT, no paid lunch breaks, no savings, no groceries, no children, no retirement, no future, and then complaining that they dont wanna work.

[@KamoriTaylor-f1l]

@@SmokeNGunsBBQno ones lazy 🤡

[@r.mariano8118]

It’s not THAT bad. Lots of people have most of all of those things. But, it’s certainly harder than it used to be. Not sure if I can get on the housing ladder and buying a car is a big investment these days.

[@BOSSDONMAN]

@@r.mariano8118Many companies actively discourage using PTO and sick days. Health insurance conveniently doesn't cover a lot of things in the US.

[@johnsonnghiem9018]

​@SmokeNGunsBBQ the va fked me because i haven't seen a cent. Im about to get a lawyer on that.

[@jmav2229]

@@SmokeNGunsBBQ what about those that are barred from entry? Criminal past even just misdemeanor, debt? Can’t enlist if you owe any debt. Medical issues? Nope. I know many that would love to but cannot so it’s not always an option. Just because you got in at 18 doesn’t mean it’s viable for everyone lmfao

[@ematthew25]

Out of touch people will just tell you to work harder

[@ColeHastings]

Almost always those who grew up in a different generation

[@NoshikiYT]

@@ColeHastingsin some situations it’s true you need to work harder but in situations like losing your house etc you still need to work hard or else your gonna be homeless these days people need 2 jobs to have enough money to buy stuff unless they are a celebrity

[@orangewarm1]

how many hours can you work in a day? can you apply for jobs that pay more? can you upskill your qualifications for a higher salary? have you sat down and thought (and calculated) how much you could make from a side hustle of your best skill? what do you waste your time doing?

[@NoshikiYT]

@@orangewarm18 hours a day 40 hours a week if you work overtime they must be pay you double

[@DillyTheWillyWilliams]

​@@orangewarm1 I work 2 jobs no time for sidehustle. No dating. Most free time I gt are lunches. My brother works 3 part time jobs constructions, sub and janitor. Also looking a your comments you are one of these out of the loop people

[@corrion1]

The problem is they will eventually rewrite history saying that this is how it always has been 'no one ever owned anything'

[@velyund1546]

Every year I wonder how much we don't know about the real history, aka that part of history that isn't convenient to share to the rest of humanity. Things like erased cultures and civilizations.

[@Anna-t7l]

Well, here in UK, our history tells us clearly that working people's agricultural land was stolen by barons and others with more power! The explanations for doing so, flowered over the truth, making it appear that these barbaric, criminal acts were necessary! Some ridiculously stupid people, believe whatever their betters tell them 😏🙄 Those of us who are smarter, know who are the criminals in our society!!!

[@tymgames8307]

The US government already changed the definition of recession and inflation

[@tymgames8307]

​@velyund1546 this thought is scary because everytime a new ruler or new conquerer arrived they forced their culture, and burned the books everytime. Imagine how much history was hidden in those books that were destroyed everytime

[@jy840]

Sounds like a future propaganda campaign from the aristocracy…. Oh god….

[@Dexter01992]

Yet again we are reminded of the failure we are for the fault of "not being landowners and/or stockholders by the age of 5"...

[@ColeHastings]

Bro, why didn’t you buy bitcoin while you were crying in your crib?

[@mattr2626]

just work harder bro, problem solved

[@NightmareRex6]

wish i thught peaople would be so disconencted virtual coin would be worth so dang much and baught a bunch.

[@Truthseeker-iz3dj]

This is why both partners need to work and why middle class people are having less kids. The poor have accepted their outsome and still have lots of kiddos and the rich can aswell

[@Bob-b7x6v]

Why didn't you save 10% of your income while you were in your dad's left nut for a 5% APY index fund when your momz dropped you from her crotch?

[@karlstrauss2330]

“Confidence in the economy is the lowest since 1966, which is even lower than during the Great Recession in 2008.” I remember graduating high school in 2008, as bad as it was there was still an undercurrent of optimism that things would turn around and improve…. I don’t feel that sane sense of optimism at all in 2024.

[@thegreatestfallout1794]

Obama teased us with "hope" as a campaign and then bailed out the banks instead. The players involved in the 2008 crash are still in their same positions.

[@erunstoppable1174]

I remember graduating in 2008 to watch my father, a 25yr local 134 union electrician deliver flowers and pizza to make enough to pay the mortgage. Was soooo excited to join the job market.. NOT

[@karlstrauss2330]

@@erunstoppable1174 I remember driving kids to school cause their parents got evicted from their homes and their cars repossessed… but Hope and Change was in the air and in Washington DC and that kept people motivated

[@JacobSchmitt-j8p]

Get a job

[@karlstrauss2330]

@@JacobSchmitt-j8p OK boomer

[@rattlehead999]

GDP is one of the worst metrics to measure how well an economy is doing. What we should look like is purchasing power.

[@ColeHastings]

Correct

[@rattlehead999]

@thetaxgawd GDP takes into a count the money the governments print. Another example is if I sold you a chair for 5$, then you sold it back to me for 5$ and we repeated that 2 more times, we just added 30$ to the GDP, but we've effectively done nothing. The purchase and selling of stocks also goes to the GDP and that's not productive at all either.

[@meowdonkey5811]

That’s not true, gdp only takes into account finished products when they are first sold, not reselling

[@joefer5360]

Tell that to all of the economists and statisticians.

[@joefer5360]

@@meowdonkey5811 But if one bedazzles the chair purchased, sell it as a new product on a lineup belonging to a "brand"; you just increased the GDP.

[@norwegianblue2017]

The house my parents bought in 1975 was $70k. Current value is $1.8 million. Wages have not gone up 25x since then.

[@troybaxter]

My childhood home doubled from $330 in 2009 to over $700 in 2021 when my parents finally sold. I and all my childhood friends have literally been priced out of my own hometown.

[@norwegianblue2017]

@@troybaxter I literally could not afford to buy the house I bought in 2015 if I had to buy it today. Not even close, especially with today's interest rates.

[@ArcaneAnouki]

My family have said they couldn't afford the houses today that they bought ten years ago

[@asimplenameichose151]

@@norwegianblue2017 I'm in the same boat ... bought in 2017, and have hustled to basically double the income I was making when I bought the house. Still couldn't afford it now (at 2x 2017 income) if I had to buy it in this market.

[@kayladunaway7101]

Similar boat - childhood home sold at 180k in 2014, was recently sold aging in 2023 for 500k. This house isn't even in a desirable area, it's in the middle of bum fuck nowhere Southern US with a high flood risk. Yet here we are.

[@tylerdphoto]

This guy is making a living by telling us that we aren’t making a living.

[@ColeHastings]

This guy gets it

[@joefer5360]

How long is this sustainable? Is this an "economy"?

[@RealHomeRecording]

​@@joefer5360right? KZbin advertisers can't continue to pay money to advertise if they are not making a profit

[@wonthangsoop]

Finance youtubers: You call THIS living on everyone else's poverty? Pathetic! Let us show yall how it's really done.

[@tylerdphoto]

@@wonthangsoop broo what do you MEANN? 🤣

[@Almneur]

The rise of credit is what caused the fall of the middle class. They rise the price of college, cars, homes, food and fuel while at the same time give you more credit cards and loans.

[@frankrizzo5262]

Yup. All while the only people getting a raise adjusted to changes in inflation was the fast food workers. Yay… now the middle class gets to wake up , wasting 30 years of working their entire youth, only to wake up one day making the same as a Burger King employee. Make it your way and make everyone. The American dream is now only for the top 10%. Everyone else will just be called poor, lazy, stupid, useless, disposable.

[@troywalkertheprogressivean8433]

Well, it is a debt based economy after all.

[@JohnKerbaugh]

Going off the gold standard, housing zoning, and many other shenanigans.

[@julianoallard8398]

Yes, on that note, I believe that's why split payment options like Klarma and on PayPal have become so widespread, it's effectively a credit based system of payment that appeals to people who can't afford to pay for stuff in one go

[@matthewsmith2362]

Yes kind of. The government is helping by buying all the loans. Pretty easy to loan everyone money when you know you can sell the I owe you to the fed for a profit. The federal government is outa control. No one should get a check untill they balance a budget. No more deficit spending

[@oherroprease207]

Us “young” millennials are screwed too. I was 27 when the pandemic happened and was saving for a house. My gf and I were left behind, we simply can’t afford a home now. I have friends on both sides, those that bought a home just before 2020 and are now set for life versus those of us that weren’t quite there yet and now are perpetually stuck.

[@lunam7249]

just invest in Ai stocks with that stupid morgage money

[@alicruz4900]

I’m a millennial too and we were about to buy a home. Then 2020 happened. I feel you!

[@beep6202]

Older millennial here. Same deal! Wasn’t quite ready, and now I’m concerned about my ability to get a house, especially since I’m single with no plans of changing that in the future.

[@nemethandrea8079]

Very true, same here 😢

[@Jeremiah-w99]

Just save and do it in a few years when interested rates aren't at a multi decade high.

[@TheMuttFromTacoTown]

Hard work doesn't breed wealth. Wealth breeds wealth. . .

[@allsouls5997]

And most of that wealth is through theft from central banking

[@Travis-hp4jr]

it is not a system based on individual merit and freedom anymore. it is about information and mind control and who you know and much you are willing to serve the beast system...

[@jmecklenborg]

I took one 4-day vacation in the 10-year period that saw my net worth go from -$80k to +$400k. I worked 100 more days per year than the average person for 10 years but I'm the bad guy.

[@econ0003]

Hard work, saving, and investing builds wealth. Most Americans don't do that. Most Americans are lazy, spend more money than they make, and don't invest their money.

[@AmandaHugenkiss2915]

Smart work, spending control, being careful who you get with, and long term investing is how you END UP wealthy or at least well off. Slinging fries as a career, divorces, child support, criminal records, car payments, credit cards and lifelong renting is how you end up eating dog food when you're old.

[@dusanstojsin4938]

This is so true. It feels like in a few years you literally won't be able to have a normal life if you weren't born into a rich family if nothing changes. All my "middle class" friends are struggling like crazy to find jobs, and even if they find one it's some minimum wage garbage, none of them have had girlfriends, haven't been on a vacation in years and some of them can't afford college or even a car, meanwhile all the rich kids are living it up with their expensive cars, moving to a different country, having a different hot girl every month or just getting married and having kids and working at their parents' company and not even needing to go to college.

[@Reverse_sweep63]

😔😐

[@gray3589]

That seems very harsh

[@christophernash8166]

Especially with the millennials and Zoomers, there are those who started out with a silver spoon and others who have struggled for years. And the lucky ones, especially lucky women, think those who struggle are just dumb. Obviously, that's not always the case. Your salary doesn't always represents your intelligence. I know a woman who made $200,000 a year with no peace or real emotional intelligence. Meanwhile, I've struggled and have peace and have emotionally grown from my struggles.

[@silviuvisan505]

Welcome to nepotism society

[@nobodynowhere21]

​​@@gray3589Seems accurate to me. We're all living in totally different realities. God himself is going to break this abomination we call "the world".

[@HectorSnipes]

I just want my money to keep outgrowing the inflation rate. That’s why I'm looking for companies now to invest about 150k in savings i have parked in the bank. Just don't know strategies to employ to make significant gains with stable cashflow.

[@PennyBernadette]

Chose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money. I use the latter.

[@crystalcassandra5597]

You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.

[@grego6278]

How can I reach this advisor of yours? because I'm seeking for a more effective investment approach on my savings

[@crystalcassandra5597]

Well, I chose Rebecca Nassar Dunne as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification. You should look her up

[@lolitashaniel2342]

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.

[@MalachiFrazee222]

It's called the American Dream cause you have to be asleep to believe it.

[@Anthony-oh4ee]

It’s locked behind a paywall.

[@chrisjonesfilm]

@SammyC-ro5jq his friend George made it up.

[@CeleneDiedrick]

💯

[@koobea4859]

George Carlin

[@Yalbou]

Its the same in australia, if not worse. Average price for a house is over a million dollars for a 40-50 year old 3 bedroom house. We are experiencing a cost of living crisis, inflation has killed all our savings. A lot of middle class people are living in tents or their cars. There are now "tent cities" in australian cities. Its a disgrace

[@ClaudeGTAFan]

Our country is ass, wanna move out soon fr

[@myropain]

100% agreed, born and living in aus here. Only 14, but I fear for my future in a world I'm anywhere near this country. Sad, because I loved and still do love this country, but I hate the politics and such of it all. Much like the US, both sides of politics are not only useless, but have actively contributed to the problems we have to benefit themselves.

[@do_it_for_content]

Just a correction, the stimulus checks certainly did not amount to $5 trillion. They came out to around $800 billion total over the 3 checks ($1200, $600, $1400). The $5 trillion was what was pumped into the stock market to keep it afloat over 5 days.

[@st8867]

The question is why are Americans protesting about Palestine and not this shit? What are you guys doing man?

[@obiomajronyekwere4469]

Palestine is a whole different issue but america has this lull yourself by your own bootstraps and if they did that theyd probably be labeled communists and sociallly shunned. Ironic its more acceptable to protest far away genocide than youe own inequalitym

[@cosmictraveler1146]

It’s not like you can’t protest for multiple reasons but I do agree with you that things homeward need to be prioritized, we can’t help anyone while we’re going under too.

[@BarronBarca]

For real I have videos of this on my YT channel

[@justacoginthefkery]

Because the American ppl have become complacent with the cards we've been handed.

[@desireedebellis6766]

the bigger question is why does the U.S send Israel BILLIONS of our tax dollars year after year,, They have free housing (if they steal it from a Palestinian) ,, free healthcare,, free prescription drugs,, free schooling and a monthly stipend check ,, and why is it that 89 % of congress are dual citizens and AIPAC sponsored... These protestors are the true Patriots calling out our government and colleges for the War Criminals they are and the Military Industrial Complex that rules our country...

[@whitemagus2000]

1:50 My food bills are up, my gas prices are up, and my energy bills are way up. But the economy is good and inflation is low....

[@Pb9098_]

The only people really thriving right now are the ones with low expenses and heafty high yield savings accounts

[@Spiral.Dynamics]

Wages are not keeping up with costs. And with the recent price hikes people just cannot afford to live anymore. Wages are treated like a cost to be lowered by monopolies instead of a person who deserves a living wage.

[@ethanmiller5559]

Quite the opposite. Monopolies love minimum wages because they strip the value of labor by raising the price of products and make the labor market less competitive in the long run. Sure they take a big hit immediately, but it's a hit smaller businesses sink from while they use their assets and reserves to stay afloat. So they get to remain untouchable.

[@thenthson]

Yeah two years ago I got hired on by walmart at 15 an hour. Now people get hired on at 14..

[@Pb9098_]

​@thenthson 3 years ago I was making $12/hr later move to a new company making $12/hr. Now I make $25. Not amazing but in this market but bachelor's and masters degrees are making less. Sometimes you get lucky, most times you don't

[@trawll8659]

Greedy business magnates and government money printing are the problem. When you have entities like Blackrock and Zillow buying up residential real estate and jacking up the costs along with governments allowing such a thing while also printing money we get the problems we have today.

[@ОгурецМолоко]

Well, you see, the Fifth Amendment protects the right for property, that's why government can't prohibit companies from buying the land and houses for investment, and printing of money is done by Federal Reserve, which is not part of the government, therefore it's not the government that decides to print out money.

[@thetapheonix]

⁠@@ОгурецМолокоThe fifth amendment doesn’t protect Blackrock from investing in real estate. The government created the Federal Reserve and they can get rid if it as well.

[@ryguy5436]

@@ОгурецМолоко They take orders from Congress, aka the people we elect and have a monopoly over our money supply. The federal reserve is a private bank in name only.

[@dinguscollective1872]

@@ОгурецМолокоThe Federal Reserve is not a government institution

[@RealHomeRecording]

​​@@ОгурецМолокоThe Government can absolutely regulate whether a company can buy a house or not The Federal reserve Bank likes to say they are not part of the government but they have department of Homeland security protecting them. Just like the food and drug administration have the government protecting them

[@bubbajay1934]

Boomers kicked hardship down the road, quietly. When they worked, unions were strong, when they left the workforce they invested in the stock markets and railed against unions in order to drive wages and benefits down and supporting globalization/offshoring , padding their own portfolios. They allowed governments to accumulate so much debt over their working years, that even just the interest on the debt is now a larger expense than all of health care combined. They bought their homes for a potato and now sell them at millions, then investing in more rental properties taking what should be starter homes for the young, and renting them out at sky high prices. Need I go on?

[@LoveKeepsGiving]

I see two major reasons why we're here: 1) Housing supply - We need millions of more affordable housing that should've been built as time went by decades ago 2) Corporations regained control. The same thing happened between 1880 - 1930. The consolidation of power in an industry squashes any kind of fair market competition.

[@ma.2099]

Too many rich older people who had their chances to buy houses cheap are closing the door behind them. NIMBY are a part of the problem of no houses. Houses now have to be built on land that has to entirely redeveloped and is far away from cities and businesses. When you buy a house, you are also paying the price of a company to get all equipment and workers to a work site that continues to be further and further from where you need to physically be. Because back in the office is becoming more normal again after COVID, many people will end up buying a house that they over pay for and is 30 minutes to and hour or further away from where they have to drive every day. Which means more gas, higher insurance, more car repairs so you need to work more which is a killer cycle. That’s on top of all other rising costs.

[@lauraturner7048]

I heard that in the 2008 Recession, Construction got hit pretty hard. The amount of housing being built dropped significantly almost overnight. This never really recovered.

[@edsanville]

What a coincidence that this happened right after they decided to destroy the entire world over Covid! Oh wait, maybe it's not a coincidence at all. And predictably, the government blames everything and everyone except themselves. "Corporate greed," yeah right. Inflation is caused by an increase in the money supply, and/or a decrease in the supply of goods and services. Both ends are affected negatively by government intervention through loose monetary policy and tight regulations. But governments have been blaming the private sector for inflation since the days of Emperor Diocletian. Sigh.

[@standingbear998]

BS it 90 % mental weakness and a life of bad decisions. look to the guy in the mirror

[@martinpalm5]

yup, this guy has no clue what hes talking about. People don't seem to understand how many homes we are missing. Millions of homes are missing in California alone never mind the US.

[@CloudTribe]

I think the worst part about this society is even if you don’t want to work hard. The people that do will eventually change society to where you have no choice but to work hard just to survive.

[@justacoginthefkery]

What's even worse is the amount of content creators making bank on social media for doing bare minimum. It's all so backwards.

[@tarlkudrick1174]

Well to be fair, for 99.99% of human history, you had to work hard just to survive. If you didn't grow your own food, or hunt/gather it, you didn't eat. Nothing easy about farming.

[@RedLineShortFilms]

That's not true at all. Before colonialist invaded south america, people there only worked 4h a day and then spent time with their friends and family in the afternoon, people barely worked. We're not supposed to work 80 hours a week​@@tarlkudrick1174

[@CyberMachine]

@@justacoginthefkery No that's not whats worse. That means there is an easier way out of this.

[@justacoginthefkery]

@@CyberMachine except for the fact that the vast majority of SM influencers are having a compounding negative impact on society.

[@Really_Brooks]

The American dream should've been kept alive. Now we have a whole class segregated.

[@standingbear998]

you and your thinking is your problem. the American 'dream' as everyone wants to bash is alive for those who have made good choices and not looked for handouts and entitlement. people are buying homes all day everyday. stop the lies

[@Travis-hp4jr]

Global control...war on western civilization and values...

[@CrockbackColumbo]

The migrants will fix and replace this issue. They don't mind as much because they are making the American dream real again. We're not going back.

[@willd.8040]

The term and concept of the "American Dream" actually came from the Depression-era 1930s, and was used as a way to drive consumerism and materialism by advertising agencies. It wasn't only about owning your own home, but owning everything yourself and not sharing things that could have easily been shared. Families could have easily purchased appliances between 2-3 families, and shared them without much trouble. But if society was taught that this was ok, the appliance manufacturers wouldn't have sold nearly as many ovens, and washing machines, so they made up this idea of the "American Dream" and it worked. It helped push sales during tough times and then when the country was more prosperous, it was part of the norm for everyone to buy their own things instead of sharing them, hence driving the economy, spending, and creating the consumerist middle class that we now look back on of the 1950s and 60s. Just thought that people should know where this American Dream idea came from, and that it wasn't REALLY about everyone being assured an affordable house, two cars, and a couple of kids. It was just something that smart advertisers came up with to impact what society considered normal, or the status quo, which therefore drove Americans into becoming consumers and materialists.

[@edwardlee3286]

My oldest child is Gen Z. I fear for her future. I also have a Gen Alpha. They will NOT HAVE a future.

[@H33t3Speaks]

Wouldn't that mean... you broke 'it?'

[@Anonymous-wb3nz]

It's pretty irresponsible and selfish of you to have that many kids in this day and age.

[@H33t3Speaks]

@@Anonymous-wb3nz Shouldn’t somebody have changed your diaper before bedtime?

[@TheRealHarsjan]

Your negativity will destroy them

[@bnbcraft6666]

Help them the best you can

[@George.Coleman]

Because we're in WW3 and we don't even know it, it costs a lot, so we all pay without even realising

[@erobwen]

The crazy thing about this, is that while we are getting poorer, worker productivity has gone up tremendously. We have more efficient machines than ever, factories, computers etc. But still we cant afford basic neccesities...

[@Travis-hp4jr]

we are leaving the tenants of western civilization. this is why this is happening.

[@comradesillyotter1537]

More efficient workers = fire the new 'excess' workers

[@amyshoemaker5770]

​@@comradesillyotter1537and the upper managent . Most importantly the CEO'S

[@LewisKindrick-r5n]

Part of the rise of college tuition is that they're now paying their football coaches upwards to $10 million per year, not to mention all of the coaches under him. Hope the college students are enjoying the game!

[@RealHomeRecording]

The administrators also get a ton of money too

[@craig6363]

Nah, the big part of it is that these state institutions are becoming quasi-private institutions. They are receiving meds money from state tax payers.

[@soldierofgodrick2445]

The coaches making that sorta money are running programs generating billions in tv deal revenue, theyre self sufficient. It's the non revenue sports like golf and lacrosse that eat into subsidies

[@BOSSDONMAN]

You're talking about universities that have billions in endowment. The problem (similar to healthcare) is the amount of admin bloat there is in it.

[@lawLess-fs1qx]

University of Florida sacked all their DEI staff saving 50m a year. Once the Gov guaranteed college loans there was no upper limit to costs.

[@midnight816]

I’m literally 8 and already bought my mom a house. Just work harder lol

[@nguyenductien9098]

on minecraft you mean

[@Dominicano809_]

@@nguyenductien9098haha

[@amyshoemaker5770]

​@@nguyenductien9098yes with virtual reality which is the future. 😂😂😂😂

[@AshrafAli-qs6ep]

Most of us need more than 1 job nowadays to just survive

[@amyshoemaker5770]

And most of the people will get sick from working 2-3 jobs and spend all the money on doctors and treatments

[@AshrafAli-qs6ep]

@@amyshoemaker5770 right at the point 😔

[@Pb9098_]

Where do you live? I'm in the midwest and don't know anyone with 2 jobs. Alot are living beyond their means but no one here is working 2-3 jobs. Unless you're on the west coast or new England or maybe in Chicago. This isn't normal

[@fintherebel5000]

I had to move back into my parents place during the pandemic cause my rent went from $650 a month to $800 within the span of 2 years (2020-2022) and i lost multiple jobs cause the managers wanted to hire someone that would take a lesser wage.

[@magdog208]

I really feel for the younger generations. I'm a gen x'er, 'middle class' and I've lived paycheck to paycheck my whole life. It's only going to get worse. 😩

[@TL-rh1lf]

What if your parents kick you out at 18? Not everyone can live with their parents in their 20s 30s 40s

[@dusanstojsin4938]

Well, if you don't have enough money saved up or don't have roommates to live with, you're just gonna be fucking homeless in todays economy, although I feel like most parents nowadays would let their child live with them after 18 because even they see how fucked the economy is and no parent would want their child to be homeless (and if they're okay with their child being homeless, they should have never had kids imo)

[@joefer5360]

@@dusanstojsin4938 Look at the amount of people drugged up n' homeless, and then think about your statement. Most parents are more callous then an oil rig worker's hands.

[@Swedish__]

Join the military

[@thetapheonix]

Show your butt hole on OF and make millions.

[@joefer5360]

@@Swedish__ Fight the bugs. Become a citizen today! :)

[@Axel-n8n2m]

The largest problem with this stuff is that seemingly no one is willing to listen to your complaints. Like, we don't even understand how the economy functions, and our system doesn’t educate us to think around or above it. They want us to be successful, yet they shame us for our inability to thrive in an environment that is clearly not suited for us. There have been tons of people out there whose ideas and solutions were quashed merely because this social structure refuses to change. Odd how they expect us to adapt, yet can't seem to do so themselves.

[@kevindahlenburg2528]

You will own nothing and eat the bugs and be happy. The leftist endgame

[@michaelplunkett8059]

Govt student loans were a con game for the colleges. "Just keep hiking tuition, they can get a loan for it." Before that program, if they tried to jump fees, they'd be out of business. Uncle Sugar changed it all.

[@this_epic_name]

Gen Xer here, and it's not just Gen Z that feels the pinch. It's everyone other than the boomers and up (and even a lot of them are feeling pinched). It's probably a sliding scale in terms of objective financial wellness, but from a mental perspective, I think just about everyone is feeling that the present situation is garbage. Millennials may have been able to buy a starter home, but if they want to start or expand a family and up-size, they're sorta stuck right now. Gen Xers who felt they were on the right track toward retirement -- maybe even feeling like they were on the downhill slope of their time in the workforce -- are now having to muster up their "little engine that could" as they see their plans get pushed out 5-8 years or more. I sympathize with the younger generations (I mean, who doesn't have a kid, grandkid, niece, nephew or other younger relation?) b/c that brick wall of reality hitting you between age 18 and 22 is now so much thicker; the hill they've got to climb is so much steeper. And the sorts of strategies emerging now (like adult children living with their parents longer to save up) are going to change our culture and our economy. And here's the kicker: those changes will be permanent and will forever change the face of America. The trajectory and major markers of the life of a person who "makes it" will look different going forward.

[@0hffs]

In politics, I blame BOTH political parties for kicking the can and all of the previous generation's issues. There have been WAY TOO MANY hands in the cookie jar on both sides of the political aisle and the SCOTUS ruling in favor of CITIZENS UNITED is just one of many things that have allowed our politics to go unchecked.

[@naeroled]

sure, buddy BOTH parties lol.. when one has explictly been the party of big business since the late 1800s... ahh I see, probably the party you've been indoctrinated to vote for huh.. No wonder you say both sides blah blah

[@epicphailure88]

Citizens United was also under the guise of free speech such just like Patriot Act was for national security.

[@DaveDDD]

I’ll give you three guesses which political party gave us the Supreme Court justices that are responsible for the Citizens United ruling

[@0hffs]

@@DaveDDD lol REPUBLICANS!

[@mistermoo7602]

Stop saying "both." Politics is more complex than just a two side straight line spectrum.

[@turtle_jones]

Low 30’s millennial here. Graduated HS just in time for the 2008 recession. Grew in a career just in time for Covid. Two crap events to set the tone of the first two decades of adulthood. Feels bad man.

[@lurlenebarnes7491]

same

[@JetScreamer_YT]

80 years ago parents bought their kids a house when they got married. Today generations are all under one roof. I'm 54. I have a 780 credit score, and a down payment. I'm priced out because of an interest rate! A 780 score, and 6%?! Before the pandemic, condos were plentiful. Affordable. I did what I was supposed to do. American Dream my foot

[@lunam7249]

it has always been a lie

[@dougdimmadimsdale9571]

Can't afford a living room so I guess I'll just die...

[@amyshoemaker5770]

That is exactly Agenda 2030 designed for most of the people

[@amyshoemaker5770]

Wow. KZbin "factcheckers" didnt like my comnents

[@amyshoemaker5770]

And They keep deleting and deleting and I will keep posting and posting

[@amyshoemaker5770]

WOW!!! AGENDA 2030

[@cheshire_]

sucks to say but I feel a coming rise of unaliving between 20-30 years old in the coming years, no point in living when you can barely scrape by, let alone actually enjoying life with hobbies and stuff unless something happens and things become affordable again, but I doubt, profits over people right? honestly I feel like this is the only reason medical assist unalive has been legalized in canada, they know what they're doing lol

[@jimgutt749]

You might want to check the graph at 2:50 -- in the first column comparison, the 2024 amount is off by maybe 100% of the 1980 amount, but worse by far is the third column comparison (rents), where you state that they've increased by 700-900% (ie, 7x to 9x), but the amount shown only increases by about 14% (~$100/yr). To be 7x, the 2024 yearly rent will need to be around $5k!

[@hayleyhellbound9513]

The house and picket fence has been replaced with an apartment and a cell phone with internet access.

[@Snagger__11]

“You can not let them win” is one of the RAWEST things I ever heard on YT. I teared up to this no lie. Thanks for another Hastings BANGER video 🎉

[@ThaiLifeChronicles]

The American dream still exists, but many people lack financial literacy and don’t have the desire to learn how to manage their money. I don’t have a ton of money, but I’m doing very well because I’ve taken the time to understand how to handle it. It’s also worth noting that the cost of homeownership and schooling has skyrocketed because of increased government involvement. Prices for education soared when the government started backing student loans, and the same goes for housing.

[@emberembr2944]

All reservations about the dream aside, the main issue is that there's currently swaths of the population who are in the only job they could find and barely not homeless. I don't think most people in this situation are bad at handling money because the stakes are way higher for them (like how people with skin problems generally know more about skincare). Paycheck-to-paycheck with optimized finances is a rough place to be because there's almost no chance of you being able to get a merit-based pay increase in any way and therefore almost no chance of saving any money unless you get lucky

[@Halfpastlife]

Me and my around people dont buy anything american goods anymore because of world state. another countries are already have bad economy and more people became not be able to buy even a cage instead flat

[@ko7772]

The American dream is about the freedom to strike your own path, individual liberty. Not a house. But our individual liberty is being crushed, too.

[@rattlehead999]

Homes in cities where there are many jobs and many types of jobs actually cost 9-12x the median yearly salary, it's 7x if you look at places with next to no population and work. Back in the day when we weren't so centralized that wasn't a problem.

[@rattlehead999]

@nicolasgirard2808 The funny thing is that my country has went from 10-11 million population down to 6.5 million from 1991 to 2024, while having 3-4x more homes in cities compared to 1991, yet the home prices relative to the median salary are 9-12x as well. 36-40%+ of homes in cities are empty. It's not supply and demand. It's companies and rich people buying them out, or straight up building them and then using algorithms to determine the maximum price they can get, which is a gray area, but technically price fixing...

[@rattlehead999]

@nicolasgirard2808 Bulgaria

[@rattlehead999]

@nicolasgirard2808 Bulgaria.

[@rattlehead999]

@nicolasgirard2808 Bulgaria

[@furiousdestroyah9999]

Every day I ask myself: is money really all there is to life? that's all people talk and care about, while I literally cannot care less about it

[@MrEinJulian]

no its not but it is realativ to a lot of thing you need to be and stay alife. but life is not about just staying alife......

[@theodis8134]

It's not that people care about money directly. We've just commodified the things needed to survive so people care about it to the extent of wanting to live securely and comfortably.

[@jessicacox2005]

Your statement makes it clear you're not living in poverty. People start caring about money when they can't eat or afford to have heat in their house. If you've ever been through that, then you would know.

[@Laedeydra]

@@jessicacox2005 I've lived in poverty all my life and I hate money because it rules the world and it's impossible to live without it. You're forced to be a slave just to be able to live. In this world money does in fact buy you 'happiness'. We're the only animals on the planet that have to pay to live on it.

[@Jake-mv7yo]

@@Laedeydra I grew up "poor" but when I got older I realized my parents weren't poor at all they were just cheap. Now I'm older and also live like I'm poor as in I live in a cheap house, have a cheap car, eat on the cheap and so forth. I make a poverty level income but my income is from interest payments from CD's and treasury bills. Money doesn't buy happiness directly but it sure gives a fertile environment for it to grow. I have all sorts of time which is necessary for happiness.

[@HomemakerDaze]

My mate had to rent his farm house out and move 3 hrs away to a big city for a high paying job cause he couldn't afford the mortgage increase. He probably cant afford to go back to the farm for at least 3 yrs!! But I'm glad he didn't lose his farm yet.. 😢

[@corinth1121]

He isnt....betting the farm🎉😂

[@KayFabe87]

The Labour Party that is in power now will probably force him to give the property to some migrants in the name of “equity” and “justice”.

[@CFlandre]

​@@corinth1121Take your thumb-up and get outta here!

[@ridethesynthwave]

One thing you didnt mention is the attack on fossil fuels due to fear of climate change. All the regulations, red tape, and attacks on the industry have basically increased the price of all goods. Everything gets transferred around by machines that use fossil fuels to run. Companies use fossil fuels to keep their physical locations running, and they use fossil fuels to create products as well. When most governments in the world are attacking the industry, it will raise prices drastically, and the companies pass that cost off to the consumer. Whether you believe it is right for the world doesnt dispute the objective fact that everything is so expensive because of our world governments attack on the main energy source that runs the world.

[@rps1689]

It is inevitable that petroleum will not be used for most small mobile transport, as even oil majors know petroleum is too valuable to be wasted on gasoline and will be need it for our grandchildren to use for for plastics, paints, petrochemical feedstock medicine, etc. Even the Saudis know fossil fuels were a free ride and a party; someone has to clean up after the party. Some of that attack stems from those upset that that the fossil fuel industry monkey-wrenched the nuclear industry not to mention their three decades long anti-science campaign. Coal and oil have driven Western industry for over 100 years and our way of life, but we owe that industry nothing now

[@closetmtg8029]

This is what happens when you recklessly print money. Too much Government spending has caused this issue, period.

[@thetapheonix]

Yup we send money all over the world and take money from productive people and give it to nonproductive people. Then we all have a pikachu face when the economy stinks.

[@justacoginthefkery]

​@@thetapheonixexactly! US is no longer a capitalist country. It shifted to capitalist oligarchy where the few control the financial majority. They raised prices because they could, siphoning as much as possible out of the lower & middle classes while giving minimal back in wages. Capitalism requires a reasonable distribution cycle to be sustaining so that ppl have enough to not just live but a little extra for recreation & investment to build the economy. With the higher classes now taking & keeping more, the system has become top heavy while the foundation of the lower class is weakening. What the rich don't understand is when the foundation finally cracks, they're gonna fall right along with the rest of society.

[@David_Brinkerhoff93]

That's not the real issue. Getting one level deeper was getting off the gold standard and if you want to go even deeper, look into legal tender laws.

[@BlyatimirPootin]

Citation needed.

[@YBM2007]

​@@thetapheonixPumping that money into the domestic economy is exactly what drives inflation

[@titancat2487]

I hate seeing these videos talk about the current average income and knowing I’ve never even come close to the “average”. Working my life away for less than what is supposedly average and it only seems to get worse from here

[@oroville12345]

Not in a recession you are correct sir... We are in a depression.

[@RemiCyril]

Fantastic video🔥🔥! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??

[@BenRaymond-zg5fw]

Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong. .

[@FreyaFlorence-p2g]

Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies

[@FreddieArthur-w4s]

I think l'm blessed if not I have met someone who is as spectacular as expert mrs Janet.. Highly recommended🙌

[@OrsiVlad]

Wow, I'm surprised to see Janet mentioned here as well. I didn't know she had been kind to so many people

[@craigOisin]

I'm also a huge beneficiary of her.. I thought myself and my family were the only ones enjoying Janet trade benefits

[@ivancaballero5123]

the cost of houses should be similar as cars, I mean they have to depreciate as the time goes on.... just greedy people.

[@bodhixxx1]

I agree with the exception of certain locations but normal homes in "boring areas" should like you said go down in value as years go on, old boomers bought a house in their 20's farted in it for 40 years and sell it for 15X the amount.

[@nicholasgutierrez9940]

There's a difference between land and property. When people say they are buying a house, they mean the building plus land. The actual house isn't expensive, it's the land. Since most people live in cities, land is always limited. Unlike condos, where you only pay for the unit. Add in everything else and it's pretty bad unless you already have some.

[@MikoyanGurevichMiG21]

@@nicholasgutierrez9940 Singapore's housing scheme workss but it would be herculean to try and do it beyond a city state.

[@BLACK80085]

@@nicholasgutierrez9940 still though it should so theres no stunts like that

[@austinbaccus]

The house *does* depreciate. But the land does not.

[@Tie509]

Absolutely live at home as long as possible. Only in America is it normal to kick out children at 18. In most cultures in the world, that is not normal. Nobody important will sing you praises for getting into debt and having no savings by moving out as young as possible.

[@DaliTaliani-wz4ti]

For a long time, the idea of achieving long-term financial security felt out of reach for me, especially since I started contributing much later than most. I realized that relying on ETFs alone wouldn’t be enough for me. After some research, I found a strategy with a better approach that helped me retire with $6 million. Just sharing my experience, I know everyone’s journey is different

[@Joe900-px3nt]

It’s worth noting that luck often plays the significant role in investing, sometimes even more than the resources involved. Without it, its challenging

[@DaliTaliani-wz4ti]

I agree, luck plays a part, especially early on. But I’ve noticed that when results stay consistent, it’s usually due to more than just luck. I had a hard time cutting through the noise myself until I came across Emily Ava Milligan, a fund manager. Her strategy helped me understand how to balance risk and growth, and contributed to growing from 500k into this, and counting.

[@Joe900-px3nt]

I did a quick search of the name, and found her page. I've sent over a few questions, I’m curious to learn more. I appreciate that you pointed that out.

[@Augustborne]

God damn bots

[@sarahjesso8929]

My sister is a hard worker struggling all of her life now that everything has gone so out of control with pricing increases , dealing with cancer and depression she is off work at 63 and soon to lose her home. I'm so discussed with this money hungry world . What has happened to humanity 😞

[@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.

[@Justinmeyer1000]

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.

[@brucemichelle5689.]

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.

[@KaurKhangura]

How can I reach this person?

[@brucemichelle5689.]

’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.

[@KaurKhangura]

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.

[@highsol222]

Finance black pill; Most of your wealth comes from how much you’re making now and what you’re doing to make that money now. ie, if you have a youtube channel with over half a million subs you can easily just tell everyone to invest and work on their dreams, then move on with your day like nothing.(no shade, this is just an example) If you have it bad however, the entire burden to change the situation is on you. And in the meantime you have to work bottom of the barrel jobs, and/or work for terrible leaders in order to survive.

[@econ0003]

If you aren't making enough money it is up to you to change that. There are a lot of high paying jobs out there. It does take a lot of hard work to obtain those jobs. Most Americans aren't willing to put in the effort, that is the problem.

[@mistermoo7602]

​​@@econ0003 Most are more than willing and excell in work ethic. It's just that employers don't want to train, will only run understaffed, and will only hire the dumbest and most easily-manipulated people these days. Anyone with self-respect or skills is filtered out.

[@econ0003]

@@mistermoo7602 you can't rely on anyone else to train you or improve your skill set. You have to do it yourself.

[@mistermoo7602]

@@econ0003 I'll write it again I know reading is hard. Employers will only run understaffed, and will only hire the dumbest and most easily-manipulated people these days. Anyone with self-respect or skills is filtered out.

[@econ0003]

@@mistermoo7602 what you are saying is not true at all. My employer, my wife's employer, most people I know aren't working for an employer like that. If you are working for a employer like that then leave. There are plenty of good employers out there. If you don't have desirable skills you won't have many options though. That is why you need to work on having a desirable skill set.

[@winterfreshification]

Most of my friends who are financially doing "well" at my age(28) either live with their parents or have free housing from inheritance or living with a friend who has. Housing is the single biggest contributor now to people my age struggling. I make nearly double what these friends of mine do but we live about the same lifestyle cause I have to spend 2700 monthly on my mortgage. The only way I could've bought a house anyways was from the VA loan.

[@AlderaansRanger]

The VA loan is a lifesaver. Gonna use mine after I finish college.

[@ethandouro4334]

As a Brazilian, I would say that having a job and living a minimalistic life as possible is the best option for those starting their lives

[@ytubeanon]

it just seems so weird that the official and professional ways of measuring the healthiness of the economy seem to only reflect the top 1%, how statistically does that make sense

[@skylinefever]

Lies, damned lies, and statistics. The media comes up with all kinds of shitty statistics to say life has never been better.

[@MrHDProd]

we are cooked guys 😭😭

[@dn8226]

@SammyC-ro5jqbruh i do none of those things yet still cant see a future here without being born anything below middle class there’s other draining factors that make it impossible to move if you didnt already start with a supply of money, the pain of repair costs (that i cant seem to run away from) , car costs, housing, and in general it seems like employers are being much more stingy with the money at lower positions now because everyone is fighting over them. you can’t admit it’s generally gotten harder for most people nowadays?

[@sb5421]

One of the reasons I dropped my economics major was bc I felt like the economists couldn’t read their own story right! “Diminishing marginal utility”, “diminishing marginal productivity”-these were phrases ingrained in my memory during my 101 Economics class-but to make the connection that WHAT WAS EASY IN THE PAST-the growth of service and office jobs, the growth of wages, the building of apartments and homes, (the building honestly, of anything!-have you heard of the 1.7 million dollar public toilet that they paid for in San Francisco?), the expansion of state schools and in general of post-secondary education, of colleges and universities-all these things, all this stuff, as time has gone on, as we have filled the world up with highways and office parks and strip malls and the like, and as we have *thoroughly designed* the world to be one great Engine of Profit and Machine of Capitalism, HAS BECOME HARDER. But of course it has! The law in economics that makes it easier to buy in bulk is paid for by an opposite law that makes it more and more difficult, as scales increase, to make manufacturing in bulk any more efficient. At first, doubling really doubles but like all exponentials, which one way see an infinite increase, *the other way go to 0.* (Asymptomatically, of course!) Well, we have now just about GOT TO 0! We have, for example, by increase in tuition and student loans all but starched the value out of a college degree. College is now only worth it “for the experience!” I do not say this bitterly. I speak factually. College was worth it to me, _for the experience._ And for little else. (And yet, fool that I am, I would do it again!-much rather than go back to work on Monday! 😮‍💨) Better days await us, I am sure, but we must be the ones to make them better. That-and not this innanery of office work must be OUR EMPLOYMENT, this generation’s duty and service to the world. “Oh, but it is not our responsibility to fix what we did not break!” the doomers cry! ‘Who then?’ I answer. ‘Shall the aliens do it for us?‘-Oh no, what am I saying, they are hoping the Good Ole American™️ method will work-‘thoughts and prayers.’ They are hoping thoughts, prayers-and most of all complaints will do the work! (Well so long as all they do is complain, we must hope they are right!)

[@thetapheonix]

That because most economics is taught by Marxists who know nothing or Keynesians and are just wrong.

[@corinth1121]

Gr8 thoughts about economic stuff, it's also fun to know the walmart family is worth 100s of billions of dollars....the wealthy are stratospheric over the rest of the 99%🎉 eek.....

[@booglog]

Hey man if theres one thing ive learned as ive grown older is that even so called "experts" often times dont know what the hell they are talking about... any student of economics will learn that the modern solution to all economic issues is to throw more money at the problem until it goes away. Well if you've read about how FIAT currency systems have ended in the past then you know how this will all play out.

[@xenochrist15]

4:11 Man I just want a doctor that can treat a health problem and not just the symptoms.

[@poorfinnishpeasant911]

I've worked my job for 5,5years, now they put me as a part timer because of automation. I've sent over 40 work applications to similar workplaces to mine, i have not heard from any of them. i also gratuated with 4.5/5 score in my trade degree, im 25. so the meme: you just need work experience, is not true anymore. Good degree and recommendations from my old job are not enough. i feel like the system is gonna crash.

[@fintherebel5000]

The only place i've seen so far that pays "decently" in my town is a small grocery store that pays like $20+ an hour but they rarely ever hire anyone and everywhere else underpays or fires you for the smallest thing even if its not your fault they'll still fire you and put the blame on you, No one wants to work anymore cause the pay is shit the managers/bosses treat you like a replaceable piece of machinery and when you ask them for a raise they either laugh in your face or act like you are being entitled for simply wanting to live, And don't even get me started on trying to put in for off time/vacation, That is why i went freelance.

[@WhatIsATurtle]

Just a quick note 5 trillion was not printed for stimulus checks the amount of money printed each year is public information. 2023- 162.4 billion 2022- 267.1 billion 2021- 319.7 billion 2020- 216.1 billion 2019- 173.7 billion 2018- 265.2 billion. Source is federal reserve

[@laughoutmeow]

I would be f-ed if I didn’t get a massive inheritance

[@sam9657]

The answer is simple, its the Federal Reserve.

[@amyshoemaker5770]

That is so true The privitely owned Federal Reserve

[@amyshoemaker5770]

You are SPOT ON

[@skylinefever]

Money printer brrrr destroys everything every time.

[@wonthangsoop]

Crazy how a heavy focus on the wrong thing can completely ruin your life. If only I started a youtube channel in 2020 instead of focusing too much on the stock market and other crap, I'd be big chillin rn. Learning about the stock market in 2020 was so backwards. It'd be like learning how to golf in the hood, lmao.

[@mechkapechka]

Same with me bruh ... From all the things I couldve done in the lockdown 2020 (I'm a tennis coach and got basically frozen dead) I entered the stock market and began learning about investing/trading on IB What a stupid decision.

[@wonthangsoop]

@@mechkapechka So you know my pain. Such a bad decision in hindsight. Before investing one has to drastically increase income first.

[@mistermoo7602]

Fun Fact: Golf was originally a peasant sport called "Colf." It was played in the streets by poor working class where the golf ball bounced chaotically off of the sides of buildings, and even against people's noggins sometimes. Make "Hood Golf" real again.

[@robertm8734]

we would have been in a recession if the current administration didnt change the definition

[@ZeusWillBack]

Truth is that in 1989 it was much harder to spend money. Like you would need to go to shop, and pickup something. Now, with internet you can buy whatever you want in 5 clicks.

[@BOSSDONMAN]

Idk how anyone can look at the graph at 1:29 and not think this is an incredibly manipulated metric.

[@hellogoodbye637]

We were actually lied to about the unemployment rate over the last two years

[@JuanChavez-og7ru]

*Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Susan Jane Christy ❤️*

[@hdtvqxzjrldhsin]

Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God

[@SamanthaCook-l2r]

Thanks to my co-worker (Carson ) who suggested Ms Susan Jane Christy

[@SamanthaCook-l2r]

She's a licensed broker here in the states🇺🇸 and finance advisor.

[@DylanSanders-be5tt]

After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.

[@JoseCampbell-to3ol]

Wow, that's nice. She makes you that much!! please. Is there a way to reach her services? I work 3 jobs and trying to pay off my debts for a while now, please help me.

[@grantbeerling4396]

Cole, you seem like a nice guy. Rather than an essay, 3 books. Thomas Piketty; Capital of the 21st Century, why the calc r>g led to the chaos of the early 20th Century, but also once tackled led to Capitalisms (though, in reality, a mixed economy) 'Golden Period', and why we are reverting back to the issues that led to said 1900-1946 issue. Brett Christophers 'Rentier Capitalism' further explains the different types of rentier capitalism and why it's so destructive to the middle class. Finally, Mariano Mazzucato's 'The Value Of Everything' is the most accessible read of the three and is a real revelation of the 'value' of money, with loads of analogies of corporate greed and manipulation, with some interesting conclusions. Piketty and Mazzucato are on Audible.

[@dexterspeights3484]

$100k in NYC > USA is classified as working poor after taxation by IRS!

[@flobba123]

im like 32 and something is weird when its impossible to even get a job at mcdonalds, Gonna aim to get my first paycheck when im 33 and then get my own house or apartment.

[@justacoginthefkery]

Even jobs have been turned into commodities. Online job sites allow companies to pay memberships to keep listings up indefinitely which allows them to say "see, we're adding to the workforce" & makes things look more hopeful. I worked a few places that would keep their listings up just so they didn't have to bother with it so I know it's common. Problem is thousands are unknowingly competing for "ghost jobs" that don't really exist in that moment. Plus companies started slowly dropping their starting pay by $.50 -1 to reduce costs & increase profits. On paper, it looks like average pay goes up, but reality is the ones at the top are able to keep more per employee while the lower peons make less.

[@CozySER]

Nobody wants to hire you if your first job is going to be at 33 .... wtf went wrong in your life?

[@Dean1000...]

They told me invest. I ask them what? I earn average salary and can barely sustain myself. 😅

[@ericluu7005]

Ive been watching you since i was in sophomore year of highschool and i feel like your content influenced me to do better and snap out of my bad habits. I am now 20 years old in college, i go to school, i work part time 20 hours a week, and i i work out pretty consistently in the gym. Thank you.

[@_permanence]

One word: Neoliberalism.

[@obiomajronyekwere4469]

bruh. Conservatives brought about this duh. Its clear as day.

[@Thanos88888]

@@obiomajronyekwere4469 Conservatives are the definition of neoliberalism. In the USA, both Dems and Repubs are neoliberal. In Canada, the Conservatives and Liberals as well as the NDP to a degree are all neoliberal parties.

[@obiomajronyekwere4469]

@@Thanos88888 oh

[@obiomajronyekwere4469]

@@Thanos88888 sorry

[@Zero01k]

The funny thing about the Federal Reserve, it's neither Federal or a Reserve

[@jeskedjian]

Carlin was right. It's called "The American Dream" 'cause you have to be asleep to believe it. If you want to know why everyone who isn't rich af is struggling, examine income inequality and social mobility alongside their corresponding metrics (educational opportunities/intergenerational poverty cycles/home ownership vs renting etc)

[@Mrojventura]

Love your content but, This isn’t about blaming the Boomer generation; it’s a global adjustment happening worldwide, influenced by the U.S. and the progress of developing countries. These countries are developing in a way that’s making it increasingly difficult for the U.S. to raise salaries. Companies can now hire similar or equivalent talent outside the U.S. at a fraction of the cost-sometimes resulting in a major reduction of up to 70 percent compared to U.S. rates. The U.S. was victorious and on top for many years, but now, there’s a significant adjustment. If you’re making $80,000 in the U.S., you’re in the top 90 percentile of the world’s standard of living. In some developed countries like Mexico, a salary of $30,000 to $40,000 can offer a lifestyle comparable to a six-figure income in the U.S., highlighting the vast differences in salary and income worldwide

[@hepwo91222]

video brings up many valid points, but also what people spend money on has changed through the generations. Back in 1980 the only subscriptions were for a newspaper or magazine, other fixed costs like gas, water, electricity, phone (landline), etc. Nowadays, expensive cell phone plans where many upgrade their expensive smartphones every couple of years too. Many community colleges were free in 1980 and not as many people went to college. I don't remember coffee shops everywhere in the 80's, but people now spend $7 for a cup of coffee everyday.

[@mike_r91]

With every video you made one can really see your evolution as a KZbin creator. From making videos about self help to social-political arguments that really resonate with me as a viewer. Thank you so much Cole for staying consistent on this platform 🙌❤️

[@ColeHastings]

Thanks for the kind words. I'll continue to evolve over the years, and I'm glad you're still here

[@Hath.0]

Alot of these issues are exacerbated by an influx of people coming onto the country. Soaking up tax payer funder resources. Also leading to a higer demand for housing, jobs, medical services, etc. Not to mention wasteful gov spending, endless wars, billions annually in forgien aide. In the 50s-60s a single income family used to be able to afford a home, car, send the kids to college, take a vacation and retire comfortably. Now a majority of the working class is unable to own a home, let alone have a child or retire at all. Hellalot of people are struggling to afford rent and live paycheck to paycheck.

[@skylinefever]

Absolutely. Bringing people in screws up supply and demand in real estate and employment, and all the establishment politicians know it. Screams of racism and xenophobia are a smokescreen.

[@OneRadicalDreamer]

We need to stop measuring numbers and start looking at percentages. It's costing a lot more to buy the same things.

[@maladyofdeath]

Try working 60 hours a week and getting told by your boss that you are getting promoted, only you just get more responsibility for no pay increase.

[@baronvonjo1929]

Im 23. I guess Im kinda happy. But if I really think about it the future holds nothing but despair. I let that hold me back for a long time. It just gets tiring. Im just curious what will happen at this point. But overall I know there is nothing waiting for me after a certain point. Ill never get a good job, never be able to be financially secure, and never own a house. Also just everything gets worse. I walked into some ugly carboard houses costing 400k near me and you can see light under the walls from other rooms. Paying 400k dosent get you quality. Cars are more expensive than ever and just basics like a key or the light going out costs hundreds of dollars now because they are so compelx. Food quality is down making cancer rates in young people higher. Infrastructure is super bad. Entertainment of various areas is really bad and a joke. Like streaming and video games. Our culture is fundamentally broken in so many ways too. Here in the US we top the world for most fatherless kids. Community is gone and people are depressed. Etc etc etc etc. Literally, every industry and genre you can think of has just gotten worse for the consumers. I definitely have money to invest but I have no idea how and I dont trust any scammer to tell me how. It always sounds shady and risky. Risking money on the stock market is such a dumb idea when your so financially insecure.

[@jamesgravil9162]

"Literally, every industry and genre you can think of has just gotten worse for the consumers." ** Games and movies. Okay, there are _some_ good videogames and movies now and then, but nothing like in the 80s and 90s. Almost everything is a sequel, remake, reboot or spin-off of something that came out decades ago.

[@comradesillyotter1537]

At what point is class war appetizing

[@z7sk]

@@comradesillyotter1537now is probably a good time

[@katplays01]

Let's not say that, let's be hopeful maybe you can have a house, car in future!

[@katplays01]

Agree with ya, I don't trust scammers!

[@sadbeanxx]

I remember the day before spring break of sophomore year (2020), we were all joking about how we weren’t gonna come back and we were gonna get a long summer. if only we knew then what it meant for our futures. I’m honestly super bitter about it. never experienced a prom, graduation, I’ve been working full time since 16. I feel like I lost my teen years. and now, I fear for my future.

[@rafiy7150]

chile has been the example why govs should care about its middle and working class

[@xylorp]

your videos are so authentic and relatable, thank you!

[@dodhethompson4841]

Something that a lot of people don't like to admit: boomers didn't do this In fact when you're looking at the actions that bloomers took boomers out of every single generation did more to stop this than every generation before or after them including us The problem was, whenever boomers tried to fix this and make the world better for their future kids, the government came in and crushed all of their attempts Don't get angry at the boomers, get angry at your government

[@Illuminatisevil]

Causing division between generations is another Marxist technique🤫

[@KaelGen]

5 minutes in and I heard about you delaying dentist apointment: PLEASE PLEASE PLEASE go get it done! I have delayed myself, more due to anxiety about dentist and after a few years the results are grim: a good number of crowns, partial crown, 4 teeth pulled and about to get an implant to replace a molar that is now missing ... needless to say the cost is also way higher than if I had just gone and had the small little bits and bops done 4 years ago please don't delay your teeth checkups

[@Dodo-fd9er]

Despite all this people still call me stupid bc I want to move beyond capitalism. This system has nothing to offer young people amymore, we need societal change

[@alexzanderroberts995]

What we live in is an oligarchy puppeteering a democratic capitalist society

[@skylinefever]

Heck, when was the last time we had capitalism instead of cyberpunk cronyism?

[@Dodo-fd9er]

@@skylinefever it's the same. A free market always leads to monopolies as a few companies will always come out on top. What you call cyberpunk cronyism is just late stage capitalism.

[@alexandraalmeida7700]

Some things I noticed that I feel are important to point out: the gdp was growing, but it was mostly because of inflation and not necessarily because it was actually growing. The unemployment was low, but it’s because whoever created that chart is counting gigs as employment. So, if you started doing doordash to gain some extra coins while you’re studying, for instance, you’ll be considered employed although you don’t have a fixed income nor any protection that comes from working at a company. I’ve been following the updates of a few economists on this subject and it’s very clear that a few recession marks have been crossed but it still takes some time before the government/FED/whatever decides to tell the public about it. Some even say after the election, and it would be normal and expected. The cost of big inflation that came from printing money and all of those government aids are gonna have to be paid some time soon.

[@user-xn7it9bg4n]

Congrats 💜 to you and your fiancé.

[@ColeHastings]

Thank you