What Will It Cost to Live in 40 Years?

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Are we headed toward a cashless society where debit cards are for old people? We don’t know what the future holds, but George and Rachel take a guess and tell you why you don’t need to worry about the future of money. Plus, we’ll dive into which past future predictions were totally ludicrous and which ones were spot on.
In this episode:
• George and Rachel talking about the future cost of weddings, homes and your favorite lattes (and how we’ll pay for them)
• The reason George could never get away with committing a crime
• What futuristic ’90s movies predicted the world would look like today
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• Watch this Walter Cronkite clip: / 1576525269925781504 "
Do you have a Guilty as Charged question for Rachel and George? Send a DM to @rachelcruze or @georgekamel on Instagram! Be sure to type “GUILTY?” at the top of your message so we don’t miss it.
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This Week’s Happy Hour Special: Vieux Carré
Ingredients:
• 3/4 ounce rye whiskey
• 3/4 ounce cognac
• 3/4 ounce sweet vermouth
• 1 to 2 dashes Angostura bitters
• 1 to 2 dashes Peychaud’s bitters
• 1/2 ounce Bénédictine liqueur
• Cherry (for garnish)
Instructions:
Add the rye whiskey, cognac, sweet vermouth, bitters and Bénédictine liqueur to a mixing glass with ice. Stir, then strain into an old fashioned glass over fresh ice. Garnish with a cherry and enjoy!
Pull up a chair to the happy hour you wish your friends were having. Mix two money experts with some hot takes and a splash of nostalgia, and you get Rachel Cruze and George Kamel talking unfiltered about what’s going on in the world, pop culture, and how to afford a life you love.
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[@teresateresa8933]

In the 70’s my parents grocery budget was $50 per week for a family of 6, for everything including meat most nights. In the mid 60’s they paid $17,000 for their home, current value is 1.2 million. Just an idea of Toronto, Canada prices.

[@eegernades]

People can't be shocked that many are struggling nowadays. 100% it's gonna get worse in 20 years if it continues down this path its been going on since Reagan took office

[@Johnnydhee]

Sadly looks like the US is starting to follow Canada's path as far as home valuations.

[@eegernades]

@@Johnnydhee people keep voting on self interest and vote to keep home values up and growing because housing is viewed as an investment. Not a good idea.

[@jlkkauffman7942]

My dads total salary when they got married in 86 was $50 a week

[@teresateresa8933]

@@jlkkauffman7942 no way that’s possible if working in the us or Canada I was making over $12 an hour in 1986, in Canada, full time employment, 40 hour week. So your dad was making just over a buck an hour?

[@alessandrad7336]

This was the best episode yet! 😂 I love off the rails George and Rachel 🎉 4 minutes in and I'm belly laughing at the 7 year old Dave impression. 😄

[@nikkibadzik3948]

The baby Dave voice!😂

[@ryanthesetter]

The episode just started and I'm chuckling already. Them teasing George about how he says the name of the drink😂. Gold👌🏾

[@elivasquez5976]

Rachel not having it this episode with George is hilarious. Pure Cinema.

[@LadyMatriarch.]

This is NUTS!!!!!! My husband and I watched the whole half hour long original clip LASTNIGHT!!! Crazy…

[@andrewsusen3154]

Heres a few for you all; -Stores will no longer exist. Everything will be delivered to your door and Warehouses will dot the landscapes. -TVs will be a part of the wall - Computers will be able to function by thougjt instead of voice, may be in development. - There will be some sort of Universal Base Income since jobs have been automated and population as increased to much. - Large Farms will look more like labs, likely in a skyscraper

[@GwenMotoGirl]

I love this podcast! I’m enjoying binge listening. One thing not mentioned: mortgage interest rate in 1982 was 16%. Ask me how I know 😂. 1983, the rate had dropped a tiny bit.

[@zerptwerp6445]

2:21 Omg, I love the baby Ramsey! George could have easily been a stand-up comedian.

[@lauriemansfield905]

I love this episode about our lives 40 years from now! I am on disability and social security! I have some put away but not very much since I started late in my career! Am trying to make it just on my SS and disability, am kind of sweating it out!

[@karenhoward8542]

In my youth, milk was $.18 per quart, and gas was $.35/gallon!!

[@TheSimpleLife-Vlogs]

We need an unedited version please!! All the outtakes!

[@marciafischbeck7653]

That was a good closer George! I'm just doing my part for the ol' algorithm, but keep up the fun shows you two.

[@theorderofthebees7308]

I think the idea of privacy is going to be something that elders talk about more young people are going to be willing to share easily for convenience

[@GwenMotoGirl]

I agree with you about privacy. I’m 64 and my home is smart/connected. I love it. It’s very convenient. My iphone is my lifeline. My same-age friends think I’m insane. My younger friends get it.

[@donnadagostino7717]

I didn't think I would like this topic, cause I thought it would be depressing. But you guys kept it light and I really appreciate that.😄

[@johnl9135]

I started to like this new show. Sometime it can be very funny. Thumbs up!

[@garyshan7239]

AN 1800 sq ft 3 bd home from the 70s isnt a basic home -its a home someone in their 40-50s would own. Only today is it considered modest. Both side of the coin have points. Boomers dont really grasp how little money buys today esp if they have their home paid off because they have little in the way of major expenses unless they have a health issue Medicare isnt paying much toward they travel a lot. Their kids want to have everything their folks had when they were in their teens but forgot or were unaware how the parents struggles or pinched pennies before and thru their early years. They also have a sub for this and buy tech for the entire family. You have a family of 4 all packing iPhones thats a lot of cheddar a year. Now add in gaming costs for the kids and dad. All in all the modern family spends a lot of money on stuff that didnt exist 20 years ago.

[@taurentotem]

I guess too dark but water and food shortages are going to be commonplace.

[@DaRKWizaRdGaming0]

People have always said this

[@roxannestaton6258]

George and Rachel rock!!! So entertaining and informative!! Love you 2 together !!

[@chrisnolin3039]

8:53 Coffee 40 years ago was $2.50. I think you mis-read or looked up the wrong item lol

[@RaquelSantos-hj1mq]

I agree!

[@karalove3470]

I worked software development in 2001 and we did have people working from home who uploaded their code to the server. So yes for techies it was already happening ... Just not mainstream yet

[@roynerand1523]

In San Jose California, a 4bed 2 bath (average neighborhood) 1,800,00.00! Yes, ONE MILLION EIGHT HUNDRED THOUSAND DOLLARS! I predict it will cost 1 billion in San Jose California!

[@maryokeefe2144]

Loving this! Had to pause so I could add my 2 cents to the gas price - even if the majority use electric vehicles, and demand for gas goes down, I don't think the price will go down (yes, I had 2 college econ classes and understand supply and demand). My prediction: they'll cut back on oil production and charge high prices, in effect changing the supply -demand equation until they can figure out how to move their $ out of oil production. The super rich can always find ways.

[@matthewclina4162]

Also, they will tax the heck out of it. Like $20/gallon gas tax.

[@eobardthawne324]

If they charge too much no one will buy it. That action will only push people even more towards EVs.

[@poaponies101]

@@eobardthawne324the problem with ev is that if you work in home healthcare

[@sandiweidler8862]

The technology for avatars for concerts is already here. I saw ABBA in London last year, and it was absolutely incredible. I imagine that’s how my kids and grandkids will see the Beatles and the Rolling Stones.

[@eegernades]

2pac concert in Coachella in 2014. Hologram

[@leilacavender4066]

I remember in high school gas was $2 a gallon and it cost me only $20 to fill my Toyota Celica lol. I live in Cali now so gas has way more than doubled from that price in just 20 years

[@chrisnolin3039]

Must be nice to be so young. lol

[@michaelleahy6848]

I want to see a 'Lil Dave animated short of sandbox real estate dealing!

[@emanuelcook5275]

Please make a Beautiful or French connection. Cognac based drink. Very good when sipped on like wine

[@DebbieEvans-u1r]

I really enjoy listening to you both...

[@teresateresa8933]

Rachel saying she holds back so 60 year old Rachel can live her best life. George shortly after says ‘you were just in Napa’ LoL, comedy at its best. Also, Rachel just went to see Taylor swift, living your best life. It’s weird for people to preach and pretend.

[@whobeyou5342]

Difficult to take her seriously

[@rebeccautter904]

Where is the link to the clip?

[@peytonstoner3189]

GEORGE ON POINT WITH THE ACCENT

[@rachelharrison7961]

The thing with the DNA data bases being used to find criminals is that it can be used against your close relatives too, not just the one who donated the sample.

[@thatsreality5184]

Thank you for having a brain.

[@gm2407]

They already build the trees and know roughly where to pinpoint relations.

[@JulsMWK1995]

We’ll… that’s good though isn’t it? It’s good to solve crimes even if it’s your own relative.

[@jlkkauffman7942]

@@JulsMWK1995the biggest concerns I’ve heard is they want to use it to make specific bio weapons!

[@honeyfurfarm2182]

It's completely against the law to do that though without a warrant. They're collecting baby blood for that very reason. There's a process to evidence collection for a reason. Innocent until proven guilty.

[@debbieweibley3899]

I love this. I'm not giving up my gas car. Lol

[@rhondaallen5196]

more people than you think will never go electric or even hybrid

[@nikkibadzik3948]

That clip was everything😂

[@carnivore_princess]

Not a My Patriot Supply ad playing after George asking what we'll eat in the future 😂

[@michaelgraham8191]

If you don’t wanna spend 12 bucks on the device, drink 1/2 a wheaty beer and leave the other out on the counter open. 2-3 days they will all be gone. I think if you add a few drops of dawn dish soap it’s even more effective. $12 isn’t bad though

[@tabsinnervoice3839]

OMG the Fly plug in, I was literally looking at this the other day. 😅😅

[@sharondube1101]

The thing to keep in mind with the DNA data banks is that in addition to using it to solve crimes, it can be used to falsely implicate you in a crime. Your DNA can also be used without your knowledge for scientific purposes ( Have you heard of Henrietta Slacks?). I'm with Rachel on this one.

[@bonniehalf-elven]

Sometimes I wonder if more and more people will rebel against the excesses and go back to a simpler life, whether minimalist or not. The average home cost in the 70s was much lower, but also the sizes were smaller. I just wonder if people will collectively realize that more stuff doesn't make you happy - especially if it makes you broke. The debt crisis may cause more people to go back to cash, and this in turn will lower prices, because when more people say, "How much" instead of "how much per month," people will spend less on big ticket items. I just feel like something's got to give, and this may be the direction people take the future.

[@jlkkauffman7942]

That’s what I thought of also, and then also with food, people are waking up to how much junk food and processed food is the main cause of all our health issues!

[@garyshan7239]

well part of the housing issue will cease to be a prob since the Boomers arent just retiring -they are dying so their homes become available. And given we dont buy local much Im not sure how we will go back to cash.

[@alqoshgirl]

I’m kind of tired of the argument that the younger folks that legit are saying it’s harder now is because they aren’t living contently. It’s just not true. Yes average homes are bigger but who are buying those homes? Not the average millenial or gen z, unless they can afford it. We live in a modest 1800 so ft ranch with 3 bedrooms from the 70’s. We’re about to have our 5th and will have 4 boys in 1 room. The value is 400k. My husband makes over 6 figures so I think we do quite well for ourselves financially yet if we didn’t get lucky buying our home for half that price in 2016, we wouldn’t be able to afford this modest home. And most people my age are living like this while making quite a lot of money in comparison to what our parents made and were able to afford

[@Babugee9]

16:22 - I use cheques. Does that mean that I'm old? 😅

[@sarahcostanzo3486]

Does anyone have a link for the plug in bug light?? Or know what it’s called?

[@kellyc9539]

😂always love listening!

[@ashleymcdaniel6188]

I’m waiting for and hoping for full on jetsons! Lol house in the sky with a view, on demand everything, made, and flying cars :)

[@Pandorash8]

I think smart watches and probiotics/gut health as the way of the (medical) future. I think one day (possibly more than 40 years), we’ll all be able to wear devices that monitor our health (heart, breathing, blood sugar, hormones etc). I also think doctors will be able to prescribe/recommend specific strains of probiotics to treat various conditions (again though, potentially more than 40 years). This is all assuming no major disruptions to scientific advancement like major wars and/or environmental problems. But I do also wonder if/how we can fix all the problems we’re causing the environment (you don’t have to know climate science to know we’re not treating the planet in a sustainable way). In terms of pop culture, the main adult, popular, show/movies I can think of that had a positive spin on the future is Star Trek. I would like to think it would be right. But I suspect things like Altered Carbon are more realistic. Great episode as always 👏🏻

[@AccidentallyAwesome1]

Yep. No coincidence that tuition prices keep raising along with these increase of student loans.

[@gm2407]

Yeah, because it is two institutional pillars conspiring to make profit. Colleges can set any price, banks will pay any price, student is now chattle to the bank until debt bondage is cleared. An exageration, but is the same principle. There is no limit to the cost or price other than the amount of return the bank can see. It does not even matter if the bank fails to see profit for decades, or ever, as the debt remains an asset on the balance sheet for the life of the person.

[@psychedelicybin]

Darn George can’t go murder anyone now 😂

[@springjohnson7178]

Organic milk already cost 10-11 bucks in washington for good organic milk ..

[@mofarmmomoney3009]

An indoor bug lamp with fly tape for $12...tell me you're a city yuppie without telling me you are one. 😜

[@nicomyth]

Coffee, chocolate and vanilla will not be readily available to the masses due to crop failure in 40yrs. They will be available but very expensive. I hope I am wrong but don't believe I am.

[@Dbb27]

I think you’re spot on. Much of our housing and agriculture will need to go underground.

[@pepe_nasdaq_scalper]

Love this show. 🎉🎉

[@martafeliciano1753]

Where I live currently, I pay $6 for a gallon of milk. This is not new, it’s been this price for a while.

[@GH56789]

"it's very manly" 😂😂😂

[@elisemedina2237]

👏🏼 Great episode!

[@TatiH28]

George: I don’t think we’ll all be forced to drive electric cars Everyone in California: ehhhh 😅

[@amandaparker6102]

Did Rachel just low key drop the Kamel baby name? ;)

[@teresateresa8933]

What time in the show did she do that?

[@flashthecorgi2053]

@@teresateresa8933omg maybe at 6:21!!!

[@ri-riparkin3438]

I'm pretty sure that's her daughter's name

[@flashthecorgi2053]

@@ri-riparkin3438 No, her children are Amelia, Charles, and Caroline

[@amandaengastra1496]

Did George and Whitney have their baby?! Did I miss the announcement?!

[@katyedwards3935]

Debt would basically pay itself so there wouldn't be any cuz companies would pay themselves because the money would transfer automatically.

[@sharonotieno7026]

What's the specific fruit fly trap?

[@teresateresa8933]

The Jetsons predicted 2023 a very long time ago.

[@seankirchner2378]

I want my flying car that sounds like an old VW bug!

[@katyedwards3935]

So did Doc Brown.

[@alandalemorris]

⁠

[@alandalemorris]

⁠p

[@alandalemorris]

⁠p

[@melodimoore4321]

Electric cars: the grids will have to improved Money: Definitely digital currency

[@katyedwards3935]

Do they have a Delorean we don't know about?

[@tracyjohnson-2025]

Forget coin stars fees when you're at Walmart, lift the cover on the coin slot, and drop in a handful at a time. No fees.

[@kratostomatoes8587]

Prepare for $50 "Value Menu" double cheeseburgers at McDonald's.

[@Dbb27]

How did they miss Miami having a baseball team and winning the World Series?!!!

[@Alex-iv4lq]

DNA collection and targeted bioweapons is the real issue. Good episode though.

[@thatsreality5184]

Walter ,was right . There's a reason why technology was held back from the general public.

[@gm2407]

Sci Fi story. Man from the past travels to the future (set in our present) and is amazed that all the information discovered by humanity is available on a hand held device you can learn anything you want. Actual present: Device is used for gratification, escapeism, data harvesting, narcassistic behaviours and overly changeable in behaviour. Very rarely education.

[@GreenBeats11]

It's cute how naive George is about mass surveillance. How soon people forget we were promised that Prism didn't exist.

[@staceysangillo808]

I agree with Mr Cline, the world will be the 1st chapter of Ready Player One. Food shortages, fuel shortages, and everyone addicted to the virtual world to escape reality.

[@bluetick67]

George - “Good, I should go to jail if I committed a crime” What a nerd 🤓😂

[@saramertz9020]

I think cents will drop out but not dollars, but it maybe seen as old school.

[@MustardseedMomma68]

As a Christian, I am hoping that the Rapture happens before the end of this next 40 years. I honestly don’t want to live in a time where everything is digital, and milk is $8 a gallon. Why would anyone want to live in a society like that? I’m gen X , not a Boomer, and I do like Apple Pay… but I also still use checks. I never want an electric car unless Elon can fix the hazard of lithium batteries. I’m all for some things, but seriously the way the politics of the world is, we are better off without it.

[@tanpham7411]

p😊😊😊😊😊😊😊

[@Chard-man-G]

Rule of 72: if inflation averages 3.5%, prices will double every 72/3.5= 20.5 years. So in forty years, things will probably double twice, or four times current prices! Your $4/gal milk today will be $16 in 40 years!

[@chrisnolin3039]

Yep, simple math.

[@eandrgoodwin]

@@chrisnolin3039 actually, the “Rule of 72” isn’t simple math! But it’s a good approximation.

[@davidmilhouscarter8198]

21:09 Never mind raising a kid. I’m more worried about an unplanned pregnancy. 😬

[@reesercliff]

There were webcams in the year 2000 did y'all not watch American Pie??

[@heidinoggle]

I paused to watch the Walter Cronkite clip... but didn't see it. Can it be added to the show notes?

[@teresateresa8933]

Google it, it’s there..

[@katyedwards3935]

You'll be in business for a looooooooooooooong time.

[@robinmartin2813]

Don't forget the Simpson with future predictions

[@dragonofparadise]

I could see Black Mirror coming true.

[@kathigratton2286]

If they want to do all digital, then they gotta stop charging 3%

[@ashleymcdaniel6188]

The matrix lol… never watched it till recently. With all the talk its crazy to think about lol take the pill

[@carolynrose_]

guilty as charged! Have you ever decided not to pay for parking for a significant amount of time (30+ min), hoping you won't get caught/get a ticket?

[@lizwillis2672]

There was TV in ‘67

[@itsnotyouitsme82]

I agree a cashless society is a controlled society; don't do what we say and we'll take it!

[@clement2780]

voeux carreau?

[@gm2407]

5% inflation means doubling rate every 20 years. So 40 years will mean prices will have doubled twice from now. Not accounting for hyper inflation or societal collapse.

[@laurens7431]

Sadly in certain areas of Canada gas *is* $5-6/gallon, and the average home price is One Million. We're also taxed like crazy and don't have 'free' healthcare. Also sadly, I anticipate Taylor Swift not touring again after this, living the rest of her life out of the craziness she has to deal with. She'd have to copyright a holographic version of herself lol, but yes, then the fake TS would be performing while real TS stays sane.

[@clement2780]

how do you plan for inflation

[@chrisnolin3039]

3% per year on historical average.

[@jessicabraun3255]

I think cash will be no more. I just went on a trip last week and took cash, I had $100.00 bills, and no one would take them! They kept asking if I had smaller bills. I ended up having to use my debt card instead of my budgeted cash!

[@jackielee4456]

Next time stop at a bank! Most banks will break down $100 bills to $20s and you don't even have to have an account with them.

[@DallasATrain7]

I am already a lazy slob.

[@katyedwards3935]

Me too

[@anya8221]

In 40 yrs - flying cars

[@janenns9831]

I love you guys so much! But why does it kinda seem like you don’t like each other all that much.. like when George makes fun of Rachel .. btw Rachel is my favourite person ever

[@maryokeefe2144]

I think he's just being a guy, you know, competitive conversationalist. I don't think he disrespects her on purpose.

[@garyshan7239]

WTF is my 30 hr work week and month of paid vacation?

[@nancybrody5896]

What will happen to the piggy bank? 😢

[@Jumpman67]

I think George is crazy when he says technology isn't going to surpass smart phones by much. Things have changed so much in the last 40 years and advancements are coming faster than ever. He might be right but I have a feeling we will be beyond cell phones in 40 years.

[@thedopplereffect00]

My phone has been a black rectangle with a camera for 10 years now. They really haven't changed much in awhile

[@outdoorpastime613]

I was in junior high when the iPhone came out originally. It’s only changed in size and gotten better with camera and resolution in the last 13 or so years

[@roynerand1523]

SELF CHARGING ELECTRONICS!

[@clement2780]

spell that drink

[@twinmama16]

LMAO imagine saying iPhone is the pinnacle...yikes.

[@A2thaLO]

I will never do any DNA testing, I'm with Rachel, not for me!

[@Dontwantahandle111]

1984 by Orwell is here. We’ll eat bug thanks to the wef and electric destroys the environment. Good times. Come on Rapture 😁 Cash will be gone. Control is the Goal.

[@Bethelgal42]

Rachel is really out of touch. The "average consumer" can't afford an Electric or Hybrid car, so I doubt that will eve become the norm.

[@reesercliff]

Lol at the turn of the 20th century they said that about gas powered cars only the rich could afford everyone else used horses then Henry Ford made them affordable for average people with the model T. Elon musk is to electric vehicles as Henry Ford was to combustion engines. Mark my words in the next couple decades electric vehicles will replace combustion.

[@sasukesuite1]

The sale of new gas cars will be banned in California by 2035, so it's a pretty strong chance that buying gas won't be a thing in the next 40 years.

[@thedopplereffect00]

People will buy them in Nevada. It won't work

[@hockeyhalod]

Y'all need to watch idiocracy.