Why The American Dream Became Unaffordable For The Middle Class

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CNBC

Күн бұрын

Пікірлер: 2 200

@christopherg2915 Ай бұрын

I have never made so much money in my life and feel so broke.

@archmad Ай бұрын

you need to cut down calories and gadgets

@byronnlangley Ай бұрын

I’m in the same boat I make more now than I ever had but have half the buying power I had when I made half as much money

@pensacola321 Ай бұрын

🤡🤡🤡

@beginnereasy Ай бұрын

It's printed at your debt and taxed and there's no natural source of it for any citizen beyond constant labor. #goldwins

@dannymcrae446 Ай бұрын

@@archmad😂😂

@justadevil9351 Ай бұрын

If "middle class" is struggling, maybe it's not the middle class anymore and people are just getting poor and the actual middle class is shrinking?

@stevenlarson3316 Ай бұрын

This is the most true statement. When you can't afford the basics you're poor. Nobody wants to say this because everyone wants to think they're middle class.

@JBoy340a Ай бұрын

You may be correct. The definition of middle class made need to be updated.

@ctv30 Ай бұрын

@@JBoy340a To the working class

@woodchuck003 Ай бұрын

Statistically the middle class is shrinking because people make too much money to be considered middle class anymore. Over the last 30 years about 25% of people in the middle class are now considered upper class. Over that same time span about 12% of the lower class has now become the middle class. The middle class is shrinking but so is the lower class now. A better critique would be why is it that the lower class is shrinking as quickly as the middle class.

@carloscubas2824 Ай бұрын

middle class is forever changing dependin on inflation and GDP. ... being borderline poor is what middle class is experiencieng right now

@DorathyJoy 24 күн бұрын

To attain upper-class wealth, a wise individual recognizes that building financial success requires smart investments, strategic tax planning, and informed decision-making. Although the stock market offers growth potential, effectively seizing these opportunities demands both skill and expertise.

@TinaJames222 24 күн бұрын

Stock investments can offer great potential, but it's essential to approach them with caution. I recommend consulting a financial advisor who can help you determine the optimal times to buy and sell.

@IamJonny-o4v 24 күн бұрын

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

@SandraDave. 24 күн бұрын

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

@IamJonny-o4v 24 күн бұрын

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@ChristianKelv 24 күн бұрын

Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds.

@hyrenaj2888 Ай бұрын

The American dream is no longer a house, a car, a spouse, and a couple kids, but to not go hungry without going into debt at the end of the month.

@BonaKim-hd8ec Ай бұрын

Also, not being killed by gun violence or getting wiped out financially due to healthcare costs.😢

@Rommie26 Ай бұрын

It’s because of illegal immigration 10 million illegal immigrants in the country choking up the housing supply (think supply and demand)

@longbeach225 Ай бұрын

The new American Dream is to move overseas now. America costs are out of control.

@Kolach0 Ай бұрын

@@longbeach225yeah but where? Works only if you’re lucky to work remotely or live off from a passive income.

@Michaelkeal-p7n Ай бұрын

@@longbeach225 Jokes on you Uncle jew will tax you even in foreign countries so long you have his citizenship 😂

@bboyizzy Ай бұрын

Middle class is being taxed to death. We are also being squeezed by inflation. Too poor to get tax incentives and too rich for government help.

@tiamarie1226 Ай бұрын

Amen

@icemoneycooks5299 Ай бұрын

They need to boost income requirements for government subsidy!

@wesh9292 Ай бұрын

You're only too rich for government help because you keep voting for people who want to get rid of government help. How about making government help available for everyone? Like it is in just about every industrialized country on the planet...there's no shortage of wealth, just hoarding of it.

@icemoneycooks5299 Ай бұрын

@@wesh9292 I made 17hr and was too rich made no sense and cost of living is high in NC now

@jeffzebert4982 Ай бұрын

Yes, middle-class Americans are quickly becoming PEASANTS! I fear it won't be much longer before many Americans attach themselves to wealthy land owners as serfs!

@Patriciacraig599 Ай бұрын

The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.

@smithlenn Ай бұрын

Biden is worst thing that happened to us

@belljoe Ай бұрын

TRUMP 2024

@dawsondanny990 Ай бұрын

Having an FA is the best way to go. Based on a direct encounter with a CFP named Julia Hope Marble I can say with certainty that their skills are excellent. She helped raise over 580,000 in 18 months from an initially stagnant portfolio of 150,000

@belljoe Ай бұрын

Fantastic! Can you share more details?

@dawsondanny990 Ай бұрын

was guided tho..Julia Hope Marble. walked me through the ropes majestically i'ts my ultimate pleasure.

@andybadertscher9063 Ай бұрын

An easy solution to ease the housing crisis is to not allow business, corporations, both foreign and domestic from purchasing single family homes. Homes are not and shouldn't be an investment

@LyricsQuest Ай бұрын

Additionally, maintain a max amount of homes an individual can own simultaneously. I think 10 was a recently proposed number. In places like Singapore, I think it's like 2 or 3, and their housing markets seem to be working for them. Exceptions should be made for developers, as they're adding inventory, instead of monopolizing existing inventory.

@reiinasann Ай бұрын

THIS! Homes are for people to live. I hate how its become a money making scheme

@pensivepenguin3000 Ай бұрын

Would you say there’s a limit to the size of the company where that kicks in? You do have some Ma and Pa real estate businesses that might just own a few single-family homes in a given area. Would you say that’s OK?

@Caramel_Nedra Ай бұрын

‼️‼️‼️‼️

@iotatq3728 Ай бұрын

Show us who's responsible for allowing all this to happen and how do we stop them?

@YaxelBurone Ай бұрын

I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My wife and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

@OsamahMoco Ай бұрын

What country you moving too?!'m headed to Thailand or the Philippines in 4 years.

@YaxelBurone Ай бұрын

@@OsamahMocoI have a sister in Sri Lanka, should be easy for me to settle in

@FradAnner Ай бұрын

I know this FA, Stephanie Janis Stiefel but only by her reputation at Neuberger Berman ; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since l watched her interview on WSJ last month.

@MosheerElly Ай бұрын

It absolutely does matter who occupies the top job. As the video correctly acknowledged TRUMP cut a 2-year production deal with Saudi Arabia that caused oil prices to rise substantially. This is not a R vs D issue it's a trump issue. Biden was able to purchase large quantities of oil at a reduced price once trumps disaster deal was term ended. You are correct however, when you suggest that in the normal course of activities and absent undue influence, the person in the 'top job' doesn't generally make a difference. It was merely one self-centered, egotistical, buffoon acting on his own self interests that caused an unexpected disruption to normality.

@YaxelBurone Ай бұрын

@@FradAnnerWell her name is 'STEPHANIE JANIS STIEFEL'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@sarawilliam696 17 күн бұрын

The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips

@KaurKhangura 17 күн бұрын

You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime, You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline

@carssimplified2195 17 күн бұрын

money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property, The aid of an institutional or basic financial advisor's cannot be over expressed. I started saving and investing in 1989 at the age of 20... I am 54 today and have 2.2 million in my retirement account, 135k liquid and I trade securities with 50-55k

@brucemichelle5689. 17 күн бұрын

I'm bombarded with the don't sit on it during the inflation, I wanted to jump in 8/22 and did nothing. So far this year I think I need to get my feet wet but I stopped listening and taking financial advise from KZbinrs, because at the end of the day, I end up with a bunch of confusing stories. Have you always had guidance?

@carssimplified2195 17 күн бұрын

I've shuffled through investment consultants and yes, they can be positively impactful to an individual's portfolio, have been in touch with ‘’Aileen Gertrude Tippy’’ over a decade now her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable

@brucemichelle5689. 17 күн бұрын

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

@tonysilke 15 күн бұрын

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

@Nernst96 15 күн бұрын

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.

@PatrickLloyd- 15 күн бұрын

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.

@RobbieNixon-d1w 15 күн бұрын

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

@PatrickLloyd- 15 күн бұрын

I'd recommend SOPHIE LYNN CARRABUS. She is a genius when it comes to diversifying her holdings. You can verify her identity for yourself by looking her up online. She is well knowledgeable about the financial markets.

@RobbieNixon-d1w 15 күн бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@kennethbethea213 Ай бұрын

This is what happens when the entire US is literally for sale at every level possible. Nothing is safe from greed.

@tiamarie1226 Ай бұрын

Yup we are even conned into paying for water.

@rand0md00d Ай бұрын

Yup. On paper Americans' incomes dwarf most of the world, but we get rekt by monopolies and oligopolies that jack up everything: utilities, insurance, food, childcare, education, you name it.

@Lesrevesdhiver Ай бұрын

Everyone thinks they are a hustler now. They even want you to pay to read silly random articles on the web.

@44bett Ай бұрын

US ''Golden Era'' was from 1945-1975. Many workers were in unions, had good-paying manufacturing jobs and could afford a home. During 1980 Reagan years, his policies hurt unions and allowed good paying jobs to move to Asia and South America where labor is cheap. Counting for inflation, American workers should be making 100,000 per year.

@bloodwargaming3662 26 күн бұрын

Don't say that all you are just lazy people only hardworking people are lobbyists and the people who inherited billions from their Daddy

@yashpatel261 25 күн бұрын

Yup he also created for profit prisons. He was truly evil.

@MaxwellT-j7u 11 күн бұрын

I Hit 250k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in July 2024

@StanleyHudson1 11 күн бұрын

Sounds good, how do you do that? I'm interested, how do I go about getting started?

@StanleyHudson1 11 күн бұрын

Do you invest with a broker??I'd appreciate it if you show me how to go about it.

@MaxwellT-j7u 11 күн бұрын

It's Patricia V Vesely doing she's changed my life. A BROKER- like her is what you need.

@Frank-h6g1b 11 күн бұрын

Her top notch guidance and expertise on digital market changed the game for me.

@Morrisonrobert-l7n 11 күн бұрын

YES!!! that's exactly her name (Mrs Patricia Vesely ) so many people have recommended highly about her and I'm just starting with her from United States'of America, Florida 🇺🇸

@ChristianJacquet9 Ай бұрын

I blame the government for what we are going through! It's common sense: prioritize our own country's needs first. Stop sending billions overseas and address the issues we are facing!

@JackStainstone Ай бұрын

Everything including housing and food is CRAZILY out of control. electric too. we are struggling bad

@Jones21554 Ай бұрын

The middle class can no longer afford homes. Prices are just too high.

@KevinCollins09 Ай бұрын

I’m in Florida and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, poorly built 950 square foot boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

@charlotte.ethan4 Ай бұрын

@KevinCollins I’ve seen the same craze in other parts of Florida. It's unbelievable how fast prices have skyrocketed!

@vincentchan5773 Ай бұрын

Prices keep going up, wages stay low, rising cost of living and inflation which has already eaten deep into my savings. I've had enough! Now, I just want to know how to protect and grow what's left so I can have a better future.

@hueyfreeman7010 Ай бұрын

That 53k was 2000-2017~ ( middle class ) Now it's more like 85k-100k~ ( middle class )

@alexl.102 Ай бұрын

That means majority would need to work dual jobs in order to be classified as middle class.

@axlrad307 Ай бұрын

⁠@@alexl.102our household income is 110k pre tax . That’s my wife and I both working two jobs . Lol

@KiingM Ай бұрын

Middle class is based on median income ranges not affordability

@giovanahc Ай бұрын

Specifically, in 2015, when I graduated, this brought to my attention...80k+ what you needed to be making smh...

@jackole5438 Ай бұрын

NY or CA, F'n NO!!!😂😂😂

@AInfusedNetwork Ай бұрын

CNBC’s ultimate “here’s why you’re poor” lecture while simultaneously failing to hold those responsible accountable. If you guys really cared about these topics you’d ask the hard questions to those directly responsible without bias.

@chordia919 Ай бұрын

They're journalists, not politicians. Write to your senator.

@jeffzebert4982 Ай бұрын

People, you DESPARATELY NEED to V.C.! * * V.C.: Vote Correctly.

@jnoland13 Ай бұрын

Pushing this to a senator is great yes but don’t diminish the importance of messaging to a large megaphone like a media outlet has. It’s equally as important to voice yourself here as well

@lee-oh4189 Ай бұрын

Cool, who's responsible? If you really cared, you'd tell the class who we should be blaming.

@TrevorWebb-ck2yv Ай бұрын

No one is talking about the elephant in the room.... illegal immigration.

@32srt32 Ай бұрын

gasoline, and utilities are killing my expenses. electric bill has doubled and we use less electricity than we did last year. each month.

@12_door_tycoon Ай бұрын

I make pretty decent money and I still don’t turn on my heater unless it’s “off peak” hours.

@JBoy340a Ай бұрын

Is solar an option. We have solar and batteries and have largely eliminated our power bill.

@Anon1mous Ай бұрын

Yup. PGE made the most profit ever last year too. Hmmmm

@Anon1mous Ай бұрын

@@JBoy340a Solar is over. The lobbyists got to the politicians pockets and in Ca we are now operating under NIMS 3.0 which essentially requires batteries which cost too much and don’t last long and the utilities won’t pay you fair market value for the electricity you generate back to the grid anymore. Thats why solar is going bankrupt.

@modelenginerding6996 Ай бұрын

AI and data centers are reducing supply and making the common users pay for it.

@JustinStempel-d9p Ай бұрын

53k-161k is a huge range. Too big to be honest.

@Anon1mous Ай бұрын

53k single earner. 161k max for two income earner families. Makes sense.

@Bkaz3678 Ай бұрын

Cost of living fluctuates dramatically depending on where you live in the US.

@Lesrevesdhiver Ай бұрын

well, arguably, middle class household starts at about $100 K now. Yeah it fluctuates with area but I doubt $53K is middle class ANYwhere.

@Bkaz3678 Ай бұрын

@@Lesrevesdhiver Do some Google searches, you'll find many examples of cities in the US where the median household income is even lower than $53k/year. Mississippi and West Virginia both hover around that number for the entire state. Pay attention to the range for middle class by state, you may be surprised how low the numbers go.

@justincadle7070 Ай бұрын

53k? That’s not middle class. Not even close.

@Anon1mous Ай бұрын

It is and certainly can be in many parts of the US. Not in certain parts of certain states but it can be done in many others. The problem is people want to live in Carmel on that money when they need to be in Wichita.

@kansmansen8609 Ай бұрын

Depends on what state. 53k can easily be middle class in some rural place in Kansas, but in San Francisco it would be considered poor.

@icemoneycooks5299 Ай бұрын

That’s not middle glass in NC either , have to go to a random place in the middle of nowhere where you can’t find work, which doesn’t help unless you work remote.

@donnamak3880 Ай бұрын

That is the true reason, a lot of people mis-identifying themselves as middle class based on the household income but fail to look at how many people they are truly supporting and the location they are living in. Given the city that they are living in, divide up the income by the number people living in the household, is the income by each person truly in the middle? Looking at national average income is pointless and misleading.

@NicksDynasty Ай бұрын

Yeah, sounds like low income for a family. Individuals it sounds fine in some area

@pineappleskin Ай бұрын

The cost of childcare has increased by 273% since 1990, yet there's a shortage of childcare workers due to low pay? Gee, who's earning all the money from the increased cost, then?

@we8608 Ай бұрын

YES! They need to investigate this asap

@xjanosikx Ай бұрын

businesses? It's private business and can charge whatever they want

@bettygrable6440 Ай бұрын

Regulation is expensive. Work from home and watch your own kids. Daycare is a trap and a lie sold to you by big government, who needs more taxpayers (women).

@SoltoWolf92 26 күн бұрын

Politicians

@Ytorisv 22 күн бұрын

Yet folks continue to have kids.

@hakune4724 Ай бұрын

Here is the sad truth in this screw up economy. Don’t have kids if you are in the low/mid income class.

@reddbendd Ай бұрын

I came here to say this.

@user-qu3yd1sl22 Ай бұрын

If they don't have kids, just import immigrants from all over the world. That's how the US was built.

@isolatedintegration1154 Ай бұрын

The ironic part is that the rich and powerful wants low/middle income class people to have kids, it's the only way to sustain a cheaper labor force that's easy to control and manipulate. It's one of the main agendas behind anti-abortion.

@zfr33ze87 Ай бұрын

lol not going to happen that defies human nature.

@princetonscholar5723 Ай бұрын

“Screwed up economy”? The American economy at present is the strongest of all world economies: 1) GDP $29 trillion -largest in 🌍 2) 4.1% unemployment rate 3) 2.3% inflation 4) 16million new jobs since 2020 5) Dow Jones/S&P record territories Your grocery bill is corporate greed post-covid (not even supply-chain related).

@tnsocialist1257 Ай бұрын

Terms like middle class are useless. You are either working class or the capitalist class. Do you work for a living or do you own capital and exploit the labor of others for it

@Patrick-yh5yd Ай бұрын

If you own your house or trailer or Condo you are lucky.

@fuzzyschwartz Ай бұрын

I am Canadian I will cross the border into Minnesota(five minute drive) and vote for Harris Walz. If I have to have Trudeau you should suffer as well. Maybe you guys should make voter ID laws.

@thejuicerr Ай бұрын

@@Patrick-yh5ydIt's not luck. It's years of sacrifice and saving to afford a house.

@thejuicerr Ай бұрын

A lot of people do both. It's the only way to get ahead.

@mannm8658 Ай бұрын

I just love how I make more money than my parents ever did and still work my ass off to never afford a house, a car, marriage, food, gas, and everything else. What a fantastic way to live. This world is in trouble and we are all going to burst because we are at a boiling point. Old people hate on us but just wait until it comes to their children not being ablessing to afford their nursing homes or have a home they own to even let their dying parents live in during their final years. It all comes around and goes around at some point.

@capachinoxm Ай бұрын

The first step is to admit that the U.S. is an Oligarchy and that neither party has our back. And every presidential candidate has zero intention to help anybody but their corporate donors and themselves.

@nomercymanagement2316 Ай бұрын

And the oligarchy aka (juice👃 ) also run cnbc.

@mr.iloveroblox2577 Ай бұрын

Nah there’s definitely one party that cares about the average American more than the other. It’s the party that doesn’t approve tax cuts for individuals making over $400k per year

@ocstrangeness Ай бұрын

I admitted it a long time ago. George Carlin didn't vote and I don't plan to, either. They're all idiots. The ones who really care have no chance of winning an election (names withheld because I don't want to start an argument).

@brightonbabe2139 Ай бұрын

Welcome to unfettered capitalism. Where you allow for huge legal bribery of your politicians, this is part of what you get. Educated people start their careers with massive debts that takes decades to pay back, credit cards are maxed out and interest rates are usuary. Health insurance and health costs are off the scale and is one of the greatest sources of bankruptcy. Groceries and other areas are the results of corporate focus on the share price for the shareholders and not the customer or the community. You object to paying tax, so services that come with taxes paid in other countries need to be privately funded by you. Biden's government bought the inflation rate to just over 2%, unemployment rate to 4.1% and GDP to over 5%. Gas down to about 2019 prices. Investment in infrastructure, sustainability companies and others bought high paid jobs back to the US and started to repositon the USA as a potential lead in this market against China. We were all envious! But you did not FEEL good. So you ignored the stats, failed to recognise that the President does not control grocery prices, and voted for the convicted felon, probably responsible for about 1 million COVID related deaths through lies and incompetence. However nothing in trumps solution will do anything more than fritter away these advantages and I guess you will FEEL good? Add to that governments are now planning what they will do about the tariffs. The UK government is already developing a plan and I am sure others will. They are also likely to be doing some heavy security planning. Your alliances protected America and also built a market for American goods as well as the rest of us. 🦃

@karl53186 28 күн бұрын

It's nice how people who went to college can not afford things, but those without a college degree have to pay for them. I don't hear any plumbers, fireman, union workers asking for hand outs. Kids today are spoiled.

@PF_Goat Ай бұрын

Taxed to earn income, taxed to spend income, taxed on assets. Where does it end? How many times are we going to allow government to tax the same dollar? Do you even agree with the way the government is spending the money they taxed you on?

@gsst6389 Ай бұрын

Has long has they leave me alone and i can do whatever i want with in reason, i dont give a dam

@SWAGKINGSBD Ай бұрын

Yeah been thinking about moving to the UAE lately, but i’d you want to retire anywhere outside the US will be better

@user-gu9yq5sj7c Ай бұрын

Watch the Market Exit, More Perfect Union, and Second Thought on how rich people evade taxes.

@Misaka-gt5yj Ай бұрын

@@SWAGKINGSBD If you move to UAE better renounce USA citizenship or USA will tax you for working and living overseas as long as you have their citizenship thanks to Obama's FATCA act.

@SWAGKINGSBD Ай бұрын

@ That’s actually my plan is to get a EU and other viable passport then renounce.

@reyrodriguezp Ай бұрын

"The working class often engages in manual labor or service jobs and may face financial instability, focusing more on meeting immediate needs. The middle class typically works in professional or managerial roles with more financial stability, prioritizing long-term goals like education and home ownership. Essentially, the key difference lies in income level, and financial security." Let's face it... The US may not even have a middle class as of today... Meanwhile the corporations get bigger and reports earnings on the billions without any shame.

@fora1461 Ай бұрын

They must have to solve housing issue. Housing is no more affordable for the middle class. Corporates and private investors buying houses which increasing the house prices abnormally.

@pteranodon6612 Ай бұрын

It's not just corporate landlords. It's also individuals buying extra homes to rent out.

@duerf5826 Ай бұрын

Here is the truth that most people don’t want to hear: the biggest opponent to affordable housing is not corporations or the government, but other people. People buy house(s) as a form of investment that they also happen to live in. Supporting affordable housing measures would bring down the value of their property (because of supply and demand), so they vote in politicians to keep red tape laws in place. Corporations own a very small piece of the pie.

@fora1461 Ай бұрын

@@pteranodon6612 You are right but I think corporates are the biggest issue here.

@woodchuck003 Ай бұрын

Is crazy how popular this misinformation is.

@kennethridesabike Ай бұрын

@@fora1461corporations own only 3-4% of the housing stock. The vast majority is individuals.

@darrtrubb Ай бұрын

What’s the matter? Not feeling that American Exceptionalism? This is what happens when you live in a country that exists solely to cater to corporations and the oligarchs who profit most from them.

@matthewm9261 Ай бұрын

Historically speaking the middle class is an anomaly

@urbanistgod Ай бұрын

@@matthewm9261In Canada the middle class is still strong.

@Jkub101 Ай бұрын

Ever been to Russia?

@Jkub101 Ай бұрын

@@urbanistgodfor Indian standards maybe

@olawaleayeni8431 Ай бұрын

@@urbanistgod you know that’s a lie, a full tank of gas in Canada is at least $100. And home prices are through the roofs especially in Toronto or anywhere close. How is the middle class strong again?

@rahul7506 Ай бұрын

Most of us living hand to mouth. There is no savings. The job market is still bad. Prices of grocery going up frequently.

@wittynclever Ай бұрын

I cannot wait for the trickle down!!!! I don't know when, but I've been told it's going to happen.

@BeamToDream Ай бұрын

Corruption is eating away at America Societies with weak governance, laws and institutions that advance humanity do not generate growth and do not change for the better - Nobel laureates Acemoglu, Johnson and Robinson

@Kalatakieta Ай бұрын

Progressive and socialist policies are killing the economy. You can’t subsidize everything, including big businesses. They shouldn’t get as much subsidies as they do. Neither should we fund things that aren’t efficient.

@brightonbabe2139 Ай бұрын

@dougsheldon5560 Ай бұрын

Take away the tax breaks for corporate owned residential housing.

@Rommie26 Ай бұрын

That’s a myth It’s because of illegal immigration 10 million illegal immigrants in the country choking up the housing supply (think supply and demand)

@ST-rj8iu Ай бұрын

and who do you think pays for that? the renter.

@dougsheldon5560 Ай бұрын

@@ST-rj8iu No tax breaks and they'll dump them. Let people buy them

@ST-rj8iu Ай бұрын

@@dougsheldon5560 garbage. they will absolutely keep them. you cannot print more land. you can print more money

@apllu17 Ай бұрын

$53,740 is the minimum to be considered middle class? That doesn't cover rent in most cities.

@Anon1mous Ай бұрын

Huh? My mortgage in a major CA sub is $3,000 a month. Thats $36l a year. How you paying more for rent that that in “most” cities as you claim?

@VortexVibe634 Ай бұрын

It’s national average, from expensive cities to living in a swamp 😬

@glitchy_weasel Ай бұрын

@@Anon1mousBut that's a gigantic cut to go towards rent, there are a lot of other living expenses that might not fit in the remaining 18k.

@sasstewart1222 Ай бұрын

@@Anon1mous $3000 / month mortgage in CA? Bargain! i'll take 3!

@coloradoliving18 Ай бұрын

@@glitchy_weasel btw, 54000k a year is only 3600 a month after tax in california. so all you have left is 600 for other costs in his example.

@anthonysmith7913 Ай бұрын

Prices are ok if you don’t buy anything

@sxsunda4424 Ай бұрын

Essentials how will you stop buying? Vegetables, meat, egg, fruits, bread etc.,

@LyricsQuest Ай бұрын

Lmao

@sxsunda4424 Ай бұрын

If you die also no problem, please do so 😂

@Ioncandi 24 күн бұрын

There are no eggs on sale for Thanksgiving this week. I guess no Friday morning breakfast this year.

@guyfierimtwi 8 күн бұрын

@@sxsunda4424 I think he meant if you only paid rent and food

@kazj1728 Ай бұрын

The new American Dream is a winning Powerball ticket. Your lucky day is coming, just keep producing and the struggle will soon be over!

@DragonKingGaav Ай бұрын

The American Dream is now the The American Nightmare!

@SuperBabyMario0C Ай бұрын

Cody Rhodes!!!!!

@evanmurphey Ай бұрын

The American nightmare sounds about right, maybe we could elect a president like trump to get us back on track

@ragingjaguarknight86 Ай бұрын

@@SuperBabyMario0C "I beat Ric Flair 25,000 times in a row!!!" 😆 🤣 😂

@evielknievel4972 Ай бұрын

It was just a dream. They shook the bed and woke us up to reality.

@dfdf-rj8jr Ай бұрын

You should ask why millions of immigrants are still trying to come though.

@zenwilds2911 Ай бұрын

Allowing everyone to grow their own produce would be a huge step in food affordability. I can't afford to move from my current townhouse, and the HOA sprays pesticides and won't allow us to plant fruit trees or anything edible. Really wish that was illegal. There is so much unused land.

@Desertbiker617 Ай бұрын

They care about looking pretty yards are more important than cancer rates.

@thewingedringer Ай бұрын

Yeah, if only producing food was so easy as your comment makes it out to be. There's a reason why industrial farming exists, without it humans do not exist, or 99% anyway.

@allen4758 22 күн бұрын

I be damned, some things are god giving rights ,,

@Ashley-ku7is Ай бұрын

Everyone needs to get mad. We're all too complacent about this.

@kemi1486 Ай бұрын

Get mad and do what exactly? I agree that we’ve become complacent because they keep testing the limits by going beyond set thresholds and we go beyond with it. If you’re saying get mad when they increase prices and instead of paying their new prices we cut back, cut completely out or finding other cheaper options then I agree to get mad and do that.

@ronswansonsdog2833 Ай бұрын

@@kemi1486yes, I think that’s what they meant lol

@analienfromouterspace Ай бұрын

French revolution doesn't work anymore, we need a different approach that doesn't require mass conscription.

@paulmarshall9189 Ай бұрын

We don't have social class in the US, but "middle class" is defined by how you live, not your household income. A household actually living on $53k in 2024 is not even remotely close to middle class. A single person with a modest trust fund and a $53k income might be living a middle class life. But for people with kids that actually support themselves primarily with direct income earned from day jobs? Probably more like $200k.

@mindfloodnc Ай бұрын

30 years with a decent corporate job and helping each company grow. Dumped for outsourced and offshore workers. Same companies still with billions in revenue. Working but staying afloat working 2 jobs. Many co workers doing the same or retired and still needing income to keep up with bills. Remember my dad getting dumped from his manufacturing job in the 80s when his plant got offshored and the family struggling.

@boe4534 Ай бұрын

Offshoring destroys American jobs

@ELITEGOD61 Ай бұрын

I think regardless of who’s elected now or in the future, it won’t improve much. The government has been in a spending deficit for over 30 years now

@yellowcard7139 Ай бұрын

Bidenonmics baby!

@ingababy5196 Ай бұрын

I agree with you.

@utkphilobio Ай бұрын

This has nothing at all to do with the deficit.

@utkphilobio Ай бұрын

@@yellowcard7139 More like 45 years of Reaganomics.

@ELITEGOD61 Ай бұрын

@@utkphilobio yes it does, everything in any country always boils down to money

@richardhudson1243 18 күн бұрын

Things are getting worse! Low-paying jobs, inflation, and insane rental rates prevent many from saving. Home ownership, a traditional retirement asset, is now out of reach for middle-class Americans.

@LUCIASMITH-d1z 18 күн бұрын

I'm 62, and rising prices have derailed my retirement plans . I worry that today's economic conditions are more challenging than ever. The stock market's unpredictability, coupled with reduced income and soaring inflation, makes me anxious about having enough for retirement.

@MattsMkia 18 күн бұрын

@JacobsErick-u8r 18 күн бұрын

Mind if I ask you to recommend this particular coach you using their service?

@MattsMkia 18 күн бұрын

I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, ¨Melissa Terri Swayne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.

@winifred-k9e 18 күн бұрын

I just checked her out on google and I have sent her an email. I hope she gets back to me soon.

@23billd Ай бұрын

They missed discussing the cost of college!

@kenfern2259 Ай бұрын

they actually have in other video

@PASCALDAB 8 күн бұрын

Retirement may be difficult for an increasing number of people. Saving money is difficult due to expensive rents, inflation, and low-paying jobs. These days, middle-class Americans also struggle to own a home, which prevents them from having a place to call home.

@DonaldStokes-p 8 күн бұрын

My goal to work part-time, save for the future, and retire at age 62 has been affected by the rising costs. Whether or not people who survived the 2008 financial crisis had it easier than I am right now worries me. A decline in salary coupled with stock market volatility is making me worry about whether I'll have enough money for retirement.

@SeanTalkoff 8 күн бұрын

@viviancarolgioao 8 күн бұрын

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.

@SeanTalkoff 7 күн бұрын

My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

@viviancarolgioao 7 күн бұрын

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

@bigelbow4854 Ай бұрын

One of the most beautiful feelings in life is being able to afford everything you need in life. I have tasted what it means to be b r o ke and I can tell it’s not something you wish for anyone. Thanks to Larysa Caba, I don’t have to experience that kind of life anymore. I’m grateful and I will always be.

@fred5528 Ай бұрын

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.

@militaryorderly5386 Ай бұрын

I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.

@annddyyy-6920 Ай бұрын

I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.

@jasperflontes4289 Ай бұрын

I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.

@ivarlast2966 Ай бұрын

I will like to knw mre

@mlbrooks4066 Ай бұрын

There are two American Dreams, and they conflict. The first said if you work hard and spend wisely, you can afford to raise a family, buy a home and a car - that dream was available to families like mine when I was a kid and how my steelworker father did just fine for himself and us. The other American Dream is make as much wealth as you can and live as high as you can, no matter how you do it or who you step on to do it but preferably with other peoples money and sweat - the dream that has gradually taken over a whole lot of people.

@atbefumo Ай бұрын

Well put. We are approaching a system more resembling an oligarchy than a representative democracy. A combination of low information voters and unfettered political money machines (thanks Citizens United) has given rise to a large portion of society worshipping a deadbeat dad like Elon Musk while antagonizing immigrants working multiple low-wage jobs to support their families and provide a better future for their children.

@ocstrangeness Ай бұрын

The first one ended back in the 80's. Was fun for our parents and grandparents, living it up in a home they paid for with money from their sock drawer 40 years ago. Second one is where we are right now, but leave the part out for 'make as much wealth as you can by stepping on people' because that's what everyone's doing and they're not making wealth. Brief example: Lived in my last apartment for 15 years, scummy management company kept my lousy $400 deposit, lied in court to keep it, and the judge bought it. Whose idea was that? An underpaid 20-something year old with nothing more than a very expensive MBA. He's doing worse than me.

@utkphilobio Ай бұрын

The simpler explanation is just that we've been practicing Reaganomics for 45 years and it has entirely hollowed out the middle class.

@relaxlibrary4249 Ай бұрын

And the failure to invest in education, healthcare and infrastructure.

@Popwwe649 Ай бұрын

Incorrect, it's because of the federal reserve existence and policy that is destroying the middle class purchasing power while making the wealthy even richer... CNBC is gaslighting and misdirecting blame

@woodchuck003 Ай бұрын

So Obama and Bill Clinton were exercising Reaganomics? Also spending in education and healthcare has gone up not down. We will never find a solution in this country as long as people try to base their attacks on ignorance and partisanship.

@Desertbiker617 Ай бұрын

Do you mean an actor was not a great politician?

@brightonbabe2139 Ай бұрын

@nguyenbaokhanh2005 Ай бұрын

Ở Việt Nam chúng tôi có câu nói "Nếu sinh con chỉ để đứa trẻ kế thừa sự khó khăn, cơ cực, nghèo đói...của bạn, thì việc không sinh con cũng được xem là hành vi lương thiện"😢😢😢

@DerraKormino Ай бұрын

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

@amoreauMike-t6z Ай бұрын

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

@maiadazz Ай бұрын

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

@winifred-k9e Ай бұрын

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

@maiadazz Ай бұрын

There are advisors in cities around you but I needed services of one who can guide me irrespective of location. ‘Melissa Terri Swayne’ comes highly recommended especially in times like this. I am hedging and haven't lost much to the recession. I found her in 2020 when the market was at an all time low. Look her up and thank me later.

@Fabmille Ай бұрын

It’s not about the interest rate birdbrain. It’s a combination of the cost of a home plus the rate plus the increase in property tax PLUS the insurance costs. U should know about insurance since Florida has a huge issue with it. Cmon now

@txterbug Ай бұрын

I’m living better than I deserve but EVERYTHING is so expensive now. Clothes are insane - sweatshirts for $100, T-shirt’s $35. Groceries are outrageous - $10 for a bag of oranges, good beef is $16/lb.

@GeneralChangFromDanang Ай бұрын

For T-shirts, I just buy blank shirts from craft stores. They typically go on sale for less than $5.

@Ioncandi 24 күн бұрын

I get my pants the first week of November sales. Got $35 pants for $10 this year. Makeup I get the 2nd week of Dec or after Christmas sales. Mascara is super expensive but I get it half off and save them and use for the next year.

@devontenabors4348 Ай бұрын

Childcare is the biggest issue. Daycare pricing is outrageous!

@scottishboy872 Ай бұрын

How much is it in the US. ? I am living in Alberta, Canada. Daycare is about $C1300 a month per child. But after subsidies (provincial + federal) we pay only $C60 a month per child even though our household income is about $C190k or so.

@yellowcard7139 Ай бұрын

Thank God a democrat is in office to help with that!

@shannonsollman3509 Ай бұрын

Since people became sue happy suing over the littlest thing at daycares, there is now much liability to watching others kids. Besides if parents want others to watch their kids, their so called most precious thing in their lives, paying for adequate and proper childcare should be a top priority and should not be outsourced as cheap labor.

@devontenabors4348 Ай бұрын

@@scottishboy872 it varies from state to state. Also, depending on the areas of the state you live in. Another thing that varies is how old your child is in my area. So personally, I have a 4 year old. For her it’s about $1100/month which is 1,400 Canadian dollars. But when she was younger, it was about $1350/month.

@devontenabors4348 Ай бұрын

@@shannonsollman3509 don’t mind paying for adequate and proper childcare. However, when I’m paying more for daycare than my mortgage (the place my child receives adequate and proper childcare from their parents) that’s when it becomes a problem.

@desiv1170 Ай бұрын

Housing prices need to come down. Interest rates will go up and down. That just happens. And that wouldn't be a major issue if housing prices weren't what they were. My parents had an 18% mortgage on their house for a while. That didn't stop them from buying the house. We need not just more houses, but more affordable houses. We need to cut back on building so many HUGE homes. Now, as a home owner myself, on paper a drop in home prices wouldn't be great for my net worth. But I think the thought that it's a loss of money for me is silly. I bought my house for just under $400K years (and years) ago. The property tax people are telling me it is now worth over $800K. If something changed and all of a sudden, it was worth only $600K, I didn't lose $200K. I can't lose something I never actually had. Would that hurt some people, depending on when they bought and when they sell? Yeah, but real estate, like other things, has risks. If the value drops (as it should IMHO), then it drops. Now, I'd prefer it happen slowly over time. But it needs to drop. Of course, the other option is that salaries could go way up... But I don't see that happening...

@Rommie26 Ай бұрын

That’s a myth It’s because of illegal immigration 10 million illegal immigrants in the country choking up the housing supply (think supply and demand)

@WhatYouShouldBeListeningTo Ай бұрын

We could IDK also limit privet equity from buying up all the single family homes, and from being a part of the healthcare system. my neighborhood has more renters then owners. I think limiting big business in all facets will greatly help the average american people.

@Impozalla Ай бұрын

It is unaffordable globally. Everywhere on this planet, prices have gone through the roof.

@Zerobar78. Ай бұрын

Healthcare costs are completely out of control. The insurance through my employer costs 20% of my paycheck, has a terrible deductible and copays, and doesn't cover anywhere near enough. I can't afford that so I go without.

@kamenidriss Ай бұрын

If you think this is bad, do another version for Canada

@podsmpsg1 Ай бұрын

Don't have kids you can't afford. Stop re electing the same you know whats.

@totallysawthat Ай бұрын

The democrats are looking out for the little guy, ask Nancy Pelosi.

@podsmpsg1 Ай бұрын

@totallysawthat LoL.

@-JSLAK Ай бұрын

Trump doesn't care about the middle class. It's why he only gave billionaires tax cuts last time. Why cant the low IQ trumpers understand that they dont matter to him?

@suoutubez19 Ай бұрын

I wish the solution was this simple and easy lol

@podsmpsg1 Ай бұрын

@@suoutubez19 Well, it'll help at least.

@djpuplex Ай бұрын

Remember people this is before corporate America can fire most people when AI gets good enough.

@Jackson-T23 Ай бұрын

One of the biggest reasons the middle class is losing is because workers and families are now expected to shoulder the burdens of retirement, healthcare, education, housing, and childcare. If any 3 of those 5 were within affordability......the middle class could take care of itself.

@lifevest1 Ай бұрын

Businesses want people back in the office which leads to super high rent pricing in metro areas and yet they can’t afford to pay more in salaries despite record profits. Explain that.

@maestroadam Ай бұрын

Come to Canada if you want to see what unaffordable means!

@jchastain789 Ай бұрын

My chef had to move out of Canada bc it was to expensive he said... don't the govt also help you off urself like wtf

@caitlin3875 Ай бұрын

THIS^ Canada is F***ED free healthcare my A$$ - people die waiting in the ER room, but its free 😵‍💫

@Anon1mous Ай бұрын

Well said! As if the cold and snow weren’t enough! Ugh!! No thanks.

@guyfierimtwi 8 күн бұрын

says the country whose taxes pay for their healthcare

@axnyslie Ай бұрын

This makes the assumption that The Middle Class still exists. They don't.

@annthrockmorton1517 Ай бұрын

I was running short of money every month as a retiree on a fixed income. I'm doing much better (in many ways) since relocating to Thailand.

@solracer66 Ай бұрын

I don't think this is a difficult problem to solve if we want to solve it. I see these issues that need to be fixed, #1 We need to prevent officers in a company from owning shares in the company as was the case before Reagan; #2 The top marginal tax rate for incomes over around $3 or maybe $4 million a year needs to be greater than 75% as was the case before Reagan, #3 corporate mergers and consolidations not only need to be stopped but reversed and #4 there must be a prohibition on purchasing housing as an investment. Fixing just those 4 things will go a long way towards getting us back on track. Sure there is a ton more to do on top of these but they are a good start.

@TheSimba86 Ай бұрын

there is no middle class anymore

@tamaramartin4015 Ай бұрын

Maybe if we took the pay for health insurance CEOs and shareholders down to a level that the rest of us have to live on, we might see our health care expenses drop.

@Thisguy1984 Ай бұрын

Maybe the middle class should stop voting for people who don’t represent their interests. All these problems started in the 80s when Reagan became president. Who the middle class voted into office twice

@nicklll4477 Ай бұрын

And maybe you and others should give up those welfare benefits from those who dont represent you anyway. Do that or else...

@winterbomber2 Ай бұрын

Trickle down on me Great Titan of industry

@DavidGoggins-wk2wp Ай бұрын

Who would you rather support large corporations or low income families.

@danieldelacruz7305 Ай бұрын

Middle class should be consider 90k to 180k. The problem with healthcare is that we give them too money. Their spending is out of control they get too much money and they pay their staff too much money that’s why it’s expensive. If we also control the price of real estate people will be able to live a life again.

@brightonbabe2139 Ай бұрын

@techlord5573 26 күн бұрын

I live in Fort worth Texas, and the prices of houses here have skyrocketed, and just under 20 years ago, you would sell your older home and move to a bigger home but not with these prices for homes. I bought my house in 2015 for $107K, and it's now worth $246k, but to buy a slightly bigger home, it's 380k to 450k.

@aaronlambert9297 Ай бұрын

I moved to the middle of nowhere in the Southeast. Bought a 1400sq ft house in decent condition with two acers outright. Now my only house payment is the property tax which is $350 per year. Utilities are very reasonable. I lose the benefit of being near activities, stores and social networks. I gain having no neighbors for almost a mile, peace and quiet, a yard with which I can whatever I want and no mortgage payment. To do this, I had to leave NY as housing prices and property taxes are out of control. Living near cities was also out of the question since my price range to buy outright was less than most new SUVs. Took two years off of work after selling my business and just planted trees, shrubs and landscaped my once empty two-acre field. I went in this direction because I could see there was no way I could own a house mortgage free without changing my idea of what success meant.

@gsst6389 Ай бұрын

This is just willing going back to the poor class 😂, you did not just faild, you willingly surrender.

@daisyle1203 Ай бұрын

Never tell anyone where you live, that causes future overpopulation and corporations to buy up the property.

@nathanbarr1237 Ай бұрын

It feels like you're thwarted at every turn

@12_door_tycoon Ай бұрын

I would like to know how many states outside of the deepest part of the south like Mississippi where $53k is still middle class? $53k after taxes where I live will have you literally in poverty.

@tiamarie1226 Ай бұрын

Yup 53k is nothing these days

@egbertprice9201 Ай бұрын

Get Rid Of Both Parties!!!

@Georgecostanza1020 28 күн бұрын

Not having kids is such an advantage. This world is not set up anymore to support families.

@Ioncandi 24 күн бұрын

Yes I don't understand why anyone would let their children grow up in this dire environment. 25-50 years from now everything will be crumbling.

@DerrickRuthless Ай бұрын

Capitalism is the problem. Billionaires are the problem. Blackstone is the problem. IMO neither presidential candidate are talking adequately about this or are willing to tackle the problem.

@MACH1TIPS Ай бұрын

What do you suggest over capitalism? Ill wait.

@DerrickRuthless Ай бұрын

@@MACH1TIPS I think you know. We keep bailing out capitalism with it every few years… we are currently in a doom loop of exploitation and massive wealth inequality. All of this was predicted by Marx. 🤷‍♂️

@pocketing7292 Ай бұрын

@@MACH1TIPSdemocratic socialism

@shaniparks6058 Ай бұрын

Because they’re rich.

@bowez9 Ай бұрын

Ah like Venezuela or Cuba?

@Fienly0109 Ай бұрын

The US government should periodize its citizens needs over funding foreign conflicts, especially during tough times..

@yuriydee Ай бұрын

Clearly a bot account, cant even spell prioritize correctly.

@Fienly0109 Ай бұрын

@@yuriydee I see..how you used your time wisely

@SimpleMan2466 Ай бұрын

The wealth gap has increased dramatically with both political parties being in the White House. Let’s not be naive and blame one party. The past 3 1/2 years has seen it become more difficult for the middle class. There is a lack of housing for sure.

@minimatemasterworks Ай бұрын

"Don't blame on eparty.....the last 3 1/2 year..."

@Supersmartandfunnyguy Ай бұрын

@@minimatemasterworksHe is a SimpleMan indeed.

@megan9825 Ай бұрын

I don’t think it’s a party issue, nearly every other first world country is dealing with inflation and expensive housing. The U.S. is also dealing with out of sight health care and education costs.

@realnapster1522 Ай бұрын

Democrats have made it worse by printing money and sending billions to Ukraine. That money comes from our pockets.

@Desertbiker617 Ай бұрын

Right. It's all Biden Administration's fault. I got a bridge for you to buy.

@BureaucracyWorld Ай бұрын

Big corporations owned houses in my neighborhood, and they are for rentals. In my community 200 homes, may be about 10% are owned by the home owners.

@florinnyc6371 Ай бұрын

American dream is long gone ….. I went in the US in 2006 as a emigrant from Eastern Europe and after 12 years I returned back home with my new American Romanian family. We are way better here where the ownership of homes is around 96% the highest in the EU and life is good. Gas is expensive compared with the US but the rest is ok

@lt3074 23 күн бұрын

53,000 is not middle class anymore. These household incomes are based off of 20th century.. Most of my income goes to rent. Whether it's mortgage or rent, most people income is going towards housing & it's shameful!

@daisyle1203 Ай бұрын

It has not been that many years ago where if you had a combined salary of close to 6 figures you could afford a nice home, nice cars, have 2 kids, could easily pay bills and the groceries you like and still have disposable income for vacations and dining out. Now, a combined salary of almost twice that you can barely afford the home, cant afford newer cars even used, can barely afford needs for 2 kids, after bills you cant buy groceries items you could 4 years ago, have little disposable income, forget vacations or eating out. Prices on EVERYTHING doubled the past 3+ years, not the 17% inflation media is forced to report. The present administration's actions have been the major cause. I do know that 4 years ago I was much more financially secure than now, most everyone else was as well. That is why long lines for early voting are taking place, no one wants more of the same or worse for another 4 years.

@Anon1mous Ай бұрын

My utility bill has gone up about 50% from 2-3 years ago. Gas is still high. Insurance is high and only going higher. Food is up. Services are high. My paycheck is the ONLY thing that has NOT gone up. I’d call that a problem. Keep voting them (no matter which party) out until this gets fixed.

@fayefaye3388 Ай бұрын

😢

@Desertbiker617 Ай бұрын

Here in AZ, 4 out of 5 energy commissioners are Republicans. These 4 continue to vote for rate hikes. They literally went to Wall St and advertised that AZ is a great state to invest for $.

@JBoy340a Ай бұрын

New couples can't afford a house on their own and need childcare. Maybe we need to be like other societies where the children live in the same house as the parents just on different floors. This is common in many countries like Egypt, Turkey, etc.

@tiamarie1226 Ай бұрын

I hear u but many parents like mine still work they are still 7 yrs from retirement...no way they would have been able to assist with childcare

@JBoy340a Ай бұрын

@@tiamarie1226 how about your grandparents or aunts and uncles.

@santostv. Ай бұрын

I think you guys in the USA are too individualistic for that

@thewingedringer Ай бұрын

@@santostv. Not really a bad thing. Equally, these people in the 3rd world can't afford to get a house or an apartment. But it is quite demeaning to live like chickens cooped up. Now it depends of course, a house may be big...

@santostv. Ай бұрын

@@thewingedringer in Asia maybe but not usually in latin America,Africa,southern and Eastern Europe.

@michaelthetrent Ай бұрын

The problem is companies are posting record profits and keeping all of it. Nothing is trickling down anymore. We are headed for a recession when everything keeps getting more expensive and people don't get COL adjustments to match. Me and my wife stopped paying for ANYTHING we don't have to and we barely get by. We don't eat out, we don't take trips, we drink only water to cut down on grocery prices. We make over 100k combined and struggle to pay bills every month. As far as healthcare, all you have to do is look at the insurance industry but no body will because they have the government in their pockets.

Ай бұрын

And how many times does economists have to say trickle down economics doesn't work. It didn't work under Reagan and any other GOP President. In fact is stagnated progress to reduce poverty and increase income inequality.

@theduck2970 Ай бұрын

The "trickling down" is more likely the dreaded "yellow rain" than actual earnings.

@minimatemasterworks Ай бұрын

Yes. Overtaxing and overspending the last four years has certainlybeen great.

@woodchuck003 Ай бұрын

Zero economists talk about trickle-down economics because trickle down is not an economic theory. Trickle down economics partisan attack created by politicians, if you were to believe that trickle down is a thing then then you should also believe that Obama definitely created death panels in the ACA. If you need to rely on ignorance and misinformation to critique a president's economic policy then you will never find a solution as you don't understand the problem. Also as a fun fact, Jimmy Carter and Bill Clinton pushed forward supply-side economic policies extremely similar to Reagan.

@theduck2970 Ай бұрын

@@minimatemasterworks Reacting poorly to Cov-19, bringing the economy to a crashing halt sure made the last 4 years great/s. "It will just go away."

@brightonbabe2139 Ай бұрын

@DanH-u3f Ай бұрын

Inflation has ruined their dreams.

@luvnaturalbeauti Ай бұрын

Another major part of this equation is the middle class debt to income ratio. If you're middle class, with any debt besides your house, you're actually not middle class.

@joypeaceandhappiness1501 Ай бұрын

I've been trying to explain this to people. DTI effects your class just as much as income

@Needglory23 Ай бұрын

“Over the past 40 years, U.S. home prices as tracked by the Freddie Mac House Price Index, have soared a staggering 494%. The 10 states with the biggest home price gains between March 1984 and March 2024 were Washington (828%), Oregon (699%), Rhode Island (668%), Massachusetts (664%), California (664%), Hawaii (639%), Utah (610%), Montana (608%), Idaho (607%), Maine (605%). During that 40-year span, overall inflation rose 203%, while median household incomes rose 233%.”

@Laura75052 Ай бұрын

No other countries in the world pay doctors for medications as highly as the United States does. This contributes significantly to the unaffordable lifestyles of middle-class Americans.

@log5018 Ай бұрын

as someone living outside usa i dont see the American dream but a financial nightmare that is keeps getting worse and worse

@dfdf-rj8jr Ай бұрын

Your country has more people moving to America than the other way around despite a massive population gap. Why don't these people see this "financial nightmare"? Your country is a toilet compared to the US, cry about if if you want.

@brightonbabe2139 Ай бұрын

@greatest7391 24 күн бұрын

It is a shakedown economy. Land of the Slave and Home of the Fee

@jrho8033 Ай бұрын

Housing is high, healthcare (and dental) is unaffordable, transportation takes a disproportionate amount of incomes (car insurance, gas, etc.). Solution: Change ZONING LAWS to allow denser housing and mixed used developments., UNIVERSAL HEALTHCARE, and invest more in public transportation.

@mack-uv6gn Ай бұрын

Too many people are moving to only a few states so that will drive prices higher. Supply and demand

@tiamarie1226 Ай бұрын

Yes i wish ppl wld stay away frlm texas lol 😂 property taxes are high here

@mack-uv6gn Ай бұрын

@ too late Pandora’s box is opened

@AndrewVale-gs9fv Ай бұрын

NO more tax cuts for rich people. The US is so expensive compared to other countries because of the ridiculous costs of education, childcare, and healthcare. Also, might be time to update the definition of the American Dream which was created during the first two decades after WWII; so much has changed since then.

@winterbomber2 Ай бұрын

Do you wanna Maga?

@brightonbabe2139 Ай бұрын

@rosalyn5496 Ай бұрын

All of this holds true! Recently, I had individual conversations with several friends, during which they shared their recent Amazon purchases and shopping sprees at the mall. Additionally, their children are engaged in multiple activities-around 3-4, which can be quite expensive. Why not consider cutting back on one or two of those activities for now? Allow your kids to choose their favorite, explaining the situation to them, and perhaps they can rejoin next year. It's time to stop spending as if funds are abundant when they aren't; this could be a good starting point for a lot of us.

@AKAAAK Ай бұрын

So glad my wife and I left the US......and actually outright we owned our home in CA, so we had very little debt aside from monthly utilities, car/home ins, etc. But we found greener pastures outside the US, which allowed us to retire in our 50s. So nice not having to work anymore. We we can travel more, have more family and "us" time and all this while living off $1500/mo EASY. Stress levels have dropped drastically, to say the least 😊. We couldn't be happier.

@AKAAAK Ай бұрын

@@CMe-bk5ez All I can say is my wife is Filipino 😊

@AKAAAK Ай бұрын

@@CMe-bk5ez I myself, love it here, but it's not for everyone. Good luck 🙏

@ericbarretoestrada7020 Ай бұрын

The fed takes 20-30% of your check.

@Anon1mous Ай бұрын

Huh? When’d you last look at your paycheck? You don’t know what you’re talking about.

@ericbarretoestrada7020 Ай бұрын

@@Anon1mous www.irs.gov/filing/federal-income-tax-rates-and-brackets

@davidekow Ай бұрын

more like 40%

@michaelkim2147 Ай бұрын

it's 34%

@bryanknowles4330 Ай бұрын

You fundamentally have no idea what the fed is. Get off the internet and start reading books.

@ingababy5196 Ай бұрын

It would appear that I’m middle class but I don’t feel like it🤦🏾‍♀️🤦🏾‍♀️🤦🏾‍♀️

@reddbendd Ай бұрын

thats all middle class is really, an appearance.

@Maverickgouda Ай бұрын

Or that can be some of the working class too. There’s some class “dysmorphia” where people mislabel as middle class and keep up with the middle class lifestyle without the stability or being able to really afford it like the “true” middle class that is middle classing more comfortably. I do agree it can be like an appearance or an idea/state of mind. Maybe the groups will be redefined. My impression of the old middle class of the previous century is homeownership, 2 cars, college, vacations, and pension. Now, the “normalized” Disney vacation is out of reach

@alexanderhuynh6778 Ай бұрын

I like how they don’t mention that so many single family homes are taken by corporate companies and hedge funds… That’s where we are feeling the shortage.

@Nikephorus Ай бұрын

One of the biggest issues, in my view, is that the value of labor has stayed stagnant. If you already have significant wealth to invest, there are plenty of ways to grow it, but if you're depending solely on your job to make a living, it’s tough. When labor’s value doesn’t keep up while investment returns continue to grow, it creates an uneven playing field, allowing wealth to accumulate faster for those who already have it. This makes it harder for people who rely on wages alone to achieve financial security or improve their quality of life, leading to a widening wealth gap and limiting upward mobility.