5 Reasons Americans Feel So Broke 

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And when your employer raises their prices by 50% and gives their employees 5% raises.

​@bobbysbicycle you do know your employer is getting rekt by inflation 2 right

@@bcjammer87as a business owner this inflation is hurting my business badly.

81 million magical people don't seem to care and won't next November either

Right there with you

Intelligence

Yeah we live in seattle area & we are renting to own our property from family. Everyone has to live with family here hah! You’re not alone.

Good for you!

Shoot 1 bedrooms go for 2000 near me. I remember when they were 1000 just a few years ago.

​@@AmericanWears yeah I know people who lived in Apts for $800/mon before and during covid to $1900-$2000/mon 2 years later and they are in shitty areas and havn't been updated in decades.

That’s an amazing sacrifice!!! Hope the best to you 👌🏽😊

@@TogetherForeverOct09 thank you....I have some of my journey on my RU-vid channel Fearlessfly100

Not really a weird take at all. Sometimes it's better to pay for a newer car than constantly have to repair an old car that will constantly break down on u

​​@@deathdealer13catThe cost of repairs are still way less than the depreciation on those newer cars. You can do a low of repairs compared to the value you loose. Plus, cheaper older cars have lower insurance costs. Also, after a few repairs, they are usually fine for a long time.

Lol. i laugh at comments like this cause why don't you go into private investing?

You need more on debt and money creation.

It is always good to have a bal financial plan. I work with a professional planner and fixed-income strategist in NY, Loren. the fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.

how has that worked out for you so far?

Great actually. I am one of many private clients under Loren, with private investing I made approx 500 thousand in the past 10 months, 200 is ready to redeploy back into the equity and money markets in the ratio as rebalanced by Loren. You are welcome.

This comment is too sophisticated for the RU-vid crowd 😂

Too based, you're on 🔥🔥🔥

How on earth do you pay cash for a house when you have other living expenses? It just makes common sense to borrow and pay it off on time? When you borrow you argee to pay it back and there is nothing wrong with that.

​@@thesurvivalist8488Plenty of people go into debt for other things besides their home.

They have products for kids and teens. Both of mine went through their Foundations in Personal Finance class. 😊

That’s your job as a parent because it’s part of basic living

I'm still trying to grasp why anyone relies on influencers... why not just think for ourselves! I'm just not buying into attempts from people who aren't even experts trying to make easy money by persuading others. Sick of all those annoying merchandising/marketing/consumerism attempts.

Who are your friends or social environment? I don't really see this behaviour in real life, and we are all between millennials and gen Z.

Smh

@@JasonBourne-lt6oo you are correct. And who’s fault is it that someone makes $35,000 per year? I can easily be in debt to my eyeballs if I chose to live like everyone else. It’s not about what you make. It’s about how you live with what you make

@@JasonBourne-lt6oo well, there is always option of working multiple jobs. Been there done that

Inflation added an extra $1000/month in my expenses and I run a tight ship. It’s not an inconvenience.

And a wider wealth gap with very few people hoarding all the wealth. I swear, if this continues for a bit more decades, I can see this getting bloody.

@@eegernades I hate this mentality, so people that take on huge risks, work insane hours and live on little money should then share their money with broke people who just had to take out that 58k loan because you got to have that F150. No, live within your means, eating out is a luxury. not a human right.

@@Yattayatta if they're making 50 million, and then get aulti million bonus, and then fire thousands of employees, claiming because it's not in the budget. Yea. Look at the games industry, happens a lot. Nobody needs to be making multi millions a year while they're lowest paid employee can barely get by, while avoiding all the luxuries you listed. Nobody ahold be getting paid 30x the lowest paid employee. If you, the executive, screws up, it should not be the employees who suffered. You and the tower executives need to take the heat first, before the employees do. No golden parachutes. Companies, and you it seems, need to learn from nintendo. When they were floundering during the early 2010s, and losing money, it was the executives and the CEO who came up and announced they are taking a massive pay cut. All the executives cut their pay in half, Nintendos CEO is already one of least paid CEO in games industry. They did that to not let go of any their workers. More companies need to follow suit.

@@eegernadesSo you never ran a company, bad employees are dead weight, and since it's a free market, you will go bankrupt quickly keeping them around. The employees also don't take on risk, the owner does, at most you risk being fired and you can go somewhere else to work. Look at the government for what happens when you never need to fire anyone, an endlessly growing entity that can only ever raise taxes. VERY VERY VERY few are making 50m, and those that do employ so many people that you can't even imagine it. So if you say "hey mr, you can only make 2 mil/year" okay, so I just won't expand anymore, why expand the company anymore, and because very few people are willing to take on the risk and the work hours required, and have enough intellect to run such a business you'd simply have more unemployed people. And no, you shouldn't be able to spend on luxuries when you are providing something that someone else could be trained to do in 5 minutes, and that is comfortable enough to do that you have a multitude of people applying.

@@Yattayatta then it seems the current model is not suitable and needs changing. I'm a web developer, currently running a AI based startup. If 2 million a year, hell, a quarter, is not enough to get these people running, then the system does not work and needs changing. Or these are the people that do not belong in a position and detrimental to society in that position. Greed causes issues, camt have them in a position like that. We need more people like Nintendos Ceo. You mess up, you suffer the consequences, not the employees. And read what I said. It's not the need to never fire people. But if your amazing workers, do what you told them to do, despite them telling you it's a bad idea, and they turn out to be right. You should be getting the consequences. Not the employees who warned you agasint it.

🎉great job

And eventually does help. As much as it sucks to downgrade on products, sometimes you just have to do it to get by for a while.

The little things add up!

Honestly learning how to be a couponer has been sooooo helpful for me. I’m living off my stockpile for the past 2 years (detergent, soap, toiletries)

Except when it comes to credit cards. They think their word is rule and anything else is dumb. Hell jade thinks it's impossible that anyone could be using a credit card and pay it off in full every month.

He's too young. The current president is too old.

​@@amireallythatgrumpy6508after a quick Google search, it seems as though he's 33. So not this election cycle but next cycle 🤷‍♀️

My groceries increased $700/month and my wife and I eat very healthy (non-organic). I am in shape and so is my wife. You don’t know what you are talking about.

@@JasonBourne-lt6ooexactly. Sick of people thinking we are all stupid. $700 increase means he was spending nearly $10k on food every month assuming 7-8% inflation . I live alone and I barely spend half of $700 on food every month

You got this. And the more you watch the Ramsey show and their debt free screamers, the more motivated you'll be. Worked for me. Good luck! 👍🏼

George works very hard! He is my favorite host. Fun too.

I agree! When it comes to improving one's financial situation, especially for those looking to get out of debt, it's essential to prioritize the lifestyle changes that can have the most significant impact. While budgeting is a powerful tool, it's important to approach it with discipline and consistency.

Improving your financial situation, especially for those looking to get out of debt, involves prioritizing impactful lifestyle changes and maintaining discipline in your budgeting efforts.

I believe that budgeting and tracking expenses is the most significant.

We must live within our means.

Agreed! Prioritize impactful lifestyle changes and stick to disciplined budgeting to improve your finances, especially when dealing with debt.

That is a cost savings right there for some people, ditch the overpriced iPhone and get a cheaper one. My cell phone was like 30 bucks and does same stuff as an iPhone.

I just ran my 7 into the ground 😅 I invested into a 13.

Wishing is not a very effective strategy.

@@ordinaryhuman5645 that's my point

Search “Dave Ramsey mortgage calculator” and you can plug in the numbers and find out! 😊

No, it is not

@@JeanValjean875 Thank you :)

@@JasonBourne-lt6oo I don't spend a lot of money, so I identify as one of the poors for most practical purposes.

Yea, that $700/month increase in food isn’t a thing. Just a minor inconvenience

@@GabrielMartinez-sd8pcIt has been closer to $50/month for me, but your mileage may vary.

Sounds like the reason isn't an issue for you is because you have money. I barely do any shopping for groceries but even I've noticed prices have gone up a lot.