How The U.S. Is Stalling A Recession

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Wall Street investors remain braced for a recession. But a turndown hasn't yet materialized, due to strong demand from U.S. consumers. Spending makes up roughly 68% of the U.S. economy. It's remained strong amid high inflation as high-income Americans draw down generous savings accrued in the pandemic. Lower-income Americans who may have exhausted their pandemic savings are increasingly turning to credit cards to finance daily life.
Chapters:
00:00 - Introduction
01:15 - Budgets
04:24 - Credit
06:13 - Split economy
Produced by: Carlos Waters
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Graphics: Christina Locopo
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How The U.S. Is Stalling A Recession

Опубликовано:

15 май 2024

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Комментарии : 1,8 тыс.

@Natalieneptune469 2 месяца назад

Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

@Patriciacraig599 2 месяца назад

Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.

@Christine-ce4xo 2 месяца назад

It's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.

@Natalieneptune469 2 месяца назад

The 1% Millionaires stay rich by staying off high interest debts and investing passively. Personally i made my first million from having investments that spreads across stocks, Etfs, coins and bonds. What i can say to early investors is diversification and solid management..at this point I'm actually grateful for my advisor Julia Hope Marble.. it's been great.

@PhilipMurray251 2 месяца назад

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

@Patriciacraig599 2 месяца назад

out of curiosity i looked Julia up and she seem so proficient, i pray she'll be able to help me attain financial freedom

@Redwood4040 8 месяцев назад

Last year, Powell tanked markets while pledging to continue an aggressive fight against inflation. This year, investors hope a more gentle message will be delivered with inflation off the boil this summer. I’m thinking of investing $400k into my stock portfolio but unsure about the market.

@Emmanuel90970 8 месяцев назад

The question is whether inflation's downward trajectory is convincing enough to take a more measured pace with interest rate hikes, or whether a more aggressive approach is warranted to get inflation close to the Fed's target of 2%.

@judynewsom1902 8 месяцев назад

Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, , and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks. you should try it if you're unsure about the market.

@louis71350 8 месяцев назад

Pls who is this coach that guides you? I’m in dire need of one

@judynewsom1902 8 месяцев назад

Having a good FA is essential for portf0lio diversification. My advis0r is *Sharon Louise Count* who is easily searchable and has extensive knowledge of the financial markets.

@louis71350 8 месяцев назад

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

@billybrannon6394 11 месяцев назад

The financial market is one of the most powerful wealth creation tools that we can use to become extremely wealthy. If you save money, your bank account will grow by a certain amount of money each year. If, on the other hand, you invest your money, your portfolio will grow by a certain PERCENTAGE each year. The distinction between these two concepts is enormous. My net worth has grown by $800,000 since the fourth quarter of 2019.

@cuddyb9631 11 месяцев назад

There are numerous misconceptions about investing in the market, which is why so many people fail to capitalize on it. However, given the current CPI figures, it is not advisable to have money sitting around with no or little profit. I have $60,000 to invest, but it's difficult for me to bite the bullet and do it. What happens if I lose everything?

@oliviataylor4672 11 месяцев назад

You need a Financial Advisor, my friend, to avoid being taken advantage of. They offer personalized advice to individuals based on their risk tolerance, putting them among the best of the best.. Some have a terrible reputation, others with a strong track record can be quite good

@billybrannon6394 11 месяцев назад

I completely agree with you; they can have a positive impact on an individual's portfolio. I began with “CHRISTINE ANN PODGORNY” a trust Financial Advisor. She is verifiable, and her work ethic is in accordance with the 1940 US Investment Act. Her approach is transparent, low fees, and gives me complete ownership and control over my portfolio.

@cuddyb9631 11 месяцев назад

I've been wanting to start investing for a few months but haven't had the courage to do so because the market has been down for the majority of this year. Please tell me how I can rely on such abilities.

@billybrannon6394 11 месяцев назад

She is popular. Therefore, finding her official-website should be easy. Just search for her complete name online.

@SteveDutton-v Месяц назад

Recession! Crash! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.

@mikey43221 Месяц назад

Its best if you buy growth/blue-chip/large caps stocks only. Also, as a newbie its advisable you work with an investment advisor to help set up a well-structured portfolio.

@AllenNichol Месяц назад

Apt!! I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary financial advisor. By restructuring and diversifying my $620k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 30%.

@tmer831 Месяц назад

If you don't mind, how can I reach this advisrr? My retirement portfolio isnt doing greatly.

@AllenNichol Месяц назад

“Vivian Carol Gioia’’ You can easily look her up, she has years of financiaI market experience.

@tmer831 Месяц назад

I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated

@margaritasbunny 10 месяцев назад

I appreciate your teaching my friend my advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless. I’ve only ever saved($510,000), never invested but want to start.

@HelenaBonham-pz4ly 10 месяцев назад

My portfoli. has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.

@roykings 10 месяцев назад

@@HelenaBonham-pz4ly As with any big financial decision , it’s important to keep your guard’s up for economic risks. However, smart planning ,time management and seeking advise from a financial adviser can help keep you and your money safe.

@PhilipMurray251 10 месяцев назад

@@roykings Absolutely, I agree, and the markets are currently in a frenzy. The greatest time to observe them, learn more about them, and take advantage of opportunities to strike is now. My F.A, "Elizabeth Pan Holt," who has witnessed hundreds of market cycles over the past three decades, taught me this. She has an intuitive understanding of how things move, why they move, and what will happen next

@gracesdonny1532 10 месяцев назад

@@PhilipMurray251 Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.

@PhilipMurray251 10 месяцев назад

@@gracesdonny1532 Most likely, you can find her basic information online; you are welcome to do further study

@chrisbluebird5037 6 месяцев назад

A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

@selenajack2036 6 месяцев назад

You’re right! The current market might give opportunities to maximize profi.t, but in order to execute such effective transactions, you must be a skilled practitioner.

@mesutserim1595 6 месяцев назад

On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then.

@kaylawood9053 6 месяцев назад

There's a decline in my port_folio. lost over 12 thousand this week alone. Can you link me up with your handler?

@mesutserim1595 6 месяцев назад

The advisr I use is actually quite known, you might have heard of her, Heather Lee Larioni, she's been featured on several platforms including CNBC and Bloomberg, you can search her name.

@kaylawood9053 6 месяцев назад

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

@HafezBd Год назад

vIn light of the situation right now, I believe I should watch a video on "How to survive the current recession." Actually, it's a complete failure. I was astounded by some people's ability to earn more than $k in a short amount of time. If that's still the case, do explain how.

@harod033 Год назад

Professionals are currently dominating the market since they have both the necessary strategy for making money in this industry and access to confidential insider market information.

@patrickperez7387 Год назад

Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.

@Igorstravinsky788 Год назад

@@patrickperez7387 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.

@patrickperez7387 Год назад

@@Igorstravinsky788 Funny you said it; I totally get it. Look her up; she was a prominent 2020 news figure. Am I permitted to say this? I'm not sure. My portfolio is under her management as well.

@williamporter5333 Год назад

@@patrickperez7387 This recommendation comes just in time because I'm literally grasping for straws right now! I looked her up on the internet and made plans to call her.

@MalindaDeleon 11 месяцев назад

With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?

@Adukwulukman859 11 месяцев назад

True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $150K all within 14months.

@ZITABELCOMEDY-xf1ws 11 месяцев назад

@@Adukwulukman859 I will be retiring in two years and I have a goal of doing that with $1M. How can I reach out to your guide?

@Adukwulukman859 11 месяцев назад

@@ZITABELCOMEDY-xf1ws The advisor I use is actually quite known, you might have heard of her, Laura Marie Ray, she's been featured on several platforms including CNBC and Bloomberg, you can search her name.

@DravenCanter 11 месяцев назад

These comment chains feel like an ad.

@woof8929 11 месяцев назад

@@DravenCanter that’s cause it’s literally bots talking to each other

@matturner8 3 месяца назад

Recession is often the result of external factors, and it appears that the United States is losing its grip as a federal reserve currency. With a decreasing ability to control inflation and a reduction in stock and oil trading, it seems that a new multilateral world order is on the horizon

@ScottArmstrong12 3 месяца назад

It's important to keep in mind that investing is a zero-sum game with both good and bad days. However, by spending and investing wisely and diversifying your holdings, you can minimize risks and maximize gains. Hiring a knowledgeable investment advisor with a wide range of options can help you achieve this and leave little room for regrets.

@ritalorrigan 3 месяца назад

I personally worked with an investment advisor to diversify my $401k portfolio across multiple markets, resulting in over $980k in net profit from high dividend yielding stocks. With the right guidance, you too can make informed investment decisions and achieve your financial goals.

@KevinClarke9 3 месяца назад

Currently, the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.

@ritalorrigan 3 месяца назад

Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this FA?

@KevinClarke9 3 месяца назад

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, Carol Vivian Constable 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.

@RosesKate-dl9fp 5 месяцев назад

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

@Philippayne-sk3tj 5 месяцев назад

Yes, truly, investing in the market, even if it's just the S&P 500, can keep up with inflation, because the growth rate of stocks will always exceed the inflation rate. But if you don't have the courage, you could just invest with a financial advisor, which even has greater return on investments, while securing your investment against losses.

@GrammyHanks 5 месяцев назад

Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!

@RosesKate-dl9fp 5 месяцев назад

To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.

@GrammyHanks 5 месяцев назад

Renowned for her proficiency and expertise in the financial market, “Pamela Kay Regel” my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.

@RosesKate-dl9fp 5 месяцев назад

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.

@chris-pj7rk 10 месяцев назад

Inflation depreciates idle money. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $200K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further

@jamescomb1170 10 месяцев назад

The main problem is that most folks don’t care about anything other than football, Basketball and Music etc. They find it normal to take credit card debt which will cost them 20percent per year but considers it risky to invest their money and make 10percent or more per month. Learning to avoid high interest debt while also learning how to put your money to work for you by investing is a very powerful combo

@jameswood9772 10 месяцев назад

Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors who can help shape up your portfolio.

@jessicamoore3093 10 месяцев назад

@@jameswood9772 Please i want to learn how to manage and invest my resources, can you leave behind the name of the F/A guiding you

@jameswood9772 10 месяцев назад

Having an advisor is essential for portfolio diversification. My advisor is Lisa Angelique Abel who is easily searchable and has extensive knowledge of the financial markets...

@jessicamoore3093 10 месяцев назад

Thank you for this amazing tip. I just looked the name up, wrote her and scheduled a call.

@austingraff1881 6 месяцев назад

With all of the current events, what is the best approach to profit from the present market? I'm still debating diversifying my $400k stock portfolio to obtain some profits while minimizing risk.

@alexyoung3126 6 месяцев назад

Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.

@jessicamoore3093 6 месяцев назад

Pls who is this coach that guides you? I’m in dire need of one

@jessicamoore3093 6 месяцев назад

Thanks, I just googled er I'm really impressed with her credentials. I reached out to him since I need all the assistance I can get.

@charliehunnam5187 8 месяцев назад

I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.

@mateosantiago5795 8 месяцев назад

The market has gone berserk! regardless of experience level, everyone needs a sort of coach at some point to thrive forward.

@aarondaniels5525 8 месяцев назад

True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

@AmberDen5293 8 месяцев назад

How can I contact your Asset-coach as my portfolio is dwindling?

@aarondaniels5525 8 месяцев назад

Can't divulge much, it's only right you do your due diligence. I'm been guided by Olivia Maria Lucas and most likely, the internet is where to find her deets.

@donalddavis4387 8 месяцев назад

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 résumé.

@EverlyndPerez 6 месяцев назад

There seems to be skepticism amongst investors regarding the Fed's plan to continue increasing interest rates until infloation is stabilized. As for me, I'm in a crossroad, uncertain whether to invest $150K into my stock portfoli. What is the best strategy to capitalize on this current market.

@BenTodd-fl8nv 6 месяцев назад

There are tactics that can be implemented for consistent gains regardless of the state of the economy or the market, but such executions are often carried out by investment specialists or advisors with experience.

@RickWatson-xu6gw 6 месяцев назад

I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@judynewsom1902 6 месяцев назад

wow amazing Please can you leave the info of your investment advisor here? I'm in dire need for one.

@RickWatson-xu6gw 6 месяцев назад

My advisor is “Alicia Estela Cabouli” 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.

@HarrisRyan-oy8eo 6 месяцев назад

Thank you for the helpful tip. it was easy to find your coach. Before scheduling a phone call with her, I made sure to do my due diligence. Her résumé looks impressive, and she appears to be highly proficient in her field.

@Sheil-hard Год назад

I see 2-3yrs recession. Fed will raise interests in Sept 2022 if inflation doesn't peak. Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

@lipglosskitten2610 Год назад

@hermanramos7092 Год назад

I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of AUD580k within 16-months from an initially stagnant Portf0lio worth AUD85k.

@kenanporubsky2122 Год назад

@@hermanramos7092

@kenanporubsky2122 Год назад

@@hermanramos7092 Catherine really seem to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

@traffic_cone_3000 Год назад

traffic cone here to redirect the comments away from this spam thread

@CasparOgden 11 месяцев назад

Major indexes booked their worst yearly performance since 2008 thanks to drivers like the recession, war, hiked interest rate and inflation which so far doesn’t seem to be easing off, so I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy or do I wait?

@albacus2400BC 11 месяцев назад

It’s a good time to buy in on the market, so seize the opportunity to purchase stocks on sales.

@judynewsom1902 11 месяцев назад

I think stocks will plummet further before actually experiencing steady growth and there are still quite a few stocks that makes for a good buy this season, you just have to do your research, but to be on the safer side and not second guess your market decisions, I’d suggest you reach out to a proper investment adviser for guidance, they’re better equipped at understanding market patterns/movements and adjusting portfolio to match up with these market trends.

@ericmendels 11 месяцев назад

That does make a lot of sense, good for you though, unlike us, you seem to have the Market figured out. Who is the advisor guiding you

@judynewsom1902 11 месяцев назад

“Kaitlin Rose Sternberg” does a good job. She is quite the genius in portfolio diversification. You can look her up on the web as she is SEC regulated.

@ericmendels 11 месяцев назад

Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.

@TracyEnochs 10 месяцев назад

Recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement.

@jamescryptoguru-md9nv 10 месяцев назад

Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.

@MiguelLopes-fi6fz 10 месяцев назад

@@jamescryptoguru-md9nv I agree with you, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k.

@SkylaRobinson-tt4zu 10 месяцев назад

@@MiguelLopes-fi6fz Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.

@MiguelLopes-fi6fz 10 месяцев назад

@@SkylaRobinson-tt4zu SOFIA ERAILDA SEMA

@MiguelLopes-fi6fz 10 месяцев назад

That's my licensed Financial advisor you can easily look her up, Thank me later

@victory725 Год назад

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio

@justinokraski3796 Год назад

Spend it on blackjack and hookers

@branonlamphere9624 Год назад

Sell it, you’re going to need that money for food and gas

@-Legacy Год назад

Markets have mooned since you’ve said this

@jessmelgar219 Год назад

Do not liquidate when the market is low. If you think that buying high and selling low is a good idea, I implore you to consult an accountant or psychiatrist not youtube

@Leo9ine Год назад

PSA: THESE PEOPLE ARE BOTS AND THESE COMMENTS ARE A COMMON SCAM. NEVER TRUST STRANGERS TELLING YOU TO USE A SPECIFIC INVESTOR OR WEBSITE. CNBC - The top comment on any financial video you make is ALWAYS a scam like this. You need to pay attention and block them.

@nicolasbenson009 8 месяцев назад

It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.

@RaymondKeen. 6 месяцев назад

True. I first came across investing in the market in 2019. Already stashed about $80k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.

@RaymondKeen. 6 месяцев назад

Allow me to introduce you to my financial advisor, Margaret Johnson Arndt. Her expertise in portfolio diversification is truly exceptional, having her as your guide can significantly enhance your investment journey and boost your profits returns

@bennycarter5249 6 месяцев назад

This is so out of touch.

@tylerward4386 5 месяцев назад

Only if the net economy grows. Yet now we're seeing the effects of completely draining new resource vectors. In other words it was never infinite growth, it was always temporary and now it's shifting.

@numenthehuman Год назад

They're gonna bleed us dry then act shocked when the recession still happens 😂

@jackvankirk8552 Год назад

We HAD a recession last year (2 consecutive quarters of negative GDP). They just redefined "recession" because it would make President Alzheimer's look bad.

@numenthehuman Год назад

@@jackvankirk8552 yes yes I know

@GreggyMcfly Год назад

*depression

@numenthehuman Год назад

@@GreggyMcfly already have that 💀

@looseygoosey1349 Год назад

@@jackvankirk8552 not a recession. not yet. The economy doesnt care who the president is.

@Peter-bt9gt Год назад

so the goal is basically drain the middle class's bank account

@TomNook. Год назад

the goal is no middle class by 2100, just the wealthy powerful elites and the working masses

@Chad_Max Год назад

Trust me, you don't want a hyperinflation environment. It will turn people into complete savages....

@jeffrucks4477 Год назад

People have too much money.

@juannevindez6969 Год назад

@@jeffrucks4477 rich people. Middle class is drowning in debt.

@rahulvig5298 Год назад

That's not the goal. Overtime the difference between the rich and middle class will go much larger. It's not the goal but the consequence of several things. Google it😅

@32srt32 Год назад

dont ever borrow money from your home equity! unless you have exhausted all other options

@dorhocyn3 Год назад

For real, it’s an absolutely horrible idea. Maybe if you have to get a life-saving operation.

@monacoofthebluepacific2571 Год назад

And also don't ever take a reverse mortgage!

@Striker50_ Год назад

@@monacoofthebluepacific2571 That's not an option until both homeowners are 62+

@monacoofthebluepacific2571 Год назад

@@Striker50_ It's still a horrible idea.

@Striker50_ Год назад

@@monacoofthebluepacific2571 There aren't many alternatives when someone is living on fixed income

@Raymondjohn2 11 месяцев назад

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

@kenanporubsky2122 11 месяцев назад

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

@lipglosskitten2610 11 месяцев назад

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

@hermanramos7092 11 месяцев назад

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

@kenanporubsky2122 11 месяцев назад

@@hermanramos7092 Impressive can you share more info?

@hermanramos7092 11 месяцев назад

My advisor is "Catherine Morrison Evans". In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. she has years of financial market experience plus she is also FINRA & SEC verifiable.

@CatEyedGoddess Год назад

I have a corporate America job and my salary hasn’t kept up with inflation in the slightest. Each year it was getting tighter and tighter because my large super successful company only gives 1-1.5% annual raises and they did away with bonuses ( for ppl not in upper management, the ones already making 6 figures). If it wasn’t for Doordash, Instacart, GrubHub, Uber Eats and Amazon Flex I wouldn’t be able to make it. Someone told me if I went to college and worked hard I would be middle class, with the house and vacations that come along with it. All I got was a piece of paper, a crap ton of debts, the inability to save enough to buy a house, a corporate job that I work my tail off for and am rewarded with thank yous and stagnant wages, health insurance that when utilized only puts me further in debt and the list goes on. If I would have know this, I would have gotten a trade and a union job. HVAC or plumbing, yeah, I would be fine with those salaries. But, let’s get real this isn’t inflation, the is corporate greed at its finest, aka, price gouging and DC is a happy participant.

@africanlegs 11 месяцев назад

Was in a similar situation and doubled my pay by moving to a new company. It's not easy but sticking in the same company and getting those minimal raises will take you years to match what another company might offer you. Best of luck!

@abyss5883 11 месяцев назад

Lol “this isn't inflation" yeah it kinda is. Why don't you quit your job if you're so against corporations buddy o pal?

@coastalgeorgia6558 11 месяцев назад

Agree. Middleclass of 50-60 yrs ago almost completly gone. Unions shut out. Wages super stagnant.

@Fatelovesirony960 11 месяцев назад

@@abyss5883why do you fail to see how nasty these companies are all because you like getting fed

@lopadova_ 8 месяцев назад

You should be switching companies every year to maximize salary growth. It’s your fault your salary has stagnated…

@ClementRusso2 8 месяцев назад

Youngsters starting in investing need to learn the ropes, know how much risk they can handle and spread their investments around. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your money.

@Clearvaluie 8 месяцев назад

Overall, the stock market provides a platform for buying and selling shares of publicly traded companies, offering potential opportunities for investors to grow their wealth, but it's essential to approach it with knowledge and caution.

@Rodxmirixm 8 месяцев назад

Putting your funds into stocks can be a smart move, especially if you've got a dependable trading strategy that can steer you toward profitable days ahead.

@antonnohr 8 месяцев назад

I've been getting assisted by a Financial Advisor for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

@antonnohr 8 месяцев назад

Can't divulge much, Stacey Lee Decker is the advisor that oversees my portfolio. She's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find her on the web.

@dgyson 8 месяцев назад

Thanks, I just googled Stacey Lee Decker and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

@ronch550 Год назад

I'm not from the USA but man, prices are going crazy.

@artchick07 Год назад

The prices are unreasonable. It's going to hurt so many.

@dorhocyn3 Год назад

No joke, I go into the auto parts store or Walmart and stuff - Random items are totally jacked up in price. Very random In a way that a lot of people don’t really notice at first.

@ArtaxForever Год назад

Companies are aiming to profit from the recession. Jack up profits while they can, then time the sale of their stocks when the recession finally hits, in part from their prices...

@bethriley9757 Год назад

Stay where you are!!

@AvenueI77 Год назад

Even with groceries you have to pick and choose "Wisely" now of days because before you know it your almost at a $100 bucks for a few items in your buggy

@slambamwam3597 Год назад

So to summarize, wages are stagnant, prices are higher, but the consumer is in a healthy spot to keep spending to prop up business. As long as consumers are willing to take from their savings, business will be fine. Great.

@chriswhynder8311 Год назад

that savings will only last so long

@tsaka784 Год назад

Most Americans have less than 1000 dollars in savings so the economy is being propped up with credit cards.

@amdl270 Год назад

I don’t know why we measure success in the US by GDP and spending. Medium consumer savings should be the indicator

@Empress3587 Год назад

Exactly that's all America ever really cared about is their bottom line their money never about the people I can't wait to see how this goes when people stop spending their savings because they have none left due to the high cost of living alongside stagnant wages😊

@chowsquid Год назад

@@amdl270 nobody is measuring success as you say

@PrettyPrincess9609 Год назад

I remember the 2008 recession. My mom lost her job and we were homeless for a while. We went from motel to motel and had to live with family. I knew that a recession was coming in 2023 so I have been cutting back my spending. I also opened up a high yielding savings account and I been saving more money. I also plan to open a ROTH IRA account.

@MALIK-fk1rz Год назад

cool homeless boi

@moneymane1082 11 месяцев назад

Be on the look out, times like this create opportunities for some and losses for others

@Anonymous-wt6ii 11 месяцев назад

Yeah, always save up some money in case it happens. Fyi, 2023 isnt even showing any signs of recession yet, because inflation rate isnt dropping much yet. When interest rate is higher than inflation rate while inflation is dropping, then during then recession will come. Most likely 2024.

@leoarzola4791 11 месяцев назад

@@Anonymous-wt6ii at my job almost every one isnt getting their regular hours. Being sent home early. Its already starting

@Anonymous-wt6ii 11 месяцев назад

@@leoarzola4791 then properties will start to fall once China falls. All property agents will suffer just like in 08 but in Asia.

@raxjax8787 Год назад

Cost of living just continued to raised, Jobs are not increasing people wages and salaries to catch up.... What makes you think people got money to spend.

@galupproperties3098 Год назад

I think it depends how you set yourself up. Later this year I’m paying 27k cash for a 2022 Corolla hybrid.

@raxjax8787 Год назад

@@galupproperties3098 a lot of people are in different situations, not everyone is fortunate enough to be in a situation able to save up money. Some people are supporting themselves, some people are not fortunate to stay and live with their families to save up money and don’t have much bills… everyone different man

@happycook6737 Год назад

People I know have quit all discretionary spending..

@zoridattacks3173 Год назад

“I’m living at home” it’s a fun way to say I’m living with my parents. Glad she has that option.

@derrickdavis7917 Год назад

Exactly... Why not just come out with it straight? How many people can do that?

@we8608 Год назад

@@derrickdavis7917 and she's in her 20s. People in their late 30s and above don't have that option.

@Dottydawes Год назад

Living “off” her parents…. Not with. I have no problem with it either. If that’s what it takes to move ahead financially good on her.

@xbirdsofparadise Год назад

Nothing wrong with that. In a lot of cultures kids live with parents long into adulthood or even marriage

@pbx7257 Год назад

Living with her parents… privileged.

@aritragupta4182 Год назад

Prices are crazy. As are the profit levels of many companies.

@Drucio1 Год назад

If you think about it the crash will be hard hitting I think the prices will be forced down of goods... But a ton of families will get hurt in the process....

@DS-vx3wf Год назад

@@Drucio1 it's always the poor and middle class who suffer

@RM-jb2bv Год назад

Is that why so many stores and franchises are closing and people are getting laid off?

@BangBangBang. Год назад

aS aRe tHe pRoFiT LeVeLs oF mAnY cOmPAniEs

@horridachillesful Год назад

This! They should be covering the record profits these companies are making

@gamer3642 Год назад

After the summer boom and student loans start that’s when the recession will start consumers are not going to spend as much anymore.

@ArtaxForever Год назад

Thanks for the insight!

@WxFly11 Год назад

That's what I think too. I know it'll definitely be a recession at my house!

@Striker50_ Год назад

Summer is where people will spend a lot to make it look like they're living large; that is until the bill comes due

@MrJahka Год назад

@@Striker50_ people consume the most in December in the US, no?

@rickm8456 Год назад

Could have same thing last year. Didn’t happen.

@herbertumanzor2324 Год назад

+32.8% home price increase in just 3 years, makes me sick to my stomach 😢

@johntran1352 Год назад

Wages went up as well. Dont look at the picture one sided.

@videogarage9221 Год назад

@@johntran1352 Wages are not up 30%+ over the last 2 years. Did yours ? I don't think so.

@doujinflip Год назад

Thank those businesses (both corporate and rich family) buying out houses they don't themselves need except as an "investment" to sell at their leisure at your expense.

@BornAScout Год назад

They want to analyze everything *except* the fact wages have been stagnant for decades.

@BrendanGeormer Год назад

Weird that we've never seen an impending recession/bubble burst become worst due to trying to stall it, say.... 15 years ago.

@supermansuperman9066 Год назад

The Dow rose 56% during Trump's Presidency. This was near 11.8 % yearly. It had a Tremendous rise as soon as he won Office. I don't know how anyone can say that the stock market wasn't historically high over and over during Trumps POTUS . It hasn't dropped too bad even under Biden's " Reign". The reason I believe is that Investors have been since day one of Biden, hoping for a Trump win for #47. Stay in and invest for the long term. Don't worry.

@AxlAX Год назад

@@supermansuperman9066 💯

@renegade9777 Год назад

@@supermansuperman9066 lmao!

@Leo9ine Год назад

Of course the DOW did great under the shill who sold out the American people to corporate interests, what a surprise

@SocietyNeedsImprovement Год назад

I wish we were as focused on everybody having access to food as we were on how much spending is in the economy. Our economic model ignores the needs of people.

@nensondubois Год назад

Very true.

@yongchen4158 Год назад

Isn’t that what food stamps is for covering basic need like affordable housing basic needs

@jerseycatmews828 Год назад

Spoken like a true communist 🤡. There are food stamps and food banks. People in third world countries don’t have these benefits. Be grateful you’re more fortunate than non-Americans people really really struggling for food

@SocietyNeedsImprovement Год назад

@@yongchen4158 I think that a lot of people think that. There are food stamps and food drives and other programs but they don't meet the needs of Americans, let alone the rest of the world. And, people aren't really aware of it. Tack on poor access to housing, clean drinking water, etc and the situation is actually a lot worse than that.

@Anthony-db7cs Год назад

We have the means to getting everyone food. Our government won't pass meaningful legislation to make it happen. The economic numbers are important.

@aldoogie824 Год назад

Never under estimate the American consumer’s ability to spend way beyond their means with a credit card in hand.

@johnwilkins3995 Год назад

My fellow Americans are stupid. I make 100k bc I work tons of ot. Paid off car, huge rainy day fund. Multi invested. I hope to retire early to get out of this madness.

@cpufreak101 Год назад

@@johnwilkins3995 damn I'm in a good financial situation but I can only hope to have the actual knowledge to do good things with it. Feel like taking on a car payment was a mistake but it was a necessary purchase

@johnwilkins3995 Год назад

@@cpufreak101 good for you, save and buy a cheaper car and pay it off. All depends on goals I suppose. Buying a house in future? Need cash. Rates going up help the savings actually now.

@cpufreak101 Год назад

@@johnwilkins3995 it is a cheaper car no worries there lol, it was circumstance with my previous one getting totalled out that led to the purchase

@julieheath6335 Год назад

LOL!

@michaelashby9654 Год назад

How many times can the experts tell us "this time its different" be proven wrong, and we just forget and move on? Apparently many times.

@GreggyMcfly Год назад

It's not. Expect it to crash within a few months. If not, maybe shorter.

@chriswhynder8311 Год назад

@@GreggyMcfly why with in a few months?

@someoneelse9059 Год назад

Rinse and repeat…. Stupid people are, stupid…. Who would have guessed.

@cas343 Год назад

@@chriswhynder8311why not lol

@Dottydawes Год назад

Who said that in the video… Jerome ( Mr inflation is transitory) Powell. His credibility is lower than whale crap.

@Dee--Jay Год назад

Just because inflation is coming down don't mean prices are coming down. It just means its likely prices are towards the end of going up. Throughout history, prices never came down. You know these money hungry companies not gonna give back their extra profits

@asadb1990 Год назад

Prices will never come back down.

@Demopans5990 Год назад

They will, but only when everything else has been set on fire

@RM-jb2bv Год назад

That’s not how any of this works you brainwashed goon. What companies are you even talking about? Businesses don’t just get to pull prices out of a hat and force customers to pay. If that’s the case, Why don’t you start a company? Go collect dirt outside and sell it to your neighbors at $50 a jar.

@Combat_Medic Год назад

Except Tesla has decreased prices on a few models and Nissan has cars under $16K again. Egg prices have gone back to normal. Milk is back to $3.50 a gallon. Keep living in your fantasy land.

@GreggyMcfly Год назад

@@asadb1990 They will. All we have to do is tell those price gougers to take a hike. Shell, Speedway, and BP set their prices to $3.99 in my area. I don't care because I don't go to them anymore. Sam's Club beats them every time, and it's the same gas. Go figure. I boycotted those three giants.

@alooga555 Год назад

Where I live, property taxes are killing me. Sure, my house is worth a lot more, but I can't fully tap into the equity I've built up until I sell it.

@jbar_85 Год назад

I live in South Florida. Property Insurance is going SKY high. It is going to ruin many lives. People will have to move because they can no longer afford it anymore.

@AznPrzsn Год назад

Sounds like ya should sell then!

@InternetUser._ Год назад

One of the reasons I rent for my primary residence. Insurance and taxes alone would cost me more than my rent.

@gossling77 Год назад

@@jbar_85Would You like to share how high are they? Im just curious to know

@Matthew-rp3jf Год назад

Sell then. Nobody feels sorry for your increased taxes.

@roseroland1998 Год назад

It surprises me why everybody gets really worked up about inflation and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.

@lisaollie4594 Год назад

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

@anthonyrussell5718 Год назад

@@lisaollie4594 True. I first came across investing in the market in 2019. Already stashed about $80k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.

@roseroland1998 Год назад

@@anthonyrussell5718 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.

@anthonyrussell5718 Год назад

@@roseroland1998 Haha. I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with KAITLIN ROSE STERNBERG, and she's really good.

@roseroland1998 Год назад

@@anthonyrussell5718 I looked her up online and found her website, which I browsed and went through to learn more about her credentials and career. I set up an appointment to use her services.

@TikkaQrow Год назад

I'm a consumer, and I'm spending more than ever. On rent and food XD

@2polopolo2 Год назад

Society depending on people buying unnecessary things with money they don’t have

@vincentharris7909 Год назад

💯!

@TheLegitAlpha Год назад

There is a solution to prevent recession, but it means radically changing the economy to move away from focusing on growth.

@ce9916 Год назад

What should we focus on?

@milosalisbury1593 Год назад

@@ce9916 the needs of the people. Rather than every company just focusing on getting bigger profit margins, then using those profits to buy out politicians to do the bidding of these companies. Wealth inequality is at an all time high. The rich have gotten so rich, and theyre brainwashing the poor to fight over the scraps. The best tangible things we can do at this moment are vote for grassroots politicians who do not accept corporate donations, start unions or join unions if applicable, and talk to others about all of this. The people will only gain power if we stand together and take it back from tyrant billionaires.

@bluefernlove Год назад

@@ce9916 increase quality of life for all. But as soon as you hear social based proposals, you scream "commies" and that's as far as it goes. If government spending was focused on its people, instead of saving big businesses or engaging in wars, it would be a very different tune.

@ce9916 Год назад

@@bluefernlove many people who advocate the kind of solution you’re mentioning don’t understand the dynamics of incentives. Other people tend to view the world without nuance, just like you did. Become the change you want to see.

@levmoses742 Год назад

You may be correct, and if we had growth without Greed aka limits on CEO and c-suite pay so everyone in the company can make a living wage, that might also help. $7 or even $15/hour for “essential workers” like the people picking and our food, keeping our place’s sanitary, or even managing food servers, was never a long time plan that was gonna succeed.

@SpiderpigThe Год назад

I don't even remember when i went to a fancy restaurant or took a vacation. I used to do this so much pre-2021.

@vancedthobehill8048 Год назад

My pay increased by $300 and my rent increased by $3500. I work full time 80 hrs and make more than 2x federal min wage but now I might need a second part time job for rent. As it stands now all i do is work. Sleep and repeat. I can't stand living like this but without any family or a womb to start my own it's rough out here. I remember rent being $750 for a 2 br HOME now you can't get a 400ft studio for under $1100

@alphaomega1351 Год назад

For goodness sake, why don't they just let the inevitable kick in already! Bring on the recession or depression! Anything to get back to some state of normalcy!!! 😶

@braeplvto Год назад

people are just too comfortable they dont wanna go through a reality check

@ThormanBoucher Год назад

Interestingly we had a similar discussion today at work around the lunch table. We are all paid comfortably above average, approx twice the average UK annual salary. But we don't feel well off and we were saying how we feel for how tough it must be for many people. But then at the same time, once you take off my taxes, NI, and student loans, my take home pay is not significantly above that of an average person without a student loan. How can we generate more income during this period of quantitative tightening? I have $70,000 to grow

@GarrettDills Год назад

Investing in stocks can be a wise decision, especially if you have a reliable trading system and good knowledge of how the market works. That can lead you to fruitful days of success.

@CristianHulbert Год назад

It's difficult to give a definitive answer on this topic. However, one option is to keep things simple and consult an investment-advisor. They can help you determine your risk appetite, avoid common mistakes, and provide a broader perspective on your investment landscape.

@velayuthman Год назад

@@CristianHulbert Please can you recommend any reliable investment-advisor. I need strong ideas on how to distribute my life savings of approximately £5 million

@CristianHulbert Год назад

@@velayuthman It's best you do your due diligence, I have my portfolio overseen by “LISA ELLEN SHAW" and her qualifications speak for itself. Most likely, the internet is where to find basic info, she has a noticeable page for consulting.

@Shultz4334 Год назад

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

@tampabayrodeo2474 Год назад

The removal of the Glass-Steagall Act in the late 1990s, which contributed to the dramatic failure of large banks during the financial crisis of 2007-2008, was a very unwise decision. Dodd-Frank and this Act both need to be reinstated immediately in order to avert another catastrophe. If nothing is done to fix the current issue, what happened with SVB is merely the beginning of what will occur.

@mcginnnavraj4201 Год назад

In my opinion, SVB was attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.

@hannahdonald9071 Год назад

@@mcginnnavraj4201 Only a good FA will be enough to guide you through the current market volatility. I've been speaking with an advisor for a while now, primarily because I don't have the necessary expertise or stamina to handle these recurrent market conditions. The fact that I made over $220K during this downturn proved that there is more to the market than the typical person is aware of. The greatest course of action right now is to have an investing consultant, especially for people who are nearing retirement.

@graceocean8323 Год назад

@@hannahdonald9071 We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

@hannahdonald9071 Год назад

My Financial Advisor is JEANNE LYNN WOLF. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

@graceocean8323 Год назад

@@hannahdonald9071 She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.

@MrTeamadi Год назад

Consumers are spending more due to basic utilities increasing . Yes, wages are increasing but utilities and expenses are rising faster than salaries so "real" salaries are going down

@JP-xq7fo Год назад

Wages are increasing? News to me....

@DezaRay24 Год назад

@@JP-xq7fo riiiigght!!

@Dottydawes Год назад

Statistically wages were growing around 4.5% on average. The problem is if real inflation is around 7-8% ( not the juiced number the fed creates) you are falling behind 2-3 % points a year. You either adjust your standard of living ( lower) or go broke.

@Ryan-cb1ei Год назад

@@Dottydawes Or maybe tax upper class/the rich more so we can have “free” social programs for all. That’d help a lot more

@Dottydawes Год назад

@@Ryan-cb1ei there is too much “free” stuff. Per the Labor Dept there are 9 million jobs available. Antidotally, I see hiring signs all over the place. Maybe folks need to get a job, or a second job, to move forward and be less reliant on others to fund their lives.

@chris2746 Год назад

So many people have been forced to cut down their spending for so long that the fact that we can only afford to buy the necessities doesn't really change things that much for the average consumer, because that decrease in demand has already been present before because we can't afford to buy anything beyond the necessities. The worst things that companies could do is to try to "get ahead" of a recession by performing major cost cutting and layoffs, because that would then cause a lot of people to then be unable to afford even those necessities. Unfortunately that is exactly what most companies are doing, and will likely be the major leading cause if we have a recession.

@djm2189 Год назад

They have too much access to credit. With the way things are, banks need to limit the credit access to people who carry a balance. Force some actual budgeting. Fed released that 60% Americans can't afford a 1k emergency without borrowing. Everyone seems to have all this extra money vs me and I make over 100k at 28...

@chris2746 Год назад

@@djm2189 I'm in the same situation as you, but I don't see how this is an issue of "too much credit". Credit is the only thing that is keeping a ton of people from starving, and by nature deficit spending is only a temporary solution and they can't keep doing it forever. It is much bigger than a "budgeting" problem. Inflation is way up, but companies are proudly declaring record profits and spending tens of billions on stock buybacks, but then saying "sorry the economy is bad, we can't afford to raise wages" - like microsoft. The only people who have seen SOME wage increases are minimum wage workers, and even then 15/hr isn't enough to afford a 1 bedroom apartment anywhere in the country. This isn't a matter of consumers being bad at money. It is corporate greed.

@djm2189 Год назад

@@chris2746 i agree to the corporate greed 10000%. But you know darn well many people are living way above their means due to credit. You multiply the average consumer to many millions which is the norm. They aren't starving, they could eat beans, rice, or use food pantries. But many want that new car, clothes, fancy food, eating out, etc. If they were capped they would see the ceiling but currently that ceiling keeps moving. Necessity brings innovation.

@Rucnas Год назад

If we have a recession? We're already in a recession. Those companies are preparing for a depression at this point. Lmao!

@Rucnas Год назад

@@chris2746 Corporate greed is just a part of the problems. Americans have a tendency to live above their means. They spend more than they can afford and rotate through multiple credit cards. That's not corporate's problem. That's a personal problem.

@TimothyNeu1986 Год назад

We're only delaying a recession right now. Necessities are price so high that the average consumer is putting them on their credit card to make ends meet. I'm wondering what will happen when the average American family defaults on their debt & cannot pay their bills? Sure the big businesses & banks will write off that debt, but the everyday family will be destroyed. I see in the next few years a massive depression. No joke.

@GreggyMcfly Год назад

It'll happen in a few months, my friend. Don't be scared, be prepared. The consumer will have far more power because of that.

@889976889 Год назад

Depression? Not so much another 08? Definitely possible. Lot of fear mongers out there I heard 2 years ago we were going into a depression still hasn’t happened people mix up recession & depression a lot when they’re not even close to the same thing. Depression is unemployment rate over 10% which we haven’t seen since the 20s

@eagle25311 Год назад

It's all crap. I see expensive vehicles on the road everyday people are buying crap they can't afford then apparently. If they are living off credit then they aren't average. Unless the average person is stupid these days.

@ce9916 Год назад

How do you think business write-offs work?

@Dottydawes Год назад

You fail to mention those who are responsible will end up carrying the load thru increased fees, low returns on our investments, increased taxes etc.

@889976889 Год назад

Stalling ? We’ve been in a recession by definition since July of 2022 it’s really starting to show now.

@lane2065 Год назад

It's bizzare to me that folks are complaining incessantly about food prices but don't have a problem forking out $200.00 for some ear buds at 20% intrest😂

@Tamara-gl5vk Год назад

Stressed people that dont budget do stupid things.

@TikkaQrow Год назад

9:37 'income inequality perhaps shrunk?' no it didn't The average recent college graduate in May 1981 earned $15,200 per year-which is just over $51,000 in 2023 dollars. If you graduate in 2023 and you're NOT making at least $51,000 immediately, you're poorer than your 1981 grad counter parts. Wages aren't keeping up with inflation and it's frustrating.

@we8608 Год назад

The trickle down system isn't working.

@Starry_Night_Sky7455 11 месяцев назад

The sheer number of general college degree grads I see with zero job prospects is sickening. Really I place full blame on the greedy colleges and this corrupt system that knows full well they are exploiting these hopeful individuals without any care what happens to them as post-grads. Having said that, if you play this higher education game right, it can be a lucrative payoff. But that takes knowledge many potential incoming freshman do not have. They are completely naive. Not their fault. Colleges are predatory. They know better yet, fleece these people anyways.

@we8608 11 месяцев назад

@@Starry_Night_Sky7455 there are no job prospects thanks to nepotism and senior citizens who can't afford to quit.

@griffinsutich1067 Год назад

We're "stalling" a recession because we keep changing the definition.

@darlayjones669 9 месяцев назад

The real truth is that consumer spending is based on a pile of debts on credit cards with high interest rates. That's a real recipe for a real disaster.

@patrickwalsh4615 Год назад

The american economy is all B.S. with what we spend on political ads & campaigns, drug ads & stockpiling weapons, we could fully fund health care for everyone & paid parental leave!

@teacfan1080 Год назад

BINGO!

@ppmny7015 Год назад

Gen Z is spending with abandon; still living with parents and not paying rent or energy bills. Both my kids are doing this. That generation is keeping the air in the bubble.

@jidoorifalcon Год назад

The high cost of living is making it harder for young people to achieve independence nowadays.

@ppmny7015 Год назад

@@jidoorifalcon I agree, my girls are 24 and they can't afford to rent a place in our locale without a bunch of roommates. Hell, I can't even afford a house here. 😒

@victorortiz193 Год назад

"I don't like to save money, I like to spend money"; also her: "Last year I was paying rent in Arizona, and I was frustrated because my income was disappearing..." Really?????? Really???????????????????

@kevinslater4126 Год назад

5:05 So I do what exactly, stop eating? Stop paying rent? What choice do I have?

@LoveHandle4890 Год назад

“You think I’m stalling? Stalling!”

@Astro2024 Год назад

"Staaaalliiiiiing!"

@jloop_2008 Год назад

I'm not going to take budget advice on a girl who couldn't afford to live in Arizona, so she moved to California with her parents. What bills do you have, child? Do tell! Lol. What a joke.

@TheAndrew1025 Год назад

Arizona is expensive now! It’s not as cheap as it was before the pandemic… gas is higher here then in San Diego, you won’t find rent cheaper then $1600 a month for a one bedroom apartment unless it’s in a bad area

@think_query Год назад

A guy I know owns a moving company in Arizona and he said it keeps him busy so I guess the stories add up

@Maderasdesign Год назад

She’s not giving advice, she’s telling her story on how the economy has affected her.

@elconejomalo787 Год назад

Arizona has been getting expensive it’s not cheap anymore

@tindrums Год назад

She has a house there and saved on rent. Thats what she said.

@MariaClemons 9 месяцев назад

High prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

@EmmanuelCage-xd7bt 9 месяцев назад

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of investing in the stock market and potentially grow your retirement savings over time.

@andreaberryman5354 9 месяцев назад

I hate risk, so never did stocks, but my mom did. She advised me to buy metals. "Gold is safe". Switch over to silver, copper, gold, and chromium. All of those solar panels.

@Hullified Год назад

Companies need to stop the price gouging.

@beinquisitive Год назад

It is all about maintaining the delusion. We are the coyote running off the cliff while chasing the roadrunner. We are still running, but there is no land beneath us. As soon as we look down... look out below

@YFZriderdude15 Год назад

spot on

@frederickwoodard9551 Год назад

That is why I am holding on to a 14-year old Truck size SUV 🚙 because it still runs great which, there is no reason to trade it in for a newer model and my credit score is shot to hell.

@loriallen67 Год назад

It’s rough out there for many people….😢😢

@jonathanneal9399 Год назад

Most Americans are living off their credit cards. Balances are higher than pre-pandemic balances. Most of the stimulus has been spent, but keep in mind student loans have been deferred for three years now which is an average of $400/month. I see a slowdown brewing when debtors have to start making those payments again which will take away spending from the services mentioned in this video. Also the interest rates jumping from 0 to 5.25 percent will have a lag effect on the economy.

@down-to-earth-mystery-school Год назад

Stimulus was spent in the month it was received for most Americans. The idea that most people were able to save it as discretionary funds is silly.

@swicheroo1 Год назад

I'm not spending less. I'm actually spending more. But I am only able to keep pace with inflation because I was able to make almost double my income. What I'm seeing is people are being more selective in the kinds of discretionary spending. Like I took a bucket list to Japan two months ago, but that was spurred on by the fact that the yen was at an all time low.

@HoLeeFuk69 Год назад

I mean to keep pace with inflation most people would need to double their income

@Tamara-gl5vk Год назад

I have a list and a budget. It also helps to choose when gift buying. You have a lot of days that are heavely marketed. We spend 1ce in summer for a nice bbq on our balcony, we only do bday gift, with xmas we get a 15 euro tree and use ordaments abd decoration we have had for the last 8 years and new year we selebrate with a small bottle of cheap wine. We have weekly movienights at home with the beamer. So lifes good.

@Starry_Night_Sky7455 11 месяцев назад

What a great trip that had to be! ❤

@pawpatrolnews Год назад

Why do people act like a smaller tax return a bad thing? That's a free loan you give to the government. They make money off of your money while you get nothing extra for the privilege of them holding on to it for you for a year.

@Elkemartin213 5 месяцев назад

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

@Greghilton3 5 месяцев назад

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust

@Dannyholt33 5 месяцев назад

In the world of finance, recessions are prime opportunities for wealth creation. When my portfolio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 250k. The knowledge and skills I have acquired through this experience have been invaluable in my journey towards financial success.

@KarlGrabe955 5 месяцев назад

@@Dannyholt33 Please can you leave the info of your invstment analyst here? I need such luck

@Dannyholt33 5 месяцев назад

I personally work with “Vivian Carol Gioia” she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.

@KarlGrabe955 5 месяцев назад

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

@kpreap Год назад

consumers are spending but with CC, we had the housing credit bubble, now we're in the credit card bubble

@we8608 Год назад

There is definitely a housing bubble this time around. And there's a banking bubble (thanks to crypto). And a credit card bubble. And a commercial real estate bubble. And political turmoil.

@kpreap Год назад

@@we8608 doesnt phase tech stocks one bit

@KitwiSauce Год назад

I wish I had the opportunity to move into my parents house, but my family is too dysfunctional for that kind of luxury. If you can do this, take the money and run!

@Soy_Preinaugural Год назад

This soon-to-come recession isn’t due to inflation, or wage increases. Our current economic situation is due to price gouging and corporate greed. CEO’s, shareholders, and companies have reported insane increase in profits during this time.

@ridiculousred604 Год назад

Also big banks like Wells Fargo and credit card companies like American Express Have been rapidly shutting down call centers here in the US laying off American Workers and Moving to India or other countries where they can underpay people and risk all of their loyal US based customers banking and personal info at risk

@mrobfuscation2765 Год назад

Consumers keep spending more on necessities due to out-of-control inflation, using money they don't have as in credit cards. Soon we will not be talking about a recession but about depression.

@Bryan-fb8dh Год назад

We have been in a recession sense the start of the year. Its getting worse. Im a freight driver I know exactly how many goods are made and consumed. Never ask an Economist how the economy is going. Ask a truck driver.

@supadave422 Год назад

We've been in a recession for almost a year. The job opening numbers are cooked with fake job listings, companies guided earnings down for several quarters and the S&P 500 crashed 27% in 2022. Housing just needs to crash to wrap up this cycle.

@someoneelse9059 Год назад

Commercial real estate…

@supadave422 Год назад

@@someoneelse9059Agreed commercial real estate will crash first

@ce9916 Год назад

No, we haven’t. Look at the definition of a recession.

@ce9916 Год назад

@@supadave422 You don't know what a recession is, clearly. I'm suggesting you educated yourself vs. misinforming people who might believe your comment. I don't disagree, because I was not stating an opinion. Just pointing the fact that you don't know what a recession is 🤷‍♂

@jayc4715 11 месяцев назад

Nah

@michaelcre8 Год назад

The inflation problem is real estate hoarding and lording. That's why wages never rise faster than inflation no matter how much they go up. The cheaper it is to hoard and lord, the more inflation there is. That's how the 2017 tax cut on top of Bush's tax cuts hurt most of the economy except for investors.

@Gilgo-Beach-Slayer Год назад

I lost my job recently, I got rid of my cable tv and internet $180 month. I also got rid of my. P.O. Box $249 a year. Its tough out their with high gas prices and food prices. Stay Strong every1 💪

@batnotbad2561 Год назад

Ow nahh.. Not the TV Cable ...

@beth3535 Год назад

Those are solid cuts! Groceries and home energy changes will help you get things under better control. It all adds up.

@unreal111 Год назад

I think as Millennials are approaching in their 30s, they have no choice but to spend more. There are 80 million of them. If they don't start families now, they will never be able to start later. So, most of them are choosing to start families now given the high cost. So the demand will stay high.

@eljefe5858 Год назад

Millenial are almost 40's got over 18-21 before 2000. That is why MILENIAL, MILENIUMM You are refering to z I guess.

@Originaltuber Год назад

@@eljefe5858 I just turned 30 and I’m a millennial. I think the youngest millennials are turning 28 this year. The oldest are 40-41 I believe.

@paytono44 Год назад

@@Originaltuber correct, I'm the youngest millennial year and I'm turning 28 this year. Not planning on having kids.

@unreal111 Год назад

@@eljefe5858 Gen Zs are still being born. A generation is about 20 years long. Gen Zs population will not be as big as Millennials because Gen Zs parents are from Gen Xs. Since Gen X was about 20 million smaller than Baby Boomers (~80 million), it will account for lower economic activity. This is not account for the immigrants. So at the end it might balance off. Thank God for the immigrants, our population would have suffered same as China.

@victoriahope8371 Год назад

Babies and kids don't need a lot besides food, hygiene and medical care. They don't need expensive toys, trips and other things. Just stay in and teach your kids how to learn and do things like math and science. If they want something more luxurious than a dumb phone or basic stuff then they can get jobs to pay for it. Stop coddling your kids. If I get lucky enough to be healthy for pregnancy, that's how I'd raise them. I don't remember the so called vacations my parents took me on or toys so why worry about buying kids stuff they won't even remember? I'm 30 by the way.

@liko098 Год назад

The problem I see is people keep paying the price. Everything is by supply and demand. People keep spending than they will keep selling the same way. Houses with this high interest rates people buy make 0 sense. Honestly its a ticking bomb the feds need to keep interest up. I can assure people are in insane debt overall.

@jbar_85 Год назад

Yep, very true!

@CJ-mt6zd Год назад

Absolutely, no way this economy is normal or healthy. Spend spend spend!

@think_query Год назад

Glad to see someone mentioned Supply and Demand. I find it fascinating that the video mention that income growth for the lowest class grew the most and the highest class grew the least… probably have to verify that data. This kinda makes sense seeing all the hiring signs. Brings up another interesting idea about supply and demand… equilibrium. Now that labor is tight, it is causing the value to go up for labor, labor which is needed for providing products/services. It is bringing society’s needs and wants down to a more reasonable level, especially for those upper income earners. More people should work smarter. If the work/labor that you do is valued below the average income of where you live… it’s time to work somewhere else or a different industry. This is how value “tries” to reach equilibrium. It’s all supply and demand

@OgdenM Год назад

@@think_query , to bad income is still way below what it should be for the lowest paid people. Wages were stagnate for 20+ years! I know this for a FACT! I had a job 16 ish years ago that paid $13 an hour. That same type of job as of 4 years ago still paid the SAME amount of money. Then the city I live in raised minimum wage to $15 and hour and it now pays like $18-20. Nevermind that minimum wage really should be $20 an hour.. IF prices for things didn't increase. .. and that job is not a minimum wage job btw. That job should be paying about $30.

@ronaldoleon48 Год назад

Really crazy how companies are seeing record profits despite all this inflation, wonder if all these price hikes are only accounting for inflation, or also accounting for there massive increases in profit 🤔

@andreaberryman5354 9 месяцев назад

I watched a video on that. Companies complain it's their supplies costing more, yet Hershey's and Nike state that AND BOAST OF MASSIVE GAINS. One company gleefully watched its profit climb 137%!

@noogman Год назад

One of the most concerning credit card traps is online shopping. Many brick and mortar stores no longer carry those low profit items they did in the past. This forces consumers to use their credit card to buy those items online. Bit by bit credit card debt grows. One way to stop online purchases from building credit card debt is to purchase gift cards to use online.

@doujinflip Год назад

Or just learn to zero your credit card balance every month. Debit and gift cards have less protection against the inevitable hack, because it's specifically your money getting stolen and not the bank's.

@ok.ok.5735 Год назад

Because I’m living at home I’m saving that way.?!?! Makes no sense everyone needs to live in a home.

@LostMySauce Год назад

Well you can't live in a box

@ok.ok.5735 Год назад

@@LostMySauce It might be less expensive for a smaller house. But we all literally live at home! Like what am I going to do get a hotel and just visit the weekend

@weird-guy Год назад

Live with your parents .

@TheSomonenew Год назад

I love how CNBC is salivating over the prospect of having a recession.

@ce9916 Год назад

Can you cite the parts of the video that give you that impression?

@AIIICH Год назад

@@ce9916 Recession leads to miserable people with no resources miserable people with no resources, lose hope. Losing hope leads to desperation desperation leads to madness, then destruction destruction = good drama for news companies :) Your 10 minutes of hate are ready for viewing.

@johanneslebrecht3097 8 месяцев назад

People continue to spend because we need to eat, house, and transport ourselves. Corporate America has got us pinned and they love it.

@Brandee. Год назад

I don't even spend frivolous or go on vacations like I used to...everything's so expensive, I brown bag my lunches and sold off my other car...so YOU tell me..

@neutral139 Год назад

I admit, I am a bit out of touch re: keeping a cc balance, but do normal people really keep like 10k in CC debt around? How certain are we that these numbers don't just reflect the amount that hasn't been paid yet on the CCs? Like when the utilization gets reported mid billing cycle?

@OgdenM Год назад

Idk about keeping 10k. But the fact is that most people keep a balance on CCs and having ANY balance on them is BAD, period, end of story. The only debt one should ever really have is for 1) a house 2) a car 3 ) a business

@DreamCatcher-wg1bk Год назад

Nope. Recession just getting postponed artificially. Its gonna happen, but in a different fashion.

@jonathanfgh1 Год назад

It's always great if you can move back in with your parents and use their water, power, cable, internet etc. Let's all do it !

@epbrown01 Год назад

It really is a solid strategy if you can, as long as the person saves/invest the money rather than chasing "experiences."

@innocentrage1 Год назад

Its not great, its why wages have stayed the same so long. I have a buddy who lives at home and goes out to eat every day because he has no bills so he can spend 1500 a month on eating out, meanwhile for me that's a mortgage payment.

@Debkah Год назад

Its weird how americans talk like they will live for ever. Always planing for the future.

@weird-guy Год назад

While I agree that USA is obsessed with past results to predict future returns I think it should be a balance enjoy life but put some money aside incase something happens for example care homes cost an average of 1300€ while minimum salary is at 760€ and average pension at 500€, In my country life expectancy is at 81 years old , with men dying sooner than women.

@talktojmm Год назад

I'd love to know how many people are working 2 or 3 jobs now. With so many businesses looking for people and many of those jobs paying more than they used to, I would posit that many are working more to cover costs, pay down debt, and put money away in savings or 401k, etc. I have yet to hear anyone talk about this.

@happycook6737 Год назад

Yes I have more than one job.

@innocentrage1 Год назад

A lot since unemployment is only at 3%

@we8608 Год назад

I don't know of anyone who only has one source of income. They're either shackled in a marriage or ltr to make ends meet, or they have other means of securing 2 or more sources of income.

@OgdenM Год назад

@@innocentrage1 , the unemployment rate is utterly BS. It doesn't take anyone NOT receiving benefit into account which is really major. It also doesn't take into account people that are underemploymed. (Ergo, either working much less hours then they should be given OR working in jobs WAY under their abilities because they can't find anything else. )

@OgdenM Год назад

@@we8608 , I have a single income, but I'm dirt poor and just don't spend much money and have lucked out that my landlord has kept my rent at the same price for 8 years... Wowo, I now have about 2,000 in savings for the FIRST time in my life. But, I'm indeed very lucky with my rent situation.

@ParadoxFreak Год назад

People were able to save during the pandemic because of remote jobs. I myself was shocked how long my detergent and laundry costs dropped during the lockdowns. Now with some companies forcing employees back to office without raises and with inflation, I wonder how that will ripple through the economy.

@CJ-mt6zd Год назад

Yeah it’s laundry that’s gonna sink everyone

@mocheen4837 Год назад

Thousands of people were laid off in the Bay Area yet most still drive $100,000 cars.

@juancassinerio1580 Год назад

thats due to the huge money printing back then, now here comes the consequence

@Dottydawes Год назад

I doubt the price of Tide detergent is going to sink the economy. IMO, it will be the accumulated debt and squandered savings sending the middle class to the poor house.

@Dottydawes Год назад

@@mocheen4837 - yep, it’s a cultural thing. Gotta look rich. When we lived there I new people who had no problem buying a BMW ( on credit) and lived in a low value house. It’s all a facade and the comforting of one’s ego. Best thing we did was get out of there.

@alb12345672 Год назад

I was looking at a lawn tractor, reading reviews. In Oct 2020, A guy wrote he spent $1799 of his hard earned money on it...blah blah. Now, in May 2023, SAME lawn tractor, 2399. 🤣🤣

@Ink30 Год назад

and at that price it's probably not even that well built 😂

@gonefishing11 Год назад

That old bumper sticker "Shop until you drop" will turn into "Work until you drop" Many won't be able to retire

@ryanharvey9800 Год назад

my wife and i never been so happy to have a vasectomy with no children everyone I know who has kids are drowning in debt because they can't keep up with inflation

@we8608 Год назад

But now what? We just let the rich breed, while also knowing that the rich are predominantly ethnically homogeneous? I can't stand by and allow them to commit socioeconomic and racial genocide in this fashion.

@stephy6199 9 месяцев назад

No one is spending beyond their means bc their is no money to do it with. The struggle between rent and food is game on. Let the crime & homelessness begin! Americans need help