REALITY CHECK! People ARE NOT MAKING ENOUGH MONEY To Keep Up 

Not planning on it. Same laws as Texas but more humidity and costs are higher. There is no benefit to living in Florida for someone who lives in Texas.

I have all my money from the pandemic!!! yes it's 100% true. Hold on to what I have. I know our car / truck insurance went up . All Insurance prices went up on everyone!!! I keep tracked of our monthly bills all the time, to figure ways to save money . Never know when you might need it . Homes where you are walking by , they all live to close to each other . People needs to save money, because they never know what might arrive in the mailbox!!!! I made sure our two adult kids didn't have student loans, I paid their classes one semester at a time, back in the day ( again saved money ) .

I've been saying this for last 15 years.

Shrinkflation and greedflation on foods and services. How to combat this? Stop buying their shi* and find alternatives, period. Stop....buying.....stuff. Grow your own foods, visit antique/thrift shops and look for clearance/markdowns stores etc.

It's less than Cali, I'm moving to FL

The idea of “making Americans competitive” is to get Americans used to lower wages until Americans are working for $3/hour like China and Mexico.

Agree

yes. good slave. accept a lower quality of living. don't put up a fight. just ... let it happen. if you have the right mindset, you might even like this. just close your eyes....

@@nobodynowhere21shame that’s the mindset. What are you doing about it

You will own nothing and be happy. You vill Eat zee bugz!

Lot of homies trynna live the American dream nowadays

It will only be a dream for most.

Dream is over

“You have to be asleep to believe it”

I just signed a deal for a 163,000$CAD 650sqft starter home in a city of over 100k people that sure needs a little work but its not horrible. There are homes out there is certain neighbourhoods that are somewhat affordable still

Also any retirement money you have and you could really use now, they don't let you have it

I truly feel bad for the future generations for sure. I just retired and was blessed enough to have been able to contribute to a 401k in my later years of employment - but even with that it was anything but easy. I've NEVER been a high earner - steadily mid level - but was lucky enough to have had parents who instilled the value of a dollar and even if I had to cut back on a lot of things, I always saved when I could. Even these days, people making 40 thousand would have a very tough time with this administration in charge and causing this mess. VERY bad situation.

Retirement??? Lol good one! My reaction to that is like when the Colts coach said “Playoffs??? You kiddin me??? Playoffs??? I just hope we can win a game!”

Truth! I stopped my 401k contributions.

You get a 2nd job, not to complicated

Do just & moral acts. The people will not come after you.

@user-cl5ov9dx5o i meant like generations after me lol not people coming after ME

I pretty much lived paycheck to paycheck till I was around 50yrs old. Hopefully things get better as you get established.

I'm 46 and on disability. I only get $11k a year. I live with my grandmother and she's on her deathbed. Living in my car is probably going to become a reality.

​@@wantsome-zs5sq There should be some housing that you can get help with. Best of luck!

This leads to increases in medical costs (exhaustion and stress) and burnout. This is how they let the mask slip and roll in full-on communism/socialism - they push people to the breaking point until they tap out, blame capitalism for all of the socialist crap they did, then reset the currency and put everyone on welfare (UBI) administrated via CBDCs. People never learn that all centralized gov't is tyranny - we are either responsible for ourselves, or we delegate that to others and become their slaves eventually.

Exactly

Pharmacist here. I’m working about 49-55 hrs a week right now between 2 pharmacies trying to save up before student loans start back. Student loans will be the final nail in the coffin.

Working 2 jobs and a side hustle is becoming more normalized.

@@MC-kl5mphow you feel about the average veterinarian/pharmacist/pediatrician getting into $250,000 of student loan debt only to end up making THE SAME GROSS INCOME to a Walmart trucker or UPS driver??? I told my relatives would happen in the future like 20 years ago and they propagandized their children into becoming DEBT SLAVES. My cousin is an engineer but he been living in his parents basement with his wife and kid… he and his wife have $200,000 student loans combined and they can barely even breath.

100 percent correct!

As usual

We are all getting wrecked. It's just the top 10% can absorb the losses without effect on their lives.

Wow, never considered myself top 10%. Nice.

@@waynethompson1115you may be surprised if you research it.

That’s so bad considering what the charges are for just one patient ($50,000/year). I’m sure they can pay the staff a lot better!

I'm a firm believer in a maximum wage to balance out the minimum wage.

@@Tabbystripes , I’m in agreement with that.

Yes! You are correct.

@@Tabbystripes I disagree, limiting what someone can make will just compound the issues. The pursuit of doing better is hard-wired into the American psyche.

You can watch your money lose value in real time.

@@michaelm1053 "some inflation is needed for a healthy economy" is a load of crap. Maybe we should consider a economic framework that doesn't steal money from people as a foundational feature??

Interest rates are up. So your money gets a decent return. The return isn't much of it's not a lot of money. Put it in the stock market Rather

You have to invest not just save money

@@Jame6999 Given the current environment that's a horrible idea.

That's because of Neoliberalism, triggered by The Powell Memo and enforced by people like Reagan and Thatcher. Period.

I am going to vote for Biden again 😂

​@@escapedfromnewyork The saying that the government flooded the market with money is half true. Trump spent 8 trillion dollars in 4 years while Biden is close to 4 trillion dollars. 12 trillion dollars in just 7 years seems to be the culprit but thats not really the full picture. Government is like 25% responsible for the inflation. The rest was from Covid which stopped the world productions and led to lower supply which led to shortages. Chips also contributed greatly to inflation as well. Along with the war in Ukraine which sent the gas prices high when the war forced the Eastern side of Europe to stop their oil production which contributes to the supply problems which again contributes to the inflation. The whole world was suffering through the inflation.

​@@John-ds6jzthis housing crisis has existed for decades, and getting worse... It's not something that just started.

@@SkepticalMantisCHANNEL10 thanks 👍

5 people for lunch at a cafe.97.00 and the food was good.

The price of a livable wage

$56! Wow!

I eat out everyday for my situation. I try to minimize my orders cause it is expensive… I use coupons too from time to time. The struggle is real.

😵

When it used to cost 20.00 dollars

Facts i use to fill my focus up with 20 it cost 50 now. Same car 30 dollars more.

Do you have kids?

That’s the problem. Increase minimum wage. You don’t live your whole life on minimum wage. It’s base on your end pay but they want you to focus on minimum wage so it keeps the end wage low.

The government doesn’t control inflation.

@@1KingFisher Of course they do. It’s a tax on the middle class.

The increased minimum wage only hurts small business. It’s a way for government to get rid of competition for the huge companies.

Middle guy can’t win either

you've remind me of what someone once said "The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I once attended similar and ever since then been waxing strong financially, and i most tell you the truth..investment is the key that can secure your family future.

I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this.

exactly! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn

Hello nice comments here, please what exactly kind of investment are you talking about here, I'm really interested too

Obviously these investment requires much cash and concentration to start?

Maybe that's why u make a $100K is the pay Lower in other states ??🤑🤑

What part of California?

$5k/month??? That doesn't sound right. Are they taking out too much Federal tax?

You can start trading with a couple of hundred of dollars. 10 years, you should be making money.

@@lovelovevon4316 last year I actually turned 500 to 25k but my dad passed from Covid suddenly so I had to take care of his affairs. And bills are just too overwhelming right now to have anything extra honestly

What's your yearly salary? If I may ask

@@Solitude633 I live in Alabama. We get paid much lower than other places overall. Only about 40k

@@JDP_93pretty soon you could get paid more. There’s going to be a long term shortage on trades & construction workers bc America has went soft. The housing market is slowing down bc of Joe Brandon, but as things turn around you should be able to make more. Also a lot of people are moving to Alabama to get the hell out of dodge.k

Jesus and they are saying UK its worse,

Hot pockets are like $15 lol they are out of their f mind

People during the dark ages were also afraid of starting there own families due to all the violence in the world. Struggle is good it makes you even stronger.

Lots of suicides!!

Bottom didn't fall until after the stock market crashed. Stock market dictates the economy.

Our stock market won’t crash because it’s a solid investment for many foreign nationals. It’s also where the C-suite execs park their money and bonuses and a lot of 401ks and IRAs. No one wants it to fail because they would lose a hefty share of their profits.

Just don’t have all of your money in banks because if they closed, you’re effed…at least that’s what happened then. People couldn’t access their money. But most people don’t stash cash.

​@@AmandathePandaBooks​ The stories of people jumping off buildings and other mass suicides during the Great Depression were fabricated. It simply didn't happen. However, many people did die of malnutrition... which is just as horrible.

I have noticed that, too😢

Older folks will keep working for the extra cash. The kiddos don’t want the low pay

And at grocery stores = 70 year old baggers are everywhere

@@MeadowDaysometimes they do it just for the health benefits

Usually part timers

Well, I've gotten into a plethora of assets with $73k spread across stocks (options and futures) for short term and index funds, and ETFs, for the long term. I've been investing with help from a pro fund manager, Herman W Jonas who oversees my investments. Now I sit back and reap my dividends while I just reinvest from time to time.

@@Pambegay Well, that's your view. In my experience, there is no such formula, It is nearly impossible to achieve success with stocks. It’s all just gambling.

I tried getting into stocks myself some time last month and lost a ton of money as I was ill-advised. Can you please direct me to him as I’ll like to hear from an expert?

If govt controlled the desert, there would be a shortage of sand. Property development hasn't kept up with population growth for 30 years. Environmentalists & govt land grabs/limits has artificially driven up cost of housing to boost property tax to cover public sector pension liabilities

@@mariocaponera7918 This! While I can always appreciate environmental protections there comes a point where we have to make the obvious choice between a family getting housing and a portion of forest being cut down. This and also zoning-restrictions when it comes to single-family housing.

Absolute correct observation!

Right. I live in Orange County, CA and he's walking around the one-and-two percenter towns. It's not a real slice of southern California.

Where is this? Backbay?

​@@MrRacket991to be fair I don't think he wants to walk through a town thats considered to be affordable in Cali.

Michael. have a nice life living in Nice rich area, beautiful long vacation this is the life and he is not complaining how poor he is still young and doesn’t have to save money for Their retirement

You’re right, you have to be a C-suite executive, music star, or movie star to afford to live a nice life here.

The Plutocrats will turn us into Soylent Green after they are done savaging us.

Those are the only people who are valued here.

We are living the worst times

@@dakotadak100 It's more a point of massive corporations that are borderline monopolies. The same corporations that are buying up single family homes and driving up the prices for everyone and slowly but surely turning us all into renters.

Lease and credit card

Let the fools carelessly and irresponsibly be relinquished of their wealth and money.

Thank G-d for food pantries!

This is true in my case. I mostly buy the same products on my weekly trip to the grocery store. I'm paying roughly 40% more than it cost pre-pandemic.

Them old heads always have an excuse for the greed they created.

Yes I noticed this in the States. Hyper individualism. I have many academic qualifications and I am struggling.

You're actually better off not having student loan debt. If you think you're struggling now then just imagine having another $500-$800/month in student loan payments. A degree doesn't automatically equate to higher pay.

Bro, get a job. Doesn't matter what it is. Just work somewhere to get some income going.

What state are you in?

It's all over the country. People can deny it but there just lying.

Alot of that is drugs and chosen lifestyle

The homeless are mostly "red state refugees". Makes you wonder why those states dont keep their own citizens instead of letting them wander everywhere as vagrants. No idea but they are creating alot of problems in places like Portland and nice NW cities.

It's the best weather in the country to be bum. Of course there's a lot of them. Start feeding them for free and you got a problem. Don't feel too sorry, they are choosing that lifestyle.

Wow the amount of people who think most people choose to be homeless! Everyone wants a home they just can’t afford what’s out there. A lot of homeless people are people who age out of foster care with little to no resources and another large percentage is veterans. Yes of course there are people who end up homeless because of their decisions but there is definitely more to it than that.

That doesn't tell us how much he makes yearly. Also, why would you be renting if you make a decent income combined? I'm guessing you make less than $100K combined. You need that much as a single person.

be thankful they got the increase, many haven't been that lucky.

Also paying higher taxes on the income.

@@RearviewMirror-ij2pr that is why you buy a home, aka a deduction.

You Left out taxes.. Huge expense

Shadow stats. They post the real numbers.

Word!!!

The disconnect is that 1/2 of this nation's inhabitants believe the lies.

No. 2% inflation is not deflation. Slowing down means going up slower

Nonsense…how dare you say that our trustworthy institutions would ever lie to us. I believe they care about me and my family as much as they care about themselves

As a realtor I've helped tons of people under 40 buy homes, most without help from their parents and many in their 20s. It's very possible but takes getting a good job and saving not blowing every penny like most

Thank you for acknowledging that it's way harder than it used to be. Sure, some people with good jobs that can save money because they live with family, or have other cost saving means, that can make it easier. There are some that don't have a safety net, who are behind even if they scrape and save. Being in a car-centric country makes things incredibly difficult when trying to save. It's not impossible, but not every family will get their dream of a 3 bed 2 bath and a yard. It's a fantasy at this point.

This is the first time i ever see a boomer admit this. Now give me your car.

Nonsense, i controlled my spending, lived below my means, put 2 kids through college so they would be debt free. Opportunities are everywhere but its easier to complain than take control of your life.

It's not the baby boomers fault, we know how to control our spending habits, these young people are destroying this country with their entitlement

And there's thousands of them...lot of rich folks out there

Why is he talking about people who can't pay their rent while walking through wealthy neighborhoods? It is a disconnect for me.

They don't even have a yard haha

No thanks. You can keep failing communist California

​@@jizzyjake6783That's how it is in Denver. 1.4 million dollar homes with NO yard 😆

The lower/middle class affording homes to purchase is irrelevant. They'll rent. Forever. The companies and investors know to buy up all the starter entry level homes trapping them where they will never buy and create a lifetime income source. Look at the new housing starts, the build to rent is a huge part of those builds. I say this as a homeowner, landlord and investor. It's over, buy now while you can. Also, my interest rates are below 2.5% mean I'll never sell.

​@@cb5516Right, and in your situation do you own a house?

@@marcopolo3109 I own more than one home.

Supply and demand

Why because this is their plan. Make prices and rates high so you will own nothing and be happy. Cash buyers dont care and there are enough

Sell and move to an obscure beach in Mexico

Insanity

Imagine being a young person today. No chance at a decent life for most.

@@sharpz214 every generation has said that.

@@Ww8.3 if you don't believe things are worse for younger people vs boomers you are blind

Aldi is the only store I leave not feeling like I got ripped off. Thank you Aldi😂

Low property taxes isn't always a good thing. California has approx 1.0 to 1.2% depending on location, and also property tax assessment caps (i.e. your property assessment can't grow more than 2% per year). What ends up happening is that it discourages people from moving and creates extra artificial scarcity in certain areas, because older people don't want to move and suddenly have to pay more property tax. Thus, older retirees are close to heavy business areas that young people want to be. Young people are buying in newer areas and end up commuting 1 to 2 hours to work every day (one way... round trip would be like 2-3 hrs).

​@@asw654what's good about high property taxes? I see so much government waste. Do you work for the government?

@@Joeainthere73 the property tax system in California favors people who don't move, making it unfair for lower-income people have to move more often

@@Joeainthere73 I don't trust gov't. However, life is about trade-offs. Often times you're picking between high property taxes or high income taxes. For example, California has high income taxes, but low property taxes. Texas has the reverse with no state income taxes, but high property taxes. This means that house prices are generally much lower. Older people who have retired and don't have high income don't get as much advantage from the no state income but are punished for high property taxes so they generally move away from busy business districts. In California, it's the reverse. This is a tradeoff. What do you think benefits younger people more? Obviously, the lower commutes. I don't work for gov't. I just have a brain and realize that nothing in life is perfect. You can simultaneously be skeptical of the gov't and work with what you have currently. Don't be idealistic like an extreme progressive.

You’re right but there’s still a lot of ways to get extra cash. People in my area do market research, taste tests, and paid surveys for cash or gift cards. Some people do clinical trials for money or sell their plasma and platelets at a blood bank ($800/first month) which helps pharmaceutical companies make medicines for cancer patients. My friends were pole sitters and judges of election for the election commission in our county and got paid $275 for the day. (You have to do an online training class for that). And a lot of people are selling their stuff so a lot of good deals are out there. One year I bought everything in the Summer for the holidays and saved a lot of money. If people are desperate, churches and social service agencies offer food pantries, gas cards, professional clothes for job seekers, clothes for children, diapers and personal hygiene products, etc. They also sometimes provide used cars or do free repair work for people to get to work. They also provide bus passes for those who qualify and some provide copays for medical prescriptions. The county website has information on how to apply for one month of rent or mortgage payments to prevent eviction or foreclosure. Some churches also offer one month of rent or mortgage payments depending on the family situation. They also sometimes provide household furniture and items for families starting out in life with no family support. There are shelters in my area that let people stay for 6 months, help them get jobs, and let them keep all their earnings to get a deposit for an apartment. If they need job training or transportation, the shelter helps them get it.

Wages on the top and bottom have risen tremendously. Meaning low end can afford higher rent, high end can buy all the houses driving up prices. Its middle 60% that used to be able to buy their house who will now rent the rest of their lives if they dont already own

you need a plan B. why don't you add move to a cheaper country and start learning their language to your plans? i moved to a country where they can't give away houses. my wife tried to give away a bare lot and nobody wants it

You can't buy because of extreme heat?😳

@@thekid1597 WOKE Sorry really nothing They can do but I can,🤑🤑

Become a travel nurse and double your income

The reason governments aren’t doing anything is because they are in on it. Look at the examples of how you can be a multimillionaire on a politician’s income, which is all of them.

You're insane. Government intervention is why we're in this mess. Remember the money printers going brrrr in 2020 and 2021 literally sending people thousands of dollars? Yeah, that's the sound of inflation my friend.

There are big time deals right now. I shop for the holidays in the Summer and save a lot of money.

There are a lot of deals right now. I'm just not in a situation where i can buy stuff.

Same.

That’s what I do. Small house in the city which has appreciated a ton in 2 years, a civic bought in cash which was a 1-lessee turnin. I am building my skills and taking classes with tests to be able to be licensed in things so I can earn more, even on the side.

And I mean very small.

Bought a 3/2 single family home in 2018 for cheap. Not an upscale community, but not the worst either. Bank said I could borrow a lot more, which I declined. On track to pay off in six more years. Grateful. Have a paid off Toyota that was a one-lessee turn-in bought at the servicing dealer. No need for a McMansion and a $40k+ car.

@@meliss9536- may be small, but it’s yours to improve/decorate as you want.

Agreed. Overrated neighborhood

Does look like all that concrete would retain a lot of the heat from the sun. They need some grass there.

Exactly. I haven’t been in an accident or gotten any tickets and my car insurance still went up 50%

Denver is super expensive as well 😢 good luck

Interesting perspective on Arizona. Why do many move there?

@@MAfanwoods37 My mom and stepdad came to visit AZ on their honeymoon and loved it so much they decided to move our entire family here. We’re originally from Milwaukee which is a pretty violent city. Arizona was the door to a better life.

@@Seattle808 I’m originally from Wisconsin. I love greenery, natural bodies of water, and 4 distinct seasons. I would pay an arm and a leg to live in a place that would give me all four seasons again. I haven’t seen a white Christmas since 2011. The last couple years we’ve been driving up to flagstaff to see the snow on Christmas Eve, but it’s not the same. I want to wake up on Christmas morning, look out the window, and see a flurry of beautiful white soft snowflakes like I’m living in a hallmark movie 😂

Thank u for your service. Great teachers are always needed.

I hear all the time about how the midwest is affordable, from people who don't live here and don't live on our salaries!

The uncertainty of the future economy creates fear.

It has to happen, the fed can't afford to take their foot of the gas now

@@strawdemindset I agree. Unemployment will go up and the market will reset. Get ready for tough times unless you work for the Government.

Hi dear Patricia!🤗🤗

Just 40 for me Kid..🤑

"You will do well in life if you underspend your income grossly" - Charlie Munger

Michigan is so desirable because it’s got a lot of fresh water- one of the most valuable commodities on earth!

No way you're priced out as top 5% income. You just dont like the market of having to waive inspections and putting $20k nonrefundable earnest money at acceptance on good houses, but you can afford to you just dont want to

I don't buy that one bit. Your household makes at least $300K/year but you can't afford a house? OK dude.

@@oldscratch3535 the value is not aligned, and the interest rates make it a fool's game. It's a stupid use of money and if you can't put yourself ahead, then why bother. No one can afford to waste money.

Nothing like a whole bunch of multiples of 10 to say you really researched your stats… according to actual shadow stats data, inflation was NEVER at 20% and is sitting around 12% right now and falling. If you’re going to quote a source, you actually need to take the data FROM that source 🙄

@@ryanbianchi6582 rounding is your friend 😆

@@ryanbianchi6582 You're being pedantic. We all got the point. He is approximately correct.

@@ryanbianchi6582 You are so right, he is full of ....

@@ryanbianchi6582 For true inflation...see how it affects YOU.

Change your universe. Everyone I know is better than ever.

The experts want to tamp down on inflation--the less warm and fuzzy you are, the better. It's literally what they want so demand for goods drops which in turn steadies prices.

I am in nyc and people are struggling

We shop around for opinions that agree with our lifestyles instead of just listening to the "smartest guy in the room". In a room full of bald cage fighting announcers and political commenters, find the guy with a Harvard MBA to tell us about fiscal policy.

​@@FooFan-b3kyea sure

$3.79 here in the great Boston area

over $4/gal in SLC. Guess that must mean Joe Biden's strategy of depleting the SPR in order to artifically lower fuel prices has...run out of gas *ba dum tiss*

@@javajunkie517$3.79 here in SW Florida as well.

@@johnlibonati7807 man, it’s getting hard to survive never mind save

Freaking ridiculous it’s now $3.59 here in north texas

Montana here. My rent is 1600 now and there isn't one place in the entire town of missoula I can find that's a cheaper 3.5 room and 2 bath. Not one. Im a single dad. This is insane. Rent has went up $600 in 3 years. FJB

@@Userhfdryjjgddfhaha my friend. We rent in Florida. Our rent is up 600 a month in 2 years but that’s because we negotiated them DOWN. They were going for 900 a month increase a month

That's what I'm seeing too in Florida! Spend, spend, spend!

I'm a trucker, and a college economics grad. I get around, I see it all. All the 'good' incomes 'intra-emigrated' to concentrated places elsewhere around the country. All the precarian incomes either got stuck or ran away. Naisbitt's 'Averages' mask this. Most people are doing poorly. You're lucky you're where the glass-gated people are. Don't have to deal with the 'New 3rd World'. Remember that gas-pump sticker on Brandon. Well I got a new one for ya': 'Jay Fed did this!'

@@gregorysagegreene not in a glass gated community, but have lived in one. What I see is people are not curbing spending and continuing to live and spend. I saw this before 2008, fancy cars, vacations and boats, next thing everything went tits up and people walked away from homes. I wonder if this fake wealth will continue. Yes the lower earners must be really struggling, with $5 cereal.

Where are you.just give it time you will see it

I saw the same thing in Vegas a few weeks ago. Most of the people didn't look like high rollers, but families on the strip!

What is a yield curve?

@snowkittensalways247 It's the spread between long and short duration interest rates. When short-term rates are higher than long-term rates, that will make the yield curve invert on a graph. Yield on the 5 yr is 4.4%, and on the 2 yr, it's 5.4%. That is an inversion. That has been the condition in history that has best predicted recession. Hope that helps. I'm retired, so l've lightened up on stock with more short-term bonds and cash. 50-30-20 is the weight.

I see a lot of people going to the food pantries and asking for gas cards and store cards from churches and social service agencies. More people are doing market research and surveys to make extra money. Clinical trials are getting more people to sign up for cash incentives and gift cards. And blood banks are doing great with more people selling their plasma and platelets ($800/first month) for pharmaceutical companies to make cancer treatments. More stuff is being sold by individuals so there are a lot of deals out there if you want to buy now for the holidays! One year I bought everything in the Summer for really reasonable prices. Another great opportunity is signing up for the election commission to be a pole sitter or election judge to make some extra money.

There was notice..it was announced last year..and letters were sent advising ALL HOMES insured by Citizens Insurance ( state run) would have to carry flood insurance.

Bit more than that. Basically since around the time the 'Central Financial Cartel' was created.

10 years? I give it 2-5 max. This has been perpetual, especially since 2008. The recession never ended lol

Exactly

A political party in power will almost never admit the country's in a recession because it gives political ammunition to the other party for the next election.

This is why we need to a new President. You know who I will be voting for.

And your name here indicates you're a musician.

@@Shelilah41 Biden somehow had more votes than Trump, and he was a walking corpse. I have no faith in the voting process, nor the American public.

I’m seeing that too. People are doing a lot of things to make extra money - market research that pays for taste tests, focus groups, etc. Clinical trials are paying for volunteers and a lot more people are selling their plasma and platelets ($800/first month) to help pharmaceutical companies make treatments for cancer patients. Some of my friends worked for the election commission as judges of election ($275) for one day. More people are selling their stuff so there’s some very reasonable deals out there. One Summer I bought all my holiday gifts. If people are struggling, they can apply for a rent or mortgage payment from the county and one payment from the social service provider. There’s a bunch of food pantries in churches and communities. Some churches and social service organizations provide gas cards, gift cards for diapers or medicine copays, clothes for work and children, bus passes to get to work, etc. Some churches provide car repairs if parts are purchased. And they sometimes give used cars to needy families. There are shelters that provide 6 months for people willing to do the program. The shelter helps them get a job and lets them keep their earnings for the deposit on an apartment. They help them with transportation and job training.

Yes and it was in some publication pawn business is up

Nice

its all fake. those are not real people. its just like those yahoo finance articles where an 80 year old has 2 million in his roth 401k and is trying to decide if paying off his mortgage would be financially sound

alot of small businesses in my city have been disappearing as well

Agree 💯. He is accurately Spot on 100

😯 wow?

Correct

If by "flawed" you mean "operating exactly as it designed to do to usher in global communism" , the "you will own nothing and be happy" crowd, then yes.

Keynesian economics? You mean objective fraud? We have the word fraud already, we don't need a fancy name to confuse the uninformed

Best comment. All prices should fall to marginal cost of production if we didn't have manipulated money. If we had hard money, increases in productivity would flow to all of us in lower prices. Inflation robs us - even at "just" 2%.

What makes you think that will happen?

Get ready for repos

@@afreaknamedallie1707 I see nothing that will**** dramatically ****lower any prices given the devalued dollar. Real Estate included.10 percent is a crash but if you cant afford a 400000 dollar house you cant afford a 360000 either

I know, I hope there is NO student loan forgiveness. It will only hurt the economy

@@annco9801 🤣🤣🤣 bro how? Most people who have loans have already paid back at least as much as they borrowed or more. The interest has been straight up usury and you're cheering for that? Actual economic studies have shown that student loans have HAMSTRUNG the financial lives of people with them. Studen loan forgiveness will literally free people up for major purchases and to be able to pay back other forms of debt easier. There's a reason retail chains want forgiveness.

agree and so does a guy name Fibonacci but for it to happen fast we need a black swan event otherwise its gonna be a long slow painful bleed

100%. There are many Mexican investors who have money in Califas, Tejas and Arizona. You will see their foreign plates all the time in the Southwest.

In Michigan all the Muslims are buying up everything everywhere they can. CASH. They do not believe in usury or our banks. They only borrow from each other. So they must have some DEEP pockets somewhere!! The people who moved in next-door to me a little over a year ago paid a pretty good price for that house and when I looked up on city records it’s under land contract but they all have the same first name (Mohammed), it gets confusing. But they are a relatively younger couple with 3 small children and she stays home and he goes to work but I don’t even see where the cars leave the driveway every day and he is no brain surgeon lol, can barely figure out how to take care of the yard. Stuff definitely doesn’t add up where they get all the money. They have bought up so much property in the suburbs of Metro Detroit. All Pakistani, Bangladeshi, Muslim, Arab, etc.

And institutional and private equity investors.

Where does that social security money come from? So, everyone is hit by inflation, and you want to take more of the paycheck from those who are working?

@@kcor4 Maybe when you retire you will understand.

You pay s/s out of your paycheck…every month for 50 years! Then your paid back a fraction so you won’t starve when too old to be employed.

@@MeadowDay That's pretty much it. Even though it was never meant to be the sole retirement income, for a lot of people it is.

Disabled are also hurting bad.

Oh jeez, you got a lucky ride, and now you sit up there pontificating. They told you back then that you were stealing from the future. Now that tomorrow is here. 🤷‍♂️

My yearly raise has been 3%. Even if you get a yearly raise, most people are losing money every year.

Well the past 3 yrs inflation is up from 25-40% buddy

No, only the past few years has that been the case. It isn't "normal" to have this amount of inflation and it's not the wages that need to change.

And then companies get mad when you job hop instead of stay somewhere a year+. Job hopping is proving to be the only method to get a raise that covers cost of living raises.