Why Americans Are So Stressed About Money

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Americans are more worried than ever about money and the economy. In a survey by the American Psychological Association, 87% of Americans said inflation and the rising costs of everyday expenses were causing them stress. Roughly two out of every five U.S. adults said money is negatively impacting their mental health, according to Bankrate. Watch the video above to learn what’s causing this anxiety around money and how Americans can deal with their stress.
0:00 -- Introduction
1:17 -- Financial stress
5:14 -- Mental health
7:45 -- Personal finance
More than 40% of U.S. adults say money is negatively impacting their mental health, according to Bankrate’s April 2022 Money and Mental Health report.
“I was in debt off and on all of my 20s and early 30s,” Tawnya Schultz, founder of The Money Life Coach, told CNBC. “I was in this debt cycle of trying to get out of debt, paying off debt, getting back into it. And I was just tired of feeling like I could never get out of it or feeling like I was always going to have debt.”
Some Americans lack hope they will ever have enough money to retire, with roughly 40% saying their ability to be financially secure in retirement is “going to take a miracle,” according to the 2021 Natixis Global Retirement Index.
“I think that people need to have a sense of hope,” said Mark Hamrick, Washington bureau chief at Bankrate. “When the economy is working for them, there’s a greater likelihood that people will have hope that they can accomplish their basic personal financial objectives.”
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Why Americans Are So Stressed About Money

Опубликовано:

11 июн 2024

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Комментарии : 3,2 тыс.

@cerdayes 2 года назад

you can make all the right decisions your entire life and still end up losing it all due to a health issue

@yeat8223 2 года назад

Not if you have insurance, reason why the USA doesn’t have free healthcare is because we only pay 20% in taxes, whereas places like the uk they pay 40%, USA gives you more liberty over your money

@cerdayes 2 года назад

@@yeat8223 root canal $4000 with insurance. Sure glad it wasn’t cancer.

@johnbarton562 2 года назад

@@yeat8223 - I work in a state hospital - I see people all the time who have lost everything due to healthcare bills they cannot afford due to cancer and other long term illness' and they had good insurance. Insurance is "for-profit" - they want to make money, they don't care if you live or die - - same thing with the drug companies.

@shirleywilson2797 2 года назад

@@johnbarton562 he is to busy playing fortnite, what does he know about the real world lol

@edbd4613 2 года назад

So many ways in usa you can get screwed even if you do the right things. I once got this hotspot device from best buy and Sprint. It was unlimited internet for 2 years contract. 3 months into the contract, I get a bill of almost 1000 $. I called sprint and found out they canceled the contract by email that ended in my junk mail. They switched from unlimited to some b's where you pay for every gegabyte. I fought it for months with sprint and collections. This is a small example, I heard worst stories.

@glenbert1396 9 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..

@lisaollie4594 9 месяцев назад

If you lack market knowledge, the best course of action is to seek advice or assistance from a consultant or investing coach. Even though it may sound obvious or generic, speaking with a consultant has helped me stay afloat in the market and grow my portfolio to about 65% since January. At the moment, I believe that is the most effective way to enter the business.

@baileymclean8186 9 месяцев назад

Please let me know your investment adviser's name and how i can reach he/she?

@lisaollie4594 9 месяцев назад

I have "LISA ELLEN SHAW" as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. She's a Google-able person.

@baileymclean8186 9 месяцев назад

I searched her up online and checked out her credentials since I was so intrigued. Top-notch! I emailed her to inquire about accepting new clients.

@Coolguyallthetime2k 9 месяцев назад

Agreed. The state of this country makes many wish they were never born.. it’s so depressing and the corporate pigs and government could care less..

@kortyEdna825 9 месяцев назад

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

@Justinmeyer1000 9 месяцев назад

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

@kens805 5 месяцев назад

ALL of the following comments are fraud!!!

@joesphcu8975 Год назад

What bothers me about this situation is the fact that the news and media are all going about a recession which is understandable due to the war and pandemic but still the same media still publish articles about folks in the same economy pulling off hefty 6figure profit(Averg. 200k in barely 8weeks) in this downtrend how is that possible?

@alexyoung3126 Год назад

I've come to realize both bear and bull market provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself

@lawerencemiller9720 Год назад

Well the US-stock market has been on it’s longest bull-run in history, so the mass hysteria and panic is understandable seeing as we’re not used to such troubled market, but there are opportunities lurking around if you know where to look while everybody’s been screaming falling sky, I’ve netted over $850k in the past 10months.

@stephaniestella213 Год назад

well good for you buddy, your market knowledge paid off. I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?

@lawerencemiller9720 Год назад

thanks, was guided tho...Eileen Ruth Sparks walked me through the ropes majestically i'ts my ultimate pleasure.

@stephaniestella213 Год назад

she’s a quite known advisor. I actually did look her up curiously and went through her credentials on her webbsite…Top-notch! I wrote her an email, hopefully she’s accepting new intakes.

@shawjose-uc9xn 6 месяцев назад

Why stress to get money when you can invest in cryptocurrency

@ronaldreagan-kf6wn 6 месяцев назад

Investing in cryptocurrency isn't that easier without a professional trader

@trumpkane-fe9ig 6 месяцев назад

@@ronaldreagan-kf6wnExactly, especially when you are a beginner.

@evelyhwar-jf5zg 6 месяцев назад

@@trumpkane-fe9igthat means as a beginner, you will need an professional trader to put you through

@georgeesther-zq7js 6 месяцев назад

@@evelyhwar-jf5zgexactly but you have to be careful because most of the so call professional are fraudster

@chrisharrison-ir5wb 6 месяцев назад

@@georgeesther-zq7jsyou are right,I could have trade a long time ago but am just scared.

@GoranIsmov 6 месяцев назад

Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that I can confidently identify with level 6. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.

@OlgaRusov 6 месяцев назад

Remarkable observations! Handling and staying abreast of things can be quite daunting for newcomers like myself. Are you a seasoned investor, or do you employ a methodical approach to staying well-informed?

@ScottRich9 6 месяцев назад

Since the inception of my business, I've maintained contact with a financial advisor. In the current cultural landscape, the difficulty lies in discerning the opportune moments to buy or sell when dealing with trending stocks. This process, while seemingly straightforward, is effectively managed by my advisor, who handles entry and exit orders for my portfolio. Over the span of just a little over a year, my portfolio has seen substantial growth, exceeding $750k.

@HakimZakzi 6 месяцев назад

May I inquire about your recommendation for the specific professional whose services you utilize? I am currently facing several marketing challenges and would appreciate your guidance in this regard.

@ScottRich9 6 месяцев назад

I've enlisted Stacey Lee Decker as my fiscal guide, and her expertise contributes significantly to the fiscal industry. Acknowledged as a reputable authority in the field, she holds a deep understanding of portfolio diversification. I encourage further exploration of her credentials. With her extensive experience, she proves to be an outstanding guide for those aiming to grasp the complexities of the fiscal market.

@MarioRo1 6 месяцев назад

Stacey appears to be really knowledgeable. Her resume, educational history, and qualifications were all quite good when I found her internet page. She will act in my best interests because she is a fiduciary. I thus scheduled a session with her.

@elizabethyork590 9 месяцев назад

Biggest financial mistake I ever made was with my 401k. My company had a Roth 401k when my kids were in college, but I didn't actually start contributing until year 3 of the 6 years I had kids in college. Because I was helping them with expenses, I was entitled to the tax credits, so my effective tax rate was extremely low. That is the time you NEED to be in a roth! i still retired with about $250k in my 401k.

@84gaynor 9 месяцев назад

People don't really know this, You need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

@sommersalt88 9 месяцев назад

@@84gaynor I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.

@MatthewVinson 9 месяцев назад

This is exactly how I want to coordinate my finances before I retire. Can you recommend the financial advisor that got you going?

@sommersalt88 9 месяцев назад

I started out with a Financial Adviser called "Jill Marie Carroll". Her honest approach gives me complete ownership and control of my position, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.

@MatthewVinson 9 месяцев назад

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

@guitarislife01 Год назад

I love how the answer is always, Here's how you can increase your ability to handle stress, rather than actually fixing the problem

@jermon983 Год назад

The Matrix design is to keep you a slave on the corporate plantation known as America.

@jasminecontreras7341 Год назад

what are they supposed to do to fix the problem?

@Coolguyallthetime2k 9 месяцев назад

@@jasminecontreras7341we don’t know but something… I mean the only outcome I see is mass poverty, mass suicides and homelessness.. smh

@operationlull3742 5 месяцев назад

We have to. How else do you expect the ruling class parasites and their army of pig thugs to eat. They have to extort us for money either through taxes as a public entity or freedom through a private entity. I love freedom

@jasminecontreras7341 5 месяцев назад

wrong. that's not realistic. I'm genuinely curious as to what possible solutions there are there @@Coolguyallthetime2k

@inctru 2 года назад

I'm stressed about living in a country that has normalized corrupt, sociopathic behavior across all levels of the public & private sector, & seeing total societal/economic collapse likely in the not so distant future.

@mikegollihugh7992 2 года назад

Thankyou noone stands up to these people, we're slaves, because while 95% of us are stuck working forever for table scraps. All the lawyers and doctors in the world, and noone has really spoke out about all this. Its disgusting. I have lost absolutely all my faith in the system, our people, our cities and towns, states and all. We're all weak asf, and for that we will be slaughtered...

@hah-no. 2 года назад

You said it.

@itsmecaldo 2 года назад

@Robert Jameson They're literally true tho

@BFRIZZLE909 2 года назад

You've worded that beautifully.

@mikegollihugh7992 2 года назад

@Robert Jameson must be nice to be a complete fool, unfortunately I read alot

@rotmage 2 года назад

It's stressful because we don't have enough to live or enjoy life. We are all waiting to get sick and go bankrupt. Feels pointless.

@PraveenSriram 2 года назад

$15/hr is a poverty wage in 2022 in big cities across the country and the minimum wage needs to be raised to $23/hr

@mfkenzotuberkz5347 2 года назад

@@PraveenSriram 15$ is only for jobs that can be done by anyone

@PraveenSriram 2 года назад

@@mfkenzotuberkz5347 then why are college graduates 🎓 working low wage retail jobs that pay below ⬇️ $15/hr?

@mfkenzotuberkz5347 2 года назад

@@PraveenSriram Because college doesn’t necessarily mean good pay, you are supposed to know the salary of the job that you are studying for and if you don’t want to starve then you just don’t study that field, I mean it’s a little stupid to not know the salary of the job you are studying for.

@hawks1394 2 года назад

@@PraveenSriram they will just raise the price of everything just like they did when I got a raise keep trying fellow slave

@haydencraig7149 Год назад

When you invest you're buying a day you don't have to work

@thomasdooley3702 Год назад

Assets that can make you rich Bitcoin Stocks Real estate

@madiezancanellatl9205 Год назад

@@thomasdooley3702 You're right, it's obvious a lot of people remain poor due to ignorance

@ningyen1444 Год назад

I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings

@lindapoplin7150 Год назад

I advice everyone to start investing and never rely on just salary. No billionaire made it through salary

@ningyen1444 Год назад

I'm new to this Bitcoin trading, how do I get started with the help of a professional?

@tateoften Год назад

With the way the market is moving, we'll mostly hold for longer than 2030 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making upto 250K within few months and I'd like to know how.

@jenniferpowell23 Год назад

@shane heried that's heavy! keep it up, I could really use the expertise of these advisrs my portfolio has been down bad.... whose the person guiding you?

@sivezt 2 года назад

When baby boomers were in their 30s, they acquired 20% of the money supply. Millenials in their 30s hold 3% of the money supply.

@cyrilkarpenko691 2 года назад

So what? No one lives forever, so soon enough Millenials/Z and the State are both going to benefit from all of that accumulated wealth.

@jaychah2563 2 года назад

Baby boomers are the reason were in this mess

@39counting71 Год назад

Oldest millennials turned 40 this year!!! I'm going to build a house on family land or move my family overseas america is too greedy!!!

@forrestaustin7050 Год назад

Millenials also waste a ton of the money the acquire

@mr.centrist5789 Год назад

@@forrestaustin7050 You people are just full of excuses aren't you?

@cynicalrecidivist2026 2 года назад

I love how they use people who are purposely spending on consumer extras and not about poor wages, high rents, rising prices etc. You cannot budget your way out of poverty.

@neilmuir3503 2 года назад

its profoundly cruel to pretend poverty is a matter of personal choice. even if they did prove they could live with less, they would then be expected too.

@Navy35 2 года назад

@@neilmuir3503 if you can- work 2 jobs and use one to save at least partial

@neilmuir3503 2 года назад

@@Navy35 you joking

@steveelliott742 2 года назад

“I contend for a nation to try and tax itself into prosperity is like a man standing in a bucket and trying to pick himself up by the handle” Winston Churchill

@neilmuir3503 2 года назад

@@steveelliott742 if my boss would pay me more, ill pay the taxes he won't. sounds good to me

@elvismark5172 Год назад

The markets are still doubtful that the Federal Reserve will keep to its plan to raise interest rates until inflation is under control, even if bond yields are rising while stock prices are falling. What is the greatest method to profit from the current bear market while I'm still deciding whether to sell my $401,000 worth of stocks?

@alexanderjames3043 Год назад

Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.

@oscarjiron6974 Год назад

The fact that the US stock market had been on its longest bull run ever makes the widespread worry and enthusiasm understandable given that we are not used to such unstable markets. As you pointed out, it wasn't tough for me to earn over $780k in the last 10 months, so there are chances if you know where to go. I hired a portfolio advisor since I was aware that I needed a solid and trusted plan to survive these trying times.

@waynestones Год назад

@@oscarjiron6974 Because my portfolio has performed poorly for the whole year, I tried researching new ways to make money in the market, but everything I attempted just seemed to miss the target. Please provide us with your financial advisor's name.

@oscarjiron6974 Год назад

@@waynestones I've worked with several different investment advisors, but thus far, "Sharon Lee Casey" has shown to be the most knowledgeable and competent. You might be able to discover her online by performing a name search given the size of her fan base.

@patrickperez7387 Год назад

@@oscarjiron6974 She has outstanding credentials and a commendable job, so I can see why she is so busy. I instantly copied Sharon's complete name and typed it into my browser as a result.

@peterblair6489 2 года назад

Money is stressfully, because you never get paid enough. You don't really need much more than you get, but keeping you desperate makes you work harder. Corporates love it that way.

@Kartel7622 2 года назад

Victim mentality

@blakethegreatone2058 2 года назад

Doesn't help that the government takes 33% of what you get thanks to all the taxes. Ironically if Biden gave his Ukraine budget to the American people then everyone would be a multi millionaire.

@blakethegreatone2058 2 года назад

@Hunter Bidens Laptop 💻 such a dumb comment.

@londonmadenb9421 2 года назад

victim mentality, so many ways to make a lot of money

@dachicagoan8185 2 года назад

Corporations are buying off all the homes, raising prices of food and other essentials because they want extra profits for shareholders, and our 401ks are tanking. The media has the gall to ask this question why we're stressed out.

@madbug1965 2 года назад

Too many people out there trying to steal or scam you out of your money. There are also people who just want to leach off you until you have no money left. I just tell everyone that I am broke. My money is no one's business.

@northerniltree 2 года назад

Can i borrow a hundred bucks?

@freeguy3751 2 года назад

So lie to survive? Sounds like a tough way to live

@neilmuir3503 2 года назад

@@freeguy3751 yeah lying is the worst part lol not the work

@codenamezz9993 2 года назад

Best advice you can give to you and people around👍

@frankculaga5169 Год назад

Tell me about it man. Look at all the gold diggers.

@dupeusa 2 года назад

It’s not even about the financial literacy. That information used to be for people that want to get rich, now it’s information to just stay alive. Rent is high, food costs are high, and gas is high. We are now working our butts off to just pay for essentials. And of course mental health is affected. You gotta work more for less leisure time which is where you decompress. Also, look at the bad processed food we all eat…making our health even worst. We can avoid it but what time do we even have to make a meal from scratch anymore.

@davidwalker2144 2 года назад

Dollar Money is a silent dictator test, " in God we trust " The cure is reading the word of God that reminds you never will you buy, food, get stressed, dirty, tired ,sick never will you pay rent, paradise believe me?👇😂

@AndyWallWasWeak 2 года назад

food is really what gives away the sinister plans: putting chemicals, preservatives is just normal, finding anything without is next to impossible. add fake healthy vegan stuff, and the choice left is very limited. restaurants with overly expensive frozen foods reheated, same long shelf stuff even though clearly scale benefits using fresh ingredients and preparing forcing people to give up health, family, social time for meaningless jobs encouraging bad habits (desk/stress) is just new exploitation. rising costs are pushing everyone into this unnecessary evil

@PraveenSriram 2 года назад

Very well said Armando…thank you so much

@negatron7321 2 года назад

Buy nuts, healthy straight out of the bag, nothing to do. Cacao, mix with a bit of milk or cacao butter, cream+starch, very healthy (unroasted, undutched). Lettuce, cucumber, tomato etcs, just cut em to pieces or get a machine to do it for you. Other vegetables same thing, auto-cut, put it water, some spices, come back in 30 mins. It's not perfectly delicious but it's all perfectly healthy and quick. It's all that stuff that takes time to make; lasagnas, pizzas, cakes and whatever other garbage people eat these days that takes time.

@angelainamarie9656 2 года назад

Living this country is no longer worth the enormous effort it takes to survive if I could leave I would

@erichkraetz2622 Год назад

My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing.

@checkforme234 Год назад

I am 54 years old and my wife and I are very worried about our future, with gas and food prices rising every day. We have seen our savings dwindle with the cost of living in the stratosphere, it is impossible for us to replace them. We can manage, but we can't move forward. My condolences to everyone retiring in this crisis, all those years of working just to lose it all in a crisis you didn't cause.

@alexyoung3126 Год назад

@@checkforme234 I feel your pain mate, as a fellow retiree I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an investment advisor "INGRID CECILIA RAAD" this year for assistance, and following her advice, I poured $150k in passive diversified safe-haven assets and its yielded $325k so far. Nothing special, just proper diversification and a cut loss and take profit strategy.

@joesphcu8975 Год назад

I think it's especially difficult for retirees and near-retirees, I know to focus on the long term but the anxiety when you're supposed to retire in 3-5 years is exhausting. it is difficult for me to participate in the market right now due to the full-time nature of my job. it will be too stressful to combine so I don't even think about it

@lawerencemiller9720 Год назад

@@alexyoung3126 Out of curiosity, I searched for Ingrid using her full name and she seems pretty tight and outstanding. I read her curriculum vitae, her school career. She is a fiduciary who will act in my best interest. So I booked a session with her on her contact webpage and hope she responds soon

@ricardodelacrvz1400 11 месяцев назад

Im in my mid late 20s and Im starting to invest every month. The thing is I live in France where most people see the stock market as gambling. Only 17% of people here invest in SM. Basic etfs and some tech companies during this recession.

@ceciliajunkins317 2 года назад

With my rent rising to another $300/mo, I decided to see if my employer could assist me with a higher wage. I went in with a request of $2.50/hr. This would get me close to $20.00/hr. Been with the company for over 15 yrs now. However, they gave me only about half. I'm a single 67 YO, already cutting corners on every bill, eating frozen dinners since I cannot afford to buy regular food to cook. I haven't eaten out in a restaurant in over 2 yrs. I shop at Walmart and Family Dollar for groceries and paper products, with seldom buying anything else. Now, I have to move because employer didn't give me enough money to live on. They are a multi-million dollar company in the logistics business. It's sad the corporate world is getting richer on their employees lack of money.

@acosmictemple 2 года назад

One solution I can think of is to open your mind about all the ways and avenues that money, resources, supplies can come to you other than through that one particular job.

@ceciliajunkins317 2 года назад

@@acosmictemple I will try to keep that in mind.

@hipoint40cal39 2 года назад

Always remember: Your employer CAN pay you more, they just dont want to !!! Capitalism is pure evil.

@cherylmitchell37 Год назад

Do you have any children or relatives that you could live with?

@debbieframpton3857 Год назад

Your employer pays your wage for the work you do it's your responsibility how you spend it not theirs

@bosedohne5209 2 года назад

I'm a German living in Germany and just thinking about living in America where there is no universal Health Insurance (at least not to the extent as it is in Germany), no reliable Pension, no childcare benefits, no parental leave, no free university...., stresses me out

@user-gz4ve8mw9l 2 года назад

Now imagine being trapped here in the bottom rungs of society. It's a fate worse than death truly I can vouch for it personally.

@fwefhwe4232 2 года назад

usa seems like a great place to make money for a software dev or a doctor, making more than 200k a year. for average american, it seems expensive

@hairyrope1912 2 года назад

It's really not that bad

@minimalistvlogger3467 2 года назад

how do I move to germany? lol

@paulpetrovich8779 2 года назад

Be careful, runaway inflation, paying more defense because of the new circumstances Europe finds itself in, immigration, rising energy costs lowering competitiveness. Your government may start scaling some of that back.

@grisellimay 2 года назад

I love how the end of the video pivoted to "if you're stressed about money just try not being depressed about it" Yea prices of everything is soaring and wages haven't moved since my parents had me but you know that's nothing a zen attitude can't solve 🤗

@yokuzo11 2 года назад

I feel what you're saying and I'm not gonna pressure you into not being depressed about money; But the truth is you shouldn't be depressed about money; When you advance in spirituality, you realize that being overwhelmed by the world's problems is counterproductive; I truly came from nothing in life and while I make low wages, the value of my dollars are high because spirituality keeps me from the indoctrinated brain concept of paying for a residence and a car; And trust me, you definitely need spirituality to comfortably live as a modern day cowboy

@grisellimay 2 года назад

@@yokuzo11 so you don't have a home or a car?

@AnalyticalMenace 2 года назад

Well, this *is* CNBC after all.

@yokuzo11 2 года назад

@@grisellimay No, I don't have a car or home; I do have a job but as far as where I live, I'm normally in different places that are open all the time; I might get a car within the next couple of years because a car isn't as much of a challenge as getting a home

@kumara5492 2 года назад

@@yokuzo11 I was about to comment like you did. And the irony of life is most of folks in US come from broken families resulting in insecure childhood and they can't even measure the essence of spiritually. Anyways, spending money on unnecessary things may not be good for them but it's good for the economy. Spendthrifts are scapegoats.

@murdelabop 2 года назад

For me the big stressor is healthcare. I long ago accepted that I would never be able to retire, but the major reason for that is the cost of healthcare.

@MrOrbion 2 года назад

Come live in Europe. Here health care is a human right. But you must be willing to leave everything behind

@quaithom3138 2 года назад

It may be possible for you to retire; Prior to reaching age 65, make an appointment with a medicare specialist to determine how much healthcare would actually cost you, and how it fit's into your social security picture. Don't accept stressors in your life. Do all you can do to avoid it. Good luck.

@davidwalker2144 2 года назад

@jl1695 2 года назад

You can get healthcare for free through medicaid if your poor or low income every state has it , idk why people complain about healthcare when it’s literally free in the united states , stop working for crappy companies that cant even give you free healthcare everybody is all about work work work but if your job cant provide healthcare and good benefits no experience and job security where its hard to get fired then why even work , half of the human population is stupid

@DannyWalker247 2 года назад

Join the club. All you hear is this retirement planning crap and the average person still has a hard time paying for housing and putting food on the table. Retirement has become a luxury that only the wealthy can afford. If things don't change you will see people just dying out on the street like in Bangladesh or somewhere. It is only a matter of time.

@MasterTSayge 9 месяцев назад

I moved to St Thomas in 2013 to be a bar tender after getting my bachelor in engineering and working at a $85k job. I was scared at 1st the I suffered a mental breakdown. I couldn't take it so I left America. THE BEST DECISION OF MY LIFE! I no longer have anxiety nor depression. I have real friends whom I call family, we play soccer every weekend plus Tuesday evenings, video games every Thursday and Friday nights, plus party Saturday nights at nightclubs where folks dont flex. I'm really Happy. I wish I've done this earlier. 😊

@bonniegaither3994 2 года назад

That’s what corporations want…your unhappiness is great for their bottom line.

@davidwalker2144 2 года назад

@evilds3261 2 года назад

Not really, enough unhappiness and you get despair and insanity that will destroy their bottom lines.

@justinlavine9209 2 года назад

Thank you MSNBC! Somebody finally asked the hard hitting questions that our Federal Reserve Chiefs, SEC Commissioners, Wallstreet Brokers, Federally Insured Credit and Lending Institutions, and government think tanks like the MIT Sloan Business School have been exhaustively researching since the first post 9/11 Recession of 2008. With exclusive interviews from many of today's top financial analysts, this groundbreaking coverage of America's fastest growing domestic markets examines the impact of one of the largest National debts in U.S. history as well as the soaring cost of inflation on businesses and the general public alike. Educate yourself by spending your money as wisely as your time by watching a collage of independent thinkers give Twitter(TM) sized answers to problems as diverse as: Why we ain't got no damn money no more? Why this mf sh*t so expensive? How tf a mf stay employed today and tomorrow? What tf you mean I have to pay back this school loan? And, can I afford this God damn medical bill and f***in' mortgage at the same time? Up next on MSNBC!

@familyfriendlyvideos2241 Год назад

@@davidwalker2144 God isn't even real 😂🤣

@davidwalker2144 Год назад

@@familyfriendlyvideos2241 and who gives you rain? And who's land are you standing on? Training a crooked is not a joke😡👎

@docsays 2 года назад

Aint gona lie I don’t think i would admit to racking up $30k in debt while having a finance background, then claim to be a money coach 🤔

@jesuslover5968 2 года назад

It’s called being an “actor”

@PatrickGotHands 2 года назад

Everyone is a founder and CEO nowadays

@HH-le1vi 2 года назад

Meet a therapist who doesn't need help. The best ones don't follow their own advice.

@acosmictemple 2 года назад

I don't know any billionaires teaching about finances and money for the masses so I see she is human using real experiences to help others

@neilmuir3503 2 года назад

@@acosmictemple yeah but ive never done anything that stupid, i dont even have that as a possibility in my life.

@nicolegraham1492 2 года назад

This sudden high inflation in Florida has been such a nightmare for me. It’s absolutely horrid. I feel I just cannot get a head. The more I earn it is seems like, due to inflation, like I’m earning the same or less.

@estebanhenriquez3491 2 года назад

I make $20 an hour. However, it almost feels like $20 is the new $15!

@zane8789 2 года назад

@@estebanhenriquez3491 In Illinois, making $15 an hour feels like I'm making $20 an hour!!! Not gonna lie. Sincerely, a lifelong Floridian turned Midwestern 2 years ago

@camaranpayne5355 2 года назад

Chill out

@theroldan8675 2 года назад

Nice... at least drug dealers from colombia in the florida arent suffering... lol

@justinlavine9209 2 года назад

@KiyosakiSays Год назад

“Financial struggle is often the result of people working all their lives for someone else.” - Robert Kiyosaki

@lasgdle2777 6 месяцев назад

I respectfully disagree. Aside from an illness and/or disability, loss of a job, etc., I would venture to say many people are struggling financially because of poorly managing their money. For example, running up credit cards that have high interest rates. If you can't pay your credit card balance each month, you're asking for trouble! For example, it takes years just to pay off a $5,000 balance with the interest rate about 25% or higher. Some people are hung up on material things, buying things they don't need, running behind holidays like Christmas and charging a bunch of stuff that they know they cannot afford. As a child it was very common to put items in lay away and make payments until the merchandise is paid in full. I've seen commercials that encourage people to buy more and more, e. g., the companies advertise: no credit, bad credit, don't worry you can get it! Some, no matter how much money they earn, will always be struggling financially because they fail to properly manage their finances. They have to have the latest this or that, they have to look good, etc. So many don't want to sacrifice and/or go without. Some will spend every dime they have and when an emergency arises they have no money saved. There are exceptions, but, I believe that a lot of households are in poor financial shape because of the poor decisions they made.

@lanetomkow6885 2 года назад

I'm financially ok, but this nearly had me in tears. Very real topic.

@blakelewison9872 2 года назад

Don’t take this personal but people like you are part of the problem. From my experience people who are financially well off often ignore and don’t care how bad income inequality is and they often oppose public policy that would help lower the income inequality gap because they worry it might slightly affect them.

@lanetomkow6885 2 года назад

@@blakelewison9872 No offense taken. Just to reiterate, I stated I was financially "ok". As in can pay my bills. I am married with 2 kids, moved 5 times to afford to live a life I wanted my family to have. Thus leaving beautiful Vancouver where I grew up, to a more lets say, less favorable place. But I am grateful for what I have and work hard everyday for it. This is a real topic though, however I don't think a single policy can change the way life is for normal people. We must remember though that most of us are way more well off than our ancestors just 100 years ago. But we should always be striving to do better for ourselves and others indeed. I don't believe it's possible for me to be out of touch since I'm part of the working class however. Perhaps a balance of responsibility for one's actions and asking for help when needed is the right approach. Best wishes.

@blakelewison9872 2 года назад

@@lanetomkow6885 better public policy can absolutely fix this. It drives me nuts when people say it can’t.

@lanetomkow6885 2 года назад

@@blakelewison9872 Perhaps you are right. But I believe it has to be both parties trying their best at solving the issue of wealth inequality. That being the public entity and the private individual.

@navysteel 2 года назад

Price of gas is too high.

@Beepbeepoutoftheway 2 года назад

Individual choices, of course! Why didn't I think of that? Good thing it's not corporations depressing wages and price gouging while landlords raise the rent year after year

@JAlan4 2 года назад

Might want to look at the central bank and government for having us be at this point.

@icyx9268 2 года назад

they talk about loss of money from loss of human life vs actual loss of human life itself THIS is why were f*cked

@henrygustav7948 2 года назад

@@JAlan4 Might want to look at banks defrauding people, banks and Wall St controlling the levers of Government.

@angelainamarie9656 2 года назад

Not only raising the rent but refusing to fix their slum properties

@angelainamarie9656 2 года назад

@@JAlan4 is that an argument or a tautology from the right. Cuz it looks like a lazy tautology to me

@borikero1 2 года назад

In the US, it is actually less financially stressful being "poor" than being working middle class...you just have more to lose. It is easier to feel anxiety, stress, and burnout with little to show for it. You are also one illness or hospital visit away from losing whatever you have saved up. Been on both sides and know this for a fact. At this point many people are just giving up on the system till it resets eventually...especially once the boomer generation gives up the death grip it has on politics and the economy.

@josephlong8549 2 года назад

"You are also one illness or hospital visit away from losing whatever you have saved up." Yep! I pay less than $19 per month for good socialized medicine here in Costa Rica. Per capita spending on health care: US $12,530, Costa Rica $922. Life expectancy US 76.6 years, Costa Rica 80.47 years. Spending less. Living longer. Just one of the reasons I got outta Dodge.

@mrsdramaqueen3 2 года назад

as a poor person who is on the verge of homelessness, I think we’re all struggling greatly but it isn’t less stressful in any way shape or form

@msheehandub 2 года назад

Young people can go and overwhelm the polls and vote these old fart boomers out. Until then, the old farts will keep voting for themsleves

@mammajamma4397 2 года назад

That's just not true at all.

@justinlavine9209 2 года назад

@Hoppensagen 2 года назад

The real problem is business paying money to comgress people to vote on bills that redistribute wealth from the working class to the wealthy. In 1980, the lower class had 10% of the share of the U.S gdp, middles class was 62% and upper class was 29%, now 40 years later, the lower class is 9%, middles class is 42% and upper class is 48%. The money in congress has led this charge and republicans and democrats of this era should be ashamed, we need to vote these people out they respond only enough to get them elected, and then do whatever lobbiest tell them to do. We know that the bail out money just put normal Americans into debt so companies could repurchase shares. We know they bring up issues like abortion, and guns to divide everyone when talk about the corruption starts to rise like we saw when we found out congress does a lot of insider trading. Don't get distracted, our focus needs to be on corruption in congress.

@Garrosh8781 2 года назад

👆Facts!

@user-gz4ve8mw9l 2 года назад

Socialism for the elites as socialism actually does work contrary to decades of propaganda. It's the reason oligarchs practice it and give us the capitalism as modern day slaves in all but name. For the very same reason the CIA terrorist organization coups so many countries. If they let socialism ever truly flourish unimpeded the people would reason it's far better. At least than a dystopian hellscape which we are trapped within the confines at present. Voting will never do anything in this system buddy. The corporate oligarchs control everything. Both parties are one party contrary to the propaganda. They are the party of the corporate oligarchy. The ONLY way this changes is revolution it need not be violent however.

@dachicagoan8185 2 года назад

the media will never talk about that truth. They work for the corporations to keep us misinformed.

@JosefJochemPodcast 2 года назад

Bitcoin fixes this.

@dachicagoan8185 2 года назад

@@JosefJochemPodcast the only thing bitcoin "fixes" is reducing your net worth if you want to be poor.

@laudableplain4282 2 года назад

-Don't spend more than you make -don't have kids you can't afford

@theroldan8675 2 года назад

in other woords.. stop existing... lol

@laudableplain4282 2 года назад

@@theroldan8675 sadly kinda, blame the bankers and politicians for inflation

@justinlavine9209 2 года назад

@ahndeux Год назад

My parents taught me as a kid one important lesson. They said to never spend money you don't have unless its to buy a house. That includes cars, clothes or anything you need. If you can't afford a new car, buy a old use beater. If you can't afford new trendy clothes, go to Goodwill. They told me to never spend on credit cards unless you can pay it back. I only got a credit card to build credit, not to spend. As a result, it has helped me my entire life. I don't stress about money at all anymore. In fact, I never did stress out on money even as a young adult. If I can't afford something, I don't buy it. Once I started making money, it took less than a year to save up to buy a house. Instead of moving out right away, I stayed home, paid all the utility bills and saved up money for a few years to get my own place. I paid off the house in less than 12 years and have zero mortgage and nice 401K savings, Roth, and many other assets. I have zero debt and still drive older used cars that I paid in cash. Life is so much more enjoyable without a single worry about money.

@lylalorenza4603 Год назад

Hi, I am curious about something. How does someone pay for unintended expenses such as private school of you live in a poor school district or unexpected medical expenses.

@ytucharliesierra Год назад

@@lylalorenza4603 When he says he doesn't buy things he can't afford, it also means that he is able to put money back, to save money. So if no proper health insurance is available, he possibly has some savings that should cover for unintended expenses. That is one of the major features of proper money management in household finances, the ability of saving money, of making an underbudget every month.

@cherylT321 Год назад

You are awesome!

@lordjazm3161 Год назад

Yes sir 👏

@ely27able Год назад

Facts

@williumroden732 2 года назад

I don’t need someone to tell me I’m stressed about money lmao

@thejquinn 2 года назад

Especially a "money coach" that literally balled out $30k during covid because they were "stressed", and want to give others finance advice 🤣🤣🤣

@davidwalker2144 2 года назад

@jl1695 2 года назад

Well the media always needs these random wanna be experts to control our lives and tell us the obvious

@wread1982 2 года назад

You are stressed about money bro

@freeguy3751 2 года назад

@@thejquinn Yeah that was so funny! They barely focused on their helpful advice and just exploited their destructive spending stories

@iivv_nn 2 года назад

lost me when you let the girl talk about shopping into 30k debt and the other about drinking and eating.

@AdADglgmutShevanel 2 года назад

That girl is the CEO and founder of a company for financial education... I feel like her statement really hurt her business

@MikeyPaper 2 года назад

@@AdADglgmutShevanel its blind leading the blind

@bathombre9739 2 года назад

Yeah these women are out to lunch , and that first one saying she is 34 and has 28k in debt and that's credit card,, I'm sure she has school.and car loan debt as well, who the hell would get advise from these people, who would marry them?

@frankculaga5169 Год назад

@@bathombre9739 Are they just victims of bad luck? Or did they bring it upon themselves.

@iivv_nn Год назад

@@grit1679 nah bro lol

@sextond Год назад

I work with a lot of Europeans and they never worry about losing a job or getting a medical bill that will push them over a financial cliff. They know that there is a safety net, so they do not get stressed to the level that Americans do. I think we have done this to ourselves by allowing the shift of all responsibilities onto the individual.

@ricardodelacrvz1400 11 месяцев назад

It really depends on the european country. If you talk about Portugal or Greece then you worse than America. Minimum wage there is not even 700euros. Thank god I moved to France 4 years ago. Sacrificed a lot but I can eat now, save and invest.

@chicheng1941 2 года назад

If Americans instantly stopped using debt to finance their lifestyles the US economy would completely collapse in an instant. America is a country that was built on debt, the American population is no different.

@D_LEGEND 2 года назад

Some debt is actually healthy as it inspires growth. It would not collapse an economy. But what's happening in the US when it comes to debt is insanity. This is why it has to do all it has to do to stay at the top of being most influential in the world.

@Hans-gb4mv 2 года назад

@@D_LEGEND Some debt, yes. The big purchases in life like your house, where you are paying of for decades. Absolutely. But in a country where people buy almost everything with creating debt, you have a big issue. We've seen that in 2008 with the collapse of the housing bubble which, essentially, was also a debt bubble. But it's an issue that will be dificult to solve. If you are already dragging a massive debt behind you by the time you can start your first proper job, how do you ever hope to break that cycle?

@leftismtoday6072 2 года назад

Americans are forced to take out debt, it's not a choice. Without a higher education for many people they will be stuck living the same paycheck to paycheck lifestyle while earning even less and having less security. The answer is socialism

@theroldan8675 2 года назад

agree. west world lives on credit but this losers believe they are some kind of european monarchs

@Robertgriffinne Год назад

Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

@wiebeplatt4749 Год назад

That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Investment planner if you need an aggressive return.

@marianparker7502 Год назад

To anyone whose paying attention, its obvious , the entire world is coming off the rails. Soon we will be evicted and become street eligible. what moves can we make to generate more income during quantitative tightening

@PhilipMurray251 Год назад

You are definitely going to want someone who has experience managing a portfolio in bear and bull markets. I invest in all of the major markets, but not alone. I mirror the trades of "CORINNE CECILIA HEANEY" who you may have seen on the news performing stock analysis. I can confidently claim she's worth her salt as a financial consultant since her diversification abilities are top-notch.

@Robertgriffinne Год назад

@@PhilipMurray251 .How do i get in touch with this financial consultant whom you mentioned?

@PhilipMurray251 Год назад

@@Robertgriffinne You can look her name up on the internet. She's renowned and has quite a following. So it shouldn't be a hassle finding her official webpage

@theyjustwantyourmoney4539 2 года назад

Living below your means has become impossible considering that the minimum wage can no longer pay for a roof over your head + consumer debt = homeless with a job.

@EVP5309 2 года назад

And considering it was never meant to, that problem is on those who refuse to increase their skill set to make themselves more valuable.

@scifirealism5943 2 года назад

@@EVP5309 So because something hasn't existed before it can't exist now? According to that logic women don't deserve to vote. Since they didn't have that right until 1918.

@scifirealism5943 2 года назад

@@EVP5309 Minimum wage jobs are dead-end. They give you no skills to become a stem Lord nor do they pay you enough to pursue a college education. Tell me how pushing carts at Wal-Mart or serving ice cream at McDonald's qualifies me to be a neurosurgeon.

@The1GeminII 2 года назад

@@EVP5309 -They don’t understand those jobs were meant to be temporary positions, with no benefits, for teenagers and college students. Unfortunately, they were never meant to sustain an individual’s independent living. It’s also disheartening, people are discouraged from attending college, or obtaining a trade.

@The1GeminII 2 года назад

@norm simpson -People in their 50s and 60’s are obtaining degrees. It’s almost never too late to re-educate or retrain.

@QuietRiot69 2 года назад

Money is stressful because WE DON'T HAVE ANY!!!

@jeffreyjackson5229 Год назад

I knew a work colleague who had to work two full-time jobs to support his family, even though his wife was working, I think? He confessed to us, all males present at the time, that he was headed to his second job and was feeling so overwhelmed that he pulled over to the side of the interstate, parked his car, sat there for approximately 30 minutes, and just cried.

@Northwest360 2 года назад

These videos that don’t get to the heart of the issues (capitalism, wage labor, corporate greed, stagnating wages, increasing costs of everything, everything being seen as a liquid asset, etc) are so frustrating! We need a societal revamp, not a “good attitude” and bootstraps

@Beekeeper8011 2 года назад

Uploaders on RU-vid can only be so truthful. Oh, and the societal revamp we need is an abolition of the welfare state and the shrinking of the federal government. Everything is so expensive bc we got off the gold standard in 1971 due to LBJ's expansion of the welfare state in the 60's. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-nWNB3XnSWBE.html

@Jimraynor45 2 года назад

Lol, heart of the issue? Saying capitalism is at the heart would be like saying oxygen is the main reason fires start. Capitalism is fundamental to the success of humans. You are surrounded by the achievements of capitalism! Clearly, you are quite ignorant Matt, probably naive and foolish as well. I don't have time to explain how wrong you are, but just look at history. How many graves do you need Matt! Those nations which drifted farthest from free market capitalism are doing worse, not better! We don't need a collective revamp, we need individual strength and responsibility, not collective guilt.

@scifirealism5943 2 года назад

Correct.

@M123Xoxo 2 года назад

CNBC is in bed with the corporations who've destroyed our quality of life and looted this country. Not surprised they're spreading propaganda that blames the individual for the problems created by corporate greed.

@scifirealism5943 2 года назад

@@M123Xoxo why can't we have an honest news media company?

@user-fp4dr1ne7z 2 года назад

Corporate greed, financial literacy, inflation, not budgeting and living below your means, not saving and investing. The battle is all around us and within us.

@sew_gal7340 2 года назад

*illiteracy

@northerniltree 2 года назад

Living ABOVE your means

@icyx9268 2 года назад

they talk about loss of money from loss of human life vs actual loss of human life itself THIS is why were f*cked

@COURTNEYVCK 2 года назад

Oh shut up, not budgeting and living below your means isn’t the problem. People are already living paycheck to paycheck with low wages and high cost. There’s nothing left to say please save your malarkey

@TrevForPresident 2 года назад

The Fed

@JohnDoe-mx3rr 2 года назад

I think the internet itself cause this and give people perception that they should have a certain lifestyle.

@davidwalker2144 2 года назад

Dollar Money is a silent dictator test, " in God we trust " The cure is reading the word of God that reminds you of a lifestyle you Never buy, food, get stressed, dirty, tired ,sick never will you pay rent, Health care, Geico car insurance paradise believe me?👇😂

@COURTNEYVCK 2 года назад

True

@M123Xoxo 2 года назад

If by lifestyle you mean not homeless or renting until death. Apparently the Boomers think that's too much for the younger generations to expect despite owning homes themselves since they were in their mid 20s.

@HH-le1vi 2 года назад

Yes and no. People have always liked to flex. Difference now is that it's way more in your face than before

@need4speed5353 Год назад

My reaction to lots of stress is throwing up and it sucks. Last winter, I was throwing up 2 or 3 times a week because my job wasn't putting me on the schedule much and I couldn't pay my bills, and I was just 16. The same thing happened after I had a car accident this year. Might as well start your suffering while you're young so you get used to it

@shellydavis855 Год назад

How about we don't have kids

@angelachanelhuang1651 Год назад

ask for help with money

@DynastyTrickDogs 2 года назад

Why is it so stressful? Because unless you're an instant multimillionaire, you're constantly working every day all day just to eat and not live in a box. One accident will gurantee homelessness.

@abhijitchintamani1287 2 года назад

I'm unmarried, live alone on a 70k+ income and yet nothing seems to be affordable like an emergency health situation, or a home or even a pet.

@PlanetX369 2 года назад

Even 90k a month is not enough. This is the absolute worst economy I've ever seen

@abhijitchintamani1287 2 года назад

I forgot to mention, I live in a humble Texas city(not one of the top ones) and 70k still doesn't suffice.

@DC-rd6oq 2 года назад

@@abhijitchintamani1287 Texas doesn't have state income tax, so I'd guess your take home pay is somewhere between $4,500 and $5,000 per month. As a single person not living in a high rent/expensive area, you should be able to live on that pretty easily. If you don't have one already, put a budget together and figure out where you're spending each and every dollar. IMO, inflation is going to get worse not better, so it isn't going to get any easier.

@tiamarie1226 2 года назад

@@DC-rd6oq disagree I've been on the low end and I'm around 70k in Texas too ....and with costs of things it seems like I'm still not ahead. Wages are up but sucked up by inflation of things so not really ahead. I am in a bigger city not a renter but pro taxes and home ins have gone up so my monthly mortgage is more. They also tax you more and still benefits are taken out of the check. I will say the only change I am able to save I remember when I made less there was nothing to save after all was paid and food brought.

@tiamarie1226 2 года назад

@@abhijitchintamani1287 I agree with your statement even 70k is not getting you as far .

@monikaszafranek5611 2 года назад

I love how this video literally points out the problem and says this increase is because a lot of stuff that government used to pay for is now put on the individual like education and retirement plans and THEN says that the way to solve this problem is for the individual to take care of their finances more responsibly 😂 This is an insane conclusion! Not only did the government in America used to pay for these things, most governments in wealthy countries still do!

@kryptokingg 2 года назад

Isnt that their job

@Hakeem94 2 года назад

Corporations pay billions every year in marketing to push the narrative that individual choices are 100% to blame for one’s financial situation. To even fathom that government or corporations share in the majority of that blame and should be held accountable is usually met with disdain.

@eitkoml 2 года назад

CNBC is a platform owned by the rich and spreading messages for the rich.

@shakenbacon-vm4eu 2 года назад

Exactly. What do you expect from CNBC. The vid started off so good too!! But then they punted to personally responsibly like WTF CNBC you think those in power are in any way responsible???

@guidope288 2 года назад

Exactly. I uphold one simple rule for spending my money; if I can’t afford it twice, I can’t afford it. Except for my mortgage, I have never been a penny in dept.

@LiverbestGibs 2 года назад

In 20 years, house prices are 4 times more expensive. Wages have only increased around 10 to 50 percent for similar work, in the same timeframe.

@undiscloseduser2004 2 года назад

I wonder if there is a way to mandate wages to match housing costs or cost of living so there is no way for these companies to continue paying wages which match the living wage 15-20+ years ago.

@leuris_khan2 2 года назад

The Mother of All Bubbles

@killermogle 2 года назад

@@undiscloseduser2004 Sure, if you want everyone to go out of business.

@cable30 2 года назад

It no shock getting a home is a whole lot more now then years ago because of what happens now days to where u cant just buy a place unless u give up alot to get shelter anytime. so much gotta be done but wont cause no law to stop or block it any from what i read or hear any. Wages go up then stuff we buy goes up cause everything just cost more to pay places to serve it or to buy it for any reason. Get rid of all the frickin greed then maybe things might go easier but i doubt greed will ever go away .

@aketchupman5103 2 года назад

@@killermogle businesses are currently making all time record profit, if a business can’t pay higher wages in this market they never could at all. Plus like Ford taught us, higher wages boosts spending and thus corporate profits enabling higher still wages again.

@coolestvideo100 Год назад

I’m 20 and looking at my college bill while being an instate student is depressing. Because in America you start accumulating debt as soon as you become an adult and turn 18.

@chodkowski01 Год назад

I traveled the world in the military and saw how people live with nothing in other countries and how spoiled and rich we live here.

@JadedJassy21 2 года назад

Oddly enough at 35 I feel conflicted. I finish school. Got my career. Own a home (thanks FHA) but still life has also gotten bleaker. War, hate, increased crime and financial anxiety. Things have gotten more $$. It's harder to save. Money doesn't go as far. Jobs aren't secure. Social safety nets are weak. Saving for retirement is a joke. Right now, I am trying to save as much $$ in my emergency savings but it's weak right now.

@colin8696908 2 года назад

have you tried turning off the news?

@mrsdramaqueen3 2 года назад

@@colin8696908 that’s assuming he watches the news and even if he does, watching it or not isn’t changing the fact that people can’t afford to live

@ColinAdventures 2 года назад

My experience: put together a budget, realize that my income doesn’t cover basic cost of living, increase hours of work and do nothing except work/sleep, level up skills/change jobs to increase increase income, things start to look good for a few months, emergency happens that leads to savings getting wiped out and massive debt, repeat… I gave up on renting a few years ago and moved into my car which helped tremendously, swapped the car out for a school bus and looking to upgrade again soon to something more reliable. If you do the math, someone making the median individual income in most of the U.S. isn’t going to be able afford the basics in life, especially housing. It’s completely ridiculous to say that Americans are in debt because they have a spending problem or just don’t know how to manage money properly. Most people I’ve met are very aware of the state of their finances actively choose to ignore it and go further in to debt because they don’t see a strategy that makes any sense without resorting to something extreme like living in your car.

@burymebelowawillowtree9243 2 года назад

Your comment just cement the idea that soon a good number of people are just going to live in a vehicle. And that it’s just going to be the new normal.

@sherrylander2643 2 года назад

Save what you can afford, or something you really can live without.

@TheBooban 2 года назад

I think what you said is true. It’s also true Americans are so bad at money that they can’t budget for a month so have to be paid bi weekly.

@yokuzo11 2 года назад

And that's why I live as a free roaming cowboy; I wish more people would join me and other people who have chosen the free roaming cowboy lifestyle; My brain can't even understand the concept of choosing to burn money on rent

@jeorc 2 года назад

@@yokuzo11 what does that free-roaming cowboy lifestyle entail?

@Doublepulse Год назад

The stress from money is a vicious cycle because that stress and anxiety causes more money decisions that don't benefit you. Buy stuff we don't need is our way of coping to the stress but adds more problems later.

@kenlewis2253 2 года назад

Travel plans, gift buying… this is what she says stresses Americans out. The stress of demanding to live beyond one’s means. How ironic. Interesting how starving people don’t have the same level of stress. It is harder psychologically to be a greedy American than a poor person from an undeveloped country.

@D_LEGEND 2 года назад

Absolutely spot on.....this is just arrogance. 30k of debt due to stress shopping.....who the heck gave her that many credit cards. It's a continuous feedback between greedy corporations and greedy people. The truly poor, and those that actually balance their budget suffer the most from these idiots

@kaylamoore2974 2 года назад

@@D_LEGEND also she claims to be a financial professional - the one who got 30k in debt from impulse shopping due to "stress". thats insanity to me.

@navysteel 2 года назад

Christmas drains our bank accounts and causes us to gain weight.

@JoaoSilva22222 2 года назад

@@navysteel true, i stopped with the christmas shoppings, my januaries are much better now.

@n9athan 2 года назад

Ironically, if more Americans become financially literate and responsible there will be massive negative consequences on the overall economy. The American economy relies on consumerism, irrational spending, and debt.

@kevinstfort 2 года назад

Agreed. But even if that didn’t change, people could still have a better life in the US if policies changed.

@Racko. 2 года назад

I agree, I feel like most in the US who are always complaining about money and things like that need to one day realize that it's not always the "system exploiting" it's more of a self inflicted issue, take a look in the mirror and spend your money wisely and prioritize your necessities before buying a bunch of useless stuff when you do have the money at hand

@joannabusinessaccount7293 2 года назад

What an insightful comment. The success of capitalism depends on people having to work for survival, for wanting more all the time, for being in debt thus having to work for life to pay off the debt. Don’t think we have modern day servitude or indentured slave workers? It’s called: a mortgage, a student loan, and the need to pay for healthcare.

@debbieframpton3857 2 года назад

They're not going to get it from me I don't carry any credit card debt and I don't buy anything unless I can afford it

@georgie9224 2 года назад

This is short sighted. Yes there should be tough transition however the economy would be on much more solid ground and much more innovative if people were more financially literate, saved more, invested more, and borrowed only for investment not for consumption. This would translate into massive investment in innovation, superior legislation as the legislators and electorate would be more financially intelligent. Imagine that!

@nolagyrl4793 2 года назад

"The comfort of the rich depends upon an abundant supply of the poor." ~Voltaire~

@theroldan8675 2 года назад

the poor deserves to be poor... lol

@dannyzero692 2 года назад

Money doesn’t buy happiness is a myth, money does buy happiness is a fact.

@sarahferguson0 2 года назад

That money doesn't buy happiness crap was started by the rich. I guarantee a bit of money right about now would bring me some happiness. 🙂

@TofuCate 2 года назад

I believe lack of money causes unhappy more than the opposite. Once you make enough to get everything you need, additional money has a diminishing return. Someone who earns 300k is not necessarily happier than someone with 400k. Well off people do have problems that can't be solved with money. They can still get depression.

@D_LEGEND 2 года назад

Money will never buy u happiness, but it will give u a free addiction that gives u an illusion that u r happy until u run out.

@Hans-gb4mv 2 года назад

Money doesn't buy happiness. Even the rich want always more and more. Which is why they never give it away to good causes, which is why they want to avoid paying taxes. Having money just means that you worry about other things, that you have other problems.

@madamcurry9297 2 года назад

Money can buy plane tickets so you can travel and enjoy- if you have extra left month after month.

@johns6176 2 года назад

It’s the main reason why I’ve kept from have kids, you’ve got to have things setup right to enjoy life, not going to allow my kids to be someone’s employee if I can help it. I imagine they’ll roll back abortion laws and increase incentives for people to have more children in the future.

@PraveenSriram 2 года назад

That is just sad 😔. Why bring children into a world that is going down in the dumps?

@navysteel 2 года назад

Kids consume a lot a time, money, and energy. Return on investment is unknown because the kids could be born sick and might not get a decent job until theirs 20s or 30s.

@anastaauguste795 2 года назад

Not everyone able to pay for their bills specially in American cultural. In New York State Everything it's high expensive. We can live only by Blood of Jesus Christ. Even professional or not the jobs do not paid workers enought wages.

@alexl0890 2 года назад

A burger at a restaurant now costs 18$ on average. Plus tip and tax it's like 26$. Yet hourly wages are like 7.25 to 12$.

@CandyLaStar 2 года назад

Hah! I haven’t gone to a restaurant in like 8 years 🤷‍♂️ who can afford that I make 14.5 an hour with my bachelors degree..

@mra.prasetio 2 года назад

That's insane, how did you all survive, economically?

@alexl0890 2 года назад

@@CandyLaStar exactly. I just cook at home. Burgers aren't that hard to make.

@davidwalker2144 2 года назад

Money is a silent dictator test, " in God we trust "The cure is reading the word of God that reminds you of a lifestyle you Never pay for; food, rent, Health care, Geico car insurance get stressed, sick, dirty, tired it's called paradise devils were there jelous of you attaining that lifestyle believe me?🙏😫

@M123Xoxo 2 года назад

@@mra.prasetio We have burgers at home

@thimmukar8565 2 года назад

Irresponsible govt. spending needs to stop. Healthcare and Educational institutions should stop fleecing.

@chrisbruggers8076 2 года назад

Money causes stress because most people live beyond their means. Happiness is when you learn to live within your means.

@mugglescakesniffer3943 2 года назад

Well one salary used to cover a car and a home in the fifties. Now buying just a car is beyond us. The Economy sucks and has not kept the worker up with inflation.

@mathisnotforthefaintofheart 2 года назад

You are right in a way BUT you don't think that instant gratification and the urge for more luxury is part of the problem too? I mean, in the fifties, life was much simpler in terms of what was available to the common family. Take for example a look at toys for kids in the fifties vs today....

@scifirealism5943 2 года назад

With inflation the minimum wage should be $45.

@neilmuir3503 2 года назад

@@mathisnotforthefaintofheart no, you had objectively more purchesing power back then.

@mathisnotforthefaintofheart 2 года назад

@@neilmuir3503 That could be true. But maybe we ought to strive for less expensive SUV's, stop buying new cars on credit and learn to live within our means. There is no doubt to me that consumerism is out of control (until recent thanks to Corona)

@SpiderCraftNation 2 года назад

Get a used car like i did

@lorihamlin3604 Год назад

For the first time in my life I’m not stressed about money. I’m 70 and have only in the last two years become debt free and have enough in savings to sustain me minimally for 10-15 years. The stress of money woes has probably taken a few years off of my life so I’ll probably have enough to last. Dreams of world travel after retirement are up in smoke but you what…I don’t care. I’m at peace and healthy.

@morenahlatshwaya8067 Год назад

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life

@cedricjiosh6935 Год назад

For me Forex trading is really profitable, investing in it now will be the wisest thing to do especially with the current rise in bit coin

@adasohas4557 Год назад

you're right Forex trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.

@user-cd6ny9yp9y Год назад

Yeah for sure, honestly I made 62,800 dollars within 6days of trading with Bit coin.

@user-cd6ny9yp9y Год назад

It's really profitable for me and I encourage newbies who are interested in the investment should do now

@user-cd6ny9yp9y Год назад

@Charity Silas I don't really trade, I recommend mrs Catalina Vladimir, she trade for me.

@josueravena3464 2 года назад

For me I'm doing fine, and seeing my dad who works his ass off throughout his life makes me determine not to go the same route, so im willing to learn anything to be financially stable and accumulate wealth in a long run so I can be financially free. It will take some time but doable.

@johnbarton562 2 года назад

I wish you luck - - I hope you don't get cancer that takes much of your money, or a drunk driver does not hit you and leave you in a wheelchair. Work hard but know that much of it is luck too.

@justinlavine9209 2 года назад

@forrestaustin7050 Год назад

Exactly. If you live in America it's doable. Problem is ppl don't want to put in the effort and want everything handed out

@forrestaustin7050 Год назад

@@johnbarton562 eat healthy excersize get nature time and regular checkups is better then hoping .

@RoseyJohn1 2 года назад

Oh if I just “change my mindset about money” I’ll feel better about my grocery and utility bills outpacing wage growth…. Thanks CNBC. Mental health recovery tips all cost money my dudes…..

@jermainemyrn19 2 года назад

I know right. These rich people are insane

@hoangle2483 2 года назад

So cost of everything goes up, yet wages remain stagnant which stress people out, and their response is DONT think about it ? What ?

@jonkaffai6007 2 года назад

Or heavy drugs will help lol

@LadyCoyKoi 2 года назад

@@jonkaffai6007 As I tell my students... Don't do drugs, it's too expensive!

@verswmarz2754 2 года назад

Thanks brandon.

@mikeflair6800 2 года назад

The most important thing we can do is to start teaching 'early finance concepts' in 7th grade. Topics should include: 1) time value of money (power of savings and compound interest). 2) budgeting of spending and 3) wise use of debt. These courses can be developed and easily understood , and be part of 'social studies'. I have suggested this like a THOUSAND TIMES, but no one pays any attention my idea.

@biner01 2 года назад

Na, this isn't a personal choice. Our economy has been in severe decline for the last 30 years.. it's the younger generations that are getting hit so hard they can't even sleep.

@josedeleon6669 2 года назад

@biner. That doesn't Invalidate the suggestion that we provide financial education. Let's not dismiss because it doesn't allow as much ignorance as an excuse.

@biner01 2 года назад

@@josedeleon6669 I do like it taken from that perspective. I took it from the "your circumstance is your personal choice" perspective which is a complete and total fallacy. Studies have shown (with modeling) pretty definitively luck is the predominate factor in success regardless of other factors (like intelligence).

@josedeleon6669 2 года назад

@biner... there are more factors out of our control than within. However, that doesn't dismiss personal responsibility. Take vacations for example. Taking vacation is a need. Psychological need to wind down. However, that vacation doesn't have to cost thousands because someone wants to travel. That is the personal choice part.

@biner01 2 года назад

@@josedeleon6669 You're saying these people spend too much because they're too stupid? I'm not sure that's ever the case. For example, people love to go to Vegas even though the know its a poor financial choice. I'm not sure education has much, if anything, to do with this. I mean... come on. I learned those very topics in 9th grade.. Doesn't take a genius to figure these things out. I will say we should teach more about student loans and the true return on investment in terms of higher education in general.

@aleksanderabraham9673 2 года назад

Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

@ebonicalbert5711 2 года назад

Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

@aleksanderabraham9673 2 года назад

@@ebonicalbert5711 Anyways not actually, what I know about trading almost borders on zilch lol. I make huge profits on my investment since I started trading with Mrs Debbie Ramirez.

@aleksanderabraham9673 2 года назад

@RONATO Johnson My coin stays right in my trading account, my account just mirrors her trades in real-time that's the idea behind copy trading.

@ebonicalbert5711 2 года назад

@RONATO Johnson Same here, My portfolio has been going down the drain while I try trading, I just don't know what do wrong, have invested $18,000 in crypto all have now is just $5365.

@ebonicalbert5711 2 года назад

This is exactly what I need for my short-circuted brain at this moment of time. please I really need help with her info.

@MsGenXodus 2 года назад

I was an essential worker, and I’ve now retired last year due to stress related health problems. I’m 52, and lucky that my spouse has a decent job, because otherwise I’d likely be sleeping in my car. Never allow an employer to work you into the dirt. Within 5 mins of my doctor’s note that my condition was likely permanent, I was locked out of the employee portal. Employees are Tossed aside like so much trash. I can’t even sue due to arbitration agreements.

@hobbygamer6220 2 года назад

mobile is the way to live

@theshield2004 Год назад

Corporate America essentially means the employee is just a number, and is easily replaceable. Glad to hear you have someone to rely on.

@nickyliu8762 2 года назад

Back in the days banks would never give out loans to people, that can't use money. Nowadays they prey on them, turn them into debt slaves. Policies to curb excessive consumerism could lower severity of debt, but alas, a governmental approach to protect the poor man and force the rich man make slightly less profit off the poor would never fly in the U.S.. Instead, the blame is once again put on "the individual".

@voiceinmyhead1731 2 года назад

And South Africa my beloved country is picking up on these awful capitalist tendencies

@TheHouseofSniffers 2 года назад

RESPONSIBILITY.

@coolmodelguy6304 2 года назад

The truth of the matter is: Wealth grows faster than the economy does, and as you all know wealth does not grow by itself. Wealth feeds off the economy, kinda like a parasite because wealth is the ultimate freeloader. Take for example, the playground bully. More than twice the size of the other kids and using that advantage to shake down the smaller kids. That would be a good representation of wealth and our economy in 1947. Since then wealth has grown 6% per year averaged, while the economy has grown 5% per year averaged. Since the economy started with a smaller body and grows at a slower rate, you won't be surprised that wealth is now very nearly five times larger than the economy. This is simple math folks. We have been conned into thinking that finance and investment is how money grows. The truth is that the government and banks creates new money using debt, which is then promptly stolen by wealth. And when the new money is not enough, wealth shakes us down some more and calls it "inflation".

@Ayo22210 2 года назад

Interest rates are at record lows. They are negative in real terms compared to inflation

@bengrant8890 2 года назад

Well put.

@quintonmillett5149 2 года назад

The cost of living has been going up faster than wages since 1998, that's why people are meaner now than they were in the 1990's people are turning to alcohol and drugs to help cope with financial stress I've noticed this the past 20 years, people are not as generous like they were. And drugs are more potent now than decades ago which is making people who do them crazier, domestic violence is on the increase.

@nunyabusiness3786 Год назад

Being generous is an expensive sacrifice no one can afford to make anymore. Its not your money to be generous with. It belongs to your wife and your children need it. Without it you could not have a home.

@CrypticDanny 2 года назад

Wow. I felt singled out to be honest. All of this stuff is very relatable. I’m impressed.

@jermainemyrn19 2 года назад

Price of everything goes up Rich people: we have no idea why people are stressed about money.

@LadyCoyKoi 2 года назад

Very well stated. Thank you.

@stachowi 2 года назад

We're stressed about bankers and politicians fleecing our savings/investments with inflation (with debt)... and there is nothing we can do about it.

@christiandauz3742 2 года назад

Well we could reenact the French and Russian Revolutions

@CandyLaStar 2 года назад

🤔 have you tried yoga or a long walk in the park? 👍

@christiandauz3742 2 года назад

@@CandyLaStar People like you are why Slavery lasted so long

@StopMediaFakery 2 года назад

If everyone said no to the system, it would collapse. It functions thanks to media manipulation of the sheep.

@MyOldNameWasTaken 2 года назад

There is something you can do about it. Buy gold and silver, or if you are able to, buy land. You could also look into non-meme crypto as an actual alternative to cash. Don't view it as an investment like crypto. Instead use it like yoy would use normal money. Bitcoin is horrible for this because of transaction fees but Monero is pretty good. Just don't fall for scams and do your own research

@josephlong8549 2 года назад

I'm not stressed about money at all. I got outta Dodge and live overseas in a country that's much less expensive than the US. I recommend it.

@reginafisher9919 Год назад

Where?

@tylercooper1551 2 года назад

Money isn't stressful, but the lack of it is

@chancechristenberry5116 2 года назад

False

@WithYourMamaInBed 2 года назад

Luckily for me I work 12 hours a day in a good paying industry, I literally don’t have time to spend it so I just save save save

@jayfinne626 2 года назад

If the thing you are saving is USD that is not savings.

@andremessam3770 2 года назад

That's no way to live.

@WithYourMamaInBed 2 года назад

@@andremessam3770 it’s not, but I’m building my future by sacrificing now

@Lousasshol 2 года назад

I bought a motorhome and essentially retired in it , snowbird from desert mountains to beach during the year I’m 37 in central California currently...live life the way you want to live it and do not let others make ur mind up

@javierduran1390 2 года назад

I personally never understood the American idea of sacrificing today to enjoy tomorrow. I have seen people work their whole lives even near retirement age. And when they decide to retire, they don't really enjoy their savings. Tomorrow is never guaranteed. I personally live in the moment. I don't try to purchase anything out of my reach and of course I save for emergencies but I rather have a balance of work and personal time. "The business man said to the fisherman: "Why are you napping under a tree?" - "Because I've caught enough fish for the day." Why don't you catch more? "Why would I do that?" -So you can buy more nets, a bigger boat, go out into deeper waters, then buy a whole fleet of boats and be rich like me. -"Then what?" -Well, then you can enjoy life. -The fisherman: "What do you think I'm doing now?"

@maximusdecimusmeridius5438 2 года назад

The average home is 400k and the average income is 50k, that's a 8x meanwhile in the 70s it was only 2x. Not to mention the increasing energy prices.

@donaldlyons17 2 года назад

Omg really so housing was getting way more expensive realitive to incomes!!!

@scifirealism5943 2 года назад

Wow.

@user-gz4ve8mw9l 2 года назад

Few people make 50k a year...I don't know where you live. Here in reality in the USA on earth the majority of people make between $15-30k/year. That's after taxes and no $15/hr doesn't even equal $30k.

@donaldlyons17 2 года назад

@@user-gz4ve8mw9l I think he intended for pre tax. I don’t know many who state they make x amount after tax. But I think your right. I have had many tell me their kid ended up with 1 million in a retirement account but almost no one tell me they have 1 million cash!!!!

@user-gz4ve8mw9l 2 года назад

@Davit M Nope PA almost everyone around here makes $5-30k/year after taxes. Yet the required cost of living is closer to $59-65k/year. The median wage equates to $15-30k/year after taxes nationwide. Which is to low to live off of nearly everywhere obviously. Yes people do make more but they are more of the exception. In California it's no wonder $70k doesn't go as far as it would in other states. Especially IF you live in close proximity to a major city.

@rongendron8705 9 месяцев назад

I'm 77 & have seen the changes that have taken place in the American economy, since the 1960's! The reason the working class did not feel economically hopeless then, was because they had to "live within their means", i.e. no easy access to credit! Many also had jobs also paid 'livable pension plans' at retirement; provided health insurance; paid vacations.etc. This way, average workers did not have to worry as much about saving for these items or to be concerned that a sudden illness could wipe out their life's savings! When 'big business' encouraged the initiation of 401k's; 403b's; IRA's, etc. to replace 'defined pension plans', it spelled the "beginning of the end" to Americans not feeling 'stressed' about money!

@hectoralejandro9883 2 года назад

“I’m so stressed about money” *spends $27 on doordash*

@chocovanille5809 2 года назад

Or 999 on the latest iphone

@ericmaxwell4161 2 года назад

Nice to see real human issues on main stream media.

@breadfan9 2 года назад

You can tell Sabrina definitely cut back on spending....particularly in the food department

@freeguy3751 2 года назад

She probably still alcoholic though lol

@Brad14397 Год назад

Rude

@ImVeryBrad Год назад

@@Brad14397 that's not rude

@codgamer 2 года назад

It is about time Personal Financial Management to be included high school education.

@Emperor-Wild-Man Год назад

I am never stressed "about" money. It is the "lack of" money that I am stressed.

@jonsmith7659 2 года назад

So glad there are regular life coaches and money life coaches. I’m getting tired of not knowing which conman to give my money to. I need a coach for everything, apparently. And yo get more money, first I need a couple coaches to give it to.

@HipH0pHippy 2 года назад

RV/Van Life is about to explode! The camping section at Walmart will be the next to see empty shelves.

@ayasensei5709 Год назад

In 50’s, one adult worked and that was sufficient to support 1 household. Now, I feel like 3-4 adults need to work to support 1 household.

@ese3go 2 года назад

when I see something I want to buy, I tell myself no after asking if I really need it. After living in poverty on miserable minimum wage jobs for several years as a young person I was traumatized. I will pick up pennies on the sidewalk. After all, it's free money.

@coyote_0056 2 года назад

I dropped those B

@janiekcarney5482 Год назад

Americans spend every dollar. Never put a little money aside for an emergency. That’s why they are stressed.

@kikidee9623 2 года назад

The American financial crisis is not an individual spending problem. No amount of smart saving or responsibility will fix billionaire tax loopholes or bought and paid for legislators.

@yokuzo11 2 года назад

Real talk; I came up with with a very bold plan during plan during the pandemic to increase my money and the end result was ok but not everything I expected; I'll give you a summary: -My old state, Arkansas, has a very bad economy -I saved and used pandemic unemployment money to move to a new state to get better income -Moved to Phoenix, Arizona and immediately started making triple the amount of rent of a nice apartment in Little Rock, Arkansas -Unfortunately discovered my new "high" income only barely covers rent here in Phoenix So like you said, the economy isn't gonna be fixed simply by us common people coming up with new money management ideas and saving money

@hippocleides7105 2 года назад

@@yokuzo11 The answer, though politicians don't have the balls to implement it, is to severely restrict foreign home ownership, and place excise taxes on any entity that owns more than like, 10 homes. Corporate landlords are the surest way to create a revolution in the United States that has ever existed. If people aren't allowed to purchase property themselves, they will think that nothing to lose with a radical leadership change.

@shakenbacon-vm4eu 2 года назад

Actually, it’s quite easy. Cut out frivolous spending like Netflix, daily Starbucks, and your gym membership and poof! Magically millions of dollars appears in your bank account.

@kevinstfort 2 года назад

@@hippocleides7105 problem is 1) they may not even do that and 2) this should have been done prior to. We need to stop being reactive and become proactive.

@yokuzo11 2 года назад

@@hippocleides7105 Well yea, that should be common activity to limit home ownership and put extra taxes on people and companies who own so many homes; But the United States politicians are gonna say that if they do that, then the United States is moving towards the direction of communism or socialism; This is why the world should ban the concepts of capitalism, communism, and socialism because all three words are just a form of brainwashing used to make it seem like nothing can be done to improve an economy

@mm345-0 2 года назад

ROFL - if you're stressed about money, face your debts, take responsibility, and get a money coach (for what, free?)

@ProTouringSS 2 года назад

Easy for a white man to say, you can go into any bank and get a loan. You can smile anywhere and get a job. Your ancestors put us in the situation you colonizer. It's always the Anglos stating that it's all about responsibility, no its not. If you're put in a place where you can never escape you never will. I doubt you grew up poor, unable to buy food and clothes. Save your BS, people like you are the problem. People like you need to be taxed to death.

@onfeetnation 2 года назад

I wish I could shake your hand. People just whining and refusing to admit that their financial stress is their own fault

@littleearthquakes3183 Год назад

This video reminds me to be grateful for where I am. Inflation hasn't affected me that much since I am now debt free and own my home, but many years ago I was paycheck to paycheck with no emergency fund. I couldn't afford internet and I never ate at restaurants or went out. I worked overtime as much as I could and took in roomates to help pay the mortgage. It was incredibly stressful and it taught me that I would rather deal with the horrible stress of more responsibility at work than the stress of no money. It propelled me into applying for a promotion and helped me make more money. Money will absolutely make you happier if it takes you out of that stress.

@nicholasmorello6370 Год назад

Your not stressed about loosing all your home equity? I would be.

@littleearthquakes3183 Год назад

I have no plans on moving anytime soon. I also have an emergency fund and I know how to live cheaply. This economic downturn will pass. Having everything paid off eliminates risk and gives flexibility.

@Iknowyoumadnow Год назад

thing is....I can't tell if this is another bot comment or not, are you a damn bot 🥴

@littleearthquakes3183 Год назад

@@Iknowyoumadnow not a bot

@angelachanelhuang1651 Год назад

helping your own family pay the bills. that's good family

@theantmattia 2 года назад

As one great man said "the rent is to dam high"

@NicholasLittlejohn 2 года назад

Damn.

@jane3856 2 года назад

Schmoyoho 😆

@javaman2883 2 года назад

Rent just went up to 2030 a month now. Back in 2016 it was only 1285. Over the past six years, my rent went up by 60%, while my pay increased by only 18%. If I hadn't lost my house in the 2007 financial bubble, I'd be better off now, keeping housing cost consistent would help people a lot.

@MoonLiteNite 2 года назад

rent high cause taxes high. My poor tenants just had their rent get jacked up by 33%, only because my taxes went from 4k to 7k in a single year. Makes stupid laws, get stupid results.

@theantmattia 2 года назад

@@MoonLiteNite I belive property taxes are made and collected by local jurisdictions.

@joebloggs830 2 года назад

Ever since I was in my 20's, I knew the Corporate career was not for me, so I did my sums, and realised that $1 put into retirement savings is ~$8 when retiring (based on average growth), so I started putting my own (after tax) money in, and now have as much as my Mother had (pre-retirement) and sister (who works fulltime). They objected to why I, with my chequered employment history and spending a bit on hobbies, have as much as they do: 1) Choose a Growth investment option early, and taper it back to balanced as you near retirement 2) Do you need insurances that usually come along with retirement savings accounts (such a Permanent Disability or Death etc, - do you have a beneficiary, or if you don't, why have Death insurance? 3) Put your own money in, after being paid and paying tax on it, it is likely that you can withdraw it later with little or no tax, because you paid some or all of the tax on it during the deposit.

@angelachanelhuang1651 Год назад

ask family for help

@joebloggs830 Год назад

@@angelachanelhuang1651 Women would always turn to family as their first port of call, especially men that are in their family unit, but I don't because I'm a guy and I can work it out, which I have

@Daphattack Год назад

Healthcare is a huge issue its just ridiculous. You pay a fortune in insurance, your company pays another fortune in insurance and finally you still have to pay another fortune if something goes wrong. Like WTH. Insurance companies and Hospitals are a real problem in America.

@ErikAndersonNorthStar 2 года назад

1. Insufficient Savings 2. Unable to afford everyday expenses 3. Being in Debt 1 and 3 are a direct cause of 2, and 1 and 3 are a direct result of behavioral patterns stimulated by government economic policy. When you continuously print money, you reduce the value of savings, therefore people do no want to save because their money is worth less over time that it's not working for them. When you keep interest rates artificially lower than the market rate discovery, as has been the case since at least 2009, you incentivize people to spend those savings instead of building them because the interest rate is not keeping up with or beating the inflation rate, which drives problems 1 and 2. When this economic situation is happening, it encourages people to try to invest their money to simply keep up, which results in further economic hardship when the government policies that are causing these issues cause a market bubble which bursts. All of this is the direct result of the government interfering in the markets, which results in a boom-bust cycle roughly every decade. With the current bubble, 2009 was never resolved and merely papered over by more money printing in the bailouts, meaning the next crash, which looks to be coming soon, will be far worse than before. End the Fed. Arrest the bankers.

@porcorosso4330 2 года назад

It is more complicated then that. That said, the interest rates have the least impact when compared to many other factors. The fed is really not the problem. The main driver is really wage stagnation which comes with globalization of the work force. Workers in the US are actually in direct competition with the work force all over the world with varying living standards and workers protection. In order to stay competitive both workers and also companies really need to minimize cost in every way. This includes the wages of the workers which I consider the single most the significant factor on why Americans are strap with cash.

@ErikAndersonNorthStar 2 года назад

@@porcorosso4330 Wage stagnation would be far less of an issue if the Fed were not driving inflation through money creation though. The federal government also plays a major role in this, since it was the move to entirely fiat currency that has been the prime factor in why inflation has exploded since 1971. If your money becomes worth less each year, wage stagnation becomes a problem because you're essentially taking a pay cut each year you don't get a raise, or get a raise that doesn't beat the true inflation rate (not the cooked official rate the government publishes). With a hard-backed currency or a currency that has a finite supply, there are deflationary forces acting on the money through scarcity, meaning that money will increase in value the longer it's held. In such a situation, wages don't constantly need to increase, since the money itself already increases in value. There will be fluctuations, of course, due to fluctuations in the value of whatever the currency is pegged to, but this is far preferable, and much more recession resistant than a currency whose sole value comes from trust in the credit of the issuing institution, as is the case with the current USD.

@porcorosso4330 2 года назад

@@ErikAndersonNorthStar You need to retake you macro economics class. Slight inflation is nessesary to avoid deflation. The reason being there are many many tools to fight inflation, but there are close to no tools to fight deflation. Deflation is considered uncontrollable in economics. That is why we avoid it as much as we can. That is the reason for the small inflation the feds aim for. Staying on hard currency is also not sustainable. The size of our economy will be limited by the global precious metal supply. This means the speed of our growth is determined by how fast we/the world can mine. This also means we stop growing when all the minds run dry. If our mines run dry and we rely on foreign mines then the growth of our economy completely dependent on foreign supply. This is simply not going to work and amlot more dangerous for our economy.

@skyak4493 2 года назад

@@ErikAndersonNorthStar Wage stagnation is primarily due to globalization for the past 4 decades, and lowered domestic productivity. Relative to global man-hour output (for the products you buy), US wages are incredibly high! Corporate management wages are even worse!

@debbieframpton3857 2 года назад

I'm glad I don't have to worry about 1, 2 or 3

@SkywalkerPaul 2 года назад

An American friend of mine came to live here in Germany and he said here he felt safe because a certain money anxiety isn't here as it is in the USA..

@sammysolis8495 2 года назад

That’s because Germany is in need to people to live there . They pay people to have children for crying out loud

@SkywalkerPaul 2 года назад

@@sammysolis8495 you get tax cuts the more children you have. If you have more than 5 children you don't pay any taxes.

@whohan779 2 года назад

Being rich in the US might be better than almost anywhere else (taxes are low and politics rather 'lobbyable'), but being poor is way worse than almost anywhere in the EU (maybe even much of Bulgaria).

@esonon5210 2 года назад

@@whohan779 Funny how to fail to include the rest of the world. What about Africa, Asia, and South America?

@whohan779 2 года назад

@@esonon5210 I've merely stated the EU because I don't wanna appropriate regions I haven't lived in before. Also, living in 'Africa' usually is worse than living in the US per default, South America is a very mixed bag and even you forgot to include Oceania (mostly Australia and New Zealand) where I think apart from the isolation from the rest of the world (which can be beneficial for pandemics) life is usually better than in the US overall… at least for the poor. But then again even being poor in India might be a step-up from the US depending on specific situation.