Why Do Americans Feel POOR - When the Country is RICH? 

Same reason why the average British person has felt poor for centuries; the wealth is held by those in the capital. If they moved country we would plummet down the list.

US real wages have grown 10% from the 1970s. French real wages have grown 130%. If you leave out the top 10% and then look at GDP per capita, the numbers are shocking. Inequality and monopolistic corporations are killing the United States.

Nailed it - excellent. I’m sick of the BBC endlessly bleating on about the UK’s ‘cost of living crisis’ as if we are unique in experiencing high food, housing and service prices. My perception is that food prices are far higher in the US - and in France for that matter. Equally, ‘crisis’ implies a short-term passing event - it isn’t - this is the new reality.

This video is much more dynamic than others you've done in the past. The content is great and your efforts to improve the imagery are noticed. Well done mate!

We print so much money, destroy our value of the dollar, artificially inflate our assets; now a majority of the country can’t even afford basic housing.. My grandma was a janitor and bought a 3 bed 2 bath house, now the only people who can afford basic necessities are people with STEM degrees & union trade careers. The average house 2 years ago was 200K now it’s 450K & average salary is 53K.. this very bad & not sustainable…

Really informative, thank you.

Brilliant video as always

I don't feel poor. I live comfortably within my means. I own a house that I can easily afford, drive moderately priced cars even though my bank was willing to loan me much more money. Pay for good health insurance a save as much as I can. I think that too many American, and probably Brits too live too close to the edge of what they can afford. Obviously it all begins with a stable job and income. In my case back in 2005 when I purchased my current house, I wanted the larger house with the creek running through my property. Could have afforded it but still went with one that I could more easily pay for. Good thing too, because remember just a few years later we had the 2008 financial crash and my company (Boeing) really suffered. Even today, I can afford a Lexus but drive a Toyota. This allowed me to pay for some of my sons college expenses. He graduated in June. ♥

A lot of the perception delta is that people probably don’t understand that housing is excluded from inflation calculations. The fact is if your arm is hurting from reaching for your wallet, you’ll be blaming “inflation” and feeling poorer regardless.

When purchasing power declines during an asset inflation.

I hope you had a copy of Supertramp - Breakfast In America with you Tejvan 🎹🎷🎧 I've noticed food prices are starting to level a bit. Just some of the brand leaders ripping folk off. I've got used to higher food prices now. To be fair I have thought for a long while that some food products must be subsidised elsewhere to make them viable. For example tinned rice pudding at 20p. Makes a very cheap pudding or even breakfast! Milk needed to go up. So undervalued. Why folk expect milk for less than fizzy pop is beyond me.

But if you divided all this richness by 50 (the number of states) it wouldn’t be that impressive I think.

Inequality is what drives down life expectancy. Especially in us. People cant afford treatment. And they dnt want to go in debt. So they risk to get worse.

I expect Americans feel under financial stress because of rising taxes which you didn't mention. They are fleeing Democratically run places like New Your and California in their droves because of high taxes.

America is not what it used to be. I earned more 10 years ago. Is Britain like this?

Because we see our gross compared to net on our paystub

They don’t feel poor they are poor stop gaslighting us

Answering your title question, because they have been tricked into a trillion dollars of credit card debt. Simple.

America is the wealthiest country in the world for a reason. Minimum government rubbish. Largely privately driven. High levels of meritocracy. Although government is trying its best to muck this up. 🙄

The 61 percent is halfway due to credit cards I'll bet.

Average isn't the mode. Inflation hasn't fallen, the increase has slowed. EatTheRich GeneralStrike2023 TakeBackLabour KeirStarmerOut SaveOurNHS GeneralStrike2023 VoteGreenSaveBritainAndTheWorkersParty IsYourFlightReallyNeccesary BanPrivateAviation StopClimateArmageddon

You will get more views Having your face showing less on the videos. I find it hard to watch