I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

@Amelia-Elizabeth

5 ай бұрын

@@rachealhubert74 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@MaryOlson7

5 ай бұрын

@@rachealhubert74 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

@Amelia-Elizabeth

5 ай бұрын

@@rachealhubert74 I will give this a look, thanks a bunch for sharing.

@Patricia-Margaret

5 ай бұрын

@@Amelia-Elizabeth Alice Marie Coraggio her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy

@davidwilks4123

2 ай бұрын

What are you talking about? We have the lowest unemployment in 50+ years, highest average income. things are great, did you even watch Biden's SOTU? You're a boomer that has lived through the easiest path to wealth ever. You have nobody to blame but yourself. I wish I could have bought at the prices you people were able to get.

A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

@hermanramos7092

10 ай бұрын

These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones.

@martingiavarini

10 ай бұрын

Investing in stocks can be a wise decision, especially if you have a dependable trading system that can lead to successful outcomes. Personally, I've been working with a financial advisor for about a year now. Starting with less than $200K and I'm now just $19,000 away from making half a million in profit.

@bob.weaver72

10 ай бұрын

@@martingiavarini I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same. Is there any chance you could recommend who you work with?

@martingiavarini

10 ай бұрын

my advisor is ‘’Catherine Morrison Evans ’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@bob.weaver72

10 ай бұрын

@@martingiavarini I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks

I left the USA to come back to my own country. You can lose everything in the USA if you become ill, I’m so grateful to live in a country where we have healthcare without needing insurance

@terryvlunsford1610

Жыл бұрын

My sister lives in the USA and didn't have healthcare but she was never turned away at any medical facility. Often times those facilities had to seek reimbursement through private donations and charities set up by donors to those medical centers.

@DaveBoswell-lz3kc

9 ай бұрын

It's good you see things in this country for how it is. Too many anti-woke poisoned by the there's still an American dream myth in these threads.

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

@bob.weaver72

Жыл бұрын

My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.

@kenanporubsky2122

Жыл бұрын

It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance

@hermanramos7092

Жыл бұрын

Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns

@bob.weaver72

Жыл бұрын

@@hermanramos7092 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

@hermanramos7092

Жыл бұрын

@@bob.weaver72 My consultant is ‘’Catherine Morrison Evans’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.

Three vacations over 50 years, buy clothes at Goodwill and consignment shops, buy furniture there as well. Buy small compact cars and keep good maintenance on them. Cook, you learned when you were 12 and in charge of the house, helping with younger sister, doing the cleaning, and responsible for chickens and some gardening. Don't buy stuff Use the library. Do not buy junk food or pop (soda). Keep doctor and dentist visits to minimum. That's how I spent my working years and youth. Running my parent's household and my own. I am retired after working for 52 years. Only required an antibiotic every 20 years. I am healthy and eat good foods. I am happy and love God. He is coming soon. I have no regrets.

Don’t use your retirement to put your kids through college!!!! Are you nuts. They have time to pay it off. You don’t have time to save for retirement

@Dre2011

3 жыл бұрын

I was thinking the exact same thing. Who thought that was a good idea

@jennahenry4426

3 жыл бұрын

Exactly!! We told our kids that if they were not going to be Doctors, or lawyers, go to trade school. We're not paying for college. My husband and myself both went to college on scholarships and grants. Our parents did not pay for us to go. We both graduated with under $7,000 in debt for both of us and we paid them off.

@lalakuma9

3 жыл бұрын

Actually, maybe tell your kids to go to college in Germany instead. Because college is free there, even for international students.

@masakracja445

3 жыл бұрын

Jane you are crazy. STOP going to colleges. Companies would be forced to hire people without education or Universities would be forced to reduce costs. They're both owned by the elites and elites need more slave workers, or they'll fall. So stop participating in their vicious cycles. Don't take any debts! EVER!

@susank.4945

3 жыл бұрын

IKR?! I went to COMMUNITY COLLEGE with my dad's help back in 2002...he used a bucket of CHANGE to pay for my books... then I went back on my own dime in 2012. I owe $11K but I've paid down a lot. What is with people?!

My parents didn't pay anything for my college education. They didn't have anything to give me. But, I figured it out. The journey started by attending the local 2-year school with no debt or expenses. Several of my mom's friends remarked to her that it wasn't a good choice. I never felt that way about my community college experience. I now hold a doctorate degree, and I think I came out OK. Praise God!

@shyrelrandle6283

Жыл бұрын

You did the right thing and the friends need to mind their business

@alipainting

Жыл бұрын

How did you afford post graduate college? I could only afford one semester of grad school. It was $7,000.

@SanJoseCA-ot3qy

Жыл бұрын

I did not pay for my son college education. He borrowed the student loan and study 4 years degrees. He graduated on 2021. And he worked after he graduated 3 months. Everybody can do like my son. I am single mom and raised my 2 children since their father passed away on 2002 and I earned a minimum wage. My son was 3 1/2 years old and my daughter was 6 months the day my husband passed away. I could buy a small condo for 3 people to live. I don't know why the middle class cannot afford at this time.

@mmp495

Жыл бұрын

You made sacrifices and prioritized earning your degree besides taking out expensive student loans. It's a dying art these days.

@randymillhouse791

Жыл бұрын

Good move. Community College is a great way to earn credits at a modest sum. As long as your 4-year degree is not from the University of Phoenix or some non-accredited online diploma mill, no one will care where you obtained that degree.

This need to be shown on every news outlet in the US. Thank you for exposing & documenting this situation.

@bjoe631

Жыл бұрын

Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest.

@Florencecoxx

Жыл бұрын

@@bjoe631 I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.

@bjoe631

Жыл бұрын

@@Florencecoxx That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my coach, you may have come across him on interviews relating to bitcoin and stocks. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.

@Florencecoxx

Жыл бұрын

@@bjoe631 You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe?

@thamad311

Жыл бұрын

@Queen OF Love This is the Fourth time I'm seeing someone talking about Mr Gary as there are lot of testimonies about him, do you know him ? if yes , did you invest with him.?

I think, the one sentence at 8:00 "You can feel richer, if you want less" is a great advice for all. That will make life happier.

@unclekarel1280

2 жыл бұрын

That is very true indeed. I have been doing it for 25 years since my beginning of my adulthood. Girls and friends were lauging at me lot of times, they are not laughing me at all now, though I could lough at them.

@user-ti3vp9mt3z

2 жыл бұрын

Yeah, and be content eating beans

@HuwJones

2 жыл бұрын

@@user-ti3vp9mt3z Nothing wrong with beans. then when you eat out or eat something different it's a treat.

@potterylady44

2 жыл бұрын

@@user-ti3vp9mt3z love beans! I am vegetarian😋.

@poloboyl89

Жыл бұрын

You can feel smart if you stop reading. You can not be hungry if you go to sleep. You can get strong by just lifting weights alone. As long as they have jails you’ll always have a place to sleep. These are examples of how this logic looks in my eyes. Flippant, Cold, and disconnected.

My dad told me once, take care of your health, don’t get in debt, and make sure you have saving.

@1m2rich

2 жыл бұрын

Wise man your father.

@bdflatlander

2 жыл бұрын

Good advice

@zztop8592

2 жыл бұрын

Wise choices, one thing money can't buy is HEALTH!

@bdflatlander

2 жыл бұрын

@@zztop8592 : health is the new wealth

@debbieframpton3857

2 жыл бұрын

Your dad was a smart man that's how I have lived no debt mortgage paid for savings a small 401k and Roth IRA I can live off my social security check and still put money into savings every month

One strategy I have used to save some money is to ignore fashion trends. I wear solid color tops with black pants or jeans, and a patterned scarf. I hate hate hate shopping, so this has helped avoid going into clothing stores and spending money. Good luck to us all.

@jaddek.astrie3071

8 ай бұрын

I buy second hand clothes and it’s good that way.

@rustykatt3870

7 ай бұрын

@@jaddek.astrie3071 Great strategy! 👍

@rustykatt3870

2 ай бұрын

@@jaddek.astrie3071 - Yes, great strategy!

@rustykatt3870

Ай бұрын

@@jaddek.astrie3071 Absolutely....agreed. Great strategy!

Do not buy anything extravagant like a 4 bedroom house if you don't need it. Many things seem to be in excess in America. Live simply and enjoy a happier life!

@mathisnotforthefaintofheart

2 жыл бұрын

Well said!

@meregaming1770

2 жыл бұрын

As if that makes a difference.

@mathisnotforthefaintofheart

2 жыл бұрын

@@meregaming1770 It may not make a difference to you, it makes a big difference to the average American.

@premiumdomainnames

2 жыл бұрын

4 Bedroom House is Usually Not extravagant. 1 more bedroom than the average ? Maybe should have specified more on what type of house ?

@forprivpass

2 жыл бұрын

@@premiumdomainnames I am basically saying "more than what you need". Simple lifestyle and appreciating the little things in life.

I always think of what George Carlin said.. "the problem with the American dream.. is you gotta be asleep to believe it." Truer words never said.

@eduardochavacano

2 жыл бұрын

For a long time, people are just happy the 3rd world exist.

@paulgleason7191

2 жыл бұрын

Carlin predicted a lot of this. If you watch what he said 20 years ago it’s amazing how right he was.

@TheFK8Life

2 жыл бұрын

lmfao Meanwhile my family came from Mexico with nothing - grandparents left my father/family with a paid off 800k home Oldest uncle is a PhD in education makes 6 figures I make 6 figures without a degree even tho I have multiple certifications I dont use any of them in my blue collar position My blue collar friends are making 200k+ much of it in cash as welders/pipe fitters/plumbers My grandfather didnt speak english, couldnt read, welded propane tanks for 25 years and raised 5 kids on one income. All my male friends in the trades are business owners now and making 200k+ and have endless business begging them to fix things. Emergency jobs pay even more and many in cash to save money. There are hundreds of thousands of open positions for welders, plumbers, pipe fitters .....the issue is these men are soft and dont want to sweat and work outside in the elements. They will work in cubicle cages for 30 to 50k, get fat and complain about how they dont make enough. Learning to become a plumper is FREE and they PAY you while you are learning College is a joke - the majority of college "graduates" make 75k or less while blue collar tradesman are making 150k+ Leftists told kids you would a loser if you didnt go to college.....meanwhile these kids have mountains of debt and make 30 to 40k working at starbucks with a PhD in gender studies. STEM fields pay well - blue collar trades pay well - oil roughnecks are making 200k+ in the fields As a man there are so many opportunities in America that pay extremely well.....the dream doesnt fall in your lap - you have to WORK for it. You can wash dishes for $10 an hour or weld industrial oil pipes and get paid $100+ an hour.....life is a choice....its not easy. but nothing worth it ever is

@Clintsessentials

2 жыл бұрын

Truth!!!

@ed5308

2 жыл бұрын

One thing Carlin said " Government does not care about you". So true

The middle class are poor people who happen to have an education, skills and a credit rating, who unfortunately have to work all day to pay off the debt they owe, most likely never to retire. God Bless America 😂

@waterdrinkingexpert6797

2 жыл бұрын

The average disposable income in the US is the highest of any country on earth. I think a lot of the financial problems the American middle class faces comes down to poor spending habits and mismatched priorities.

@anthonywalker6168

2 жыл бұрын

@@waterdrinkingexpert6797 True, indeed. No other country in the world consumes like the USA. The global problem is that the ownership class is getting supremely wealthy while the working class suffers under their own forced consumption. I suppose, buy less and invest more is a good strategy.

@thomassch4375

2 жыл бұрын

You have a greedy government, you never end to work to pay. The government also make troubles to your life.

@nadiamcdougall8603

2 жыл бұрын

120k per year and not able to pay their bills? Wow

@ifuknjk

2 жыл бұрын

thousands wait to come to america to b better n richer...why ?.. with usa middle class declining.. it's no wonder many want to be migrants especially mexicans...becoming rich n middle class... with a beat up truck n leaf blower they become landscape contractor n soon own their own home n b middle class...lol

I come from a middle class family. I was taught from a young age how to save and how important an education is. I live well below my means and save my money. I squirrel it all away and hope to retire by the age of 57. I have no children, no debt and no car payment. I'm tackling my mortgage every month like there's no tomorrow to pay this sucker off by the time I retire. I sometimes buy things I shouldn't but I still get by just fine. I won't dare touch my 401k until I'm older and I really need it. My parents never gave me a penny and I'm fiercely independent. I see all the trouble around me and thank God for seeing me through in this life.

@zenmama2885

2 жыл бұрын

Emphasis on the no children…

@1m2rich

2 жыл бұрын

Better to have a ROTH than a 401K.

@lareinaperuana2735

2 жыл бұрын

@@zenmama2885 I was going to say the same thing. The woman is so focused on herself. No legacy.

@maryfrancesbeckerhaggerty5353

2 жыл бұрын

Doesn't sound like much of a life.

@cherylT321

Жыл бұрын

@@maryfrancesbeckerhaggerty5353 It does to me!

“If the American people allow private banks to control the issue of money, first by inflation, and then by deflation, the banks and corporations that grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” - Thomas Jefferson.

@virgilhilts3924

Жыл бұрын

Your quote is entirely BS

@virgilhilts3924

Жыл бұрын

@Tom Smith Jefferson never said that ya doofus But please feel free to keep on being a muppet

@ronaldreagan-ik6hz

Жыл бұрын

Nope. Democrats and irresponsible borrowers are to blame.

The lady stating that lower classes get more support from government is not correct. Unfortunately there is more welfare for corporations and billionaires than the middle and lower classes put together.

@MayorSom

3 жыл бұрын

No debunking will ever stick as regan administration spend public money to propagate the "Welfare Queen" narrative

@kieranrollinson8750

3 жыл бұрын

Wrong. Those in poverty get more support. The actual defintion of "welfare" makes it impossible for corporations to get support for it. It is basic linguistic terminology. Learn it. Since you are quite possibly, if not probably referring specifically to "tax deductions" for corporations. Then there is onyl one (1) thing to say to that. You are an idiot that does NOT know how taxes or businesses, or even how economics work. :D :D

@SnowyCountryChicken

2 жыл бұрын

Tami L Howard is correct. As I climbed up through the classes over life, I’ve gotten more free stuff tossed my way. Free food at receptions at my employers, for example. Pre-pandemic, I could have spent the whole year not spending any money on food. As a person becomes higher on the middle class rung, there are more resources available to them. I was able to get tuition remission, get three college degrees. When I worked in mutual funds over two decades ago, I saw the expenses that the board of directors incurred each time they met. Several thousand dollars just for one breakfast. When split by the number of mutual funds, the expense didn’t seem that big, but I figure the breakfast must have been for the whole company. Yes, there is more welfare for corporations and billionaires than for poor people. Look at the royal families around the world. Those people are some of the largest welfare recipients around. They dress up in fancy clothing, eat expensive food, smile, wave, and get free housing and money. One economics professor I had said welfare for the poor people in America is a drop in the bucket of all the welfare that is available. To get out of poverty or middle class, one has to set outside money to buy assets that will appreciate and is easily redeemed - i.e. stocks, mutual funds. Honestly, a 401(k) or 403(b) or an IRA is the easiest way to accrue money in America. I put away modest percentages from the time I was 25 years old, more than 25 years ago. I was tempted at time to use my retirement savings to pay off credit card debt, but kept the savings growing. What is essential was for me to call the credit companies to do balance transfers at zero percent until I got the debt paid off. Never owned a house or a car, but my net worth puts me in the top 8% of Americans. If I had to do everything over again, I would buy less stuff and invest even more. I would do more travel.

@user-ti3vp9mt3z

2 жыл бұрын

Bingo!!

@razojacqueline

2 жыл бұрын

@@SnowyCountryChicken what is the net worth of the top 8% of Americans? I know the top 10% world wide is 100,000.

All the boomers in my family are middle class. All own houses, multiple cars, in retirement. All the Gen X/Millineals including myself are considered to be in poverty. One day at a family gathering an older family member started ranting about how our generation in the family isn’t doing ok and is lazy and my oldest cousin shut the whole thing down by reminding them that well have bachelors degrees and they don’t, and we still can only get entry level jobs YEARS after graduation. Millineals are not lazy. A bachelor ms degree might as well be a HS diploma……and my grandpa supported a family of 5 with that…..the system sucks…..

@stargazing123bw9

2 жыл бұрын

Well A bachelors in basket weaving and gender studies for 150K in student loan debt and your complaining. Find a trade. If you can build something of value then you are never going to be poor. College debt should not be subsidized by the government and the government should not be in the student loan business anyway and now these people want to be forgiven the thousands of debt for their poor choices.

@ashleighberryman9280

2 жыл бұрын

@@stargazing123bw9 why is it that people feel like insulting another person is the right way to inspire? Basket weaving and gender studies, dafuq?

@KnowledgeSeeker78491

2 жыл бұрын

@@ashleighberryman9280 Folks online listen to a ton of Dave Ramsey and under water basket weaving is one of his go to insults even though he learned the real estate business from his dad and was able to file bankruptcy to get his fresh start to riches

@jbeyers84

2 жыл бұрын

I make almost 100k and barely graduated High School.

@juliantheapostate8295

2 жыл бұрын

@@ashleighberryman9280 It's just a meme. The serious point is people are spending too much money studying 'majors' that will never repay the debt

Ive known the American dream was a lie since the 1970's. I watched my home town of Dayton,Ohio get wiped out when its manufacturing jobs went overseas. Even now in retirement I live in the Philippines where can live like a human being.

@randymillhouse791

Жыл бұрын

You did the right thing. The new American dream is expatriation. Next stop for me; Colombia. Looking forward to never voting in the USA again and not really caring what happens here ever again. I'm done with the USA. Just like my ancestors were done with Norway in 1905 when they emigrated to the USA for a better life, I will emigrate OUT for a better life.

Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?

@hermanramos7092

11 ай бұрын

I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.

@lipglosskitten2610

11 ай бұрын

that's quite impressive, you surely made a good bit of money. I myself invested in warren's BRK-A stock quite pricey but totally worth it.

@kenanporubsky2122

11 ай бұрын

@@lipglosskitten2610 I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with ?

@lipglosskitten2610

11 ай бұрын

@@kenanporubsky2122 'Catherine Morrison Evans’is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.

@kenanporubsky2122

11 ай бұрын

@@lipglosskitten2610 thanks for sharing this, I am in conversations with your advisor, and she really has substance, having interviewed her properly and reviewed her model, I am hoping she takes me on quite seriously too

I just finished paying off my car. Sometimes I see people driving nice BMW’s and Mercedes, and am tempted. But remind myself to stay reserved, and save money. I know what’s like to be in debt. Poverty is one thing, but debt, it’s something else. You can’t sleep in peace knowing you owe someone money.

@angelachanelhuang1651

2 жыл бұрын

Captain morgan here! Bartend

@erickfuentes7276

2 жыл бұрын

Am in the same boat as you my brother I finish paying my car 6 month ago on a car that I thought I made a lifetime contract with the dealership because I never saw the debt coming down😝😝😝😝😝😝 and like you said yesterday I saw a challenger that I was tempted to go check but then I remembered how good it is to sleep in peace every night

@happycook6737

2 жыл бұрын

You are a very smart person. Putting money in depreciating assets is never a good idea.

@rolandmerovee8741

2 жыл бұрын

Camping-car .You Can go on holidays with all thé family . A young person who has not enough Money ,if de got a camping-car ,such economy . But before having tour driving licence.

@oneeleven9832

2 жыл бұрын

Debt is modern day slavery…

You can’t make ends meet with with $120k? I can understand 30-50k but 120 you need a new financial plan and budget. You can build off grid cabin for $20k. People don’t want to make sacrifices just complain.

@fartmasterson7311

3 жыл бұрын

That's exactly my first thought!

@jaxxiet5851

3 жыл бұрын

If they make 120 before taxes after taxes that’s not a lot and depending on where they live, it may not cover much, just saying. You don’t know the entire story.

@jianquanma

3 жыл бұрын

@@jaxxiet5851 exactly what i thought, they could be paying mortgage for their house, since there were having their first child few years ago, which is around the time people bought their first house.

@jumperstartful

3 жыл бұрын

I retired on $26,000. But, I'm single and no debt.

@caleb2242

3 жыл бұрын

@@jumperstartful that’s awesome. What’s your food budget?

Worked 40 plus years, always saved and lived with in my budget, 65 today and living well in retirement.

@oleskool4908

Жыл бұрын

What do you consider well

@robertcampbell9992

Жыл бұрын

Travel, and good health🍺🍺

@stuffingames5911

Жыл бұрын

Times were different then. Most people can barely save a little. Especially families

@randymillhouse791

Жыл бұрын

@@stuffingames5911 I never had kids. It is the best thing I have never done!

@shedrickwallace9363

Жыл бұрын

Your house cost you $40,000

The reason a lot of people struggle is because they never save anything and live far beyond their means. This family is making 100k a year and can't even afford to live comfortably? That's on them.

@MM-ty6cu

2 жыл бұрын

So true

@christins.1481

2 жыл бұрын

Me and my husband together made less than half that. House is paid off and got it paid off early. Gave my husband 5 years to get other finances straightened, new washer/dryer as our 15-year-old ones are in the fritz, needed new mattresses that were 10-years-old, removing the carpet. Things like that, then in 5 years I'll be demoting myself to working only 40 hours just for health insurance, vehicle maintenance and the rainy day fund. Learned to bulk buy. Our phone Bill together is only $100. Get new smart phones whenever they stop working. I got a new tablet however, only cost us $100. Wanted a bigger screen for the treadmill.

@christins.1481

2 жыл бұрын

I'm going on vacation and everyone is asking me where I'm going. No where. Me and my husband have plans to bbq at home. Watch TV at home. Go to an aquarium only a two hour drive from us and just plan an event for that one day. I plan on staying home, going on dog walks all throughout the day and watching the grass grow on my vacation, but because I'm not spending a 💩 ton of 💰 on vacation we have money for other things we actually need. Like the new washer and dryer we have yet to get. Gotta get some other expenses out of the way first before getting them.

@alipainting

2 жыл бұрын

Yeah that's crazy. For years I've made around $12-14k a year in childcare. A good portion of my housemate income is tax free because of deductions, so I'm on target to pay off my $180k mortgage, while working part time in my 60s.

@WakefieldTolbert

Жыл бұрын

@@christins.1481 The "Staycation". Good idea. I see people who do tours of Europe every year and I'm like...."huh?"

This is sad but the mans narration is even sadder.

@jr1734

3 жыл бұрын

haha he's so monotone.

@1Andronicus1

3 жыл бұрын

sadly yes...

@indigenous31617

3 жыл бұрын

🤣🤣

@toujoubranche9261

3 жыл бұрын

😄😄😄

@zochbuppet448

2 жыл бұрын

Form a media background...so I'm usually extremely critical of stuff of KZread. Goo to know its not just me. Really interesting into, But he make me feel like running away and hiding my head in a sand dune so I cant hear him.

People have been brainwashed to believe they have to pay for their children's college. I told my kids they were responsible for it but I would guide them on how to do it debt free.

@zodiacdana

3 жыл бұрын

Almost every employer I've had pays for your college.

@six6goddess214

2 жыл бұрын

I hope my child does not go to college instead get into real estate

@davidschulman7988

2 жыл бұрын

The average parent pays $5k total towards their kid's college education. A drop in the bucket. One of my relatives paid the whole bill now their kids don't talk to them.

@TaraConti

Жыл бұрын

I wish I had someone there to explain to me what I was doing! 🤦🏻‍♀️😢 These studen loans have screwed me! I wanted to be a mechanic an I was talked out of it by the admissions officer because well I “wouldn’t want to ruin my pretty nails”, “ there’s gonna be a lot of math! Do you like math?”, “you do know you’re gonna be the only girl in the class”. I was an idiot!!! I was a 18 year-old high school dropout with a GED who felt that I had to go to college and do something! I was basically talked into taking television production. The problem was I wasn’t aware that when I took my loans out I took out the whole cost of the program which was about 20 grand. That’s just the way the school worked. I eventually went back down to the admissions officer and told him that “No I want to take Automotive!” I was then informed that I would have to take out another 20 something thousand dollars in loans on top of what I already had. So of course I didn’t do it. I ended up leaving school with 20 something thousand in debt which has now ballooned to almost 42k and no degree. (yes some of it was my fault I should’ve educated myself better before getting into it. But I honestly thought that’s what the admissions officer and the staff of the college was for!) The year after I left school they completely change the television production course and went digital so I learned old-school stuff that doesn’t apply now anyway. I don’t like being in front of the camera so I never did anything in television or radio. However I still Love and work on my cars/trucks to this day!

@TaraConti

Жыл бұрын

@@zodiacdana You live in the US!? 🤔 I’ve had jobs that would send you to continuing education courses but never one that would actually pay for you to go to school!

Wait, wait. “American middle class” make between 40k-120k”? 120k is NOT middle class, and if people are still poor making that amount of money then barring a huge emergency, something is wrong.

“The comfort of the rich depends upon an abundant supply of the poor.” - Voltaire

@eduardochavacano

2 жыл бұрын

Those middle classes of America were just happy they can have vacations in Mexico or Thailand or retire in Vietnam or Colombia and live like Kings.

@fusionreaper

2 жыл бұрын

The rich can't stay rich forever if the poor can't afford to buy anything

@andrewmorton395

Жыл бұрын

So very true

@raymonddon8875

Жыл бұрын

usa # 1

@odikaiopolis2832

Жыл бұрын

@@raymonddon8875 A new French revolution is imperative against the neufeudalism.

$120,000 a yr, even now, that's alot!!!! We're almost done paying for our house w/very little debt and our combine income is only $70,000 and we're not broke!!!

@howellwong11

3 жыл бұрын

I have been middle class all my life and never made more than 50 K in my life, but then, I'm 88 years old. I'm done paying for my house and have no debts. I make only 45K in retirement, but want for nothing.

@poet82n

3 жыл бұрын

@@howellwong11 Good to hear. This is so good to hear you're doing well as you've gotten older. I wish my mom would have planned ahead. She'll be 79 this year.

@esthers9140

3 жыл бұрын

I could live like a queen on $120,00 a year and my husband a king and I live in California. Granted our only debt is $100,00 mortgage because we are mostly debt free on an income that was never more $45,000 a year 38 years into our marriage and 2 grown children later.

@jesuslover5968

3 жыл бұрын

I thought that was crazy how the hell are they broke bringing in 120,000 a year

@Walawala459

3 жыл бұрын

It’s all about management. Not amount of income.

You can feel richer if you want less...I like that line.

@MaYeRsNoLife

3 жыл бұрын

😂

@jamespardue3055

3 жыл бұрын

Happiness is wanting what you have, not having what you want.

Problem is the definition of the middle class changed. In the 50s and 60s it was a 1,100 sq foot house with 1.2 cars. Today it is a 2,200 sq foot house with 2.5 cars.

Putting your kids through college using your savings is absolutely fine, but of course then the expectation is that your kids should take care of you for the rest of your life. This is common and understood in Asian and Arab cultures, as it is an expression of love and an honor to take care of your parents who took care of you. But I see in the comments that people don't understand those things

@yougotthis7723

2 жыл бұрын

Well that maybe cultural. But another expression of love from a parent is having enough money for retirement, and making sure your healthcare and funeral arrangements are taken care of. Why burden your child with the responsibility of taking care of you when your unable too? Bringing your parents into your home should be a honor, not a responsibility.

@marianhunt8899

2 жыл бұрын

Trouble is you need both parents working to pay for a modest home and the basics.

@flashoflight8160

2 жыл бұрын

This tradition is actually dead in many parts of Asia. It's already dead in China and South Korea. You'll find out that paying your parents back is impossible because they need a lot more than what they put in. It's a lot easier and cheaper to take care of a child than granny.

@ChinaConsultingTravelBlog

2 жыл бұрын

That's just a form of social security put on kids by lazy parents. Don't have kids if you can't afford them and save for your retirement. And your kids owe you absolutely nothing.

@___________2204

2 жыл бұрын

@@ChinaConsultingTravelBlog It's out of love more than anything else. I will never be able to treat my parents the way Western kids treat their parents.

That 1st couple from Boston making 120k but still struggling. They are living beyond their means. A couple making a combined total of 120K while living dead smack in the city of Boston with a kid is just NOT feesible. I'm from Massachusetts and everyone knows you either have to be extremely wealthy or extremely poor and living on government assistance in order to be able to live comfortably in the actual city of Boston. The rest of us live on the outskirts. I make 6 figures alone, no kids, own my own house and car, no debt, and I still wouldn't be able to afford to live in Boston. Some people just need to accept their reality for what it is and stop trying to live in a fantasy that you can't afford. There's no such thing as a middle class in America anymore.

@jalicea1650

2 жыл бұрын

I live in Massachusetts and our family makes over 100k and we live in the Western side of the state. Prices keep going up everywhere. Housing in New England is becoming unsustainable and that is in spite of the high income most get with generous benefits. Sadly, it's not just Boston, but from the Berkshires to Hamden to the cape. Everywhere has seen housing costing more and more.

@terryvlunsford1610

Жыл бұрын

True and sadly the rest of the country is getting like Boston. You either have to be very wealthy or poor enough to qualify for government assistance to make it. The real families feeling the pain are the ones who fall in between.

@randymillhouse791

Жыл бұрын

So true. I left Florida in 2022 and bought a house in Texas. Very affordable though it also will be become undoable in the future for newcomers. Still, my house at 350K would cost 750K in Florida. Before leaving Florida I Googled for houses in Ft. Lauderdale below 400K. One came up at 375K. It was an "as-is-sale." Needs new roof, new floors, new walls, work done on the dilapidated pool, yard needed overhaul in all landscaping. My home in Texas is a brand new building. Think about that. Crazy / insane ain't it?

@HomersIlliad

Жыл бұрын

@@randymillhouse791 Plus it gets to be washed away in 20-30 years.

@zmejce14

3 ай бұрын

And that's why the 1% are thriving...People like you who instead of saying why not but are saying why of course I will move out and allow you to profit....

The USA middle class has discovered the art of living beyond your means. We are in a culture of "I want it now".

@AJourneyOfYourSoul

2 жыл бұрын

Yup, that is the real problem.

@user-ti3vp9mt3z

2 жыл бұрын

No that's corporate propaganda. Watch the documentary! 🤨

@DrJohnnyJ

2 жыл бұрын

No, that was the 60's. Now, many teachers live in their cars. Don't blame the poor for lack of opportunity and crappy schools.

@dude5045

2 жыл бұрын

These people were middle class because of debt when in fact they are poor.

@wedp112

Жыл бұрын

Some times the means are beyond reach of the people, obviously not these people but poor people just basic shelter can be out of their means.

I saved and saved all my working life....I always lived under my income. I paid cash for older cars always had a good mechanic...I was faculty and an administrator and made an excellent salary but I took nothing for granted. I moved outside the US for retirement paid cash for my house my builder husband hired a local team and added on...our property tax is $100 a yr.electricity is $40 a mo no ac no heat needed a 10 yr old cellphone.

@awpetersen5909

Жыл бұрын

Where did you move?

@frankhynd885

Жыл бұрын

@@awpetersen5909 sounds like Sybil moved to Costa Rica per the very low property taxes and utilities she mentioned in her comment.

@randymillhouse791

Жыл бұрын

I am retiring in Colombia. USD to COP goes almost 3 times further. The American dream is expatriation in retirement now.

@latinaalma1947

Жыл бұрын

@@randymillhouse791 Ye Randy it really is I omce had c.ose Columbian friends they ñeft in the late 70s as they considered it unsafe re their children...but they returned when things got much better. And I know from them how lovely it is and have read it is now very safe...enjoy your life there!

I don't understand how ppl who make 100,000$ a year are considered "struggling middle class" 🤦

@benjiowen8433

2 жыл бұрын

California

@kumi9479

2 жыл бұрын

@@benjiowen8433 reasonable explanation

@tmusa2002

2 жыл бұрын

I think it’s because of the modern conveniences, new cars, credit card debt people are convinced by our culture that they need. They are also living in expensive cities. If people would leave these awful cities, things would correct themselves.

@forrestaustin7050

2 жыл бұрын

@@tmusa2002 thats part of it. Also depends where you live to make that $

@ilikecontent2327

2 жыл бұрын

It depends on where you live. And when you are middle income you qualify for no assistance of any kind. If rents double... Too bad. If your property tax doubles... too bad... If heating, electric, etc. College tuition, goes up too bad... They do not qualify for any assistance so a ny additional or extra funds they have must go to these costs. And scholarships are there, but they are difficult to get and only cover part of the cost. I am middle class. We live in a modest home. Have economic used vehicles. We don't go out much and rarely take vacation. Any extra income we have goes to paying off our home and setting extra aside for retirement. We also set aside money to pay for our son's college. I feel we are better off than most. Could we buy expensive crew cab trucks. Go on expensive annual vacations? Sure, but we are trying to be responsible with our money. So we live responsibly and shop for groceries at Wisconsin, Walmart. Etc. And I buy my clothes from Walmart and J.C. Penney's. We have friends who shop at Trader Joe's(fancy upscale market)and Nordstroms, Maceys type stores. But we are focused on not going into debt. 😊

Ever since banks introduced credit, and people stopped saving for things they wanted or needed, people work for the bank. The buy now pay later has made the bankers richer and the general population poorer. People never shopped other than buying what they genuinely needed. Holidays were spent at home.

@womenfrom0202

2 жыл бұрын

That is what bugles me as an European. Luckily in Europe we are into debet cards and only buy when I have the money. Except my house off course. Now I do not own a car and set aside the monthly car costs into a separate bank account. Makes me feel free and save and I can do whatever I want.

@V.E.R.O.

2 жыл бұрын

@@womenfrom0202 Credit cards offer more protection when buying something and you get cash back. The mistake people make is buying without having the money to pay the card in full at the end of the month and the high interests and late fees is what gets them in trouble. I use my credit card for everything except rent and pay in full when the bill is due. I'm not a high spender though and shop around for everything.

@4YHUH

2 жыл бұрын

That is spot on.

@caracrabtree715

2 жыл бұрын

You also used to get interest on savings, which today is below zero, homes also used to cost 3 years pay, pay hasn't moves in 40 years but costs of everything have gone away up

@truther001

2 жыл бұрын

That's only part of it. Offshoring of good jobs, end of employee pensions & benefits, illegal and legal immigrants working jobs for much less money and not paying taxes are causal factors as well. Wealthy Americans have so many tax write offs they don't pay their fair share either. Only the working classes who don't have many assets. If these people didn't have credit cards, some would not be able to afford food or rent.

Export your jobs to lower wage countries means they get richer and you get poorer. Also the guy who said he and his wife don't talk about money. That's part of his problem.

@mediterraneanworld

2 жыл бұрын

Perhaps, but Mr. and Mrs. America want to buy $250 big screen TVs and cheap IPhones....

@HuwJones

2 жыл бұрын

@@mediterraneanworld And that's the other part of the problem....they want but don't need.

This was made in 2008. It’s much worse nearly 14 years later. Covid has wiped out countless small business owners, so many facing the choice of closing or going completely bankrupt.

Thank you to everyone in the documentary and sharing their personal experiences- I’ve learnt a lot - so true when you ask for less, you feel richer..with the cost of living crisis, I’ve made huge savings and cut backs so I can manage my home plus I’m doing more work to earn more 👍

@Rhian357

Жыл бұрын

Just know. Nothing is free. And you don't owe them anything.

@annam4313

Жыл бұрын

You are great, wish you all the best.

"You can feel richer if you want less." I agree.

@marksmith9303

3 жыл бұрын

I live on 30k year . I have solar on roof water tanks for water .economical car .eating small cheap healthy meals ect. Cheers you all can do it

@rogerbartlet5720

3 жыл бұрын

Expectations for life are higher than they ever were in the past, but what goes up must come down.

@antoniokawarski6111

2 жыл бұрын

My family's income is 270k a year, and we manage to get by pretty good. We eat organic food only, and send our kids to private schools for a better, brighter future.

@fairwitness7473

2 жыл бұрын

What if you want just the basics? You know, a living wage, health insurance, a reliable car, a home in a neighborhood that's safe, real food as opposed to boxed food, enough money to pay the bills. Hey how about paid time off when you get sick? Or, how about - a vacation? I'm 55yo and I've never had a real vacation - ever. Together we make less than 50k. I've just been diagnosed with a degenerative nerve disease. I can't work anymore. We are about to lose our place to live because we now can't pay the rent. And our credit has tanked because we thought we could make it thru the 2008 crash. A house payment would be cheaper but since our credit is fried, nothing is changing on that front. #thestruggleisreal #Depressionisnotadirtyword #stillhanginon

@rogerbartlet5720

2 жыл бұрын

@@fairwitness7473 I can unload my problems just like you can! My life is full of sick, suffering and dead people and it ain't been a bowl of cherries for me neither. Truth is that's the way is has been and always will be for most people. No one is coming to save you, least of all insincere politicians.

Imagine you‘re broke and asking a bank employee, who‘s also broke, for advice! Oh wait, it‘s not a joke.

@oldpicker49

3 жыл бұрын

iv never known a bank employee that wasnt broke

@genxx2724

3 жыл бұрын

I love the banks’ “financial advisors” who always try to get me to use their services. They’re in their thirties! I don’t think I need their advice.

@juliantheapostate8295

2 жыл бұрын

@@genxx2724 They are just salesmen - real financial advisers can recommend anything in the market and will charge a separate fee. You could use an accountant instead but in my experience they know very little about retirement plans

Just being alive, able to walk, breathe, and connect with others or even by just being alone with nature.

I have a HUGE problem emphasizing with these people and this situation. Americans, especially, live beyond their means CONSTANTLY. Don't pay for tv, tpuse online transportation, STOP EATING OUTSIDE THE HOME, don't buy makeup, jewelry, etc.

@marklenares4518

2 жыл бұрын

That's true but Aside from us having so many issues to fix this country(where to begin) Deprivation of information is what it is But that's Indian policy that was born on a reservation being implemented on a far greater scale ⚖️ today Making policies-those policies become regulations- those regulations become federal law!! The worst part about it is that it has nothing to do with color!!! I wish the neo Nazis would understand that because there will come a time where we need them as much as they need us. wasted energy is what it is against the real problem A lot just don't see it. how could they? I wish people could see how thee United States of America is becoming the world's largest reservation To whom it may concern...

@randymillhouse791

Жыл бұрын

Empathizing.

this guy is funny....he says he and his wife keep their financial issues private yet he's on you tube spilling the beans

@wandafunderberg1290

3 жыл бұрын

We are wealthy, but look at other people in countries we in America believe are poor. However, we spend everything we make. I was a female CEO and made vast $. My children were in private school, had new cars at 16, and I was separated from my husband and he paid 0 child support. I’m considering moving out of the USA, to a more slowed life. I’m retired and 3 of my 4 children passed as young adults. My only daughter is 39 and never married.

@colleenrainbowblack8762

3 жыл бұрын

Like they say...until you walk in someone else's shoes....Anyone who puts down the poor. God will take away from that person and they will go through the same circumstances, but they will be shown NO MERCY!!!! BLESSED ARE THE MERCIFUL FOR THEY WILL OBTAIN MERCY.

@shiner8375

3 жыл бұрын

@@colleenrainbowblack8762 love this.

@selflove428

3 жыл бұрын

@@colleenrainbowblack8762 thank you for sharing stories

@helenaquin1797

2 жыл бұрын

He said he generally keeps things to himself. He's sharing a bit of his struggle so that others in his situation don't feel as alone.

And people still defend these billionaires solely for the fact that they believe that they can also be billionaires 😂😂😂

@lenering1084

3 жыл бұрын

Billionaires the biggest freeloaders in America. The pay no taxes, or almost nothing.

@mackeejack6731

2 жыл бұрын

@@lenering1084 because they provide immense value to society. Taxes are theft.

@mba2ceo

2 жыл бұрын

so lets tax them into poverty also ?

@johnberry2877

2 жыл бұрын

You mean politicians! They make millions when you consider insider trading and pay off by corporations !

@teamtoken

2 жыл бұрын

@@mackeejack6731 LOL thanks, love the sarcasm😂🤣

One major factor was left out is that we are seeing global inflation . I saw it in the news that most countries are all competing for parts , products , food, OIL etc. Even nations that managed their rates better are seeing major issues . The glut of money was an issue sure, but the surging demand from nation that re-opened from covid lockdowns played a larger role . Add to this pandemic-related staffing issues and the intentional global oil supply problems and its a nightmare . I known the intention was to explain inflation but that doesn’t do justice to the current inflation on a global scale......

@Natalieneptune469

Жыл бұрын

U.S inflation hit 7% in December, fastest pace since 1982 . Consumer prices in Germany rose by 3.1% in 2021 . France shows a 12 -months inflation rate of 3.4% the highest since September 2008.

@tradekings5433

Жыл бұрын

@@Natalieneptune469

@instinctively_awesome8283

Жыл бұрын

@@tradekings5433 In order for us to prepare for the future we need to look into safer investment with good prospect . If you have the mindset of investing 5 years ahead and just keep DCA every time you get paid. My portfolio have accrued gains of about $130k under the guidance of my investment -Advisor "Nicole Ann Sabi!n" whose skills in portfolio diversification are unmatched and client-centered.

@Natalieneptune469

Жыл бұрын

@@instinctively_awesome8283 The crazy part is that advisors are probably outperforming the market and raising good returns. I will give this a look, thanks a bunch for sharing this Web.

@a.m.7785

Жыл бұрын

there are more jobs but they pay cents

That is irresponsible to pay for your kids college with retirement funds. People make bad decisions sometimes and that is why they are hurting. Yes sometimes things happen out of your control, but you have control on being responsible with your money and savings. When things happens sometimes downsizing is what needs to be done, sadly many people keep trying to live the same life when their income changes. I learned this young. It is why my husband and I live like we only have one income even though we have two, plus some passive income through investments. But we live like we have one income so that if someone losses their job we can still pay the bills.

@jalicea1650

2 жыл бұрын

I think it's quite endearing how much they will sacrifice for their kids. I do think they need to reconsider their options. Their children should be going to Umass Amherst or one of our state universities since it's a lot cheaper than our private universities like Western New England or one of our premier ivy league schools. The commonwealth is one of the few states to provide excellent educational opportunities that rank among the best on the whole planet. Sadly, the cost of living has finally caught up with this family.

@dcg590

Жыл бұрын

And when the parents are old and don’t enough the children will have to support them, which is awful.

@ronaldreagan-ik6hz

Жыл бұрын

Democrats love ignorant votets

So often the greed of a "have it all" mindset leads to this situation. Live simple folks..its easier in the long run I wish you all good luck 👍

Why does nobody ever talk about the crazy expense that’s keeping the middle class citizen bogged down? Healthcare premiums and deductibles. Take those away and the struggle is greatly lessened.

@newtonraymond77

2 жыл бұрын

Even if you were to take all these away many people would eventually end up broke again, financial literacy would probably be the best thing to incorporate into the school curriculum.

@user-ti3vp9mt3z

2 жыл бұрын

Absolutely, healthcare is a major cause of debt and bankruptcy, another means the rich get richer and the people poorer.

@DrJohnnyJ

2 жыл бұрын

@@newtonraymond77 You are the sickness of America. Apathy. Blame the poor. I can tell you that if you cut health care expenses in half, cut tuition in half and triple the minimum wage and the poor would have a chance. So many kids are doomed by poor prenatal care when we spend billions keeping the aged alive one more year.

@Origami84

2 жыл бұрын

@@DrJohnnyJ Oh yeah. In fact, why do we even expect them to work? Let us just give an universal income to anyone, and tax megacorporations to hell to pay for it. Money for everyone!

@juliantheapostate8295

2 жыл бұрын

@@DrJohnnyJ Treble the minimum wage and most of these people would receive the real minimum wage. i.e. unemployment

@14:30 when he says you feel like you failed and looks at his wife for any comfort or support and she's just like "yupp, you failed" 🤣

@randymillhouse791

Жыл бұрын

"Can't believe I married this crawling garbage of a man."

Government greed is the biggest downfall of all societies every time a society collapses it’s always because of either religious dogma or government dogma

120K seems like a fortune to me yet they're still struggling, I make 40K and live on 17K. They must be paying off a lot of debt, I bet it's mostly student loans and or credit cards. The Arizona man who lost 800K in the stock market, what on earth did he invest in? Did he panic and sell? My Roth IRA lost 50% during the last collapse but regained it's value within 3 years.

@Tuppoo94

2 жыл бұрын

Something on the video smells of bad financial decisions and key parts being left out.

@V.E.R.O.

2 жыл бұрын

@@Tuppoo94 I think it's the lifestyle creep.

@Donkeyearsa

2 жыл бұрын

I'm really impressed. Living on 17k is really making your money work for you. I spend almost that much on my 15 year mortgage payment including the taxas and insurance.

@V.E.R.O.

2 жыл бұрын

@@Donkeyearsa at least it's an investment, I bet your property value has gone up a lot!

@RohanGillett

2 жыл бұрын

I'm the same. If my wife and I earned 120K together, we'd think we're the richest people on earth.

Don't set yourself on fire to keep someone else warm. Your kids can pay off student loans. You don't have time to save for retirement! All you have done is ensure that your kids are burdened with taking care of you in your old age.

@dhl5042

2 жыл бұрын

My youngest son used the National Guard education benefits to finish college and go to medical school. There are many ways to get an education without sacrificing retirement savings.

@V.E.R.O.

2 жыл бұрын

They can go to community college for two years. Back in the mid 90s, a college unit cost $11 and a bachelor's degree required 120 units. So I did 2 years community college and 2 years state school. Most of it was paid through financial aid and the rest with part time jobs. I lived at home till I graduated.

Never spend your pension on a kid's education. Your kids can work part time and go to community college for 2 years and then finish at a University to save money. Alternatively, your kids can apply for scholarships or join the military to pay for school. The foreclosed homes in Arizona make me chuckle now. They are probably selling for $600k now in this hot market.

Living in the UK and with friends and colleagues in many European countries, the one thing we never worry about is health care costs. The NHS (and other EU health systems) has many problems but you will get seen to and you don't have to worry about the costs. When looking at retirement a major cost factored in by our American friends is not one you have to consider on this side of the pond.

@rosalynrobertson8672

2 жыл бұрын

Fools (lower middle class) in those countries are buying into the conservative narrative that private healthcare is better than public healthcare.

@lynnettemurphy8243

2 жыл бұрын

@@rosalynrobertson8672Why are they fools? With private healthcare the waiting list is shorter, you choose your consultant & hospital. I need regular mri's & my private healthcare means I don't pay euro out of pocket. I choose day & time that suits me. I also have free medical care & pay only 1.50 towards each prescription. The system may be flawed, top heavy with pen pushing management. But the service is good.

@jalicea1650

2 жыл бұрын

@@lynnettemurphy8243 You're hilarious. The waiting time is shorter for rich people. Most Americans have the cheapest insurance their employer or they themselves could find. That means that they have fees, deductibles, and costs which bar them from going to the best medical facility or being seen by great specialists. I know in my state the waiting list to see a doctor for non-emergency is 6months or longer. Most people barely get by and the waiting lines for a poor man's clinic could be hours long. People even go to hospital emergency rooms and get stuck waiting there too. Only rich people get to be seen first under our private system. The poor get poorer, slowly we get sicker and many die without ever seeing the doctor to prevent their health decline in the first place.

@laurencekelly5081

2 жыл бұрын

@@lynnettemurphy8243 I bow before Lynette because you are one of the few blessed out of the millions upon millions upon millions of Americans who cant even afford to dream of your luxurious lifestyle. good luck yo you oh privileged one.

You just can't make this stuff up! The one couple makes $125k/year and can't make ends meet. "The idea that people spend more than before is a myth" as they show a family eating out. What, buying a $500k house that you can't really afford didn't work out well? Here's the truth, people spend their way into this mess and it's YEARS worth of bad financial decisions, one right after another. How on earth did the middle class dream go from a modest home 1500 sq. ft., a single base model car, eating out only a few times/year and sending the kids to an in-state college while they lived at home and worked to help cover the costs to what people think it is today with 3,000 sq. ft. mini mansions, multiple vehicles bought on credit with $800/month payments and every bell and whistle you can think of including leather seats and spoiled kids choosing worthless degrees, living in luxury and stretching out their "education" an extra year or so and all on credit once again. Oddly enough, those of us that reject this stupidity are doing extremely well...go figure!

@zmejce14

3 ай бұрын

Your idiotic take is the reason for this documentary and how brainwashed and oppressed you're by the 1%....

The AMERICAN PEOPLE need to hold accountable the POLITICIANS, GREEDY BILLIONAIRES, THE CORPORATE SECTOR, WALL STREET, THE FEDERAL RESERVE BANK and the GOVERNMENT (for years of illegal wars abroad ) for greed and the collapse of the country's economy

@sandramaiden4707

Жыл бұрын

Truer words were never said!

@wilde.coyote6618

10 ай бұрын

Right on

@CJ-gv6bq

9 ай бұрын

They are intentionally destroying the middle class.

Big business wants you to want less. Less pay, fewer benefits, higher cost for health care, groceries, rent. They will no longer give you a pension, a living wage, etc but they will keep more and more of the profits as they raise prices again and again.

It's too easy to blame this financial limbo on our country. This is a lesson to be learned from those who live within their means. There are millions of garages fill to the brim with used and new material goods to fill their insecurities. Or the ambition to keep up with Jones'. Blame this on our instant way of handling our gratifications but not our country.

@skybot9998

2 жыл бұрын

There is alot to be said for living within our means.

@Kuulei265

2 жыл бұрын

My Husband and I were the LAST people we felt to have a cell phone. We have older TVs and use our computers more. We don’t go out to eat a lot or movies. Guess with COVID, we are among others not willing to shell out the bucks for a movie that isn’t any good. They keep using the same tired “talent.” Yes, go into the garage and start giving away things. Some else needs it. Learn to read a book again. Talk a walk. Listening to these stories, I think that and I hope families will start pulling together and also get involved with the candidates running so that the situation can improve. There has to be a solution.

@skybot9998

2 жыл бұрын

@@Kuulei265 well said. We can get by on less materialism,get back to the art of conversation and reading. It would improve our mental state. 👌

i was born in a low class family, but work my way up to middle class, where i remain. I'm 88 years old. Good planning is crucial.

@chrisnamaste3572

3 жыл бұрын

Yea yea yea. Try it nowadays and see how it goes....

@howellwong11

3 жыл бұрын

@@chrisnamaste3572 It would still be the same for me except the technology will be different. I was a satellite communication engineer so I would just have to change my field of expertise to fit the current technology.

@missalicesmiles

3 жыл бұрын

@@howellwong11 can you explain how you would be able to achieve this as a millennial during today's times? I believe back in your day, a family living off a single income could afford a home. Doubt that's possible to the average middle class person today.

@terryvlunsford1610

Жыл бұрын

@@missalicesmiles folks back then didn't require microwave ovens, dishwashers, granite countertops, ceramic tile floors, Jet tubs, home theatres, smart phones, personal computers, wi-fi. numerous flat screen T.V.s ,robotic vacuum cleaners, drive thru restaurants, $4 cup of Starbucks, more than one car, bathroom, garage, 3000 sq.ft. house, 6 pairs of shoes, door dash, eating out except for rare occasions. The biggest difference is income TAX. Nowadays one spouse works just to cover the outrageous tax burden.

@missalicesmiles

Жыл бұрын

@@terryvlunsford1610 you actually need a number of that things you mentioned. Without a microwave, you cannot meal prep and have to waste time cooking a new meal everytime you need to eat. And how poor are you if you can't spare $60 bucks you get a basic microwave and think that $60 affects your finances? You need a personal computer to apply for jobs, keep current in your field, and do your side hustle. Not having a smart phone is an impediment - what if you get lost or need to address an impromptu work email or slack? You can easily get a smart phone for 300 or less If you are in a two person household and both work, should one person spend three hours each way walking and trying to take public transit to work if they live and work outside NYC and SF? No offense but you sound old.

these arent middle class.. these are poor people with credit cards

@DavidEVogel

3 жыл бұрын

ha ha. Annual family income $100k. Spend $125k. Its the American way.

@mushy111

3 жыл бұрын

This!

@CT-bm9oz

3 жыл бұрын

👍

@dannyjizay

3 жыл бұрын

Facts

@absolute3112

3 жыл бұрын

OMG, I thought the same exact thing

I grew up middle class. Married down and stayed home with my kids. I learned that the salt of earth are lower middle class. People today are WEAK. But you're about to learn

To claim the middleclass, making over 100k, is doing worse than anyone else is in this country is crazy. I think you mean their expectations have fallen more than others.

It's ridiculous that parents feel pressure to use their pension to pay for a child's education. That is crazy! Kids can work, go to a community College for two years etc...

@johnendersby1619

2 жыл бұрын

It's their money. They didn't say they used all of it. They have a cabin I. The woods which means they are effectively retired. Because you can't run those businesses from the middle of nowhere. They may be richer than you think.

@annoneal665

2 жыл бұрын

@@johnendersby1619 It is there money. No one said it isn't. However, the entire video is about the middle class becoming poor so it doesn't appear anyone has a trust fund with unlimited funds. The man named George in the video said he doesn't complain or want pity. His quote was, "You can feel rich if you want less." Why would anyone want ro put their parents in debt for school when the parents have to out up their future for it? Get good grades, work, get scholarships, go to less expensive schools. I stand by what I said. No parent should put up their retirement for a child's education unless their retirement is a miniscule portion of their financial portfolio. That is not the case on anyone interviewed on this video.

@barrett7893

2 жыл бұрын

Amen to that 💯

@hugohabicht9957

11 ай бұрын

Today it is impossible to earn back the cost of tertiary education. Wake up to reality .

@alanaadams7440

10 ай бұрын

I agree I would not spend my retirement on college for kids. I worked my way thru college and I think I value it more than if it were handed to me

dang $120,000 is a lot of freaking money if you ask me my husband and I both work for Amazon and make under $60,000 together, we live in Kentucky it's 2021 I bought a house for $89,000 about 14 years ago, we live within our means or below it and we've always been just fine.

@ft9kop

3 жыл бұрын

Boston is crazy expensive. A modest 1200 sq ft house is easily $500,000. There are lots of high paying jobs in Boston jacking up the real estate prices

@jasonwilkins1969

3 жыл бұрын

@@ft9kop sounds like it's time to move out of the city. We could have bought a house in Chicago. Instead, we chose the suburbs and bought a house for $220k. Yes it is more expensive than rural Kentucky but compensation is higher

@markinnes4264

2 жыл бұрын

the same $100K home in Kentucky is $1 Million in Toronto., $2 Million in San Francisco. Some places are beyond crazy.

@sunnyd4734

2 жыл бұрын

I live in Boston, MA. A small two bedroom condominium in Boston's Back Bay is $750K. My coworker just sold his 3 bedroom, 2 bathroom house for $1.25MM.

@jalicea1650

2 жыл бұрын

Kentucky is a poor state compared to Massachusetts. You compare apples to oranges especially when comparing them to one of the most affluent areas in the nation. Remember Boston is the capital of Massachusetts, and has million-dollar homes that anywhere else would be $300k. I think the problem is the South thinks they're getting a better deal, but they lack the same infrastructure, protection and benefits that most New England provides. We have excellent schools, the best hospitals on the planet, and great employee protections which usually are only comparable to Europeans. I think the cost of housing is now the crux hurting the state and we need to move away from single family housing that became popular post World War 2 and build mixed housing units like apartments, duplexes and condos to help lower the demand. Not everyone needs a single-family house. We also need to better invest in trains and bussing to provide better alternatives for our busy workers. I think Boston simply lacks the space to build much more housing. That just drives up demand...

In the world right now, wealth is shifting and inflation is rampaging every sector but the smart ones know that it is best to put your future with a trusted professional to secure and even grow the value of your asset and that's why I am stuck with Suzanne Stephens Ellis, I have experienced amazing growth in my Portfolio since I joined her platform in March 2020, I can't say thanks to the pandemic but it was during the pandemic I realized that there were more options and found a new understanding of finance.

@chhrisleon6706

2 жыл бұрын

Great content. Everyone needs more than their basic income to be financially secured. The best thing to do with your money is to invest. Money left in savings always end up used with no returns, actually this the second time I am hearing about the same Suzanne, she must be pretty good.

@kathrinevladamir6528

2 жыл бұрын

@@chhrisleon6706 Wow, thank you, I found her and her credentials are very much appealing, I found a way to contact her on her website, thank you so much, most informative video.

He is right. The less we want, the more we have.

@marklenares4518

2 жыл бұрын

Aside from us having so many issues to fix this country Deprivation of information is what it is But that's Indian policy that was born on a reservation being implemented on a far greater scale ⚖️ today Making policies-those policies become regulations- those regulations become federal law!! The worst part about it is that it has nothing to do with color!!! I wish the neo Nazis would understand that because there will come a time where we need them as much as they need us. wasted energy is what it is against the real problem A lot just don't see it. how could they? I wish people could see how thee United States of America is becoming the world's largest reservation To whom it may concern...

Giving up their pensions so their kids can go to college is ludicrous. They cannot make up that money. Their kids can get financial aid and/or work through college. Many students have jobs to get through college.

@dannylengyel5830

3 жыл бұрын

Agreed. Part of the problem is a lack of financial education. It should be mandatory to be taught in schools.

@stanley19430

3 жыл бұрын

@@dannylengyel5830 this is a fallacy. Our high school taught finance and economics as required by state , guess how many students cared? Barely anyone. Why? Most Americans don’t care until it is right in their face. Library is free, if Americans truly cares, they would have read financial books themselves. You can only teach someone who actually wants to learn.

@dannylengyel5830

3 жыл бұрын

@@stanley19430 They'll start caring when it is mandatory to pass the personal finance class to graduate. They'll have no choice but to care.

@jesuslover5968

3 жыл бұрын

Exactly we are in 2021 it’s not kids responsibility to care after their elderly parents and it’s not the parents responsibility to support their kids future what kind of nonsense is that everybody is on their own tough luck if you can’t survive

@stanley19430

3 жыл бұрын

@@dannylengyel5830 we had mandatory tests and we removed it. Bush literally implemented it. Then the entire parents association revoked it because “we should not teach tests” and “my kids are straight A students, they should graduate regardless of the test”. Dude, what you said is literally history. This literally happened. No Child Left Behind law and common core. I’m going to say this again. Blaming education at this point is just an excuse. Internet is free and we only have our adults to blame.

All the comments criticizing the individual choices and not understanding that it is a global phenomenon and it has us all connected in the downfall. That’s big part of the problem.

@Scott-by9ks

3 жыл бұрын

Not all of us. Some of us are living good.

@galanis38

3 жыл бұрын

@@Scott-by9ks Good for you. At a much more widespread level, though, the middle classes' standards of living have been falling for some time now.

@Scott-by9ks

3 жыл бұрын

@@galanis38 I disagree. The quality of life for Americans has never been better by nearly every measure accept how they FEEL. Houses are bigger, yet household size is smaller. Homeownership rate is over 65%. Average and median incomes are higher both on a household and and individual basis. More Americans have access to personal transportation, a car, than ever. Health insurance coverage is 94%. US life expectancy is 79 years, a record. 93% of Americans have internet access in their homes. More than half of all 11 year olds own a smartphone! 97% of adults own a smartphone. In what way is the middle class worse off other than how they feel?

@galanis38

3 жыл бұрын

@@Scott-by9ks The statistics and analyses I've read differ from yours. According to most readings, average and median incomes/wages have stagnated for several decades now and with adjustment for inflation have decreased in purchasing power. Cost of health care has skyrocketed and more people than ever are uninsured or under-insured. College debt is at record levels, with many of the debtors in or at risk of default, not able to find employment which can both furnish basic living expenses plus debt repayment. Homelessness has risen precipitously in many of the largest urban areas. The overall wealth gap between the rich and the less-rich has widened dramatically, showing a siphoning of national wealth to an ever smaller percentage of the population. More and more middle-class people -- arguably more than in a very long time -- live paycheck to paycheck, with no back-up for even a relatively small emergency expenditure. Internet access or ownership of a smartphone by young people is not necessarily an indication of the general economic condition. Most of my age group peers are professionals of comfortably middle-class and in some cases verging on what might be considered near upper middle class incomes, with children well past college age, in the 30s age bracket, and these children -- many more proportionally than in the past -- still considerably dependent on their parents for basic financial sustenance. No, the middle class is shrinking -- that's what most of the data show.

@cancanjaker1620

2 жыл бұрын

It is a global phenomenon, but sooner or later, they just have to realise that they can't afford a new iphone every year. And make no mistake, that iphone IS expensive for the majority of "middle class". Yet the perception of money and numbers is so distorted now that they think it is affordable.

Thank you, your documentary has been a constructive learning experience for me. I have a tendency to be very self-critical. I left a socialist country I born in and studied and moved to Australia. In my new foreign to me language speaking country, I set myself a minimal goal which was to achieve wealth to join the top 1% within a timeline. I never had any doubt and never gave myself a way out. Once I achieved my first goal, I set myself a new goal which I am working towards. In my childhood from a very young age, I learned the importance of money, wealth building, respect for other people, honesty, decency. My historically significant family going back to the 16th century, lost almost everything financially due to the country's change to socialism, however they kept their knowledge, personality, sheer determination and other very important assets they passed down to me. Today, I find my family members and relatives around the world from Switzerland, USA, Germany, Austria, France and other countries and find that we all have similarities of high achievements. It has been very difficult to watch this documentary, while watching I felt like getting a piece of paper and the pen and making a step by step plan to implement positive changes. I specifically loved the fact that the farmer looked and found additional ways to make money. I would make use of every tool, including the internet to earn extra money. Hearing people saying that they would be happy just to be able to pay all their bills and have money left over for necessities. has been very difficult, I felt like saying let's look at all options available to you to make extra money. build up your emergency fund=mental health, then keep going. It is very difficult to comprehend and very difficult to understand a difference between our thinking.

Typically, people are at risk for losing their homes when they allow the banks to decide what they can afford to pay for a home. We must complete a responsible budget, save for that minium of that twenty percent down payment and stash away an emergency fund. Than go shopping for that home. Responsibility is yours, not the banks. God bless.

If that guy had $800K in the stock market when he was in his 40's, he was not middle-class. And how the heck did he lose $800K?

@johnr.6029

3 жыл бұрын

He probably used a stockbroker. Watch "Wolf of Wall Street". Lots of foul language, but the message is clear.

@dabaws4665

3 жыл бұрын

this documentary during 2008 recessions

@suellenfunk1898

3 жыл бұрын

They had a really great house!

@gregbrady8454

2 жыл бұрын

I bet his gold digger wife left him soon after.

@notroll1279

2 жыл бұрын

@@gregbrady8454 She barely said a word and you think you can judge her. Interesting...

Let kids pay for their own education. Being homeless in retirement would be brutal.

@BeBeautifullyYou

2 жыл бұрын

And I personally know children whose parents put them through school and continues to struggle paying the debt and the children don’t even contribute now that they’ve graduated and are working.

@Palepetal

2 жыл бұрын

Or tell them to go to community college first if they want money for school

@jalicea1650

2 жыл бұрын

@@BeBeautifullyYou there's no guarantee that your kids will be a success just because they went to university and most young people are severely underpaid and overworked so they cant contribute. A lot of boomers don't realize that.

I'm laughing at some of these dumb comments. This is NOT the 80's have you see a what houses are going for, have you see what apartments are going for, did you buy groceries this week and basic Nissan Sentra is 20k. Stop living in the past. People use Credit cards to survive to pay that high rent that's now you have to make 3x the rent. Everybody isn't living beyond their means, some people are trying to survive and we will play by America rules or you will be homeless. 🙄

That's one problem. All the secrecy allows greedy corporations to not pay for the work they demand. No unions. No support. If a middle class person complains, they are told to give up their daily Starbucks and they could be millionaires.

Apple to oranges. I grew up in the 50's in a middle class family and I remember things that these people crying "middle class crisis" wolf don't like to mention. One TV set lasted 20 years and not everyone had one. If something broke, you fixed it yourself. Not everyone had a car and few people went on vacation. We rarely ate out and home food was simple. A pop, an ice cream, a cake, was all luxury. Nobody obviously had a phone, computer, all the things that people now consider necessities and guess what? You PAY for all those "necessities". To enjoy all these modern things means your paycheck doesn't go as far. Leave the top 1% out of this. If you lived on the Spartan lifestyle we had in the 50's,on a $30,000 paycheck, you would not be struggling. Middle class income didn't shrink. We're spending a lot more.

@saardfetner8620

2 жыл бұрын

This is good life. Stop complaining.

@neldonah8647

2 жыл бұрын

Can't compare housing prices. Tradesmen and most other people who held steady jobs could afford a house then. As multiples of average income there''s no parallel

@nadineskye7050

2 жыл бұрын

@@neldonah8647 Agreed. My house is worth $100k more now than just 5 years ago. A new TV set and cell phone every couple years, eating out and goodies would be a mere drop in the bucket. No comparison. It was easier to live back then.

@gunnikr

2 жыл бұрын

Yes, we do have higher expectations now but The only reason they didn’t in the 50s was because there was no Internet so they didn’t get to compare themselves to anyone else. So it’s not exactly a fair comparison. They also didn’t have credit cards available to them. So it’s not like the people back then were better, they just never had the opportunity. Also inflation rates are higher now than it was then. The fact that they don’t even have to buy a TV every few years tells you that they had less expenses by default. Nowadays if you buy a new washing machine you know it’s not going to last more than five or six years.

@noli.me.tangere

2 жыл бұрын

@@gunnikr In other words, stop spending irresponsibly and there's no middle class crisis.

Don't have kids unless you make enough money to have a huge emergency fund, retirement fund, savings fund. Too many people just don't have foresight. I have 2 kids, raising them alone 9 years now. I make good money, spend what I need to on them, spend NOTHING on me. Save, save save, invest.

"they were forced to use their retirement to pay for their children's college" no.... No they didn't. My parents didn't pay for mine or my sister's schooling. Some people want everything handed to them.

@marklenares4518

2 жыл бұрын

Aside from us having so many issues to fix this country I'll tell you what it is Deprivation of information is what it is But that's Indian policy that was born on a reservation being implemented on a far greater scale ⚖️ today Making policies-those policies become regulations- those regulations become federal law!! The worst part about it is that it has nothing to do with color!!! I wish the neo Nazis would understand that because there will come a time where we need them as much as they need us. Taxation with or without representation? cuz I can't tell the difference! wasted energy is what it is against the real problem A lot just don't see it. how could they? I wish people could see how thee United States of America is becoming the world's largest reservation WE THE PEOPLE To whom it may concern...

I live in the UK and our family income is $130k a year. We live well and can easily pay all the bills and plenty left over for holidays. We live in a detached house, eat out once or twice a week and have two cars. Our house is worth $800k with less than $100k left on the mortgage, I have $1M in my pension fund at age 55 and expect to retire in five years, at 60. I CANNOT believe that in the US you cannot live well on that!! What the f**k are people doing there?? It seems to me that Americans are so obsessed with consumerism that they are living well outside of their means - buying new cars they don't need, other sh*t, etc. The good jobs are still there - America has never been richer, the stock market is booming, major American corporations are richer than nation states. So why are they talking about the decline of middle class? The middle class is NOT in decline, but the middle class of 1960-1990 is now the upper class, the wealthy class. There are more rich people in America than ever before.

@westmax8491

2 жыл бұрын

130k is on the high sides in UK

People don't really recognize that as long as there is a mortgage, the home is NOT theirs! Also, they don't see the long range of the interest they will pay for the privilege of staying in that pretty home in that nice zip code. Don't buy what the banker's tell you what you can afford, focus on what you are willing to lose. No, I'm not a banker. I am a consumer who educated herself before she made one of the biggest commitments we make in our lifetime after selecting a partner.

@user-kz8ik8cg2c

3 жыл бұрын

customer, consumer is a dum road

@danielakasmart2891

3 жыл бұрын

Even after the home is paid off its not theirs, the moment u dont pay the property tax its bye bye!!!

@charlesritter6640

3 жыл бұрын

@@danielakasmart2891 you beat me to it. I was going to write your exact comment.

@jasonwilkins1969

3 жыл бұрын

This is the truest thing I've read here. People buy way too much house and then can't afford it.

@jumperstartful

3 жыл бұрын

Even if you pay off your home, you don't own it. Just forget to pay property taxes and see who owns your home.

Rich or poor, we're all cremated equal.

@issecret1

3 жыл бұрын

No, you're not

The economic crisis of the late 00s really did a number on many Americans. I remember the late 00s recession very well. It's part of the reason I decided not to attend college. Some people thought I was throwing my life away by not going. But I realized had I decided to attend college, I would've ended up paying out of pocket. I was getting help from a state vocational rehab agency known as DORS here in MD that wasn't very helpful. They weren't gonna pay for me to get any degree either. Now I'm finally investing in dividend stocks. Something I should've started doing in my late teens and early 20s.

@annem1123

2 жыл бұрын

I went to college, which was the right decision for me, but I agree that it's definitely not necessary for everyone, regardless of what your talents, intelligence, or skills are. And most of us could have used a better financial education early on.

@jessicasmith5728

2 жыл бұрын

@@annem1123 Thanks for understanding my position on this. Some people feel that just because college worked for them it'll work for someone else too. In reality, everybody has different goals in life. For some jobs such as being a doctor, lawyer or an accountant, you have to attend college. The same goes for anyone who wants to go into the STEM field. But if you want to pursue something that doesn't necessarily need a degree then it's best not to attend college. I wish I got better advice early on in my adulthood. Not just about finances but about life in general. Most of the advice I was given was very bad and had I listened to all of it I wouldn't have one cent to my name. Not only that, I'd probably be one of millions of Americans saddled with student loan debt and probably wouldn't be able to pay it off due to unemployment or being underemployed.

I'm eating soups and salads ...I'm actually making a great soup right now...it's cheap and healthy...all you need is water, a piece of chicken, onions, garlic, carrots, a potato or brown rice and spices...the pot can last for days...

$120 k a year and they are struggling ?? What city is that? That’s a pretty darn good income in NM

@sewingintrifocals-alisonde7778

3 жыл бұрын

Yep, that's pretty wild. 120K a year is still really good money to earn in 2021. My mother taught me to be frugal, and I actually like vegan food, since I have some wonderful recipes, so living on a lot less than 120K a year, I'm happy and well. I could skip meat, poultry, and fish, to save money, if I needed to. Mom is a super carnivore, though, so when I cook for her, gotta throw some meat in, ha! Food without meat, poultry, or fish in it "ain't food" as far as my mother is concerned. ( o :

@joyaustin6581

3 жыл бұрын

It’s a good income if you are healthy

@jasonwilkins1969

3 жыл бұрын

@Jess D is that a problem?

@royharper2003

3 жыл бұрын

@Jess D what's wrong with living with mexicans?

@missalicesmiles

3 жыл бұрын

@Jess D amen. Go six hours north by car and that definitely is not enough to buy a home in a neighborhood where gun shots are not uncommon.

I'm so glad I didn't fall for that American Dream Scam. I joined the Army at 18, stayed in for 23 yrs. Never married, no kids, built a modest home on 4 acres(paid off in 2015), own my car, truck,& motorcycle. Have money saved. I didn't overreach,& live comfortably. I saw marriage & kids=debt & I didn't want to live hand to mouth/paycheck to paycheck. Good luck to them all.(You're gonna need it)

@jasonsaeger

3 жыл бұрын

You were smart, you didn't get married!! You focused on you and didn't have a wife that might have bankrupted you. MGTOW lifestyle there good sir!

@DH-hz6rv

3 жыл бұрын

@@jasonsaeger Exactly!I watched a lot of family & friends go through divorce/ child custody. Now with the pandemic I'm glad about my life choices. My parents didn't have to go into debt (in 1988) to send me to college, the US Army paid for it. My retirement & investments allow me to live comfortably.

@Natalia-ky5xt

3 жыл бұрын

Not to have kids takes you out of proverty

@DH-hz6rv

3 жыл бұрын

@@Natalia-ky5xt My kids are my two dogs & I rather have them over human kids. It's just my personal opinion but kids now a days are not worth the time, money, or emotions.

@Natalia-ky5xt

3 жыл бұрын

@@DH-hz6rv i think the same. My little doggy is my daugther. I feel that having a human kid would ruin my econonomy and the little leisure time i have left. Regards from Spain

My parents could not afford to send us to college. Plus they felt they didnt need to. We all figured it out, got training and became skilled professionals All of us r living well now.

we actually dont need a lot of money to live.

Many of those featured are not middle class. It's time to accept the reality that they are working class. They need to accept the reality and live according to their income. Don't go from zero to picket fences. Stop relying on credit cards. Set your immediate, short term and long term goals. Work towards reaching the 1st goal and settle there for a while. This gives one the time to breathe and put money aside towards the next step. Don't buy what you can't afford to pay off in an emergency. From the outside, it appears that far too many see the end goal as their first.

@erickfuentes7276

2 жыл бұрын

Thank you 👏👏👏👏👏 the third family you can tell they were saying yes to every 10k credit card coming their home buying new cars every 3 years because business was booming and not saving money for rainy days. We don’t want to wait to get things we want things now and we go into debt.

My parents didn't pay a dime towards my college expenses, nor did I expect them to. Very unwise to take from retirement to pay your kids college.

@ifuknjk

2 жыл бұрын

community college is free

@ifuknjk

2 жыл бұрын

@@angelcitystudio sfo

@alipainting

2 жыл бұрын

@@ifuknjk where, Cali?

@newtonraymond77

2 жыл бұрын

So many people out there have more degrees than a thermometer and can't find good jobs while some have no degrees and are living well

@Peppermon22

2 жыл бұрын

@@ifuknjk only if they qualify for the fafsa. Most kids have to wait till 25 or eles their parents income is counted.

Thanks.

I grew up and worked during the demise of the Middle Class. Most of the Middle Class worked in manufacturing plants. My Dad was one them. In my opinion, and from what I witnessed. It was caused by corrupt greedy Labor Unions and greedy upper management. Got to the point where it was more profitable to move these plants to other countries with much lower overhead. Which included no unions and lower labor rates. Some of the practices I saw when I was a salesman of industrial equipment by unions was ridiculous. I was at a major plant once to trouble shoot a piece of equipment at this plant. I had to wait over an hour for the only person that could simply turn the machine off. No one else could. I had nephews that worked for a major plant on the grave yard shift. They actually told me that they slept, on average 4-5 hours of their shift.

@WhatsUpWithSheila

2 жыл бұрын

And those are the *truths* ... that most people never want to talk about.

@music0452

Жыл бұрын

After reading about your nephews, no wonder companies went overseas. I am not blaming your nephews, but think about the many companies that pay people to sleep 4/5hrs of their shift. Just saying 🤭

@terryvlunsford1610

Жыл бұрын

Those are contributing factors, but the major killer was the NAFTA & China WTO trade agreements that enabled all of those good paying union manufacturing jobs to leave the country.

@ronaldreagan-ik6hz

Жыл бұрын

Demise of the middle class? You fool

Life is stressful as it is. Adding debt to it seems unbearable. I'm so relieved I have no debt

@sherree4444

3 жыл бұрын

Good for you. 🙂 My husband and I try to live below our means. Less is often more.

@jeanc819

3 жыл бұрын

@@sherree4444 Same here... Best way to do it!

@screenarts

2 жыл бұрын

If you lose your income, would you go into debt to buy time so to keep what you have or would you walk away losing all as soon as you could not pay?

@johnnypham2850

2 жыл бұрын

@@screenarts GOODBYE OLD LIFE

@mariekatherine5238

2 жыл бұрын

@@screenarts I had no choice. In one week’s time, Covid resulted in loss of both my income and my apartment. I sold a few things, put a few in storage, important things in my car, and the rest I abandoned. I lived for two months in my car. I’m presently squatting with permission in a relative’s hunting camp. I’ve winterized it and it’s really cozy. Officially, it’s not for permanent residency, but it’s in the middle of nowhere, and nobody cares. Oh, it’s also off-grid. I’m writing this from town where I do part time work online.

I am so glad I payed my house off 2 years ago and now I’m so happy here at retirement

@federalreservebrown2507

3 жыл бұрын

yea,, you give the criminals at the israeli rectal service a laugh...

@r.chavez5513

3 жыл бұрын

Nobody is safe of what is coming

@hermanrogers1325

3 жыл бұрын

@@r.chavez5513 yep you are right all we can do pay off what we can and save and this may not do any good and pray and what ever happens we deal with it

@hugovega5692

3 жыл бұрын

@@hermanrogers1325 Whatever happens in the coming days, always stick with the ones you love and try to help others in need, because godforbid a collapse, a strong community is all we'll have.

@MaYeRsNoLife

3 жыл бұрын

haha you are still paying high taxes for that home, weird murica.

The 80's was the last good decade

Garage sales,goodwill stores,over 10 year car,1960 home,more than half my home furnished with 2 hand ,cloths 2nd hand.Everything paided.I do have savings.Concerned about taxes and inflation will eventually send ALL of us on the street.

Look at all the wives looking at their husbands 🤣🤣🤣

All of these folks situations are crazy....one family can't live on $120K/year...one family loses $800k in investments...one family own a line of stores, one family uses retirement money to fund children's education, etc. All need to reevaluate their spending and finances.

@ryanarchuleta6231

Жыл бұрын

$120k isn't that much in this economy for a family. I make $80k as a single 26 year old and just regular old bills and whatnot add up. And I don't even splurge or have an expensive car.

@cherylT321

Жыл бұрын

Agreed. Poor decision making any which way you look at it!

Done with this video!

This is why a free and qualified educationsystem for everyone is essentiel for a modern socity 😊