Here's why younger consumers are 'struggling' the most

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  • Опубліковано 21 жов 2024

КОМЕНТАРІ • 18

  • @chad9971
    @chad9971 5 годин тому +3

    Consumers are doing terrible. Banks want our money. University wants our money. Landlords want our money.

    • @Fudge_Fantasy
      @Fudge_Fantasy 3 години тому

      Only one you said that matters is the landlord.

    • @xiphoid2011
      @xiphoid2011 3 години тому +1

      You are buying into consumerism, which unfortunately is also most Americans. We Asian Americans actually have the discipline to not squander our money, which is why we save 20% on average. We are so well off because we are disciplined in education and personal finance. Unfortunately most Americans don't seem to have such discipline.

    • @Cassander314
      @Cassander314 2 години тому

      @@Fudge_Fantasyonly thing you forgot is that nobody asked

    • @chad9971
      @chad9971 2 години тому

      @@xiphoid2011 dude what are you talking about? I never said I didn't have savings (or investments lol). You all have enough savings to pay for 4-year university and houses out of pocket? If that's the case, God bless.

    • @noble1064
      @noble1064 9 хвилин тому

      @@xiphoid2011So because you are better well off on average that means you carry less debt? It doesn’t take a rocket scientist to figure that out. Especially given the size of the samples where caucasians are a much larger demographic and asian americans consist of a smaller, more concentrated pool of peoples. Of course that will skew any findings, even though I highly doubt the 20% metric you gave.

  • @matthew.m.stevick
    @matthew.m.stevick 4 години тому +1

    each generation after baby boomers has become increasingly harder for young adults trying to make it in world. now i happened to beat capitalism and retire going from $3k saving account 2005 to multiple millions self made in my JPmorgan account … but we can’t possibly expect to have a population of men with my skill and intelligence. and humbleness.

  • @maestrovso
    @maestrovso 44 хвилини тому

    "Banks don't know what is going to happen." "Consumers don't know what is gonna to happen", but Yahoo Finance interviews financiers and wall street oracles hourly that have crystal balls know exactly what is gonna to happen.
    They also said, the younger generations have no interest in material thing, like cars, and especially owner a home. They emphasises in spending on experiences. Let's see if they can take the life experiences to the bank when going gets tough.

  • @reynoldslacybrleroymeuschke
    @reynoldslacybrleroymeuschke 5 годин тому

    I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated

    • @FederickLeo
      @FederickLeo 5 годин тому

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    • @BensonTati
      @BensonTati 5 годин тому

      I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

    • @FederickLeo
      @FederickLeo 5 годин тому

      I don't really blame people who panic. Lack of
      information can be a big hurdle. I've been
      making more than $100k passively by just
      investing through an advisor, and I don't have
      to do much work.. Inflation or no inflation, my
      finances remain secure. So I really don't blame
      people who panic.

    • @BensonTati
      @BensonTati 5 годин тому

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    • @reynoldslacybrleroymeuschke
      @reynoldslacybrleroymeuschke 5 годин тому

      nice! once you hit a big milestone, the next comes easier.. How can i reach her, if you don't mind me asking?