This is the most true statement. When you can't afford the basics you're poor. Nobody wants to say this because everyone wants to think they're middle class.
Statistically the middle class is shrinking because people make too much money to be considered middle class anymore. Over the last 30 years about 25% of people in the middle class are now considered upper class. Over that same time span about 12% of the lower class has now become the middle class. The middle class is shrinking but so is the lower class now. A better critique would be why is it that the lower class is shrinking as quickly as the middle class.
Retirement may be difficult for an increasing number of people. Saving money is difficult due to expensive rents, inflation, and low-paying jobs. These days, middle-class Americans also struggle to own a home, which prevents them from having a place to call home.
My goal to work part-time, save for the future, and retire at age 62 has been affected by the rising costs. Whether or not people who survived the 2008 financial crisis had it easier than I am right now worries me. A decline in salary coupled with stock market volatility is making me worry about whether I'll have enough money for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. 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..
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
Having an FA is the best way to go. Based on a direct encounter with a CFP named Julia Hope Marble I can say with certainty that their skills are excellent. She helped raise over 580,000 in 18 months from an initially stagnant portfolio of 150,000
You're only too rich for government help because you keep voting for people who want to get rid of government help. How about making government help available for everyone? Like it is in just about every industrialized country on the planet...there's no shortage of wealth, just hoarding of it.
Yes, middle-class Americans are quickly becoming PEASANTS! I fear it won't be much longer before many Americans attach themselves to wealthy land owners as serfs!
An easy solution to ease the housing crisis is to not allow business, corporations, both foreign and domestic from purchasing single family homes. Homes are not and shouldn't be an investment
Additionally, maintain a max amount of homes an individual can own simultaneously. I think 10 was a recently proposed number. In places like Singapore, I think it's like 2 or 3, and their housing markets seem to be working for them. Exceptions should be made for developers, as they're adding inventory, instead of monopolizing existing inventory.
Would you say there’s a limit to the size of the company where that kicks in? You do have some Ma and Pa real estate businesses that might just own a few single-family homes in a given area. Would you say that’s OK?
To attain upper-class wealth, a wise individual recognizes that building financial success requires smart investments, strategic tax planning, and informed decision-making. Although the stock market offers growth potential, effectively seizing these opportunities demands both skill and expertise.
Stock investments can offer great potential, but it's essential to approach them with caution. I recommend consulting a financial advisor who can help you determine the optimal times to buy and sell.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My wife and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I know this FA, Stephanie Janis Stiefel but only by her reputation at Neuberger Berman ; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since l watched her interview on WSJ last month.
It absolutely does matter who occupies the top job. As the video correctly acknowledged TRUMP cut a 2-year production deal with Saudi Arabia that caused oil prices to rise substantially. This is not a R vs D issue it's a trump issue. Biden was able to purchase large quantities of oil at a reduced price once trumps disaster deal was term ended. You are correct however, when you suggest that in the normal course of activities and absent undue influence, the person in the 'top job' doesn't generally make a difference. It was merely one self-centered, egotistical, buffoon acting on his own self interests that caused an unexpected disruption to normality.
@@FradAnnerWell her name is 'STEPHANIE JANIS STIEFEL'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Yup. On paper Americans' incomes dwarf most of the world, but we get rekt by monopolies and oligopolies that jack up everything: utilities, insurance, food, childcare, education, you name it.
The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips
You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime, You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline
money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property, The aid of an institutional or basic financial advisor's cannot be over expressed. I started saving and investing in 1989 at the age of 20... I am 54 today and have 2.2 million in my retirement account, 135k liquid and I trade securities with 50-55k
I'm bombarded with the don't sit on it during the inflation, I wanted to jump in 8/22 and did nothing. So far this year I think I need to get my feet wet but I stopped listening and taking financial advise from UA-camrs, because at the end of the day, I end up with a bunch of confusing stories. Have you always had guidance?
I've shuffled through investment consultants and yes, they can be positively impactful to an individual's portfolio, have been in touch with ‘’Aileen Gertrude Tippy’’ over a decade now her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable
CNBC’s ultimate “here’s why you’re poor” lecture while simultaneously failing to hold those responsible accountable. If you guys really cared about these topics you’d ask the hard questions to those directly responsible without bias.
Pushing this to a senator is great yes but don’t diminish the importance of messaging to a large megaphone like a media outlet has. It’s equally as important to voice yourself here as well
The cost of childcare has increased by 273% since 1990, yet there's a shortage of childcare workers due to low pay? Gee, who's earning all the money from the increased cost, then?
Regulation is expensive. Work from home and watch your own kids. Daycare is a trap and a lie sold to you by big government, who needs more taxpayers (women).
I blame the government for what we are going through! It's common sense: prioritize our own country's needs first. Stop sending billions overseas and address the issues we are facing!
I’m in Florida and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, poorly built 950 square foot boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Prices keep going up, wages stay low, rising cost of living and inflation which has already eaten deep into my savings. I've had enough! Now, I just want to know how to protect and grow what's left so I can have a better future.
@@JBoy340a Solar is over. The lobbyists got to the politicians pockets and in Ca we are now operating under NIMS 3.0 which essentially requires batteries which cost too much and don’t last long and the utilities won’t pay you fair market value for the electricity you generate back to the grid anymore. Thats why solar is going bankrupt.
@@Lesrevesdhiver Do some Google searches, you'll find many examples of cities in the US where the median household income is even lower than $53k/year. Mississippi and West Virginia both hover around that number for the entire state. Pay attention to the range for middle class by state, you may be surprised how low the numbers go.
It is and certainly can be in many parts of the US. Not in certain parts of certain states but it can be done in many others. The problem is people want to live in Carmel on that money when they need to be in Wichita.
That’s not middle glass in NC either , have to go to a random place in the middle of nowhere where you can’t find work, which doesn’t help unless you work remote.
That is the true reason, a lot of people mis-identifying themselves as middle class based on the household income but fail to look at how many people they are truly supporting and the location they are living in. Given the city that they are living in, divide up the income by the number people living in the household, is the income by each person truly in the middle? Looking at national average income is pointless and misleading.
I just love how I make more money than my parents ever did and still work my ass off to never afford a house, a car, marriage, food, gas, and everything else. What a fantastic way to live. This world is in trouble and we are all going to burst because we are at a boiling point. Old people hate on us but just wait until it comes to their children not being ablessing to afford their nursing homes or have a home they own to even let their dying parents live in during their final years. It all comes around and goes around at some point.
YES!!! that's exactly her name (Mrs Patricia Vesely ) so many people have recommended highly about her and I'm just starting with her from United States'of America, Florida 🇺🇸
US ''Golden Era'' was from 1945-1975. Many workers were in unions, had good-paying manufacturing jobs and could afford a home. During 1980 Reagan years, his policies hurt unions and allowed good paying jobs to move to Asia and South America where labor is cheap. Counting for inflation, American workers should be making 100,000 per year.
The ironic part is that the rich and powerful wants low/middle income class people to have kids, it's the only way to sustain a cheaper labor force that's easy to control and manipulate. It's one of the main agendas behind anti-abortion.
“Screwed up economy”? The American economy at present is the strongest of all world economies: 1) GDP $29 trillion -largest in 🌍 2) 4.1% unemployment rate 3) 2.3% inflation 4) 16million new jobs since 2020 5) Dow Jones/S&P record territories Your grocery bill is corporate greed post-covid (not even supply-chain related).
They must have to solve housing issue. Housing is no more affordable for the middle class. Corporates and private investors buying houses which increasing the house prices abnormally.
Here is the truth that most people don’t want to hear: the biggest opponent to affordable housing is not corporations or the government, but other people. People buy house(s) as a form of investment that they also happen to live in. Supporting affordable housing measures would bring down the value of their property (because of supply and demand), so they vote in politicians to keep red tape laws in place. Corporations own a very small piece of the pie.
Taxed to earn income, taxed to spend income, taxed on assets. Where does it end? How many times are we going to allow government to tax the same dollar? Do you even agree with the way the government is spending the money they taxed you on?
@@SWAGKINGSBD If you move to UAE better renounce USA citizenship or USA will tax you for working and living overseas as long as you have their citizenship thanks to Obama's FATCA act.
The first step is to admit that the U.S. is an Oligarchy and that neither party has our back. And every presidential candidate has zero intention to help anybody but their corporate donors and themselves.
Nah there’s definitely one party that cares about the average American more than the other. It’s the party that doesn’t approve tax cuts for individuals making over $400k per year
I admitted it a long time ago. George Carlin didn't vote and I don't plan to, either. They're all idiots. The ones who really care have no chance of winning an election (names withheld because I don't want to start an argument).
Welcome to unfettered capitalism. Where you allow for huge legal bribery of your politicians, this is part of what you get. Educated people start their careers with massive debts that takes decades to pay back, credit cards are maxed out and interest rates are usuary. Health insurance and health costs are off the scale and is one of the greatest sources of bankruptcy. Groceries and other areas are the results of corporate focus on the share price for the shareholders and not the customer or the community. You object to paying tax, so services that come with taxes paid in other countries need to be privately funded by you. Biden's government bought the inflation rate to just over 2%, unemployment rate to 4.1% and GDP to over 5%. Gas down to about 2019 prices. Investment in infrastructure, sustainability companies and others bought high paid jobs back to the US and started to repositon the USA as a potential lead in this market against China. We were all envious! But you did not FEEL good. So you ignored the stats, failed to recognise that the President does not control grocery prices, and voted for the convicted felon, probably responsible for about 1 million COVID related deaths through lies and incompetence. However nothing in trumps solution will do anything more than fritter away these advantages and I guess you will FEEL good? Add to that governments are now planning what they will do about the tariffs. The UK government is already developing a plan and I am sure others will. They are also likely to be doing some heavy security planning. Your alliances protected America and also built a market for American goods as well as the rest of us. 🦃
It's nice how people who went to college can not afford things, but those without a college degree have to pay for them. I don't hear any plumbers, fireman, union workers asking for hand outs. Kids today are spoiled.
"The working class often engages in manual labor or service jobs and may face financial instability, focusing more on meeting immediate needs. The middle class typically works in professional or managerial roles with more financial stability, prioritizing long-term goals like education and home ownership. Essentially, the key difference lies in income level, and financial security." Let's face it... The US may not even have a middle class as of today... Meanwhile the corporations get bigger and reports earnings on the billions without any shame.
What’s the matter? Not feeling that American Exceptionalism? This is what happens when you live in a country that exists solely to cater to corporations and the oligarchs who profit most from them.
@@urbanistgod you know that’s a lie, a full tank of gas in Canada is at least $100. And home prices are through the roofs especially in Toronto or anywhere close. How is the middle class strong again?
Terms like middle class are useless. You are either working class or the capitalist class. Do you work for a living or do you own capital and exploit the labor of others for it
I am Canadian I will cross the border into Minnesota(five minute drive) and vote for Harris Walz. If I have to have Trudeau you should suffer as well. Maybe you guys should make voter ID laws.
The high inflation is a significant reason why most retirees have sleepless nights. The increase in prices of everyday items puts them at risk of running out of money. As prices rise, the amount of money retirees can withdraw from their retirement savings also increases. The only solution to this problem is adopting a bitcoin standard
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
I'd recommend SOPHIE LYNN CARRABUS. She is a genius when it comes to diversifying her holdings. You can verify her identity for yourself by looking her up online. She is well knowledgeable about the financial markets.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Corruption is eating away at America Societies with weak governance, laws and institutions that advance humanity do not generate growth and do not change for the better - Nobel laureates Acemoglu, Johnson and Robinson
Progressive and socialist policies are killing the economy. You can’t subsidize everything, including big businesses. They shouldn’t get as much subsidies as they do. Neither should we fund things that aren’t efficient.
Welcome to unfettered capitalism. Where you allow for huge legal bribery of your politicians, this is part of what you get. Educated people start their careers with massive debts that takes decades to pay back, credit cards are maxed out and interest rates are usuary. Health insurance and health costs are off the scale and is one of the greatest sources of bankruptcy. Groceries and other areas are the results of corporate focus on the share price for the shareholders and not the customer or the community. You object to paying tax, so services that come with taxes paid in other countries need to be privately funded by you. Biden's government bought the inflation rate to just over 2%, unemployment rate to 4.1% and GDP to over 5%. Gas down to about 2019 prices. Investment in infrastructure, sustainability companies and others bought high paid jobs back to the US and started to repositon the USA as a potential lead in this market against China. We were all envious! But you did not FEEL good. So you ignored the stats, failed to recognise that the President does not control grocery prices, and voted for the convicted felon, probably responsible for about 1 million COVID related deaths through lies and incompetence. However nothing in trumps solution will do anything more than fritter away these advantages and I guess you will FEEL good? Add to that governments are now planning what they will do about the tariffs. The UK government is already developing a plan and I am sure others will. They are also likely to be doing some heavy security planning. Your alliances protected America and also built a market for American goods as well as the rest of us. 🦃
Incorrect, it's because of the federal reserve existence and policy that is destroying the middle class purchasing power while making the wealthy even richer... CNBC is gaslighting and misdirecting blame
So Obama and Bill Clinton were exercising Reaganomics? Also spending in education and healthcare has gone up not down. We will never find a solution in this country as long as people try to base their attacks on ignorance and partisanship.
Welcome to unfettered capitalism. Where you allow for huge legal bribery of your politicians, this is part of what you get. Educated people start their careers with massive debts that takes decades to pay back, credit cards are maxed out and interest rates are usuary. Health insurance and health costs are off the scale and is one of the greatest sources of bankruptcy. Groceries and other areas are the results of corporate focus on the share price for the shareholders and not the customer or the community. You object to paying tax, so services that come with taxes paid in other countries need to be privately funded by you. Biden's government bought the inflation rate to just over 2%, unemployment rate to 4.1% and GDP to over 5%. Gas down to about 2019 prices. Investment in infrastructure, sustainability companies and others bought high paid jobs back to the US and started to repositon the USA as a potential lead in this market against China. We were all envious! But you did not FEEL good. So you ignored the stats, failed to recognise that the President does not control grocery prices, and voted for the convicted felon, probably responsible for about 1 million COVID related deaths through lies and incompetence. However nothing in trumps solution will do anything more than fritter away these advantages and I guess you will FEEL good? Add to that governments are now planning what they will do about the tariffs. The UK government is already developing a plan and I am sure others will. They are also likely to be doing some heavy security planning. Your alliances protected America and also built a market for American goods as well as the rest of us. 🦃
Get mad and do what exactly? I agree that we’ve become complacent because they keep testing the limits by going beyond set thresholds and we go beyond with it. If you’re saying get mad when they increase prices and instead of paying their new prices we cut back, cut completely out or finding other cheaper options then I agree to get mad and do that.
Healthcare costs are completely out of control. The insurance through my employer costs 20% of my paycheck, has a terrible deductible and copays, and doesn't cover anywhere near enough. I can't afford that so I go without.
30 years with a decent corporate job and helping each company grow. Dumped for outsourced and offshore workers. Same companies still with billions in revenue. Working but staying afloat working 2 jobs. Many co workers doing the same or retired and still needing income to keep up with bills. Remember my dad getting dumped from his manufacturing job in the 80s when his plant got offshored and the family struggling.
Allowing everyone to grow their own produce would be a huge step in food affordability. I can't afford to move from my current townhouse, and the HOA sprays pesticides and won't allow us to plant fruit trees or anything edible. Really wish that was illegal. There is so much unused land.
Yeah, if only producing food was so easy as your comment makes it out to be. There's a reason why industrial farming exists, without it humans do not exist, or 99% anyway.
There are two American Dreams, and they conflict. The first said if you work hard and spend wisely, you can afford to raise a family, buy a home and a car - that dream was available to families like mine when I was a kid and how my steelworker father did just fine for himself and us. The other American Dream is make as much wealth as you can and live as high as you can, no matter how you do it or who you step on to do it but preferably with other peoples money and sweat - the dream that has gradually taken over a whole lot of people.
Well put. We are approaching a system more resembling an oligarchy than a representative democracy. A combination of low information voters and unfettered political money machines (thanks Citizens United) has given rise to a large portion of society worshipping a deadbeat dad like Elon Musk while antagonizing immigrants working multiple low-wage jobs to support their families and provide a better future for their children.
The first one ended back in the 80's. Was fun for our parents and grandparents, living it up in a home they paid for with money from their sock drawer 40 years ago. Second one is where we are right now, but leave the part out for 'make as much wealth as you can by stepping on people' because that's what everyone's doing and they're not making wealth. Brief example: Lived in my last apartment for 15 years, scummy management company kept my lousy $400 deposit, lied in court to keep it, and the judge bought it. Whose idea was that? An underpaid 20-something year old with nothing more than a very expensive MBA. He's doing worse than me.
One of the most beautiful feelings in life is being able to afford everything you need in life. I have tasted what it means to be b r o ke and I can tell it’s not something you wish for anyone. Thanks to Larysa Caba, I don’t have to experience that kind of life anymore. I’m grateful and I will always be.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
We don't have social class in the US, but "middle class" is defined by how you live, not your household income. A household actually living on $53k in 2024 is not even remotely close to middle class. A single person with a modest trust fund and a $53k income might be living a middle class life. But for people with kids that actually support themselves primarily with direct income earned from day jobs? Probably more like $200k.
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Things are getting worse! Low-paying jobs, inflation, and insane rental rates prevent many from saving. Home ownership, a traditional retirement asset, is now out of reach for middle-class Americans.
I'm 62, and rising prices have derailed my retirement plans . I worry that today's economic conditions are more challenging than ever. The stock market's unpredictability, coupled with reduced income and soaring inflation, makes me anxious about having enough for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, ¨Melissa Terri Swayne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
There are advisors in cities around you but I needed services of one who can guide me irrespective of location. ‘Melissa Terri Swayne’ comes highly recommended especially in times like this. I am hedging and haven't lost much to the recession. I found her in 2020 when the market was at an all time low. Look her up and thank me later.
It’s not about the interest rate birdbrain. It’s a combination of the cost of a home plus the rate plus the increase in property tax PLUS the insurance costs. U should know about insurance since Florida has a huge issue with it. Cmon now
Housing prices need to come down. Interest rates will go up and down. That just happens. And that wouldn't be a major issue if housing prices weren't what they were. My parents had an 18% mortgage on their house for a while. That didn't stop them from buying the house. We need not just more houses, but more affordable houses. We need to cut back on building so many HUGE homes. Now, as a home owner myself, on paper a drop in home prices wouldn't be great for my net worth. But I think the thought that it's a loss of money for me is silly. I bought my house for just under $400K years (and years) ago. The property tax people are telling me it is now worth over $800K. If something changed and all of a sudden, it was worth only $600K, I didn't lose $200K. I can't lose something I never actually had. Would that hurt some people, depending on when they bought and when they sell? Yeah, but real estate, like other things, has risks. If the value drops (as it should IMHO), then it drops. Now, I'd prefer it happen slowly over time. But it needs to drop. Of course, the other option is that salaries could go way up... But I don't see that happening...
We could IDK also limit privet equity from buying up all the single family homes, and from being a part of the healthcare system. my neighborhood has more renters then owners. I think limiting big business in all facets will greatly help the average american people.
How much is it in the US. ? I am living in Alberta, Canada. Daycare is about $C1300 a month per child. But after subsidies (provincial + federal) we pay only $C60 a month per child even though our household income is about $C190k or so.
Since people became sue happy suing over the littlest thing at daycares, there is now much liability to watching others kids. Besides if parents want others to watch their kids, their so called most precious thing in their lives, paying for adequate and proper childcare should be a top priority and should not be outsourced as cheap labor.
@@scottishboy872 it varies from state to state. Also, depending on the areas of the state you live in. Another thing that varies is how old your child is in my area. So personally, I have a 4 year old. For her it’s about $1100/month which is 1,400 Canadian dollars. But when she was younger, it was about $1350/month.
@@shannonsollman3509 don’t mind paying for adequate and proper childcare. However, when I’m paying more for daycare than my mortgage (the place my child receives adequate and proper childcare from their parents) that’s when it becomes a problem.
I live in Fort worth Texas, and the prices of houses here have skyrocketed, and just under 20 years ago, you would sell your older home and move to a bigger home but not with these prices for homes. I bought my house in 2015 for $107K, and it's now worth $246k, but to buy a slightly bigger home, it's 380k to 450k.
I moved to the middle of nowhere in the Southeast. Bought a 1400sq ft house in decent condition with two acers outright. Now my only house payment is the property tax which is $350 per year. Utilities are very reasonable. I lose the benefit of being near activities, stores and social networks. I gain having no neighbors for almost a mile, peace and quiet, a yard with which I can whatever I want and no mortgage payment. To do this, I had to leave NY as housing prices and property taxes are out of control. Living near cities was also out of the question since my price range to buy outright was less than most new SUVs. Took two years off of work after selling my business and just planted trees, shrubs and landscaped my once empty two-acre field. I went in this direction because I could see there was no way I could own a house mortgage free without changing my idea of what success meant.
Maybe if we took the pay for health insurance CEOs and shareholders down to a level that the rest of us have to live on, we might see our health care expenses drop.
Businesses want people back in the office which leads to super high rent pricing in metro areas and yet they can’t afford to pay more in salaries despite record profits. Explain that.
One of the biggest reasons the middle class is losing is because workers and families are now expected to shoulder the burdens of retirement, healthcare, education, housing, and childcare. If any 3 of those 5 were within affordability......the middle class could take care of itself.
Trump doesn't care about the middle class. It's why he only gave billionaires tax cuts last time. Why cant the low IQ trumpers understand that they dont matter to him?
The only reason me and my wife can afford to live in a HCOL area is bc my wife gets health coverage for a family of 4 with no deductibles for $15 a paycheck. Working for a profitable hospital has its perks. I was quoted $600 a month through my own company which only covers 80% of cost and has a $2,500 deductible. No wonder the middle class is getting crushed.
I’m living better than I deserve but EVERYTHING is so expensive now. Clothes are insane - sweatshirts for $100, T-shirt’s $35. Groceries are outrageous - $10 for a bag of oranges, good beef is $16/lb.
I get my pants the first week of November sales. Got $35 pants for $10 this year. Makeup I get the 2nd week of Dec or after Christmas sales. Mascara is super expensive but I get it half off and save them and use for the next year.
Another major part of this equation is the middle class debt to income ratio. If you're middle class, with any debt besides your house, you're actually not middle class.
I would like to know how many states outside of the deepest part of the south like Mississippi where $53k is still middle class? $53k after taxes where I live will have you literally in poverty.
New couples can't afford a house on their own and need childcare. Maybe we need to be like other societies where the children live in the same house as the parents just on different floors. This is common in many countries like Egypt, Turkey, etc.
@@santostv. Not really a bad thing. Equally, these people in the 3rd world can't afford to get a house or an apartment. But it is quite demeaning to live like chickens cooped up. Now it depends of course, a house may be big...
Maybe the middle class should stop voting for people who don’t represent their interests. All these problems started in the 80s when Reagan became president. Who the middle class voted into office twice
I don't think this is a difficult problem to solve if we want to solve it. I see these issues that need to be fixed, #1 We need to prevent officers in a company from owning shares in the company as was the case before Reagan; #2 The top marginal tax rate for incomes over around $3 or maybe $4 million a year needs to be greater than 75% as was the case before Reagan, #3 corporate mergers and consolidations not only need to be stopped but reversed and #4 there must be a prohibition on purchasing housing as an investment. Fixing just those 4 things will go a long way towards getting us back on track. Sure there is a ton more to do on top of these but they are a good start.
To be honest Most people don’t want to do what it takes to make above average pay therefore they’ll continue to get average results and struggle. Life is all about sacrifice. Older cars Older houses Older cell phone Minimal eating out Etc Something has to give and most people don’t want to work 55-60+ hours a week and or give up anything Then complain things are going the same but they’re still doing the same?? Makes ZERO sense
No other countries in the world pay doctors for medications as highly as the United States does. This contributes significantly to the unaffordable lifestyles of middle-class Americans.
Middle class should be consider 90k to 180k. The problem with healthcare is that we give them too money. Their spending is out of control they get too much money and they pay their staff too much money that’s why it’s expensive. If we also control the price of real estate people will be able to live a life again.
Welcome to unfettered capitalism. Where you allow for huge legal bribery of your politicians, this is part of what you get. Educated people start their careers with massive debts that takes decades to pay back, credit cards are maxed out and interest rates are usuary. Health insurance and health costs are off the scale and is one of the greatest sources of bankruptcy. Groceries and other areas are the results of corporate focus on the share price for the shareholders and not the customer or the community. You object to paying tax, so services that come with taxes paid in other countries need to be privately funded by you. Biden's government bought the inflation rate to just over 2%, unemployment rate to 4.1% and GDP to over 5%. Gas down to about 2019 prices. Investment in infrastructure, sustainability companies and others bought high paid jobs back to the US and started to repositon the USA as a potential lead in this market against China. We were all envious! But you did not FEEL good. So you ignored the stats, failed to recognise that the President does not control grocery prices, and voted for the convicted felon, probably responsible for about 1 million COVID related deaths through lies and incompetence. However nothing in trumps solution will do anything more than fritter away these advantages and I guess you will FEEL good? Add to that governments are now planning what they will do about the tariffs. The UK government is already developing a plan and I am sure others will. They are also likely to be doing some heavy security planning. Your alliances protected America and also built a market for American goods as well as the rest of us. 🦃
Your country has more people moving to America than the other way around despite a massive population gap. Why don't these people see this "financial nightmare"? Your country is a toilet compared to the US, cry about if if you want.
Welcome to unfettered capitalism. Where you allow for huge legal bribery of your politicians, this is part of what you get. Educated people start their careers with massive debts that takes decades to pay back, credit cards are maxed out and interest rates are usuary. Health insurance and health costs are off the scale and is one of the greatest sources of bankruptcy. Groceries and other areas are the results of corporate focus on the share price for the shareholders and not the customer or the community. You object to paying tax, so services that come with taxes paid in other countries need to be privately funded by you. Biden's government bought the inflation rate to just over 2%, unemployment rate to 4.1% and GDP to over 5%. Gas down to about 2019 prices. Investment in infrastructure, sustainability companies and others bought high paid jobs back to the US and started to repositon the USA as a potential lead in this market against China. We were all envious! But you did not FEEL good. So you ignored the stats, failed to recognise that the President does not control grocery prices, and voted for the convicted felon, probably responsible for about 1 million COVID related deaths through lies and incompetence. However nothing in trumps solution will do anything more than fritter away these advantages and I guess you will FEEL good? Add to that governments are now planning what they will do about the tariffs. The UK government is already developing a plan and I am sure others will. They are also likely to be doing some heavy security planning. Your alliances protected America and also built a market for American goods as well as the rest of us. 🦃
The only thing I'm learning from the comments is that everyone thinks they're middle class lol. If you're scraping by, you're probably not middle class.
“Over the past 40 years, U.S. home prices as tracked by the Freddie Mac House Price Index, have soared a staggering 494%. The 10 states with the biggest home price gains between March 1984 and March 2024 were Washington (828%), Oregon (699%), Rhode Island (668%), Massachusetts (664%), California (664%), Hawaii (639%), Utah (610%), Montana (608%), Idaho (607%), Maine (605%). During that 40-year span, overall inflation rose 203%, while median household incomes rose 233%.”
It has not been that many years ago where if you had a combined salary of close to 6 figures you could afford a nice home, nice cars, have 2 kids, could easily pay bills and the groceries you like and still have disposable income for vacations and dining out. Now, a combined salary of almost twice that you can barely afford the home, cant afford newer cars even used, can barely afford needs for 2 kids, after bills you cant buy groceries items you could 4 years ago, have little disposable income, forget vacations or eating out. Prices on EVERYTHING doubled the past 3+ years, not the 17% inflation media is forced to report. The present administration's actions have been the major cause. I do know that 4 years ago I was much more financially secure than now, most everyone else was as well. That is why long lines for early voting are taking place, no one wants more of the same or worse for another 4 years.
It makes me smile when they say that middle class are households with income of $53k-161k per year. Our household income is $250k (two adults working), and i haven't had a haircut at a salon since covid. I color my own hair. We almost always eat at home, cooking our own meals. We eat at restaurants only while traveling. Our house is not large, just enough for our family. We drive 10 year old cars. We watch prices when we buy anything, looking for better deals. We live in Oregon ( Portland metro). And, we are paying high federal, state, and property taxes because, apparently, we are rich. Maybe in other parts of the county, our income makes you rich, but not here. And, federal government doesn't care you are in Oregon or in Alabama. They tax you at the same rate.
One of the biggest issues, in my view, is that the value of labor has stayed stagnant. If you already have significant wealth to invest, there are plenty of ways to grow it, but if you're depending solely on your job to make a living, it’s tough. When labor’s value doesn’t keep up while investment returns continue to grow, it creates an uneven playing field, allowing wealth to accumulate faster for those who already have it. This makes it harder for people who rely on wages alone to achieve financial security or improve their quality of life, leading to a widening wealth gap and limiting upward mobility.
My utility bill has gone up about 50% from 2-3 years ago. Gas is still high. Insurance is high and only going higher. Food is up. Services are high. My paycheck is the ONLY thing that has NOT gone up. I’d call that a problem. Keep voting them (no matter which party) out until this gets fixed.
Here in AZ, 4 out of 5 energy commissioners are Republicans. These 4 continue to vote for rate hikes. They literally went to Wall St and advertised that AZ is a great state to invest for $.
The american dream was a moment in history, that moment is over, you cannot grow indefinitely. Everyone wants their own house? how do they think that is achievable if not by displacing the old people from their big ass homes to build tiny apartments?
White people in America have a birthrate below the replacement rate. Our race as well as the Japanese, South Koreans, and also Europeans in Europe, especially in Italy are dying out. Their real estate is really cheap. You can buy a house in abandoned villages and towns for $10k-$50k in both countries. There are even houses in Italy for sale for 1 Euro!!!! It was on the news. Our populations are decreasing in number not growing or maintaining continuity. The reason why housing is so expensive Despite our decreasing population it because of all these damn immigrants coming in BOTH illegal AND legal! Communists and leftists are demons for promoting immigration, increasing the supply of buyers in the housing market and the turning around and promoting their evil communism!
Capitalism is the problem. Billionaires are the problem. Blackstone is the problem. IMO neither presidential candidate are talking adequately about this or are willing to tackle the problem.
@@MACH1TIPS I think you know. We keep bailing out capitalism with it every few years… we are currently in a doom loop of exploitation and massive wealth inequality. All of this was predicted by Marx. 🤷♂️
American dream is long gone ….. I went in the US in 2006 as a emigrant from Eastern Europe and after 12 years I returned back home with my new American Romanian family. We are way better here where the ownership of homes is around 96% the highest in the EU and life is good. Gas is expensive compared with the US but the rest is ok
As a single person, I own a 5-bedroom single-family home. I would much rather own an apartment in a dense area, but they simply don't exist in my area and don't have the same subsidies as a single-family home A huge part of the issue is people like me are forced to buy a house that is far larger than we need, using us a lot of space that could fit more people
Being middle class no longer means having a comfortable life. Now, people are expected to meet Instagram's lifestyle standards, with two international trips a year, several cosmetic procedures each month, and the added expenses of housing and childcare.
The problem is companies are posting record profits and keeping all of it. Nothing is trickling down anymore. We are headed for a recession when everything keeps getting more expensive and people don't get COL adjustments to match. Me and my wife stopped paying for ANYTHING we don't have to and we barely get by. We don't eat out, we don't take trips, we drink only water to cut down on grocery prices. We make over 100k combined and struggle to pay bills every month. As far as healthcare, all you have to do is look at the insurance industry but no body will because they have the government in their pockets.
The last few years are the first time I’ve felt that I’ve gone BACKWARDS financially, even though I’ve been doing everything right for many years now! A slight increase in pay will NOT compensate for a rise in housing costs, food, heat, electricity, gas, and every other bill that has gone up!
Housing is high, healthcare (and dental) is unaffordable, transportation takes a disproportionate amount of incomes (car insurance, gas, etc.). Solution: Change ZONING LAWS to allow denser housing and mixed used developments., UNIVERSAL HEALTHCARE, and invest more in public transportation.
I have never made so much money in my life and feel so broke.
you need to cut down calories and gadgets
I’m in the same boat I make more now than I ever had but have half the buying power I had when I made half as much money
🤡🤡🤡
It's printed at your debt and taxed and there's no natural source of it for any citizen beyond constant labor. #goldwins
@@archmad😂😂
If "middle class" is struggling, maybe it's not the middle class anymore and people are just getting poor and the actual middle class is shrinking?
This is the most true statement. When you can't afford the basics you're poor. Nobody wants to say this because everyone wants to think they're middle class.
You may be correct. The definition of middle class made need to be updated.
@@JBoy340a To the working class
Statistically the middle class is shrinking because people make too much money to be considered middle class anymore.
Over the last 30 years about 25% of people in the middle class are now considered upper class. Over that same time span about 12% of the lower class has now become the middle class.
The middle class is shrinking but so is the lower class now. A better critique would be why is it that the lower class is shrinking as quickly as the middle class.
middle class is forever changing dependin on inflation and GDP. ... being borderline poor is what middle class is experiencieng right now
Retirement may be difficult for an increasing number of people. Saving money is difficult due to expensive rents, inflation, and low-paying jobs. These days, middle-class Americans also struggle to own a home, which prevents them from having a place to call home.
My goal to work part-time, save for the future, and retire at age 62 has been affected by the rising costs. Whether or not people who survived the 2008 financial crisis had it easier than I am right now worries me. A decline in salary coupled with stock market volatility is making me worry about whether I'll have enough money for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. 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..
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
The American dream is no longer a house, a car, a spouse, and a couple kids, but to not go hungry without going into debt at the end of the month.
Also, not being killed by gun violence or getting wiped out financially due to healthcare costs.😢
It’s because of illegal immigration
10 million illegal immigrants in the country choking up the housing supply (think supply and demand)
The new American Dream is to move overseas now. America costs are out of control.
@@longbeach225yeah but where? Works only if you’re lucky to work remotely or live off from a passive income.
@@longbeach225
Jokes on you
Uncle jew will tax you even in foreign countries so long you have his citizenship 😂
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
Biden is worst thing that happened to us
TRUMP 2024
Having an FA is the best way to go. Based on a direct encounter with a CFP named Julia Hope Marble I can say with certainty that their skills are excellent. She helped raise over 580,000 in 18 months from an initially stagnant portfolio of 150,000
Fantastic! Can you share more details?
was guided tho..Julia Hope Marble. walked me through the ropes majestically i'ts my ultimate pleasure.
Middle class is being taxed to death. We are also being squeezed by inflation. Too poor to get tax incentives and too rich for government help.
Amen
They need to boost income requirements for government subsidy!
You're only too rich for government help because you keep voting for people who want to get rid of government help. How about making government help available for everyone? Like it is in just about every industrialized country on the planet...there's no shortage of wealth, just hoarding of it.
@@wesh9292 I made 17hr and was too rich made no sense and cost of living is high in NC now
Yes, middle-class Americans are quickly becoming PEASANTS! I fear it won't be much longer before many Americans attach themselves to wealthy land owners as serfs!
An easy solution to ease the housing crisis is to not allow business, corporations, both foreign and domestic from purchasing single family homes. Homes are not and shouldn't be an investment
Additionally, maintain a max amount of homes an individual can own simultaneously. I think 10 was a recently proposed number. In places like Singapore, I think it's like 2 or 3, and their housing markets seem to be working for them. Exceptions should be made for developers, as they're adding inventory, instead of monopolizing existing inventory.
THIS! Homes are for people to live. I hate how its become a money making scheme
Would you say there’s a limit to the size of the company where that kicks in? You do have some Ma and Pa real estate businesses that might just own a few single-family homes in a given area. Would you say that’s OK?
‼️‼️‼️‼️
Show us who's responsible for allowing all this to happen and how do we stop them?
To attain upper-class wealth, a wise individual recognizes that building financial success requires smart investments, strategic tax planning, and informed decision-making. Although the stock market offers growth potential, effectively seizing these opportunities demands both skill and expertise.
Stock investments can offer great potential, but it's essential to approach them with caution. I recommend consulting a financial advisor who can help you determine the optimal times to buy and sell.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
How can I reach this advisor of yours? because I'm seeking for a more effective investment approach on my savings
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds.
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My wife and I will be retiring in the next two years n another country.
We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
What country you moving too?!'m headed to Thailand or the Philippines in 4 years.
@@OsamahMocoI have a sister in Sri Lanka, should be easy for me to settle in
I know this FA, Stephanie Janis Stiefel but only by her reputation at Neuberger Berman
; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since l watched her interview on WSJ last month.
It absolutely does matter who occupies the top job. As the video correctly acknowledged TRUMP cut a 2-year production deal with Saudi Arabia that caused oil prices to rise substantially. This is not a R vs D issue it's a trump issue.
Biden was able to purchase large quantities of oil at a reduced price once trumps disaster deal was term ended. You are correct however, when you suggest that in the normal course of activities and absent undue influence, the person in the 'top job' doesn't generally make a difference. It was merely one self-centered, egotistical, buffoon acting on his own self interests that caused an unexpected disruption to normality.
@@FradAnnerWell her name is 'STEPHANIE JANIS STIEFEL'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
That 53k was 2000-2017~ ( middle class )
Now it's more like 85k-100k~ ( middle class )
That means majority would need to work dual jobs in order to be classified as middle class.
@@alexl.102our household income is 110k pre tax . That’s my wife and I both working two jobs . Lol
Middle class is based on median income ranges not affordability
Specifically, in 2015, when I graduated, this brought to my attention...80k+ what you needed to be making smh...
NY or CA, F'n NO!!!😂😂😂
This is what happens when the entire US is literally for sale at every level possible. Nothing is safe from greed.
Yup we are even conned into paying for water.
Yup. On paper Americans' incomes dwarf most of the world, but we get rekt by monopolies and oligopolies that jack up everything: utilities, insurance, food, childcare, education, you name it.
Everyone thinks they are a hustler now. They even want you to pay to read silly random articles on the web.
The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips
You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime, You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline
money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property, The aid of an institutional or basic financial advisor's cannot be over expressed. I started saving and investing in 1989 at the age of 20... I am 54 today and have 2.2 million in my retirement account, 135k liquid and I trade securities with 50-55k
I'm bombarded with the don't sit on it during the inflation, I wanted to jump in 8/22 and did nothing. So far this year I think I need to get my feet wet but I stopped listening and taking financial advise from UA-camrs, because at the end of the day, I end up with a bunch of confusing stories. Have you always had guidance?
I've shuffled through investment consultants and yes, they can be positively impactful to an individual's portfolio, have been in touch with ‘’Aileen Gertrude Tippy’’ over a decade now her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
CNBC’s ultimate “here’s why you’re poor” lecture while simultaneously failing to hold those responsible accountable. If you guys really cared about these topics you’d ask the hard questions to those directly responsible without bias.
They're journalists, not politicians. Write to your senator.
People, you DESPARATELY NEED to V.C.! *
* V.C.: Vote Correctly.
Pushing this to a senator is great yes but don’t diminish the importance of messaging to a large megaphone like a media outlet has. It’s equally as important to voice yourself here as well
Cool, who's responsible? If you really cared, you'd tell the class who we should be blaming.
No one is talking about the elephant in the room.... illegal immigration.
The cost of childcare has increased by 273% since 1990, yet there's a shortage of childcare workers due to low pay? Gee, who's earning all the money from the increased cost, then?
YES! They need to investigate this asap
businesses? It's private business and can charge whatever they want
Regulation is expensive. Work from home and watch your own kids. Daycare is a trap and a lie sold to you by big government, who needs more taxpayers (women).
Politicians
Yet folks continue to have kids.
I blame the government for what we are going through! It's common sense: prioritize our own country's needs first. Stop sending billions overseas and address the issues we are facing!
Everything including housing and food is CRAZILY out of control. electric too. we are struggling bad
The middle class can no longer afford homes. Prices are just too high.
I’m in Florida and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, poorly built 950 square foot boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
@KevinCollins I’ve seen the same craze in other parts of Florida. It's unbelievable how fast prices have skyrocketed!
Prices keep going up, wages stay low, rising cost of living and inflation which has already eaten deep into my savings. I've had enough! Now, I just want to know how to protect and grow what's left so I can have a better future.
gasoline, and utilities are killing my expenses. electric bill has doubled and we use less electricity than we did last year. each month.
I make pretty decent money and I still don’t turn on my heater unless it’s “off peak” hours.
Is solar an option. We have solar and batteries and have largely eliminated our power bill.
Yup. PGE made the most profit ever last year too. Hmmmm
@@JBoy340a Solar is over. The lobbyists got to the politicians pockets and in Ca we are now operating under NIMS 3.0 which essentially requires batteries which cost too much and don’t last long and the utilities won’t pay you fair market value for the electricity you generate back to the grid anymore. Thats why solar is going bankrupt.
AI and data centers are reducing supply and making the common users pay for it.
53k-161k is a huge range. Too big to be honest.
53k single earner. 161k max for two income earner families. Makes sense.
Cost of living fluctuates dramatically depending on where you live in the US.
well, arguably, middle class household starts at about $100 K now. Yeah it fluctuates with area but I doubt $53K is middle class ANYwhere.
@@Lesrevesdhiver Do some Google searches, you'll find many examples of cities in the US where the median household income is even lower than $53k/year. Mississippi and West Virginia both hover around that number for the entire state. Pay attention to the range for middle class by state, you may be surprised how low the numbers go.
53k? That’s not middle class. Not even close.
It is and certainly can be in many parts of the US. Not in certain parts of certain states but it can be done in many others. The problem is people want to live in Carmel on that money when they need to be in Wichita.
Depends on what state. 53k can easily be middle class in some rural place in Kansas, but in San Francisco it would be considered poor.
That’s not middle glass in NC either , have to go to a random place in the middle of nowhere where you can’t find work, which doesn’t help unless you work remote.
That is the true reason, a lot of people mis-identifying themselves as middle class based on the household income but fail to look at how many people they are truly supporting and the location they are living in. Given the city that they are living in, divide up the income by the number people living in the household, is the income by each person truly in the middle? Looking at national average income is pointless and misleading.
Yeah, sounds like low income for a family. Individuals it sounds fine in some area
I just love how I make more money than my parents ever did and still work my ass off to never afford a house, a car, marriage, food, gas, and everything else. What a fantastic way to live. This world is in trouble and we are all going to burst because we are at a boiling point. Old people hate on us but just wait until it comes to their children not being ablessing to afford their nursing homes or have a home they own to even let their dying parents live in during their final years. It all comes around and goes around at some point.
I Hit 250k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in July 2024
Sounds good, how do you do that? I'm interested, how do I go about getting started?
Do you invest with a broker??I'd appreciate it if you show me how to go about it.
It's Patricia V Vesely doing she's changed my life. A BROKER- like her is what you need.
Her top notch guidance and expertise on digital market changed the game for me.
YES!!! that's exactly her name (Mrs Patricia Vesely ) so many people have recommended highly about her and I'm just starting with her from United States'of America, Florida 🇺🇸
US ''Golden Era'' was from 1945-1975. Many workers were in unions, had good-paying manufacturing jobs and could afford a home. During 1980 Reagan years, his policies hurt unions and allowed good paying jobs to move to Asia and South America where labor is cheap. Counting for inflation, American workers should be making 100,000 per year.
Don't say that all you are just lazy people only hardworking people are lobbyists and the people who inherited billions from their Daddy
Yup he also created for profit prisons. He was truly evil.
Here is the sad truth in this screw up economy. Don’t have kids if you are in the low/mid income class.
I came here to say this.
If they don't have kids, just import immigrants from all over the world. That's how the US was built.
The ironic part is that the rich and powerful wants low/middle income class people to have kids, it's the only way to sustain a cheaper labor force that's easy to control and manipulate. It's one of the main agendas behind anti-abortion.
lol not going to happen that defies human nature.
“Screwed up economy”?
The American economy at present is the strongest of all world economies:
1) GDP $29 trillion -largest in 🌍
2) 4.1% unemployment rate
3) 2.3% inflation
4) 16million new jobs since 2020
5) Dow Jones/S&P record territories
Your grocery bill is corporate greed post-covid (not even supply-chain related).
They must have to solve housing issue. Housing is no more affordable for the middle class. Corporates and private investors buying houses which increasing the house prices abnormally.
It's not just corporate landlords. It's also individuals buying extra homes to rent out.
Here is the truth that most people don’t want to hear: the biggest opponent to affordable housing is not corporations or the government, but other people. People buy house(s) as a form of investment that they also happen to live in. Supporting affordable housing measures would bring down the value of their property (because of supply and demand), so they vote in politicians to keep red tape laws in place. Corporations own a very small piece of the pie.
@@pteranodon6612 You are right but I think corporates are the biggest issue here.
Is crazy how popular this misinformation is.
@@fora1461corporations own only 3-4% of the housing stock. The vast majority is individuals.
Taxed to earn income, taxed to spend income, taxed on assets. Where does it end? How many times are we going to allow government to tax the same dollar? Do you even agree with the way the government is spending the money they taxed you on?
Has long has they leave me alone and i can do whatever i want with in reason, i dont give a dam
Yeah been thinking about moving to the UAE lately, but i’d you want to retire anywhere outside the US will be better
Watch the Market Exit, More Perfect Union, and Second Thought on how rich people evade taxes.
@@SWAGKINGSBD If you move to UAE better renounce USA citizenship or USA will tax you for working and living overseas as long as you have their citizenship thanks to Obama's FATCA act.
@ That’s actually my plan is to get a EU and other viable passport then renounce.
The first step is to admit that the U.S. is an Oligarchy and that neither party has our back. And every presidential candidate has zero intention to help anybody but their corporate donors and themselves.
And the oligarchy aka (juice👃 ) also run cnbc.
Nah there’s definitely one party that cares about the average American more than the other. It’s the party that doesn’t approve tax cuts for individuals making over $400k per year
I admitted it a long time ago. George Carlin didn't vote and I don't plan to, either. They're all idiots. The ones who really care have no chance of winning an election (names withheld because I don't want to start an argument).
Welcome to unfettered capitalism. Where you allow for huge legal bribery of your politicians, this is part of what you get. Educated people start their careers with massive debts that takes decades to pay back, credit cards are maxed out and interest rates are usuary. Health insurance and health costs are off the scale and is one of the greatest sources of bankruptcy. Groceries and other areas are the results of corporate focus on the share price for the shareholders and not the customer or the community. You object to paying tax, so services that come with taxes paid in other countries need to be privately funded by you.
Biden's government bought the inflation rate to just over 2%, unemployment rate to 4.1% and GDP to over 5%. Gas down to about 2019 prices. Investment in infrastructure, sustainability companies and others bought high paid jobs back to the US and started to repositon the USA as a potential lead in this market against China. We were all envious! But you did not FEEL good. So you ignored the stats, failed to recognise that the President does not control grocery prices, and voted for the convicted felon, probably responsible for about 1 million COVID related deaths through lies and incompetence.
However nothing in trumps solution will do anything more than fritter away these advantages and I guess you will FEEL good? Add to that governments are now planning what they will do about the tariffs. The UK government is already developing a plan and I am sure others will. They are also likely to be doing some heavy security planning. Your alliances protected America and also built a market for American goods as well as the rest of us.
🦃
It's nice how people who went to college can not afford things, but those without a college degree have to pay for them. I don't hear any plumbers, fireman, union workers asking for hand outs. Kids today are spoiled.
"The working class often engages in manual labor or service jobs and may face financial instability, focusing more on meeting immediate needs. The middle class typically works in professional or managerial roles with more financial stability, prioritizing long-term goals like education and home ownership. Essentially, the key difference lies in income level, and financial security."
Let's face it... The US may not even have a middle class as of today... Meanwhile the corporations get bigger and reports earnings on the billions without any shame.
What’s the matter? Not feeling that American Exceptionalism? This is what happens when you live in a country that exists solely to cater to corporations and the oligarchs who profit most from them.
Historically speaking the middle class is an anomaly
@@matthewm9261In Canada the middle class is still strong.
Ever been to Russia?
@@urbanistgodfor Indian standards maybe
@@urbanistgod you know that’s a lie, a full tank of gas in Canada is at least $100. And home prices are through the roofs especially in Toronto or anywhere close. How is the middle class strong again?
Terms like middle class are useless. You are either working class or the capitalist class. Do you work for a living or do you own capital and exploit the labor of others for it
If you own your house or trailer or Condo you are lucky.
I am Canadian I will cross the border into Minnesota(five minute drive) and vote for Harris Walz. If I have to have Trudeau you should suffer as well. Maybe you guys should make voter ID laws.
@@Patrick-yh5ydIt's not luck. It's years of sacrifice and saving to afford a house.
A lot of people do both. It's the only way to get ahead.
The high inflation is a significant reason why most retirees have sleepless nights. The increase in prices of everyday items puts them at risk of running out of money. As prices rise, the amount of money retirees can withdraw from their retirement savings also increases. The only solution to this problem is adopting a bitcoin standard
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@PatrickLloyd- I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
I'd recommend SOPHIE LYNN CARRABUS. She is a genius when it comes to diversifying her holdings. You can verify her identity for yourself by looking her up online. She is well knowledgeable about the financial markets.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Most of us living hand to mouth. There is no savings. The job market is still bad. Prices of grocery going up frequently.
Corruption is eating away at America
Societies with weak governance, laws and institutions that advance humanity do not generate growth and do not change for the better - Nobel laureates Acemoglu, Johnson and Robinson
Progressive and socialist policies are killing the economy. You can’t subsidize everything, including big businesses. They shouldn’t get as much subsidies as they do. Neither should we fund things that aren’t efficient.
Welcome to unfettered capitalism. Where you allow for huge legal bribery of your politicians, this is part of what you get. Educated people start their careers with massive debts that takes decades to pay back, credit cards are maxed out and interest rates are usuary. Health insurance and health costs are off the scale and is one of the greatest sources of bankruptcy. Groceries and other areas are the results of corporate focus on the share price for the shareholders and not the customer or the community. You object to paying tax, so services that come with taxes paid in other countries need to be privately funded by you.
Biden's government bought the inflation rate to just over 2%, unemployment rate to 4.1% and GDP to over 5%. Gas down to about 2019 prices. Investment in infrastructure, sustainability companies and others bought high paid jobs back to the US and started to repositon the USA as a potential lead in this market against China. We were all envious! But you did not FEEL good. So you ignored the stats, failed to recognise that the President does not control grocery prices, and voted for the convicted felon, probably responsible for about 1 million COVID related deaths through lies and incompetence.
However nothing in trumps solution will do anything more than fritter away these advantages and I guess you will FEEL good? Add to that governments are now planning what they will do about the tariffs. The UK government is already developing a plan and I am sure others will. They are also likely to be doing some heavy security planning. Your alliances protected America and also built a market for American goods as well as the rest of us.
🦃
I cannot wait for the trickle down!!!! I don't know when, but I've been told it's going to happen.
$53,740 is the minimum to be considered middle class? That doesn't cover rent in most cities.
Huh? My mortgage in a major CA sub is $3,000 a month. Thats $36l a year. How you paying more for rent that that in “most” cities as you claim?
It’s national average, from expensive cities to living in a swamp 😬
@@Anon1mousBut that's a gigantic cut to go towards rent, there are a lot of other living expenses that might not fit in the remaining 18k.
@@Anon1mous $3000 / month mortgage in CA? Bargain! i'll take 3!
@@glitchy_weasel btw, 54000k a year is only 3600 a month after tax in california. so all you have left is 600 for other costs in his example.
Prices are ok if you don’t buy anything
Essentials how will you stop buying? Vegetables, meat, egg, fruits, bread etc.,
Lmao
If you die also no problem, please do so 😂
There are no eggs on sale for Thanksgiving this week. I guess no Friday morning breakfast this year.
@@sxsunda4424 I think he meant if you only paid rent and food
The new American Dream is a winning Powerball ticket. Your lucky day is coming, just keep producing and the struggle will soon be over!
The simpler explanation is just that we've been practicing Reaganomics for 45 years and it has entirely hollowed out the middle class.
And the failure to invest in education, healthcare and infrastructure.
Incorrect, it's because of the federal reserve existence and policy that is destroying the middle class purchasing power while making the wealthy even richer... CNBC is gaslighting and misdirecting blame
So Obama and Bill Clinton were exercising Reaganomics?
Also spending in education and healthcare has gone up not down.
We will never find a solution in this country as long as people try to base their attacks on ignorance and partisanship.
Do you mean an actor was not a great politician?
Welcome to unfettered capitalism. Where you allow for huge legal bribery of your politicians, this is part of what you get. Educated people start their careers with massive debts that takes decades to pay back, credit cards are maxed out and interest rates are usuary. Health insurance and health costs are off the scale and is one of the greatest sources of bankruptcy. Groceries and other areas are the results of corporate focus on the share price for the shareholders and not the customer or the community. You object to paying tax, so services that come with taxes paid in other countries need to be privately funded by you.
Biden's government bought the inflation rate to just over 2%, unemployment rate to 4.1% and GDP to over 5%. Gas down to about 2019 prices. Investment in infrastructure, sustainability companies and others bought high paid jobs back to the US and started to repositon the USA as a potential lead in this market against China. We were all envious! But you did not FEEL good. So you ignored the stats, failed to recognise that the President does not control grocery prices, and voted for the convicted felon, probably responsible for about 1 million COVID related deaths through lies and incompetence.
However nothing in trumps solution will do anything more than fritter away these advantages and I guess you will FEEL good? Add to that governments are now planning what they will do about the tariffs. The UK government is already developing a plan and I am sure others will. They are also likely to be doing some heavy security planning. Your alliances protected America and also built a market for American goods as well as the rest of us.
🦃
Everyone needs to get mad. We're all too complacent about this.
Get mad and do what exactly? I agree that we’ve become complacent because they keep testing the limits by going beyond set thresholds and we go beyond with it. If you’re saying get mad when they increase prices and instead of paying their new prices we cut back, cut completely out or finding other cheaper options then I agree to get mad and do that.
@@kemi1486yes, I think that’s what they meant lol
French revolution doesn't work anymore, we need a different approach that doesn't require mass conscription.
Take away the tax breaks for corporate owned residential housing.
That’s a myth
It’s because of illegal immigration
10 million illegal immigrants in the country choking up the housing supply (think supply and demand)
and who do you think pays for that? the renter.
@@ST-rj8iu No tax breaks and they'll dump them. Let people buy them
@@dougsheldon5560 garbage. they will absolutely keep them. you cannot print more land. you can print more money
Healthcare costs are completely out of control. The insurance through my employer costs 20% of my paycheck, has a terrible deductible and copays, and doesn't cover anywhere near enough. I can't afford that so I go without.
30 years with a decent corporate job and helping each company grow. Dumped for outsourced and offshore workers. Same companies still with billions in revenue. Working but staying afloat working 2 jobs. Many co workers doing the same or retired and still needing income to keep up with bills. Remember my dad getting dumped from his manufacturing job in the 80s when his plant got offshored and the family struggling.
Offshoring destroys American jobs
@@boe4534 outsourcing too.
Allowing everyone to grow their own produce would be a huge step in food affordability.
I can't afford to move from my current townhouse, and the HOA sprays pesticides and won't allow us to plant fruit trees or anything edible.
Really wish that was illegal. There is so much unused land.
They care about looking pretty yards are more important than cancer rates.
Yeah, if only producing food was so easy as your comment makes it out to be. There's a reason why industrial farming exists, without it humans do not exist, or 99% anyway.
I be damned, some things are god giving rights ,,
I think regardless of who’s elected now or in the future, it won’t improve much. The government has been in a spending deficit for over 30 years now
Bidenonmics baby!
I agree with you.
This has nothing at all to do with the deficit.
@@yellowcard7139 More like 45 years of Reaganomics.
@@utkphilobio yes it does, everything in any country always boils down to money
There are two American Dreams, and they conflict. The first said if you work hard and spend wisely, you can afford to raise a family, buy a home and a car - that dream was available to families like mine when I was a kid and how my steelworker father did just fine for himself and us. The other American Dream is make as much wealth as you can and live as high as you can, no matter how you do it or who you step on to do it but preferably with other peoples money and sweat - the dream that has gradually taken over a whole lot of people.
Well put. We are approaching a system more resembling an oligarchy than a representative democracy. A combination of low information voters and unfettered political money machines (thanks Citizens United) has given rise to a large portion of society worshipping a deadbeat dad like Elon Musk while antagonizing immigrants working multiple low-wage jobs to support their families and provide a better future for their children.
The first one ended back in the 80's. Was fun for our parents and grandparents, living it up in a home they paid for with money from their sock drawer 40 years ago. Second one is where we are right now, but leave the part out for 'make as much wealth as you can by stepping on people' because that's what everyone's doing and they're not making wealth. Brief example: Lived in my last apartment for 15 years, scummy management company kept my lousy $400 deposit, lied in court to keep it, and the judge bought it. Whose idea was that? An underpaid 20-something year old with nothing more than a very expensive MBA. He's doing worse than me.
Get Rid Of Both Parties!!!
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I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
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We don't have social class in the US, but "middle class" is defined by how you live, not your household income. A household actually living on $53k in 2024 is not even remotely close to middle class.
A single person with a modest trust fund and a $53k income might be living a middle class life. But for people with kids that actually support themselves primarily with direct income earned from day jobs? Probably more like $200k.
Ở Việt Nam chúng tôi có câu nói "Nếu sinh con chỉ để đứa trẻ kế thừa sự khó khăn, cơ cực, nghèo đói...của bạn, thì việc không sinh con cũng được xem là hành vi lương thiện"😢😢😢
The American Dream is now the The American Nightmare!
Cody Rhodes!!!!!
The American nightmare sounds about right, maybe we could elect a president like trump to get us back on track
@@SuperBabyMario0C "I beat Ric Flair 25,000 times in a row!!!" 😆 🤣 😂
It was just a dream. They shook the bed and woke us up to reality.
You should ask why millions of immigrants are still trying to come though.
Things are getting worse! Low-paying jobs, inflation, and insane rental rates prevent many from saving. Home ownership, a traditional retirement asset, is now out of reach for middle-class Americans.
I'm 62, and rising prices have derailed my retirement plans . I worry that today's economic conditions are more challenging than ever. The stock market's unpredictability, coupled with reduced income and soaring inflation, makes me anxious about having enough for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000
Mind if I ask you to recommend this particular coach you using their service?
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, ¨Melissa Terri Swayne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
There are advisors in cities around you but I needed services of one who can guide me irrespective of location. ‘Melissa Terri Swayne’ comes highly recommended especially in times like this. I am hedging and haven't lost much to the recession. I found her in 2020 when the market was at an all time low. Look her up and thank me later.
It’s not about the interest rate birdbrain. It’s a combination of the cost of a home plus the rate plus the increase in property tax PLUS the insurance costs. U should know about insurance since Florida has a huge issue with it. Cmon now
They missed discussing the cost of college!
they actually have in other video
Housing prices need to come down. Interest rates will go up and down. That just happens. And that wouldn't be a major issue if housing prices weren't what they were. My parents had an 18% mortgage on their house for a while. That didn't stop them from buying the house.
We need not just more houses, but more affordable houses. We need to cut back on building so many HUGE homes.
Now, as a home owner myself, on paper a drop in home prices wouldn't be great for my net worth. But I think the thought that it's a loss of money for me is silly. I bought my house for just under $400K years (and years) ago. The property tax people are telling me it is now worth over $800K. If something changed and all of a sudden, it was worth only $600K, I didn't lose $200K. I can't lose something I never actually had.
Would that hurt some people, depending on when they bought and when they sell? Yeah, but real estate, like other things, has risks. If the value drops (as it should IMHO), then it drops.
Now, I'd prefer it happen slowly over time. But it needs to drop.
Of course, the other option is that salaries could go way up... But I don't see that happening...
That’s a myth
It’s because of illegal immigration
10 million illegal immigrants in the country choking up the housing supply (think supply and demand)
We could IDK also limit privet equity from buying up all the single family homes, and from being a part of the healthcare system. my neighborhood has more renters then owners. I think limiting big business in all facets will greatly help the average american people.
It is unaffordable globally. Everywhere on this planet, prices have gone through the roof.
there is no middle class anymore
Childcare is the biggest issue. Daycare pricing is outrageous!
How much is it in the US. ? I am living in Alberta, Canada. Daycare is about $C1300 a month per child. But after subsidies (provincial + federal) we pay only $C60 a month per child even though our household income is about $C190k or so.
Thank God a democrat is in office to help with that!
Since people became sue happy suing over the littlest thing at daycares, there is now much liability to watching others kids. Besides if parents want others to watch their kids, their so called most precious thing in their lives, paying for adequate and proper childcare should be a top priority and should not be outsourced as cheap labor.
@@scottishboy872 it varies from state to state. Also, depending on the areas of the state you live in.
Another thing that varies is how old your child is in my area.
So personally, I have a 4 year old. For her it’s about $1100/month which is 1,400 Canadian dollars.
But when she was younger, it was about $1350/month.
@@shannonsollman3509 don’t mind paying for adequate and proper childcare. However, when I’m paying more for daycare than my mortgage (the place my child receives adequate and proper childcare from their parents) that’s when it becomes a problem.
If you think this is bad, do another version for Canada
Remember people this is before corporate America can fire most people when AI gets good enough.
I live in Fort worth Texas, and the prices of houses here have skyrocketed, and just under 20 years ago, you would sell your older home and move to a bigger home but not with these prices for homes. I bought my house in 2015 for $107K, and it's now worth $246k, but to buy a slightly bigger home, it's 380k to 450k.
I moved to the middle of nowhere in the Southeast. Bought a 1400sq ft house in decent condition with two acers outright. Now my only house payment is the property tax which is $350 per year. Utilities are very reasonable. I lose the benefit of being near activities, stores and social networks. I gain having no neighbors for almost a mile, peace and quiet, a yard with which I can whatever I want and no mortgage payment. To do this, I had to leave NY as housing prices and property taxes are out of control. Living near cities was also out of the question since my price range to buy outright was less than most new SUVs. Took two years off of work after selling my business and just planted trees, shrubs and landscaped my once empty two-acre field. I went in this direction because I could see there was no way I could own a house mortgage free without changing my idea of what success meant.
This is just willing going back to the poor class 😂, you did not just faild, you willingly surrender.
Never tell anyone where you live, that causes future overpopulation and corporations to buy up the property.
Come to Canada if you want to see what unaffordable means!
My chef had to move out of Canada bc it was to expensive he said... don't the govt also help you off urself like wtf
THIS^ Canada is F***ED
free healthcare my A$$ - people die waiting in the ER room, but its free 😵💫
Well said! As if the cold and snow weren’t enough! Ugh!! No thanks.
says the country whose taxes pay for their healthcare
Maybe if we took the pay for health insurance CEOs and shareholders down to a level that the rest of us have to live on, we might see our health care expenses drop.
This makes the assumption that The Middle Class still exists. They don't.
Businesses want people back in the office which leads to super high rent pricing in metro areas and yet they can’t afford to pay more in salaries despite record profits. Explain that.
One of the biggest reasons the middle class is losing is because workers and families are now expected to shoulder the burdens of retirement, healthcare, education, housing, and childcare. If any 3 of those 5 were within affordability......the middle class could take care of itself.
It feels like you're thwarted at every turn
Don't have kids you can't afford. Stop re electing the same you know whats.
The democrats are looking out for the little guy, ask Nancy Pelosi.
@totallysawthat LoL.
Trump doesn't care about the middle class. It's why he only gave billionaires tax cuts last time. Why cant the low IQ trumpers understand that they dont matter to him?
I wish the solution was this simple and easy lol
@@suoutubez19 Well, it'll help at least.
The fed takes 20-30% of your check.
Huh? When’d you last look at your paycheck? You don’t know what you’re talking about.
@@Anon1mous www.irs.gov/filing/federal-income-tax-rates-and-brackets
more like 40%
it's 34%
You fundamentally have no idea what the fed is. Get off the internet and start reading books.
The only reason me and my wife can afford to live in a HCOL area is bc my wife gets health coverage for a family of 4 with no deductibles for $15 a paycheck. Working for a profitable hospital has its perks. I was quoted $600 a month through my own company which only covers 80% of cost and has a $2,500 deductible. No wonder the middle class is getting crushed.
I’m living better than I deserve but EVERYTHING is so expensive now. Clothes are insane - sweatshirts for $100, T-shirt’s $35. Groceries are outrageous - $10 for a bag of oranges, good beef is $16/lb.
For T-shirts, I just buy blank shirts from craft stores. They typically go on sale for less than $5.
I get my pants the first week of November sales. Got $35 pants for $10 this year. Makeup I get the 2nd week of Dec or after Christmas sales. Mascara is super expensive but I get it half off and save them and use for the next year.
Another major part of this equation is the middle class debt to income ratio. If you're middle class, with any debt besides your house, you're actually not middle class.
I've been trying to explain this to people. DTI effects your class just as much as income
I would like to know how many states outside of the deepest part of the south like Mississippi where $53k is still middle class? $53k after taxes where I live will have you literally in poverty.
Yup 53k is nothing these days
New couples can't afford a house on their own and need childcare. Maybe we need to be like other societies where the children live in the same house as the parents just on different floors. This is common in many countries like Egypt, Turkey, etc.
I hear u but many parents like mine still work they are still 7 yrs from retirement...no way they would have been able to assist with childcare
@@tiamarie1226 how about your grandparents or aunts and uncles.
I think you guys in the USA are too individualistic for that
@@santostv. Not really a bad thing. Equally, these people in the 3rd world can't afford to get a house or an apartment. But it is quite demeaning to live like chickens cooped up. Now it depends of course, a house may be big...
@@thewingedringer in Asia maybe but not usually in latin America,Africa,southern and Eastern Europe.
I was running short of money every month as a retiree on a fixed income. I'm doing much better (in many ways) since relocating to Thailand.
Maybe the middle class should stop voting for people who don’t represent their interests. All these problems started in the 80s when Reagan became president. Who the middle class voted into office twice
And maybe you and others should give up those welfare benefits from those who dont represent you anyway. Do that or else...
Trickle down on me Great Titan of industry
Who would you rather support large corporations or low income families.
I don't think this is a difficult problem to solve if we want to solve it. I see these issues that need to be fixed, #1 We need to prevent officers in a company from owning shares in the company as was the case before Reagan; #2 The top marginal tax rate for incomes over around $3 or maybe $4 million a year needs to be greater than 75% as was the case before Reagan, #3 corporate mergers and consolidations not only need to be stopped but reversed and #4 there must be a prohibition on purchasing housing as an investment. Fixing just those 4 things will go a long way towards getting us back on track. Sure there is a ton more to do on top of these but they are a good start.
The US government should periodize its citizens needs over funding foreign conflicts, especially during tough times..
Clearly a bot account, cant even spell prioritize correctly.
@@yuriydee I see..how you used your time wisely
Big corporations owned houses in my neighborhood, and they are for rentals. In my community 200 homes, may be about 10% are owned by the home owners.
To be honest
Most people don’t want to do what it takes to make above average pay therefore they’ll continue to get average results and struggle. Life is all about sacrifice.
Older cars
Older houses
Older cell phone
Minimal eating out
Etc
Something has to give and most people don’t want to work 55-60+ hours a week and or give up anything
Then complain things are going the same but they’re still doing the same??
Makes ZERO sense
No other countries in the world pay doctors for medications as highly as the United States does. This contributes significantly to the unaffordable lifestyles of middle-class Americans.
Middle class should be consider 90k to 180k. The problem with healthcare is that we give them too money. Their spending is out of control they get too much money and they pay their staff too much money that’s why it’s expensive. If we also control the price of real estate people will be able to live a life again.
Welcome to unfettered capitalism. Where you allow for huge legal bribery of your politicians, this is part of what you get. Educated people start their careers with massive debts that takes decades to pay back, credit cards are maxed out and interest rates are usuary. Health insurance and health costs are off the scale and is one of the greatest sources of bankruptcy. Groceries and other areas are the results of corporate focus on the share price for the shareholders and not the customer or the community. You object to paying tax, so services that come with taxes paid in other countries need to be privately funded by you.
Biden's government bought the inflation rate to just over 2%, unemployment rate to 4.1% and GDP to over 5%. Gas down to about 2019 prices. Investment in infrastructure, sustainability companies and others bought high paid jobs back to the US and started to repositon the USA as a potential lead in this market against China. We were all envious! But you did not FEEL good. So you ignored the stats, failed to recognise that the President does not control grocery prices, and voted for the convicted felon, probably responsible for about 1 million COVID related deaths through lies and incompetence.
However nothing in trumps solution will do anything more than fritter away these advantages and I guess you will FEEL good? Add to that governments are now planning what they will do about the tariffs. The UK government is already developing a plan and I am sure others will. They are also likely to be doing some heavy security planning. Your alliances protected America and also built a market for American goods as well as the rest of us.
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as someone living outside usa i dont see the American dream but a financial nightmare that is keeps getting worse and worse
Your country has more people moving to America than the other way around despite a massive population gap. Why don't these people see this "financial nightmare"? Your country is a toilet compared to the US, cry about if if you want.
Welcome to unfettered capitalism. Where you allow for huge legal bribery of your politicians, this is part of what you get. Educated people start their careers with massive debts that takes decades to pay back, credit cards are maxed out and interest rates are usuary. Health insurance and health costs are off the scale and is one of the greatest sources of bankruptcy. Groceries and other areas are the results of corporate focus on the share price for the shareholders and not the customer or the community. You object to paying tax, so services that come with taxes paid in other countries need to be privately funded by you.
Biden's government bought the inflation rate to just over 2%, unemployment rate to 4.1% and GDP to over 5%. Gas down to about 2019 prices. Investment in infrastructure, sustainability companies and others bought high paid jobs back to the US and started to repositon the USA as a potential lead in this market against China. We were all envious! But you did not FEEL good. So you ignored the stats, failed to recognise that the President does not control grocery prices, and voted for the convicted felon, probably responsible for about 1 million COVID related deaths through lies and incompetence.
However nothing in trumps solution will do anything more than fritter away these advantages and I guess you will FEEL good? Add to that governments are now planning what they will do about the tariffs. The UK government is already developing a plan and I am sure others will. They are also likely to be doing some heavy security planning. Your alliances protected America and also built a market for American goods as well as the rest of us.
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It is a shakedown economy. Land of the Slave and Home of the Fee
Tax the mega churches and billionaires 😊
The only thing I'm learning from the comments is that everyone thinks they're middle class lol. If you're scraping by, you're probably not middle class.
“Over the past 40 years, U.S. home prices as tracked by the Freddie Mac House Price Index, have soared a staggering 494%.
The 10 states with the biggest home price gains between March 1984 and March 2024 were Washington (828%), Oregon (699%), Rhode Island (668%), Massachusetts (664%), California (664%), Hawaii (639%), Utah (610%), Montana (608%), Idaho (607%), Maine (605%).
During that 40-year span, overall inflation rose 203%, while median household incomes rose 233%.”
Inflation has ruined their dreams.
It has not been that many years ago where if you had a combined salary of close to 6 figures you could afford a nice home, nice cars, have 2 kids, could easily pay bills and the groceries you like and still have disposable income for vacations and dining out. Now, a combined salary of almost twice that you can barely afford the home, cant afford newer cars even used, can barely afford needs for 2 kids, after bills you cant buy groceries items you could 4 years ago, have little disposable income, forget vacations or eating out. Prices on EVERYTHING doubled the past 3+ years, not the 17% inflation media is forced to report. The present administration's actions have been the major cause. I do know that 4 years ago I was much more financially secure than now, most everyone else was as well. That is why long lines for early voting are taking place, no one wants more of the same or worse for another 4 years.
It makes me smile when they say that middle class are households with income of $53k-161k per year. Our household income is $250k (two adults working), and i haven't had a haircut at a salon since covid. I color my own hair. We almost always eat at home, cooking our own meals. We eat at restaurants only while traveling. Our house is not large, just enough for our family. We drive 10 year old cars. We watch prices when we buy anything, looking for better deals. We live in Oregon ( Portland metro).
And, we are paying high federal, state, and property taxes because, apparently, we are rich.
Maybe in other parts of the county, our income makes you rich, but not here. And, federal government doesn't care you are in Oregon or in Alabama. They tax you at the same rate.
One of the biggest issues, in my view, is that the value of labor has stayed stagnant. If you already have significant wealth to invest, there are plenty of ways to grow it, but if you're depending solely on your job to make a living, it’s tough. When labor’s value doesn’t keep up while investment returns continue to grow, it creates an uneven playing field, allowing wealth to accumulate faster for those who already have it. This makes it harder for people who rely on wages alone to achieve financial security or improve their quality of life, leading to a widening wealth gap and limiting upward mobility.
My utility bill has gone up about 50% from 2-3 years ago. Gas is still high. Insurance is high and only going higher. Food is up. Services are high. My paycheck is the ONLY thing that has NOT gone up. I’d call that a problem. Keep voting them (no matter which party) out until this gets fixed.
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Here in AZ, 4 out of 5 energy commissioners are Republicans.
These 4 continue to vote for rate hikes.
They literally went to Wall St and advertised that AZ is a great state to invest for $.
The american dream was a moment in history, that moment is over, you cannot grow indefinitely. Everyone wants their own house? how do they think that is achievable if not by displacing the old people from their big ass homes to build tiny apartments?
White people in America have a birthrate below the replacement rate. Our race as well as the Japanese, South Koreans, and also Europeans in Europe, especially in Italy are dying out. Their real estate is really cheap. You can buy a house in abandoned villages and towns for $10k-$50k in both countries. There are even houses in Italy for sale for 1 Euro!!!! It was on the news. Our populations are decreasing in number not growing or maintaining continuity. The reason why housing is so expensive Despite our decreasing population it because of all these damn immigrants coming in BOTH illegal AND legal! Communists and leftists are demons for promoting immigration, increasing the supply of buyers in the housing market and the turning around and promoting their evil communism!
Capitalism is the problem. Billionaires are the problem. Blackstone is the problem. IMO neither presidential candidate are talking adequately about this or are willing to tackle the problem.
What do you suggest over capitalism? Ill wait.
@@MACH1TIPS I think you know. We keep bailing out capitalism with it every few years… we are currently in a doom loop of exploitation and massive wealth inequality. All of this was predicted by Marx. 🤷♂️
@@MACH1TIPSdemocratic socialism
Because they’re rich.
Ah like Venezuela or Cuba?
American dream is long gone ….. I went in the US in 2006 as a emigrant from Eastern Europe and after 12 years I returned back home with my new American Romanian family. We are way better here where the ownership of homes is around 96% the highest in the EU and life is good. Gas is expensive compared with the US but the rest is ok
As a single person, I own a 5-bedroom single-family home. I would much rather own an apartment in a dense area, but they simply don't exist in my area and don't have the same subsidies as a single-family home
A huge part of the issue is people like me are forced to buy a house that is far larger than we need, using us a lot of space that could fit more people
The middle class is a nonsense idea.
Being middle class no longer means having a comfortable life. Now, people are expected to meet Instagram's lifestyle standards, with two international trips a year, several cosmetic procedures each month, and the added expenses of housing and childcare.
Too many people are moving to only a few states so that will drive prices higher. Supply and demand
Yes i wish ppl wld stay away frlm texas lol 😂 property taxes are high here
@ too late Pandora’s box is opened
The problem is companies are posting record profits and keeping all of it. Nothing is trickling down anymore. We are headed for a recession when everything keeps getting more expensive and people don't get COL adjustments to match. Me and my wife stopped paying for ANYTHING we don't have to and we barely get by. We don't eat out, we don't take trips, we drink only water to cut down on grocery prices. We make over 100k combined and struggle to pay bills every month.
As far as healthcare, all you have to do is look at the insurance industry but no body will because they have the government in their pockets.
The last few years are the first time I’ve felt that I’ve gone BACKWARDS financially, even though I’ve been doing everything right for many years now!
A slight increase in pay will NOT compensate for a rise in housing costs, food, heat, electricity, gas, and every other bill that has gone up!
Housing is high, healthcare (and dental) is unaffordable, transportation takes a disproportionate amount of incomes (car insurance, gas, etc.). Solution: Change ZONING LAWS to allow denser housing and mixed used developments., UNIVERSAL HEALTHCARE, and invest more in public transportation.