Why Americans Are Facing New Financial Realities | WSJ

Поділитися
Вставка
  • Опубліковано 27 вер 2024
  • The coronavirus pandemic has forced many Americans to accept new financial realities. WSJ’s Shelby Holliday traveled to a diverse neighborhood in Philadelphia to learn how neighbors are facing different struggles brought on by the same virus. Photo: Adam Falk/The Wall Street Journal
    More from the Wall Street Journal:
    Visit WSJ.com: www.wsj.com
    Visit the WSJ Video Center: wsj.com/video
    On Facebook: / videos
    On Twitter: / wsj
    On Snapchat: on.wsj.com/2ra...
    #WSJ #Economy

КОМЕНТАРІ • 752

  • @QuestionEverythingButWHY
    @QuestionEverythingButWHY 3 роки тому +439

    "Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor"
    --James Baldwin

    • @MK-xn6qx
      @MK-xn6qx 3 роки тому +9

      Not true, its not expensive to be poor, it sucks to be poor.
      If you see statistically, middle class or upper middle class like us pay high taxes.
      Rich people know how to invest money tax free, cus they have lawyers to guide them.
      Best example is Amazon, they pay little to no Fed tax cus they re-invest their profits into research & development within their company.
      A normal business owner cannot do that.

    • @kimberly6211
      @kimberly6211 3 роки тому +4

      I know it sucks to be poor. It costs too much. You can't do what you want to do financially.

    • @soraya.e5482
      @soraya.e5482 3 роки тому +18

      @@MK-xn6qx you obviously never heard of the poverty cycle. That the system set up to keep the poor down and poor it really is expensive to be poor. It’s easier to be upper middle class or well off.

    • @MK-xn6qx
      @MK-xn6qx 3 роки тому +3

      @@soraya.e5482 Can't complain like poor people but it sucks to be paying 20K just in Fed taxes and getting no refunds. That's what is the life of a person who thinks is making more but end up paying more taxes cus he/she cannot include deductible.. especially when single or married filing separately.
      There is no denying that Poor people are stuck in this cycle and have no access to anything good. Actually it sucks to be anyone except a millionaire, Billionaire.. they make more, they have good tax accountants, good way to evade law etc. seem like Law applies to only us

    • @soraya.e5482
      @soraya.e5482 3 роки тому

      @@MK-xn6qx your right being billionaire or millionaire is the best. But since that is like 1 percent and not what most people are if I had to choose middle class vs poor i would choose middle class every single time. Because when your in middle class you have some chance of a better life. But when your poor. It’s almost as if there is no way out and your children will be the same.

  • @alexeialeksandr7606
    @alexeialeksandr7606 3 роки тому +125

    The problem with this recession is the amount of older professionals that won't be able to get back into their profession. Also, this will led to even more wage stagnation and disparity.

    • @tamekaosabutey-aguedje411
      @tamekaosabutey-aguedje411 3 роки тому +4

      I'm worried my kids will take care of us as we age and choose not to have kids. They already talk about it even though have a pension and 403b!! They are worried in their 20s

    • @realdeal139
      @realdeal139 3 роки тому +2

      @@tamekaosabutey-aguedje411we shouldn’t burden our kids to take care of us. We must do what we have to, to take care of ourselves and let them live their own lives

    • @donm2067
      @donm2067 3 роки тому +1

      Well your generation f@cked up and sleep walked into this. This garbage should have been fixed in the 90s, but I guess its up to us younger people to do it.

  • @herbharris8775
    @herbharris8775 3 роки тому +469

    I'm tired of calling this a recession,this is a depression over 30 million unemployed isn't a recession.

    • @sarahbrooklyn6895
      @sarahbrooklyn6895 3 роки тому +27

      Our biggest pandemic right now is our government, they don't care about us😭😭

    • @owenrodrigo1291
      @owenrodrigo1291 3 роки тому +40

      I think the pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn't mean security.

    • @millionairemindset-jayfron191
      @millionairemindset-jayfron191 3 роки тому +5

      Political parasite playing politics with people's life they don't care.

    • @josegalindez2080
      @josegalindez2080 3 роки тому +4

      My advice to everyone right now is to invest in cryptocurrency💲as it's more profitable.

    • @martins7359
      @martins7359 3 роки тому +10

      All this is just a game,shame on the government in how they just simply play with all of us American citizens,is all a joke

  • @TahtahmesDiary
    @TahtahmesDiary 3 роки тому +248

    Meanwhile the government bickers endlessly about whether to give us pennies or nothing at all. Heartbreaking, this reality.

    • @karmag4244
      @karmag4244 3 роки тому +26

      And keep funding pretend wars & give billions to countries like Israel

    • @MsLee-oh7hy
      @MsLee-oh7hy 3 роки тому +11

      Yes!!! Other countries government give stimulus checks to their citizens every month!

    • @lunaazule1899
      @lunaazule1899 3 роки тому +5

      While they hem and ha living lavishly on our tax dollars. Dems act stupid while Republicans act greedy.

    • @mariahsmom9457
      @mariahsmom9457 3 роки тому +8

      And Tom Brady collected small business money through CARES. cos hes not rich enough. ✌🏽

    • @joeblow1115
      @joeblow1115 3 роки тому +3

      So true.

  • @TheKTJS
    @TheKTJS 3 роки тому +246

    No one should have to work 4 jobs.

    • @GeorgeFitness-yo8bl
      @GeorgeFitness-yo8bl 3 роки тому +3

      I did it for 15 years and retied at 55!

    • @GeorgeFitness-yo8bl
      @GeorgeFitness-yo8bl 3 роки тому +7

      @@edwardphilips6184 Pension dividend sticker.ETfs , mutual funds and still making 6 figures part time work. People talk too much and do nothing

    • @countgreg95
      @countgreg95 3 роки тому +1

      @@GeorgeFitness-yo8bl do you have a marriage, see your kids, etc?

    • @GeorgeFitness-yo8bl
      @GeorgeFitness-yo8bl 3 роки тому +2

      @@countgreg95 Yes full life and now great retirement

    • @naomiwilliams8850
      @naomiwilliams8850 3 роки тому +1

      @@GeorgeFitness-yo8bl how many hours did you work each week?

  • @Je.rone_
    @Je.rone_ 3 роки тому +298

    It's only been 9 months? It feels like a life time

    • @87channels
      @87channels 3 роки тому +10

      It's a life time for a fetus

    • @AyyoShyGurlTv
      @AyyoShyGurlTv 3 роки тому +3

      Especially if you’re not white.... 💯

    • @paulk9985
      @paulk9985 3 роки тому +4

      @@AyyoShyGurlTv OMG. Pathetic.

    • @dannybaldwin7343
      @dannybaldwin7343 3 роки тому +1

      Yes For Black Americans 🤔

    • @acajudi100
      @acajudi100 3 роки тому

      $25K to every household, and $2K per month for training and working at home. God knows what you greedy
      and evil demons have done worldwide, and Karma never loses an address. We reap what we sow, so treat EVERYONE, the
      way you want to be treated. Stop pissing on our legs, and telling us, that it is rain. Money talks and chatty and lying BS walks.
      Do the right thing!

  • @Striker50_
    @Striker50_ 3 роки тому +72

    Would you look at that??? $3+ trillion to Corporations doesn't benefit the average person

    • @temich1985
      @temich1985 3 роки тому +6

      Its all about keeping shareholders happy.

    • @lunaazule1899
      @lunaazule1899 3 роки тому +5

      But it benefits the rich. Republican's know to screw their fellow Americans while holding themselves above the law.

    • @garywjensen1
      @garywjensen1 3 роки тому

      @@lunaazule1899 Unfortunately, it is the Democrats that are the rich! Amazon Bezos, Microsoft Gates, the owners of Facebook, Google, and others in the tech industry. You are looking at the wrong people. Why are they not giving you an equitable share of $6,000.00 since this will cost you over $6, 051 dollars divided among the 300,500,000 population of the USA! You need to tell Pelosi top stop shipping the money elsewhere across the world, and sending some back to her in kickbacks.

    • @guppy0112
      @guppy0112 3 роки тому

      But these corporations are owned by the 'average person' via their pensions and investments! It is benefiting the 'average person' as it is stopping their life savings from collapsing and protecting their jobs (directly and indirectly).

  • @polyannamoonbeam
    @polyannamoonbeam 3 роки тому +86

    In Ireland people like this catering couple are considered “essential frontline services” - and they are paid above minimum wage from the Covid fund. This musician would be offered a “ pivot “ to a Carer role, trained and paid for it because of people skills and musical skills... Can’t believe how slow USA is at getting this together. Greed...? Ineptitude..?

    • @mcdonaldmollusca8376
      @mcdonaldmollusca8376 3 роки тому +10

      It is called liberty. Our constitution gives us the power (which is being eroded by the current Democratic administration) to be free from the govt. The musician is free and autonomous. He does not pay taxes into the unemployment insurance fund . Thus he does not receive insurance benefits. His choice in how he works.
      The benefits law passed this year was ad hoc. As is the pandemic response . My (Democratic party majority state ) gave away $60,000,000 in benefits to Nigerian and Russian internet thieves. Thus people like the musician, haven’t received benefits because of government incompetence.
      But not to worry about the job of the bureaucrat in charge of the $60 million theft. She was not fired and has moved on to a promotion in the Biden administration. Government incompetence pays well. Especially if you are a political appointee of the Democratic party.

    • @lunaazule1899
      @lunaazule1899 3 роки тому +4

      Both

    • @alwayslernin4400
      @alwayslernin4400 3 роки тому +21

      @@mcdonaldmollusca8376 this is 4 years of Republicans. They always leave a mess for Dems to fix and each time it's worse than the last.

    • @alwayslernin4400
      @alwayslernin4400 3 роки тому +3

      Def not ineptitude. They are quite good at stealing our tax dollars.

    • @bookmagicroe9553
      @bookmagicroe9553 3 роки тому +12

      Every time there is a call for government to help the people there are frantic calls that this help means "socialism".
      In the US there has been emphasis on the individual rather than the good of all. So, much that is a systemic
      problem is blamed on individual failures, and the population doesn't look to the big picture. Capitalism is revered
      even when it is obviously not working.

  • @GIRLINA101
    @GIRLINA101 3 роки тому +187

    The one woman said she will work 4 jobs if she has to, as she has done it before. Yes, her resilience and tenacity are admirable. But it's still sad that people have to live a 3rd world life in a 1st world country.

    • @muhamedjones122
      @muhamedjones122 3 роки тому +16

      The united states is indeed a first World country but the system is soo broken I never understood that. Nobody should have to work 4 jobs never.

    • @anniealexander9616
      @anniealexander9616 3 роки тому +2

      I've seen people take on multiple jobs when they could have chosen 1 job that came with overtime pay!

    • @mozillaproxima4941
      @mozillaproxima4941 3 роки тому +8

      Eh? I live in a so-called 3rd world ( a.k.a. developing nation ) in Southeast Asia and you'll find that MOST people don't hold 2 jobs. I think you'll find the same in Central and South America where people are generally more laid back.

    • @patrickmorrison6253
      @patrickmorrison6253 3 роки тому

      i had to move where their are housing and job sence i retire on a job after 32 years i had many job line i get a phone every month if wanted to work for them

    • @philliplord6332
      @philliplord6332 3 роки тому +2

      When the rich have money it doesn't trickle down. They hoard it and ration it out to people who have nothing - paying them wages commensurate with what they can get away with it, and leaving them in a life of solitude. In order to break from that cycle you have to work hard, be creative, don't mess up ever, keep your head down, etc. The stars have to align sometimes in order for some people to get out of the cycle that they are in. The whole system is rigged in a way that if you are down you stay down because of interest, credit scores, poor education, fines etc and if you are up it's hard to go down because banks and hedge funds will pay you just for being rich, you live in a resilient resourceful peaceful neighborhood, you have access to the best education, etc.

  • @thejourneymaninvestor6087
    @thejourneymaninvestor6087 3 роки тому +91

    This is just a terrible situation for so many people.

    • @garywjensen1
      @garywjensen1 3 роки тому

      This has been going to happen since the 1970's when the Vietnam War was not funded, and to be paid for later by others later in life, they found how bad that was in 1978 to 1982.

    • @SandStormXII
      @SandStormXII 3 роки тому

      Yup

  • @bilalshamim7275
    @bilalshamim7275 3 роки тому +129

    What do you mean, New financial reality? All these people have experienced 2008

    • @divinemissw
      @divinemissw 3 роки тому +9

      Doesn't mean 2008 affected them adversely. A lot of people are not affected by some economic downturns. Depends on the industry.

    • @bilalshamim7275
      @bilalshamim7275 3 роки тому +6

      @@divinemissw if not directly then indirectly, the entire global economy was shaken up by it given the fact that people, governments and corporations love to invest in the US

    • @bilalshamim7275
      @bilalshamim7275 3 роки тому +2

      @@divinemissw Though those who got effected the worst by 2008 probably know this better than others, I can agree with you on that. The working class has always gotten the short end of the stick

    • @seidenada526
      @seidenada526 3 роки тому +12

      Also, 2008 was a crisis that started in the financial sector and then affected real economy. Now it's a crisis in the real economy and the markets are not even that affected, which is at least weird.

    • @johnhpalmer6098
      @johnhpalmer6098 3 роки тому +2

      In 2008, I was working through it all. Today, I'm not, but I am one of the lucky ones in that I've been able to hang on so far and am looking to work for myself as a content creator and other creative avenues. It's all becoming a gig economy now.

  • @QianLi-hg5pk
    @QianLi-hg5pk 3 роки тому +80

    This was a very good segment, they chose relatable people and the interviewer was really chill
    Hope everyone makes it through this time time 🙏🏻

    • @cryptoeri4629
      @cryptoeri4629 3 роки тому

      Write my financial manager directly for financial advice on how to invest

    • @cryptoeri4629
      @cryptoeri4629 3 роки тому

      W. H. A. T. S. A. P. P.
      +. 1. 7 0 5 2 3 0 2 1 6 0

  • @bartenderzzz
    @bartenderzzz 3 роки тому +23

    I read Las Vegas has a new hotel opening in June. They're hiring 6k employees. So far almost 100k have applied. That's crazy.

    • @ct5951
      @ct5951 3 роки тому +2

      A lot of people need jobs there. Also people come and go a lot in that city. A significant % of applications are from non locals trying 6 secure a job before moving there.

    • @bartenderzzz
      @bartenderzzz 3 роки тому

      @@ct5951 True. I heard alot if the applicants are from neighboring states.

  • @velious2121
    @velious2121 3 роки тому +62

    Thanks to software algorithms, humans don’t look through stacks of resumes anymore. You’re rejected the second that resume doesn’t match what they’re looking for.

    • @MK-xn6qx
      @MK-xn6qx 3 роки тому +6

      Thats not true.
      There are real people looking at resumes. MAke sure to highlight or add bulled points in bold matching job description.

    • @sleekoduck
      @sleekoduck 3 роки тому +7

      Remember how clever the millennials thought they were asking for digital high school transcripts for jobs that required a college degree during the last recession to weed out anyone over 30? I do. This is called karma.

    • @MK-xn6qx
      @MK-xn6qx 3 роки тому +5

      ​@@sleekoduck lol not sure whats your issue with millennials. I was born in 86, and by medias definition I am a millennial.

    • @sleekoduck
      @sleekoduck 3 роки тому +2

      @@MK-xn6qx my comment was pretty clear and judging from the likes, other people had no trouble understanding it. Why don't you do some research into Mark Zuckerberg's hiring practices for a little primer?

    • @MK-xn6qx
      @MK-xn6qx 3 роки тому +1

      ​@@sleekoduck No one likes how companies hire people these days.
      But those companies are not making burgers. They are bigger than many of the Governments around the world.
      Instead of blaming companies why not blame spineless Governments who cannot control or put strict policies around companies & it's hiring or firing policies?
      Maybe you have never worked in a corporate world?

  • @MrKewlplayer
    @MrKewlplayer 3 роки тому +72

    Hey Republicans and Democrats are you seeing this? People need help fast. Pass the stimulus package.

    • @yvesgabriel1724
      @yvesgabriel1724 3 роки тому +10

      They won't because both parties hate the American people and they prove this through out the pandemic

    • @willam779
      @willam779 3 роки тому +2

      @@yvesgabriel1724 They want to see how far they get away with their crimes this has been happening with Lincoln and beyond but we love to talk about other countries

    • @yvesgabriel1724
      @yvesgabriel1724 3 роки тому

      @@willam779 facts

    • @cait3196
      @cait3196 3 роки тому +1

      @@yvesgabriel1724 exactly. both parties are the opposite sides on the same corrupt coin.

    • @garywjensen1
      @garywjensen1 3 роки тому +1

      What are you going to do with the stimulus, go out and buy more Chinese junk? The $1, 400 will only be worth $800 by the end of the yea! The government wants you to spend $2,000 dollars for the $1,400 you will get! What good is it going to do you? What are you going to do in two or three months when there is no money? The government going to keep printing more? This is going to last until 2025, or 2026, we will not get back to pre-Covid for 25 years. Food is going to be the next big costly item and it will be in short supply because of what happens every 400 years throughout history. The Grand Solar Minimum. Check it out. History and science will always repeat itself. Invest in food while you still can.

  • @divasamai2251
    @divasamai2251 3 роки тому +45

    Everyone is worried with the exception of the politicians. I wonder why?

    • @temich1985
      @temich1985 3 роки тому +4

      The full never understands the hungry one

    • @divasamai2251
      @divasamai2251 3 роки тому

      @@lindajones4478 You are speaking for yourself. We be come what we think about.

    • @blakeberlin6295
      @blakeberlin6295 3 роки тому +1

      I'm not worried and I'm not a politician. I knowest of folks who are optimistic, so you're wrong that everyone is worried.

    • @SabrinaDacosta
      @SabrinaDacosta 3 роки тому +3

      Right!? Let’s cut their pay. Once they get no more paychecks they will understand.

    • @jermainelatimer804
      @jermainelatimer804 3 роки тому

      Very true 🤔

  • @phobedavis7014
    @phobedavis7014 3 роки тому +73

    Ageism is very real. Shout out to the citizens of Mount Airy.

    • @garywjensen1
      @garywjensen1 3 роки тому

      I am 73, I work everyday because I want to, my father taught me early how to use my brain and hands, he also told me to be prepared as employment is always changing.

  • @MillionaireMindsetClub
    @MillionaireMindsetClub 3 роки тому +73

    It's the small businesses and the lower income level workers we should be worried about the most. They need to survive. They have to survive.

    • @langhamp8912
      @langhamp8912 3 роки тому +2

      It looks grim for those two types of people. First of all, small businesses don't get tax breaks, subsidies, and financial bailouts the larger companies do. And "essential workers" that are classified as such cannot claim unemployment insurance if they choose to quit for health reasons, but they also are the lest likely to have health insurance. Finally, tenant evictions are sky high, because while there was a stop on evictions, that only applied to tenants that didn't have an arbitration clause in their renting agreement (which is to say, 99% of them), so tenant evictions occured at a historically highest rate. Because no court was needed, only an arbitration decision was needed which was then handed to the sheriff's department.
      Labor is on shaky ground. Even health care services have within the past year renegotiated worker contracts, with health care practitioners losing their health care. I can see almost all US workers accepting lower wages and entirely foregoing health insurance, as that has already happened to a bit more than half of US workers. Unhealthy unemployed workers with sky high evictions is now the new normal.

    • @katiestans2824
      @katiestans2824 3 роки тому +3

      I know some states have already raised unemployment taxes substantially higher, some as much as 97% so that on top of all the other taxes they are going to be hit with are devastating.

    • @langhamp8912
      @langhamp8912 3 роки тому

      @@katiestans2824 Companies that use independent contractors don't pay unemployment insurance or medical benefits. Maybe work as a contractor?

    • @katiestans2824
      @katiestans2824 3 роки тому +1

      @@langhamp8912 wasn’t just talking about independent contractors.

    • @langhamp8912
      @langhamp8912 3 роки тому

      @@katiestans2824 I mean to say, most jobs are now contract work, especially in the medical field. More than half of jobs in the US are contract work. And the recent California proposition 22 (which allows any employee to be reclassified as an independent contractor) is what the rest of the US will follow. That's the future, with everyone being a contract worker.

  • @thatwasprettyneat
    @thatwasprettyneat 3 роки тому +21

    There's something really sweet about that 49-year-old woman who lost her copy-editing job. I think she'll be fine.

    • @bartenderzzz
      @bartenderzzz 3 роки тому +4

      I hope so.

    • @shattaclevewright4379
      @shattaclevewright4379 3 роки тому +1

      Its the SPIRIT. She has tapped into that Spirit of Love(Maat) that her Ancestors used to establish Order, Fairness, Love and generate Abundance thousands of years ago. I can tell that by listening to her talk about fairness. It is when most people are pushed to the breaking point that you find out what they are truly made of deep within.
      She is just being transformed, as her willingness to learn and grow will serve her well on her journey. May God and the Ancestors bless her and the people seeking to help each other to find the strength to carry on daily and keep growing from within.

  • @jennifergonzalez6431
    @jennifergonzalez6431 3 роки тому +42

    "I'm fabulous" ......... yes!!

  • @glenfordburrell9228
    @glenfordburrell9228 3 роки тому +14

    It's nice to see fresh vegetables distributed at the food centre.

  • @billgreenidge6740
    @billgreenidge6740 3 роки тому +15

    Thousands of truck driving jobs go unfilled every year. I would urge anyone wasting time waiting for the government to rescue the American people to please consider joining our industry. Many if not most of us (American Truckers) have not only not missed as much as one day during the pandemic. In fact, we have earned bonus money for working during this time. Many of our fellow citizens have spent an amount of time in excess of the time required to train for and obtain a commercial drivers license, and by now had more than six months experience under their belts. Trucking also makes a great second career for people migrating from other industries. Something to consider.

  • @solarcognac7112
    @solarcognac7112 3 роки тому +13

    Car Hauler needed in Miami, Florida paying $2500-$3000 per week. Willing to train must have CDL first.

  • @jimtso9802
    @jimtso9802 3 роки тому +8

    In the meantime, our military fights endless wars all over the world.

  • @MK-xn6qx
    @MK-xn6qx 3 роки тому +12

    thank God I'm in much much much better position than many of those people.
    Got laid off for 3 months approx, got money but now working since July 2020...

  • @typeorulz
    @typeorulz 3 роки тому +6

    What a dynamic woman! That's the kind of person our government should have working in social services.

  • @litojonny
    @litojonny 3 роки тому +76

    funny how we often consider ourselves the greatest nation

    • @kirk2767
      @kirk2767 3 роки тому +1

      Aren't all nations pretty much going through the same thing?

    • @rustynailsish
      @rustynailsish 3 роки тому +4

      Get woke go broke

    • @karmag4244
      @karmag4244 3 роки тому +3

      We used to be. That died in the 80s

  • @decentmendreams
    @decentmendreams 3 роки тому +10

    God bless those couples. These are the people who inherit the heavens if there was such a thing .

  • @IAGFARMS504
    @IAGFARMS504 3 роки тому +7

    So why would he buy a house during this pandemic?

    • @drafts05
      @drafts05 3 роки тому

      I could be wrong but I heard that he bought his house just before the pandemic so early 2020.

    • @jgdooley2003
      @jgdooley2003 3 роки тому +1

      @@drafts05 In March 2020 the Pandemic hit the west very suddenly and without warning for most people. I was fully employed and making OK money in Feb 2020. Bookings fell off a cliff with all gigs cancelled from Mar 14th 2020 onwards, with only a brief respite at christmas 2020 ( 3 weeks ). Now back to no gigs until now although I did get a vaccination from one place I work. ( Free Lance Musician). I could imagine someone buying a house in early March 2020 and hitting a works crisis by the end of March 2020.

  • @mdkvisions
    @mdkvisions 3 роки тому +9

    What is the country going to look like in a year from here if nothing changes, just 1 level down from this is a major problem, go 3 levels down and its a wrap

  • @cynthiaadams4322
    @cynthiaadams4322 3 роки тому +12

    Trust in the Lord! With all your heart and lean not unto your own understanding acknowledge him in all your ways and he will direct your paths Proverbs 3

  • @corytomlyano793
    @corytomlyano793 3 роки тому +6

    He's a good guy, working hard.

  • @howellwong11
    @howellwong11 3 роки тому +13

    I'm glad that I am retired. I don't make much, but at least my income is guaranteed.

    • @lunaazule1899
      @lunaazule1899 3 роки тому

      Until Republican's pass laws benefiting the poor, the well-offs will spend their money advertising how free and fair their political circle-jerkoffs are to the poor.

    • @howellwong11
      @howellwong11 3 роки тому

      @Hello Hello Mine is and if it crashes, it means our country is gone, so my loss of income would be the least of my worries.

  • @irritatingindiana886
    @irritatingindiana886 3 роки тому +3

    This has been going on for 20 years, since healthcare costs took pay and full time jobs from us.

  • @Nucpower677
    @Nucpower677 3 роки тому +6

    Real estate and stock market are skyrocketing, appliances and grocery goods are sold out, car prices ,used or new pushed higher by the pandemic, yet millions out of job surviving on food bank rations.... please explain !

    • @al1665
      @al1665 3 роки тому +3

      People in tech, healthcare, real estate have $$$

    • @MrTmenzo
      @MrTmenzo 3 роки тому

      Simple really. While a million are struggling there's millions who are not.

    • @garywjensen1
      @garywjensen1 3 роки тому

      @@al1665 Not for long, how will they invest and make money when no one has the money to buy anything? Who is going to pay for healthcare when no one is working?

  • @glenfordburrell9228
    @glenfordburrell9228 3 роки тому +6

    Have the civil servants and politicians taken a pay cut?

  • @yomammaspoodle
    @yomammaspoodle 3 роки тому +18

    BuT WEalTh TrICKleS DoWN!

    • @cryptoeri4629
      @cryptoeri4629 3 роки тому

      Write my financial manager directly for financial advice on how to invest

    • @cryptoeri4629
      @cryptoeri4629 3 роки тому

      W. H. A. T. S. A. P. P.
      +. 1. 7 0 5 2 3 0 2 1 6 0

    • @sisterstaketoo1981
      @sisterstaketoo1981 3 роки тому

      😂😅😅

  • @OriginalBigThing
    @OriginalBigThing 3 роки тому +4

    It’s helpful to know what boats we are in - not alone.

  • @omygeebuz
    @omygeebuz 3 роки тому +7

    This is a good insight and I know we are all going to get through this together

    • @cryptoeri4629
      @cryptoeri4629 3 роки тому

      Write my financial manager directly for financial advice on how to invest

    • @cryptoeri4629
      @cryptoeri4629 3 роки тому

      W. H. A. T. S. A. P. P.
      +. 1. 7 0 5 2 3 0 2 1 6 0

  • @andreeabucur9067
    @andreeabucur9067 3 роки тому +7

    I'VE NEVER IN A MILION YEARS WOULD HAVE BELIEVE THAT ONE DAY I WILL SEE PEOPLE STARVE IN AMERICA.

    • @rathelmmc3194
      @rathelmmc3194 3 роки тому +2

      Why? There’s food insecurity in every country.

    • @jgdooley2003
      @jgdooley2003 3 роки тому

      In Dublin there is a stark saying:- "The rent eats first". Starvation is rare as many people can access food sources at very low or no cost from the voluntary sector but you do hear of people neglecting themselves through mental health issues, abuse or drug related neglect which often leads to them needing social, judicial or medical intervention. Poverty manifests itself as homelessness, insecurity leading to acts of violence or theft and abuses from other people of various sorts. Irish people in general have memories of historical periods of absolute poverty and want and only in recent decades have some of the people risen to among the wealthiest on the planet. This newly found wealth has had mixed results, some people have become more individualistic and selfish, others have become more generous in sharing out their good fortune. In general people are not happier and many are more worried than previous generations.

  • @prashanthb6521
    @prashanthb6521 3 роки тому +8

    I really wish this pandemic is over tomorrow itself.

    • @tjgen34
      @tjgen34 3 роки тому +1

      The long term effects negative or positive in many areas of life will linger for years.

  • @antonlogunov1936
    @antonlogunov1936 3 роки тому +4

    Just print more money and don't send them overseas.

  • @patrickmorrison6253
    @patrickmorrison6253 3 роки тому +4

    thank god i always keep my cdl license for over 30 years is because things like this can happen . one time staff at the dmv ask if i want to give it up i said NO
    there day that never goes buy when i get a phone from companys tell me if things don't work out call us every month im 56 years old

  • @debbieframpton3857
    @debbieframpton3857 3 роки тому +2

    Why did Chris buy a house in the middle of a pandemic working a job where has income fluctuates sometimes getting his jobs canceled

  • @janettemartin4604
    @janettemartin4604 3 роки тому +1

    OMG Jessica & NICK are HERO's! GIVE THEM MORE MONEY! I also LOVE the Jazz pianist dude, the all are so GREAT!

  • @Jeffrey-s6g
    @Jeffrey-s6g 3 роки тому +2

    Should have never shut down

  • @SoCalFreelance
    @SoCalFreelance 3 роки тому +11

    Our fellow Americans who are struggling should get comfortable with the concept of multi-generational households which is not uncommon in many parts of the world. Not everyone needs to own their own house which was once promoted as "The American Dream." Share expenses and resources.

    • @BeyondChange
      @BeyondChange 3 роки тому +1

      On top of that, it's a lot easier to re-locate living in an apartment vs a home if you ever have to move for a job.

  • @jstarzz3780
    @jstarzz3780 3 роки тому +1

    These people understand what helping ye one another was all about

  • @SuperRakeshsingh
    @SuperRakeshsingh 3 роки тому +2

    America would be new Thailand.

  • @slammajamma5435
    @slammajamma5435 3 роки тому +5

    The truth that the WSJ leaves out is more important than what it publicizes. You all know what’s going on. You know who’s responsible & the system that benefits only them. The WSJ is them.

  • @jstarzz3780
    @jstarzz3780 3 роки тому +5

    I know a lot of people didn't GET the 600 nor the 300 or a stimulus!!! WHAT you think 🤔 those people DID 🤔

  • @shannon2748
    @shannon2748 3 роки тому +6

    Applying for jobs at 49 is something she never thought she would do. Plenty of people way older than 49 job search. 49 isn't 89.

    • @armyvetgrl2731
      @armyvetgrl2731 3 роки тому +2

      You are obviously under 35 years old , when you get in you late 40’s or 50’’s then u can have the authority to speak about a 49 year old searching for a job? Right now you are clueless about something called “ageism discrimination “! 🙄 Most employers are looking for young cheap labor. This is the reality of the workforce today in certain industries. 🤷🏾‍♀️

  • @michaelsmith953
    @michaelsmith953 3 роки тому +1

    This reminds me of people renting our cars on turo...they budget the gas cost but forget repairs come one day.....people are living life budgeting as if theyll never lose their job cause the job market has been too strong too long. I never want to be poor and hungry every night again so I have a years worth of savings now.

  • @flawaii-pines6858
    @flawaii-pines6858 3 роки тому +3

    2:43 Buys a new house even though not employed and during a pandemic?
    4:56 Buys a vacation cabin though unemployed with kids to feed.
    This video just keeps getting better and better. "Real men of genius!"

  • @connie1wilson
    @connie1wilson 3 роки тому

    It’s crazy that Americans pay their taxes, but the country don’t help them! It’s disgusting, that the rich don’t pay their taxes, and the people don’t see what is going on! It’s crazy!

  • @andracoisbored
    @andracoisbored 3 роки тому

    I love her, she's such a positive, real person.

  • @alparslankorkmaz2964
    @alparslankorkmaz2964 3 роки тому +5

    Nice video.

  • @JinNani224
    @JinNani224 3 роки тому +15

    Hmm I should have sold my spare cabin as well lol

  • @Ubetchagirl
    @Ubetchagirl 3 роки тому +3

    I love how the Congress is fixated on impeaching a soon to be former president instead of helping people like Chris and so many more.

    • @garywjensen1
      @garywjensen1 3 роки тому

      That party does not care about the American people, only about how they can get more cash in the trough for them. The Democratic Cash cow was shorted by President trump being in office, they did two worthless impeachments spending our money over nothing, so they could open up the cash flow.

  • @importantname
    @importantname 3 роки тому +6

    unity is strength. Alas the hero worship of the rights of the individual destroy unity.

  • @noemisolano4748
    @noemisolano4748 3 роки тому

    Millions of people have lost their jobs but rents have gone up the beginning of 2021 and food prices have gone up.
    Plus I noticed that even my internet went up in 2021!!! I need the internet for work.
    I can't believe that prices of food and rent are going up in this pandemic!!! Terrible
    I know a person who had a job and then got COVID, now this person has no job. Terrible that employers lay people off if they catch COVID.

  • @gnahthe
    @gnahthe 3 роки тому

    A two or three family house may have been a better buy for Chris. Having tenants helping pay the mortgage and possible paying it all, is a huge help.

  • @turkeyslime3193
    @turkeyslime3193 3 роки тому +4

    Nice try, but read about FBC fund and their algorithm first

  • @nighthawk6281
    @nighthawk6281 3 роки тому +11

    Elon musk has done very well

    • @sunustronicscomtech9797
      @sunustronicscomtech9797 3 роки тому

      Because he is doing business in China and he is black that's why he is successful because its now the time for blacks and Chinese

    • @mrrandom1265
      @mrrandom1265 3 роки тому +3

      @@sunustronicscomtech9797 Elon Musk is black? 🤣🤣🤣

    • @illimattic
      @illimattic 3 роки тому

      He moved his offices from CA to Texas. And Bezoz is still richer than Musk.

  • @diegopradillo2743
    @diegopradillo2743 3 роки тому +11

    Don’t have a job - work at a fast food or deliver food for a living since these industries are thriving & need more workers. Then bounce back when this is over

  • @TheMrdanielguzman
    @TheMrdanielguzman 3 роки тому +6

    People on unemployment were making double then the people working.... and there crying come on now

    • @lauraz2896
      @lauraz2896 3 роки тому

      Not true everywhere. Also unemployment ran out for many

  • @shomarimonroe150
    @shomarimonroe150 3 роки тому +1

    Fantastic video

  • @dentatusdentatus1592
    @dentatusdentatus1592 3 роки тому

    Does anyone remember those Mount Airy Lodge commercials from the 1980s?

  • @KingHarambe_RIP
    @KingHarambe_RIP 3 роки тому

    The title is misleading. I was hoping to learn more about *why* the pandemic hit us economically so badly and the mistakes we made as a country along the way.

  • @galaxyride4944
    @galaxyride4944 3 роки тому +1

    I'm sorry why do people keep waiting for the government 2 step in. STOP WAITING. Start doing cleaning jobs. DO whatever it takes.

    • @garywjensen1
      @garywjensen1 3 роки тому

      I have never waited for the government in my life. I grow my own food, unfortunately, it will get so bad that my garden will be raided nightly.

  • @atorbfire
    @atorbfire 3 роки тому +1

    Nice ad for a "vaccine as a saviour" concept.

  • @ianbuick8946
    @ianbuick8946 3 роки тому

    Penny saved is a penny earned. We don't have nice car, big house or vacation every year, not even eating out for 5 years but surely have 6 months of e-fund and 20k in investment with just $14/hours and 2 kids. Being poor is not knowing the difference between Asset/Liability and the power of interest.

  • @scar623
    @scar623 3 роки тому +1

    There is no middle class, we need more Duel Power and Direct Action

  • @dyskelia
    @dyskelia 3 роки тому +3

    I feel bad for these people but they have much nicer homes than I do so I don’t know what to think

    • @eldermillennial2000
      @eldermillennial2000 3 роки тому

      That's what the 1% want you to think. Focus on the middle class versus vs how the 1% is screwing u

    • @dyskelia
      @dyskelia 3 роки тому

      I don't do conspiracy theories

  • @Todd.T
    @Todd.T 3 роки тому +1

    "New house he bought a new house at the beginning of the year..."

  • @user-mb9jx5tx9y
    @user-mb9jx5tx9y 3 роки тому +1

    She’s lucky she’s living with her sister

  • @wulung5943
    @wulung5943 3 роки тому +5

    Remove all sanctions and start trading with all nations. Economics 101

  • @bedirhankarbuz4825
    @bedirhankarbuz4825 3 роки тому +3

    Guys, you are tired, before doing reviews, you first read about FBC and their algorithm

  • @vikmanphotography7984
    @vikmanphotography7984 3 роки тому +23

    Meanwhile, Elon Musk's bet worth increased 160 billion in just the past 12 months...

    • @KevinSar
      @KevinSar 3 роки тому +5

      Has nothing to do with each other. stock market does not reflect everyday life so it's a bad metric to measure the economy in geneal but it's also not great to use it as a negative or positive it's just based on speculation. It's not his real liquid worth either

    • @vikmanphotography7984
      @vikmanphotography7984 3 роки тому +2

      @@KevinSar I'm only using this as an example of how broken our financial systems are. That the rich are getting richer faster while the majority of us are struggling more than ever.
      My Elon example could just as easily be replaced with others in the 0.1% though maybe not quite as extreme of growth.

    • @anishadamane4179
      @anishadamane4179 3 роки тому +4

      @@vikmanphotography7984 He is getting rich because he is not dumb like you

    • @dylangreen8018
      @dylangreen8018 3 роки тому +5

      The rich get richer because they don’t look at people with envy as you do

    • @banksterkid5930
      @banksterkid5930 3 роки тому +2

      If only you had bought tsla couple of yrs back

  • @hadoukenhadouken9219
    @hadoukenhadouken9219 3 роки тому +7

    Sigh...tough sledging tough times hopefully its temporary
    - 9 months going on 1 year...

  • @FinancialShinanigan
    @FinancialShinanigan 3 роки тому +8

    Different walks of life, all disappointed in the government

    • @cryptoeri4629
      @cryptoeri4629 3 роки тому

      Write my financial manager directly for financial advice on how to invest

    • @cryptoeri4629
      @cryptoeri4629 3 роки тому

      W. H. A. T. S. A. P. P.
      +. 1. 7 0 5 2 3 0 2 1 6 0

  • @tajaicalip5323
    @tajaicalip5323 3 роки тому

    The only reason why People see this depression now is because when the People who knew what was going to happen was speaking. The ones who thought that this was a game was being disrespectful saying that the People who knew was crazy. Young People get fired wayyy before old People. The old People is not the problem. The jobs and who is the hiring Staff is the biggest problem. The Human Resources send People on low paying jobs knowing the People have always come to work and earned high paying jobs. If they are replaced. All ages based on if they will work can have a fair chance at receiving the pay that they earn. I had a Supervisor tell me that he would hire one of our Employees that was in his 70's wayyy before a younger Person. He stated the older Man always came to work, was never late, and could stay at the job for sixteen hours at times without one complaint. The young People call off after two or three checks. They are late most often. They have children and dysfunctional relationships that affect their work. I think older People are going to be just fine in the workplace that shows up for work during their scheduled times. The young People need to be the ones that are worried. I been working. I was not ever late or missed a day. I was younger and had to make sure my kids came first. I had to attend College. No One should be talking about older People with EXCELLENT job skills that come to work everyday.

  • @irritatingindiana886
    @irritatingindiana886 3 роки тому +1

    Don't those mothers get huge amounts of food stamps?

  • @alexanderphilip1809
    @alexanderphilip1809 3 роки тому +8

    "Diverse neighbourhood". You americans and your political correctness what use does it serve other than to make you feel all tingly. Just say 'Neighbourhood'.

  • @estellecindysackey168
    @estellecindysackey168 3 роки тому +2

    @shelbyholiday do you have copywriters email add, I have come across and opportunity that is fitting for her.

  • @flawaii-pines6858
    @flawaii-pines6858 3 роки тому +2

    1:45 YOU COULDN'T GET LAID ... LOL LOL

    • @coreysuffield
      @coreysuffield 3 роки тому +1

      "laid off" meaning to be let go from a job as opposed to being fired

    • @flawaii-pines6858
      @flawaii-pines6858 3 роки тому +1

      @@coreysuffield Yes I know. Please excuse my sense of humor, apparently you dont have one.

  • @diggingmystyle
    @diggingmystyle 3 роки тому +1

    1.9 trillion = $5000+ for every person in U.S.

  • @jeffmartin8924
    @jeffmartin8924 3 роки тому +1

    I'm Depressed!

  • @harrisonwintergreen1147
    @harrisonwintergreen1147 3 роки тому +6

    "I order food delivered by GrubHub every day and spend $1000 on a new phone every year but NOW I'M IN A CRISIS"

  • @matthewjohnathanwarburton8342
    @matthewjohnathanwarburton8342 3 роки тому

    All the warning signs of Macro-Econ shocks were there, and no one noticed.

  • @hisokamorow8388
    @hisokamorow8388 3 роки тому +2

    Nino would’ve cleaned up this mess.

  • @catlover5454
    @catlover5454 3 роки тому +2

    I'm up to three Xanax a day now.🤕

  • @oneyearvisa
    @oneyearvisa 3 роки тому +1

    Fun times.

  • @williethomas2628
    @williethomas2628 3 роки тому

    The government is $25,000 back pay for every American citizen other countries help their people.

  • @lorettagallagher
    @lorettagallagher 3 роки тому +7

    I Remain Optimistic. 🌞

    • @kennethkestner9608
      @kennethkestner9608 3 роки тому +1

      Me too. We've become a naTion of pansys. I avoid PansyviLLe by working 38 monThs no days off.

  • @Yourlife_94a
    @Yourlife_94a 3 роки тому

    Americas Gucci belt is getting shinier

  • @crashweaverda
    @crashweaverda 3 роки тому +15

    I see this storie over and over again but the stock market just keep going up. Go figure?

    • @alexmikhylov
      @alexmikhylov 3 роки тому +13

      businesses that hurt the most aren't public companies and aren't traded on any exchanges
      here you go, figured it for you

    • @douggardner1303
      @douggardner1303 3 роки тому +2

      There's a bubble with stocks because it's one of the few places to put money (stocks, bitcoin gold).

    • @crashweaverda
      @crashweaverda 3 роки тому

      @@alexmikhylov There big player out there like a cruiseship. How much money lost there in goods and services and there are alot of them on the planet. Not to mention all the suppliers and their employees.

    • @vishnusahani2822
      @vishnusahani2822 3 роки тому

      stock market discount future, That's why u r not able to understand.

    • @crashweaverda
      @crashweaverda 3 роки тому

      @@vishnusahani2822 I understand this could go on for at least 3 years or more. 8 billion on planet 377 million in USA. Where not going to get to normal any time soon

  • @thebarber4397
    @thebarber4397 3 роки тому +10

    5 minutes ago, no dislikes yet

  • @musiclover-uv9ff
    @musiclover-uv9ff 3 роки тому

    My feeling is that it will take about 10 to 15 years for America to recover.

  • @sjefh
    @sjefh 3 роки тому +2

    Biden: Lock down.