More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research

In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a podcast. What's the strategy for such returns?

I wish I had more time for experimentation, but I'll be 50 by June, and I'm looking for ideas and suggestions on what investments to acquire to set myself up for retirement, especially with the looming inflation; my goal is to have at least $5 million by the age of 65.

If rent prices were low enough for one to only pay 30% of income on housing, we'd all be doing much better

I love how they are switching between average and medium income to hide the fact that most Americans are actually making around $50,000 (Before taxes) rather than around $75,000 (Before taxes)

Although I am glad that I chose to keep money in the money market, I regret not having made any equity investments. I'm almost ready to enter the stock market as my $200k is almost mature. Could you suggest some stocks that a newbie wishing to gradually expand their cash should buy?

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.

Yesterday I heard a guy say people are expecting food prices to go back down. Food will never go back down because the corporations have no reason to lower the prices. I started thinking about it and believe him

College, health insurance and retirement savings are the new luxury items

The average retiree, I believe, should have been able to have enough to last the rest of his days. I t just depends on choices during your working days, just as I came to realize later. Surprising how I still netted more $2m. by retirement. And this is while living in New York!

Not to mention we are a society of mass consumers. Christmas doesn’t have to be about presents but it is- holiday decor for every holiday, gadgets, fashion trends, entertainment, the list goes on and on.

Rising costs, insufficient savings, and economic pressures are taking a toll on people's sense of security. It's time for a serious conversation about financial well-being and finding solutions that work for everyone, not just a fortunate few.

If rent is just 30% cheaper, many would be comfortable.

I live in Thailand. And while my income is only around $3k a month. The cost of living here is rather low and my expense is only around $600 a month (including health insurance). That leaves me $2.4k saving for each month or close to $29k a year. I also own my own properties. I can’t imagine doing that in America.

Lets be honest. The average wage is skewed due to the super rich. Most people out here are trying to make it on 30k, 40k, 50k. I don’t consider before taxes to even be a real number. I base my pay on what actual amount my checks are.

The only thing that this video did for me was to reinforce my appreciation for being single, no kids, that I have few worldly cares, and few worldly possessions.

It is absolutely insane that rent is more expensive than a mortgage in most places. Rent, in practice, is supposed to be a FRACTION of the cost of a mortgage so that you are able to save up to take out a loan to buy a house. This is absolutely insane.

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

Sad to say my aunt in her mid 60s won’t retire into probably close to 70s and that’s if things change for the better. I’m still living with one of my parents and I’m 23 after trying to live on my own I see now how hard it is out there. Not ashamed to admit I’m living again with my parent.

They bring out these kind of videos to make us realize where we belong. Not too long ago when people started quitting the job market, it was a wake up call to all these people what we are able to do. They have created this environment to squeeze out the last penny from our savings and to show us our position in the society - as their slaves!

Money may not buy happiness, but it sure does buy stability 🙃

Me and my wife live well within our means, we don’t have a huge house, we don’t drive luxury cars, and we don’t go on lavish vacations. I think one of the biggest problems is people trying to out do each other.

I don't think I've ever broken 35k a year. Any job that pays more than this is highly impacted and the employers annoyingly picky. This has always been the case no matter what they tell you about unemployment numbers.

I live from paycheck to credit card to paycheck and so on. I do not have any debts, all vehicles are paid off, I do not carry balances beyond 14 days, and I do not buy what is not needed. Just spend on basics like food, water, electricity, and rent. I live a humble and simple life - still, I cannot make it financially.

I love how this video goes from the problem being societal to “we need to own our financial responsibility and set goals” 🤪

For average American to survive,I think will all need to find alternative means, imagine working for 40yrs to have $1m in your retirement, while some people are putting just $10k in a meme coin for just few months and become multi millionaires. if you don't invest, you're missing out on opportunities to increase your financial worth.

I am fortunate I made productive decisions about my finances that changed my life forever. I'm a single parent living in Bn Italy, bought my second house in April and hoping to retire next year at 50 if things keep going smoothly for me.

I’m 28 years old living in Orlando FL. There was a time when I thought making 60k a year would make me comfortable. Jokes on me, even as a single man I can’t see myself retiring with comfort at this pace. I’ve cut down on so much to contribute to savings, praying that when I buy my freedom I’m still in decent health to enjoy the rest of my life. My financial grammar isn’t up there.. (IT Guy) but sometimes I feel like I’m just working towards my own funeral, which is another expense.

I lost my job of 30 years and it took 18 Months to find another job. The thing that saved our family was having a large emergency fund. We didn't miss a bill payment or go into debt. We actually kept our same lifestyle of eating out, traveling a little and etc. My suggestion is, save as much as you can when times are good and don't touch it, because when times go bad you will be able to continue on without worrying yourself sick or going into deep debt.

I make about 25k a year, definitely in the lower class. But I'm rather young. I hope I can turn that around.

I tried working 2 jobs and the only way to do it was working overnight with 4 hours free in-between after getting off from my day job to rest before heading into the 2nd job. Going back to college at 36 is 90% impossible (even taking classes remotely). Bills don't stop and they increase every 3 to 6 months.

Schools are not designed to teach you how to live. They are designed to teach you what you need to be a good worker. Your parents need to teach you budgeting, money use and financial aspects. The problem is that a lot of parents don't know these things themselves.

When will these “experts” admit that at some point you can’t budget yourself out of poverty.

*Let's talk about success:* Firstly the journey won’t be easy, embrace persistence, patience and perseverance. Outline your goal and pull your efforts together to attain that goal. I had a fair share of struggles before diving into crypto last year. And let me tell you, it completely changed my life! So don't lose hope, my friend.

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

College wise: go to cheap colleges. There are some colleges that cost $2000-3000 per semester or less. Go there. Work during summer break. Work part time during your college. Dont take out student loans. Graduate with no debt, with skills. Thats what I did, zero regrets. Even if its a religious uni or college - just ignore the religious stuff, its worth it. Weddings: huge expense you dont need. Its just one day meant to celebrate your big life event - no need for fancy food, location - and all the crap you pay for, so that your guests are entertained. Make it easy on your wallet and yourself - less planning. Why make yourself miserable for weeks ahead of wedding for one day, day during which you will be so tired, you wont remember/enjoy most of it. I used to be a wedding photographer & videographer, and every single couple told me - they didnt remember what happened, that it was all a blur and that they were happy they could watch the video to see all that happened. Thats how stressed and tired they were. I married in courthouse - best decision ever! Very special and intimate. No regrets. No debt, no spending. Rings: another big money saver - dont save up for a ring. Dont request an expensive ring - whats the point? Is it a symbol of love or is it a used car on your finger? And guess what, rings do not resell well, at all. If you buy a $5K ring, you’ll be lucky to find someone who buys it used from you for $1K. Dont waste your money. Stay true to you. Do what actually makes YOU happy. Not what makes you look happy. Dont buy the illusions. Buy small house. You dont need the classic huge American house. For what? To store stuff? Life is short. Buy only what you truly need and what makes you happy, for real. Dont buy into capitalist bs. You dont need 15 decorative pillows on your bed. Or buy a house and rent a spare room(s) in it to help you pay mortgage. Buy an older used car thats reliable. With cash. Buying an older Toyota saved me thousands in repairs. No car loan. 5 years on a 14 year old car, and still not a single repair. If you can - find a remote job, save on transportation and lunch expenses (cook at home) Only buy things you need rn, or about to use, dont buy things “in advance” When your paycheck increases - do not increase your spending, keep it the same. Try to avoid any loans and debt like a plague.

I've been living in the same place for over 5 years. When I moved in all I needed to make to afford rent, utilities, gas in my car, food, etc plus have extra to save was about $14 per hour. Now today in 2023 I actually have LESS expenses to pay because I've had to get rid of everything that isn't essential, but I would still need to make $18 per hour just to scrape by with nothing leftover to save. My landlord owns hundreds of single family homes and apartment buildings but says he can't afford not to keep raising rents. These landlords are full of S.... and what do jobs around here pay? Less than $15 for most of them. At my last job the owner bragged all through covid about how we had record breaking profits and doubled our customer base... but they cant afford to give us a raise. Instead they turned it into a revolving door of hiring and firing all day long so they only have to pay people $15 per hour.

I agree the economy in regards to inflation is out of control today and the purchasing power of the dollar is extremely downgraded compared to other times in our history. I think back to times just 3 to 4 years ago and it really seems like times were a little more financially feasible but in reality I think it was just easier to obtain things on credit with the majority of those “things” not needed. Then even reflecting back 20, 30 or even 40 years ago and remembering the power of the dollar. However, remembering the power of the dollar and really reflecting on the power, it wasn’t necessarily more powerful. Yes, I understand grocery cost are thru the roof, housing whether buying or renting is astronomical, fuel cost are fluctuating so much and never really going down to yesteryears. Yes, I understand and feel the pain as well economically and financially because of the rising cost of absolute everything except our paychecks. Butttt…. When really reflecting back to 30 or 40 years ago and remembering when only one parent had to work and it seeming like they lived comfortably is true but the memories must include how and what they spent their money on. Because we are a little spoiled today with all the modern conveniences and “must haves” in today’s society. In the 80s, only my dad worked and we never hurt for anything but we didn’t get the latest of the greatest things coming out. Back then, if you made $5 to $7 dollars an hour, that was considered a really great start and could live comfortably. But you also have to consider, there was no internet, no cell phones, no cable or satellite tv, no subscriptions to streaming services, no amazon, and credit was a little harder to obtain. Automobiles were not filled with every little whim even though power windows, power door locks, and power seats were add on’s. Heck even getting an FM radio in the car was an extra feature and even sometimes getting a rear bumper was an extra. Then making the above hourly wage didn’t get you to those “higher end” vehicle equipped with the above. It would get you a nice used vehicle. Think about the cost of having internet where I have seen it ranging from $40 to over $180 just for the home. Then everyone has to have a smart phone and what are the cost of those to have reliable services. Years ago, there was just a home phone which if memory serves correctly was in the range of $20 - $30 and you had to pay extra for long distance phone calls which was expensive. Today, you can call overseas which is included in the cost of having a smart phone but you are paying upwards of $100 a month depending on service providers. Now reflect, on cable television cost. Growing up we never had cable tv just the old fashion antenna for local channels which didn’t cost anything which you can do the same thing today but many don’t. They elect to have cable or satellite tv with hundreds of channels with cost above $60 a month. Yes, there are televisions now that have a lot of services included which connects thru your home internet; however, a lot of those streaming services you have to pay additional money to utilize. Such as Netflix, Amazon, Paramont, etc. Speaking of amazon, we have become accustomed to the ease of ordering from services like Amazon with just a quick selection with our finger. Compared to 30 or 40 years ago, you usually didn’t have that instant gratification with a purchase which would give someone time to really reflect if the product was actually needed. So, yes inflation is sky rocketing and money is tighter than just a few years ago but do we really need to have a cell phone plan that cost $150 or more a month. Is internet needed in the home for upwards of $100 a month and the answer is probably yes in this modern world for banking and school. But is both needed - phone and internet? I would say not. Is cable or satellite services needed for upwards of $100 a month to include streaming services that can range from $15 a month and up. Do we need to limit our convenience of browsing amazon and the ease of filling that shopping cart with just a few clicks? Is there a need to have an $60,000 dollar car equipped with everything that the majority of people only use to drive to work, kids to school, grocery shopping, etc? Is leather seats really needed to just drive for maybe 30 minute trips to work or the grocery store? I am not stating that times are not tough financially nor am I stating you shouldn’t have nice things and convenient things to make your life more enjoyable. But I am stating 30 to 40 years ago weren’t easier financially either. It was just a different financial mind set possibly and difference of availability of products and services.

Thank you for your advice. I will surely take it into consideration as I’m facing my new frontier of homelessness. Budget and pay off more from the resources I don’t have. Got it.

I am a nurse working the ER of a major non profit hospital. My healthcare premium is 650 a month for my family of 3. And I still can’t get a specialty appointment until 6 months from now anyways. Just let that sink in.

Fun fact: the majority of people earning $100K a year are living paycheck to paycheck. It's interesting that "100K" is still used as the gold standard for a good income. Earning $100K was considered substantial 20 or more years ago, but times have changed.

A online job at US minimum wage will pay you enough to live very well in many countries. Not a solution but a great option for adventurous souls. Same thing with retirement. The average SS payment gives you a Waterview condo in Thailand with quality and inexpensive Healthcare. I know it doesn't work for everyone, but it beats living in section 8 housing and eating at soup kitchens.

I love how it is “on the household level” aka personal responsibility, you can’t personal responsibility yourself into a raise of 10-15%, and feel stable……

The level of income and wealth inequality is phenomenal. Sad.

Now with the recent economy, to be financial FREEDOM you have to be making money while you are asleep

The fact they think inflation is coming down is wild. Costs of goods and services is up 50-75% in most places, interest rates are through the roof, bills have doubled, and yet pay has increased 10-15% max in MOST areas......how does that balance out? Then they think if we just do a better job at budgeting we can improve our lives......no matter HOW i budget. $3300 doesn't cover $4500 in costs per month. $3300 used to cost me $3000 and that's with ALL my extras. So where does the extra money I need come from now? I already don't eat out anymore, don't go spend money on things I want, can't afford to pay extra on credit cards, house or car payments. Like, what do we do? I'm not selling a newer car to get a beater that might or might not run. Dependability costs money. Should I sell my house and get a smaller one? Can't cause interest rates have made that IMPOSSIBLE. So it's lose everything and file bankruptcy OR wages need to increase the massive jump in cost of living. Why should I lose my life and family over corporate greed? Unfair......

The problem is that the average person cannot pass on their expenses/costs to someone else. Businesses, especially the large ones, are able to. "Oh, you want us to raise your wages? That's okay, we'll just pass on the cost back to you by increasing the price of what we sell." So the amount of money that's circulating in our economy, just keeps shifting towards the big businesses. NYC is about to implement a congestion toll for going into Manhattan. This will increase cost for truck driver's that deliver goods to businesses in Manhattan. Guess what? Those truck companies will pass on the cost to the businesses in Manhattan, and then they will in turn pass that cost onto the consumer. The only way to fix this issue is to have some sort of limit to that work around.

The United States as we know it is no more. All signs point to 2023 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.

I think its definitely time for us to come together as one , regardless of political party . Make it known that we need a change

I work in a grocery store and make close to 30$ hour and 40$ hour on Sundays, have 401k that my company puts in 10% of my gross income yearly and I contribute 6% every paycheck, I give myself about 10 more years hopefully to retire in my 60s. And I became debt free!! So I’m hopeful that in 10 years we’ll be in a better financial place.

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

I keep trying to tell people that saving is not possible these days and I keep getting told "stop spending your money on stupid things"......if stupid things mean rent and bills and food then I guess I'm stupid.

Decades of telling people "it's not your fault" has led them to believe they don't own their financial positions. Your education, experience, job choices and spending decisions are 100% your responsibility. The basic strategy is increasing your income, decreasing your expenses or both. The government will not solve your financial problems, you will.

I've come to find It's really not about how much you make, it's about how much you owe. Get a decent job in a cheap area, pay off all your debts, live below your means until you have no debt, and you can live comfortably off very little money. It's the expensive car payment, the fancy house, the newest iPhone, the going out to eat every day, buying overpriced drinks at the bar, etc. Living the lifestyle that doesn't match your income is why so many are struggling. Obviously, there are plenty of exceptions, but the bulk majority likely could live comfortably, but they'd rather take on debt to live above their means.

So the final advice given to the average American after outlining just how bad Reagan-omics, corporate capitalism, and an unchecked federal reserve driving the rampant financial insecurity was: budget, understand that everyone is suffering, and "deal with it". Did anyone else catch that? They saved it for the final minute of the video

This topic needs to be addressed more often and more honestly, because hearing "just save money" or "hustle harder" doesn't really solve the problem, it just gets on my nerves. and another symptom of this problem there're sharks who take advantage of people who are looking for that extra bit of income with MLM's or working gigs

amazing vid bro you put hella work into it fs ❤

Maybe if the government didn't take 20 plus percent of every paycheck and ship it off to other countries the American people would be able to afford more.

The problem is really corporations increasing prices because they knew they could. A lot of America is realizing it’s not cheap to live here and a lot of costs are just passed down to consumers while trickle down economics don’t work.

Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.

I guess if I skip meals, have no social life, don’t take vacations and get 3 roommates, than I’ll be able to be financially stable 💀

i found outside major expenses Morgage payments, Loans and Healthcare. My biggest cash eater is Utilities or peripherals stuff like Water& Sewer; Trash pickup and households repair expenses. And those factors increased with state, city and local government taxes. Something I have no control over. I also have closely watch my On-line spending as i tend be impulse shopper.

I love the money/ finance series from this Network

You are using average and median interchangeably, which they are not. I understand, you cannot live in the big coastal cities at $4,000 per month. I earn less than 75k per year in the heartland and that is a very comfortable living. Don't fall into the credit card trap, don't buy what you can't pay for. Instead of talking about the average, focus on the millions of hard working full-time employees who can't make ends meet due to minimum wage, student loans or medical bills.

When I was working for Walmart, I was making about $30k/year. I was doing ok/comfortable with it.

- don’t have kids - have as many room mates as you can - don’t drive a new car unless you can pay 20% down and pay it off in 3 years - don’t hold credit card balances - invest - work two jobs if you need to

Back in 2012 when Mitt Romney was running for president he was asked by a reporter what income he thought would make someone middle class and he said $150K a year. He was roundly criticized for this answer, and people used it as a reason to say he was out of touch. I thought it was a GREAT answer. In order to own a home, send your kids to college, take a vacation every year, and drive a car that is relatively new, in most places now, that was an accurate answer. So we need to get honest about this as a country, not laugh at people for speaking the truth. And it also starts with workers demanding more. Not voting for people that want to get rid of labor unions, or who don’t care how much you pay for healthcare.

We work for years to earn $1million on our retirement, while some people put thousands of dollars in some meme coins and they become millionaires.

These UKposts videos by CNBC are actually pretty good. Wish all their reporting was this good.

The cost of living seems to be increasing every year, making it harder to keep up.

I literally live paycheck to paycheck and I keep hearing from CEO's and other wealthy people that I make too much money and if I get a raise, every investor 's child will have to work like I do.

Like many, I suffered a financial setback after my divorce. It was many years ago, but I still remember this one event like it was yesterday. It was a Friday and I just got paid. After paying rent and utilities, filling up my truck with gas, buying 2-week's worth of groceries, I had $20 left to last me until my next paycheck. My son asked if we could go to Burger King (he liked getting the little paper crown 🙂). I had to actually think about it 😔. It took a lot of hard work, but things eventually got better. As I advanced at my job I still maintained a modest lifestyle, saving and investing as much as I could. Fast forward to today- I'm retired at 55 and living comfortably!

The worst thing you could say is "its not your fault." That sentiemnt just incentives people to not save more or better budget. And it implicitly suggests that things will get better when you should always be financially planning for the worse

Single. Hard working and still financially unable to get a home. House prices and interest are far beyond reachable. Rent for a 1 bdrm is doubled or almost triple what it used to be. Utilities are out of control even when you use less, you still pay more. I don’t see retirement happening for me in 20 yrs. I’ll most likely just hitch hike my way to Florida and either let nature or alligator have its way. Lol

3:54 Can someone please explain to me how the average American household only spends $96.42 a month on healthcare?

Working from home has been a great thing to have, it has allowed me to save thousands of dollars. Working 2 full time jobs is truely a blessings

All small steps; it adds up. I was in credit card and loan debt for years and years. During the pandemic was the turning point. Being surrounding by my "stuff" for a year that wasn't being used for longer than that I finally realized what I don't need. I paid off all debt a few years ago, but getting to catch-up savings from those years has been more of a challenge. But given that I have those first few steps done, and the lesson now (hopefully) learned, I can start to shift focus on how to make what savings I have work to grow to help make up what is still needed for retirement. I would like to stop working much earlier than the regular retiree, and also want to live comfortably, however long or short that is. We can all do it; the mindset needs to shift, the knowledge needs to spread on how to save on basics, and learning long-term vs. short-term benefits of now vs. later. Buy off-brand, buy only on sale. Make what you have last as long as you can. Cook food at home, or make take-out last another meal. Re-sell things you no longer need. Etc.

It’s interesting to note that mortgage rates in Europe are very much lower than in the US. Current mortgage rates in EU are around 4%. Mine is older, and it’s at 1,39%. I think this adds to the financial burden of cost of living in the US.

My parents own their own home and still feeling it. Imagine what that means for everyone renting. Groceries are so expensive and everyone is feeling it!!

We've been priced out of our hometown in middle Tennessee rent is up over 100% we've lost 76 bids on our first home in the last 3 years

233k a year? I could be comfortable on 100k lol I am ok on 65k a year & feel comfortable because I try to keep my main fixed expenses as low as possible. That is phone (Visible), internet (xfinity - their lowest speed plan 25 MBs they allow as all I do is stream HBO/UKposts rather than have cable), transport costs (paid cash for a slightly used hatchback & live close to my work to cut down gas costs), housing (went with a quadplex Condo over a SFR so I could have a lower payment & have it paid off in 15 years), and food (Aldi). I do occasionally splurge like on a robot vacuum that helps save me time. And any big purchases or streaming subscriptions are done during Black Friday or Cyber Monday when there are deals. Also I try to shop second hand on Nextdoor or facebook marketplace. I don't really go on vacations though unless it's a family one.

I watched the video and read three-dozen comments. I did not see or hear anything about lack of financial literacy being a problem. I think, however, that it is one part of the problem.

The average house costs about 400k! Where are people getting this kind of income?

Everything is more expensive now then just a few years later, but I'm very lucky that it does not affect me much. Some of family members that have gotten sick are in big trouble, its really hard to make it without help for many many people. I was secure financially years ago when I was making closer the average salary. I went to a local 2 year college $4k/year (graduated 2016), bought an affordable home $200k (2017), Used car $6k 2007 Honda), etc. Most people can't afford a home any more, used cars are more expensive and college is tough to finish for most people.

I just wanna acknowledge the guy who wrote with nice handwriting...

Debt is by design, not an unhappy accident. Debt is a deeply thought out process, its characteristics were specifically designed to entrap and then disguised, its ramifications were explored painstakingly prior to its launch as a product… and that is what debt is, a product sold on the open market, which the vast majority of people have acquired!

In America and much of the western hemisphere you work to live and then you die once you stop, this is why most retired folks or smarter younger folks are leaving to countries that don’t prioritize money above everything

$96K in debt on average is crazy

I make 60k a year, and i feel like i have way more money than i could ever use or need. People don't need more money, they need to know how to use their money more wisely. If you are making more than 50k a year and you do not feel financially secure, you are doing it wrong. My rent is less than 1k a month. The rent is 1,400 for a 2 bedroom apartment, and i split rent with a friend. So 1k a month includes rent + utilities. Groceries are around $300 a month. Cell phone + Internet is another $100 or so. I can pay all my bills for less than $1500 a month. I have no debt, i have no car payments. I have almost $3k a month "fun money" i can do anything i want with. Either to invest in retirement, or just to go on trips and go out to eat and do w/e i want in life. All on 60k a year.

I love how this video makes a hard turn toward do-it-yourself rather than look at systemic answers. Oh wELl tO BaD.

I thought the average income was between $31,000~$40,000 and for Households it was around the $70,000 area.

3,300 a month? I'm lucky to see 2,200 in a factory

Some people keep screaming “start a business, invest, do this do that” but most people don’t want to have to do that to enjoy life. All we ask for is that the government pays us enough for what we do so we can live a happy and stress free life.

Imagine Instagram was made for everyone to act like they were balling, to avoid us gathering up and rallying about prices. Cuz everyone one else is good, we don't wanna stand out

Man, I make about 100K a year (with a family of 6) and we are living paycheck to paycheck. We are alright, and we have a nice home, but I can't afford to do hardly anything extra. A vacation? Forget about it. I can't save up thousands of dollars for a trip anywhere, I can't even afford to take the family out to a restaurant. Money sucks and it is probably the number one source of stress for our family

Net worth is not the same thing as income, can we please teach people that?

The problem is everyone wants to live like the Kardashians working only 20 hours for minimum wage 😂

This varies widely and wildly from place to place, region to region.

First thing we have to do is teach high school and college students about debt, interest rates, retirement savings, compound interest I can say I started becoming financially literate in my mid 30s that is way too long and it cost me thousands