"Middle Of An Apocalypse" - Evictions SKYROCKET As Bidenomics DESTROYS Middle Class
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- Опубликовано: 16 окт 2024
- In this clip, Patrick and Tom discuss how the current economy is causing the average American to struggle with rent payments, leading to a significant rise in evictions.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
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.
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.
Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?
'Annette Christine Conte ' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
@KylianZander That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@KylianZander The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
@KylianZander I will give this a look, thanks a bunch for sharing.
Never had more money and never felt more broke. This country is an absolute joke.
Same!
work harder. millions on welfare depend on you
Dude for real! My salary is higher than I ever thought it would be and yet paying for basic shit feels 2-3 times more expensive than just a few years ago.
I make 2 times as much money as 5 years ago, but seem to have less extra money.
I bought my house in 2021, and my household income has tripled since then.
We are not struggling any less than we were with three times the money.
My mortgage is $900 per month. If i bought my house now, it would be $2500 per month and i wouldn't qualify for the loan.
Anytime some older person tells you to just work harder, you KNOW that person has virtually no relationship with the current reality. They made their money in a different time and in a different world.
*looking at you Tom and PBD. I love ya, but you guys sound ridiculous everytime you speak on economics. Truly, infuriatingly ridiculous. And i say this as a genuine fan and longtime subscriber.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.
Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
I’m 36 and work 6-7 days a week for overtime my savings got obliterated trying to keep up with bills. Had to move back with mom who is 67, I should be taking care of her. I’ll never forgive this administration for what they done.
makes me sad reading this. Where do you live and what is your job if you don't mind me asking
What the fuck do you do for a living that you can’t work 6-7 days a week and have to leave your home to move in with mom?
@@GuoSlice your fine, Virginia at a shipyard
Watch Breaking Bad and learn how to make easy money and live like the stars.
@@darbyohara did you read what I said? Clearly I said I work 6-7 days a week.
“You know it’s funny when it rains it pours. They got money for wars, but can't feed the poor”
Feed yourself. Quit voting for spendy politicians who piss keep raising taxes and stifling growth
Also, they got money for illegals instead helping low-income US citizens.
Bars
🔥🔥🔥
Instructions unclear....sounds like Ukraine needs another 80 billion.
I'm a single dad (with full custody) and a school teacher of 30 years. News-swilling and conspiracy-a-paloozas aside, I have been closely monitoring my finances since refinancing my house in August 2021. At that point, I was debt-free and only had the house payment to manage. Around November 2021, I noticed prices skyrocketing. By spring 2022, I had credit card balances again. By summer 2022, I ook out a personal loan to cover those cc balances...... I was getting crushed. I don't take trips. All my vehicles are 1990s models and paid off. I havent bought clothes for myself in three years. From 2021 to today, my homeowners insurance has doubled. Auto insurance has nearly tripled. Property taxes have increased with the state inflating property values, my $150/week grocery basket (in 2020) now costs $250.....and to add insult to injury, my 6% increase in salary was met with a 6% increase in income taxes. My family has been crushed since 2021. No politics. Just facts.
But it feels good to know the PBD TEAM IS RICH AF? SO happy the guy in the blue jacket pointed out that THEY ARE not SUFFERING AT ALL.
@@jamesfarthing314 *Tom and Pat- "bUT jUSt WOrk HaRDeR. dONt coMPLAin"🤪🤪🫡
Which state are you in?
@@kmrapanmedia3176 I'm happy they're not suffering.
Its absolutely infuriating to hear Tom give his boomer financial advice, and PBD his multi millionaire advice though. They're completely disconnected from reality.
At least Pat is relatable and respectful though... Tom does the smug boomer thing and i want to puke every time. That guy is way more annoying than Adam.
Good luck to you and family 🙏
Been living out of my vehicle for almost 3 months now...
No alcohol, no drugs, worker.
Not due to my actions... there is NO safety net for U.S. taxpaying citizens.
Skipping meals... I'll be doing that till NEXT WEEK due to an unexpected car issue!!! Greatest country in the world...
Prayers for you. It might sound empty, but I'm sincere. I pray that God will open the doors for you to receive what you need 🙏🙏🙏🙏
@@kathleeningram3880 I truly appreciate that🙏
No family at all?
@@GUITARTIME2024 no, no REAL "family", just relatives. Father was absent my entire life, mother is an EXTREME covert narcissist, & that pushed all other "family" away through the years🤷 What's even worse, is my "Aunts" & "Uncles", are such COWARDS that they KNOW that my "mother" is an extremely nasty, resentful, mean hearted, ABUSIVE person, & they're too afraid to say anything TO HER, because they don't want to face her "wrath". It's pathetic.
@@stjbananas God bless👍I can only HOPE to own a small farm some day🙏 but I can imagine the costs that are probably crushing you also. At least be grateful you have a roof over your head & food to eat, hopefully things get better for us all. Much appreciated✊
This just means we need to send another 1000 trillion to Ukraine!
We need to send all the sons of the democrats to join the Ukraine army . Agreed?
Money laundering Ukraine scheme
@MR.TOYBOXaand Israel , Taiwan 🎯🥺🥺
And Israel
How bout forty-four kajillion-hundred-thousand-billion two dollar bills?
So we bailed out the corrupt banking industry 15 years ago to avoid future banking issues. How is this a surprise?
It’s the banks’ fault we have higher than normal inflation?
Black rock 😂😂😂
Without our money there is no bank and no government ijs
And SVB last year.
@@mariehartley6840 hate to tell you this but all you have in your possession is fancy paper ( government note) and/or 1s and 0s in a computer. They ( the federal reserve) have actual precious metals of value in their vaults, can you say the same?
I’m living paycheck to paycheck and it’s exhausting.
We are too, and we're really feeling the pressure. There's nothing left after we pay the bills and get groceries. I'm frugal too, but it's getting beyond being frugal now. Sad
So are most people I know.
Sad when you USED to be able to afford all your bills!
Lucky you. I'm living day by day😅😢
I never want to hear a single peep from people who keep voting Democrat.
One reason Evictions are increasing is that landlords were blocked from evicting people during the pandemic in many areas. People lived rent free for 36 months.
DO you have more specific details? 3 whole years? what percent of the country? None of that happened for one month here where I am.
I was I could have 😂
@@dontsettlefor500millLook up covid conviction moratorium. Are you gen z?
@@dontsettlefor500mill Are you gen z?
@@dontsettlefor500mill Are you gen z, or from another country?
Just got kicked out of my $1900 a month one bedroom apartment. I'm officially homeless and VERY desperate. This is dangerous.
Bro I was homeless during Covid. I ended up becoming so desperate that I moved to another state with only 2,000$ to my name. I feel something g bad is coming soon, and I hope things recover. Everyone is struggling, and nothing is certain...
Thins are way better now. I got 15,000$ to my name, but I feel things are going to come down.
Still on WiFi?
@@punt4madreYou can find WiFi anywhere and not pay for it 🙄🙄
@@punt4madreStarbucks
@@punt4madreare you a boomer? There’s these things called “data” and “smart phones” you can also get wifi for FREE at certain establishments
People are giving up their pets because they can't afford to feed them. Especiallly sad for the elderly whose pets may be their only company.
I'm there myself, but I just do without things to feed my buddy. This isn't going to end overnight.
So we should take care of the elderly? How liberal of you.
oh that is so sad
Maybe that's the problem? Don't leave your elderly to die alone, American culture is sick af, you grow up and leave the people who raised and took care of you in a shelter, it's crazy really!
Someone's dog (not even walked by the owner) randomly bit me out for a walk yesterday... think it is time for a lot of people to retire their pets. They can't handle them and they don't discipline them. Low standard for humans, equally low standards for their pets.
I stopped eating breakfast and lunch, work 60 hours a week, feel exhausted all the time, pay 60% of income on my rent, the rest on bills and groceries. I'm done with this life, its miserable.
Get a roommate maybe?
Looking good though I bet hahhaa in all seriousness I’m sorry to hear that
and then when you die , you don't know where you're going
My thoughts exactly. You are not alone.
Read the Bible. The next life is what really counts because it is forever.
Brother-in-law works for an RV dealership. Asked if they have seen a slow down. He said they are as busy as ever because people are buying RVs to live in because they can't afford rent or a mortgage.😢
Brand new RVs are expensive as hell. Why would it make more sense to drop $200-300k on an RV vs simply paying monthly rent until the economy chills out?
@@Noah_527they aren’t all that expensive. You’re thinking of luxury RVs. Google them😊. The monthly payment of $1000 vs $2500 rent for 2 bedrooms.
there is no chill in this economy. the fed has us positioned where it is either inflate or crash. there is no middle ground
@@Noah_527depends on which ones they are buying.
The quality of RVs is piss poor compared to 5 years ago. Declining quality for the ones who are already down.
They asked Kamala why havent you been to the border, she answered i havent been to Europe yet. What kind of assinine answer is that
and now she's running for actual president..
You mean anointed @@bynkro
@@ExcitedIsoscelesTriangle-ot4rk exactly, that's how a democracy works!
@@bynkro can't tell if this is sarcams or your real thoughts ... if they're your real thoughts you need help
@@ExcitedIsoscelesTriangle-ot4rk definitely starcasm.
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. I plan to retire at 62 in another country outside the US that is free, safe and very cheap with a high quality of life. I could fully just rely on only my SS if I wanted to when that times arrives but I'll also have at least one pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Retiring comfortably in the US these days is almost impossible.
I know this FA, Abby Joseph Cohen Services but only by her reputation of being a former employee at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
@@KimJimCastro
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, she was able to scale this quickly to $150,000.
Abby Joseph Cohen Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
The very first time we tried, we invested $7000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
Say the quiet part out loud and say that by evicting illegals rent will go wayyyyyyy down…
Who's next after that. Disabled, after that, the elderly, after that invasion of other countries.
Especially at the lower ended of rents. Where people are hurting the most. Over 20 million people here illegally.
How much do you think your food is going to cost?
Are college-educated American kids going to pick lettuce in Bakersfield in 104 F?
@@szililolabuI can grow/raise my own food, illegal immigrants need to go, either peaceful or...
THIS IS SO HEARTBREAKING! I knew it was bad, but hearing how so many are suffering is so very sad. And our government, opening our border and handing CRIMINALS hundreds of millions of tax dollars A MONTH in the form of cellphone, luxury hotel stay, 100% medical card, $2200/month, and 3 meals a day! That's what pissed me off, hearing that families are skipping meals, crazy.
I agree it's alarming but let the news tell it and Harris this is the BEST TIME TO BE AN AMERICAN JOE HAS THE BEST ECONOMY AND CREATED MANY JOBS
I never thought our country would sink to this level as a kid we’re becoming a third world country from Democrat leadership.
What makes you think it is tax money going to immigrants? The IRS is a huge slush fund. Not to mention the Fed Reserve. Do not worry things will implode soon.
@@normalguy5452 thats the plan...The Great Reset. Have to tear down to rebuild, and 2030 is close to 5 years away
It's all planned. People have been saying "you will own nothing and be happy" like it's some kind of joke. It's not, that is the literal plan and people are following it like Lemmings.
Jobs are only up because we all now have to work three jobs just to afford food
After the quet quiting covid run, my company, raised the pay of those who stayed to keep us. I got a raise every time someone quit, loyalty paid out. I zoomed from 66ish to 100 fast.
Jobs are up because after we were told we could go back to work we did it's never been a real issue nor a real flex for the current administration but people believe what they hear on social media so we will always lose
@@The_High_SeAs100 is like 50 prior to covid. 100 isn’t enough at all!
And seniors that physically could had to go back to work.
Well no, jobs are primarily "up" because of the drastic influx in working-age adults into the country, as well as jobs coming back that were previously put on hold/released due to the pandemic. Working extra jobs is just icing on the cake.
In Austin TX, the homeless have flooded the street corners and large parks. If you talk to a lot of them, you find they were working and had apartments just months before. My belief is that many Americans can't last under this regime of decay.
Trump will save them. Tell them to hold on and keep the resume fresh for Steve Bannon and project2025. Lot of good gigs upcoming
I was in a furniture store yesterday and the owner informed me that they are calling police all the time now because the homeless are coming in, trying to get relief from the heat and sleeping on the couches.
And this is not even remotely in a bad part of town.
Shocking!
These guys need more friends who work real jobs. They are out of touch with the working class.
These guys are in the safe rafts, while they watch the Titantic sinking lol
Yeah, you just couldn’t help but notice the condescension of lower income level people from Adam.
We--meaning me and the lower income earners--need to change our game up. Maybe politics, a different entrepreneurial business, much much higher paying job filling an essential need, maybe a different business model--coop
So what if they aren’t desperate for money. They’re still on the side of those who are suffering the consequences of inflation.
@@timiwithanethe jew has a condescending attitude towards the poor? Color me shocked lol
If that's the middle class can you imagine what the broke class is going through😢
I can tell ya: it’s absolute hell an harder ever day to fight back the depression of feeling like I’ve failed as a husband and father.
@@rikflare7970 i can relate to that. It’s so embarrassing that i have to borrow money. I’m actually dealing with depression. I’m trying to be better and find better jobs. Feel like a failure as a father and husband too.
@@rikflare7970 just worrying about it shows you're a good husband and father 🙂
@@TejanoPatriot1776 same boat, but we can’t stop or give in cause that not what a dad does, we fight with all we got an we defend what means the most to us , never we never give up or in👍
@@rikflare7970 amen to that 🙏🏼
Skipping meals is the new normal.
Take a look around you. It doesn't appear that way.
Every era has this most countries people eat less and out live americans about 10years to 20 years
We got pushed intermittent fasting as a health hack. Maybe it was really a way to condition us for the new normal? 🤣
I love how Adam pointed out that they all have "never been richer" during a talk about how people are suffering and getting evicted. Nice touch.
Right
He’s a weird dude
Zero awareness
Agree.
Yep
During a corrupt economy, hard work gets you nowhere.
So damn true, I seen employers actually go out of their way to punish hard, honest workers, while ignoring and maybe even promoting the worst of the worst. Literally everybody I know now is witnessing this and watching employers can good workers, make excuses, brag about record corporate profits while they then lay people off and replace them with DEI hires.
It's just straight up run to the exits before its all gone GREED!
Quitting drinking is a definite pay raise.
Just lie in pink insect bug sludge in your individual pod logged in to the Metaverse in your headset. I don't see the problem. You don't need a treat or to relax right
10 years ago I knew a guy who had a monthly budget line item for alcohol that was more than my rent at the time of $1400/month.
@@Macfromwales For the ones who can drink occasionally or be a full on alcoholic and NOT let it consume them and or disrupt their finances, family etc. then by all means keep drinking.
@@Macfromwales It cost over $500.00 a month to be drunk quit in 2010....
How about smoking
"Folks, you cannot outrun the Communists."
Yet we're looking at 4 more years of this nightmare if Camel Toe is "elected."
@@stjbananas”elected” just like dementia joe
Rents are higher because insurance rates and labor costs went up for maintenance. Inflation is effecting everyone.
Don't forget property taxes are way up also!
Exactly. I'm not helping a landlord unless they pay me a premium.
Don't forget lower vacancy rates. In many jurisdictions, it's difficult to impossible to build new rental units because of prohibitive zoning restrictions and permitting processes.
Rent control needs to be put into law
@@hughbell212 Rent control destroys any incentive for any landlord to put rental properties on the market.
Drive inflation up to 9%, then bring it down to 6%, and tell us you saved the economy? We're not stupid.
Everything has tripled and quadrupled in price. 9% is a horrific underestimate..
The goal is to disappear the middle class. And sadly, they are succeeding
If abortion is your number one issue, you need to look at what kind of heart and brain you have especially with what's going on right now. People are more worried about killing babies in the womb than helping those who are alive. One seems to have a death and destruction culture and one seems to have a build, survive and hopefully thrive culture
Middle class here. Working our butts off but barely keeping our heads above water. We lived very comfortably a few years ago. Not anymore. Trying to buy a house to raise our daughter, but last two times we've made an offer, the contract goes to an investor from out of state that is now renting the homes out, robbing us of the opportunity to own a home where we have been living and paying taxes for the last 25 years. So tired. We can't go on like this.
You are correct america has its end. Nothing last for ever there no fixing this so brace for impact
Most Americans who perceive themselves to be middle class - aren’t.
There’s really only 2 classes today - working class + investing class.
SLEEPY JOE DIET = Starvation....greatest weight loss plan EVER😂😂😂😂
Biden may single handedly cure diabetes for this generation. He could be heralded a hero in 25 years by millenials and Gen Z.
I am a homeowner, but I can understand why the landlords are raising the rent. My mortgage has increased by $120 a month with the raise of property taxes, and insurance. The utilities have increased significantly. I called the plumber. The same plumber I always use that charged me $125 for a service call now charges me $150.
Groceries, increased energy prices, increased insurance are all crushing me along with local taxes spiking astronomically!I personally started skipping meals to ensure my kids are being fed.
Being evicted is not shameful!! It's downright life changing scary! I mean, I grew up in NY, NJ catching the bus and the train and sometimes I donate $1 or $2 to homeless people commuting back and forth to work!! And is very Sad! This can happen to anyone with just a few miss steps or Badluck! God Bless those people.
Never give money
Side hustles won't help when no one has money to buy the side hustles.
My side hustle is down 75% this year. Something really broke around October 2023.
It’s getting to the point where it does not make financial sense for Gen z to move out of their families house. What’s the point of owning a home to end up living check to check & potentially get thrown out if you miss a payment & something goes wrong. These prices aren’t sustainable for a majority of the population, the future worries me as I don’t see this getting better.
The point is you are an independent adult not mooching off mommy and daddy.
Trump can revive the economy by drilling, it’s not rocket science
you're not mooching off your parents, it's just plain smart. you're obviously gen x or a boomer. only a moron gen z kid would be wasting their life away working to pay off someone else's mortgage
Parents are unbearable
@@bryanstellwagen3071 Not mooching if all parties who live together contribute to the house. Nice swing & miss, I’ll keep saving 30% + of my income yearly, thanks.
There's a new neighborhood being built near my home. The sign reads "new homes for rent". An entire neighborhood of rentals.
Sounds like someone dismantled an apartment complex.
You must be from a suburb. In cities, this is common.
@@livennlearn I have a feeling that the idea sinking into his brain was not as novel as he made it sound.
This episode feels disconnected. Glad you're all doing the best you've ever done coat tailing the crumbs of the struggling working class.
I was making six figures under Trump. I’m making a 1/3 of that now under Biden. I was in mortgages and I will never not blame Biden for my career destruction
Same here. Was making 6 under Trump.
My brother is a far lefty and is a freelance IT contract worker. He was making around $150K under Trump. He made $38K last year.
My wife and I make triple the money we did 3 or 4 years ago and we don't even notice the difference.
If i hadnt bought a home in 2021 i don't know how we'd survive.
**according to CNBC a family of 4 in Maine (we're a family of 5) needed to make 66k a year to "live comfortably". Today, its 230k.
Anytime someone tells you to just work harder, laugh at them.
Cabinet maker here. My story is the same as yours. 200k in 2020. About 25k under biden
@ianmedford4855 you must work for the government
I live off soup and bread, I've never been as bad off
Fact. Single person. Weekly rations.
1 6 pack ramen
2 cans red beans
4 tin of tuna. That's it.
Go fishing and hunting
@@jeanalmanord-hm3zvis it the 1800’s? You know he’s probably working every single day right?
@jeanalmanord-hm3zv 😂😂😂 it's 2024, that's supposed to be leisure not survival but it's getting to that point.
😮😮😮😮😮😮
I’m broke !! I just spent 4,974 bucks to save 2 teeth !!! I just pawned a gold necklace to pay for it !!! My saving was up 27% with Trump !!!! I never gave one thought about politics… I have the last 3 1/2 years!!!
Sorry to hear that. I had to get a crown a few months ago and that messed me up a bit for almost :$400. I recommend looking into going to Mexico to get future dental work that is expensive in the US. There is a good video about it I recommend watching called: Mexico is taking care of America's care crisis.
Stop worrying soon the hell will be over this remember that it is rich wealthy people who are the cause of this and it is clowns like these two trying to paint another Pic so you don't blame them can't you see threw these clowns look they even got the rock and you know what's he Into there all worki g together keep that in mind.
Just spent 2k on a root canal!
They quoted me in Mass for a $1800 for a root canal went over seas and spent $160 don’t rely on America’s healthcare anymore there are other options just do your research!
You were enjoying Obama's economy. Trump was literally on cruise control b/c he inherited an expanded growth econ (things don't happen overnight)..... and then the pandemic came along w/ the free money printing which both presidents had blood on their hand in that regard. It is what it is!
I have never seen prices on all levels been so high. Rent for most people in my area have doubled since Biden been in office. From 1200 to 2400 just like that. Food prices have risen to about 4 times for eggs, milk, bread, cheese and etc. Gas has almost doubled. Water bills and electric bills have almost doubled. Who in the hell wants these policies to continue.
And to think that there are lots of people who still support this circus of an administration.
Whose life was better 5 years ago under Trumps.?
Everyone’s!
For example unemployment rates were at an all time low for young African American men, who are historically the most under employed demographic...which is why they're now polling at the highest rate in favor for a Republican candidate ever. Bidenomics has devastated them
Both parties are to blame. Trump prorich tax policy, Biden pro handout/stimulus. No one is willing to balance the budget or challenge the big corporate donor class.
Mines, I had a great job & my tuition was decent, now I have to choose between eating or filling up my truck
@@beddythecorgi4269Wrong. Trumps tax policy has nothing to do with today’s economy. Nothing.
My family sold everything and left the country when Biden got elected. Our monthly expenses were about $10k per month. It's now about $3.5k for our family of three. We are so happy! The grass isn't always greener on the other side, but sometimes it is.
Where did you relocate to?
@@stephenslugg807 We relocated to south America. Figured we'd go to where they're leaving from.
Me and my husband was doing so much better when Trump was in Office. With Gas Prices, groceries, car Insurance, House Insurance and Medication and Utilities rate sky rocketing. I work everyday and save everywhere I can to keep what we have worked for .We have had to cut back on everything. My husband is retired and has health issues but said he is thinking about going back to work at 71 years of age. It sickens me that we help everyone in other countries but we can’t help out American citizens.
I am 62 still working withdraw $10k out of retirement to survive.
The economy is hurting family relationships it’s gotten that bad
The term "side hustle" is a gimmick perpetuated upon the American people to "make hip" the fact that your using your most precious commodity (time) with family etc to survive in this crappy economy. This coming from a guy working 15 hrs a day
How long did it take you to figure that out? Lol
We are experiencing COMPLETE CHAOS.
EVERYONE pays the price for failed policies, except the ones who issue them. Yes, they may be voted out. By then, it's too late.
And the groups that put up and endorsed them like these two clowns
The wife and I came from the good ole working poor Queens, NY neighborhood, and back in the day we voted Democrat because our parents told us we were Democrats so we did. Once I hit rock bottom at 27, and her Father died when she was 20yrs old we both changed, and we looked at things differently starting with our faith. Once we changed, repented, and refocused everything changed for us, and for the better. We would have never thought we would be on this side of the fence with grandchildren and having everything paid off. It starts with the Almighty 1st, then Family, and then country, but you have to love, and really care about people. Today, there's an obvious fight between good, and evil. You can see the good side if you have eyes to see. You have free will....pick aside, but know there are rewards, and there are ugly consequences. Praise YAH!
Truth be told. Amen.
Excellent post!
Amen
You think the obvious fight between good and evil just began to exist TODAY??! It's been with us forever, and the important to realize part, is that the evil ones think they are they good ones!
I live in Birmingham, Alabama. I have lived in the same apt for 5 years. My rent has increase 50% since then. I’m paying $1350 for a one bedroom 925 square feet. It is crazy. I’m lucky to be able to afford it, I’m a single woman in my 30’s and haven’t wanted to keep up with a house by myself but sometimes wish I bought a few years ago. I work in technology and make 6 figures. I can’t imagine how folks making less get by.
I just moved from the Austin Texas area to Southeast Missouri in the Ozarks, completely off grid, I pay less than $1000 a month for my 12 x 32 shed house and my 7 1/2 acres, if people had the survival skills they did when we were hunter gatherers, this type of living would be a lot more common
I'm paycheck to paycheck and just had my car stolen in san diego by the homeless. I can only afford liability insurance so I'm not covered and now have a 1500 dollar expense I can't afford just to get my car fixed to be able to go back to work. People have their limits, and it's going to be bad when more people reach it.
Atleast they are all richer than ever makes me feel way better about working all day and having nothing.
He should of edited that bit out, I'm grand screw everyone else, that attitude is why we are where we are
what's new?...rich people are always telling poor people what to do 😂
I'm glad Adam talked about it. they're trying to make you think that they're just like you and they're not.
EXACTLY. THE GUY IN THE BLUE NEEDS TO READ THE FREAKING ROOM
@@alanianfintan EXACTLY. how can any of these idiots comment when they SPEAK FOR NO ONE BUT THEMSELVES
@@namelesswreck6383that's every right wing grifter channel on RUclips 😂😂.
I love how Tom always picks out 2 things no matter what the issue is. Tom is smart. 👏🏿
He's great at kissing PBD's ass
Same here. Was making six figures under Trump with one job and now I earn half of what I made under Trump with TWO jobs.
Happy to hear you guys are doing better than ever. There is a very thick line between having enough to cover expenses and not having enough to eat.. Then there's the level where you have enough to live comfortably but you;ve had to cut back on the second holiday each year and perhaps the second car gets replaced every 3 years instead of 2. You're somewhat depressed that you may have to take both kids out of boarding school and send them to a private day school instead. The psychological shift that occurs when you realize that you've given up luxuries such as meat, ice cream & candies for the kids, your annual holiday abroad, is massive. You realize that every penny you spend sends you and your loved ones deeper and deeper into debt. You literally cannot move or exist without going down that slope where every second you are sliding, sliding, with no way of stopping. You become immobilized with fear in case you make things even worse and of course the immobilization is the worst thing of all. Your remaining self-confidence vanishes as you feel the faith your loved ones have in you vanish.. Of course, if all is going even reasonably well and with a bit of financial adjustment, cashing in a few bonds to get through the "tough" times, the psycological effects are completely different and, dare I say it, if you haven't experienced that desperation it isn't something that can easily be imagined.
I work 2 jobs 65hrs a week. Very stressful
Just received car insurance quote. The lady was embarrassed to even quote me. 4000.00 or so not less, for. 6 month policy. Outrageous.!
Start shopping around. Saved $100 a month switching from Geico to AAA
It's because of all the morons that had the jab, the heart attacks etc are pushing the prices of insurance through the roof
For what car?
Insurance is a scam.
Wth are you driving a 2025 corvette, lambo or something!? I'm in a bmw mines is $1800/6 months.
What happens in the USA comes to the UK in 12 months. What's happening? Massive costs of basic groceries. What's happening now in the UK? Miliband is covering good farms in solar panels in the pursuit of a loony green policy. How much will milk cost us next year? It has to be stopped or we will starve, it IS that serious folks.
It pisses me off that an individual can be worth billions so much money they couldn’t spend it in 10 lifetimes meanwhile you have veterans that sacrificed themselves to give you the opportunity to make that much money. You could give away 3/4 of your money and still be richer than 90 percent of Americans. Do something good with it help the veterans
Corporate greed is real. There are no more covid-related supply chain obstacles, yet prices are still high. This entire video somehow missed that.
How can it ONLY be 4 in 10? Who is comfortably paying their bills?
It's more than 4 in 10. Nobody I know is having problems.
All the people I know are chilling and not stressed, my best friend just got a boat. He says it's not big but it can fit 5 people, like he's humble😂😂
6/10 are not living paycheck to paycheck. We forget that the most vocal people on the internet are usually younger and a bit angrier about life. We forget that there is a silent majority in this country who lives a simple life, has a decent job and isn’t suffering financially.
@@lot2196My family is blessed, but who in the hell would believe you, if you told them you’re making 150k plus/yr. in ALABAMA…And our groceries have changed the way we spend on food. We got rid of our cable, my college grad son can’t find a job where he can move out on his own. I have a liberal friend that actually asked(on FB), “Are you better off now, than 4 yrs. ago”?? This was JUST as Kamala was given the spot. Ppl are crazy/brainwashed.🤦♀️
Bc rich douches are doing just great.
Yall need to come see the Washington DC area. They are living high off the hog here while the rest of the country pays taxes to fund thier remote work Winery gastropub experiences.
Patrick thanks for your channel. During C0vId I lost my job at a retirement community, while working as a caregiver/activities person. It was due to reporting them to the state I live in (of course they will not say that), that I was fired. I reported them for mistreatment and neglect of the residents. I spoke to my landlord, but then I was evicted by him. Here's the crazy part...I was paying my rent, and he even sent it back to me. The courts still allowed him to evict me. I could mot find a job orplace to stay, I livedin my care and at hotels which killed my tiny retirement. Not only that I never got any of the money the gov gave out. An ansolute nightmare!!!!
In Tulsa Oklahoma, 4 or 5 years ago, you would occasionally see homeless beggars downtown. Now you see homeless and beggars on every street corner, and tents pitched behind all kinds of business. Tulsa has a great storm sewer system with large tunnels under all the streets. The tunnels are unfortunately now filled with homeless people. It is so sad, i never thought that i would see America like this. 😢
We in the middle class are getting absolutely shalacked.
The insane part is Kamala is barreling full steam ahead with tons of support. I dont get it.
She doesn’t have a ton of support. That’s just gaslighting by the media.
The willful refusal and laziness of Americans to take the time to learn about economic concepts, e.g., excessive printing of money causes inflation, AND financial concepts, which aren't the same, causes those people to vote Democrat as they want to vote for the party they feel will "take care" of them.
Preach! The government is not supposed to take care of us...good grief!!!
How SINCE TAX PAYERS cover the co$t of govt "hand outs"& MOST OUR decent paying Jobs were sent overseas YEARS AGO for politicians*personal stock portfolios* in
* "human commodities"*
@@valdivia1234567 there is an entire generation of Americans that have never seen capitalism work for them. Quite the opposite in fact. That's a problem.
All they see is billions of dollars going to Ukraine and Israel, and they figure that if the money is going to be spent, we should spend it here.
The fact that they are becoming socialists isn't their fault. Its 100% ours. We lacked the courage to do the hard thing, and we lacked the competency to maintain the system.
Government is a complete failure…Left wing right wing both attached to the same bird
@@ianmedford4855 Bull!
People and pets are in trouble some people are leaving their dogs and cat loose because of the increase on rent
Be responsible don’t own pets if you can afford them
@@JayJay-fc2fhpets live over 10 years, they probably could afford them 4 years ago
@@johnotto4931 true
@@johnotto4931 better vote trump lol
If something good doesn’t happen fast, I’m ready to depart this world. I’ve done everything I can. Side hustles, home businesses, etc etc. on top of working 50-60 hours a week and being a mom. We dont have a safety net with family, WE are everyone else’s safety net. We would just be homeless, period. If not for my kids, I would’ve already stepped off a bridge. I’m tired. Grew up with drug addicted parents, homeless. My whole life I been a fighter and have done everything right to break the generational cycle in my family. One pandemic and a Biden administration later… everything I’ve worked for is gone and my husband will never retire. I feel hopeless. Have hardly slept or eaten in days. … but I keep working and pushing through as best I can. But I’m not sure for how much longer I can do it. Genuinely.
Thing will get better. Your kids need you❤️
Your not the only one. Sick it up. Move forward. You can do it.
It’s really sad what our government does to its own citizens, and we’re supposed to go out and vote? GTFOH!!!!!
You’re now starting to figure this out??😂😂
@fivestarlimos right lol
They're are a lot of people out there that can afford to skip 2 meals a day.The Biden economy is just as bad as we have been saying it💩.Nashville wages have not kept up with inflation. Reached 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024 So happy I’m not living paycheck to paycheck and it’s exhausting.
Wow that's huge, how do you make that much monthly?
makes me happy reading this. Where do you live and what is your job if you don't mind me asking. I'm 37 and have been looking for ways to be successful, please how??
Woah for real? I'm so excited. Sonia Campbell strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started...
I feel so reluctant cause Sonia Campbell was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Sonia campbell.
Life is good if you're actually doing good things. I've never been richer .Sonia Campbell concept is key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With SUK made a profit of over 28,863 dollar.
To be honest, one quarter of Americans SHOULD skip meals.
3/4 are overweight. Grass Ground beef is the way to go. Stay fuller ,
bread gives you energy like sugar
That's not the point. All Americans should be middle class. Because all the cash for wars should be deposited into to Americans accounts
3/4 of Americans can miss MULTIPLE meals and be just fine.
We're eating less, I lost 20 pounds and my hubby 70.
Just from eating less
Already am. It doesn't cause weight loss. If you are stressed out it still doesn't work. I know what you are insinuating.
Ok buddy calm down🥙🫔🌯🌮🥪
I live in northern KY my wife and I both work. We live in a 1 bedroom 650 sq foot apt. They raid our rent 100$ the past 2 years. This year they raised it 200$. My wife and I both work and we don't know what we're going to do. No assistance for working people. We will eventually be homeless. Don't know what we're going to do. Please keep getting the word out.
Exactly, no help for working and honest, tired people. But illegal fraudulent immigrants that lie about their sexuality and women's right abuse etc just to get sympathy, asylum and a greencard get the red carpet, not Americans. I used to be for helping immigrants and those who are in need, but never at the expense of one's own citizens. Other countries should take care of their citizens and they know it. It's not America's job to care for other citizens when they willfully enter USA and plan to over stay their visa. Other countries don't card about Americans. Their laws only favor their own citizens. We are the only nation that 'cares' for everyone else with 5 star hotels but leaves our own military and American families starving and homeless. We need to change the birth right law as well that people can't just come here, have a baby, and become American and abuse the law. If a country doesnt reciprocate the same law for Americans abroad, then they shouldnt be granted the same. These people don't contribute to society, get their citizenship and go back to their own native country all while being able to collect public benefits while being dual citizens. Those people are very very rich. I've met them.
I live in Campbell county half the year.
Look up realiant property management. They have stuff go through all the time.
You may want to look into buying a small camper and cut expenses!!
Had my wife not desired living off the Ohio, I’d have been deep into Boone county away from people! You ought to look for a chunk of bare vacant land, pop up a camper and coast!!!
THESE CLOWNS DONT CARE ABOUT YOU
It is happening to me right now. 63 yrs old. And HOMELESS. Was in my House 13 yrs. But, was evicted. Now living in my car
Yup these guys got richer n they want you to believe that they more talented than you. They won't tell you that they benefitted from goverment bail outs n pumping trillions into the stock market to artificially inflate these guys stocks
Work in 140 degree attics doing insulation. Im POOR. Barely keeping family fed and lights on. Half or more of my check is groceries. This is bullshit.
Job like that seems like you could do almost solo and pocket all that money.
@@internetpointsbank that is the goal but don't qualify for a loan for the equipment to do it.
@@hippiecuster4366 Start out small. Get familiar with working on and maintaining said equipment and vehicles. Then you will know what to look for when buying used equipment. Then look at a business loan or personal loan.
I'm just confused, I live in Indiana... they say based on the economy that my rent will go from $1,140 to $1,461 per month! That's a $321.00 per month increase. I'm struggling to pay rent as it it. I make $20 an hour working full time, after taxes, health insurance and rent I still have to eat. What can I do?
Poor is a permenant mindset.
Broke is a temporary state of circumstance.
The broke pays for the poor
And the wealthy come on now you seemed smart are you how can you miss that.@@jay7949
We have a financialized economy, which creates a rentier class who feed off the productive members of society. Registered nurse here of 30 years, I make decent money since I work in a union shop on the West Coast. My RN peers on the East Coast or Mid West with the same level of experience and skills are making an insanely low rate of hourly pay. Travel nurses are making very good money, but those gigs are getting harder to come by because most healthcare organizations are hemorrhaging money. Middle-management non-clinical staff has ballooned to a level I’ve never seen in 30 years. C Suite executives are getting paid massive amounts of money every year. This doesn’t end well for society as a whole. You can’t live in a society where 90% of the population is disenfranchised and expect to have any sort of cohesion peace or harmony. Look at the wealthy in Venezuela. Do you think they feel safe ? Armored cars, private security, double gated homes. Recently, a coworker of mine who used to live in Texas had two of her friends who still live there, labor and delivery nurses killed while working, shot to death. I’m not a socialist. I do believe people should have to work hard for what they have but I think many people are working hard in this society, and that no longer works for them sadly due to the Inflation, which is a result this financialized economy in place of a real productive economy.
Never been so disappointed in a PBD podcast. I think it's absolutely inconsiderate to say that you're richer than you've ever been in your life. There are many people hurting. Not the wisest choice of words.
It’s just the truth
My husband had to take early retirement, 61, because he was unable to find a job. He has been a very high paid IT consultant, SAP ABAP, for many, many years. He turned 62 last month and is waiting on his first Social Security check. He had no intention of retiring this early, but large manufacturing company’s want Consultants that can do a bunch of different newer applications, as well as SAP, For their large implementations. This is not what we had planned at all!
Decades of being paid well and here we are...
I response, he was able to make the systems do whatever clients wanted via customization. He wrote and rewrote entire systems for companies like General Motors and Goodyear Tire over the last 30 years. Plus a 160 IQ. Not your run of the mill IT guy. He’s made $135 per hour as Project Manager but headhunting companies billed him out at $215 an hour. And you realize the job is not forever. So, companies were willing to pay for his expertise.
Thank God that we live FAR, FAR below our means. We buy nothing on credit and only purchase 3-6 year old Toyotas. We live in a previously bank-owned foreclosure on a golf course. And have zero debt except for our first mortgage which will be paid off very soon in under 10 years. And we recently sold 3 rental properties that he lived in as he was purchasing them over the last 20 years since his divorce.
We’ll be fine but I worry about my grown children who have yet to buy their first homes. Times are getting tough for everyone with this economy. Somehow, everyone needs to learn to live off of less.
It seems like your husband simply got too comfortable. Tech advances at a lightning pace, and if you aren’t willing to learn new skills and software, you’ll be left behind, and that goes for anyone regardless of age, race or sex. I don’t know you or your husband, but by the way this comment was written, my observation hits the nail in the head.
All true. The problem is that when they are paying $200+ per hour for you to implement an SAP system which covers all aspects of a company, HR, Fin & Acct, Production, Materials mngmt, shipping & receiving, sales, literally the overarching program that CEOs look at across hundreds if not thousands of locations internationally, they are not paying you to learn new skills. More than 10 years ago, he preformed maintenance on a manufacturing company’s system (more on than off), over a twelve year period. He learned new applications there that were specific to that company. But there are thousands of applications so finding an implementation gig where you have the exact qualifications is almost impossible. Fortunately, he purchased several properties that he converted to rentals over the past 20 years. He’s now spending much more time on his personal investment accounts so things will work out fine. 😊
What God does not intend does not happen. 🙏🏼
@@rjsophia3712 "they are not paying you to learn new skills" I have a friend that makes over 160k a year that complains his company does not pay for his certifications. Im like yeah they do... This is the first IT job hes had and only 2 years into it.
The top 3 richest Americans (Bill Gates, Warren Buffett, and Jeff Bezos) collectively own more wealth than the bottom 50% of the population, comprising approximately 160 million people or 63 million households.
This concentration of wealth is not limited to individuals; families with immense wealth also exist. For instance, the Al Nahyan family, oil tycoons and royalty, is the richest family in the world with an estimated net worth of $305 billion.
In 1976, when I was 13 years old, I had a wide awake, real, in full color VISION of the Lord's Return...
We lived out in the country in the middle of dusty plowed fields, dirt roads and woods in south Georgia. Everything looked kind of brown and crispy, like it needed rain bad. The corn field across the road in front of the house was starting to turn brown and die.
I went to my bedroom, which faced out the front side of the house and looked out onto our front yard, which had a semi-circular dirt driveway and beside the left entrance was an old dogwood tree which had to be at least a hundred years old. Highway 341 ran from east to west in front of our house, which faced north, and the cornfield I spoke of earlier was on the other side of the highway. There was a slight rise in the middle of this field and you could not see the trees on the other side, so it looked like an ocean of corn that went off into the horizon.
As I lay across my bed looking out the window, contemplating what I saw before me, I began to hear music in the distance. I specifically heard it in my right ear and the direction from which it came made me think of the high school band which practiced several miles southeast from where I lived. When conditions were right we could hear the band playing, but usually only heard the faint beat of drums. This sounded like trumpets and as I was thinking this to myself, I began to notice the music getting louder and louder, coming closer and closer, very quickly.
Within a few seconds the sound wasn't just something that was exterior, but it was inside my head as well, reverberating throughout my entire body. It was so loud and it sounded like lightning crashed directly over my head and, in that split second, the trumpet sound thundered throughout my body and throughout the entire world...everything went dark and my bed and the earth shook violently.
In a flash, I was no longer lying on my bed, but I was standing outside my bedroom window in the front yard and I beheld the scene in front of me with tremendous awe. It was still my front yard, only now everything was different. It seemed as if my entire range of vision was a huge 3D movie screen and I was in the middle of it.
The trumpets continued to sound and I saw that the blue, sunny sky had turned black and the clouds churned and the wind blew with a violence that I had never experienced. The corn field was now a sea of wheat that was golden brown and ripe for harvest and I could see every stalk of wheat individually, billions of them. And I watched as the wind thrashed the wheat until it was beaten down by the storm. I now know that the Bible speaks several times about, in the end time, when the wheat is ripe for harvest, how the wheat will be separated from the tares. The tares are gathered and bundled together for burning and the wheat is gathered into the barn.
Then I noticed the dogwood tree. It was mid-July, so of course I know there should not have been any blossoms on it, they usually bloom around Easter...but the tree was in full bloom. I had never seen anything like this. You couldn't see any leaves on the tree because of the millions of dogwood blossoms. It looked as if it were lit from within, by a glowing whitest of white, neon light and it glowed gloriously against the darkened sky. Now, I know the Bible says no man knows the day nor hour that Jesus will return, but if we watch for the signs, we can know the season. I have always felt that He might come back in the spring when the dogwood tree is in bloom. Of all the things that could have been highlighted in a vision; why the dogwood tree? I believe there is a specific message here. (Update: recently, I prayed about this and I feel the Lord placed into my spirit that this represents the fullness of the gentiles coming in).
Just as I was taking all of this in, lightning filled the sky and the trumpets thundered over head again and in an instant there appeared two angels. They were dressed in white robes, facing each other up in the air and blowing golden trumpets. They were huge and filled the sky in front of me and I knew that the entire world must be seeing this as well. When I say huge, I mean like the size of the highest mountains, literally.
I didn't think the trumpets could get any louder, but they grew louder still, building to a great crescendo and I heard a great shout that was louder than anything that you could imagine. And with that shout, it's as if the earth fell silent, the black, violent clouds began to roll back onto themselves from the center of the northeastern sky and I saw light in the distance. It was more a combination of light and clearing of the clouds in the distance that got my attention. As I looked up at this shaft of light and clearing sky, I saw what seemed to be fluttering and movement in the distance. As it came into view, I saw Jesus on a white horse and behind him were millions of angels and saints on white horses. It was at this moment, when I realized what I was seeing, that it disappeared and I was back in my room lying on my bed. Everything was back to normal and I was again looking out at a bright, sunny day.
One of my coworkers told me last week he has to go to his daughter house to be able to eat because he can’t afford the groceries and food despite the fact that he works full time. I shake my head.
@10:12 Vinnie winks three times whenever being given compliments.
People should learn how to save money, like extreme cheapskates.😆😅🤣 My sister lives like that. She had a modest paying job but she was ultra frugal. She squeeked when she walked. Now she's a multi-millionaire with a rental property paid off and her house paid off. No bills, only necesities like utitilies,garbage, and property tax. An example, my sister does not pay for cable, she uses an antenae. She buys a lot of things from Temu. She even washes clothes just past midnight to get the lowest rate.
The point is to push back against printing money and lowering out living standards not live an an iMac in earth like we’re all prisoners like your sister .
That’s a stu pid argument.
Sounds like a miserable life. The way that we live should not be this madness.
@@Seeingisntbelieving exactly.
What do you mean she washes clothes just past midnight to get the cheapest rate? Rate for what???
@@kathleeningram3880 The electricty rate is cheapest on the grid in many cities if you use electricity when electricity is not used by others.
Thank you Adam for telling the truth. PBD & company trying to make you think they're just like you,...they're clearly not. for them, it's never been better.
Canadian here ! Its the exact same up here.
Drive across the country. Humongous apt buildings are being built in cities AND on the edges of smaller "red" cities. Who is investing in these thousands of units that aren't fully occupied? Are they being built to cram us into 15-min cities? Are they meant for the 10's of millions of immigrants who will be given/promised freebees, then vote for the party that prints money at will and hands out a pittance to needy immigrants. It's a movie. A dystopian/Orwellian movie.
"Remember? We were driving in the Hamptons...."
Is PBD for real lecturing the middle class?
Exactly.
I thought exactly the same thing.
This is even coming from someone who is a big PBD fan.
Not for iligal migrants they get all the perks
My neighbor owns an apartment he rents it helps to pay his expenses but since Covid tenants are defaulting they stopped paying rent. He is very sad frustrated
I really like this channel. I learn alot from these guys!