Dollar General CEO issues big economic warning. (Low income people have run out of money)
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- Опубликовано: 27 ноя 2024
- Dollar General's stock price is down by 40% YTD, with their CEO reported a massive warning about low-income consumers who make less than $35,000.
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These Dollar Stores are proving that certain parts of the US economy are in Recession. Especially among low-income consumers in the bottom 1/3 of the income percentile. They cannot afford basic necessities anymore and are cutting back.
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Not a great sign when America's two biggest retailers by store count - Dollar General and Dollar Tree - are reporting such negative warning signs.
Stocks of both companies down 40% or so YTD. Meanwhile - revenue growth is flat and now negative adjusted for inflation.
Add them to the long list of publicly traded companies issuing severe warnings on the economy, including: McDonald's, Starbucks, Home Depot, and Olive Garden.
Still no crash. Just clickbait, and false info.
How about Big Lots, it used to be fun, not just cheap, now kaput.
@@LibsareTRASH There is some Ray Dalio in here...eventually they will be right. you do gotta be aware, but fear sells...
It’s cheaper and there is a wider selection of groceries at a regular grocery store or even Walmart.
Low income families are probably not invested in the stock market so of course they are struggling. Liberal politics say they help low income however their policies hurt them the most.
Dollar stores are definitely not cheaper than Walmart. Dollar generals just happen to be closer to many people’s houses
That’s the business model
And walmart is such a pain to shop at. 40 registers and zero help. I would rather pay 10 cents more to be able to dip in and out quickly.
Yeah it was never cheaper, that's not the appeal. It's being in areas that can't support a Walmart and selling smaller sizes of name brand products.
they used t be i remember 7 years ago i went there because cleaning products were 2/3 cheaper. also bday party stuff, rip its, white shirts, candles and candy lol
Dollar stores are very often cheaper. The problem is their products are a worse *value*
There's nothing to buy for a dollar at the dollar store!
Only greeting cards for $1 at Dollar Tree which is better than grocery stores and drug stores where a similar card is around $5.
I'll buy that for a dollar!
Sure there is I got 100 cents the other week!!
I find plenty of items for a $1 at the DG near me, it's a very high volume store. I buy 90% percent of my groceries there. They sell produce now as well, very convenient for me since I don't eat meat or dairy. I can't stand going into Walmart and now they charge $15 to deliver groceries plus the tip for the driver. I hope my DG close by stays open.
Kappa books publishing: King James version of the bible $1.25 'dollar tree' (NO copyright, no commentaries , no bullshit)
Those who make less than $35,000 won't be bothered with home prices. For them it will be survival. Good episode thanks.
But they do effect landlord's ability to find good tenants
@@vivalosbitcoins8266
Well as a landlord myself I'm pretty sure we're all going to have to lower our prices on our properties. I've always charged all my tenants way below what I'm supposed to charge them and luckily for me i haven't had any issues with any of my tenants paying their rent.
@@vivalosbitcoins8266there are too many bad landlords that affect this ability as well, unfortunately
@@vivalosbitcoins8266Right. People are going to be surprised at how many things are connected in the economy.
@@vivalosbitcoins8266 So the problem is the numbers not if the tenant is "good" or not!!! WTF I suspect your statement was really about the payment not the other parts of what I think makes a "good" tenant...
Dollar stores are not necessarily "cheap". A lot of them are in rural / small town areas and people use them for convenience instead of making a trip to a Walmart in the nearest city. You have to watch them - especially if they have something on an endcap and there is no price tag. They will straight up gouge you!
I agree. You also have to watch the expiration dates on their food, because dollar stores and those pretending to be dollar stores like Family Dollar all get their food from big warehouses who sell remaindered food by the pallet after it has been removed from regular grocery stores when the expiration dates get too close to the actual date. Big Lots and Dollar Tree also get all of their food this way.
Yes! True story.
Do you not check expiration dates already? You know what you are getting into so ergo.. get fooled by something date related, it's on you.
Dollar General's business plan is to get between you and a Walmart in all four directions. Told by DG executive to my husband during some land acquisition negotiations.
@@maryannecba3889 That is a good point, but I think a lot of Americans are now willing to drive a little further and shop at an actual dollar store like Dollar Tree or Walmart instead of getting price gouged by Dollar General. They portray themselves as a dollar store when they are actually no different than a 7-11 or Circle K. Their business plan never considered that people would eventually get tired getting price gouged.
Filthy stores filled with junked up aisles...It's like shopping in hell.
I I won't step foot in Dollar general again
😂
They can’t seem to find any workers to stock the shelves every time I go to one DG.
@@tonymiles2017 I worked at Dollar General part time because I was retired. They can’t find anybody to stock the shelves I only made $10 an hour because they overwork people for very low pay.
@@tonymiles2017and then if you do find someone, they don't speak English
Breaking news....."Poor people don't have money"
Wow, I never knew that!
Wow, next you’ll tell me rich people have money! 🤯
No worries, with socialism everyone will be equally “poor”
who kew devaluation of money would make people poor and giving lots of free money to the elites would make elites richer.
@@milo-qh7cv and free money to people who don’t even belong here, both are ruining everything
Small business owner here - had 4 employees this time last year. Have zero now. Doing everything myself with help from the wife. Distribution company that did over 7M in revenue last year.
That is a crazy thin margin if on those sales you cannot afford employees.
Same here
I am in manufacturing. Companies are laying off workers like mad. Other companies moving to Mexico and shutting down their U.S. plants. Major employers in consumer goods, i.e. boats, snowmobiles, campers, are laying off in droves and shutting down entirely for weeks at a time. Unprecedented in my 30+ years in business. 2008 was nothing compared to what is coming.
I have 7 employees and now down to 3. Scary time for sure and good luck to you sir.
Used to have 16 weeks of orders. Down to 1 or 2 in the pipeline. Cutting interest rates? Oh wow, your credit card interest rates go from 29% to 26%.
People try to predict the economy not realising it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
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I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
They tried scamming and ripping off poor customers with actual higher prices than other stores. Greed. The jig is up. Everyone knows now.
Yep that's exactly what they did, I went and got some mark down meats, of course they overcharged me and I had to go back with my receipt to actually get the markdown, after doing this a second time what I realized was the markdown price wasn't even as cheap as the prices at Kroger or Walmart it was so overpriced!
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The DG in my town, Columbus Wisconsin is losing customers because they are understaffed and want the customers to use self checkout. I'm not a DG employee.
@shawnasearssame in my area, they’ve closed the self check outs permanently. It’s a pain in the arss!
That is why most people on the self check out try to not scan parts of their stuff. They subtract their wage for being a cashier from the total.
The chain doesn't pay well. Always understaffed.. No employee retention and that speaks volumes.
Plus they are card only. No cash for the self checkout. Ours no longer has the self checkout.
Self checkout in a store whose business model is to attract low income people who have difficulty keeping up with their bills. What could possibly go wrong?
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Hey friend, How can I work with your Fiduciary?
Monica Shawn Marti is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.
The worker has been screwed either through purchasing an overpriced property or paying exorbitant rent. And everything else has increased in price to pay for these two things.
Exactly. The problem the problem in the world today is very simple: greed does not know fear. Last time there were guillotines.
And on top of that, your taxed on everything
Then move to Venezuela ya F'NG 🤡
@@TT-dz9bi if Harris and Tampon get in, we will be paying taxes on money we actually don't have ! We will be cooked.
The common citizens have been stripped of their freedom with the printing of fiat currency. Out of control BLM riots with defund the police rants. Constantly assaulted with decisive rhetoric. Too Big Too Fail bailouts. Our government is at war with the citizens!
Nick hit the nail on the head, "It's the price point and not the interest rate."
That makes sense!
Interest affects price of everything.. ECO 101.
actually price doesn't matter when you buy and sell creatively
@@Ashli_Rae Of course it matter, who taught you that?
That's what I've been saying for over a year now.
I dont think Dollar General was ever cheaper. Most items are specially made to be smaller/ fewer. So the price seemed cheaper, but price per unit was always higher than traditional stores, it was just hidden.
Being walking distance/a dramatically shorter drive than a traditional store is what Dollar General is based on for low income shoppers.
I do think stuff like their little jugs of Tide soap are nickel and diming people for being poor. Because of Bidenomics their customer base can’t afford to pay double for Tide/whatnot even if it’s more convenient
exactly but people think it's cheaper bc of a lower price but it's a smaller package
If you buy 25 items, they will overcharge you on 5. Check your receipt when shopping at Dollar stores!
Exactly what I have experienced.
Interesting all the other retailers can keep up on the correct tagged shelf price, just not dollar general. They make gazzilions overcharging and happily pay the fine when caught. It's a cost of doing business on the balance sheet
@@realestateguru8769Often only employee working per shift where I live. Kind of hard to enter price changes into a computer while stocking shelves, receiving freight, cleaning, and cashiering.
What receipt? The girl I bought from never even processed my items. 😂😂😂😂
That's exactly true after being overcharged three times going back twice and eating one of the charges I decided never to go back again!!
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this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Your money won't do any good with what's coming 💯 its gonna be full on panic riots blm riots will look like a block party I don't wanna see it your rich but unless you are on a private island with a private army you will be right with the poor
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Thanks to Mrs. Bruce Christelle time in my life, which had a profound impact on me.
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Not surprising. Dollar General (and Family Dollar) is more expensive than Walmart and Target!
"are"
@@martingrey2231no, "is" since Family Dollar is in parentheses.
It’s like a convenience store chain without gas and extra Chinese garbage. I’m a bargain shopper and never shop there. I miss the 99 cent store tho 😢
The local grocery store in my town is cheaper than the dollar general next to it.
@@martingrey2231 "ain't".
The main value of a dollar store is in a rural small town that can't support a big box store. The savings are time and gasoline. In my town the nearest Walmart is 3 miles away. For my my ranch in a town of less than 1,000 people the nearest Walmart is 24 miles away. Most people make a pilgrimage to stock up, but if you only need one or two things all you have are dollar stores. And many country folks drive big pickup trucks, not to be cool but because they use them for their intended purpose.
Opening a dollar store in a city or suburb is a sign of brain damage.
Going to a dollar store in a city or suburb is also a sign of brain damage.
Many go to the dollar store In The city for the same reason you listed , other stores are too far
Grocery stores are also closing, delivery services as well as these dollar stores expansion into more fresh foods (9-16 ft maybe) but not enough for people who live there to reliably depend upon are generally thought to be to blame. We don't have a grocery store in walking distance, Dollar Tree, dollar general, Walgreens, fast food and a gas station are the only things around, it's getting bad
Going to Walmart is a sign of brain damage.
Many go to a dollar store in the sketchy inner city and in downscale suburbs because these areas are usually food deserts, so they have to go there.
Cities have alot of congestion. It can take 15 min to tavel 3 miles
I went into a dollar general and was suprised to see the prices were much higher than I expected to see. And they sell a lot of poor quality garbage.
Same. That was 10 years ago when they started popping up in Cali. Never went back.
yep chinese garbage which is why i avoid walmart too. I buy locally from farmers and when i need other stuff i go online and shop for local stores that sell stuff made in my country.
Like Walmart now.
The continuously changing economic conditions in our society have made it necessary for thousands of people to find additional sources of income. Personally, I am looking at the stock market to fuel my retirement goal of $2m, my concern is the recent market crash.
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Stacy Lynn Staples is the licensed FA I use. Just google the name. You’d find necessary details to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
We afraid of investing in anything in the US last 10 years.
The last time I went into a Dollar General, it looked like a mob ran through it and emptied the shelves. It's possible they have nothing people want or need.
My first job was a cashier at Family Dollar and even back then people complained about the prices 😂
Exactly. It’s never been cheaper, just more convenient than going to Walmart sometimes lol
Dollar General stores in my area are kind of grubby and unsafe feeling.
Its like that in every area. I dont shop there because of their customers
@@floridaman7Basketball people
We were landlords to Dollar General and the lease with that corporation included the requirement that DG maintain building and grounds. We had to pursue them to keep up maintenance and appearance. We eventually sold to another investor and would not recommend that type of investment operator.
Sounds like Walmart!
@@achaatipimbinhaxiti9361Really? At my dollar general we typically deal with the pale skinned meth-taking school shooters. Hmm.
Dollar tree until recently, was the true dollar store with everything a dollar or less.
It has went up 75 percent.
@@keysautorepair6038 It went to $1.25, until they joined with Family Dollar, now it's all mixed up.
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
I stopped listening and taking financial advise from these RUclipsrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Investors ruined the American dream of owning a home. Let's hope the gov blocks them.
Government policies ruined the housing market. Period.
Democrats have had four years with this obvious policy solution staring them in the face...and crickets, not even a proposal floated. And Trump, being a RE investor himself sure isn't going to do it. So...yeah. At the very least they need to stop foreigners from buying. Nothing but million+ dollar homes in a solid 45 minute radius from Disneyland, that's definitely foreign (Asian) money at work because most of those neighborhoods are decidedly "working class".
They are both the same people . Government and investors .
exactly @@Andrew-lu6wp
@@GrubbyManiacUSA governments encourage the real estate markets because there's so much investment and retirement fund money in it and all those gains are, if course, taxed.
Thank you, Nick! Excellent presentation. My wife and I used to go to dollar general to pick up certain items. We'd always check the prices of other items we get elsewhere, and noticed not only were the price higher...they were much higher. Items we'd get there would sudden be "out of stock" on the shelf....and never return. This, I suppose, is designed to get the customer to go ahead I buy the higher priced item that's sitting in front of them.
I hope it doesn't go very bad. So then do you think it's best for us who are not institutional investors to focus on index funds or individual stocks? I want to redistribute my 60k portfolio and I preferably want the asset class with the best return on investment.
Index funds are a safer bet to start. They offer good diversification. But individual stocks could make you a fortune if you know how to go about it. Some people make upper six figures yearly from investing alone. But it's always a good idea to work with a financial advisor. It raises your chance of profit by a lot.
Sometimes I'm surprised most people don't even know they can do that. I've been making at least 200k every year from my investments by working with an FA. When you realise it, it feels like a life hack.
Wow, that's interesting . I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Vivian Jean Wilhelm” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
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 live in oklahoma and I don't shop at dollar general because they are the most expensive in town!
there are 2 within 5 minutes of me, and its a coin flip of "Which store is closed today?". The way they treat employees, the corp deserves to fail.
They don't care about anything but stock prices. OWNED BY VANGUARD GROUP!
I purchased $70 worth of stuff from a Dollar General, a while back, for $20. It was closing and was still almost fully stocked.
Good!
They don’t know Anything about Customer Service. Never more then 1 register open lines 20+ customers long. Stores are BLOWN UP! Always out of EVERYTHING.
They have EARNED their FAILURE.
Feel bad for the employees that the “leadership” is inept
I shop a local Dollar Tree for certain items like birthday cards, stuff for kids like coloring books and small toys, tissues, plastic food storage, wrapping paper, and not much else. The food items are all processed corporate garbage. My local Dollar General is super ghetto. I went in once, looked like it was ransacked. Haven’t been back.
💯
Same
Let me stop you there-
Dollar General is collapsing because their prices are entirely too high. I live in a a low income neighborhood and Dollar General prices are the worst out of all the stores in the area.
They used to be well known for being the most affordable option. But they are bleeding this place dry. Options like Walmart and other stores are ultimately MUCH cheaper.
Totally agree. They are all ripoffs now. They built their brand loyalty for decades with cheap prices and generic products, and then they flipped the script.
I went in one a few years back and they were charging $4 for a small shaker of black pepper. Unbelievable. I could go to dollar tree and get the same thing for $1.
Big Lots did the same thing.
The good news is, if anyone actually wants to start a new discount store, the market is wide open since DG and others are just self destructing.
Many items at Walmart are less expensive than what Dollar General is charging!
I blame their downfall on bad and greedy upper management.
For Example, NO CEO is worth more than $1,000 per day in total compensation!
What about pretty girls
I couldn't care less what a CEO makes.. sure its a lot of money but the scale of these companies is so immense.. the CEO of Ford makes like 18M a year but that comes out to like 8 dollars per unit. So why should I care? A truck costing $50,000 or $49,992 if the CEO would only just work for free isn't something I am going to lose sleep over.
Agree 💯
There is a way to get housing down 50%. End the FHA Mortgage programs. Wheb everyone will need 20% down payments like they used to, home owners will either take the write down or be stuck with it forever.
10 houses a year would sell
@@friendly-stranger6223 Yup! Then you tax the hell outta the rich till you force the losses on them. Easy as pie!
@@friendly-stranger6223At first. But markets have to market so they are going to do whatever is necessary to unclog the pipeline, and that happens via price. adjustments.
Uh...
Conventional has a 3% down option for FTHB.
USDA is 0% down.
VA is 0% down.
@@Advermvp And that's THE main reasons prices skyrocketed at a faster pace than inflation over the last 30 but especially the last 15 years. More leverage, less skin in the game, those two things expand the buyer pool artificially and that always ends badly.
I’m grateful my husband and I both found jobs in this crazy market. My husband’s furloughed due to the strike and already found new employment. It took me 2500 applications and 4 1/2 months to find new work. I’m happily employed.
Whaaaaat? Whaaat?? How many apps? That’s insane!!
shit that never happened.
2500 applications? hahahahahahahaha bullshit.
Kudos to you. Perseverance is one of the most important attributes anyone can have. Well done. My employer went bankrupt in 2021 and it took me about 300 applications before I found a job, and I’m an engineer and the market was better back then. Thankfully I found a much better job than the one I lost.
Happily enslaved to a job that doesnt pay enough to have abundance ? Sounds about right, just at a job to pay a bill and eat crap and sleep in a roach infested area
Greed has taken over. Time to get back to reality.
Dollar stores over extended. Every pharmacy near me that closed got replaced with a dollar store. It’s crazy. Dollar General has 3 stores within 2 miles of each other on the same street in my town
Same in my city! 2 dollar stores just opened within a 3 mile radius of one that’s been open for a decade
Very normal Florida summer annual cicada sound. Nostalgic 😌
We call em crickets down here
You are absolutely right. I will not shop at DG.. way too expensive and cheap quality. TRUTH
Thank you for saying how wages have not kept up with inflation because that is a huge factor when it comes to affording a house at these prices right now and nobody is talking about it.
You haven't been at my Costco lately. The store is packed.
Yeah...filled with Hindus
Same for Sam's Club
Costco customers are white-collar, generally speaking.
Greed in this country is sinful
Please explain your context and how it relates to the dollar store collapse ? Thanks in advance
Greed is good. Gordon Gekko.
You're right it's called Greed flation around every single corner while these places still make soaring profits and their CEOs make millions of dollars a year it's sickening and disgusting they can't pay their employees a livable wage!!
Dollar General is pricing themselves out of business, I asked a Dollar General manager why they raised prices so high and her anwser was we are trying to compete with Walmart ,But yet Walmart is cheaper.
They do have a dollar isle but, not everything needed, I wonder how long it will stay a dollar
Good paying manufacturing jobs were sent overseas two decades ago. What do you mean by "economy"? Flipping more overpriced homes?
Yep, set up by Carter admin with Brzezinski carving out the path with China and then Reagan admin set transfer of manufacturing into motion. Reagan also signed the big amnesty working with Ted Kennedy promising once signed then laws already on the books would finally be enforced. Political RINOs and DINOs have brought about our trajectory.
Yeah, that sums up the economy. But you can bet the Banks and the Automotive industry will get another bailout.
And to illegals.
The rent is too damn high!
Florida also has a huge home-owners insurance crisis because of hurricanes.
health insurance premiums for singles is a
rip off!!
overcharging us
That’s technically just another tax.
The sound of cicadas is seasonal where I live, it's a comforting sound for me.
I was just at the one here. Two whole people on the floor including the register on a busy Saturday morning.
We as a nation are screwed
I love this channel. All the videos are so uplifting and optimistic. LOL.
The overwhelming majority of Dollar General employees can't afford to shop there.
Also they went viral for making their employees throw away items there was nothing wrong with on purpose instead of donating them, absolutely wasteful!! Everything not used should be donated!! You can legally do that now without getting in trouble it's absolutely ridiculous what should happen is a fine if you don't like they do in other countries!!
Hit 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
Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
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Dollar General was never a dollar stores such as Dollar Tree. Misleading or just not a good name for the company. Used to have apparel line and now everything changed to food/grocery and cheap home decor.
Here in Canada 🇨🇦, dollar stores are still less expensive than Walmart.
PS: great content.
Tell me about it. I am posting things on eBay, offer up, Facebook and not getting any bites when my items would sell in Minutes if not hours. People are holding on tight to their money 😢
The dollar is literally being destroyed / debased / devalued. I just want my money to keep outgrowing the inflation rate. How do i invest about 250k i have parked in the bank and what strategies do i employ to make significant gains and stable cashflow?
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date. B
This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
Just research the name LUCIA ALICIA CRUZ. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.
I was traveling for work recently and needed a phone charger. Generic iPhone cable was $15, that’s not a good deal.
And it don't last long, or the product is defected
Dollar general is the worst place to work,understaffed, underpaid,over worked and completely unprofessional,worst job I ever had,will never go back there 😡
Very high turnover!!! Two people per store!!
When you factor in mortgage insurance, or the lack thereof, and property tax, FL is becoming waay less attractive.
Many are on a fixed income. Especially the seniors
Dollar store isn’t a dollar store. Just left one last night and was shocked by the prices.
Mr Bubble...eventually it'll pop sooner or later. Nice assessment.
There seems to be a belief that any house anywhere is worth min. $300K. There was a home for sale last year in Lincoln, Texas. Under 1000 sf, no central heat or air. Built around 1920. On Main St of a town that hasn't existed for over 40 years. $299,000.
Round up. This is insane.
No way that pos will sell for that price.
I think it did. As a STR. And that is the root of the problem.
@@tcboes I did a sat view of that town, there are like 5 houses. I live in Texas:)
@@ThunderStruck94660Yup. I grew up there. That's why I was amazed. I can only attribute the listing price to its proximity to Round Top and Sherwood Forest.
It was either 1153 or 1165. The latest best BBQ in TX is 7 miles south, Snow's @ Lexington.
The cicadas are either a blessing or a curse. The white noise they make is soothing for me personally, like a loud fan, or a radio playing oldies in the kitchen. They're especially nice for people with tinnitus.
why is everybody commenting about how Dollar stores are not 'a dollar' per item.. that's old news. Why isn't everyone concerned that this is a the 2nd Depression... we are truly 'effed sheeple...
Go back to FL and do.more videos on that 🗑
We do know
Anybody else find it hard to take the opinions of people who use the word "sheeple" seriously?
@@kimberiysmarketstrategy you don't know anything.. go away
@@jasonjason5325 Hope KH admin fixes everything!
You are absolutely correct that the Fed dropping interests rates will have next to no effect on either the economy or the housing market. For housing, it’s the price of the house rather than the interest rate that is the primary issue. (Of course higher interest rates exacerbate the problem, but they only exacerbate it; they didn’t create it.)
And tinkering with interest rates will have even less influence on the severity of any recession. Companies are laying off employees and hiring is weak because there is insufficient *demand* to justify keeping their current employee levels or to hire more employees. Lower interest on borrowing money doesn’t cause companies to hire employees when there is not enough demand for their products to justify it.
So yes, the Fed is cutting rates because that’s the tool they have. They don’t want the public blaming them for the recession, so they are cutting rates. It’s an acknowledgment of the problem rather than a cure for it. Interest rate cuts might help some companies engineer stock buybacks to manipulate their stock prices, but they won’t hire workers to create supply for nonexistent demand.
The party is finally over. Now comes the hangover.
Prices don't matter when you buy and sell creatively!
They were supposedly selling overstock at half the price. But they have RAISED the prices the same as the chain stoores. So why bother?😂
Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich
Choose quality stocks and follow them up. If you're not one for such complexities, work with an Advisor to grow your portfolio. You can't go wrong with a sound CFA.
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we Dollar cost averaging across other prospective sectors instead of a lump sum purchase. Following this, my portfolio grew by more than 40% in the 2nd quarter.
I'm intrigued by this. I've searched for portfolio managers online but it's kind of hard to get in touch with one. Okay if I ask you for a suggestion?
I've stuck with ‘’Jessica Lee Horst” for about 9 months now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Jessica sure knows her onions in this industry, from her intimidating profile which I went through, on her web home page. I started off last year tailoring a colleague's trading strategies but it didn't pan out well. Hopeful that Jessica will attend to my message.
Well said Nick! That's right! Definitely the PRICE POINT, not the interest rate!
I bought DG stock 6 months ago. Down about 32%
😂😂
I bought LULULEMON
They don't have anything of quality that anyone with dignity wants, however,we barely have money to pay our rent and utilities.
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Sophia Maurine Lanting turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Thanks for this. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
Not cheaper, just closer. The gas to drive to the bigger store used to be more expensive. For me it is also that they cheat on the pricing, and that they understaff so badly that you have to navigate carefully through the store around all the stock just sitting in the floor of the aisles.
The stores are dirty, the staff is taken advantage of. A store without a public restroom should have a clean restroom.
With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of.
I'm celebrating a $60k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me just one of the things copy tradee can do.
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
Use her name to quickly conduct an internet search.
SHE’S MOSTLY ON TELEGRAMS APPS WITH HER NAME.
Sophiahaney she’s verified
When there is mass immigration, Americans at the bottom suffer. People on social security and disability are hit hard because the cost of living increases are much lower than inflation.
Just when houses were dropping a bit, the Fed made sure to get them back up
lower mortgages means more people will be willing to sell
@@grimaffiliations3671 and more people to buy
Won't work.
During the FED cuts from 07-12 the RE market did nothing but go down.
In Florida insurance and taxes will keep buyers away. Even 5 basis points is meaningless to buyers.
This is not a recession this is not a depression
This is the ending😢
They should change the name of the Dollar store to Definitely More Than a Dollar store.
Lol
Exactly
At least the government is taking care of illegal aliens with monthly income, housing, food, cell phones, etc. US citizens are on their own. I want to be an illegal alien too. How do I apply for that?
Go into Mexico, come back illegally. Make up a name. Don't speak English.
Keep voting Blue people... keep voting blue.. Ppl need to wake up. Under Trump we had money in our pockets.
That’s the Problem. Too Much Free Money
Their name is deceptive. They’re not actually a dollar store. Dollar General is more like the Walmart for rural America. You find them in less dense populations where they service the communities that large Walmarts don’t reach.
Periodical cicadas are the sound of the South. They live underground as nymphs and then the emerge to mate. That's the males mating call. There are different types of cicadas and they come out after a certain number of years. 13 or 17 years.
Publix has Arizona Iced Teas for 1.05$ 🙏🏻
I love cicadas. I find their sound calming.
Totally true. I used to shop at the dollar store” because of the discount not because I cannot afford.. but yes, Walmart is way cheaper, like make up remover at Walmart is $3.99 at the dollar store is $5.99 🙄
I refuse to pay 3 dollars for a soda
I saw rich people shopping at our local Dollar General the other day, that was a huge sign for me of how bad the economy really is. But we love the Dollar General, so glad they built one here. Walmart can suck it.
Dollar General and Family Dollar were never a dollar, and they were never cheaper. They sell smaller products for a lower cost, in rural areas where no other retailers are typically found. It was always about convenience.
thats what happens when you charge 6 dollars for a wash sponge that was a dollar. it just order online
More expensive than Walmart
Rural areas depend on these stores because the big stores are far away. Many people live in rural areas due to the affordability overall. They can spend gas money to shop, usually once a month and then would utilize the dollar stores to supplement their monthly shopping. And sadly, some don't have reliable transportation and will walk to a local dollar store to buy groceries. I did homecare nursing and losing these stores will be a disaster for some of Americas elderly and/or poor. Pray and be helpful if possible.
Dollar tree no longer a dollar! I buy all the dollar specials in Dollar Gen but the store is a mess.
prices go up because the cashiers want 20 bucks an hour to smoke outside the front door......
But $20 an hour is still nothing
Most of these places have one person doing cashier and help. $20 to basically run the store is nothing
Exactly. Two whole people in my store this morning.
Crash incoming ANY DAY NOW
20 dollars an hour is nothing to a multiple billion dollar company. They could play 100 an hour if they wanted to
Cashiers, really? You DO know inflation happens whenever the federal government prints dollars out of thin air. Credit Biden-Harris for pushing out-of-control spending.
Everything got smaller and prices just went up. Might aa well shop Walmart
They’ve been ripping people off for so long now people no longer want to shop at these horrible places