Are Americans Getting Poorer? (Here is the Data)

Let’s make sure you’re on the path to financial success - then help you stay there!
The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW!

We can’t wait to see you accomplish your goals and reach financial freedom! New shows every week on YouTube and your favorite podcast app. Thanks for coming along on the journey with us.

[razojacqueline]

I had to work two jobs to pay for college in 2016. It was absolutely exhausting and depressing.

[angelaford]

WHO SHOULD I THANK IF NOT FOR RAUL THAT FIXED MY CREDIT, I WAS SO SAD AND UNHAPPY HAVING 430 FEW WEEKS BUT I'M PROUD TO HAVE 810 TODAY THANKS

[YM-NY]

It’s crazy how anti-climatic breaking $1m in net worth is. For me the numbers changed and the day went on. My biggest regret is not starting earlier. I only got serious about it a few years ago and only started tracking the number in 2020.

[brendonmccarthy]

Any chance we could see a military special one discussing our standard pension plans and savings. Including VA benefits, health care. Maybe GI bill scenarios. It would be a lot of research but would be greatly appreciated from us in the services. Thanks

[michaeloladele]

Raul got my credit score to 820 within 2 weeks! so amazing! do you know you can get yours done as well!

[amandathompson]

The issue of inflation in housing is worse in the big cities. I'm in NYC. Rents and home prices have gotten very high. I know older people who passed away and were renters their whole lives. They die and have nothing. Long term renting is a ticket to long term poverty.

[MrZola]

A recent study came out and showed that supply side economic policies have transferred 75 trillion dollars away from employees to investors since 1975. A recent Ivy League economic study showed that if the average wage in America adjusted for inflation kept pace with the average American workers growing productivity since the mid 70’s, the average employee would be making 125, 000 a year. Even if one could argue this was fair and merit based, which I don’t think anyone can, a capitalist economy thrives off the spending power ie…consumption of the masses. The shift outlined has gutted the working and middle class in America.

[lucascolantoni]

Wow I haven’t kept up with the channel in like a month but I didn’t realize just how close y’all are to 200k less than one year after hitting 100k… talk about exponential growth!

[jlawrence]

One thing that you are missing when you talk about the increased cost of attending universities. With the available of EASY student loans, the lifestyle of the average student has also skyrocketed. When I started college in 1977, there were almost no student cars on campus. Now it is frequent. Dorms at my school were cinder block "plain jane" buildings. Now, MOST major universities are building luxury dorms. For me, all my money went to books, and room and board and maybe $10 per week.

[richardyoung]

Randomly came across this YouTube show and I'm so glad I did. This one episode contained a boat load of great information. So much so that I'm listening to it again for the second time today! Thanks guys. You've got yourself a new subscriber!

[Eric-tbje]

It's always been hard to get ahead. Hard work and determination is just the start. Making a good living helps a lot but not necessarily everything. Spending less than you make and investing in tax advantage accounts over a long time is my recipe for success. Deferred gratification and force scarcity are the fundamentals. A little luck doesn't hurt either. None of this sounds fun but being old with money is way better than old and broke. The money guys have helped so much over the years. Thanks you.

[RaistlinKishtar]

Over the last 20 years I lived below my means and saved 130, 000 and invested that in real estate for 5 properties. Then borrowed against the value of the property over time and bought Bitcoin. If I had invested my savings in 401k growth stocks I’d have about a tenth as much.

My point is saving is important, but how you invest it is a huge multiplier

[techguy]

These guys are AWESOME!!! It’s the best financial show in America.

[gumerzambrano]

Almost 20% of Americans lost their savings while billionaires gained over a Trillion in their net worth so i'd say yes they are getting poorer

[superdutyohv]

The bottom line is that the Fed MUST RAISE RATES as soon as possible. They are allowing the wealth gaps to increase, pricing out poor/middle class from home ownership, and creating bubbles larger than Jupiter in the markets. Unless they raise rates (despite the economic pain it will cause) this fake reality of hyper inflated assets will continue to run perpetually.

[kiwikimmyd]

There are still ways to do college. Get a job with tuition reimbursement. Disney, Target, Walmart does this for all employees now. Go to a community college for two years and transfer. I agree it is harder though and driven by letting people borrow more.

And yes with mortgages. Rent from the bank or you paid a lower price. The run down in interest rates only allowed the people who could to borrow more and keep others out of assets. This really ramped up with Clinton and Greenspan bailing out the tech bubble bursting. And Silicon Valley fashions itself as a social warrior. SMH.

[mr.wilken]

When im not leasing to Dave Ramsey show, im leasing to those guys, keep it real.

[christianeulie]

That blue polo shirt is awesome. Could you provide the link to the place where you got it? Honest question. Thanks.

[theeffectiveprogressive]

As a guy trying to save to purchase a house it’s quite frustrating, saving seems pointless as a 20% downpayment grows faster than I can save. 🤬

[serjiang]

For once, I don’t agree with the money guy. Buying REITs at this point is not hedging against future inflation. Current and expected inflation is already priced in to the price of any REITs. Buy the whole stock market, don’t time the market or pick sectors.