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Investing in Real Estate with Clayton Morris | Investing for Beginners

1164: Americans Should Be Worried About Money, Here's Why - Episode 1164

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

How To, News, Education, Business News, Business, Investing

4.41.1K Ratings

🗓️ 12 June 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

Due to the state of the economy, Americans have reported being worried about money, cutting back their spending habits, and even dipping into their retirement funds just to make ends meet. On today's show, we're going to unpack what's going on with the average American consumer.

We're going to talk about the state of credit card debt in the US, how interest rates are impacting the average American, and the truth about how people are managing their finances today. And most importantly, we're going to cover what to do if you're becoming increasingly worried about money. It's all here on this episode of Investing in Real Estate!

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Richard Karn, and you may have seen me on TV talking about the world's number one

0:04.5

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0:09.8

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0:14.4

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0:20.0

with ease all around your home.

0:22.0

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0:26.1

for effortless handling and tidy storage.

0:28.7

Plus, your super light and ultra-durable pocket hose copperhead is backed with a 10-year warranty.

0:33.8

What could be better than that?

0:35.0

I'll tell you what, an exciting radio exclusive offer

0:37.5

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0:42.1

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0:47.9

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0:58.7

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1:05.5

Yeah, Americans should be worried about money, and here's why. A new Wells Fargo study

1:09.8

found that over half of Americans, 56%, to be exact, are worried about money, and here's why. A new Wells Fargo study found that over half of Americans,

1:11.9

56% to be exact, are worried about their finances right now. And the study showed that due to the

1:16.7

current state of the economy, two-thirds of Americans have cut back on their spending habits.

1:20.9

And over a third of people have resorted to dipping into their retirement funds. Does that sound

1:24.6

like you? I mean, it's just to make ends meet right now.

1:31.6

You know, and so many of them are using these savings not to go buy extravagant things.

...

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