America's Quietly Becoming a Renter Economy
Ken McElroy Show
Ken McElroy
4.7 • 712 Ratings
🗓️ 26 May 2026
⏱️ 42 minutes
🧾️ Download transcript
Summary
America has quietly shifted from an ownership economy to a subscription economy, and most people don't realize what that's costing them long-term. Ken and Danille break down how recurring payments replaced real assets, what it means for middle-class wealth, and who actually wins in this new financial model.
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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Transcript
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| 0:00.0 | At Nitrous Competitions, we're giving you the chance to win a stunning |
| 0:03.6 | 2017 Mercedes-Benz C-43 Premium, and it could be yours for just 29 pence per ticket. |
| 0:10.6 | You heard right, 29p. We've been making winners across the nation every week for years, |
| 0:16.0 | but if you want our Mercedes-Benz C-43 Premium, you'll need to be quick, because entries close today. |
| 0:22.2 | Head online to nitrouscompetitions.com now. You've got to be in it to win it. Over 18s only, |
| 0:27.8 | winners selected at random. T's and Cs apply. The American Dream has always been tied to ownership, |
| 0:35.4 | whether that was owning homes, owning cars, owning cell phones, |
| 0:40.4 | but now everything is about access and a monthly subscription. This is important because it's |
| 0:46.2 | changing the whole mentality of how people see what the American dream actually is. |
| 0:52.1 | Yeah, and I think there's a couple things to discuss here. One is there's a |
| 0:56.1 | psychological gap of, you know, obviously, you know, I hate to say the millennials, the Bay Boomers, |
| 1:02.2 | all that kind of stuff, because everybody kind of tags those two groups. Now, the difference was, |
| 1:07.0 | is, you know, when I was young, we didn't have all these financing options, right? Like, we used to save. And, you know, when, when I was young, we didn't have all these financing options, right? |
| 1:12.1 | Like, we used to save. And, and I think today, ownership feels optional. I think that's the big |
| 1:19.1 | difference. Like, we, we've, we've crossed this gap where instead of having things that we would |
| 1:26.9 | save for, perhaps, you know, we're now seeing into |
| 1:30.3 | the situation where everything is like a monthly subscription. Yeah, it's interesting too, |
| 1:35.3 | because, you know, we've had, you know, if you take the 50s and everyone had like a really small |
| 1:39.6 | house and one person worked and then you want to, you know, move over to the 80s and 90s where maybe two |
| 1:45.3 | people worked and you had a bigger house. Well, now it feels like people have more things, |
| 1:50.0 | not because they're doing better, but because they actually don't have to buy anything. So everyone |
| 1:55.6 | can afford a subscription versus actually purchasing. And, you know, we've become such a commodity society. You know, |
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