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Crossroads with Joshua Philipp

Are Financial Problems Altering the American Dream?

Crossroads with Joshua Philipp

The Epoch Times

Education, Government

4.9594 Ratings

🗓️ 28 October 2024

⏱️ 60 minutes

🧾️ Download transcript

Summary

High costs of living are impacting the quality of life for Americans, and this is having a direct impact on the traditional view of the American dream. The high cost of homes are making owning a home more difficult, and making everyday goods more expensive. Meanwhile, the International Monetary Fund is now saying that the high costs aren’t going away. We’ll discuss this topic and others in this episode of Crossroads. Views expressed in this video are opinions of the host and guests, and do not necessarily reflect the views of The Epoch Times.    ⭕️ 🇺🇸Josh's Special Offer👉 https://ept.ms/JoshSpeicalOffer ⭕️ Support our fight for the truth👉 https://donorbox.org/crossroads

Transcript

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0:00.0

Hey, good morning everyone and happy Monday. As you can see, I'm actually on the road right now.

0:13.3

I'm in Georgia doing some interviews of people on the ground, finding out which way they're

0:17.4

going to go. George is probably going to be one of the most important swing sticks for 2024 elections. We should have something out by the end of the week, so stay

0:26.0

tuned on what I find while talking to people here. You know, one of the biggest issues that are swaying

0:31.5

voters, you know, talking to people, it's mostly quality of life. A lot of people are talking about

0:35.8

the economy, high cost of living,

0:39.1

and many people no longer seem to feel that the old American dream is really there for them.

0:44.3

A lot of people are wondering if they can have a family, whether they can own a home,

0:48.3

you know, the old white picket fence and the, you know, the kind of happy life that used to be presented to us

0:54.9

when we were kids.

0:55.9

You know, I'm actually curious for all of you, do you feel that you can have that, you

0:59.6

know, American dream as it used to be presented to you?

1:02.9

I'd be curious to know what you think.

1:04.8

Let me know in the comments.

1:05.8

But look, we're seeing a trend of people right now getting squeezed out of the housing

1:10.2

market. You know, the birth rate has been a historic lows, but despite the birth rate being very

1:16.1

low, experts are now saying we need three to seven million new homes to meet demand because

1:23.5

population is growing up.

1:25.0

So how is it that population is rising?

1:32.5

Birds are down, and somehow this is making it the reason why we can't afford homes, right?

1:37.3

That brings up the important point of, you know, if we're facing population decline,

1:40.4

why is there a housing shortage?

...

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