4.8 • 965 Ratings
🗓️ 23 May 2025
⏱️ 4 minutes
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Let's talk about 60% of Americans not having a minimum quality of life....
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0:00.0 | Well, howdy there, Internet people, it's Bell again. |
0:05.0 | So today, we're going to talk about 60% of Americans not having the basics. |
0:11.0 | The Ludwig Institute for Shared Economic Prosperity released a report that will definitely have a lot of factoids that end up on memes. It focuses on the minimal quality |
0:23.3 | of life index. This isn't just food, shelter, and so on. To use the Institute's own description, |
0:30.1 | it goes beyond bare minimum survival and starts, quote, incorporating essential expenses beyond basic needs, |
0:39.2 | encompassing factors crucial to well-being, growth, and upward mobility. |
0:44.0 | This includes not only necessities like housing, food, and health care, |
0:48.3 | but also education, transportation, technology, and other minimal quality of life and life advancement expenses. |
0:58.5 | For those concerned with birth rates, pay attention. |
1:01.8 | 60% of families don't hit a minimum quality of life. |
1:06.4 | Governments and commentators like to use the poverty line as a standard to keep people above. |
1:12.2 | But if you want a thriving middle class, you have to have the components to build that happy life. |
1:19.3 | Quote, we analyze these components not just in terms of financial figures, but as crucial elements that shape a family's capability to achieve |
1:30.3 | a desirable standard of living. |
1:33.6 | More than half of the country doesn't meet the minimum quality of life standards. |
1:38.6 | The chairman of the Institute, Jean Ludwig, said, quote, |
1:42.8 | It's really dangerous because it's the kind of thing that leads to social unrest, and it's not fair. |
1:49.8 | The American dream is not that it's given to you. |
1:53.4 | It's that if you work hard, you have a chance to get ahead and achieve the things in life that you want to achieve. |
2:03.0 | It's not living in a tent, |
2:10.6 | not having to steal. According to the report, which I'll link down below, a couple with two children needs to make $120,000 per year to hit the minimum quality of life. |
2:18.2 | That number gives the family a minimum level of housing, health care, food, transportation, |
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