4.6 • 682 Ratings
🗓️ 12 September 2023
⏱️ 8 minutes
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0:00.0 | Bloomberg survey of a top of 1,000 of the top 10% of U.S. earners turns heads this week |
0:11.8 | because a quarter of respondents all making 175,000 a year, identified as either very |
0:17.3 | poor or poor or getting by but things are tight. |
0:21.6 | Over half of those surveys dubbed the regular rich said they worry about money. |
0:25.6 | The objectively wealthy grappling with being subjectively poor provides quite the snapshot of this moment in American history. |
0:33.9 | It captures how the increased cost of everything from cars to tuition to groceries |
0:37.8 | makes it harder to build wealth. How rising generations are failing to attain their parents' |
0:43.5 | financial security and how social media impacts perception fueling lifestyle comparisons |
0:49.1 | while making the ultra wealthy class more visible. But even for the comfortable, the goalposts keep moving, |
0:56.4 | there are always the Joneses to keep up with. Take the latest trend on super yachts, for instance, |
1:01.6 | don't have your own submersible on board? Well, you're practically a peasant. |
1:07.0 | This is gobbledygook. This is nonsense. The objective, wealthy grappling has pointed out that the increased cost of everything is the problem. There's no mention in here of rising credit card debt. There's no mention of what the average car payment is. This is highlighting we have more and more people who just aren't willing to be patient. I like to get behind the problem of the problem of the problem. And this is just highlighting that people are griping about making $175,000 a year. |
1:37.2 | Inflation sucks, Dave. I got two teenage boys. And yeah, my grocery bill's gone up to feed those guys. They eat a lot of food. |
1:48.1 | But I have margin, and if I don't have margin, I can make margin. |
1:50.4 | This kind of stuff makes me so angry. |
1:54.1 | Dave Anomics inside my household. |
1:57.3 | Trump's Bidenomics, of course. |
1:58.7 | Outside my household. |
1:59.4 | I like that. |
2:08.0 | I can control what's inside my walls enough to where if Biden screws up the economy, hint, hint, |
2:10.6 | then I can still be okay. |
2:11.8 | Hint, hint, right? |
... |
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