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So saw some data recently, Jade, that 70% of millennials have a favorable view of socialism.

Now, I make that statement, a lot of you get real nervous. There's a lot of emotions right now, and that's okay, because we're going to be adults

and we're going to step into something that needs to be talked about.

And that is the affordability crisis in America.

Now, I start with that data, Jade, because you hear that and you go, what?

And some of you may go, oh, these whatever, whatever, whatever insults

that you might come up with. You're outraged by that. I understand that. They're outraged by the

affordability process? No, outrage that 70% of millennials view socialism favorably. Okay. All right. So then we

have a big election and Mom Donnie becomes,

he's an avowed socialist. He becomes the mayor of New York that creates a lot of emotions.

You're going to see a lot of headlines. That guy's name and what he stands for is going to be in

the news a lot. Yeah. So I'm addressing this not from a political standpoint, but from a

financial economic standpoint. Okay. So whatever your emotions and feels are, here's what I want to

point out. The reason that 70% of millennials, and I don't know the numbers on Gen Z, but I'm raising

three, but why would a large chunk of Americans view socialism with some favorability?

I'm going to tell you why. There's three major financial reasons why. Number one, student debt.

We talk about student debt on this show all the time. It's gotten bigger and bigger and more

expensive. It is a full-blown crisis.

If you've ever listened to me, I've talked about it.

I think the federal government should not be in the banking business.

And that's what they're in when they are financing student loans.

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