This Is Why the Economy Feels Terrible… But Markets Aren’t Crashing
Ken McElroy Show
Ken McElroy
4.7 • 712 Ratings
🗓️ 10 December 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
Join Ken and Danille McElroy as they explain why the housing market hasn't crashed yet and uncover the harsh reality of the "K-shaped" economy. They break down Bank of America's latest analysis to reveal why owning assets, rather than just earning a salary, is the critical divider for building wealth in today's financial landscape.
Join Ken's Premium Membership: https://ken-mcelroy.learnworlds.com/
Follow Ken on social media at:
https://x.com/kenmcelroy
https://www.instagram.com/kenmcelroyofficial
https://www.tiktok.com/@kenmcelroyofficial
• • •
Monetary Metals Disclosure:
No Guarantees: Monetary Metals investments are not guaranteed, and no specific return, yield, or outcome is assured. Actual results depend on market conditions, operator performance, and individual investor risk tolerance. Past performance does not guarantee future results.
Any examples, case studies, or success stories presented (if any) are not typical, may involve unique circumstances, and should not be relied upon as expected outcomes.
All investments involve risk, including the potential loss of principal. Precious metals investments may experience market volatility, liquidity constraints, and changes in economic conditions. Review all risks carefully before investing and speak with a qualified financial advisor.
Always conduct your own due diligence. Make sure any investment opportunity aligns with your financial situation, goals, and risk profile. FTC Statement: This disclosure is made in compliance with FTC advertising and endorsement guidelines, which require clear communication of financial relationships, avoidance of misleading claims, and balanced presentation of risks and benefits.
•
ABOUT KEN: Ken is the author of the bestselling books The ABCs of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABCs 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.
Ken's company: https://mccompanies.com/
•
DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind. Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate. Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates. 2025 KenMcElroy.com, LLC. All Rights Reserved.
#KShapedEconomy #HousingMarket #RealEstateInvesting #WealthGap #IncomeInequality #Inflation #BankOfAmerica #AssetsVsLiabilities #RentalProperty #CashFlow #FinancialFreedom #EconomicOutlook #Recession #MiddleClassSqueeze #AffordableHousing #USEconomy #GlobalEconomy #RealEstateMarket #BuyingAHome #WealthBuilding #PassiveIncome #HomeEquity #HousingCrisis #CreditCardDebt #AssetAllocation #Investing #KenMcElroy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Housing and markets still haven't crashed, and it's because people at the top are still spending money. |
| 0:08.3 | Yeah, we're going to dive into the K-shaped economy because that's really what's happening right now, right? |
| 0:13.9 | Yeah, you know, a lot of people are feeling squeezed right now, but really the people with the money are running the economy. |
| 0:20.2 | And we're going to explain to you today what that means and how you can benefit from it. |
| 0:24.8 | Yeah, one group is clearly doing just fine and the other not so much. Yeah, you know, because you have to think of the people that are doing really well right now. It's not really on wage growth. It's more on how the stock market's performed, how the real |
| 0:38.6 | estate market has performed, their home equity rates rising, and also their low interest rates |
| 0:44.8 | that they locked in prior to 2021. And then you have the other group where rents going up, |
| 0:50.3 | wages are stagnant, inflation is going up, credit card bills are rising, and they're really |
| 0:55.4 | priced out of getting ahead or buying home. So that's kind of this, you know, split in the economy |
| 1:00.5 | that's happening. Yeah, that's why they call it a K, right? Because one part of the economy is going |
| 1:04.6 | this way, the other part of the economy is going that way. And it's seriously, there's, |
| 1:08.4 | there's study after study and paper after paper on this's seriously, there's, there's study after study, um, and, and paper after paper on |
| 1:13.3 | this exact issue. It's the, I guess another way to say it is that the middle class is getting |
| 1:19.8 | wiped out. Yeah. And you're really seeing it largely with housing, right? The space that we work in. |
| 1:26.3 | Um, because you're having people that are buying |
| 1:28.8 | second homes, they're buying investment properties, they're leveraging the equity that they have |
| 1:34.7 | through home equity lines. And then you have people that are stuck renting, living paycheck to |
| 1:40.9 | paycheck, and there's really not a path to ownership. And that's why, you know, housing is really getting focused on with all this. |
| 1:48.6 | But it's really not a housing issue. |
| 1:50.5 | It's an economic issue. |
| 1:52.6 | Yeah. |
| 1:53.0 | And I think, you know, as we've talked about before, the jobs are kind of the big divider in the country right now, right? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ken McElroy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ken McElroy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.