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Be Wealthy & Smart

Top Financial Concern Among Americans

Be Wealthy & Smart

Linda P. Jones

Finance, News, Invest, Investing, Economy, Money, Financial, Business News, Business

4.8883 Ratings

🗓️ 24 May 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Discover what the top financial concern is among Americans.

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.

Your compounding rate, and how well you invest, matters!

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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.

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Transcript

Click on a timestamp to play from that location

0:00.0

Be wealthy and smart, episode 1354.

0:03.4

I'm gonna live no rich life.

0:07.4

Rich life.

0:08.4

Pull that's life.

0:10.4

If y'all know what I mean, put your hands up and declare with me

0:14.2

Yeah, I'm full of bad I'm gonna live I'm gonna live a good life

0:21.0

and a good life

0:22.0

a beautiful and glorious life Step into a world of wealth and wealth and

0:24.2

wealth and financial freedom without budgets, boredom or bosses on be wealthy and smart.

0:34.5

And now here's your host, Linda P. Jones.

0:38.9

Welcome to be wealthy and smart.

0:40.5

I'm Linda P. Jones, America's wealth mentor, Empowering Women and Men Worldwide to Financial Freedom.

0:45.7

On today's show, we're going to talk about top financial concerns of Americans, and you might guess

0:51.0

what the number one concern is, because it seems to be the thing that's on everyone's mind right now.

0:57.0

This was actually a Gallup poll that was done this year.

1:00.0

And for the third year in a row, the percentage of Americans naming inflation or the high cost of living,

1:06.5

as the most important financial problem facing their family has reached a new high.

1:11.0

The 41% naming inflation this year is up slightly from 35% a year ago and 32% in

1:18.6

2022. Prior to 2022, the highest percentage mentioning inflation was 18% in 2008.

1:27.0

Inflation has been named by less than 10% in most other readings since the question was first asked in 2005.

1:34.7

So when we look at the Gallup poll and how people answered the question of what is their

1:39.7

most important financial problem facing their families.

...

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