Why are people struggling with money now?
Ken McElroy Show
Ken McElroy
4.7 • 712 Ratings
🗓️ 30 September 2025
⏱️ 35 minutes
🧾️ Download transcript
Summary
The economy looks great on paper—GDP is up, inflation is down, and unemployment is low. But the truth is, how the economy feels depends entirely on your income, assets, and debt. In this episode, Ken and Danille McElroy unpack why the averages lie, how inflation hits different groups unequally, and why owning assets is still the best way to stay ahead of rising costs.
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Checkout KenPro - Ken's Education Platform: https://ken-mcelroy.learnworlds.com
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. 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
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Transcript
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| 0:00.0 | The weather. Tomorrow, expect a biting cold front. Hmm, how naughty. I wonder what I'll be |
| 0:06.8 | wearing or taking off. The night will be wild and untamed. Expect heavy, lashing rain |
| 0:13.0 | that'll soak you to the skin. By Monday, temperatures will rise slowly but surely reaching |
| 0:18.7 | their peak in the afternoon. |
| 0:23.0 | Not in the mood for miserable weather. |
| 0:25.8 | Fly cheaply to Turkey with Sun Express. |
| 0:28.7 | Sun Express, nonstop sunshine. |
| 0:35.1 | The economy is not one-size-fits-all. It relies heavily on your income, debt, job, and savings. Yeah, so today |
| 0:41.0 | we're going to go over some charts. We're going to, we dug deep this on this one. Daniel did a lot |
| 0:46.1 | of work here and so did Jerry on giving you guys some charts and some real things that, you know, |
| 0:51.7 | we're starting to see. We're starting to see some people that are, you know, that are in trouble, right? And let's just start off with saying, you know, |
| 1:00.9 | people are now two, three jobs in, right? Yeah, I mean, it's really interesting because you have, |
| 1:06.7 | you know, people working three jobs. You see all over the forums that I'm on. People are |
| 1:10.4 | struggling to pay bills to, you know, provide for their family. But then, you know, people working three jobs. You see all over the forums that I'm on, people are struggling to pay bills to, you know, provide for their family. But then, you know, Ken and I, we got to eat and it's like packed. And if we don't reserve a table like five days in advance, it's fully booked. So, you know, you have this dichotomy going on of like, there's a line all the way out the door at Starbucks and yet, you know, |
| 1:28.0 | you see people online struggling to pay bills. And a lot of people think, well, it's just that |
| 1:33.2 | these people are irresponsibly living on credit, which could be part of it. But that's not the |
| 1:37.6 | whole story because you really have two different economies going on right now. |
| 1:41.9 | Yeah. I mean, you guys know this is true, right? Like, |
| 1:45.3 | we're starting to see it creep up in our rentals. Uh, you know, we're the inflation has really |
| 1:52.1 | hit people. And so let's, let's jump into, um, you know, some of these charts here on, |
| 1:58.3 | on the, on the first one, the aggregate numbers versus reality so i think |
| 2:02.0 | this is really really interesting um you know these are obviously just one piece but jerry went deep |
... |
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