Americans Are in Serious Trouble: Delinquencies Surge & Debt at Record High
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@sdlausen1 29 күн бұрын
There is a reason they don't teach personal finance skills in high school. The system wants debt slaves to pay government taxes for life.
@trevorbailey1448 29 күн бұрын
Absolutely!!!
@flamuel 29 күн бұрын
There is only so much personal finance skills can do. If you fall ill or have an accident those skils can only take you so far, good luck
@maximumoverload5134 29 күн бұрын
TRUMP gave Americans stimulus checks while Joe Biden is giving billions away to Ukraine and Israel , who will you be voting for in November ? Choose wisely, who has your back ? TRUMP the real ( Mvp ) ...most valuable President ! MAGA 2024
@cheaplaughkennedy2318 29 күн бұрын
Exactly 👍
@SK-kh2rs 29 күн бұрын
They dont teach it in poor countries yet they seem to know how to budget than Americans
@akaapinoo 29 күн бұрын
When they say the economy is booming.. politicians are talking about their bank accounts !
@truckercowboyed2638 29 күн бұрын
And Ukraine they're raking in the cash lol
@No_life_haha 29 күн бұрын
The government didn't tell anybody to go out and spend money they don't have!!! Hahahaha
@ForeverFahari 29 күн бұрын
@@No_life_hahaDo you not understand that at this point people are going into debt for necessities, not luxury items and experiences.
@sunshineanderson6349 29 күн бұрын
Exactly!
@Lumpia_In_Texas 29 күн бұрын
Lol 81 million votes
@mattportnoyTLV 29 күн бұрын
For the first time in my adult life I can’t pay my bills. No mortgage, no credit cards, no car payment. None.
@allermenchenaufder 29 күн бұрын
Many are quiet, keeping it on the low to uphold normalcy.
@c0348whn 28 күн бұрын
@@allermenchenaufderI suspect my parents are in the same boat. They’ve been acting strange these past 2 months. My father slipped and said he’s not comfortable at all. Not one to complain, and he’s a janitor in case someone inflates the meaning of the word “comfortable”.
@tuyenhoang5546 28 күн бұрын
No income either?
@yeokdaegeup 28 күн бұрын
With none of those debts and you still can’t pay monthly bills?
@jattworld1984 28 күн бұрын
No debt and still can’t pay bills ? You seriously need to evaluate your life choices pal
@mjblue84 29 күн бұрын
I am elderly, only on SS, fixed income. The food prices increase every single week like crazy! It's not going to get better. Thank you for telling the truth.
@josephwurzer4366 28 күн бұрын
Social security is tough as they don’t dare calculate inflation honestly. We have had 60% inflation if we used the 1982 government calculator. Each 1% rise now was calculated as 3%.
@stachowi 28 күн бұрын
@@josephwurzer4366 vote for biden this fall, it will double again
@m42037 26 күн бұрын
@@JJ-fc2hoHave we tried getting food stamps? Simpl
@Sharpshooter649 25 күн бұрын
It only gets better if you vote Republican
@august21xp 24 күн бұрын
They are starving us to Death
@DavidJ245 29 күн бұрын
Debt has become the new American dream
@synergygaming65 29 күн бұрын
Or rather simply not having it. Fuck thriving.
@sunpark9195 29 күн бұрын
Waiting patiently to acquire some leverage myswlf
@hi-tych 29 күн бұрын
Truth.
@michaels3205 29 күн бұрын
Its only possible due to banks being able to do fractional reserve banking. This is why bitcoin is so popular.
@HK00088 29 күн бұрын
We need to send military aid in billions to lsrael 🇮🇱 They need our help and protection against women and little children 😅 Op Biden just agreed to send billions of aid to oUr aLlY in the rEgiOn
@catzjazzcass4744 29 күн бұрын
I just got a Job at a grocery store to help me out. It's sickening when I give folks their total amount.
@michaels3205 29 күн бұрын
Your right it is, however we are seeing more and more of it.
@BeyondAIR15 29 күн бұрын
Half filled shopping carts over $150 in groceries
@courtneydavis6371 29 күн бұрын
@@BeyondAIR15 I wish mine was half filled at $150... Not even close. I'm in the suburbs of the Bay Area California
@cjgray9352 29 күн бұрын
The government/elites are killing us and soon there will only be rich and poor smh
@user-qd8yg1fp7i 29 күн бұрын
Happy meals is usd6 bucks... I feed 3 ppl in my country with that money.
@ZeroPointEnergy0 28 күн бұрын
This country is cooked
@espoespo3557 29 күн бұрын
"If there are any loan sharks out there, let us know what you are seeing." I'll never recover from this 😂😂😂😂😂😂😂
@HughJass-jv2lt 29 күн бұрын
😂😂
@12Blud 29 күн бұрын
We’re not all in the same boat! We’re in the same storm. Some people are in yachts but I’m hanging on to drift wood.
@tobiasriepermetagore_x-4717 29 күн бұрын
Jack come back don't leave me Jack come back😂
@shirleylangton7967 26 күн бұрын
Very poetic. Loved your comment!
@MegaCokamo 24 күн бұрын
Wilson!!!
@luker.6799 23 күн бұрын
I'm not waving, I'm drowning!!
@willieoatnet5396 29 күн бұрын
The government told me this was the strongest economy ever!
@barbarawarren9443 29 күн бұрын
Yup - they're looking at the portfolios of the top 1%.
@davidb.6294 29 күн бұрын
Gov. tells the truth LMAO
@tracyjacksonjackson4221 29 күн бұрын
The government has always said one thing and his the truth.
@IAMcousinofgroot 29 күн бұрын
The government says that the consumer economy is strong…. Which means people are spending money and apparently money they don’t have. If you actually knew the meaning of words then you would understand the government is telling all of us to our face the truth.
@voip4life 29 күн бұрын
C’mon man it’s Bidenomics!
@shirleylangton7967 26 күн бұрын
It's the same here in Canada. The fun has really gone out of life when you can't have the odd outing, and have to spend everything on necessities! Love your channel, Brian!
@bobmanlarrydude 29 күн бұрын
Rising delinquency and defaults while the dow hit a record 40k?! That level of irony is enough to cure an anemic individual.
@rjparker2414 27 күн бұрын
🤣True, well said. I feel we're reliving 1928-1929, in so many ways.
@3smoke 26 күн бұрын
@@rjparker2414the biggest difference from then to now is we have credit. In the Great Depression if you didn't have cash or trade you didn't eat.
@rjparker2414 26 күн бұрын
@@3smoke During the Great Depression, little credit was extended - that's true - but that was largely in response to stock market crash/ bank failures, due to huge amounts of (eventually unpaid/ defaulted) credit which was extended in late 1920s. Lots of credit was given then, via loans/ installment payments/ "margin buying", which led many to speculate in the stock market/ buy furniture/ houses, etc - with very little down. Contributed to "house of cards".
@studentzero88 29 күн бұрын
Most of my money goes straight to rent and groceries with not much left over. Rinse and repeat month over month…I’m stuck
@sisita41 29 күн бұрын
You explained it perfectly… “Rinse and repeat…”
@Theresa-zx7yp 29 күн бұрын
Same here
@curtphillipps7830 29 күн бұрын
There with you,I keep expecting to get ahead in 3-5 months but by that time I have extra bills keeping my head above water
@allermenchenaufder 28 күн бұрын
You are not alone.
@tracyjoel8064 28 күн бұрын
We are all stuck!
@mikimiki195 29 күн бұрын
Nobody explains better than Brian Straight plain English Thanks Brian 👍🏻
@JJ-fc2ho 27 күн бұрын
Go Brian!
@RSI24 29 күн бұрын
I went the other way 5 years ago. Paid off all cc cards and car loans..all I do now is hoard money and metals
@MidnightCravings 29 күн бұрын
As long this Administration keeps moving the goal posts the economy is Better than ever!
@AR-rn8ok 28 күн бұрын
Administration? It’s the fed rising rates. And Biden didn’t appoint them, Trump did it. As soon as they lower rates, people’s debts will drop. But they’re political and won’t drop rates until after the election.
@nyquil762 29 күн бұрын
Remember, "if voting worked, they wouldn't let us do it."
@HK00088 29 күн бұрын
United States of lsrael God bless AlPAC lobby 😅
@tripleuno5900 29 күн бұрын
is that why red states actively gerrymander and disenfranchise voters?
@DJSolistica 29 күн бұрын
the age demographics of voters are heavily in favor of older generations; and then everybody wonders why boomers keep getting voted into office. Boomers are the only ones voting lmfao
@Ana-iw2lx 29 күн бұрын
Lol
@Ana-iw2lx 29 күн бұрын
Lol
@metalheadami123 29 күн бұрын
Brian is one of the few finance KZfaqrs giving out real facts
@mountainstream8351 29 күн бұрын
Yes, he is awesome!
@michaelheerdt6845 27 күн бұрын
Politicians are throwing us under the bus. Postponing things sending our money to other countries. I've never felt this sick of American politics. Until they change things will change
@japaneselover377 27 күн бұрын
HOW AM I DOING??? WELL LET ME SEE IM SLEEPING IN MY CAR, AND INFLATION CONTINUES FOOD ETC.
@Stephanie_12345 29 күн бұрын
I have never seen how bad things are ever. Brian, my family and I are law-abiding citizens that feel we have been betrayedby our government.
@idiocracyishere4531 29 күн бұрын
That’s because you have been since Biden
@md5490 29 күн бұрын
hedge funds betrayed all of us
@deemen7132 29 күн бұрын
Since the US went off Glod standard, that's why this is happening
@mr.c7080 29 күн бұрын
We are tax mules.. to fund everything except our country
@Freiheit1232 29 күн бұрын
So you weren't alive for '08 lol
@JacobSmith-hn7fz 29 күн бұрын
They got us right where they want us...
@JacobSmith-hn7fz 29 күн бұрын
Their debt becomes our debt as well sssoooo.... Just saying... We r totally screwed...
@Tay234. 29 күн бұрын
If everyone is in debt then no one is. It’s all good 👍🏽
@Tater-Skinz 29 күн бұрын
No, we played the WAP harlot and are too dumb to figure out why there are hard men coming in. Got moist?
@WhosThere26 29 күн бұрын
You guys must not remember 2008. The game will keep going and you’ll lose.
@enjoy4091 28 күн бұрын
Your big car was fast enough to follow them. 😎
@Richey24 28 күн бұрын
The best thing anyone can do is get themselves out of debt and stay out as best you can. Live as under your means as you can. Depending on officals or government isn't gonna get us anywhere, its up to us to help ourselves and our neighbors.
@cheaplaughkennedy2318 29 күн бұрын
The public needs educated about the destruction of the currencies from Central Bank , Federal Reserve and that destruction effecting their purchasing power. It’s only going to worsen exponentially.
@dmo7815 29 күн бұрын
The $$$ is threw ,
@rjparker2414 27 күн бұрын
Yep, and add more tariffs, coming soon - which will increase costs/ inflation more.
@OmarOsman98 27 күн бұрын
@@rjparker2414They’re meant to get people to stop buying those products.
@azntoogood 29 күн бұрын
I stopped eating out now. Just on special occasions. I can't spend 50 dollars (paying for two) Every time I go out.
@GeosRealityReport 29 күн бұрын
God help us all
@mountainstream8351 29 күн бұрын
I never eat out but recently did and for two people for vegan burgers and fries and an ice tea it was over $50.00. I told my husband I am NEVER doing that again. I feel violated.
@curtphillipps7830 29 күн бұрын
I eat fast food,but ONLY the “special” item usually going to 2 or more places I can usually eat for under 4-5$
@TheGintama86 28 күн бұрын
The chicken sandwiches at popeyes are $5.99 each thats literally the cheapest item ive seen in fast food for the amount they give u@@curtphillipps7830
@Zeus0886 27 күн бұрын
The food doesn’t even taste good. After your done you are just pissed off you spent money
@emilyL1239 29 күн бұрын
As an US immigrant from a developing country and grew up seeing poor people suffer from their lack of any sort of resources, I have to say even the current situation in US is far worse and maybe more, but there is plenty of bad things we can take before saying “we are doomed”. Comparing us to the world population, our current problem is just “less privileged”. Adjusting the expectations and enjoy what we still have, and I am grateful each day that I can have the opportunity to live in this country.
@twystedhumour 28 күн бұрын
Thank you! It's about learning from your mistakes and keeping expectations in check. I live on 60% of takehome pay, just to make sure that I don't stress about money, and no keeping up with the Joneses.
@SunofYork 24 күн бұрын
Quit sucking up to the yanks..they are overly proud anyway and don't need encouraging . Think religion.....god-nuts, jesus-freaks, gun-nuts....there is much to be improved......
@youngsavag666 23 күн бұрын
😂😂
@MahdiMessiah 12 күн бұрын
Biden wants to give guaranteed basic income to migrants coming in. It make me want to do some evil things
@Axis.801 7 сағат бұрын
shoulda stayed where you came from. after we deal with the subversive jews well deal with you.
@formulacam 27 күн бұрын
Abolish the federal reserve !
@pmo8135 8 күн бұрын
Abolish fractional reserve banking and CBDC
@Coinopoly 7 күн бұрын
And the electoral college.
@THELIFEOFPRICE 26 күн бұрын
wild times we're living in. So many people live to impress others and spend way above their means. Its going to destroy them.
@Rayvisin 29 күн бұрын
Car insurance and house insurance has been the killer for me, $400 total to $850
@nancyann1090 29 күн бұрын
same here our home insurance doubled from $450 to $850. We used to be able to pay it all at once and now we have to make payments on it.
@mountainstream8351 29 күн бұрын
Our home insurance went up to 1500.00 this year! Outrageous.
@ashleyr.4392 29 күн бұрын
Yupper my car is 586 with myself and 18yr old. House was in the 400s before I sold
@captainedwardjsmith1640 29 күн бұрын
Raise your deductible as high as you can that should lower it greatly. Im at 1k collision each deductible for 2 vehicles and cut my monthly in half. I wreck im screwed either way might as well save some cash for it
@Jenjenn1111 29 күн бұрын
This high cost of living is out of control!
@GeosRealityReport 29 күн бұрын
Everyone is getting priced out of everything
@Tater-Skinz 28 күн бұрын
It's only going higher...
@someoneout-there2165 27 күн бұрын
Tell me about it. Before you know manly men will be watching sissy men play girly games for money. 🙃
@OmarOsman98 27 күн бұрын
US debt increases devalue our currency. Keep sending money to Ukraine and Israel 😂
@JJ-fc2ho 27 күн бұрын
It's really not that hard. Just don't spend money.
@countdown2xstacy 29 күн бұрын
Yet restaurants are jam packed on Monday Tuesday and Wednesday nights. I travel for work and sometimes there’s a 1/2 hour wait at Texas Roadhouse or nice Italian restaurants up and down the East Coast. Crazy.
@RealityQuest-lk1dm 22 күн бұрын
Credit cards.
@ameenahameed8874 21 күн бұрын
Debt and also boomers who have money.
@countdown2xstacy 21 күн бұрын
@@ameenahameed8874 Mainly retirees or an 18-24 crowd. Places are jam packed on weekdays. Makes no sense.
@Mona1930 29 күн бұрын
My renters live paycheck to paycheck, they have fallen behind on payments multiple times but I’ve been working with them.
@simsima4636 29 күн бұрын
I work in Paris, and only today I've witnessed 3 fights break out in the street. People have become very agressive and you can add a migrants crisis..... France as we knew it is gone. The classy, lavish country that I used to love is no more. The whole West has been wiped out
@nicolasgirard2808 29 күн бұрын
Yeah because people stopped having kids. So now we have terrible debt and budget deficits and high immigration. No way out of this situation, it will only get worse
@dawnfire82 29 күн бұрын
@@nicolasgirard2808 Remember when people warned that normalizing abortion, opening borders, and degrading the culture would have consequences, and they were called religious zealot agents of the patriarchy who hate women and brown people?
@ktg8030 29 күн бұрын
Liberals!!!
@josercarcamo 29 күн бұрын
Well, it's easy to be "classy, lavish" when you go around the world stealing and bringing the loot back home, while leaving the victims in shambles.
@Artur-gn7ym 29 күн бұрын
Same in Germany. I love my hometown Düsseldorf but I can literally see the downfall in slow motion day by day. More and more of those muslim people, houses getting old and not renewed.
@Chainsaw_HM2 29 күн бұрын
When people give me grief because I don’t go on vacations etc… *THIS IS WHY!*
@RachelCunningham-ut9ks 29 күн бұрын
Staycations are really nice if you are able to do those
@twystedhumour 28 күн бұрын
Thank you! There's no "mental health" if you're constantly worried about finances that vacay-expenditures cause! Stay-cation it is!
@jumpman366 27 күн бұрын
Enjoy your life bruh…
@Debate_everything 26 күн бұрын
Lol same
@xbirdsofparadise 22 күн бұрын
@@jumpman366 enjoy your delinquencies and debt!
@torquenator6696 29 күн бұрын
Hard truths, sinking ship together; indeed. Thanks for the always needed brutal truth, we would never hear this from D.C.
@lancewilson457 29 күн бұрын
I feel so lucky and blessed that I’ve been debt free since 2018. So many sacrifices that lead up to being debt free it was very hard to do without things ,
@icecold8974 29 күн бұрын
I tapped out and filed chapter 7. I was working 3 jobs trying to pay credit cards and keep up with rent. Now it’s all gone away and I only have rent.
@akaapinoo 29 күн бұрын
Smart move !
@profenew9640 29 күн бұрын
Exactly. F*** the credit card vampires...... I have no sympathy for them exploiting people at 29 percent apr
@prettyyoungthingpyt5015 29 күн бұрын
Life goes on!!!!
@DennisSection 29 күн бұрын
Yep, just don't walk the same road and get yourself back into debt
@jimskatr103 29 күн бұрын
do the Dave Ramsey plan
@shanesprecher8290 29 күн бұрын
I was born in the 1970’s. I remember that people did not have access to easy credit like today. It was a totally different standard of living, you didn’t see the big homes, multiple cars or eating out like today. I have a feeling those days are coming back soon.
@g.t.richardson6311 29 күн бұрын
Very true, even well into 80s, most people did not have visa or mc They had their sears or wards card and gas cards
@whisk3y6 29 күн бұрын
That’s because companies stopped giving raises and pushed the debt economy so people wouldn’t notice they weren’t making more, they were borrowing more
@shanesprecher8290 29 күн бұрын
@@whisk3y6 China and Japan also bought large amounts of US debt thereby pushing interest rates down. That enabled US citizens access to cheap goods. The former combined with easy credit has led us to we are today.
@MaSa-bp5qe 28 күн бұрын
It has to.
@NotNykoh 28 күн бұрын
@@MaSa-bp5qeNo it doesn’t.
@user-sh5kd7un2v 28 күн бұрын
DEBT Delinquency Equals Borrowed Time. Time's up!
@sgtbrown4273 28 күн бұрын
That's it.
@timcurlee7366 29 күн бұрын
Don't be lazy with your finances - shop car insurance, health insurance, cable and ISPs. Those things alone saved us over 11k a year. Canceled the pool guy, mow my own lawn, eat less and buy what is on sale, change your own oil. I never drink Land Shark beer, but it was Bogo this week so guess what I'm drinking 🤣
@brown1william 29 күн бұрын
I've spent many years using Dave Ramsey debt snowball. I just made some big payoffs this year and my only debt is my house. Everything else is paid off.
@craedenbearden8043 26 күн бұрын
🫵👍
@jiujitsustl 29 күн бұрын
I feel fortunate that the only debt I have is a 3% mortgage on a house with 60% equity, but it didn't happen by mistake. Stay away from auto debt, cc debt, and pay your student loans off as fast as humanly possible. Life sure is a lot less stressful that way.
@strawberryme08 27 күн бұрын
Same here our loan is like 3.6 and we hope to get the house paid off within five years
@Elizabeth_lowkeyluxuries 10 күн бұрын
Same. Avoid credit cards and car loans like the plague. And student loans. Been there done that
@juliannedispain1637 26 күн бұрын
All of our current situations are looking bad.
@azmymidon39 28 күн бұрын
America is the land of opportunity, opportunity to borrow and in debt for life 😊
@kimcissell1905 29 күн бұрын
Over 35 Trillion dollars of unsustainable debt is my concern
@Clintsessentials 29 күн бұрын
100
@chickenray182 29 күн бұрын
So far.
@deemen7132 29 күн бұрын
You forgot to mention they are Hiding free energy, they are Killing us for their greed
@kennethb6211 29 күн бұрын
Don't concern yourself with things you cannot control.
@Cybersawz 29 күн бұрын
Don't forget the $72 trillion plus in unfunded liabilities (SS & Medicare). $120 trillion if you count Federal, veteran's, and military pensions.
@johnromero7622 29 күн бұрын
Unfortunately, our government does not set a good example by running astronomical deficits. Hard to tell people to constrain yourself when you are spending like there's no tomorrow.
@dmo7815 29 күн бұрын
$1 Trillion / 100 days new debt. Non regulated Immigration , not our war
@209regulator7 27 күн бұрын
Well said
@DeportillegalAliens 26 күн бұрын
As long as our greatest "ally" gets their money that's all that matters!!!?!?
@bdubb5390 24 күн бұрын
We put em there. Our fault.
@christinet6336 27 күн бұрын
This country is ridiculous
@LightofBankai 26 күн бұрын
During Covid the federal government deferred all federal student loan payments. I took the opportunity to keep on paying because of the 0% interest. I was able to pay it all off before they reinstated interest payments. Best feeling ever.
@Tigornable 29 күн бұрын
"You will own nothing and be happy"🤔? 🚫, I think people are going to be 😡 as hell.
@SammerSO 29 күн бұрын
I don’t think so, nation has been subdued with alcohol, drugs and medication.
@ch-yq5yn 29 күн бұрын
Kids today have no reference point. In the 70's people were sure the government was going to collapse with oil. In 89 it was another "great" recession and everyone was screwed. In 2008 it happened again and nobody ever thought they were going to own homes again and the end of the country was coming. Recessions come and go. it's how it's always been. Just make good choices though it, like you should have saved money, not takin out big auto loans, and running up credit card debt. And don't tell me people can't afford food. Americans own and buy so much shit compared to any other society, they can do without most it. And they eat too much to begin with so lessen the calories.
@ironwillie7666 29 күн бұрын
Everyone is going to be Naked and Afraid!
@keralee 29 күн бұрын
They mean that those who are unhaply are either meficated zombies or...no longer using oxygen.
@keralee 29 күн бұрын
Umm...pretty clear that they mean if you arent "happy" one way or another you just wont... Be.
@user-dk4tq1qb4d 29 күн бұрын
With the cost of groceries right now, telling friends and family to watch their spending goes hand in hand with watching their waistline.
@acornsucks2111 29 күн бұрын
Yet, women keep getting fatter.
@Tater-Skinz 28 күн бұрын
With their big plump & juicy fat asses!
@maribelramos1706 27 күн бұрын
That’s not true. Junk food is cheaper.
@ToddTinley 26 күн бұрын
@@maribelramos1706 Junk food is not cheaper.
@maverickbull1909 24 күн бұрын
@@ToddTinleyjunk food is obviously cheaper than healthy organic food
@nolagirlhomestead 23 күн бұрын
I admit I had to visit pawn shop in last 30 days to get regular bills paid!
@vitopalermo6128 29 күн бұрын
Thank you Brian for another excellent update ! Going forward, imagine if unemployment starts accelerating and we see a deterioration of the labor market. The delinquencies you discussed are going to rise even more dramatically. What has always helped me is what my parents from the Depression always taught me: You do not spend what you do not have.
@Galsenn 29 күн бұрын
All of us should stop paying Taxes. Collectively
@zoomzoom3186 29 күн бұрын
Let us know how it goes😅
@johnmusser8925 29 күн бұрын
Wesley Snipes tried that
@toadkillerdog9466 29 күн бұрын
half of america doesn't , hasn't helped much. Taxes these days are just the pretty magicians assistant who is the distraction as they create most of the money out of thin air.....It's Magic.
@Jimbojam 29 күн бұрын
Why should we pay taxes when they can just print money?
@krogge10 29 күн бұрын
Taxes are needed and not really the issue. It’s the spending
@mannya_realtor 29 күн бұрын
Expenses are rising faster than wages. Things are absolutely getting worse and worse. Debt is keeping us from reaching our goals!
@GeosRealityReport 29 күн бұрын
It’s getting real bad out there folks
@calibration2358 29 күн бұрын
So why don’t you stop whining & use your legendary work ethic to go revitalize your home country.
@PillPushaT 29 күн бұрын
Yet, many realtors want rates to drop so asset prices & inflation can surge higher while our wages stay flat. Make it make sense.
@wildsnaturalwoodworks3997 29 күн бұрын
SO SO happy paid literally all my debt off today
@rjparker2414 27 күн бұрын
Just learn, and don't get back in debt again, just because you have "good credit".
@almas2423 8 сағат бұрын
I just came across this channel and am binge-watching the videos. I love how complex current financial topics are simply and eloquently explained. It’s important to know these things, but most of us don’t have the time to delve into it deeply. Keep up the great work!
@BlueJeansandJellyBeans 29 күн бұрын
Next you will see Bankruptcies skyrocket 🚀
@user-dk4tq1qb4d 29 күн бұрын
Next means after the election.
@AssetAddict 29 күн бұрын
It's already happening. My buddy who is in the bankruptcy space is telling me this is like their Super Bowl/Black Friday.
@jaep2495 29 күн бұрын
and bank closures
@rjparker2414 27 күн бұрын
Just like 1928-1929. History is repeating itself, unfortunately.
@greganderson1989 29 күн бұрын
But Joe Biden said we have the best economy ever.
@hicrhodushicsalta6648 29 күн бұрын
Trumps heritage.
@davidaoregan 29 күн бұрын
Loosers always blame someone else@@hicrhodushicsalta6648
@nickhansen8874 29 күн бұрын
Too many of you Trumpers are incapable of having any conversation without mentioning Joe Biden.
@tracyjacksonjackson4221 29 күн бұрын
It is for the filthy rich.
@charlesvandenburgh7754 29 күн бұрын
For those of us who have no credit cards, life is good.
@handyman1016 29 күн бұрын
I would feel sorry for my fellow Americans. But then I remember they called Ron Paul crazy for predicting everything right that we all now have to endure. Hope those Romney and Obama votes were worth it.
@HughJass-jv2lt 29 күн бұрын
😂😂 He LOST dude... get over it
@DarkstarDarth 26 күн бұрын
If interest rates don’t drop, the trend will continue. I see the panic in peoples faces everywhere I go.
@kevinj9030 29 күн бұрын
Services all up 5 to 10%. Products all up 5 to 10%. Government inflation? 3.4%. uh huh... Sure
@gauravaws20 28 күн бұрын
Products up only 5-10? I have seen some things double their prices tbh. I see at least 25% mark up on every single thing.
@twystedhumour 28 күн бұрын
That's RATE of inflation. It doesn't mean that prices have gone down, or that prices aren't currently inflated.
@KenKaniff-dw4jw 25 күн бұрын
@@twystedhumourbro theh don't even count food and energy in there cpi
@Lumi-oz6nd 29 күн бұрын
Scary times to be living paycheck to paycheck. Because employers can go under quickly and then no more pay checks or missed pay checks. Take care people
@yijunshen9287 29 күн бұрын
Dollar devaluation
@thebunz7 29 күн бұрын
Time to move out of the cities and homestead.
@ch-yq5yn 29 күн бұрын
@@thebunz7 Oh yes because all of the other country homesteaders want city folk to crowd up their aeras
@KingDanny9 29 күн бұрын
Exactly why I don't have kids
@XxThatGuyMysteryXx 29 күн бұрын
Bro put newlines, this ain't markdown bro you goober
@Makarovnik12 29 күн бұрын
FJB
@robinmarcus2407 29 күн бұрын
Thank you for your compassion for all of us.
@tiz6549 29 күн бұрын
Brian i think you said it best! All of us have to watch our spending habits. That is something that we can control in these turbulent times!
@cutbaitgofishing 27 күн бұрын
Sounds like Sean Foo. Turbulent times.
@JohnSmith-ti2kp 29 күн бұрын
Anyone else looking for a "van down by the river"?
@barefootincactus 29 күн бұрын
I’m living in mine.
@gunyoda2356 29 күн бұрын
@JohnSmith-ti2kp I can’t even afford the van…
@cutbaitgofishing 27 күн бұрын
Man oh man may be even by the beach.
@isagoldfield7393 29 күн бұрын
Thank You Brian, we appreciate you, this regular update is so helpful & very informative✨🪅☀️
@petemorton8403 29 күн бұрын
I saw S Security went up 3.8%. Then two months later the Executive Order to raise fed workers 5%
@prolific1518 28 күн бұрын
Vote buying
@07truth 24 күн бұрын
Most Fed workers don’t make crap. They have decent benefits but are under paid versus their private sector counterparts in many categories. Ask me how I know…
@prolific1518 24 күн бұрын
@@07truth you're wrong.
@peterbeagle5143 29 күн бұрын
You know what Brian, thank YOU for your support and YOU have a very nice day.
@kristinaleedobrick9414 28 күн бұрын
Thank you for sharing the truth with so much wisdom and compassion🙏🏼
@sallyseng123 29 күн бұрын
The situation will get worst. Due to the fact that food, gas, and housing are increasing so yes people will turn to credit cards trying to stay afloat.
@OwnNothingBeHappy519 29 күн бұрын
I'm honestly surprised that the delinquencies are not higher
@wertz987 29 күн бұрын
It will get there. It hasn't got as bad as it's going to get yet, but it's coming.
@MuslimLAD 29 күн бұрын
More money for Ukraine and Israel though
@hicrhodushicsalta6648 29 күн бұрын
So you can sell more Coke overseas.
@bloxer9563 16 күн бұрын
of course, for them free money
@managingmonasmoula9811 29 күн бұрын
Thank you for reporting the facts.
@vaughnmilburn6966 28 күн бұрын
Thank you so much, Brian! I love your videos!
@benjaminpoulson4894 29 күн бұрын
Debt is like crack to Americans.
@HH-ru4bj 29 күн бұрын
It's because modern banking and lending have given lending steroids, so much that it needs more and more subscribers to stay afloat, and can't just rely on good borrowers to cover losses, because there aren't enough good borrowers after everything requiring some form of debt, to prove you are trustworthy.
@commonsenseisntcommon1776 29 күн бұрын
Especially the Govt!
@cjgray9352 29 күн бұрын
but the debt is killing even the responsible because the cost to live has gone up so much
@Jrfeimst2 29 күн бұрын
My wife and I are 0 dollars in debt. Speak for yourself.
@Pearl-_Perla 29 күн бұрын
@Jrfeimst2 ....we my fellow friend. Most folks like to keep up with the Jones.
@8325A 29 күн бұрын
Who didn't see this coming??
@fueledbymusic3 29 күн бұрын
Biden 😆
@TM-173 29 күн бұрын
if someone shuts their eyes they don't see anything- the blind leading the blind for the majority
@sanguineel 26 күн бұрын
Anecdotally, credit card APR has been high 20's for more than 2 decades. And I have an 800+ credit score.
@michaeldpa1333 9 күн бұрын
Learned my lesson back in 2008. No debt. Cash on hand. Live within my means. Steady job with OT. Going ride this out.
@AgrippaKCsGunTime 8 күн бұрын
same here. 08 ruined me.
@KnownAsLeo 29 күн бұрын
Sobering reality check. This is why I am subbed to Brian's channel and just ignore the mainstream media. TGIF!!!! 👍
@epuchildren8780 29 күн бұрын
No surprise here. Household debt is one pay check away from bankruptcy.
@mainegreengrower4209 29 күн бұрын
Depends on household..
@maryjennings228 29 күн бұрын
I thank God i have 0 debt. Got debt free oct 23. NEVER AGAIN WITH THE CARDS.
@andersonlegacy3136 29 күн бұрын
Glad Brian does not do click bait titles or thumbnails. Thank you for the reliable updates.❤
@JTMoney333 29 күн бұрын
People need to wake up, and i believe they are. I was thankful to consolidate CC debt and paid it all off in 2022. I WILL NOT open another CC again. Following the Ramsey baby steps are ACTUALLY working. 1/3 I've already paid off in under 2 yrs. You can do it.
@DJSolistica 29 күн бұрын
Stop, you're not allowed to introduce logic.
@jupiterglow 29 күн бұрын
@@DJSolistica😂
@shannoncowden9830 29 күн бұрын
I did DRamsey also! So worth it
@kimharris3322 29 күн бұрын
Did ramsey,too no debt
@Cybersawz 29 күн бұрын
Same here. Learned my hard lesson decades ago. Never again!
@rickho69a 29 күн бұрын
Thanks to the POLITICAL UNI-PARTY! We are S@$@wed
@davemyers7507 29 күн бұрын
Thanks for the update 🎉
@denisewalters1088 29 күн бұрын
I work in the service business. It has been so bad that I am seeing counterfeit money pretty often recently.
@MavRick69 29 күн бұрын
Americans being in debt is nothing new. It’s a way of life.
@cur244 29 күн бұрын
Yup been that way for decades.
@Chad_Max 29 күн бұрын
Obese and in debt is the American Dream....
@yijunshen9287 29 күн бұрын
dollar devaluation
@wheelofcheese100 29 күн бұрын
@@Chad_Max😂
@commonsenseisntcommon1776 29 күн бұрын
The Govt being Trillions in Debt is past Disgusting!
@debbiewedoe2564 29 күн бұрын
Scary times to be living paycheck to paycheck. Because employers can go under quickly and then no more pay checks or missed pay checks. Take care people.
@EroticOnion23 29 күн бұрын
People need to live like cavemen until they have 3months worth of liquidity...
@rjparker2414 27 күн бұрын
True. And the homeless are blamed for being homeless. "Hoover-villes" yet again.
@myasman 26 күн бұрын
Stolen comment
@icomarv17 29 күн бұрын
Always keeping it real with raw facts and no judgments
@chodkowski01 21 күн бұрын
The government is all to blame for this. They gave stimulus so everyone increased their prices. Government gives tax credits for EV’s their prices skyrocketed. Government paying off student loans so college costs go up 9%. Government force Resturants to increase wages so those costs go up.
@ciscoterres717 29 күн бұрын
once people get used to not paying for anything, they just want to continue paying nothing.
@SCTR7 29 күн бұрын
I have zero CC debt, 820 Credit score… but I don’t own a home. I don’t have a car payment, my car is 14 years old, hoping to keep it going. For now , I’m concentrating my daughter’s full tuition bill to avoid her having loans when she graduates in two years. I plan to help her also pay down the federal loans. I want her to have a clean slate when she graduates. I’m 52 now, I hope I can heavily invest when she is done with school and have a shot at living a simple life at retirement. I can only hope….
@chinibubu411 28 күн бұрын
Bad move
@TimHPop776 29 күн бұрын
Excellent work Brian! 🎉
@jasonkruse619 29 күн бұрын
Thank you for the slow and clear explanation. 🙏
@joelsnyder8177 29 күн бұрын
The last thing people go delinquent on is your mortgage but if things dont change very soon foreclosure will follow
@mainegreengrower4209 29 күн бұрын
Alot of them are coming..
@ninjagirl226 29 күн бұрын
I don’t think so. People are holding on to their homes because rent is more expensive. Maybe if student debt is really bad that the government starts garnishing wages. But that’s about it.
@prolific1518 28 күн бұрын
@@ninjagirl226 rent has fallen. Mortgages are in federally funded moratoriums. Just more Biden vote buying.
@ant73195a 29 күн бұрын
thank you! your the best your forcast are on point!
@silvertree3181 16 күн бұрын
I think we’re going down the toilet, fast. Pray that our boat turns around come November 🙏🏼
@USViper 29 күн бұрын
Been saving and investing for 27 years... the American dream is alive and well. People cannot sacrifice to save their lives and have ZERO idea about money management. People need to learn the difference between NEEDS and WANTS.
@hungmai2183 29 күн бұрын
okay boomer
@USViper 29 күн бұрын
@@hungmai2183 I am Gen X dummy 🤣😂
@Vertexp 29 күн бұрын
@@USViper27 years is all I needed to hear. Congratulations on being born early enough to capitalize on the 0% fed rate years and post 2008 housing market.
@JumboNunchucks 29 күн бұрын
L take
@USViper 29 күн бұрын
@@Vertexp Ok victim 🤣😂
@josephkelleher8820 29 күн бұрын
So glad for your honest and straightforward info.
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