Why Millennials & Gen-Z Say Making $100,000 is NOT ENOUGH

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Why Millennials & Gen-Z Say Making $100,000 is NOT ENOUGH

Рет қаралды 986

Күн бұрын

Find out why I believe $100K isn't enough today. I'll explore Gen Z's views on income for 2024 in this video.
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Who am I?
I'm Arjun Dhingra, a Bay Area lender, 2-time Taekwon-Do world champion, Team USA co-head coach, and digital marketing & economics enthusiast. I love sharing what I've learned since 2001 to help educate people about finance & real estate while demystifying mortgages. I want to help put you in the best possible position to win.
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Arjun Dhingra | NMLS# 310874 | All Western Mortgage Inc.
Timestamps:
00:00 - Intro
01:15 - Wage Growth
02:47 - Inflation Impact
05:12 - Geographical Differences
06:21 - Practical Advice
08:32 - Conclusion

Пікірлер: 3

@donaldsebolt6890 Ай бұрын

When I was 18 years old. 1 million dollars amd you were set fir life...now you better save and not spend a penny until the dividends or interest on in grows enough for tou to live comfortably. 1 million cash is really nothing anymore yet alone 100k per year.

@SB0458 Ай бұрын

When are you going to understand that it’s not the salary but the way of living. Live with in your means and have a set plan with every dollar counting. You can have vacations just need to actually save for it instead of putting it in the credit card

@Celestial_Wellness Ай бұрын

When are you going to understand inflation? When there is more money in the market, the money you make is worth less. It has less “buying power”. Since the 1980s, “buying power” has decreased by roughly 8x its historic worth, whereas wages have remained 1x their historic value. In other words, they’ve stagnated. This means you have to work 8x harder/longer to have the same “buying power” you’d have for the same amount of money(adjusted for inflation) in the current market. You can’t penny pinch your way out of a what’s happening to the U.S. economy. It’s not a lack of effort or knowledge, it is transparently a broken system.