Why A $100,000 Salary Can’t Buy The American Dream
1,391,924
Published 2024-04-17
Chapters:
0:00 Introduction
1:35 Cost of living
3:30 Rise in consumer debt
6:29 Changing American Dream
Produced by: Charlotte Morabito
Edited by: Nora Rappaport
Animation: Jason Reginato, Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images
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Why A $100,000 Salary Can’t Buy The American Dream
All Comments (21)
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Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today: cnb.cx/3Iwblnk
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Nice video, traders show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. Their dedication to continuous learning is inspiring. I'm especially grateful to Shea Ardolf, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
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I'm 37 and have been working all my life to get to 100k per year. And now that it's on my doorstep, it's not enough. Absolutely ridiculous.
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I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
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After investing from my salary of 350k for 4 years, I've only made about 8% total, or 2% per year, which my friends say is very low. My employer 401k of $220K returns about 4%. What would you advice to do with my portfolio for improved returns?
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100k is the new 60k
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Put it this way, back in 2005, 48k was worth what 75k is today 😭😭😭
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Every week I buy more bitcoin because i believe it would surge after the halving, but could Gold be the safest buys other than BTC & APPL in terms of growth with $150,000 to outperform the market this year?
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I've been working hard to achieve early retirement and financial freedom via saving, investing, and working. But since the epidemic, the economy has declined, severely weakening my portfolio. Now, my query is: In current erratic markets, should I keep adding to my portfolio, or should I look into other industries?
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I purchased my home in Woodstock GA for 92k in 2015 for a 2bed 2bath. I pay $565 for my mortgage. I realize how blessed I am to have it in today’s economy.
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Now imagine those of us living on less/way less. It's exhausting
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My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. With the current market movement, you have $100,000 to invest. Where are you investing it?
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I squirelled away cash for a rainy day, but with inflation pouring down, it feels more like a leaky bucket. Saving for retirement seems impossible if my money keeps losing value faster than I can earn it.
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CEO wages have definetly kept up with the cost of living.
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Leaving America is the new American dream. People are desperate.
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The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
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I want to become profitable in Bitcoin and forex trading but don't have knowledge. Any guidance will be appreciated
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Ordinary Americans are suffering but mega corporations appear to be profiting more than ever. Something isn't right here....
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Tupac said it best: "They got money for wars but can't feed the poor."
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You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
