ilmscore | Why The Middle Class Is Financially Ruined - AGAIN

Why The Middle Class Is Financially Ruined - AGAIN

Published: 2021-11-01
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
The S&P 500 has historically returned approximately 7.6% annually, adjusted for inflation and with dividends reinvested, since 1950.
"historically since 1950 the S P 500 has returned about 7.6 percent a year adjusted for inflation with dividends reinvested"
S&P 500 Returns
Pending
The S&P 500 has historically shown no negative returns over any 20-year period.
"over a period of 20 years the S P 500 has never once produced a negative result"
S&P 500 20-Year Performance
Pending
The wealthiest 1% have experienced significant wealth growth over the past 20 years due to their investment in the stock market, which allowed their wealth to grow without increased work effort.
"the top one percent has seen such tremendous growth over the last 20 years because they've been able to invest in the markets and subsequently grow their wealth without working any harder"
US Stock Market Growth
Pending
New laws are expected to mandate automatic enrollment in retirement accounts, making it easier for individuals to participate.
"new laws you're looking to change that by reversing the way it works entirely and as they say make it as easy as possible to implement in this case retirement accounts will be automatically set up for you"
Retirement Account Auto-Enrollment
Pending
It is financially more advantageous to pay off debt with an interest rate higher than expected stock market returns before investing.
"if you're ever paying a higher interest rate then you could reasonably expect to make in the stock market instead then it's always a better idea to pay off the debt first before you invest"
Debt Payoff vs. Investing
Pending
Consumer debt is identified as a primary reason for Millennials' reluctance to invest in the stock market.
"Business Insider even decided that this is one of the main reasons why Millennials were staying out of the stock market"
Consumer Debt Impact on Investing
Pending
Individuals under the age of 35 statistically own only 1.4% of the stock market.
"if you're under the age of 35 then statistically you only hold 1.4 percent of the stock market"
Wealth Distribution in Stock Market
Pending
Holding cash outside of the stock market will result in a long-term loss of purchasing power due to inflation.
"you are guaranteed to lose money long term by staying out of the markets thanks to inflation"
Inflation's Impact on Cash
Pending