ilmscore | Why The Middle Class Is Disappearing

Why The Middle Class Is Disappearing

Published: 2023-11-20
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Suggests that in the future (10-50 years from the video's publication), households may require four incomes to survive due to rising costs.
"are we going to need four income households to continue surviving"
US Household Income Requirements
Pending
Predicts that the future of the economy will be significantly shaped by the changes in money and the ongoing effects of inflation.
"well this is where it is important for you to understand why our money has changed over the last number of decades because well what's going to come in the future of our economy"
Inflation and Cost of Living
Pending
Projects that prices will continue to rise faster than incomes over the long term, consistent with trends observed between 1973 and 2023.
"so now if you look at it for a longer period of time like we looked at it between 1973 and 2023 what we've seen is that the prices of things rise faster than incomes"
Inflation's Impact on Purchasing Power
Pending
Believes that inflation will remain a problem in the near future due to ongoing government spending and current inflationary pressures.
"is inflation going to stop being a problem tomorrow and it doesn't look like it will be because well we still have all this government spending that's going on and it doesn't look like that's going to be stopping anytime soon and we still have the inflationary issues that we're seeing today"
Future of Inflation
Pending
Anticipates that prices will continue to outpace incomes if inflation persists.
"so if inflation continues to stay around and we expect inflation to stay around well that means that you can expect the prices of things to continue to rise faster than incomes"
Continued Price Increases
Pending
States that housing costs will continue to grow faster than both average inflation and people's wages, building on recent trends.
"housing costs have grown significantly faster than the average inflation rate and they've grown significantly faster than people's wages over the last few years"
Housing Costs Growth
Pending
Predicts that those who own assets will continue to benefit from the economic system, especially during inflationary periods, while consumers may not.
"the people that benefit from the way the system works are the asset owners not just the consumers"
Asset Owners Benefiting from Inflation
Pending
Suggests that the stock market will continue to provide opportunities for ordinary individuals to own stakes in major companies across various sectors.
"because guess what the stock market allows regular people people like you me and anybody else to own a piece of the airline online companies it allows you to own a piece of grocery store companies it allows you to own a piece of the companies that make our economy what it is"
Investment in the Stock Market
Pending