ilmscore | "Americans Are Spending Like There’s No Tomorrow" (RANT)

"Americans Are Spending Like There’s No Tomorrow" (RANT)

Published: 2023-11-27
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
A slowdown in consumer spending will lead to a recession, resulting in job losses.
"if Americans stop spending money then we go into a recession if America goes into a recession people lose their jobs period"
Consumer Spending & Economic Downturn
Pending
A breaking point in consumer spending will cause the economy to slow down, leading to reduced business profits and increased unemployment.
"if that Breaking Point happens or when it happens rather that means spending slows down spending slows down means the economy slows down the economy slows down that means businesses make less money if businesses make less money that means you can expect unemployment to go back up"
Consumer Spending & Economic Downturn
Pending
Economic downturns present more opportunities than other economic phases.
"economic downturns create more opportunities than anything else"
Financial System & Opportunity
Pending
A financial plan where 75% of income is spent, 15% invested, and 10% saved.
"a 75 15 10 plan which says for every dollar that you earn 75 cents is the maximum that you can spend 15 cents is the minimum that you're investing 10 cents is the minimum that you're saving"
Financial Planning
Pending
A 'decade of sacrifice' involves working for ten years to reduce spending, increase earnings, and invest aggressively.
"a decade of sacrifice means you're going to put in the work for a decade to spend less and earn more and invest like crazy"
Financial Planning & Sacrifice
Pending
The current economic system is designed to enrich a few individuals at the expense of the majority.
"our economic system keeps some people Rich at the expense of everybody else"
Economic System Design
Pending