ilmscore | America Is Broke

America Is Broke

Published: 2024-07-17
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
Between 2019 and 2024, median household income grew by approximately 14%, while the cost of goods (using guacamole as an example) increased by nearly 23%.
"the median household income has grown by around 14% rounding up over these same years so your guacamole grew by almost 23% in cost but your salary has only grown by around 14% in income"
US Economy - Inflation vs. Wages
Pending
Housing costs in the US have increased by 40% to 50% between 2019 and 2024.
"housing costs have grown by 40 to 50% over these 5 years"
US Economy - Housing Costs
Pending
The speaker predicts future economic crashes, recessions, and market crashes, noting that the US economy has experienced a recession roughly every decade for the past century.
"we will see an economic crash we will see a recession we will see a market crash we've seen a recession pretty much every decade for the last century"
US Economy - Recessions
Pending
The longest period the US economy went without a recession was from 2008 to 2020.
"the longest period that our economy has gone without a recession was between 2008 and 2020"
US Economy - Longest Period Without Recession
Pending
The speaker suggests a 'decade of sacrifice' to enable investments that will generate a new stream of income.
"I call it a decade of sacrifice well now what you'll see happen is that these investments will start to pay you a whole new stream of income"
Personal Finance - Sacrifice for Investment
Pending