Why Americans Feel Poorer Despite Strong Economic Reports

"But then the third largest national deficit ever is going to be this year in 2024"

"A lot of people are hoping that interest rates are going to fall, making the national debt a little bit cheaper. But what that will also do is allow the government to go out and borrow even more dollars because now it's cheaper to borrow money."

"The Federal Reserve Bank is hoping for is that now that inflation is supposedly controlled, the goal is that the wage growth that we see in 2025 and 2026 and 2027, it will outpace the inflation rate. So if inflation is hypothetically 2% reported inflation and wage growth is 2.2% that means the average person is becoming wealthier. That's what the Federal Reserve Bank is hoping for."

"Yes, we're going to see market crashes and recessions in the future, our economy has continued to grow and market crashes and recessions create more millionaires than any other time for those that are financially savvy."