What They're NOT Telling You About Americans Getting Poorer
Published: 2025-01-24
Status:
Available
|
Analyzed
Published: 2025-01-24
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Median US home prices increased by approximately 27% between 2020 and 2024.
"the median sales price for house in America went from $329,000 in 2020 to $420,000 in 2024 which is a growth of around 27%"
Pending
The average price of a new car rose by 25% from 2020 to 2024.
"the average new car sold went from $38,000 to $47,500 which is a growth of 25%"
Pending
Grocery prices increased by approximately 20% between 2020 and 2024.
"grocery prices in America have grown by around 20% over these four years meaning a $100 grocery bill in 2020 should cost you $120 in 2024 which is a growth of just 20%"
Pending
Average car insurance prices saw a significant increase of 122% from 2020 to 2024.
"car insurance prices on the other hand are a little bit easier to measure and what we saw is that car insurance prices on average R from $145 in 2020 to $2,329 in 2024 that's a growth of 122%"
Pending
Average annual health insurance premiums for a single person increased by approximately 25% between 2020 and 2024.
"health insurance prices went from an average for single person $7,150 a year in 20120 to $89512 which is a growth of about 25%"
Pending
For the same house, monthly mortgage payments increased by approximately 77% between 2020 and 2024 due to higher interest rates.
"if you bought the house in 2020 you might have been able to get a 4% mortgage rate so you would have paid $1,256 a month if you bought the house in 2024 you're probably getting a 7% mortgage rate which means now you're paying $2,235 a month for that same house that is an actual increase of 77%"
Pending
The S&P 500 experienced growth of approximately 80% over the same period.
"we saw the S&P 500 we saw the stock market grow by around 80%"
Pending
US GDP grew by 36% from $21.3 trillion in 2020 to $29.1 trillion in 2024.
"the GDP which is the measure of the economy in the United States Grew From 21.3 trillion in 2020 to$ 29.1 trillion in 20124 which is a growth of 36%"
Pending
The US government recorded significant deficits: $3.1 trillion in 2020, $2.8 trillion in 2021, $1.4 trillion in 2022, $1.7 trillion in 2023, and $1.8 trillion in 2024.
"in 2020 the United States government ran a $3.1 trillion deficit the largest deficit in the history of time then in 2021 we ran a 2 .8 trillion deficit the second largest deficit in the history of time... in 2023 deficit spending went to $1.7 trillion in 2023 and then came 2024 where deficit spending went from 1.7 trillion to $1.8 trillion"
Pending
The ratio of median home price to median household income has surpassed pre-2008 crash levels, reaching approximately 7.25 times today, compared to 6.8 times in 2006 and 5.5 times in 2016.
"the median house in America in 2006 the peak before the 2008 housing market crashed... was selling for about 6.8 times the median household income... in 2016... was selling for 5 and a half times the median household income well if we fast forward to what we're seeing today it is about 7.25 times"
Pending
There is a projected increase in credit card debt and a subsequent rise in credit card defaults.
"more and more people are leaning in on their credit cards more and more people are racking up the credit card Deb and we're also seeing credit card defaults Skyrocket"
Pending
The US economy is predicted to undergo changes in 2025.
"our economy is going to change in 2025"
Pending
The speaker aims to guide viewers on identifying overlooked investment opportunities.
"in this video I want to show you how you can find the investment opportunities that most people are overlooking"
Pending
The election of President-elect Trump is expected to lead to significant changes in government and economic policy.
"president-elect Trump is entering the White House in January and and he wants to make some sweeping changes to our government and economic policy"
Pending