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69% of Americans admit to having less than $1000 in the bank! Is this partly the result of the payment mentality?

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Manage episode 181062813 series 102631
Content provided by Justin Mohr, Justin Mohr-Austrian economics, and Libertarian podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin Mohr, Justin Mohr-Austrian economics, and Libertarian podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

69% of Americans admit to have less than a $1000 in the bank! Why is this? Even the retirees out there die broke. 46% of retirees die with less than $10,000 in the bank. That’s not much money when you’re not bringing in income and are relying on savings! There’s no question there’s a lot of factors that have led to the average American being broke and the payment mentality is certainly one of the many contributing factors. In the last 17 years we have seen a 4% rise in median wages and an 89% increase in home prices. So the purchasing power of our wages has gone down so the average American is poorer today! This is the result of government spending hitting record levels! The governments spends money at the detriment to the average American.

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106 episodes

Artwork
iconShare
 
Manage episode 181062813 series 102631
Content provided by Justin Mohr, Justin Mohr-Austrian economics, and Libertarian podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin Mohr, Justin Mohr-Austrian economics, and Libertarian podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

69% of Americans admit to have less than a $1000 in the bank! Why is this? Even the retirees out there die broke. 46% of retirees die with less than $10,000 in the bank. That’s not much money when you’re not bringing in income and are relying on savings! There’s no question there’s a lot of factors that have led to the average American being broke and the payment mentality is certainly one of the many contributing factors. In the last 17 years we have seen a 4% rise in median wages and an 89% increase in home prices. So the purchasing power of our wages has gone down so the average American is poorer today! This is the result of government spending hitting record levels! The governments spends money at the detriment to the average American.

  continue reading

106 episodes

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