Hellow guys, Welcome to my website, and you are watching The Financial Crisis NO ONE Is Talking About. and this vIdeo is uploaded by Graham Stephan at 2024-01-24T13:00:04-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | The Financial Crisis NO ONE Is Talking About |
| Video Uploader | Video From Graham Stephan |
| Upload Date | This Video Uploaded At 24-01-2024 16:00:04 |
| Video Discription | Get 50% off your first order of CookUnity meals — go to https://cookunity.com/graham50 and use my code GRAHAM50 at checkout to try them out for yourself! Thanks to CookUnity for sponsoring this video! Let's talk about the Financial Crisis No One Is Fixing - Enjoy! Add me on Instagram: GPStephan PROMOTIONAL OFFER: Get FREE Fractional Stocks when you sign up and make a deposit using my paid affiliate link for WeBull: https://a.webull.com/i/GrahamStephan GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF THE FINANCIAL CRISIS NO ONE IS FIXING: Watch the original video from DW News: https://youtu.be/JGfdo-mlU7k?si=uwZNo1QmeosfEkBL All of this starts with Retirement. On the surface, there are 3 major issues that need to be addressed: 1. Poverty. According to Census Bureau data, it's reported that “43% of 55-to-64-year-olds had no retirement savings at all and 30% of people over 65 are economically insecure, earning less than $27,000 for a single person.” On top of that, “the median retirement account for that age group is only $200,000 — meaning half of 65- to 74-year-olds have even less saved up” - and that’s not nearly enough. 2. A Savings Gap. It was recently found that HALF of Americans have absolutely NOTHING saved for retirement, whatsoever and, for those between the ages of 50-54, only a THIRD have more than $100,000. 3. The Perfect Storm. The fact is: People are living longer, health insurance costs are rising, there’s a lack of access to retirement plans, millennials are having fewer children - and, as a result - Retirees are forced to continue working later in life because what they’ve saved is insufficient to live on. SOCIAL SECURITY RUNNING OUT: The Possible Solutions One: Social Security Benefits will be reduced by the time all of us retire. Two: They Increase The Retirement Age So That They Can Pay Out Less Money Or, Three: The Government Increases Taxes To Pay For Higher Expenses. The Social Security Board of Trustees says that we’d either need “an immediate reduction in benefits of about 13 percent, or an immediate increase in the combined payroll tax rate to 14.4 percent, or some combination of these changes, to allow full payment of the scheduled benefits for the next 75 years.” THE BRIGHT SIDE FOR RETIREES: Some outlets call Baby Boomers “the luckiest and wealthiest generation we have ever seen,” now sitting on roughly $78 TRILLION dollars. Since 1983, stocks have increased almost 8000%…home prices have appreciated 500%, and a 60/40 portfolio of stocks and bonds would have returned more than 14.5% per year. We’ve also seen a history of incorrect calls for a “retirement crisis” dating all the way back to the 1960s when defined pension plans were cut from large corporations. After that, the 401k was introduced - but, once again - critics said this was an issue because the account lacked a guarantee. Then again, in the early 1990’s, it was published that “retirement as current retirees know it may be impossible for all but the most affluent." From there, in 2008, ”experts were telling boomers they would have no choice but to delay retirement by five years, at least” - but since then, we’ve seen the strongest bull market - in history, with the Greatest Wealth Transfer - ever - just around the corner. All of THIS suggests that what we’re currently seeing is nothing out of the ordinary, it’s nothing to worry about, and it’s all overblown. Although they do admit that a portion of the population won't be okay and the Retirement crisis is very real - but, that’s nothing new. Nearly a quarter of every generation has been without the means to retire. So these are my thoughts on how to make sure you don't end up in this category. My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB For business inquiries, you can reach me at [email protected] *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. |
| Category | Education |
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