Why A $100,000 Salary Can’t Buy The American Dream
1,074,157
Published 2024-04-17
Chapters:
0:00 Introduction
1:35 Cost of living
3:30 Rise in consumer debt
6:29 Changing American Dream
Produced by: Charlotte Morabito
Edited by: Nora Rappaport
Animation: Jason Reginato, Christina Locopo
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images
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Why A $100,000 Salary Can’t Buy The American Dream
All Comments (21)
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Want to make extra money outside of your day job? Take CNBC’s new online course How to Earn Passive Income Online to learn about common passive income streams. Register today: cnb.cx/3Iwblnk
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100k is the new 60k
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I'm 37 and have been working all my life to get to 100k per year. And now that it's on my doorstep, it's not enough. Absolutely ridiculous.
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I wonder what the best opportunities to invest like 100K now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...
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Now imagine those of us living on less/way less. It's exhausting
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You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
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CEO wages have definetly kept up with the cost of living.
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The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
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In 2007, it cost $680 to rent a 1 bedroom. Now it's $2300/month!
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Put it this way, back in 2005, 48k was worth what 75k is today 😭😭😭
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Leaving America is the new American dream. People are desperate.
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Your videos were great!! I'm one of your viewers and have been watching your videos lately. I would like to invest, but I still can't find the right investment to commit to. I will appreciate any help here.
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If my wife and i never invest another dollar, we will have 1.9 million at retirement. This is why people say to do everything in your power (Legally and morally) to get $100k+ invested in your 20s.
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Ordinary Americans are suffering but mega corporations appear to be profiting more than ever. Something isn't right here....
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I purchased my home in Woodstock GA for 92k in 2015 for a 2bed 2bath. I pay $565 for my mortgage. I realize how blessed I am to have it in today’s economy.
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I'm 50, and could retire now and live comfortably for the rest of my life; if I die next Tuesday.
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I make $102k, it’s $64k after taxes and insurance. Yet all govt programs use your gross income for everything even though they know that isn’t what you make. It’s insane.
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I need to get out this rat race. Money is great, but I can't keep chasing it all my life. I'm just gonna forget the "American Dream" and focus on my dream. I don't need much nor am I asking for a lot. I gotta figure out how to do more with less
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Keep the car longer, keep the phone longer. Being in a mutually supporting relationship also helps. "Strong and independent" is expensive.
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My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
