Are you ready for INFLATION?!

[George Mastrosavas]

On the subject of #exonomic crashes:

- Median family household #income (US census) -

1999: $42,000

2020: $67,521

(61% increase)

- Median #home Price in the US -

1999: $152,000

2021: $411,000

(170% increase)

- Average #student loan debt at graduation -

1999: $16,030

2021: $37,172

(132% increase)

- Average cost of a new #cars -

1999: $20,686

2021: $45,031

(118% increase)

- 1999 #family net worth statistics (federal reserve) -

Median: $53,100

Average: $219,000

($165,900 gap)

- 2020 family #Networth statistics (federal reserve) -

Median: $121,411

Average: $746,821

($625,410 gap)

- Federal #debt -

1999: $5.606 trillion

2021: $28.9 trillion

(416% increase)

- #Suicide rates per 100k (Americashealthranking) -

1999: 10.5/100,000

2020: 14.2/100,000

(35% increase)

The powers at be have allowed these numbers increase for 22 years and have done nothing but make it worse at a faster rate. Everything costs significantly more compared to our collective wage increases, and our federal debt is clearly out of control (currently INTEREST payments alone account for 8% of our federal taxes). Our social security system is woefully underfunded - Robert Kiyosaki predicted a 2025 crash in his 1998 book “cash flow quadrant” for that reason alone due to baby boomers retiring. And now we decide to solve all of our problems we should just print money, a solution a 10 year old could come up with. This caused our 7% inflation last year and the soon to come mortgage rate increases, which will prevent even more people from becoming home owners and begin to improve their financial lives.

Our trajectory as a society is only getting worse for the average American. I believe everyone should have fair chances, but unfortunately it gets harder and harder for people of lower income brackets to move up in the world. I’ve seen some struggles since I was a child. I was able to build a solid net worth by 26, but only because I was fortunate enough to get into real estate. We know not everyone can, or we’d have too much competition to collectively succeed.

I believe people will only live so poorly for so long. Does anyone else project possible pandemonium on the horizon (similar to a French Revolution)? Wish someone would get into power and right the ship to provide economic stability to our nation, without thrashing our lives and businesses.

Curious about your opinions on this.