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skumm🧊

@skumWgmi • 19,611 subscribers

Economic analysis and commentary. Wages, housing, debt, and the systems behind them backed by data. Follow if u like my content.

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You could literally: - Put $500,000 in a high yield account - Earn $9,000/month in interest - Never work again Why aren't people doing this?!

You could literally: - Put $500,000 in a high yield account - Earn $9,000/month in interest - Never work again Why aren't people doing this?!

1,582,382 görüntüleme

If I have to pay $6 rent a 40 year old movie off Amazon when I have a Prime subscription then we should just reopen Blockbuster. I'd rather have their employees judge my life choices.

If I have to pay $6 rent a 40 year old movie off Amazon when I have a Prime subscription then we should just reopen Blockbuster. I'd rather have their employees judge my life choices.

789,517 görüntüleme

Gen Z doesn't want to come into the office. CORRECT. No one wants to commute 90 minutes round trip, pay $18 to park, buy a lunch they can't expense, sit under fluorescent lights for 9 hours performing productivity, then be told the problem with young people is they don't understand sacrifice. Keep going. You're almost at the real sentence.

Gen Z doesn't want to come into the office. CORRECT. No one wants to commute 90 minutes round trip, pay $18 to park, buy a lunch they can't expense, sit under fluorescent lights for 9 hours performing productivity, then be told the problem with young people is they don't understand sacrifice. Keep going. You're almost at the real sentence.

288,130 görüntüleme

A friend from college reached out Recently lost his job as a manager at Meta Made $280k & can't land a new job His mortgage is over $6,500/mo Said he runs out of money in 3 months Has Wife and two little kids depending on him He's ussualy cocky but this time he sounded scared You never think it'll happen to you 😔

A friend from college reached out Recently lost his job as a manager at Meta Made $280k & can't land a new job His mortgage is over $6,500/mo Said he runs out of money in 3 months Has Wife and two little kids depending on him He's ussualy cocky but this time he sounded scared You never think it'll happen to you 😔

421,679 görüntüleme

HOW TO RETIRE IN AMERICA Step 1: Start saving at 22 Step 2: market crashes (2001) Step 3: Start over Step 4: Market crashes (2008) Step 5: Start over Step 6: Save aggressively through your 40s Step 7: Medical emergency wipes savings Step 8: Start over Step 9: Social security reduced by 20% Step 10: Work until 72 Step 11: Body gives out at 68 Alternate ending: Be born wealthy. Skip the retirement.

HOW TO RETIRE IN AMERICA Step 1: Start saving at 22 Step 2: market crashes (2001) Step 3: Start over Step 4: Market crashes (2008) Step 5: Start over Step 6: Save aggressively through your 40s Step 7: Medical emergency wipes savings Step 8: Start over Step 9: Social security reduced by 20% Step 10: Work until 72 Step 11: Body gives out at 68 Alternate ending: Be born wealthy. Skip the retirement.

56,986 görüntüleme

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172,179 görüntüleme

Boomers had: — $0.25 gas — $25/month rent — Jobs that paid for your rent retirement — Pensions — Free college in most states And they want to know why we're not buying houses. Bro. BRO.

Boomers had: — $0.25 gas — $25/month rent — Jobs that paid for your rent retirement — Pensions — Free college in most states And they want to know why we're not buying houses. Bro. BRO.

22,038 görüntüleme

$1,950 rent $480 student loans $310 car insurance $200 utilities $150 phone and internet Tell me how a $22/hour salary is a living wage. I'LL WAITTT.

$1,950 rent $480 student loans $310 car insurance $200 utilities $150 phone and internet Tell me how a $22/hour salary is a living wage. I'LL WAITTT.

16,173 görüntüleme

Isn't it funny that: — We subsidize oil companies making record profits — We subsidize banks that crashed the economy — We subsidize stadiums for billionaire team owners But universal school lunches are "too expensive." Isn't it funny. I'm not laughing.

Isn't it funny that: — We subsidize oil companies making record profits — We subsidize banks that crashed the economy — We subsidize stadiums for billionaire team owners But universal school lunches are "too expensive." Isn't it funny. I'm not laughing.

15,528 görüntüleme

Last month landlord raised my rent $340. I asked why. "Market rate adjustment." I googled my landlord. He owns 34 properties. Manages them through 3 LLCs. Lives in a $1.3 million house. Has never fixed my heating properly. My rent increase is his mortgage payment on property number 35. I am not a tenant. I am a revenue stream who gets to sleep here.

Last month landlord raised my rent $340. I asked why. "Market rate adjustment." I googled my landlord. He owns 34 properties. Manages them through 3 LLCs. Lives in a $1.3 million house. Has never fixed my heating properly. My rent increase is his mortgage payment on property number 35. I am not a tenant. I am a revenue stream who gets to sleep here.

10,467 görüntüleme

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my dad got a hospital bill last month. went in for chest pain. stayed 2 nights. nothing serious. the bill was $34,000. insurance covered $21,000 we owe $13,000. he's 67 retired on a fixed income. i went back and looked it up. the hospital reported $2.1 billion in revenue last year. $2.1 billion and they're billing a 67 year old retired man $13,000 for 2 nights.

my dad got a hospital bill last month. went in for chest pain. stayed 2 nights. nothing serious. the bill was $34,000. insurance covered $21,000 we owe $13,000. he's 67 retired on a fixed income. i went back and looked it up. the hospital reported $2.1 billion in revenue last year. $2.1 billion and they're billing a 67 year old retired man $13,000 for 2 nights.

2,997,477 görüntüleme • 1 ay önce

My grandpa worked 6 days a week for 35 years to build his dream house. - Finished it at 68 - Lived in it for 4 months - Died in the bedroom he never slept in long enough to break in the mattress The house sold in 11 days. A stranger is sleeping in his dream right now.

My grandpa worked 6 days a week for 35 years to build his dream house. - Finished it at 68 - Lived in it for 4 months - Died in the bedroom he never slept in long enough to break in the mattress The house sold in 11 days. A stranger is sleeping in his dream right now.

3,920,089 görüntüleme • 3 ay önce

Just spoke to a 58 year old in Phoenix. He has: - $410,000 in a 401k he can't touch without penalty - A house worth $390,000 with $180,000 left on the mortgage - A job he physically cannot do much longer - Seven years until Medicare He is not poor. He is not rich. He is trapped between the assets he built and the healthcare system that won't let him stop until he's 65. Millions of Americans are working jobs that are killing them because they cannot afford to retire at 58. We call this a personal problem. It is a policy failure

Just spoke to a 58 year old in Phoenix. He has: - $410,000 in a 401k he can't touch without penalty - A house worth $390,000 with $180,000 left on the mortgage - A job he physically cannot do much longer - Seven years until Medicare He is not poor. He is not rich. He is trapped between the assets he built and the healthcare system that won't let him stop until he's 65. Millions of Americans are working jobs that are killing them because they cannot afford to retire at 58. We call this a personal problem. It is a policy failure

140,338 görüntüleme • 1 ay önce

Boomers really did have: - Tuition: $500/semester - Starter homes: $30,000 - Pensions: standard - Healthcare: through work, no premium - Gas: $0.36/gallon - Job market: Show up, get hired And then spent 40 years in office defunding education, killing pensions, deregulating housing, trying healthcare to employment, and opposing every minimum wage increase. And they want to give us a talk about financial responsibility. With respect: NO.

Boomers really did have: - Tuition: $500/semester - Starter homes: $30,000 - Pensions: standard - Healthcare: through work, no premium - Gas: $0.36/gallon - Job market: Show up, get hired And then spent 40 years in office defunding education, killing pensions, deregulating housing, trying healthcare to employment, and opposing every minimum wage increase. And they want to give us a talk about financial responsibility. With respect: NO.

17,280 görüntüleme • 1 ay önce

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