Being Single Is Now An Unaffordable Luxury | How Money Works

The Homeless Industrial Complex | How Money Works

The Homeless Industrial Complex Thanks to MANSCAPED for sponsoring today's video! Get 20% OFF + Free International Shipping with promo code "HMW20" at https://manscaped.com/howmoneyworks Sign up for my FREE newsletter! - https://www.compoundeddaily.com/ Support me on Patreon - https://www.patreon.com/HowMoneyWorks My Other Channel: @howhistoryworks Edited By: Andrew Gonzales Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images For sponsorship inquiries, please contact sponsors@worksmedia.group Sign up for my newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #business #housing #realestate ----- America has a homelessness crisis as record numbers of people are ending up on the streets of a few concentrated city centers. Cities are spending billions of dollars on failing projects to try and solve this problem which has attracted a growing list of companies happy to provide their services… for a price. Helping the homeless has become a lucrative business with multimillion-dollar government contracts awarded every day. but if there is so much money to be made, do these companies really want a long-term fix? According to a report by the consulting firm McKinsey and Company, the annual budget for the Los Angeles Homeless Services Authority rose from sixty-three million dollars [$63,000,000] in 2015 to eight hundred and eight million dollars [$808,000,000] in 2022, a thirteen HUNDRED percent increase in just seven [7] years… And what did the hardworking taxpayers of Los Angeles get for their money?... The number of homeless people went UP by 56%. Ignoring for a moment that everybody deserves the right to affordable comfortable shelter, there is something not quiet adding up here. A closer look at individual programs like the “Inside Safe” homelessness reduction policy doesn’t make it much better. The idea of this program was to have social workers offer hotel rooms to homeless individuals while they sought out longer-term housing arrangements. Data collected by the city and compiled by local news outlet the center square found that the plan had cost two hundred and fifty MILLION dollars [$250,000,000] over just one year. The program only served one thousand four hundred and sixty-three individuals which works out to be seventeen thousand dollars [$17,000] per individual, per MONTH. That is over two hundred thousand dollars [$204,000] every year been spent on ONE individual in ONE program in just ONE city in America. So where is all this money going? And at what point would it just be easier to give homeless people checks for three times the national salary? Well, there are three reasons why cities across America and the rest of the world are spending more money than ever on this problem while not making it any better. So it’s time to learn How Money Works to find out why throwing money at a complicated problem is not fixing it. Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. ----------- Keywords: money podcast, economics explained, housing bubble, debt crisis, corporate finance Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Being Single Is Now An Unaffordable Luxury | How Money Works

Being Single Is Now An Unaffordable Luxury Try Rocket Money for free: https://RocketMoney.com/HowMoneyWorks #rocketmoney Sign up for my newsletter https://compoundeddaily.com 👈 Being single is becoming an unaffordable luxury for a lot of people. The cost of everything is exploding right now and without a partner to share the financial burden with, single people are financially falling behind their friends who are in consistent relationships. Being able to combine incomes and share expenses is only where the subtle advantages start as well. Multiple studies by world renowned institutes in multiple countries have found that traditional married couples even earn more on average than people who are single. Interestingly the reasons the researchers found for this pay gap were causal, which means that it wasn’t just that richer people were more likely to get married, it means that being married on average gives people key benefits that lets them earn more money during their career. The gap between couples and singles is only growing and to make matters worse the cost of dating is ALSO increasing at an alarming rate. This means that the financial benefits of long-term relationships are now, more than ever, disproportionately going to go to those people who are financially stable enough to be able to play the dating game. We must also remember that there are lots of people who want to remain single, and even more worryingly, there are lots of people that are in relationships that would like to get out of them if only they could afford to. So it’s time to learn How Money Works to find out how being single became an expensive luxury and why traditional couples on average end up so far ahead. #personalfinance #howmoneyworks ---- Edited By: Andrew Gonzales Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images For sponsorship inquiries, please contact sponsors@worksmedia.group All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - ---------------------- --- Keywords: wealth building, housing bubble, money podcast Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

How America Got So Good At Buying Sh*t | How Money Works

How America Got So Good At Buying Sh*t Sign up and download Grammarly for FREE: http://grammarly.com/howmoneyworks Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://howmoneyworkslibrary.com/ My Other Channel: @HowMoneyWorksUncut @HowHistoryWorks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ sponsors@worksmedia.group Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #money #consumerism #wealth Americans are the best consumers on the planet and it’s really not even close. The runner up is China, and they spend less than a THIRD of what we do in any given year, even though they have almost five times as many people. It might not always feel like it, but by global standards we are incredibly rich, we LOVE buying shit, and we aren’t afraid of going into debt to keep doing it. More of our economy depends on the consumption of goods and services than basically any other major country around the world… but this has to have a limit right? As a direct result of our insatiable desire to consume, our household savings rates are now the lowest they have ever been, and high risk, high interest consumer lending has surpassed a trillion dollars. That doesn’t include things like car loans, home loans, student loans, medical loans or informal lending like buy now pay later, which are also approaching all time highs… So what is going to happen to the best consumers on the planet, if they can’t afford to consume any more? And more importantly… could we solve all of our problems by just… buying less junk Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - -------------------------- ---- Keywords: wealth building, economics explained, ai bubble Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Investors Are Trying to Make Money By Doing The Opposite Of Jim Cramer - How Money Works | How Money Works

Investors Are Trying to Make Money By Doing The Opposite Of Jim Cramer - How Money Works Go to https://bit.ly/3Bo4vh9 and use code HMW to get 15% off ClickUp's massive Unlimited Plan for a year! Start reclaiming your time for less than $5 a month. Hurry offer ends soon. Sign up for my newsletter https://compoundeddaily.com 👈 Mad Money is a finance television program that has been running for 17 years on CNBC and is hosted by this man, Jim Cramer, a former Goldman Sachs trader and hedge fund manager turned reality TV star. He was the OG personal finance personality. Cramer has by all accounts had a very successful career, according to his own records his hedge fund returned 24% annualised returns over his 14 years managing the fund, which netted him around TEN MILLION dollars a year in take home pay. His experience on wall street and strong personality made him a great pick to host a TV show which has performed very well over the years it has been on air, even if it’s not for the best reasons. The show runners and Cramer himself have said that the stocks they discuss should not become a major part of a viewer’s portfolio and that people’s life savings should be made up of a low-risk diverse selection of stocks, bonds and real estate. But this sounds familiar, doesn’t it? This is just the TV show version of, “hashtag not financial advice”. It’s difficult to watch, because a confident looking man that positions themselves as an authority on the subject talking about how a stock is about to make everybody rich is going to make some people buy in no matter how many disclaimers are made. His catch phrase is “I just want to make you money” ----- #howmoneyworks #finance #investing Edited By: Andrew Gonzales Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images For sponsorship inquiries, please contact sponsors@worksmedia.group All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - --------------------- ---------- Keywords: housing bubble, mortgage crisis, money podcast, financial planning, financial literacy, economics explained Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Australia's Quiet Collapse | How Money Works

Australia's Quiet Collapse Go to https://hensonshaving.com/howmoneyworks and enter "howmoneyworks" at checkout to get 100 free blades with your purchase of a Henson Razor. Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://howmoneyworkslibrary.com/ My Other Channel: @HowMoneyWorksUncut @HowHistoryWorks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ sponsors@worksmedia.group Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #australia #wealth #money Every year up until its collapse, Credit Suisse would prepare a report that looked at how wealthy the people of countries around the world were. Instead of just looking at GDP per capita which calculates how much the average person in an economy produces in market output every year, this report attempted to calculate the net worth of those people to see how good they were at accumulating wealth over time. Someone with a high income that is spending everything they make on rent and overpriced food isn’t going to grow their wealth as quickly as someone who has a more modest income, but is paying off their own home and is investing diligently into retirement accounts. I like to call this the San Fran Tech Bro Conjecture. But according to these annual reports the Australian people always looked like that second group of slower more deliberate wealth builders. Their raw income isn’t as high as here in America, but they were consistently some of the wealthiest people on the planet. UBS, which absorbed Credit Suisse following its collapse, recently released the 2024 report and once again Australians had the second highest MEDIAN net worth on the planet. They only fell behind Luxembourg which is a European Micronation which you are probably not in the tax bracket to even be aware of. The fact that this report tracks the MEDIAN instead of the average net worth is also really important. This means that the Australian right in the middle of a line up from richest to poorest is more than TWICE as rich as an American in the same position… Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - ---------------------------- ------ Keywords: mortgage crisis, financial literacy, financial independence, housing bubble, recession analysis, money podcast Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]