Simplify Asset Management chief strategist Mike Green argues Gen Z and millennial spending patterns mirror that of the 1920s on ‘Making Money.’ #foxbusiness #makingmoney
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Is me buying ammo nihilistic!
Great reporting!! So true, so accurate. Rent never goes down. Enjoy what you have, while you have it. 50k new IRS agents… will just come to take it away. How do you pay for the national debt… squeeze harder. The rich don't want to become poor. Robin Hood and just keep upping the taxes?? But, don't poach the kings deer…. just to eat and survive. The rich get to keep everything… and don't have to fight like the rest of us?
Charles! My Man.
When I used to watch TV it was FOX Business.
Mornings with Maria!
Now YouTube 100%
This is absolute nonsense, start to finish. Pair these two with Bartaromo and Kudlow, and you have 4 deuces.
Great guest. Yes, he echoed Tom Lee’s “herding the hawks” comment regarding how Powell would discuss future cuts.
if i understand correctly, this might be what i went through. i lived rent-free under my parents as long as i was attending college or working and i saved up a lot of money living frugally. eventually my family got kicked out and we had to move in with another family member who started charging me rent and my savings dwindled to nothing! so now i'm done being frugal, because saving up got me nowhere, and i'm going to buy things that make life enjoyable.
These fools, stop your spending so we can get a correction in all markets, maybe you will even be able to afford a condo or house!
I don’t save dollars, I immediately exchange them for something real
No one ever accused these 2 TikTok generations of being intelligent.
theres so many ways businesses are implementing tech and research to get in front of young peoples faces and pry on their emotions to spend everything they have
I'd call it fool spending rather than doom spending. Mainstream media constantly claims the economy is up in order to stimulate said spending from the masses. How about just telling the truth?
Yep spend all my extra $ on Drugs and lotto tickets
Shhh! Can you hear it? MSM fear ramping up before the 2024 "election".
Just doing what big brother does!
I think yall are demons and only spread propaganda from rich billionaires who own you
Of course they're heading towards nihilism. It hurts too much to have a heart in a heartless world. Not to mention the hopelessness of seeing any change for the betterment of the people. It's they who failed the children.
well if you were in a doom loop of a job with low pay and everything going up, what would you do??
Gen x must spend more of their income because its so small! The cost of housing and other living expenses is out of control! They will be living in cages live dogs if this problem keeps growing!
LOL. i dont spend. i know many who are very bad with money. sad. i guess GenZ can just keep working forever for us. i intend on retiring wealthy
Fight back. Teach your kids about money investing businesses and entrepreneurial capitalism.
I AM YOUR CHIKA FERDI
GIVE ME YOUR TAXED AND CARS
The government is trying to ruin the economy and get us into WW3 at the same time. Why don't you feel like we're doomed?
Do you remember the stories about people in hyperinflation Germany rushing to the store with wheelbarrows full of paper currency to buy bread before the price went up? Sometimes it's a rational response. I've seen prices double in a week. They do it silently. They make it so you have to buy twice as much to do the same job. They can't raise prices but they have to do something to stay in business and it's an option. I don't think that makes it into the price inflation statistics though so I wonder what the real rising costs to consumers are. They could be a hell of a lot more than what the government says.
Doom spending in the 1920s was a consequence of WWI (aka the “war to end all wars”). What’s the excuse for GenZ and millennials? They haven’t spent their youth in a foxhole waiting for a human wave assault. Are the figures adjusted for the size of the populations? Some of those boomers, silent and greatest generations are passing away.
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end of empire generations tend to be self absorbed sociopathic childless creatures. they want everything for nothing, right now.
Yellen is Powells boss along with Obama. If you did t own a home before pandemic and waited, chances are you’ll never own a home and be a renter for life. Insurance companies are the biggest scammers in the country and making homeownership unattainable for most and even those who could by but choose not to. One more stimulus package or premature lowering of interest rates will cause prices to explode again. Prices never go down.
Young people spending up because kids living with parents longer and do not pay rent.I know because my kids will not move out.
FOXSNOOZE hoping and wishing America tanks in 2024. Sucking up to Trump for MAGA ratings. Deplorible!
–>> VOTE BLUE ❤🇺🇸
The difference between people around 65-70 , we grew up at a slower pace in life ! We were , let’s say , able to adapt and had maturity with all this internet and technology!
The newer generations have been thrown in at an early age , into the fire , their brains aren’t developed and it is showing up on how they think ! Not all , mind you , because some parents were aware of how it could affect their children in a negative way , they monitored and prepared them !
So many of these kids are totally lost in a world that’s at your fingertips instantly !
You would think it would help , but it has had the reverse effect on reasoning and how to decipher the real truth !
They are being exploited heavily by some pretty bad stuff !
Hats off to Faux News – record stock market valuations are presented as a problem here.
I'm Gen X and I see no reason whatsoever to not crash the whole system. The self anointed elites did this to us, not for us.
Stew in the calamity you caused republicrats cause this is your problem. You screwed me. Now,
Screw you too.
I continue to be shocked at how the use of the English language continues to degrade. Mike actually said "unappropriate" instead of the proper "INappropriate". I hear this sort of thing everywhere. Another common one is erroneous use of "fewer" vs. "less". Do you know the difference?
Doom spending is 100% not a new thing, and its definitely not a Millennial or Gen Z unique thing. This is what always happens near the end of the economic cycle, pop, bankrupt, wash, rinse, repeat. Whatever generations are in the 25-44 years old range in the few years leading up to the kaboom are usually the most doom spendy, because anyone younger simply does not have enough income/credit to doom spend substantially and anyone older has already been through it.