Are Americans Getting Poorer? (Here is the Data)

Is the deck stacked against wealth creation in America? Inflation concerns and rising costs have dominated financial conversations in the United States and beyond. In this episode, we dig in to help you distinguish fact from fiction. How should Financial Mutants navigate the opportunities and challenges of such unique economic times? Let’s take an honest look at the state of wealth creation in America, but also learn exactly how to rise above any challenges that come your way.

In this episode, you’ll learn:

• The 4 biggest factors that affect wealth creation
• Actionable steps on how to handle each factor like a pro
• How the housing market has changed wealth building (and how it hasn’t)
• The importance of owning your life
• How to handle investing like a true Financial Mutant

Research and resources from this episode:

• Why CPI Is Not an Accurate Measure of Inflation (FYI by FTE)
• Inflation (Investopedia)
• Despite the pandemic, wage growth held firm for most U.S. workers, with little effect on inequality (Pew Research Center)
• Prices continue to rise—here’s what’s getting the most expensive (CNBC)
• 10 Year Treasury Rate – 54 Year Historical Chart (Macro Trends)
• Consumer Price Index Historical Tables for U.S. City Average (U.S. Bureau of Labor Statistics)
• Bitcoin USD (BTC-USD) (Yahoo! Finance)
• Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (FRED)
• S&P/Case-Shiller U.S. National Home Price Index (FRED)
• Is BlackRock Buying Too Many Houses? (A Wealth of Common Sense)
• Investment Firms Aren’t Buying All the Houses. But They Are Buying the Most Important Ones. (Slate)
• The ‘Great American Land Rush’ is wiping out the starter home (Business Insider)
• Study: Buy Now, Pay Later Services Continue Explosive Growth (The Motley Fool)
• Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (FRED)
• Student Loans Owned and Securitized (FRED)
• Mortgage Debt Outstanding, Millions of Dollars; End of Period (FRED)
• Mortgage Debt Outstanding, All holders (DISCONTINUED) (FRED)

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