Graham Stephan Channel
It’s a very real and measurable energy field that creates, everything. In fact, the Field is as close to measuring what we think of as “God”… As human beings have ever gotten. And get this: All the wealth you could ever imagine… ALREADY exists within The Field. Find out more and change YOUR life!
“These are the exact same overnight millionaire mind-hacks that I personally used to manifest over $1,071,995 CASH in my bank account…”
Exposed: How the World’s Richest and Most Connected People are “Re-Wiring” their Minds for Automatic Success…
Sign up for Otis with my link: https://withotis.app.link/GrahamStephan and get your first share FREE when you fund your account – terms apply. Here is why Millennial Net Worth has been declining – Enjoy! Add me on Instagram: GPStephan
GET YOUR FREE STOCK WORTH UP TO $70 ON PUBLIC & SEE MY STOCK TRADES – USE CODE GRAHAM: http://www.public.com/graham
THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
This is a sponsored ad from Otis. Securities offered through Dalmore Group, LLC, member FINRA (www.finra.org) member of SIPC (www.sipc.org)
Offering Circular: https://withotis.app.link/Offering Circular
Millennial Net Worth:
CNBC reports that, in 1989, when baby boomers were around the same age as millennials are today…they controlled 21% of the nations wealth, which is almost 5X HIGHER than Millennials own, today – here’s why:
1. Student Loan Debt
On average, the cost of a college education has risen 65% in the last 10 years. Alongside that… wage growth – on average – has only gone up about 26% in the last 10 years…And to make matters worse…on average, millennials who graduate with a student loan have a debt of more than $30,000. In 1970, only 16% of people had a college degree or higher, and today, nearly 40% of millennials in the workforce have a bachelors degree. This means that, back then, not only was college CONSIDERABLY less expensive than it is today, but it was FAR more exclusive and demanded a much higher salary.
2. Millennials are not investing.
In fact, it was found that 43% of millennials are just straight up NOT investing anything…and almost 50% of them are WAITING to invest until they earn more money. Unfortunately, it appears that the main issue behind all of this…is simply just a lack of education, and the proper guidance in terms of HOW TO invest – which can be incredibly simple.
3. Lack of Home Ownership
Millennials have been 8% LESS LIKELY to own real estate than previous generations for several reasons: first, being home prices. It’s said that millennials are paying a median price of $328,000 for a home…while baby boomers only had to spend $216,000…adjusted for inflation….in 1989. Because of that, nearly one fifth of millennials said they planned to rent forever…and of the millennials who DO plan to buy a home…63% have no money saved up for a down payment.
Second, student loan debt. The cost of tuition is up…wages are down…and, in turn, even if you DO have a job – you’re making less, comparatively, to previous generations. Even though there CAN be benefits of getting a college degree…and it CAN be a pre-requisite for securing a job…it’s certainly becoming a lot more common, and therefore, less impactful towards getting a boost in salary.
Third, millennials are making less money.
Surprisingly, 62% of millennials are living paycheck to paycheck…and, overall..they’re making 20% LESS than baby boomers did at the same age. So, put all of that together…and you have a combination of factors that all make home ownership less possible, which – in turn – lowers the homeownership rate – and then, in turn – means millennials own less wealth.
Fourth, lower millennial net worth.
This study found that the typical Baby Boomers had about $113,000 — in today’s dollars — in wealth in 1989, when they were in their early 40s. On the other hand, recently….older millennials had a net worth of just $91,000 in 2019. In fact, if we just look at AVERAGES across the board, overall….the AVERAGE net worth of millennials is just $8000…
It’s also INCREDIBLY important to realize that, at the end of the day – all the income in the world won’t help if you don’t consistently SAVE AND INVEST, so that way, you can participate in the markets going up in value over time.
My ENTIRE Camera and Recording Equipment:
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [email protected]
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/