479: How Inflation is Ravaging America

A crying, sniffling mother reveals how inflation is ravaging her family. Despite a two-parent income, she tells us that they're trending toward poverty due to wages that struggle to cover inflated prices. For home prices to fall, many homeowners need to walk away. But if they tried that today, they'd have to pay more in rent than they would on their low mortgage payment. It's absurd to only have one source of income. 401(k)s are considered a scam by some. I explain. Plan participants buy an income stream "probably later". Real assets that cash flow provide income "surely now". There's no such thing as: rent inflation, food inflation, or energy inflation. Inflation comes from the central bank. One dollar in 1776 has the purchasing power of $35.36 today. The worst consequence of inflation is that one parent could work to be middle class in the 1950s. It became two by the 1990s. After the 2020s inflation wave, two parents might not be enough anymore. I explain why the Fed should keep interest rates the same for at least one year. But I doubt that they will. Resources mentioned: Show Notes: GetRichEducation.com/479 Terrific inflation resource, charts: https://www.officialdata.org/us/inflation/1776 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: [email protected] Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text 'GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold