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Why Americans Are Splurging Instead of Saving | WSJ Your Money Briefing

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YOLO TIL DEATH!!!!!
Comment from : @th-cc6ei

Is this sponsored by Ally? There is a clear product placement in this video
Comment from : @migi9159

Jesus Rachel has a set of teeth…hahahahahahahaha 😬
Comment from : @Kennybooy9

We have met the enemy, and they are us (Walt Kelly)
Comment from : @jimbowling8528

Talk about a first world problem Traveling because of climate change Maybe I am missing something here
Comment from : @royprovins7037

I think people realized its a rigged game and they'll both never make it to the top nor really lose it all (due to stimulus spending, unemployment benefits, etc) Not saying its true but thats the vibe I get
Comment from : @zacharyhockett6248

well if their president can go bk 6x they can too
Comment from : @sbhanse

Cuz they're impatient, and can't handle the thought of delayed gratification
Comment from : @Avsfan23

I don’t splurge anymore I am 53 and I have a lot of ground to make up for
Comment from : @JOESUBA122

Politicians and everyday people: Americans are suffering! We can’t afford to buy anything! brbrAlso Americans: bsplurge on fast food, restaurants, Starbucks, shopping, etc/b
Comment from : @thecapone45

It sounds like a lot of people are not thinking about the power of compounding
Comment from : @nicobryant-aguilar7905

N😅😊
Comment from : @MammieBarry

They aren’t saving because they will just rely that the govt will take care of them later
Comment from : @meej6452

How old is, 18,20 lot of life experience
Comment from : @joe-nt9qg

While living with mommy
Comment from : @joe-nt9qg

Yeah the YOLO stuff is great, just don’t come to the government asking for a bailout five years from now
Comment from : @Blueline69311

I went to Lahaina in 2018 Crazy how a whole town can be wiped away
Comment from : @alexroberto6353

Take away credit cards and watch the economy crash
Comment from : @teebone2157

If American pop culture and product advertising wasn't on every billboard and social media we'd never feel the pressure to splurge
Comment from : @itsrelativ3967

You did not succese, poeple spent very small amnount during how to say during these days:)
Comment from : @acamiln8354

Covid and the lockdowns is what spurred the trips and event spending Proper financial planning includes entertainment so this Yolo behavior is a result of the media and politicians showing no positive future, only doom, anger and despair Thank you MSM for your part in our destruction
Comment from : @sandramorton5510

😂interest on our savings are taxed no incentive to save
Comment from : @brooklynusa670

This is why many Americans don’t have retirement savings!
Comment from : @chrissharkey9644

Who TF is splurging, despite the super rich? Clowns
Comment from : @gipsydanger5020

I really hope they have interns type out the text for these videos and have AI read it in these voices That is literally what it sounds like
Comment from : @atomparish

I'm interested to see how this turns out, however, as a person who is saving, I'd rather not have to increase social welfare to those who choose short term goal over long-term
Comment from : @phoreal22

I take it many of these people don’t fully understand compound interest
Comment from : @MylesShank

I can relate to this Do these things while you are able to Dont be reckless, but do/see/experience the things meaningful to you and within your means
Comment from : @jg2611

Climate changeright
Comment from : @cerbarus3000

"It's not that people are being reckless, it's that they are intentionally prioritizing things that make them happy"brbrThese aren't mutually exclusive And yes, people are being reckless The average consumer does NOT understand the opportunity cost of their spending, or at least the extent of it As others have pointed out, people have lost hope for achieving the longer term goals that used to serve as the motive to save/invest Unfortunately, the intention behind your spending doesn't change the math, and many Americans are setting themselves up for a bleak and challenging future
Comment from : @rileyrfitzpatrick

Love the guy who went to Ibiza instead of trying to get into a mortgage and stress himself out for life Relying on property to build wealth is hard for people that cannot afford it Some people are better off saving whatever they can to make small investments and put it towards retirement
Comment from : @user-pe3tt7iu7g

We are not guaranteed tomorrow and people are realizing that with all the chaos that is going on in the world Enjoy every single day with your loved ones because life is extremely short
Comment from : @AustinMathias

Could you please use better AI for the female voice Much appreciated
Comment from : @PS-ej2xn

The chickens always come home to roost! Let's see if this new spending mentality is not later regretted
Comment from : @douglaswood3083

This girl wants to defend the irrational desicion Most people are behaving like people in the 1920s just before the great depression
Comment from : @AHR1130

" It's the end of the world as we know it and I feel fine" REM
Comment from : @igglybiggly6951

That $3500 spent for a good time in Ibiza VS investing in the S&P 500 over the next 35 years Thats what I did in my thirties ( invested) , no regrets
Comment from : @28704joe

Of all reasons, climate change is probably one of the least likely to have anything to do with this topic lol I believe in climate change but it’s a pretty far stretch to say thatbrbrMaybe if they care so much about climate change they shouldn’t be jumping onto an airplane to release a lifetimes worth of emissions
Comment from : @Nb-ll8kp

I think on a socio/ psychological level people were impacted by COVID so much that they simply re-prioritized their life and not really thinking about the future
Comment from : @oeckstei

For the love of god! A journalist for major media actually did their job and actually asked real people on the street why Others just carry on and plant motives like people don't want to work or save anymore, or Yolo and FOMO like the idiot host said because he obviously wasn't listening and just waiting to make the next talking point Owning a home and having at least a modest but nice used car without a lease or note and time for a vacation were all major pillars of work motivation just behind no 1 supporting family It's important to still save, and have a financial direction for the future, but you can't ignore this fact, as the economy takes these things out of the hands of average people you can't blame them for questioning what exactly they will get for long-term savings in recent years
Comment from : @keegannunley5444

Everyone is competing for your money
Comment from : @Pants3

Humans have never prioritised long term needs I fail to see what's new
Comment from : @BrotherBobby-IN

GAZA IS F***ED
Comment from : @fabguyver9979

This is nice Money briefing about consumer spending on happiness It's nice to instill financial literacy, smart spending, but it would also be nice not to hold back in spending on something would give people extra dose of happiness, because you also live life ♥️
Comment from : @philolane16

What's the point of saving if you can't afford a home Hosts are on point 😂 3:55
Comment from : @203132

5:26 Ask old people with excess disposable incomes what their biggest regrets in life are, its that they didn't spend MORE of their money whilst they were young, whilst they were able bodied/had more energy to travel etc
Comment from : @TomNook

Hit 200k today I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months Started with 14k in June 2022
Comment from : @Carlos12387

Many peoples arround the world will avoid to save the money in the bank, cause it'll make moment for stealing with money tech, especially m-Banking But I don't think there're space of saving just spending😊
Comment from : @SorminaESar

Good morning🙏
Comment from : @SorminaESar