This content was created by Lewis Howes. This content was uploaded by Lewis Howes. This is a YouTube video titled "These Money Stats Will Shock You..." featuring a monologue by Dave Ramsey discussing financial statistics about people living paycheck to paycheck despite earning six-figure incomes, and the financial mismanagement leading to such situations.
Chapters
A third of people making six figures are living paycheck to paycheck and that makes people irate. A third of people making six figures a year are living paycheck to paycheck. One paycheck, month to month show up, they're screwed. Really. That was a shocking stat. That was in Ramsey research. That was outside research. We were like, that makes sense because people calling the Ramsey show just this last week, we're taking calls from people making 190 grand, 250 grand and they can't breathe. Why? Well, you start adding up all the toys they have and the luxury cars, $60,000 car loan here, they're underwater on it. It's only wor40 now. And they bought a house that was a little too much house. They bit off more than they can chew and the mortgage payment is 60% of their take home pay. And so you add up all that and they got a credit card balance now and they got the personal loan and they still have the student loan. And all of this just compounds. They have no emergency fund, 4 in 10 people have $0 in savings. And so you add up all these stats and you're going like, America has become land of the free and home of the broke. Like, how did we get here?
