Mel Abraham explains why Americans feel financially exhausted: the top 1% holds 28% of all wealth, nearly a quarter live paycheck to paycheck, and the average credit card balance is $7,300 at nearly 25% interest. It's not that people are bad with money. It's the structure.
Most Americans are not bad with money. They're just exhausted by they're overwhelmed, they're confused and in many cases quietly ashamed of where they stand financially 28% of all the wealth is held by 1% of the people 67% of all the wealth is held By 10% of the people the gap isn't created by income, it's created by ownership. People with wealth, they own assets. Stocks, businesses, real estate People without the wealth they rent everything. Money, cars, homes, time. If you don't own assets, you don't own freedom. Period. Nearly 1 in 4Americans live paycheck to paycheck. Americans save just 4.6% of their income 30% of Americans can't handle a 3 month emergency credit card debt in this country has gone to almost $1.3 trillion. The average credit card balance is over $7,300. This debt is groceries, it's gas, it's bills, it's everyday life coming in at 24.9% APR. You can't build a money machine on top of a money.
