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Matt Elson

๐Ÿ‘ค Speaker
171 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Today's number, 170.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

That's the five-year percentage increase in Google searches for the phrase, how to looks max.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

However, new geolocation data shows that the number was skewed by a large volume of searches from number one observatory circle, also known as the vice president's house.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

I'm Matt Elson.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

It is May 6th.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Let's check in on yesterday's market vitals.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

The major indices rose and the S&P 500 hit a fresh high after the U.S.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

said Iran had not broken the ceasefire.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Despite Monday's direct hostilities, Brent crude fell as fears that the war would reignite eased.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Treasury yields fell and finally Samsung stock rose 5% while Intel stock jumped 13% to an all-time high.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Those rallies came on reports that Apple might enlist the companies to build chips for its devices in the U.S.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Okay, what else is happening?

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Goldman Sachs just uncovered a concerning fact about America.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

In a survey, roughly 40% of households earning more than half a million dollars a year say they are living paycheck to paycheck.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

That is a higher share than households making between $50,000 and $100,000 a year.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

36% of those households say the same.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

Now, there is a debate about what this stat actually means, which we will get into, but it does raise a very important question, which is, how much money do you actually need to feel economically secure?

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

So, to dig into this question, we're going to do something a little different today.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

We're not going to focus on the news per se, but we are going to focus on this survey today.

Prof G Markets
Why Americans Earning $500K a Year Still Feel Broke

And we're going to speak with two really excellent guests to break this down.

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