Today’s Flash Back Friday comes from Episode 749, originally published in November 2016.
Jason and guest Gary Pinkerton breakdown the article, 27 Charts That Will Change How You Think About the American Economy. Each chart represents changes in the US economy related to productivity, demographics or inflation. Highlights of the discussion include the possibility for people to work well past the current social security mandated retirement age, the lopsided amount of service jobs as compared to labor jobs and the real opportunity which exist for real estate investors based on the percentage of Americans with a sizable nest egg.
[1:14] Phenomenal opportunities await real estate and income property investors.
[5:15] A Gobankingrates survey illustrates the crisis at hand showing 62% of the US population has less than $1000.00 as savings.
[9:46] Join us for the upcoming Venture Alliance Mastermind in Phoenix.
Gary Pinkerton Guest Interview:
[14:04] Gary was looking for a way to shift active income into passive income which led him to the Creating Wealth podcast.
[16:21] The 27 Charts that will change how you think about the American economy article, by Timothy Lee.
[20:31] As the Service Industry grows, it is a clear indicator of progress and a higher standard of living.
[24:23] People have been dropping out of the labor force since the year 2000.
[26:54] The real estate charts show growth in urban areas.
[31:29] Analyzing chart #19, Inflation-adjusted housing prices.
[36:42] Housing prices have grown a lot faster than construction costs.
[41:06] The ways Americans retire are changing.