In this episode Jason discusses the alarming state of retirement savings for Generation X. A report by the National Institute on Retirement Security reveals that the bottom half of Generation X earners have very little saved for retirement, with some having nothing at all. The report highlights the disparity among different racial groups, with blacks and Hispanics having lower savings and limited access to retirement plans. While the report primarily focuses on employer-sponsored plans, it fails to consider individuals' entire net worth, which could provide a more accurate representation of their retirement savings. The situation calls for attention and action to address the retirement crisis facing Generation X.

He also touches on the housing market, highlighting the low inventory and high demand, especially among millennials. Higher mortgage rates and the lack of new listings contribute to the hot seller's market. Finally, Jason Hartman promotes his upcoming virtual event, "Creating Wealth," which focuses on real estate investment strategies. Registering for the event offers the opportunity to access recordings for those unable to attend the entire live event. Get your tickets now at https://www.jasonhartman.com/

#retirementsavings #GenerationX #retirementcrisis #savingsdisparity #employerplans

Key Takeaways:

0:46 The Gen Xers: The lost generation

2:23 Article: Retirement outlook is 'alarming' for Gen X

5:27 Choosing how to 'age'

6:48 Corporatocracy, feminism and conspiracies

7:52 A large number of Gen Xers have virtually nothing saved for retirement

8:15 Chart: Typical Gen X household has only $40k for retirement

10:08 Chart: Gen X men and women and divorce

13:38 Video: Economist explains why Middle TN housing market remains hot

18:09 The metaphor of the sink

20:05 Altos Research Chart: US SFR Total Available Inventory - Weekly, by Year

21:27 Tyler Durden: Auto insurers hit by worst crisis in 30 years, sends premium skyrocketing

24:24 Passing your costs to the tenants 

 

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