Thu, 9 February 2017
Jason Hartman and Gary Pinkerton break down the article, 27 Charts That Will Change How You Think About the American Economy. The charts document changes in the US economy in regards to things like productivity, demographics or inflation. They also highlight the impact of people working past the social security mandated retirement age, service jobs versus labor jobs, and the opportunity presently presented to real estate investors based on the number of Americans with disposable income.
[3:40] Gary was looking for a way to shift active income into passive income which led him to the Creating Wealth podcast.
[5:57] The 27 Charts that will change how you think about the American economy article, by Timothy Lee.
[10:07] Service Industry growth is a clear indicator of progress and higher standard of living.
[13:59] Labor force numbers have been declining since 2000
[16:30] The urban growth in real estate
[21:05] Chart #19 shows inflation-adjusted home prices.
[26:18] Construction costs have not kept up with housing prices
[30:42] The American idea of retirement has changed