(SHTF Plan)—Because of inflation and some central bank tricks, the standard American household has now reached millionaire status. According to the Federal Reserve’s consumer finance survey, money is ridiculously tight amid the cost of living crisis, but the average American household has achieved millionaire status.
We live in a crazy world where the average person is struggling to put food on the table but is a “millionaire” by the central banks’ definition. The mean net worth of an American household, adjusted for inflation, was $1.06 million in 2022, according to the Federal Reserve’s consumer finance survey. In comparison, in 2019 the mean net worth of an average household was $868,000, marking a 23% jump, according to a report by Yahoo Finance.
The mainstream media, the lapdogs of the ruling class, are trying to convince the public that they are “better off” now that inflation is out of control, and they can’t afford the same quality of life that they used to. Even when looking at the median—another measure of the average, which represents the midpoint in the ranking and is less likely to be skewed by exceptionally high or low numbers—the typical American household was worth $192,900.
Although that figure is less exciting for aspirational workers, it still represents an impressive after-inflation gain of 37% over three years.
The mean is substantially higher than the median because it is boosted by the top 10% of earners, who have a net worth, on average, of $6.63 million, according to the Fed. Meanwhile, households in the bottom 10% had a mean net worth of $5,300 in 2022. –Yahoo Finance
The average net worth of homeowners stood at $1.53 million in 2022, compared with just $155,000 for renters. Even in the United Kingdom, over 41,000 homeowners became millionaires, which is a rise of 6% from the year prior, as house prices skyrocketed last year.
So basically, the claim is, that because of inflation and the inability to afford a home at this point, people have become millionaires. This is actually quite terrifying for those young adults expected to be contributing members of society.
Sound off about this story on the Economic Collapse Substack.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
