it’s lowkey giving recession, i fear
Because we need to discuss wtf is going on, once again.
Videos Chelsea mentioned:
– Video Essay: It's Not Left Or Right, It's Up Or Down:
– Chelsea TikTok on dems
Recession-specific resources
– How To Invest For Your Goals During a Recession:
– The Dos and Don'ts For Prepping For A Recession:
– 7 Career Rules For Navigating A Recession:
– How To Budget For A Recession:
Other previous videos on politics:
1. we need to have a serious conversation (including a list of resources for getting involved politically):
2. no ethical consumption under capitalism:
3. hi from your resident rich girl 🙂
WORKSHOP: Your Money Under Trump
– Full details/register:
FOR GETTING YOUR MONEY TOGETHER, WE PERSONALLY ENDORSE:
Advisor.com:
Betterment:
Really been loving this video format. It feels real and like a friend is sitting down to give me the DL of what’s happening and what you’re thinking, and I’m glad that you’re not trying to pretend that you know everything but also just sharing the things that are open questions for you/making you anxious. It helps a lot and feels validating.
Thank you!
+1 – I like the editorial content but I also really like the frequency and real talk.
Adding to the din of support here!
+ 1
Same!! I appreciate these spontaneous yet truly informative perspective videos.
Sometimes I just need my internet big sister to sit me down and help me understand the economy <3
Happy to help <3
Your parasocial is showing 😳
Thanks for sharing this. As a Canadian in a steel town (Hamilton), it’s stressful. On top of impacting steel mills and related industries, it’s a scary time for our beautiful small businesses. If people are losing work, they won’t be able to support bakeries, boutiques, restaurants, and the like. It’s so sad to see that, just when we seemed to be getting out from the worst of inflation and COVID, Trump goes on a tear. It sucks. I’m sorry you Americans are having to deal with it first-hand.
We Americans did this to ourselves. So don’t feel too sorry for quite a few of us.
But I live in Ireland now so please do a trade deal with the EU and send us steel and help us ward off the other nitwit.
@@KevinLyda I would love some EU trade deals! The rest of the world is going to have to work with and care for each other right now.
Ayeee I’m moving to Hamilton soon! ❤
Here’s a corny idea: sell tiny commemorative steel bars that say “Oh Canada” or have a maple leaf, as a way to bring money in. People can buy them to show support for Canada’s sovereignty.
Yes, I have the same concerns. I live in a big city in the US. My area is a mix of incomes. There are lots of small businesses. Lots of seniors on fixed incomes. So I think many in this are will struggle if Trump’s chaos puts us into a prolonged recession. The community really came together to support small shops during COVID. So there’s definitely hope that our local businesses won’t be wiped out.
“Shout-out to his 14 children” 💀
My girl killed me w that LOL
So many children, but no actual families.
Why so much hate?
They boast a traditional family but they are anything but
Imagine being a billionaire and still a deadbeat dad. Truly a waste of a human being
The idea that the majority of elected officials lean more towards Trump than Sanders is the most depressing (and true) idea I’ve heard in quite a while.
I think they viewed Trump as a known element.
Sanders was (incorrectly) seen as radical.
I’ll be curious if they begin to see the wrong horse was backed and flip. Not hat being smug helps. Saying “I told you so” on the way to the camps doesn’t do anyone much good.
America’s most left is Europe’s center haha
Refreshingly honest and subversive. I’m sick of the financial people who act like nothing is wrong. Thank you.
whatre you talking about? 95+% of financial influencers constantly talk about ‘recession scares’ or a ‘crash’. Fear sells but its rarely ever right
It’s like they didn’t learn from 4 years of trying to gaslight us about inflation. Gives serious Farquad energy “some of you may go broke, but everything will be fine for me!”
@@27equalsawesometalking bout u
@catfoodgeneration We fixing to be the cat food eating generation 😭
Subversive! Your bar is very low for that. I agree most financial people will gaslight you but the most subversive thing you can do is to educate yourself about MAGA and Trump in great detail so you can try to predict what’s next before it actually happens. There has been a move toward cash and gold, and blockchain currencies. I’m not a fan of the last one but the first two make sense for at least some of your portfolio. The rest should be in defensive stocks. Read up about what they are and why the unpredictability of this regime (it’s hardly an administration) undermines even that. I hold biotechs and even though they should be secure, I’m not sure what RFK Jnr is going to decide one minute to the next. Educate yourself and wean yourself off the financial advisors and also be wary of conspiracy theorists. It’s a lot of work. A LOT but only that way will you be able to see a clear pathway.
It’s nice to see videos like this. I’m about to be unemployed, and my job search has not gone well. This kind of video is way more reassuring than someone saying “good luck in all your future endeavors.” Thankfully I have a decent emergency fund, and I live with my gf, but idk how to navigate these scary times.
I had to job hunt during the 2008/2009 recession. It was BRUTAL so I definitely feel your pain. I did finally find something AND guess what…? I still work there! So in a weird way, it’s had a positive outcome. I’d never have found this employer but for being willing to take any short term contract gig back then. Glad to hear you’re in an okay is not amazing place. And of course, these are times that make us throw money into emergency funds.
Uuuummmm.
You don’t have a gf.
Yes you do, you just typed it into a YouTube comment. You have and emergency fund and live with your gf. That’s how you navigate these not really very scary times. Trump is absolutely a corrupt and destructive president and Musk is mentally unstable, but the US has become way too much of a service economy and become way to dependent on other countries to make too much of the products we depend on, some of them built using slave labor. We’ve become too dependent on the extremely cheap output of dirt poor foreigners. It’s not sustainable for the majority of the US population to provide services to each other and get most of our actual “stuff” people in other countries living and working in relative poverty.
I wish the best for you, I hope you find a job soon. Best of luck.
Good luck, Iv been jobless for over three months and applied for well over 100 jobs. Iv had several long rounds of interviews only to be told positions are being closed. Hopefully you have a good savings account
23:45 YES. I think many Americans are waking up to the fact that history did not end, and that the progress that our ancestors bled and died for must be vigilantly maintained and improved.
Canadian here…we are big mad right now. The constant on and off of the tarrifs are a pain, but the constant threat to our soverignty is really pissing me off. We will never be the “51st state” we have our own history and way of life.
No one of any significant rank in the US military thinks you’re going to anything other than a sovereign country, either.
I’ve served beside your countries military for nearly 20 years. While I don’t think an actual attempt is at all likely (though I am concerned for both Panama and to a lesser extent Mexico) Even if an attempt was made, it would not be successful.
It’s obscene that the conversation is being had at all, but despite how badly they are generally treated in Canada and by Canadians, your military is more than capable of defending your borders and your sovereignity.
my blood literally boils whenever I think about it
Well, the French and British colonized what is now called Canada so, unless I am responding to someone who is indigenous to that land, your ancestors did a lot worse. I’m not saying I agree with what Trump is threatening to do, but Canada exists because of a genocide, so might be nice to acknowledge that when protesting for “our own history and way of life”.
Right? Where did that bullshit even come from? Like, the Republicans don’t want Puerto Rico OR Washington, DC to be states but CANADA? This is what happens when you elect a narcissistic moron.
Can you guys take NH as a state? I don’t want to be in the US anymore.
During the 2008 recession, I couldn’t get a job. I finally found a temp job and when that contract ended, I filed for unemployment. They fought it and won. No job, no unemployment, nothing. I ended up homeless. I’m here now though; I survived and things got significantly better for me.
I’m so sorry you had to go through that. Sounds absolutely awful. I’m glad you’re still here and things are getting better for you!
@ thank you. It was very traumatic but I survived.
This is what’s going to happen to me.
@ don’t claim that friend. The difference now is there are so many ways to make money on the internet that didn’t exist back then.
@DreamAboutM823 I feel you on that. I actually got fired ,just as the 2008 recession hit. Even factory labor temp jobs weren’t hiring!!! Luckily ,I had a chance to go to job corp. So I had a place to stay ,eat learn a job skill etc. Had to put all my stuff in storage. I’m doing all I can to save and keep things stocked in the house. Working as much as I can ,while I can. And this ain’t about who’s in office, we were headed to a decline well before the elections.
“To be a citizen is to always be struggling towards a better future.” This hit me like a moderately fast train on the Eastern seaboard.
LOL
So…the Acceltra?
Lmaoo very specific 😂Nice
It’s already a recession for the nonprofit sector. Massive layoffs means donations are down, CSR is down, and foundations are bombarded with additional funding requests – not to mention federal funding woes.
Facts
my dad worked for an international aid non-profit… lost his job
Same for the public sector… we’ve either already been fired or are waiting to get fired. Not to mention the likely government shutdown on Friday. Either way, I’m spending as little as I possibly can…
I moved my tithe for my church to small monthly donations to 18 different nonprofits I believe in and have supported for a long time. I feel like they need it more than my church does. It not much but it’s consistent support. It gives me peace to feel like I’m helping even if it isn’t a lot
Exactly, the stock market might be fine, but I feel like people have not stopped feeling the crunch since the pandemic
Tesla needs to be kicked out of the S&P 500 , to help stop he decline.
They’ve been insanely overvalued for a long time now. When their market cap is like 10-20x that of Ford which has almost double their revenue, it kinda makes you go HMMMMMMMM
Last weekend I found out my younger brother voted for Trump. He claims it was to protect his earnings now that he makes 6-figures… But he doesn’t realize he makes 6-figures because he’s unionized! And he failed to realize his industry (airline industry) is one of the first industries to take a hit during a recession. People won’t have the disposable funds to travel anymore in a recession!🤦♀🤦♀ I’m so damn disappointed, and I’m sad that our political differences will wedge a gap in our relationship😢
Grl if he kept it from you until now, there’s probably already a bit of a wedge 😬 He had to know you’d have feelings about someone being … exactly as selfishly, narrowly focused on his own gains, even at others expense and livelihoods, as the conman in chief.
And heaven forbid the union has to negotiate. The NLRB is going to do Jack for him.
My brother and I have been political opposites since 2015. He thinks he’s what I like to call “sports team conservative” and just started make six figures as well. He and I were talking like a month ago and I honestly just started to feel sorry for him. He did work really hard to earn an MBA and now he’s working 2 well paying jobs and running himself ragged trying to make himself Uber successfull but in reality he’s at the lower end of middle class. Then he mentioned how things will get better once Trump gets rid of income tax. I had to stop myself from busting out laughing at him. The delusion that his way of life won’t be ruined is honestly heart-beeaking.
@@NewVanquished Trump never actually said he would end income taxes ,but rather *hinted * at the possibility of it. So for your brother to assume that was gonna happen ,was his own error. Recession ( if it’s not already here)is on the horizon and will happen no matter who was in the oval office. It’s not like Kamala’s plans were THAT much better than Trump’s. There were things already set in morion, which is why I love my finance guy for giving me the heads up.
@@royceroyce7715Yea, to think that who his bro voted for was the ” last straw”😂 Honestly if I were to lose someone based on who I or they voted for, they probably weren’t real friends/family anyways. Sometimes the trash takes it’s self out
The idea that recessions happen regularly and are kinda NECESSARY for the market to continue and grow makes me think, perhaps, this is not the best financial system to have….
Exactly what I was thinking!
There’s a spectre haunting America…
Descendants of Indigenous Americans agree
Edit: wow just noticed the comment above mine 😮
an economic system dependent on infinite growth, on a finite planet, has to reset violently every now and then. recessions are treated as an exception, but they’re really part of the system
@@queentrinicorn9441stop doing the Noble Savage thing, I know your white.
The one thing I’m doing right now, and I feel like is happening across many communities I engage, is being super thoughtful about WHERE I spend the money I am still spending. I’m choosing the lessor of the large corporations. Example: I’m removing as much as possible my pet subscription orders from Amazon and shifting them to Chewy. I’m choosing to shop at Costco rather than Target/Whole Foods. Can I go to a Farmers Market and skip the grocery store entirely? I know that my choices aren’t perfect, but the more I can impact the bottom line of big business, I am going to do it. This is my small act of defiance on the day to day. Buying less crap in general, and buying it elsewhere when I must. These corporations listen to one thing and one thing only… money.
Love it and am doing the same! Will say that Chewy is still a large corp, if you can getting pet supplies from a local pet shop is a good option!
Same here. I’ve tried to order as little from Amazon as possible. I’m going to get a Costco membership next week and I am trying to spend as little at Walmart as well.
Woohoo! It’s all about harm reduction. Perfection is not the goal❤ You are doing great!!!👏🏻👏🏻👏🏻🎉
@@the_julia_fairtotally agree, and doing a bit of both. Going with local when I can, and then bigger (but still considering their policies) when I can’t. I’ve found that Chewy is really really good with personalized customer service, and have continued with their DEI initiatives so I want to reward those bigger companies like Costco and Chewy with my business.
We ended up gradually switching our stuff to Chewy, too, and the final straw was Amazon delaying and then only partially fulfilling one of our auto ship orders and me having to make an emergency run to the grocery store or pet store. Chewy seems to be more dependable.
My entire life has felt like a recession.
Same…I graduated college in 2011, got first corp job in 2014 @$15/hr and finally broke out of 40k two yrs ago (after going BACK to college and switching industries from business to IT) and got laid off TWICE in 2023. Nannying rn…which I did in…college! Woo!
That’s called chronic depression 😢
@emanym Economic or mental cause I feel both 🤣🤣🤣
@ Hang in there. It’s always darkest before the dawn.
was told to focus so hard on a degree, that by the time i got my associates in 2023 EVERY job market was asking for a bachelors or masters. I STILL need a car. Do not have enough “Experience” to get a fairer job with benefits.
I am worried about the long term, how will other countries trust us again? They won’t. They shouldn’t. Once is a fluke, twice is a choice. US is showing it’s declining state and power on its sleeve now and I just can’t comprehend why so many people wanted to make the rich even richer at great personal expense. A third of voters being ok with fascism is troubling to say the least… It feels hopeless
Completely agree. It’s scary.
If we as a country start working toward better choices, they will again. But, just like the video emphasizes, we have to DO SOMETHING. Small things, big things, whatever – something besides lay down and just let it happen. Change starts small, no change happens when we stop trying.
From a German perspective, I can tell you that it took the world about 60 years to build trust again and not primarily associate us with Nazism. When I was young in the 90s, that was still very much the tenor.
I’m afraid Canada is done, tariffs or not, Trump or not.
It’s a shame, given we have no issue with over 50% of Americans. Even the ones voting Trump are broadly victims of a sabotaged education system and abandonment by financial powers.
This is a at the core, a gaggle of oligarchs who have just realised they can swing for the fences, intentionally crash the economy and buy up the small remaining wealth in the fallout. And the world is going to suffer to make about 10 people’s networth quadruple.
Being born in 1995 really feels like a punishment at this point.
Being born in 1998 😢
Naw it’s really 1990-1999😂
Hmm? Born from 1950-2008 we are all going through the same thing. What you say makes no sense.
@@InfiniteQuest86 boomers are fine and bouta croak , gen x are largely entering retirement age, and their 20s was in the golden age of the 90s and their 30s in the best years of the early 2000s . Older mil’s had it just right. It is those born right about 1988-1999 who tired as hell and yes it feels like a punishment!
@@InfiniteQuest86 lots of people are unaware of how bad the economic slumps of the 70s and 80s really were. Entire cities and countless small towns died.
I know you all are focusing on Canada because of the cultural “closeness” but here in México has been pretty rough too, threats to sovereignty are not only directed to Canadians, the thing is that the discourse behind Canada is extremely unhinged and much more mediatic but the fact that they think the Mexican territory is basically protecting terrorists makes us extremely unsafe and vulnerable to the US military intervention.
🇨🇦 I hope we can work more together – Canada loves Mexico – we are all here buying Mexican goods.
Absolutely. I would not be surprised that they came to ‘help’ with the cartels and never left installing a puppet government. So sorry for what you are going through. Greetings from the EU.
I apologize to Mexicans as I had that idea too – and while the cartels seem to still be pretty bad in a lot of areas, as I look at options of where to go, Mexico has places that are great and safe.
I do think the racist mindset of this “administration” makes the potential of reckless brutality against Mexico more likely. But it’s not off the table toward Canada either because these people are sociopaths. What’s scary is how many of my fellow Americans approve of this aggression, chaos, and effery.
100%