Jason Hartman and Gary Pinkerton evaluate the article “27 Charts That Will Change How You Think About the American Economy”. The article documents changes in the US economy in relation to productivity, demographics, and inflation. The two explore the consequences of people working past the social security mandated retirement age, service job opportunities compared to labor jobs, and the very real opportunity being presented to real estate investors because of how many Americans lack disposable income.
[3:40] Gary found the Creating Wealth podcast because he was looking for a way to shift active income into passive income
[5:57] Timothy Lee’s article, “The 27 Charts that will change how you think about the American economy”
[10:07] An important standard of living indicator is growth of the Service Industry
[13:59] There has been a steady decrease in labor force numbers since 2000
[16:30] Urban areas have been showing growth
[21:05] Chart #19 documents inflation-adjusted housing prices.
[26:18] Housing prices have greatly outpaced construction costs.
[30:42] The definition of American retirement has changed.