Motley Fool Money
WeWork Goes Bankrupt
Nov 7, 2023
In this engaging discussion, Bill Mann, an investment analyst at The Motley Fool, dives into the seismic shift caused by WeWork's Chapter 11 bankruptcy and its ripple effects on commercial real estate. He reflects on the importance of evaluating financial metrics as Uber celebrates its operating profit. Bill also shares insights from his travels in Africa, emphasizing the youthful demographics and rising commodity prices, providing a fresh perspective on global economic trends. Tune in for valuable lessons on investing and the state of American finances!
26:51
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Quick takeaways
- WeWork has filed for Chapter 11 bankruptcy, signaling the real consequences of venture capital.
- Bill's trip to Africa offers valuable economic insights, broadening our understanding of global markets.
Deep dives
Income and Wealth Growth
Median income in the US rose by 3% from $67,900 in 2018 to $70,300 in 2021. However, the average income increased by an impressive 15%. The growth in income was primarily seen in households with college degrees, while those without degrees experienced little to no growth. Net worth also saw significant increases, with median net worth surging 37% to $192,900 and the mean net worth increasing 23% to $1,063,700. Home ownership played a crucial role in wealth accumulation, as homeowners had more than double the net worth of renters. Additionally, financial assets such as retirement accounts and stocks also experienced growth, with direct ownership of stocks seeing a notable increase from 15% to 21% between 2019 and 2022.
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