"Everyday people do not have access to use credit for a productive purpose." . @Abude_al_asaad sat down with @maxwiethe to talk about why most credit products fuel consumption, and what it means to offer credit for ownership instead.

RT @n8vtaylor: Debt is the bedrock of how wealth is built.

"Is the Solution to the Retirement Crisis More Debt?". from @n8vtaylor in @401kspecmag

"The difference between struggling to save and building real wealth often comes down to one factor.". In @401kspecmag, our head of growth @n8vtaylor breaks down how financing could help turn everyday Americans into owners.

RT @Abude_al_asaad: Enjoyed riffing with @maxwiethe about how financing assets works with @getbasiccapital.

RT @maxwiethe: OUT NOW new episode of @opmpod with @Abude_al_asaad of @getbasiccapital on:. -The backlash to Basic Capital.-The case for le….

RT @Abude_al_asaad: None of this happened by accident. It’s the result of policy failure and the private sector's poverty of imagination to….

RT @Abude_al_asaad: By retirement age, many Gen Xers will be looking at:. • A 401(k) that’s hundreds of thousands short.• Heavy reliance on….

RT @Abude_al_asaad: That formula no longer holds:. • Social Security remains vital, but it’s underfunded.• Pensions have disappeared.• 40%….

RT @Abude_al_asaad: Back in the 1940s Reinhard Hohaus, an actuary at Metropolitan Life, gave us the “three-legged stool” of retirement:. •….

RT @Abude_al_asaad: For decades, there was an unspoken truce between employers and workers: You give the company your best years, and they….

RT @Abude_al_asaad: But there has to be a way for employers to show up for their workers without breaking the balance sheet. That’s what w….

RT @Abude_al_asaad: Retirement didn’t disappear. It was redesigned to shift the burden onto workers, and the support structure vanished. Y….

RT @Abude_al_asaad: Some managed to make it work. But for most, the results have been punishing. In 2020, the US Census Bureau found:. • T….

RT @Abude_al_asaad: Retirement became a solo project. Workers were now expected to:. • Contribute from each paycheck.• Navigate the investm….

RT @Abude_al_asaad: The handshake between labor and capital began to unravel. By the 1990s, the pension was no longer a promise but a liabi….

RT @Abude_al_asaad: Corporations responded by:. •Slashing costs.•Pushing for flexible labor.•Sending jobs overseas. At the same time, life….

RT @Abude_al_asaad: During the postwar boom, steady growth and union contracts brought wages and benefits to millions. Part of that agreem….

RT @Abude_al_asaad: If not for credit, there would not be farmers, homeowners, automobile owners, or an educated populace.

RT @Abude_al_asaad: But most Americans can’t buy enough to make it count. Unlike mortgages or farm loans or even student debt, there’s bee….