➡ A recent survey reveals that many people are struggling financially in 2025, with 35% delaying or cancelling big purchases due to financial difficulties. Many are even forgoing insurance to afford food, with one in four reducing their homeowners coverage despite the risk of natural disasters. The economy’s state has led to a decrease in home and retail sales, job cuts, and an increase in AI replacing jobs. The situation is causing significant lifestyle changes, with people cutting back on expenses and businesses, including tech giants like Microsoft and Google, reducing their workforce.
➡ A homeowners association in Texas overcharged its residents by $52,000 for water bills, using commercial rates instead of lower residential rates. Despite this, the city only offered a $500 refund, claiming they don’t have to refund beyond six months. This has led to widespread frustration among the homeowners, who feel they are being taken advantage of. The situation highlights the financial struggles many are facing, including the difficult choice between necessities like food and energy.

Hey it’s Dan! Welcome back to IAllegedly. I’ve got a good one for you today. That’s pretty wild, first of all, and that is so many of us are facing challenges right now, and there are two amazing surveys that just came out that, you know, will show you that you’re not alone, that you’re having difficulty, and like I always say, hit the like button, subscribe to this channel, hope you join the email list, and let’s get right into it. Wow! First things first guys, they serve at a thousand people, and 35% said that they delayed or canceled big purchases already in 2025 because they are not doing well financially.

Okay, that’s over a third, that’s huge. The next thing is that most commonly a home, 22%, and 8% that they put off a car. 12% said that they don’t want to spend money at all right now on anything. You know, one thing that I did, I did a video two months ago that flopped basically, it just didn’t get many views to it, and it was wild because it had the stats that basically one in five people driving down the street don’t have insurance, excuse me, one in four people to have insurance, and it’s crazy.

So, you know, the thing about this is that as we did these financial numbers, you know, people are talking about how they had to scale back everything, but insurance, people are forgoing insurance to eat right now. They are not buying insurance so they can buy food. I’m telling you guys, fix your life, fix something, because I’m telling you how the law works and how, you know, karma works. If you don’t have insurance, you’re the one that gets in the accident. I’m telling you this right now. It is an evil that we have to pay with our health insurance, with our everything, everything in our lives.

Please, I’m begging you not to do this. So, absolutely wild. You know, one in four have reduced their homeowners coverage. Okay. All we’ve heard about in 2025 are things like wildfires and, you know, every natural disaster out there, but you want to cut that back? That seems pretty stupid to me, but, you know, car insurance saw the biggest cuts. You know, 15% say they’re scaling back, 8% said that they don’t have full coverage anymore, and again, the number one in five, okay, don’t have insurance. Goes up to one in four.

Now they’re saying it’s one in three. The odds that you’re going to drive down the street and get an accident with somebody that doesn’t have insurance, increase daily right now because of how bad the economy is. That is wild. Absolutely wild. So, do yourself a favor right now. Just, I’m telling you, work on your finances. This year, 2025 is halfway done, guys. It’s finished. Okay. Have you set goals? Have you made goals? Have you cleaned up your debt? Have you gotten a better job? Have you done it? I know so many people that are in the process of doing all this, and it’s a continual process to get themselves fiscally better, to cut their bills, to cut back, to not waste money.

Do what you can do for this right now, because, guys, it is crazy that people are living through this. So, of all these surveys, I mean, it’s just, it’s terrible. So many people, you know, they feel that 50% of the economic uncertainty, you know, the high prices of everything are affecting each and every one of us. Unaffordable monthly bills, cut back, cut back. I know so many people that have jobs that do not work full-time right now. And, you know, they get part-time here, part-time there. That’s it, guys. They don’t get a full-time gig anymore.

So, it all comes back to how you can cut back. And right now, there was a great survey, another one that was done, about 11 things that were wrong. And the first thing is sales. Sales of houses have completely tanked. You’re seeing this, that houses are sitting on the market longer than ever right now. And this has just getting worse and worse and worse. Each 30-day period, there’s a new change and a new number for the real estate market. Now, I have people that write me. Every time I talk about these stats, and I’m going to share the, all of this is not coming from Dan making it up.

It’s coming from new sources and different, you know, surveys and things like that that they did. They did 1,000 homeowners. I’m talking to them about this. You know, home sales have fallen for the last two months, which is a really bad sign. So, you’re seeing the sales of houses drop, you know. Home sales themselves have been the worst that they’ve been since July of 2008, guys. So, those years, 2008, 2009, we keep hearing about these horrible periods where everything collapsed and things are being compared to that daily, daily. Retail sales, you know, fell even more than expected.

Nobody is buying anything. No one’s walking into stores and buying things like they used to. They are absolutely buying online, trying to save money, which is what you should do. But, you know, restaurants are close in their record pace. You have restaurants that cannot stay open later. I was, you know, talking to a friend of mine who grew up in Las Vegas and was saying that, you know, the 24-hour Las Vegas that we knew and grew up with is done. It’s over with. Las Vegas is dying. Travel is dying. So, the Federal Reserve Bank is warning that the labor market is going to deteriorate during the first quarter and first half of 2025 and that you’re going to see AI take over more than ever.

No one anticipated that AI was going to do what it did and what it’s done is it’s taken away jobs and you haven’t seen anything yet, guys. I mean, you call businesses and they ask you questions via the computer before you can talk to a human being and they’ve cut back the staff 25, 30 percent, you know, 47 percent of challenger in gray say employers are going to cut back jobs, 47 percent less jobs. We’re going to cut back. Again, I told you about my friend that got laid off and he’s in a management position, was in a management position and has two different companies that are interested him right now and he’s going back and forth with them.

So, I’m not worried about him not getting a job but it’s awful, guys, because they’re cutting back and getting rid of hundreds of people at companies. You guys see this every day. We see all this stuff. The US employers have announced 80 percent more job cuts will be coming, 80 percent more. So, not only not going to hire the tune of 47 percent, we’re going to lay off 80 percent more employees right now that we’ve talked about. At a record pace, factories here in California have shuttered at a record pace.

You don’t have manufacturing. I talked about the hair care company John Paul Mitchell over the course of how they’re moving out of California to Texas and that’s a big book. That’s a billion dollar business making hair care products here and they’re done. More than three percent of Paramount’s entire workforce will be shifted out of the country. Paramount Global is trimming the US workforce by three and a half percent. Unbelievable, guys. Unbelievable. You know, film production is done. You’re seeing, you know, TV shows not getting made. You’re seeing more things with Netflix and I love how, oh, this is the greatest TV show ever.

I’m telling you guys, they churn these things out in an hour, it seems like. So, it’s not what it used to be by any means. You know, for the first time, Microsoft is cutting its gaming division which has been, it’s bellwether, it’s made so much money from gaming and from the nerds buying all this stuff and all these different consoles and games and online platforms and they’ve taken over everything and it’s done, guys. They’re not doing this anymore. Now, the other thing is Google. Google is reducing headcount at a record pace.

Absolutely crazy, guys. So, what’s doing well right now? The negative is doing well right now. If you repossess vehicles and yes, you’re seeing repossessed vehicles go at a record pace right now because of the fact that people are not making those car payments and they’re going after these people. You’re seeing divorce layers that are doing very, very well which is sad, guys. You’ve got to fix this stuff. Don’t let money break up your marriage because that’s what’s happening to so many people. You know, it’s terrible, absolutely terrible. Final, final story of this video, short video this morning for you.

Think about this, guys. You have a homeless association where you have to pay your water bill and this, they have a homeless association is different than the one across on the other side of the golf course. So, you have to pay your association. They cover different things. Sometimes they just cover, you know, water in the grass and taking care of the maintenance of the lawn and making sure the lights are turned on when you’re pulling to the complex. Well, no. Some of these handle the water for the homeowners and this one in Texas went out and was handling the water bills for everybody at their homeless association and over billed the people by $52,000.

They charged, they were charged by the city. They were charged commercial rates when they should have been charged the lowest tier rates for residential units. Now, the problem with this is that you go back and it’s been happening for years. Add here, add there. All the homeowners went back and said, I’m responsible for $50,000. Myself, this is insane. They were offered from the city $500 as a reimbursement, which is criminal. $500. How do you accept that? Well, we don’t have to go back and refund your money beyond six months. That’s where you get a lawyer, guys, because it’s like they stole the money.

It’s, it’s, it’s criminal what they did. They didn’t just go out and overcharge people. They knew they were doing it. They used a different tier to charge these people and then took advantage of it. So we were all fed up, guys. Everybody is at what’s end. Everybody is tired of paying these prices and restaurants. Everybody’s tired of the poor service. Everybody’s tired of walking to a restaurant and having one server, two servers. It’s too much, guys. It’s too much. And you’re not alone with this. You’re not alone with any of this stuff financially because it’s happening to every single one of us right now.

So let me know what you think. Hit the like button, subscribe to the channel. And if you want to get a hold of me, it’s hello what I allegedly.com. Again, guys, do you think that this is right? Any of this stuff. I just think that you cannot live without insurance, guys. Don’t do this. Don’t cut back so much that you have to make a decision on food or energy. It’s the summertime. It’s hot. You can go without air conditioning. But when winter rolls around, which comes real, real quick to some of these states, you’re going to see people go out and not be able to afford heating and the same thing we deal with year after year after year.

Let me know if I’m wrong. Reach out anytime. I’ll see you soon. [tr:trw].

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