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1994 - What Americans Thought About Their Money
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823,497 Views • Mar 22, 2020 • Click to toggle off description
Back in 1994, I got a job from Fidelity Investments to ask people around the country (men and women on the streets) what they thought about their savings, investments, their future, security, Wall Street and the stock market, bonds, real estate, etc. At the time, I didn't know much about investing and wasn't in the stock market. Looking back on it, things seemed brighter and more optimistic when these folks looked at the future, then things seem today. I'd love to ask all of these people (the releases have been lost) in the present what happened to their hopes and dreams and investments and faith in the markets. I remember that Peter Lynch who appears in this documentary was considered a great investment manager during that time and helped build the Fidelity Investments brand.

Looking back, in 1994 the USA was in a period of economic growth following a recession in the early 1990s. The time was characterized by a shift towards a more service-oriented economy, with the growth of technology and the internet driving innovation and job creation.

The rise of the internet and e-commerce created opportunities for businesses and entrepreneurs, leading to the creation of many new jobs in technology and related industries.

Despite the overall economic growth, there were significant disparities in income and wealth. The gap between the rich and the poor had been growing since the 1980s and this trend continued through the 1990s. Many workers struggled with stagnant wages and job insecurity.

The Americans who were making the most money back then were those in executive positions at large corporations, especially in the financial and technology sectors. At the time the stock market was booming so those who held high-level positions saw significant increases in their compensation packages. According to the US Census Bureau, the median household income in 1994 was $34,076. However the top 1% of earners took home over 14% of all US income. In 2021 the top 1% of income earners in the United States received approximately 16% of the country's total income.

During this period, the 1% were often in the financial sector with top earners in investment banking, private equity and hedge fund management. Top executives in tech companies such as Microsoft, IBM, and Intel were also among the highest-paid Americans.

In 1994, Fidelity Investments was one of the largest mutual fund companies in the United States with assets under management of over $200 billion. During that decade Fidelity continued to expand. In late 1994 (when they hired me to make this film) they launched their first online trading platform, Fidelity OnlineXpress, one of the first online trading platforms available to retail investors.

Although I never worked for them again Fidelity remains one of the largest investment management companies in the world. Their offerings now include not only mutual funds, but also ETFs, managed accounts, retirement planning services and other investment products. Fidelity is also a major player in the online brokerage industry with its Fidelity.com platform serving millions of individual investors.
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Views : 823,497
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Date of upload: Mar 22, 2020 ^^


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RYD date created : 2022-02-24T22:21:56.748855Z
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YouTube Comments - 3,571 Comments

Top Comments of this video!! :3

@DennisTrovato

4 years ago

80s - I make a Dollar, I spend three. 90s - I make a Dollar, I save 25 Cents Today - You guys are getting paid?

8.9K |

@TakodaRA8

4 years ago

I really hope that lady got her ranch.

3K |

@talhahhuda1484

3 years ago

isn't it crazy this is almost 30 years ago it feels like the 90's were only 10 years ago

1.9K |

@Frosty-cg8xf

3 years ago

Sweden: has at least 1 years salary in bank Canada: has 3 months salary in bank America: has 12 seconds salary in bank

265 |

@chbrules

4 years ago

80s: I make a dollar, I spend 3. 2020's: I make a dollar, I leverage 3 home credit lines to buy a $80k SUV I can't afford at 0% interest for 84 months

2.3K |

@daisy8284

4 years ago

The 90s were an amazing time to be a kid/teenager!

2.8K |

@londonghoulchannel6409

3 years ago

Man the internet sure killed the human spirit

1.6K |

@pg9193

3 years ago

ah, the relaxing personalities of people who still lived in a tangible, shared reality

255 |

@karlwashington6414

3 years ago

"Every day I have to wake up at 5 o'clock in the morning I'm ready to retire". Felt that

716 |

@misterj1396

4 years ago

“CDs are very low” Oh you have no idea how much lower they can get lol

2K |

@milkncookie

3 years ago

I very grateful I have enough to retire for the rest of my life, however I just need to make sure I die by tomorrow, midnight.

208 |

@isaacherrera8859

3 years ago

2020: everything on the dollar menu is $2.75

619 |

@MaNFrMTaUR3D

4 years ago

People looked happier back then

2.7K |

@JB-js4xi

4 years ago

The only thing I DON'T miss about the 90s---high long distance phone bills.

1.2K |

@andregarcia3355

3 years ago

I was a teenager in the 90's and the the thing I miss the most from those times is to miss someone. Today missing someone is a rare feeling..and i'm not a social weirdo! We have so much distractions, entertainment and stuff going on that most people today doesn't get the most of simply being with... people.

372 |

@JNeil1975

3 years ago

I was 19 in 1994. I would absolutely relive the 90's! Gosh, we had no idea how much America would change by 2021!

12 |

@sadietravels6213

4 years ago

I wish you could talk to these people again a little over 25 years later. How did things work out. We’ve had quite a ride over the past 25 years. I just started working in 1992. I remember that time very well.

1K |

@TheRealGnolti

4 years ago

A house in Spain, a house in Australia, and a house in New York? Somehow I don't think they acquired those with mere savings.

569 |

@loganstrait7503

3 years ago

I can't tell if it's the blinding of nostalgia or if we really are living in the shadow of a world that fell.

105 |

@TheSvs1

3 years ago

God, I miss the 90's. People were so calm and reasonable.

149 |

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