Mindful Money 061: Carol Graham - The Power of Hope
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Carol Graham is interim Vice President and Director of the Economic Studies program at Brookings, College Park Professor at the University of Maryland, and a Senior Scientist at Gallup. Her books include: The Power of Hope: How Wellbeing Science Can Save us from Despair , The Pursuit of Happiness: An Economy of Well-Being , and Happiness Around the World: The Paradox of Happy Peasants and Miserable Millionaires , among others.
Today, she joins the show to expound on her passion for helping to improve the lives of others, the power of mentorship and the connection between hope and life satisfaction.
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Key Takeaways
00:54 – Jonathan introduces today’s guest, Carol Graham, who joins the show to discuss her background as an immigrant from Peru, why America is no longer the land of opportunity, and her passion for helping to improve lives and end poverty
15:41 – Measuring hope and life satisfaction
22:20 – Why hope matters
31:36 – The power of mentorship
36:27 – How do we manage for hope
42:47 – The impact of technology and social media on despair
51:04 – One thing Carol would change about the system
54:20 – One thing Carol would like others to know about her and the one question she would want to know the answer to
56:24 – Jonathan thanks Carol for joining the show and lets listeners know where to connect with her
Tweetable Quotes
“More recently, I would say what has been eroding our democracy in part is that erosion of our shared cohesiveness as a society and the shared belief that people used to have that they could get ahead, that this was the land of opportunity. And it’s really not.” (06:14) (Carol)
“Less happy people care more about money. Happy people care more about learning and creativity.” (14:26) (Carol)
“Hope is really linked to better future outcomes for people. People who have hope for the future end up doing better in life. It’s not rocket science. If you believe you have a future, you’re more likely to invest in it.” (22:35) (Carol)
“Despair actually takes people’s agency away. And it isn’t just their income or their employment. It’s their ability to conceive of a different future and to do something about it.” (34:42) (Carol)
“People with low levels of well-being have worse outcomes in life. And part of it is because low levels of well-being affect your behavior.” (38:53) (Carol)
“To get people out of their isolated, desperate shells and back into the community is a first step. It’s the first step towards restoring meaning and purpose in life which, again, starts to restore hope.” (49:24) (Carol)
Guest Resources
Carol’s LinkedIn: https://www.linkedin.com/in/carol-graham-45a2a82a/
Carol’s Profile on Brookings: https://www.brookings.edu/experts/carol-graham/
Carol’s Email: cgraham@brookings.edu
Carol’s Books:
Improving the Odds: Political Strategies for Institutional Reform in Latin America: https://play.google.com/store/books/details/Carol_Graham_Improving_the_Odds?id=r9B5DwAAQBAJ&hl=en&gl=US
Safety Nets, Politics, and the Poor: Transitions to Market Economies: https://www.amazon.com/Safety-Nets-Politics-Poor-Transitions/dp/0815732287
Private Markets for Public Goods: Raising the Stakes in Economic Reform: https://www.amazon.com/Private-Markets-Public-Goods-Economic/dp/0815732295
Happiness and Hardship: Opportunity and Insecurity in New Market Economies: https://www.amazon.com/Happiness-Hardship-Opportunity-Insecurity-Economies/dp/0815702418
Happiness Around the World: The Paradox of Happy Peasants and Miserable Millionaires: https://www.amazon.com/Happiness-Around-World-Miserable-Millionaires/dp/0199606285
The Pursuit of Happiness: An Economy of Well-Being: https://www.amazon.com/Pursuit-Happiness-Economy-Well-Being-Brookings/dp/0815724047#:~:text=Book%20details&text=In%20The%20Pursuit%20of%20Happiness,happiness%22%22%20into%20public%20policymaking
Happiness for All?: Unequal Hopes and Lives in Pursuit of the American Dream: https://www.amazon.com/Happiness-All-Unequal-Pursuit-American/dp/0691204551
Other Books Mentioned:
Our Kids: https://www.amazon.com/Our-Kids-American-Dream-Crisis/dp/1476769907
Mindful Money Resources
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