The Clark Howard Podcast 05.12.25 Income Inequality / Privacy Alert! Alexa Can Hear You
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May 12, 2025 Income inequality in the U.S. has reached alarming heights, with the top 10% holding 70% of the wealth. This disparity significantly affects those struggling at the bottom. The conversation also dives into the privacy issues surrounding smart devices, particularly Amazon's Alexa, raising concerns about constant monitoring. Listeners receive tips on protecting their credit and navigate frustrations with customer service, especially when dealing with unexpected charges. The show combines financial wisdom with a keen awareness of modern privacy risks.
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Severe U.S. Wealth Inequality
- The top 10% in the U.S. hold 70% of the nation's wealth, creating an extreme wealth gap.
- The bottom 50% own only 3%, worsening struggles with basic expenses like rent and food.
Wealth Gap Divides Society
- Wealth disparity divides society with rich and poor living separate, creating disconnects.
- This split harms social cohesion and is unhealthy for the nation.
Smart Student Loan Payoff
- Pay off your child's higher-interest student loans to ease financial burden.
- Leave her responsible for the lowest interest loan so she values your help and manages debt.