Devin Fergus, an Arvarh E. Strickland Distinguished Professor at the University of Missouri, dives deep into the hidden costs undermining the American middle class in his insightful discussion. He sheds light on how fees embedded in everyday transactions contribute to wealth inequality. Fergus connects these financial burdens to deregulation and critiques policies impacting housing, education, and employment. He also addresses the pitfalls of payday lending and reflects on economic mobility myths, revealing the harsh realities for many.