The Money with Katie Show

Until the global Pamela Anderson, I had never given much thought to ~the supply chain~ and where the things I buy come from—I kinda just took it for granted that I’d have 12 different almond butter options every time I wandered down Aisle 4 at my local King Soopers.And when you’re knee-deep in the “Financial Independence/Retire Early” world, there’s a heavy emphasis placed on attaining the things you need as cheaply as possible.Unfortunately, being able to purchase something for a single dollar in the US usually comes at a cost to another human being somewhere up the chain, and as consumers, we’re more or less shielded from exposure to exploitative labor practices, especially globally. This week, I wanted to explore consumption habits through the “personal finance” lens. We invited Sana Javeri Kadri, an entrepreneur in her twenties who’s revolutionizing the Indian spice trade from the inside out, to join us for the conversation.Sana (who recently closed a $2 million funding round) is proof that equitable business models are better for everyone from the farmer to the end consumer.To learn more about our sponsor, Vin Social, check out http://vinsocialvip.com/.Episode transcripts can be found at https://www.podpage.com/money-with-katie-show/.—Mentioned in the Episode 450 million in the global supply chain: https://www.hrw.org/news/2020/04/02/covid-19-puts-millions-global-supply-chain-workers-risk Outsourcing to China, Korea, and the EU: https://www.ilo.org/global/about-the-ilo/newsroom/news/WCMS_370189/lang--en/index.htm "Food at home" prices up 12% this year: https://www.ers.usda.gov/data-products/food-price-outlook/summary-findings/#:~:text=In%202022%2C%20all%20food%20prices,between%2010.0%20and%2011.0%20percent. Crocodile farming and Hermès scandal: https://www.vice.com/en/article/g5bg8x/hermes-plans-to-build-australias-biggest-crocodile-factory-farm British colonization of India for spices: https://www.statecraft.co.in/article/spices-textiles-slaves-tea-and-opium-why-the-british-came-and-stayed-back-in-india Bon Appétit's interview with Sana: https://www.bonappetit.com/story/sana-javeri-kadri 60% of India lives on less than $3.10 per day: https://www.cnn.com/interactive/2017/10/world/i-on-india-income-gap/ Diaspora Co.'s single origin spices from 150 farms: https://www.diasporaco.com/pages/about Sana's $2.1m funding round (Forbes): https://www.forbes.com/sites/shaynaharris/2022/07/14/diaspora-co-mints-21-million-in-fresh-financing-to-build-an-equitable-spice-trade/?sh=635c64c274a4 —Follow Along- Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/- Read Money with Katie: https://moneywithkatie.com/Follow Money with Katie!- Instagram: https://www.instagram.com/moneywithkatie/- Twitter: https://twitter.com/moneywithkatie- TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew- Sign up for free today: https://bit.ly/morningbrewytFollow The Brew!- Instagram: https://www.instagram.com/morningbrew/- Twitter: https://twitter.com/MorningBrew- TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

I’m not an investment professional or licensed financial advisor, but I do have access to free products and portfolios built by licensed investment professionals—and so do you! The perks of living in 2022, right?This week, we’re breaking down a few big investing topics: the relationship between risk and returns diversification beyond the S&P 500 (and why it’s something you may want to consider, considering it involves securities that aren’t down 25% YTD) the (free) tools you can use to level up your portfolio I also sat down for a conversation with Trey Lockerbie of The Investor’s Podcast Network (https://www.theinvestorspodcast.com/) to talk about all things “value investing,” Warren Buffett, and why Trey can’t help himself from investing in individual stocks.To learn more about our sponsor, Vin Social, check out http://vinsocialvip.com/.Episode transcripts can be found at https://www.podpage.com/money-with-katie-show/.—Mentioned in the Episode Rational Reminder on "factor investing": https://podcasts.apple.com/us/podcast/the-rational-reminder-podcast/id1426530582?i=1000575745961 Ken Fisher, American billionaire investment analyst: https://www.kenfisher.com/books/little-book-market-myths/chapter-09 Callan’s Periodic Table of Investment Returns: https://www.callan.com/research/2021-classic-periodic-table/ S&P 500 total returns by year: https://www.slickcharts.com/sp500/returns M1 Finance: https://m1.com/ Roth IRAs per the IRS: https://www.irs.gov/retirement-plans/roth-iras —Follow Along- Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/- Read Money with Katie: https://moneywithkatie.com/Follow Money with Katie!- Instagram: https://www.instagram.com/moneywithkatie/- Twitter: https://twitter.com/moneywithkatie- TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew- Sign up for free today: https://bit.ly/morningbrewytFollow The Brew!- Instagram: https://www.instagram.com/morningbrew/- Twitter: https://twitter.com/MorningBrew- TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

A little confused about how we’ve gotten to…well, ~gestures to everything~? The S&P 500 down roughly 25% YTD, record-high inflation, and rate hike after rate hike? SoFi’s (https://www.sofi.co) Head of Investment Strategy, Liz Young, joins me to break it all down—and makes a few historically informed predictions about what’s likely on the horizon in 2023.She also addresses why she thinks now’s the time on which we’re all going to look back and wish we bought more, what to buy during downturns, and the relationship between the stock market and the bond market.Katie also answers a question about Roth IRA platforms. Placement is a general marketing offering and is not a recommendation to take any particular action, including rolling over an existing account. Consider your personal situation and preferences, including fees and expenses for each option, before deciding to roll over. Please refer to Betterment's Form CRS (http://www.betterment.com/legal/form-crs) and other disclosures (http://www.betterment.com/legal) for more information.To learn more about our sponsor, Vin Social, check out http://vinsocialvip.com/.Episode transcripts can be found at https://www.podpage.com/money-with-katie-show/.—Mentioned in the Episode The Important Part: Investing with Liz Young: https://open.spotify.com/show/3v9RQmKZioeCCDXEdmlZNP?si=9e91ea5676834fa1&nd=1 Bond market in "bull market": https://www.nasdaq.com/articles/r.i.p-bond-bull-market-1981-2021-2021-03-16 Inverted yield curves: https://www.cnbc.com/2022/09/21/what-the-inverted-yield-curve-means-for-your-portfolio-.html Yield curves & recessions: https://www.chicagofed.org/publications/chicago-fed-letter/2018/404 Net present value: https://www.investopedia.com/terms/n/npv.asp Jack Raines's Young Money post on risk: https://www.youngmoney.co/p/rethinking-risk Liz Young's 2022 outlook, "Running Into the Wind": https://www.sofi.com/blog/2022-market-outlook/ Liz Young's H2 2022 outlook, "Running Out of Steam": https://www.sofi.com/blog/liz-looks-2h-2022-outlook-running-steam/ Roth IRA platforms mentioned: Vanguard, Fidelity, Charles Schwab (most hands-on), M1 Finance (partially hands-on), Betterment (mostly hands off) —Follow Along- Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/- Read Money with Katie: https://moneywithkatie.com/Follow Money with Katie!- Instagram: https://www.instagram.com/moneywithkatie/- Twitter: https://twitter.com/moneywithkatie- TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew- Sign up for free today: https://bit.ly/morningbrewytFollow The Brew!- Instagram: https://www.instagram.com/morningbrew/- Twitter: https://twitter.com/MorningBrew- TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

This week’s episode holds two complex truths simultaneously: That sometimes, the answer is working harder, and other times, the answer is policy, interdependence, and community. Sure, individual responsibility is important—but when we try to solve complex, collective problems with individual exceptionalism, we create a recipe wherein quality of life for all but a select few worsens over time. Our individual wealth accumulation and experience of personal finance do not exist in a vacuum—they exist within the context of the economic policy decisions and cultural norms of our time. You can work on your metaphoric swimming and freestyle upstream for as long as you’ve got the energy to do so, but the strength of the current is outside of your control. Usually, we talk about your swimming. Today, we’re talking about the current.Plus, this episode features an interview with Rebecca Walker, activist and author of Women Talk Money (https://www.simonandschuster.com/books/Women-Talk-Money/Rebecca-Walker/9781501154324). Get ready!To learn more about our sponsor, Vin Social, check out http://vinsocialvip.com/.Episode transcripts can be found at https://www.podpage.com/money-with-katie-show/.—Mentioned in the Episode ChooseFI: https://www.choosefi.com/ Beyond the #Girlboss and Fixing the Motherhood Penalty: https://moneywithkatie.com/blog/the-girl-bossification-and-the-motherhood-penalty 40% of Americans have not traveled outside the US: https://www.forbes.com/sites/lealane/2019/05/02/percentage-of-americans-who-never-traveled-beyond-the-state-where-they-were-born-a-surprise/?sh=3a307eb82898 Trick Mirror by Jia Tolentino: https://www.penguinrandomhouse.com/books/567511/trick-mirror-by-jia-tolentino/ Organization for Economic Cooperation and Development study: https://data.oecd.org/earnwage/gender-wage-gap.htm Pew Research Center on paid family leave: https://www.pewresearch.org/fact-tank/2019/12/16/u-s-lacks-mandated-paid-parental-leave/ Trey Lockerbie's tweet: https://twitter.com/TreyLockerbie/status/1572417849351868418?s=20&t=y8rcaIBB6ZKFUAxIkSxR0g US households with children ages 3-5 in 2021: https://www.statista.com/statistics/679812/number-of-households-with-children-by-age/ Joy Borkholder's Crosscut feature: https://crosscut.com/news/2022/01/why-child-care-us-lags-behind-much-world The Way We Never Were by Stephanie Coontz: https://www.basicbooks.com/titles/stephanie-coontz/the-way-we-never-were/9780465098835/ Rational Reminder: https://podcasts.apple.com/us/podcast/the-rational-reminder-podcast/id1426530582?i=1000569872619 WSJ feature on the wage gap: https://www.wsj.com/articles/gender-pay-gap-college-11659968901 The Whiteness of Wealth by Dorothy A. Brown: https://www.penguinrandomhouse.com/books/591671/the-whiteness-of-wealth-by-dorothy-a-brown/ Rebecca Walker's feature in Oprah Daily: https://www.oprahdaily.com/entertainment/books/a39431571/rebecca-walker-book-women-talk-money/ —Follow Along- Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/- Read Money with Katie: https://moneywithkatie.com/Follow Money with Katie!- Instagram: https://www.instagram.com/moneywithkatie/- Twitter: https://twitter.com/moneywithkatie- TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew- Sign up for free today: https://bit.ly/morningbrewytFollow The Brew!- Instagram: https://www.instagram.com/morningbrew/- Twitter: https://twitter.com/MorningBrew- TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

Before I understood the almost-unbelievable magic of exponential compounding, I thought becoming a millionaire was an almost-impossible goal only achievable by the highest earners or people who were already rich. Granted, inflation has certainly shifted the meaning of a million dollars over the last 20 years—but it’s still no small potatoes. Fortunately, we can calculate this path to the magic million with relative ease—so that’s exactly what we’re doing on the show today. If you’re trying to reach a $1 million net worth with a partner in 10 years or fewer, good news—neither partner even needs to make six figures.Of course, the temptation is strong to try to time the market in the context of our current volatile shitstorm. We’ll address why that’s a fool’s errand, historically speaking, and discuss some ~alternative options~. (And reminder: Past performance is not indicative of future returns.)Finally, we're joined by my friend Delyanne Barros, otherwise known as The Money Coach (https://www.instagram.com/delyannethemoneycoach/) and host of CNN's Diversifying (https://www.cnn.com/audio/podcasts/diversifying). Delyanne shares her path from being a high earner and equally high spender to becoming a millionaire on track to retire by age 45.To learn more about our sponsor, Vin Social, check out http://vinsocialvip.com/Episode transcriptions can be found at https://www.podpage.com/money-with-katie-show/.—Mentioned in the Episode Download the free Money Management Routine resource: https://education.morningbrew.com/budget Data on the world's millionaire population: https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html JP Morgan Asset Management study on market timing: https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/market-updates/on-the-minds-of-investors/is-market-timing-worth-it-during-periods-of-intense-volatility/ Secret millionaires: https://www.rd.com/article/secret-millionaires-donations-after-died/ The Psychology of Money by Morgan Housel: https://www.goodreads.com/book/show/41881472-the-psychology-of-money Average monthly spend by a single earner: https://www.nerdwallet.com/article/finance/monthly-expenses-single-person-family Incomes making higher than $150K/year or more: https://www.statista.com/statistics/203183/percentage-distribution-of-household-income-in-the-us/ Median retirement savings amount: https://www.synchronybank.com/blog/median-retirement-savings-by-age/ How to Diversify Beyond The Total Stock Market: https://www.moneywithkatie.com/blog/you-might-be-overexposed-to-large-cap-diversifying-beyond-the-total-stock-market-and-sampp-500 10 Stunning Fast Fashion Waste Statistics: https://earth.org/statistics-about-fast-fashion-waste/ —Follow Along- Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/- Read Money with Katie: https://moneywithkatie.com/Follow Money with Katie!- Instagram: https://www.instagram.com/moneywithkatie/- Twitter: https://twitter.com/moneywithkatie- TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew- Sign up for free today: https://bit.ly/morningbrewytFollow The Brew!- Instagram: https://www.instagram.com/morningbrew/- Twitter: https://twitter.com/MorningBrew- TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

When I did a rent (and invest) vs. buy analysis back in January 2021 with a 2.6% interest rate, the results were pretty neck-and-neck. As rates climbed this year, I figured it would be fun (I’m using the word “fun” loosely) to revisit the exact same scenario with the higher rate.Depressingly, when we recorded this episode just last week, the rate was 5.95%. In the course of a single week, it’s now surpassed 7% as of publish (9/27/2022). How have the rates changed the math now and how does one realistically budget for a median home in the US today with 6+% 30-year fixed rates? Let’s find out.I'm also joined by Andy Taylor, VP & GM of Credit Karma Home (https://www.creditkarma.com/) to discuss breakeven costs, refinancing, and borrowing against home equity.Episode transcriptions can be found at https://www.podpage.com/money-with-katie-show/.—Mentioned in the Episode Summer 2022 interest rates: https://www.forbes.com/advisor/mortgages/mortgage-rates-08-31-22/ Early 2021 rent vs. buy analysis: https://moneywithkatie.com/blog/when-the-math-supports-buying-your-primary-residence-instead-of-renting "Average net worth of homeowners," from CNBC: https://www.cnbc.com/select/average-net-worth-homeowners-renters Quit Like a Millionaire by Kristy Shen: https://www.penguinrandomhouse.com/books/592323/quit-like-a-millionaire-by-kristy-shen-and-bryce-leung-foreword-by-jl-collins/ Data on home ownership averages: https://www.ngpf.org/blog/economics/qod-how-many-years-has-the-typical-american-homeowner-been-in-their-current-home/ Average median home value, from The Motley Fool: https://www.fool.com/the-ascent/research/average-house-price-state Private mortgage insurance: https://www.investopedia.com/mortgage/insurance/ Average homeowners insurance: https://www.investopedia.com/insurance/homeowners-insurance-guide/ Average property tax rate: https://smartasset.com/taxes/texas-property-tax-calculator#UMznyF9L22 Average mortgage rate for 30-year term: https://www.bankrate.com/mortgages/todays-rates/mortgage-rates-for-monday-july-25-2022/ Amortization calculator: https://www.bankrate.com/mortgages/amortization-calculator/ Paying interest first in mortgage payments: https://www.investopedia.com/ask/answer/07/mortgagepayments.asp Average broker's commission: https://www.ownerly.com/real-estate/average-commission-for-real-estate-agent/ Average closing costs: https://themortgagereports.com/35800/guide-to-mortgage-closing-costs-what-average-mortgage-costs-are-and-how-to-keep-yours-low Average 3% rental increases: https://www.apartmenttherapy.com/average-rent-increase-percentage-268659 IRS Standard Deduction: https://brighttax.com/blog/irs-standard-deduction-expats Rule of 150: https://www.businessinsider.com/renting-versus-buying-a-house-advice-math-rule-2019-9 28/36 Rule: https://www.investopedia.com/terms/t/twenty-eight-thirty-six-rule.asp —Follow Along- Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/- Read Money with Katie: https://moneywithkatie.com/Follow Money with Katie!- Instagram: https://www.instagram.com/moneywithkatie/- Twitter: https://twitter.com/moneywithkatie- TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew- Sign up for free today: https://bit.ly/morningbrewytFollow The Brew!- Instagram: https://www.instagram.com/morningbrew/- Twitter: https://twitter.com/MorningBrew- TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

According to an APA 2022 Stress in America Survey, 87% of respondents listed inflation as a source of significant stress—and the researchers say no other issue has caused this much stress since the survey's launch.Money anxiety or "financial fear" is common, and to an extent, it can be healthy. If fear about inflation and running out of money prevents you from blowing every dollar on fast casual dining, and instead urges you to save and invest for the future, that fear directly benefits Future You.But if fear prevents you from investing in the stock market because it feels too risky, well…now we’re letting misplaced, data-refuted concerns interfere with our ability to build wealth over time.Understanding your own deeply held beliefs and fears about money can help unlock your next-best step, and it’s not one-size-fits-all. We're joined by Mariel Beasley, Principal at the Center for Advanced Hindsight at Duke University and Co-Founder of the Common Cents Lab (https://advanced-hindsight.com/commoncents-lab/) to discuss financial psychology and what behaviors we can unlearn (or double down on) when it comes to money anxiety.—Mentioned in the Episode Download the free Money Management Routine resource: https://education.morningbrew.com/budget Farnoosh Torabi's So Money: https://podcasts.apple.com/us/podcast/1348-how-fear-can-drive-financial-excellence-with/id955939085?i=1000558577525 The importance of an abundance mindset: https://moneywithkatie.com/blog/shifting-your-money-mindset-from-scarcity-to-abundance "Risk is what you don't plan for": https://www.youtube.com/watch?v=LM-s_HxLzNY ChooseFI: https://www.choosefi.com/listen/choose-fi-podcast/ Why Hitting "Half FI" is More Like 75%: https://moneywithkatie.com/blog/why-hitting-half-fi-is-more-like-75 Financial resources mentioned: LISC, Digit, Qapital —Follow Along- Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/- Read Money with Katie: https://moneywithkatie.com/Follow Money with Katie!- Instagram: https://www.instagram.com/moneywithkatie/- Twitter: https://twitter.com/moneywithkatie- TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew- Sign up for free today: https://bit.ly/morningbrewytFollow The Brew!- Instagram: https://www.instagram.com/morningbrew/- Twitter: https://twitter.com/MorningBrew- TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week to kick off this two-part special, we explored the culture, economy, and education systems that built the millennial generation. If you haven't heard the first episode yet, I recommend going back to start with that first (https://link.chtbl.com/022a2-MX).Today, we’re digging into how “financial literacy” shifts reality on its axis, who the “winners” and “losers” are in our economic era, and why scamming has become a quintessential millennial pastime (Fyre Festival, anyone?). To top things off, we’ve got a super thought-provoking conversation with Gabe Dunn of Bad with Money fame (https://podcasts.apple.com/us/podcast/bad-with-money-with-gaby-dunn/id1144712710). It’s a veritable Magic School Bus ride through the wild terrain of 21st century America: Even the centimillionaire megachurch preachers and girlbosses squeezed into tiny seats and threw spitballs for a few stops.—Mentioned in the Episode Gabe Dunn's Stimulus Wreck: https://www.scribd.com/audiobook/576815715/Stimulus-Wreck-Rebuilding-After-a-Financial-Disaster?utm_source=money_with_katie&utm_medium=press&utm_campaign=gaby_dunn_originals_june&utm_content=podcast_interview Malcolm Harris's Kids These Days: https://www.littlebrown.com/titles/will-collyer/kids-these-days/9781478992332/ Study on financial literacy and retirement: https://sjes.springeropen.com/articles/10.1186/s41937-019-0027-5 UC Davis study on poverty: https://poverty.ucdavis.edu/policy-brief/transitions-out-poverty-united-states Money with Katie blog: The Paradox of Riches, Being Poor is Expensive: https://moneywithkatie.com/blog/the-paradox-of-riches-being-poor-is-expensive Pitchfork Economics' interview with the author of The Nordic Theory of Everything: https://podcasts.apple.com/us/podcast/capitalism-is-working-better-in-finland-with-anu/id1445901378?i=1000536840437 2020 Census data: https://www.census.gov/content/dam/Census/library/visualizations/2021/demo/p60-274/figure3.pdf The Money with Katie Show episode on financial independence: https://podcasts.apple.com/us/podcast/the-money-with-katie-show/id1589146097?i=1000551967021 Jacqui Shine of the Los Angeles Book Review: https://lareviewofbooks.org/article/wont-get-fooled-again-malcolm-harriss-kids-these-days-human-capital-and-the-making-of-millennials/ Jia Tolentino's Trick Mirror: Reflections on Self-Delusion: https://www.goodreads.com/en/book/show/43126457 Trick Mirror review by Miriam Francisco: https://www.michigandaily.com/arts/tolentino-refuses-simplicity-trick-mirror/ Graph on financial inequity in the US: https://realtimeinequality.org/?id=income&incomeend=03012022&incomefreq=monthly&incomegroups=Top%2010%25&incomegroups=Middle%2040%25&incomegroups=Bottom%2050%25&incomegroups=Total&incomestart=01011976&incometype=factor_income&incomeunit=Adults&incomey=growth CNBC feature on Jeff Bezos and the critique of billionaires: https://www.cnbc.com/2021/07/20/jeff-bezos-says-critics-of-the-rich-going-to-space-are-mostly-right.html The Financial Independence Planner: https://moneywithkatie.com/financial-independence-planner Forbes Advisor study on medical graduate debt: https://www.forbes.com/advisor/student-loans/average-medical-school-debt/ —Follow Along- Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/- Read Money with Katie: https://moneywithkatie.com/Follow Money with Katie!- Instagram: https://www.instagram.com/moneywithkatie/- Twitter: https://twitter.com/moneywithkatie- TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew- Sign up for free today: https://bit.ly/morningbrewytFollow The Brew!- Instagram: https://www.instagram.com/morningbrew/- Twitter: https://twitter.com/MorningBrew- TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

Market uncertainty is on everyone’s mind. Given rising interest rates, inflation, the crypto crash, and other economic trends (hello, recession?), host Alex Lieberman talks about what this current climate means in the long term for beginner and seasoned investors alike, with Fidelity's Jurrien Timmer.About Fresh Invest: From market shifts to emerging asset classes, Fresh Invest breaks down the current financial climate, what it means to you as an investor, and actionable steps you can take to manage your money and set yourself up for a solid financial future. Join Morning Brew co-founder and executive chairman Alex Lieberman on his weekly deep dive with Fidelity guests.Custom music by Davis Jones. --Subscribe to Morning Brew- Sign up for free today: https://bit.ly/morningbrewytFollow The Brew!- Instagram: https://www.instagram.com/morningbrew/- Twitter: https://twitter.com/MorningBrew- TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

Months ago, I received this reader question: “It feels like I’ve done everything right, and yet I can barely make ends meet. Has life always been this…hard?” This stuck with me for a long time. They weren't the first to ask this, or the second or third. And ultimately, this question became the focus of this special two-part series.Because when I first started writing about personal finance in 2018, I believed the rules of the game were fixed, simple, and universally applicable. I had the tonic that was going to make my generation rich, because I figured the things that worked for me would work for everyone.The perilous two years that followed—aka the pandemic—opened my eyes to just how complex life is in the 21st century, particularly for those coming of age in it—and this mini-series is my attempt at making sense of the world around us politically, economically, and culturally. (And yes, the financial implications at the collective and individual levels.) I'm also joined by Malcolm Harris, author of Kids These Days (https://www.littlebrown.com/titles/will-collyer/kids-these-days/9781478992332/), which I quote throughout the episode.Listen to part two here: https://link.chtbl.com/O11nOQjn.—Mentioned in the Episode Anne Helen Petersen's Budget Culture and the Dave Ramseyfication of Money: https://annehelen.substack.com/p/budget-culture-and-the-dave-ramseyfication?s=r Dēmos research in 2008: https://www.demos.org/research/economic-state-young-america Jacqui Shine of the Los Angeles Book Review: https://lareviewofbooks.org/article/wont-get-fooled-again-malcolm-harriss-kids-these-days-human-capital-and-the-making-of-millennials/ Richard Fry of the Pew Research Center: https://www.pewresearch.org/social-trends/2014/05/14/section-1-student-debt-and-overall-economic-well-being/ —Follow Along- Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/- Read Money with Katie: https://moneywithkatie.com/Follow Money with Katie!- Instagram: https://www.instagram.com/moneywithkatie/- Twitter: https://twitter.com/moneywithkatie- TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew- Sign up for free today: https://bit.ly/morningbrewytFollow The Brew!- Instagram: https://www.instagram.com/morningbrew/- Twitter: https://twitter.com/MorningBrew- TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices