859: Jonathan Walker, Executive Director of Elevate's Center for the New Middle Class

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 13 March 2019

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

One of the most financially fragile demographics in this country is women who have none prime credit scores. They are a part of the new middle class and these are women who experience challenges unlike many other parts of the population because they are often mothers, caretakers to elderly relatives, and the people in charge of their households. Their financial wellness matters to many people in their families and in their communities. We’re tackling this important topic today and our guest is spearheading research to better understand and help these women and all members of the new middle class. Jonathan Walker is the Executive Director of Elevate's Center for the New Middle Class. There he conducts research to better understand the behaviors, the attitudes and challenges of America’s growing “new middle class”. We discuss what is the new middle class, what are the specific challenges that they have, and how is the new middle class forming and shaping our country’s economics. Follow Elevate’s Center for the New Middle Class on Twitter @NewMidClass and learn more here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 859, Jonathan Walker, executive director of Elevates Center for the new middle class.
0:07.0	You're listening to So Money with award-winning money guru Farnu
0:12.8	Tharabi each day get a 30 minute dose of
0:15.8	financial inspiration from the world's top business minds,
0:19.0	authors, influencers, and from Farnus herself.
0:27.0	Looking for ways to save on gas or double your double coupons? Sorry, you're in the wrong place.
0:29.0	Seeking profound ways to live a richer, happier life.
0:32.0	Welcome to So Money. ways to live a richer, happier life.
0:32.6	Welcome to So Money.
0:36.0	Too often, we turn it into a blame game.
0:39.2	You know, if you just get control your finances,
0:41.5	if you just live within your means and one of the things
0:44.3	that we have identified as the more of the we study and the more people that I
0:49.0	talk to is that sometimes it's not about living within your means.
0:53.2	Sometimes it's about your life breaking your means.
0:58.9	You know, one of the most financially fragile demographics
1:02.0	in this country is women who have non-prime credit
1:06.5	scores. They are a part of the new middle class and these are women who
1:12.4	experience challenges unlike many other
1:14.9	parts of the population because they are often mothers, they're caretakers to
1:19.5	elderly relatives and they're the people in charge of their households and their
1:24.2	financial wellness matters to many people in their families and in their
	...

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