More than a third of Americans now say they are in the highest personal debt of their

lives.

Credit card debt, auto and student loans and persistently high inflation are all weighing

on consumers, especially millennials in Gen Z. Among older Americans, the average retirement

savings account totaled just $65,000 in 2019. That's much less than needed to enter the golden

years.

Our guest today says Americans are learning all the wrong things about money, income and

investing.

I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's September 3rd, and

this is a Sunday edition of Morning Wire.

Joining us to discuss the struggles with growing wealth in today's economy and some strategies

for doing so is Steve Davis, the CEO of Total Wealth Academy. Steve, thanks so much for

coming on.

Oh, my pleasure. Thanks for having me.

So it's clear that Americans are struggling financially. The majority are now saying

they're living paycheck to paycheck. First off, why do you think that's happening and

is this a new phenomenon? If so, what's causing it?

It's actually been going on for decades. It's been going on generation after generation,

and it's because we're passing on what I'll call the wrong map. We're all given a map

to get to success. First from our parents, then from our high school teachers, then our

college professors, and the map goes something like this. Work real hard in high school, try

to get the college, go to college, get a degree, get out, get a job with a major corporation

...