Forget Retiring, Barely Surviving

The Dr. Phil Podcast

Dr. Phil McGraw

Mental Health, Self-improvement, Society & Culture, Education, Health & Fitness

4.4 • 13.2K Ratings

🗓️ 14 January 2025

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Meet guests, who claim their paychecks are barely enough to survive in today’s economy, plus adults in their 70s who cannot afford to stop working.

Dr. Phil is speaking with guests, who, despite being fully employed, claim their paychecks are barely enough to survive in today’s economy. Dr. Phil will speak with Jordan and his wife Latisha, who claim despite both working full time as teachers, they can barely afford the necessities to survive for themselves and their children, including not being able to afford healthcare. Plus, Dr. Phil speaks with Betty, who, at 75 years old, says she is feeling hopeless, and physically exhausted because she cannot afford to stop working. Dr. Phil will also speak with Gay and her husband, Don, who claim they have been thrust back into the workforce in their 70s.

Transcript

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0:00.0	And we're still living on the poverty borderline.
0:03.0	61% of the people in America say they're living paycheck to paycheck.
0:07.0	Our daughter doesn't even have healthcare.
0:09.0	Miss, never thought I would be living this life.
0:12.0	We're paying people not to work.
0:14.0	These guys are working four jobs, making $1,000 more than these people who aren't working at all.
0:20.0	It's honestly a slap in the face.
0:22.1	Is it just me?
0:23.1	Or is the system turned on its head?
0:25.6	You know, I believe America at its core was founded on the principles of meritocracy,
0:40.3	a merit-based system where those who work hard, have talent, and add value are rewarded.
0:48.3	And those who don't, well, they aren't. Simple. Value in, value out. But after 200 plus years, that common sense
1:01.9	system, it's under attack at almost every turn in our society. These days, instead of celebrating
1:08.0	skill and talent, we're focusing on a whole lot of other things.
1:12.9	We're focusing on not offering a hand-up as opposed to a hand-out.
1:19.5	And as a nation, drowning in debt, we instead are rewarding people who choose not to work.
1:26.9	I'm not talking about people who can't work.
1:29.8	I'm talking about people who just choose not to work.
1:33.7	And I suppose maybe at some level you could say,
1:37.5	well, I guess that's okay if you can afford it,
1:40.1	but we can't afford it.
1:42.8	So what do you do when you don't have the money
	...

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