Is Credit to Blame for Our Financial Complacency?

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 15 July 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this week's Rich Girl Roundup, Rich Girl Carolynn responds to our most recent full episode on cognitive dissonance asking if access to large amounts of credit is inadvertently keeping everyone complacent, rather than fighting against wealth inequality. We dig into this potential response as well as other reasons Americans feel powerless in our economic circumstances today. Rich Girl Roundup is Money with Katie's weekly segment where Katie and her Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. Transcript, show resources, production credits, and more can be found at: https://moneywithkatie.com/inequality. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rich Girl Random.
0:02.0	Random
0:04.0	There was an article I read the other day called The Case for Socialized Ownership.
0:08.0	And it...
0:09.0	Oh, she said socialism.
0:10.0	Uh-oh.
0:11.0	Uh-oh.
0:12.0	Right, get out the red scare banners.
0:15.0	Here we go.
0:17.0	Government is not the solution to our problem.
0:21.0	Government is the problem.
0:23.6	Welcome back,
0:26.2	Rich Girls and Boys, to the Rich Girl Roundup weekly discussion of the Money with Katie's
0:30.4	show.
0:31.0	As always, I'm your host, Katie Gaddy Tossan.
0:33.7	And every Monday morning, my executive producer, Henna and I, are going to use this segment
0:37.2	to talk through listener questions, interesting money stories in the news, feedback, casual financial topics, you get the picture.
0:47.8	Right after a quick break. Summer is officially here and it's time to elevate those sunny days and breezy nights.
1:01.1	So picture this, you're lounging by the pool, soaking up the sun, sipping on a wildberry, or maybe even a lime,
1:09.8	THC seltzer from ounce of hope. This 5 milligram THC option delivers a light buzz with zero alcohol involved.
1:19.4	In other words, there is no hangover. Sounds like a great option.
1:22.9	If you're like me, you don't consume alcohol,
	...

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