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A Thousand Natural Shocks With Gabe S. Dunn

Living on $2 a Day (w/ Kathryn Edin)

A Thousand Natural Shocks With Gabe S. Dunn

Gabe Dunn | Diamond MPrint Productions

History, Education, News, News Commentary, Society & Culture, Self-improvement, Personal Journals

4.52.6K Ratings

🗓️ 26 June 2019

⏱️ 47 minutes

🧾️ Download transcript

Summary

Could you get by in the USA on $2 a day? Millions of people in the US are living that reality today. Gaby talks with Princeton University poverty researcher Kathryn Edin, co-author of $2 a Day: The Art of Living on Virtually Nothing in America. They discuss the end of cash welfare, debunking poverty myths, and what people are doing to survive. This episode is sponsored by Care/Of. For 25% off your first Care/of order, go to TakeCareOf.com and enter promo code MONEY Learn more about your ad choices. Visit podcastchoices.com/adchoices Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0

You guys, problems that you either can serve with, blah, you don't know how you're supposed to earn it or what to do with it or how to keep it.

0:08.0

You're a freak with a dark shame, oh secret, but you're not the only one.

0:13.0

Teach your head and find your fears to the best of sun.

0:16.0

Now your feeling has begun. It's bad with money with Gabby.

0:21.0

Done.

0:22.0

Hi, deadbeats. It's I, Gabby Dunn. And this is bad with money.

0:28.0

If wealth is health, as they say, then the opposite is absolutely true.

0:33.0

Poverty is sickness. Consider this.

0:36.0

There was a study that just came out where researchers make the case that raising the minimum wage by 10% would literally lower the suicide rate.

0:45.0

And I fucking believe it.

0:47.0

From personal experience and from everything I've ever read about the effects of poverty on people's mental health.

0:54.0

The kind of basic struggle for survival that the media portrays as only an issue in poor countries is a reality for millions of people right here in the United States.

1:04.0

And a lot of what we do to combat it is tone deaf as hell.

1:08.0

Remember the last sociology professor I interviewed on this show who's writing blew my mind.

1:12.0

Rachel Sherman of the new school for social research spent time interviewing New Yorkers so rich they couldn't even tell you what they spent on their $25,000 a month amx bill.

1:22.0

My guest this week works on the complete opposite end of the spectrum. Princeton University professor Catherine Eden is the co-author of $2 a day living on almost nothing in America.

1:32.0

It's one of my favorite books about money of all time. Maybe one of my favorite books of all time, which is going to sound weird when we get into how depressing the information in it is.

1:41.0

I was riveted reading it.

1:44.0

For her research Catherine spoke to people in America living on that $2 a day from the title.

1:49.0

And you know how many there are living on $2 fucking a day?

1:53.0

1.3 million American households including 3 million children. That is outrageous.

2:01.0

Catherine has spent decades interviewing people who exist in the harshest conditions of extreme poverty.

...

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