Why Americans Earning $500K a Year Still Feel Broke

Prof G Markets

Prof G Media & Vox Media

Investing, Entrepreneurship, Business

4.3 • 1.4K Ratings

🗓️ 6 May 2026

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ed Elson brings on Ramit Sethi and Ben Carlson to dig into a striking Goldman Sachs finding: 40% of households earning over $500K say they're living paycheck to paycheck. They debate what the stat reveals about American financial anxiety and lifestyle inflation, why housing is the real crisis, and what it actually takes to feel financially secure. Ramit Sethi is the Host of Netflix’s “How to Get Rich,” bestselling author, & host of the Money For Couples podcast. Ben Carlson is the Director of Institutional Asset Management at Ritholtz Wealth and author of the forthcoming book, “Risk & Reward”. Get your tickets to the Prof G Markets tour Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Support for this show comes from Odu.
0:03.0	Running a business is hard enough, so why make it harder with a dozen different apps that don't talk to each other?
0:09.7	Introducing Odu, it's the only business software you'll ever need.
0:13.9	It's an all-in-one fully integrated platform that makes your work easier, CRM, accounting, inventory, e-commerce, and more.
0:22.1	And the best part, O-DU replaces multiple expensive platforms for a fraction of the cost.
0:27.8	That's why over thousands of businesses have made the switch.
0:31.1	So why not you?
0:32.4	Try O-D-O-4-free at O-D-O-O-O-O-O-com.
0:41.0	Support for this show comes from O-D-U.
0:43.9	Running a business is hard enough, so why make it harder with a dozen different apps that don't
0:49.2	talk to each other?
0:50.6	Introducing O-Doo.
0:52.0	It's the only business software you'll ever need. It's an all-in-one fully integrated
0:56.7	platform that makes your work easier, CRM, accounting, inventory, e-commerce, and more. And the best part,
1:04.1	O-DU replaces multiple expensive platforms for a fraction of the cost. That's why over thousands of
1:10.2	businesses have made the switch.
1:12.0	So why not you?
1:13.3	Try Odu for free at Odu.com.
1:16.3	That's ODOO.com.
1:22.3	Some follow the noise.
1:24.7	Bloomberg follows the money,
1:26.5	whether it's the funds fueling AI or crypto's
	...

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