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Hello Monday with Jessi Hempel

Why Nobody Feels Financially Secure Anymore

Hello Monday with Jessi Hempel

LinkedIn

Careers, Business

4.71.1K Ratings

🗓️ 22 June 2026

⏱️ 28 minutes

🧾️ Download transcript

Summary

“It’s not your fault.” This is the message Alissa Quart has spent over a decade trying to get people to believe when it comes to economic hardship. Right now, it feels harder than ever to embrace. Alissa Quart is the executive director of the Economic Hardship Reporting Project, the nonprofit Barbara Ehrenreich built after writing her groundbreaking exposé Nickel and Dimed. A journalist herself, Alissa is the author of seven books, including Squeezed: Why Our Families Can’t Afford America and Bootstrapped: Liberating Ourselves from the American Dream. She's spent over a decade reporting on class, caregiving, and economic precarity. In this episode, Jessi and Alissa discuss: Why "insecurity" is a more honest and unifying framework than "affordability," and how it builds solidarity across class lines The data behind it: 52% of US families are now financially insecure by one measure, and nearly half of workers lack confidence they could find a job they'd want "Apocalyptic insecurity": the new framework Alissa and economist Lynn Parramore developed to describe how employers use AI dread to manipulate workers The Frederick Taylor parallel: how AI is repeating the logic of scientific management, a century later "AI brain fry": the exhaustion of performing enthusiasm for AI at work while feeling something very different about it personally Why losing the narrative of generational progress is its own kind of psychological injury The AI dividend, universal basic income, and what a modern New Deal could look like Why naming the problem matters: how failing to recognize insecurity as systemic — rather than personal failure — can curdle into self-blame and even disordered coping What Alissa tells her own daughter about finding agency in an uncertain future Follow Alissa Quart and Jessi Hempel on LinkedIn.

Transcript

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0:00.0

The phrase the American Dream was coined in that period in 1931.

0:04.0

And it was not going to mean two cars and a house and a huge, huge income and a roaring stock market.

0:11.0

It was coined to describe a sort of American spirit, which included community and was supposed to lift all of us.

0:17.0

And it has been warped, like many of these terms, including things like pull yourself up by

0:21.5

your bootstraps, self-made man. They started out meaning one thing, and then they wound up

0:25.4

meaning something that was always in line with this rampant, individualistic, cash-obsessed

0:30.9

America.

0:34.7

From LinkedIn News, I'm Jesse Hempel and this is Hello Monday.

0:39.1

Now, if you've ever taken a journalism class, you probably remember reading a book called Nickel and Dined.

0:45.0

It was written by the investigative journalist Barbara Aaron Reich.

0:48.3

She went undercover and she worked in hotels and restaurants.

0:52.1

She cleaned people's apartments, all to show just

0:55.2

how impossible it was to get by on a minimum wage in America.

1:00.2

It was published in 2001 and it shaped a generation of journalists, including me.

1:06.2

Barbara went on to build a nonprofit called the Economic Hardship Reporting Project.

1:15.1

She worked closely with my guest today, Alyssa Quart, who runs it.

1:19.5

Its mission is to support journalists who are covering economic inequality.

1:24.8

And since its founding in 2012, it's backed hundreds of independent journalists doing this work.

1:29.1

Now, Alyssa is an incredible journalist herself. Her work addresses economics, class, caregiving, and inequality. She's the author of seven books,

1:35.2

including squeezed, Why Our Families Can't Affort America, and her most recent, bootstrapped,

1:41.3

Liberating Ourselves from the American dream.

1:49.5

I've known Alyssa for a very long time, and I invited her into the studio because there's this conversation I have been wanting to have with you all about the insecurity that feels so

...

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