Why Nobody Feels Financially Secure Anymore
Hello Monday with Jessi Hempel
4.7 • 1.1K Ratings
🗓️ 22 June 2026
⏱️ 28 minutes
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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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