Why It Feels Like You Never Have Enough Money

WHY IT FEELS LIKE YOU NEVER HAVE ENOUGH MONEY (and, no, it's not the lattes). Wages have been stagnant for the last 40 years so you aren't losing it if it feels like your income isn't getting you as far as it feels like it should. I break down why it feels like you never have enough, and share some tips on how to look at your spending and make sure you are using your money intentionally.
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The information and content provided by Lindsay Bryan-Podvin LMSW, LLC/Mind Money Balance is for entertainment and informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. No one should make any investment changes without first consulting his or her financial advisor and conducting his or her research and due diligence. To the maximum extent permitted by law, Lindsay Bryan-Podvin LMSW, LLC/Mind Money Balance disclaims any and all liability in the event any information, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.
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🤓 References
Charts About Wages
www.epi.org/pu...
Time Confetti
behavioralscie...
Why Americans Work So Much
www.theatlanti...
It Costs $310k to Raise A Child In America
thehill.com/po...
Chapters
0:00 Feels Like Money Disappearing?
0:45 Reason: Inflation
2:40 Reason: Pandemic
4:45 Reason: Stagnating Wages
6:29 Reason: Poor Social Safety Net
10:42 Reason: Lifestyle Inflation
11:20 Reason: Comparison

[@johnouellet4099]

Exactly what I feel like, doubled my income in 5 years, but still have the same purchase power I had 5 years ago, or worse…

[@MindMoneyBalance]

Ugh, I'm so sorry to hear that! Hope the couple of tips I shared at the end help a little.

[@ItsHilinsDiary]

wow that sounds terrible, how have you compared your purchasing power from 5 years before to now?

[@MindMoneyBalance]

@@ItsHilinsDiary In the US, you can use the inflation calculator to get a sense of how much purchasing power your dollars have. For example, $100k in 2018 equals $121k in 2023. An item purchased in 2018 that cost $500 would cost $607 to buy in 2023. Here's the calculator: www.usinflationcalculator.com/

[@326natallen]

if this aint me... thank you again lindsay!