Why It Feels Like You’ll Never Catch Up

The Financial Diet

Thanks to Betterment for sponsoring this video! Get started, be invested, Sign up in minutes: https://www.betterment.com/influencer/the-financial-diet?utm_campaign=INF&utm_medium=paid_social&utm_source=Instagram&utm_content=tfdinvesting Thanks to Advisor.com for sponsoring this episode! Schedule a FREE consultation call with Advisor today and never make another financial decision alone! Get $500 off your first year with them by signing up through TFD. Take this short quiz to get started: https://partners.thefinancialdiet.com Welcome to this month's ad-free video essay exclusively for our Society at TFD members! This month, Chelsea dives into America's pervasive culture of scarcity, and just how much capitalism thrives on you feeling like you'll never have enough. Special thanks to: Aja Evans: https://ajaevanscounseling.com/ https://www.penguinrandomhouse.com/books/759700/feel-good-finance-by-aja-evans/ Esther Source links: https://health.clevelandclinic.org/scarcity-mindset https://blog.hubspot.com/marketing/the-scarcity-principle https://www.vox.com/2016/5/5/11578994/income-friends-family https://capitaloneshopping.com/research/free-shipping-statistics/ https://www.investopedia.com/terms/v/veblen-good.asp https://thrivingcenterofpsych.com/blog/why-do-humans-compare-themselves-to-others-and-how-to-stop/ https://www.calculator.net/401k-calculator.html https://www.statista.com/topics/10423/anti-aging https://www.vox.com/the-goods/2022/7/28/23219258/anti-aging-cream-expensive-scam https://hbr.org/2010/05/the-productivity-myth-2 https://www.cnbc.com/2023/06/28/hustle-culture-isnt-dead-it-just-got-a-gen-z-rebrand.html https://www.psychologytoday.com/us/blog/reaching-across-the-divide/202105/thinking-through-perceived-scarcity https://www.newsweek.com/ocasio-cortez-rejects-scarcity-mindset-gop-attacks-student-debt-relief-1737578 https://www.citizen.org/news/fact-check-medicare-for-all-would-save-the-u-s-trillions-public-option-would-leave-millions-uninsured-not-garner-savings/ https://www.vox.com/politics/351535/3-theories-for-americas-anti-immigrant-shift https://www.americanimmigrationcouncil.org/news/new-data-immigrants-driving-prosperity-in-united-states-2022 00:00 Intro 03:00 Ad break 08:00 The finances of feeling scarce 22:16 The comparison-to-overconsumption pipeline 30:20 Youth: the ultimate luxury product 38:15 Scarcity and hustle culture 46:58 How scarcity gets votes 57:04 Conclusion Join this channel to get access to perks: https://www.youtube.com/channel/UCSPYNpQ2fHv9HJ-q6MIMaPw/join The Financial Diet site: http://www.thefinancialdiet.com Facebook: https://www.facebook.com/thefinancialdiet Twitter: https://twitter.com/TFDiet Instagram: https://www.instagram.com/thefinancialdiet/?hl=en