Luxury Poverty is Destroying Us

Go to https://growtherapy.co/caranicole or scan the QR code to get started with therapy that fits you! Thanks to Grow Therapy for sponsoring today’s video! Right now, we are in the age of luxury poverty. We can afford more “luxuries” than ever — new phones, trendy clothes, even cheap flights — but the essentials of life, like housing and healthcare, have never been further out of reach. In this video, I break down how we got here, why so many people are struggling beneath the surface, and how this era of fake wealth mirrors the dystopian worlds of cyberpunk fiction. ✏️ Check out my new newsletter, The Pop Finance Report: https://thepopfinancereport.substack.... !! Making money make sense—through media and pop culture. 🔍 Resources mentioned: https://www.theguardian.com/society/2... https://www.theguardian.com/society/2... https://www.commonwealthfund.org/publ... portion of income to rent: https://themortgagepoint.com/2024/08/... Forbes portion of income to rent: https://www.forbes.com/sites/eriksher... old budget records: https://babel.hathitrust.org/cgi/pt?i... who traveled by air back in the day: https://airandspace.si.edu/explore/st... spending on apparel: https://www.lendingtree.com/credit-ca... healthcare spending in households: https://www.rand.org/news/press/2020/... nonessential spending rates: https://finance.yahoo.com/news/nearly... home prices outpacing paychecks: https://www.npr.org/2024/06/20/nx-s1-... healthcare 1/5 of economy: https://www.pgpf.org/article/healthca... 📷 My New Content Instagram:   / thefinancialfreedomgirl   📷 My Personal Instagram:   / mscaranicole_   📷 My TikTok:   / thefinancialfreedomgirl   My Patreon:   / caranicole   💌 Want to support the channel? Here are a few ways! ☕ Buy me a coffee: https://www.buymeacoffee.com/cara.nicole 🥂 Join my Patreon:   / caranicole   📊 Budgeting spreadsheets & digital tools: https://www.etsy.com/shop/FinancialFr... 📨 Subscribe to my newsletter: https://thepopfinancereport.substack.... 🎥 Check out some of my other videos! 🎥 Why We Can't Afford Anything Anymore:    • Why You Can't Afford Fun Anymore   We Need To Talk About The Student Debt Crisis:    • How Student Debt Keeps Americans Poor   The BNPL Bubble Is About To Pop:    • The "Buy Now Pay Later" Bubble Is About to...   ⏰ Time Stamps: 0:00 luxury poverty is here 1:26 Grow Therapy 2:43 this wasn't always normal 7:42 we're tempted constantly 10:35 luxury poverty is destructive 📊 Keywords for some sweet, sweet metadata: money, rich people tiktok, billionaire lifestyle, cost of living crisis, money and culture, video essay, social media comparison trap, financial commentary, pop culture money, fake wealth, luxury poverty, broke, rich, social media, financial freedom, housing crisis, home ownership, planned obsolescence, healthcare, cara nicole #videoessay #luxurypoverty #personalfinance