Episode Description:

In this episode, we argue against the American cultural staple of indefinite optimism. There is now enough data to suggest that most working-age American’s financial forecast should include plans for a sudden job loss or significant disruption income.   Nobody likes to imagine the worst case scenario, but it may be the key to building financial resilience.  

We cover: 

• Income volatility and the probability working-age American’s income is likely to be disrupted
• The most vulnerable demographic groups for wage stagnation 
• What the ‘Two Income Trap’ is 
• How to practice pessimism in the short-term and the long-term