Money Stress in America: Breaking Down Financial Anxiety


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Jan 14 2025 72 mins   6

In this episode of The Higher Standard, Chris and Saied tackle the growing emotional toll of money management and the chaos of California’s insurance market. Against the backdrop of the devastating Los Angeles fires, they unpack how insurers are fleeing high-risk areas, leaving homeowners with overpriced, bare-bones policies like the California Fair Plan. With homes underinsured and rebuilding costs skyrocketing, the financial stress for affected residents is a wildfire of its own.

➡️ But it’s not all doom and gloom! Chris and Saied bring their signature wit to dissect the psychology of money stress, sharing practical strategies to stop freaking out about your finances and start taking control. From reevaluating your beliefs about money to understanding how your childhood shaped your spending habits, they keep it real and relatable. Whether you're overwhelmed by rising costs or just tired of flex culture on social media, this episode offers a roadmap to finding clarity and a little peace of mind.

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🔗 Resources:

California Was Already in Home-Insurance Crisis Before Los Angeles Infernos (Wall Street Journal)

California Reverse Jim Cramer (Not Jerome Powell via X)

Fed's Bowman said December rate cut was 'last step' in 'policy recalibration' (Yahoo! Finance)

Unemployment is above its 36-month moving average (Bravos Research via X)

December jobs report shows unemployment fell to 4.1% (Yahoo! Finance)

The Stress Less Guide To Managing Money (Men's Health)

Classic Money Scripts (Your Mental Wealth Advisors)

⚠️ Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.