Why Everyone Is Drowning In Debt (and how to get out) – Caleb Hammer

Caleb Hammer is a personal finance YouTuber.

Are we in a financial crisis or spending our way into one? Rising prices, growing debt, and shrinking savings are putting every generation under pressure. But what’s really to blame? A broken economy, bad money habits, or both? The answer could determine whether we’re headed for disaster, or still have time to turn things around.

Expect to learn if it is actually harder to make and manage money than ever before, what the hidden costs of bankruptcy are that nobody wants to talk about, why Gen Z is in more debt than any other generation, if most financial problems are psychological in nature, if lifestyle inflation has become a bigger problem than inflation itself, what the biggest financial red flags are when dating and much more…

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0:00 Does Caleb Really Get Death Threats?
5:44 Does Gen Z Actually Have It Harder Financially?
18:03 The Hidden Costs of Bankruptcy
21:04 Why People Fall Into Debt
24:14 The Personality Traits Behind Financial Success
25:37 How Debt Impacts Your Identity
27:29 The Trap of Lifestyle Inflation
36:15 The Best Way to Handle Anxious Guests
39:23 Knowledge vs Discomfort: What Makes the Biggest Impact?
44:26 Why Behaviour Is the Real Fix for Money Problems
49:25 What Financial Milestone Makes People Happiest?
52:14 UK vs US: Who’s Better Off Financially?
01:07:37 What Real Financial Education Should Look Like
01:16:39 The Dangerous Consequences of the Gender Wars
01:21:32 The Economic Risks of a Declining Population
01:26:38 Should a Trillionaire Exist?
01:31:37 The Biggest Financial Red Flags in Dating
01:34:19 How Money Problems End Relationships
01:36:53 How Mental Health Shapes Spending Habits
01:40:19 The Dumb Purchases That Make People Broke
01:42:40 How Damaging is Financial Over-Optimisation?
01:44:56 Is Property Still a Smart Investment?
01:53:43 Is Raising Kids Cheaper Than You Think?
01:55:53 Where to Find Caleb

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