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Smart Start Money provides information on making smart money decisions. Providing tips, personal experiences, and opinions on saving smart and spending smart. Times have changed since getting a job and keeping the same place of employment for a lifetime. The average time spent with one employer is now three to five years. Companies are replacing workers with lean staff that previously held more people to accomplish the same tasks. This has resulted in periods of unemployment for many people making it challenging to save for retirement and stay debt-free. The rising costs of healthcare, consumer goods, and wages that often do not seem to keep pace with the cost of daily life make it more important than ever to make smart financial decisions. Millions of people struggle each day to get ahead. The intention of Smart Start Money is to not only provide insight into saving or spending but also open conversations. Discussions relating to the economy, employment, and even the occasional forbidden topic of politics are possible. If the subject matter has a correlation to helping people with their finances or questioning the so-called experts, it is open for dialogue. It has never been more important than ever to save and stay out of debt. No one has all the answers when it comes to personal finance. People come from all different backgrounds in life. The choices we make and the opportunities available are never identical. We can all learn from each other.
Episodes
Thursday Apr 23, 2020
The Income Gap Is Likely Going to Get Wider
Thursday Apr 23, 2020
Thursday Apr 23, 2020
The wealth gap in America is likely going to get a whole lot bigger.
The COVID-19 pandemic has disrupted lives socially, economically, and will forever change some families who experience lost loved ones. The lasting effects are going to likely remain for decades while future generations feel the impact of what not only America is experiencing, but the entire world. Before the Coronavirus, a growing gap between the wealthy and poor already existed. The separation between the rich and poor has increased substantially in the last 40 years.
The wealthy and powerful are better positioned for recovery from a pandemic and for this reason the income gap is about to get a whole lot wider.
This podcast episode talks about the income gap in America and how the Coronavirus with an economic shutdown is going to speed up the gap further between the rich and poor. There are solutions, but changes need to be made to ensure all of America has a future.
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