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View count:2,115
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Duration:55:04
Uploaded:2025-07-29
Last sync:2025-07-29 17:15
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In our July video essay, Chelsea dives into American debt culture, and how our economy makes it easier to pretend to be rich than to actually build wealth.

Special thanks to Amanda Holden: https://www.instagram.com/dumpster.doggy

SOURCE LINKS:

https://thepointsguy.com/credit-cards/history-of-credit-cards/

https://www.ecspayments.com/emv-chip-vs-magnetic-stripe/

https://www.investopedia.com/terms/d/discover-card.asp

https://www.nytimes.com/2025/06/02/business/buy-now-pay-later-groceries.html

https://www.forbes.com/sites/traversmark/2025/05/22/the-buy-now-pay-later-trap-explained-by-a-psychologist/

https://www.investopedia.com/terms/s/subprime-meltdown.asp

https://www.ipsos.com/en-us/majority-americans-value-their-credit-card-rewards

https://www.bankrate.com/credit-cards/travel/how-to-start-travel-hacking/

https://finance.yahoo.com/news/gen-z-most-notable-status-100000740.html

https://erewhon.com/membership

https://www.fool.com/money/research/credit-card-company-earnings/

https://www.theguardian.com/global/2021/aug/22/how-digital-media-turned-us-all-into-dopamine-addicts-and-what-we-can-do-to-break-the-cycle

https://www.forbes.com/sites/traversmark/2025/05/22/the-buy-now-pay-later-trap-explained-by-a-psychologist/

https://www.pgpf.org/article/how-does-the-us-healthcare-system-compare-to-other-countries/

https://www.healthsystemtracker.org/chart-collection/u-s-life-expectancy-compare-countries/

https://www.axios.com/2024/03/20/world-happiness-america-low-list-countries

https://worldpopulationreview.com/country-rankings/minimum-wage-by-country

00:00 Intro
03:15 Ad break
10:58 The evolution of credit
18:45 The epidemic of invisible debt
30:16 Credit card points and the meaningless of status
40:40 How we all got addicted to dopamine
47:36 The myth of American abundance

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