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Thanks to our good friends at Monarch for sponsoring this video! Get 50% off Monarch's Core Plan with code TFD50: https://bit.ly/KPV42226
Cost of living, wages, and wealth inequality are more connected than we tend to admit. In this video, friend of TFD, Kara Perez, breaks down why so many people feel like they’re falling behind financially — even if the economy says otherwise —exploring how money increasingly flows to capital over labor, what a K-shaped economy means in real life, and how decades of policy decisions have shaped the financial reality many Americans are facing today.
OTHER FINANCIAL PRODUCTS WE PERSONALLY RECOMMEND:
Financial Advisory - Advisor.com: https://bit.ly/4mI0yta
Investing - Betterment: https://bit.ly/3OejinG
Kara is the founder of Kara Explores Money & author of Money For Change. Find more from Kara here:
-Follow her here: https://www.instagram.com/karaexploresmoney/
-You can purchase Kara's book, Money For Change, here: https://bookshop.org/p/books/money-for-change-how-to-reduce-waste-build-wealth-and-create-a-better-future-for-all-kara-perez/67361feb311f3e8b
SOURCE LINKS:
https://www.newyorkfed.org/microeconomics/hhdc/background.html
https://apps.urban.org/features/wealth-inequality-charts/
https://en.wikipedia.org/wiki/Capital_gains_tax
https://en.wikipedia.org/wiki/Tax_Reform_Act_of_1986
https://en.wikipedia.org/wiki/Personal_income_tax
https://finance.yahoo.com/news/top-10-earners-drive-nearly-191500198.html
https://home.treasury.gov/news/featured-stories/rent-house-prices-and-demographics
https://www.investopedia.com/what-s-the-difference-between-pension-and-401k-and-why-are-companies-moving-away-from-pensions-11707094
https://en.wikipedia.org/wiki/Professional_Air_Traffic_Controllers_Organization_(1968)
https://en.wikipedia.org/wiki/Ronald_Reagan
https://en.wikipedia.org/wiki/Federal_Aviation_Administration
https://www.pbs.org/newshour/health/health-subsidies-expire-launching-millions-of-americans-into-2026-with-steep-insurance-hikes
https://www.healthsystemtracker.org/chart-collection/u-s-spending-healthcare-changed-time/#Total%20national%20health%20expenditures,%20US%20$%20per%20capita,%201970-2024
https://electrek.co/2026/01/23/tesla-cuts-standard-autopilot-paywalls-basic-safety-feature-behind-fsd-subscription/
https://www.sanders.senate.gov/press-releases/news-sanders-and-khanna-introduce-legislation-to-tax-billionaire-wealth-and-invest-in-working-families/
https://www.epi.org/publication/workers-resolve-drives-increase-in-unionization-in-2025/
https://www.epi.org/press/union-membership-rose-in-2025-including-among-federal-workers/
Cost of living, wages, and wealth inequality are more connected than we tend to admit. In this video, friend of TFD, Kara Perez, breaks down why so many people feel like they’re falling behind financially — even if the economy says otherwise —exploring how money increasingly flows to capital over labor, what a K-shaped economy means in real life, and how decades of policy decisions have shaped the financial reality many Americans are facing today.
OTHER FINANCIAL PRODUCTS WE PERSONALLY RECOMMEND:
Financial Advisory - Advisor.com: https://bit.ly/4mI0yta
Investing - Betterment: https://bit.ly/3OejinG
Kara is the founder of Kara Explores Money & author of Money For Change. Find more from Kara here:
-Follow her here: https://www.instagram.com/karaexploresmoney/
-You can purchase Kara's book, Money For Change, here: https://bookshop.org/p/books/money-for-change-how-to-reduce-waste-build-wealth-and-create-a-better-future-for-all-kara-perez/67361feb311f3e8b
SOURCE LINKS:
https://www.newyorkfed.org/microeconomics/hhdc/background.html
https://apps.urban.org/features/wealth-inequality-charts/
https://en.wikipedia.org/wiki/Capital_gains_tax
https://en.wikipedia.org/wiki/Tax_Reform_Act_of_1986
https://en.wikipedia.org/wiki/Personal_income_tax
https://finance.yahoo.com/news/top-10-earners-drive-nearly-191500198.html
https://home.treasury.gov/news/featured-stories/rent-house-prices-and-demographics
https://www.investopedia.com/what-s-the-difference-between-pension-and-401k-and-why-are-companies-moving-away-from-pensions-11707094
https://en.wikipedia.org/wiki/Professional_Air_Traffic_Controllers_Organization_(1968)
https://en.wikipedia.org/wiki/Ronald_Reagan
https://en.wikipedia.org/wiki/Federal_Aviation_Administration
https://www.pbs.org/newshour/health/health-subsidies-expire-launching-millions-of-americans-into-2026-with-steep-insurance-hikes
https://www.healthsystemtracker.org/chart-collection/u-s-spending-healthcare-changed-time/#Total%20national%20health%20expenditures,%20US%20$%20per%20capita,%201970-2024
https://electrek.co/2026/01/23/tesla-cuts-standard-autopilot-paywalls-basic-safety-feature-behind-fsd-subscription/
https://www.sanders.senate.gov/press-releases/news-sanders-and-khanna-introduce-legislation-to-tax-billionaire-wealth-and-invest-in-working-families/
https://www.epi.org/publication/workers-resolve-drives-increase-in-unionization-in-2025/
https://www.epi.org/press/union-membership-rose-in-2025-including-among-federal-workers/
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