“Demographics are destiny” is a phrase we’ve all heard. And while the future of America isn’t a foregone conclusion, declining birth rates, rising inequality, and the dramatic increase of single-parent households are having a profound impact on our society, impacting the overall economy. With all of this in mind, another question is raised: how should we respond and what money choices should we be making now? To help answer this question, we’re joined by Melissa Kearney who is an economist known for her extensive research on social policy, poverty, inequality, and the economics of families and fertility. Melissa is author of the book, The Two-Parent Privilege, and she’s a professor of economics at Notre Dame. We discuss:
How pessimism about the economy often contrasts with individual financial well-being
Declining birth rates are a global concern with potential economic consequences
Marriage is not just a romantic arrangement, it has economic implications too
Immigration could be a solution to counteract declining birth rates
Declining birth rates could lead to challenges in social security systems
Investing strategies may need to adapt to demographic changes

 

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
Be sure to check out Melissa’s book, The Two-Parent Privilege!
Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here. 
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Find a thriving community of fellow money nerds by joining the HTM Facebook group!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

 

And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

Best friends out!

&ldquo;Demographics are destiny&rdquo; is a phrase we&rsquo;ve all heard. And while the future of America isn&rsquo;t a foregone conclusion, declining birth rates, rising inequality, and the dramatic increase of single-parent households are having a profound impact on our society, impacting the overall economy. With all of this in mind, another question is raised: how should we respond and what money choices should we be making now? To help answer this question, we&rsquo;re joined by Melissa Kearney who is an economist known for her extensive research on social policy, poverty, inequality, and the economics of families and fertility. Melissa is author of the book, The Two-Parent Privilege, and she&rsquo;s a professor of economics at Notre Dame. We discuss:
<ul>
<li aria-level="1">How pessimism about the economy often contrasts with individual financial well-being</li>
<li aria-level="1">Declining birth rates are a global concern with potential economic consequences</li>
<li aria-level="1">Marriage is not just a romantic arrangement, it has economic implications too</li>
<li aria-level="1">Immigration could be a solution to counteract declining birth rates</li>
<li aria-level="1">Declining birth rates could lead to challenges in social security systems</li>
<li aria-level="1">Investing strategies may need to adapt to demographic changes</li>
</ul>
&nbsp;
Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
<ul>
<li aria-level="1">Be sure to check out Melissa&rsquo;s book, <a href="https://amzn.to/4mH2ikO">The Two-Parent Privilege</a>!</li>
<li aria-level="1">Knowing your &lsquo;money gear&rsquo; is a crucial part of your personal finance journey. <a href="https://www.howtomoney.com/start-here/">Start here.</a>&nbsp;</li>
<li aria-level="1">Sign up for the weekly <a href="https://www.howtomoney.com/newsletter/">HTM newsletter</a>. It&rsquo;s fun, free, &amp; practical.</li>
<li aria-level="1">Find a thriving community of fellow money nerds by joining the <a href="https://www.facebook.com/groups/1623670287732189">HTM Facebook group!</a></li>
<li aria-level="1">Massively reduce your <a href="https://www.howtomoney.com/choosing-the-best-cheap-cell-phone-plan/">cell phone bill</a> each month by switching to a discount provider like Mint Mobile.</li>
</ul>
&nbsp;
And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you&rsquo;re not already a regular listener, and <a href="https://podcasts.apple.com/us/podcast/how-to-money/id1337718773?mt=2">give us a quick review in Apple Podcasts</a> or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
&nbsp;
Best friends out!

Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living a rich life.

How to Money

The Demographic Dilemma and Your Dollars w/ Melissa Kearney #1046

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a9df0e66-be8b-4c67-822d-b36800f68fb2/transcript

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