Trapped in the Low Wage Cycle: A Shot at Building a Better Life
Trapped in the Low Wage Cycle: A Shot at Building a Better Life  
Podcast: The Money with Katie Show
Published On: Wed May 10 2023
Description: I’m so proud of the work the team did to develop and produce this episode. Typical personal finance advice works particularly well for people in a certain position (with good salaries, education, or inheritances), but it’s mostly useless if you’re not earning enough to make ends meet. To make matters more complex, the way some government assistance programs currently work can paradoxically make it harder to get ahead in the long term.Learn more about our sponsor, Vin Social: https://www.vinsocial.vipLearn more about our sponsor, Fidelity: https://fidelity.com/stocksbythesliceLearn more about The CFA Institute: https://www.cfainstitute.org/en/programs/cfaTranscripts can be found at podcast.moneywithkatie.com.—Mentioned in the EpisodeOxfam America Study on the Low-Wage Workforce: https://www.brookings.edu/research/meet-the-low-wage-workforce/Women’s workforce participation: https://www.brookings.edu/wp-content/uploads/2022/03/SP22_BPEA_Goldin_conf-draft.pdf97% of US Child Care workers are women: https://finance.yahoo.com/news/child-care-challenges-women-workforce-131402101.htmlCenter for American Progress on Childcare Deserts: https://childcaredeserts.org/2018/Video Clip from Netflix series Maid: https://youtu.be/vM30cS-NZZUJulie’s Family Learning Program: https://www.juliesfamily.org/our-founding-history/Multnomah County Preschool for All Program: https://www.multco.us/finance/multnomah-county-preschool-all-personal-income-tax#The Oregonian on the importance of attending pre kindergarten: https://www.oregonlive.com/education/2022/12/free-preschool-delayed-for-thousands-of-oregon-children-due-in-part-to-staffing-shortages.htmlFull Department of Treasury Report on Childcare: https://home.treasury.gov/system/files/136/The-Economics-of-Childcare-Supply-09-14-final.pdf—Follow Along at Money with Katie: https://moneywithkatie.com/Watch on YouTube: https://www.youtube.com/@MoneywithKatieFollow Money with Katie!- Instagram: https://www.instagram.com/moneywithkatie/- Twitter: https://twitter.com/moneywithkatie Subscribe to The Money with Katie Newsletter- Sign up for free today: https://www.morningbrew.com/money-with-katie/subscribe/2Follow the Brew!- Instagram: https://www.instagram.com/morningbrew/- Twitter: https://twitter.com/MorningBrew- TikTok: https://www.tiktok.com/@morningbrewLearn more about your ad choices. Visit megaphone.fm/adchoices This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.katiegattitassin.com