Self-Care Culture is Making Us Broke, with Chelsea Fagan
Self-Care Culture is Making Us Broke, with Chelsea Fagan  
Podcast: The Money with Katie Show
Published On: Wed Dec 07 2022
Description: It was only a matter of time before The Money with Katie Show tackled the Goopification of wellness (even “wellness” seems like a term that’s been co-opted in the last decade). In the US, this industry is worth $212 billion—and growing 11% annually. People be spendin’ some money.What if commercialized self-care is really just a millennial pink Band-aid for the problems endemic to our hyperspeed lives? Are we trapped in a cycle of deadlines and bath bombs and existential dread? (Just me?)This week’s episode explores the commodified self-care industrial complex and how it’s awfully reminiscent of other industries marketed specifically toward women, but with the purported benefit of being ~good for you~. Learn more about our sponsor, Vin Social: http://vinsocialvip.com/.Transcripts can be found at https://www.podpage.com/money-with-katie-show/.—Mentioned in the EpisodeHigh-maintenance spending habits: https://moneywithkatie.com/blog/high-maintenance-is-expensive-how-i-went-from-a-320mo-girly-budget-to-a-negligible-oneThat Girl: Wellness Shouldn't Be Work: https://www.youtube.com/watch?v=0hVlxNGPvDoWellness industry analysis: https://www.statista.com/outlook/dmo/ecommerce/beauty-health-personal-household-care/personal-care/worldwideAisha Harris's A History of Self-Care: http://www.slate.com/articles/arts/culturebox/2017/04/the_history_of_self_care.htmlGlobal Wellness Economy: https://www.hospitalitynet.org/news/4108643.htmlMillennials and the American Dream: https://podcasts.apple.com/us/podcast/the-money-with-katie-show/id1589146097?i=1000578662240What is the American Dream Now?: https://podcasts.apple.com/us/podcast/the-money-with-katie-show/id1589146097?i=1000579420509Bootstrapping #Fail: Why the American "Solution" to Systemic Problems Keeps Falling Short: https://podcasts.apple.com/us/podcast/the-money-with-katie-show/id1589146097?i=1000582372410Statistic on adult anxiety disorders in the US: https://www.nami.org/About-Mental-Illness/Mental-Health-Conditions/Anxiety-DisordersChelsea Fagan's 7 Common Self-Care Tips That Actually Make You More Stressed: https://www.youtube.com/watch?v=CfkM6pM6HvIU.S. News & World Report survey on financial anxiety in Americans: https://money.usnews.com/credit-cards/articles/two-thirds-of-americans-experiencing-financial-anxiety#:~:text=Survey%3A%20More%20Than%2067%25%20Are,Anxiety%20%7C%20Credit%20Cards%20%7C%20U.S.%20NewsResearch on poverty & the developing brain: https://dana.org/article/poverty-and-the-developing-brain/#:~:text=Children%20growing%20up%20in%20poverty,adaptive%20behavior%20patterns%2C%20and%20learning.Financial Independence Tracker: https://moneywithkatie.com/new-2023-wealth-planner—Follow Along at Money with Katie: https://moneywithkatie.com/Follow 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