Income inequality is a real thing. Let’s start there. We are not all starting on a level playing field. In fact, some are actually starting at rock bottom.
Whatever way you define rock bottom, it’s a shitty place to start when envisioning your financial future. And it’s a frightening reality for many Americans. Giving advice about how my fellow college-educated Millennials can get ahead in their careers, defeat their student loans, and buy homes is all well and good. But it’s utterly useless advice for someone with no education, no family support, and no job prospects to speak of. It’s useless to those drowning in medical debt or responsible for supporting a family on a minimum wage salary.
You can’t think about Step 1 when you’re currently at Step -37. Those living at rock bottom need to achieve a basic standard of survival before they can think about “getting ahead.”Read More