Freedomain Radio - Stefan Molyneux - The Middle-Class Trap Aired: 2025-05-01 Duration: 04:49 === Four Million Struggling (01:22) === [00:00:00] Sideswipe health issues are rough. [00:00:05] What did the dog say when he sat on the sandpaper? [00:00:07] Rough! [00:00:10] Oh, as a father, as a dad, I can make these joketh. [00:00:19] All right. [00:00:23] Somebody wrote, the middle class trap, $3,000 a month house payment. [00:00:27] $1,200 a month car payments, $2,000 a month child care, $900 a month student loan payment, $1,000 a month credit card payment. [00:00:34] Congrats. [00:00:35] you're stuck for the next 20 plus years. [00:00:37] Um... [00:00:43] The student loan stuff is a big deal. [00:00:46] It's a big deal. [00:00:47] Only 38% of student loan borrowers are up to date on their payments, even after a 3.5-year payment pause. [00:00:54] Four million borrowers are between three and six months behind. [00:00:57] Five million are nine or more months behind. [00:01:01] Yikes! [00:01:08] And the majority of these unpaid, 83% of the debtors in default are women. === Four Million Behind (03:26) === [00:01:22] Ouchies. [00:01:24] But again, it's more fun in the short run. [00:01:27] It's hedonistic and more fun in the short run. [00:01:28] To go join a sorority, to go have some fun and all of that, right? [00:01:43] you. [00:01:43] I mean, it's the reason they don't teach you financial literacy in schools, right? [00:01:49] Joe says, Steph, when you put out your resume and had... [00:01:52] Chief Technical Officer Experience. [00:01:53] Why do you think you didn't get any calls? [00:01:55] Do you think that's when the H-1B imports started taking off? [00:01:58] It could have been a diversity thing. [00:01:59] It could have been, like, obviously I have a very white male kind of name. [00:02:03] It could have been a diversity thing. [00:02:05] I don't know. [00:02:05] And I did get a few, but it was rough. [00:02:09] I mean, I ended up getting a great job after a while, but I got that through contacts, through people I'd already worked with before. [00:02:15] Man. [00:02:19] It was crazy, man. [00:02:20] I mean, I had more success getting jobs when I was a waiter than when I had a decade's worth of top-level business experience. [00:02:31] And not just top-level, like management experience, product design and implementation, coding, sales, marketing, presentations. [00:02:42] I was the guy, you know, I'm pretty outgoing, and I was the guy that I would be sent down to Vegas. [00:02:48] To do presentations and chat up with people in the booth and all of that. [00:02:52] I wouldn't say I did it all, but I did a lot in the business world. [00:02:56] It'll lighten the business world. [00:03:03] Are you going to dip into the Oblivion remake? [00:03:09] Are you? [00:03:09] Are you? [00:03:11] I will probably dip in, but I don't think I'll be able to play it. [00:03:17] Somebody wrote... [00:03:17] I don't know if this is true or not. [00:03:19] Let's ask Grok. [00:03:21] Is it true? [00:03:22] Ist truthiness. [00:03:23] I will not be able to do this. [00:03:26] Thank you. [00:03:28] Yeah, probably not. [00:03:31] Rome Total War has now been cited in over 200 divorce proceedings. [00:03:36] I've never played it. [00:03:38] I've never played it. [00:03:41] That's pretty funny. [00:03:52] I.O. Research has written... [00:03:54] What does that mean? [00:03:59] GWAS. [00:03:59] Sorry. [00:04:00] I should probably know what this means. [00:04:02] Oh, genome-wide association study. [00:04:05] A genome-wide association study of 273,157 individuals from UK Biobank identified 106 genetic variants associated with socioeconomic status. [00:04:17] Genetic inheritance explained up to 40% of the intergenerational transmission. [00:04:22] of occupational status. [00:04:23] Mm-mm. Ah. [00:04:32] *sigh* [00:04:34] Let's see. [00:04:38] Analyze the post. [00:04:39] Should have done this before. [00:04:41] Just struck me now. [00:04:46] Yeah, seems to be valid. [00:04:48] It's pretty wild.