# Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123

Page: https://stenobird.com/podcast/modern-wisdom-229239/why-everyone-is-drowning-in-debt-and-how-to-get-out-caleb-hammer-1123
Text version: https://stenobird.com/podcast/modern-wisdom-229239/why-everyone-is-drowning-in-debt-and-how-to-get-out-caleb-hammer-1123.md
Podcast: [Modern Wisdom](https://stenobird.com/podcast/modern-wisdom-229239)
Published: 2026-07-13T05:00:00+00:00
Episode link: https://prfx.byspotify.com/e/pscrb.fm/rss/p/claritaspod.com/measure/traffic.megaphone.fm/SIXMSB8612035080.mp3
Audio file: https://prfx.byspotify.com/e/pscrb.fm/rss/p/claritaspod.com/measure/traffic.megaphone.fm/SIXMSB8612035080.mp3
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JSON: https://stenobird.com/v1/public/podcasts/modern-wisdom-229239/episodes/why-everyone-is-drowning-in-debt-and-how-to-get-out-caleb-hammer-1123
Duration seconds: 6985

## Resource

Caleb Hammer is a personal finance YouTuber. Are we in a financial crisis or spending our way into one? Rising prices, growing debt, and shrinking savings are putting every generation under pressure. But what’s really to blame? A broken economy, bad money habits, or both? The answer could determine whether we’re headed for disaster, or still have time to turn things around. Expect to learn if it is actually harder to make an manage money than ever before, what the hidden costs of bankruptcy are that nobody wants to talk about, why Gen Z is in more debt than any other generation, if most financial problems are psychological in nature, if lifestyle inflation has become a bigger problem than inflation itself, what the biggest financial red flags are when dating and much more… Sponsors: See discounts for all the products I use and recommend: ⁠https://chriswillx.com/deals⁠ Get 160+ lab tests for just $365 and save an extra $25 at https://functionhealth.com/modernwisdom Get the brand new Whoop 5.0 and your first month for free at https://join.whoop.com/modernwisdom Get a Free Sample Pack of LMNT’s most popular flavours with your first purchase at https://drinklmnt.com/modernwisdom Get a free bottle of D3K2, an AG1 Welcome Kit, and more when you first subscribe at https://ag1.info/modernwisdom Get ChatGPT to explore ideas, solve problems, and learn faster at ⁠https://chatgpt.com Timestamps: (00:00) Does Caleb Really Get Death Threats? (05:44) Does Gen Z Actually Have It Harder Financially? (18:02) The Hidden Costs of Bankruptcy (21:03) Why People Fall Into Debt (24:13) The Personality Traits Behind Financial Success (25:36) How Debt Impacts Your Identity (27:28) The Trap of Lifestyle Inflation (36:14) The Best Way to Handle Anxious Guests (39:23) Knowledge vs Discomfort: What…

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