Part 4/11:
A significant portion of his talk revolves around how life in America has shifted over generations. Recalling the 1950s to 1970s, he notes that most families didn't own multiple cars—let alone brand-new ones—and emphasized living debt-free. He contrasts this with today's culture, where people often bury themselves in debt, taking on sizable car payments and mortgage obligations that can lead to financial stress and bankruptcy.