So Money with Farnoosh Torabi · Monday, July 27, 2026
Freddy Smith argues that the primary financial crisis for millennials and Gen Z is not a lack of financial literacy, but rather wages that have not kept pace with the rising cost of living. He identifies housing, student loans, childcare, and healthcare as key challenges.
“In this conversation, Freddy and I get into why he thinks the real crisis for millennials and Gen Z is not financial illiteracy, it's wages that haven't kept pace with the actual cost of living.”
“We talk about his big four, housing, student loans, childcare, and healthcare.”