In this episode, host Mike McNamara takes a clear-eyed, plain-spoken look at the financial pressures facing Americans right now — and what they mean for everyday families.
Using current data, Mike breaks down why a $38 trillion national debt isn’t just a headline number, but a real force shaping higher interest rates, tighter budgets, and fewer safety nets for younger generations. He walks through some truly eye-opening statistics: millions of workers living paycheck to paycheck, retirement savings pushed aside by daily expenses, and college costs crowding out long-term planning.
The message isn’t about fear — it’s about responsibility and agency. Mike explains why relying on government solutions is no longer enough, and why learning to live within your means and plan ahead is more important than ever if you want to avoid outliving your assets.
The episode closes with a practical call to action: take control of your financial future by getting informed, getting intentional, and getting professional guidance from a fiduciary who puts your interests first — like McNamara Financial.
If you want clarity instead of noise, and a plan instead of wishful thinking, this episode is for you.
Michael J. McNamara, Ph.D., CFP®, is the founder of McNamara Financial. A seasoned financial planner with over 40 years of experience, Mike is now semi-retired and works exclusively with long-time clients and a select few new ones.
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McNamara Financial is a family-owned, independent, fee-only financial planning and investment management firm. For over 30 years, we’ve helped individuals and families on the South Shore and beyond navigate their financial futures with clarity, confidence, and care.
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http://mcnamarafinancial.com
