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Next Gen Personal Finance


Apr 2, 2022

Michelle Singletary just shared insights from her 25 years writing the Color of Money column in the Washington Post so we thought it would be a great idea to repost the podcast. Here are a few excerpts from her latest column

  • Power of marketing: "I no longer underestimate the power of marketing, which conditions Americans to be consumers. Masterful marketing campaigns encourage overspending and the accumulation of debt."
  • Attitude toward debt: “In theory, certain loans make sense. Without mortgages, most Americans couldn’t afford to purchase a home, which for many households ends up being their biggest asset. I recognize that business loans have helped people follow their passions and create small businesses. But what we need in America is not more cheerleading of debt but more caution.”

Enjoy!