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