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!
About the Podcast
Next Gen Personal Finance (NGPF) is a free blended-learning personal finance curriculum to engage and empower students to make informed financial decisions. In our podcasts we interview educators and other experts in the field of Personal Finance.