Longtime money columnist on the advice everyone needs to hear: 'If debt was a person I would slap it'
Michelle Singletary rejects 'good debt,' supports living with parents to save and says folks knowing your numbers is key to beating the affordability crunch.
TL;DR
- Michelle Singletary, The Washington Post's personal finance columnist, has launched a new podcast, "Dollars & Sense."
- Singletary views debt as a major obstacle to financial freedom and advises people to avoid it as much as possible, even calling it a 'necessary evil'.
- She supports the idea of young adults living with parents to pay off debt, especially student loans, and save money.
- Singletary expresses concern about the current economy, citing issues like high gas prices, unaffordable housing, and a widening wealth gap.
- She stresses the importance of "knowing your numbers" as the first step to addressing financial challenges.
- Singletary also highlights the need for policy changes to help people achieve financial stability.