On Point | Podcast

The 'money ladies' take stock of our current economy

12 snips
Apr 28, 2025
Michelle Singletary, a personal finance columnist for The Washington Post, and Rana Foroohar, a CNN global economic analyst, dive into the pressing issues of our economy. They discuss how tariffs and mortgage rates contribute to uncertainty, and share vital insights on budgeting during turbulent times. The conversation highlights the growing anxiety among lower-income groups amid rising debt, while also exploring how global dynamics, like China's rise, impact American citizens. They emphasize the importance of cautious investment strategies and the evolving role of activism in corporate accountability.
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ANECDOTE

Personal Stories of Financial Struggle

  • Brittany and Beth share their financial anxieties amid federal grant cuts and economic slowdown affecting their household income.
  • Their stories illustrate real struggles with job security and tight budgets faced by many Americans today.
ADVICE

Cut Back and Prepare for Worst

  • Michelle Singletary advises individuals to cut discretionary spending and build their emergency funds during economic uncertainty.
  • She stresses preparing for worst-case scenarios by trimming budgets and delaying non-essential expenditures.
INSIGHT

Eroding Trust Harms Economy

  • Trump's administration undermines both Americans' financial security and freedom, increasing economic uncertainty.
  • The resulting distrust disrupts businesses and the economy, exacerbating challenges already present.
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