The Financial States of America – a podcast produced by Reuters Plus for Northwestern Mutual – explores where people are in their financial journeys, the many routes that can be taken and the lessons learned along the way.
Hosted by Christian Mitchell, former chief customer officer at Northwestern Mutual, and Bryan Falchuk, author, speaker and a veteran of the financial services industry, this podcast series features wide-ranging conversations with leading experts in the fields of finance and technology exploring the biggest trends and research shaping Americans’ attitudes toward money and practical tips to achieving financial security.
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The Financial States of America – a podcast produced by Reuters Plus for Northwestern Mutual – explores where people are in their financial journeys, the many routes that can be taken and the lessons learned along the way.
Hosted by Christian Mitchell, former chief customer officer at Northwestern Mutual, and Bryan Falchuk, author, speaker and a veteran of the financial services industry, this podcast series features wide-ranging conversations with leading experts in the fields of finance and technology exploring the biggest trends and research shaping Americans’ attitudes toward money and practical tips to achieving financial security.
A Closer Look at American Debt and College Savings
The Financial States of America
20 minutes
1 year ago
A Closer Look at American Debt and College Savings
Debt is not something to fear, nor is it something to take lightly. In this episode of The Financial States of America podcast, Christian Mitchell and Bryan Falchuk examine the role of debt in financial planning. Drawing from Northwestern Mutual’s 2024 Planning & Progress Study, they discuss how different generations approach borrowing and saving and explore the differences between “bad” debt and “good” debt.
Debt is an important tool in the financial planning toolbox that – when used responsibly – can help you reach financial goals, such as paying for higher education. Two in ten American adults are currently saving for college, either for themselves or a family member. Among those saving for college, the average amount they expect it to cost is about $77K and the average age they expect to pay it off is 45.
No matter how you view debt, it’s vital to form healthy financial habits to achieve your long-term financial goals. Joining the conversation is Jesse Mecham, CEO and founder of You Need a Budget (YNAB) who shares his insights on managing debt and college savings within a broader financial plan. He emphasizes the importance of ensuring financial decisions align with personal priorities.
Listen to learn how to think about balancing past, present and future financial needs in order to set yourself up for greater financial security in the long run.
The Financial States of America
The Financial States of America – a podcast produced by Reuters Plus for Northwestern Mutual – explores where people are in their financial journeys, the many routes that can be taken and the lessons learned along the way.
Hosted by Christian Mitchell, former chief customer officer at Northwestern Mutual, and Bryan Falchuk, author, speaker and a veteran of the financial services industry, this podcast series features wide-ranging conversations with leading experts in the fields of finance and technology exploring the biggest trends and research shaping Americans’ attitudes toward money and practical tips to achieving financial security.
