Perspective: Chase got trashed on Twitter for promoting penny-pinching. The bank wasn’t wrong. It wasn’t right, either.
A customer uses an ATM at a JPMorgan Chase bank branch in Chicago. By Michelle Singletary Michelle Singletary Personal finance columnist Email Bio Follow Columnist May 2 at 7:46 AM To many, telling people they need to be frugal or manage their money better can’t exist in the same America where households are under extreme economic pressure.
Many people could afford to save more to help pay for their children to attend college, or at least to minimize the number of student loans they take out. At the same time, the price of a college education is too high for many families. The irony, of course, is that an undergraduate degree is often the gateway to better-paying jobs.
“Our #MondayMotivation is to get better at #MondayMotivation tweets. Thanks for the feedback Twitter world,” the bank tweeted in response to the criticism. Richard Petersen of Santa Clara, Calif., wrote, “One word: Camping. As I was growing up, my family never had much money. But with four boys, a staycation would have been a living hell for our parents. So we went camping. We knew other families with kids our age, so we frequently went together. For us kids, it didn’t have to be Yellowstone or Yosemite. Brown County, Indiana, was just as good for us.
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