Amber Burton

speaker

331 appearances 7 recordings 1 series first heard Nov 2020 last heard Jun 2021

Amber Burton’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · More Americans Use Stimulus Money to Pay Down Debt · 10 Feb 2021 podcast

Whereas more people might have been more willing to go out and spend the money at the beginning of the pandemic, people are being a little bit more slow to decide what they want to do with this check.

We spoke to a lot of younger people this time around, and a lot of people decide to either put it toward debt like student loans or either save it and put it in their savings account.

The driving force behind a lot of these decisions, with the people that we spoke to at least, were that the longer that we go into the pandemic, the more people are uncertain about whether that be the length of the medical crisis or job stability.

So they're really just thinking about, do I need a rainy day fund?

Where is the most responsible place to put this money?

Yes, in some ways it has still been a lifeline to people who are struggling.

The sentiment really has been, you know, any bit counts.

While it might not be as much as some need, it has been something to help people keep the lights on, help go toward rent, or a lifeline to, you know, pay down some debt that has made them feel not so in control during this time.

So in that way, it has helped people, but it has not necessarily immediately served as a way for people to go out and

stimulate the economy, maybe in the way that we assume that would look like.

One thing that the professor I spoke to at MIT Sloan School of Management said was that, you know, it might not look like it's stimulating the economy in the way that we imagined right now, but really these people who are saving up will be eventually taking that to maybe put it toward a bigger purchase, which would be stimulating the economy in the long run.

Thanks for having me.

WSJ Your Money Briefing · How to Improve Your Financial Health in 2021 · 30 Dec 2020 podcast

Thanks for having me. voice-verified

When we go into a new year, we often have these big money goals. voice-verified

But really, the place to start would be taking a step back and taking stock of really where you are and what your financial health is looking like. voice-verified

So that's anywhere from taking a look at what bills you still have or what debt you're looking at and coming up with a more realistic budget before you launch into big savings goals from buying a house to even getting a dog. voice-verified

Yeah, when it comes to billing, a lot of financial experts, they go to the old-fashioned advice of just, you know, pull those statements and go through it line by line. voice-verified

It never fails people to just really get a good idea of what they're spending every month, go through it, figure out what you value. voice-verified

Is there anything in your statement that doesn't align with what you want and what your goals are right now? voice-verified

And that helps you really adjust your spending moving forward into the new year. voice-verified

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