Don’t let myths about personal finance hold you back. Experts say many of these commonly touted ideas won’t hold up to scrutiny.
Chase found itself in hot water last week after it posted a tweet telling consumers to stop wasting money on purchases like coffee and cabs. The bank later deleted the tweet. But backlash was swift, with people like presidential candidate and Democratic Senator Elizabeth Warren and New York Representative Alexandria Ocasio-Cortez that much of the country’s savings crisis stems from bigger factors that are out of consumers’ control, like stagnant wages and rising living expenses. (Chase did not respond to requests for comment from Grow.)