NACA in the News: Reality-TV Show Tries Financial Makeovers for Those With Student Debt

Release Date: 
October 16, 2019
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Wall Street Journal, Reality-TV Show Tries Financial Makeovers for Those With Student Debt.

"Ira Rheingold, executive director of the National Association of Consumer Advocates, said the story arcs of makeover shows such as 'Going From Broke' run the risk of characterizing all debtors as bad people who need 'harsh lessons.' Often, he said, people are just unlucky.

He is skeptical that 'Going From Broke' and similar shows can be an avenue for financial advice.

'Having a rich celebrity who may not have debt problems give you advice—I’m not sure they have an understanding of what it’s like for folks who are struggling,' Mr. Rheingold said."