Breaking Banks

Suze Orman | Rethinking How People Save


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In This Episode

What’s the key to financial security today? As technology and a shifting economy reshape how we save, spend, borrow, and plan for the future, mastering the art of money management is critical for achieving financial health. Listen as Jennifer Tescher, host of sister podcast Emerge Everywhere and Founder of the Financial Health Networkspeaks with Suze Orman – personal finance expert, author, Emmy Award winner, and Co-Founder of workplace emergency savings platform SecureSave – about the critical role of savings and an important step companies can take to support employees’ financial success today.

Dedicated to improving financial health for all, especially the most vulnerable among us, Emerge Everywhere tackles the complex issues intersecting the financial well-being of people across America while exploring how to build an inclusive economy.

Listen now! Read the entire transcript here.

Podcast Content:
Chapter 1: Introduction and the Changing Landscape of Personal Finance (00:00)

A reflection on how financial habits have evolved over the past two decades, with a focus on new tools, technology, and the challenges people face today.

Chapter 2: The Disconnect Between the Economy and Everyday Americans (05:20)

Suze Orman discusses the stark difference between national economic indicators and individual financial realities, emphasizing that many Americans are still struggling despite a strong stock market.

Chapter 3: Lessons from the 2008 Financial Crisis and Beyond (12:10)

A look back at how financial behaviors changed after the Great Recession, the long-term effects of financial fear, and how past economic crises still impact people’s financial decisions today.

Chapter 4: The COVID-19 Effect: A False Sense of Security? (18:45)

Examining how government stimulus during the pandemic created short-term financial stability, only for many people to fall into debt when support was removed.

Chapter 5: Financial Behavior vs. Systemic Barriers (24:30)

The debate between personal financial responsibility and the role of systemic challenges, including inflation, job access, and government policies in shaping financial well-being.

Chapter 6: Educating the Next Generation on Money (31:15)

Suze Orman raises concerns about how young people are learning about personal finance, questioning whether influencers and social media platforms are reliable sources of financial education.

Chapter 7: The Importance of Emergency Savings (38:40)

A deep dive into SecureSave, Suze Orman’s initiative to help employees build emergency savings, and why she believes savings—not investing—should be the foundation of financial security.

Chapter 8: The Role of AI in Personal Finance (46:20)

Suze speculates on the future of AI-powered financial advisors, discussing both the potential benefits and risks of AI replacing human financial guidance.

Chapter 9: The Changing Face of Retirement and Aging (52:10)

A discussion on financial security for aging populations, including how women often outlive their partners and the financial struggles they face later in life.

Chapter 10: Closing Thoughts – Financial Security for All (58:30)

Suze Orman shares her final thoughts on how individuals and businesses can take action to improve financial stability, and the need for a more holistic approach to financial education.

Related Content:

  • Episode 127 – Unconventional Saving Products
  • Will Financial Advisers Be Replaced By Crowd, How Does Tech Change GenYs Plan Investment & Saving?
  • Moving From Personal Financial Management To Personal Financial Performance
  • A Penny Saved, in A Bank, Is A Penny Earned?
  • Digital Identity- FinTech keeping ahead of fraud
  • ...more
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