Conservative personal finance advisor Dave Ramsey created quite a stir on Thursday with his take on the idea of stimulus checks.
While President Biden and others have stated that another round of stimulus is necessary to help those impacted most during the pandemic, Ramsey had a different take.
Twitter Reacts to Dave Ramsey Bombshell
The popular radio host, author, and advisor, who joined “American’s Newsroom” on Fox News Thursday, stated that “If $600 or $1,400 changes your life, you were pretty much screwed already. You got other issues going on.”
He stated that those who would be significantly helped by a stimulus check have some sort of major issue. Specifically, he stated that those people “Have a career problem. You have a debt problem. You have a relationship problem. You have a mental health problem. Something else is going on if $600 changes your life.”
While it may be true that those in need of stimulus money have a problem, Ramsey neglected to mention that many of those problems are outside of people's control, especially during the pandemic. Instead, Ramsey resorts to the “individual shaming” that has often characterized his radio show advice.
Ramsey also criticized the idea of student loan forgiveness, saying that the idea that forgiving student loans would provide economic stimulus was “hogwash” and “smoke and mirrors.” He went on to say that these proposals “have nothing to do with really helping people” and that they are “a political gimme by progressives simply trying to buy votes.”
Ramsey’s comments seem incredibly tone-deaf considering the significant and unavoidable impact the pandemic has had on Americans and those around the world. An impact that no one foresaw and that many couldn’t have prepared for.
This isn’t the first time Ramsey has received criticism during the pandemic.
Ramsey has faced ongoing condemnation for his failure to take Covid-19 seriously, as well as the lax business policies that many have argued, has put his employees and others at risk. He was roasted in December when he notoriously hosted a large holiday party during which he asked caterers and those attending not to wear masks or gloves so as not to “scare those in attendance.”
Twitter did not hold back, responding sharply to Ramsey’s latest remarks.
Many have called him a hypocrite and stated that this is just another example of how out of touch Ramsey is with the reality facing the average American. Still, others took things a step further by questioning Ramsey’s intentions and claiming that he profits off others' struggles.
— Helaine Olen (@helaineolen) February 11, 2021
Ah, Dave Ramsey. Offering extraordinarily shitty personal finance advice since 1987. https://t.co/jvBPezjXRQ
— Emily Guy Birken (@EmilyGuyBirken) February 11, 2021
Renowned “Christian” money expert Dave Ramsey showing his utter contempt for the poor, just like Jesus.
OH WAIT. https://t.co/qNjYgnDJOM
— Champagne & Capital Gains (@champgains) February 11, 2021
Dave Ramsey: “Everyone needs to have a $1,000 emergency fund.”
Also Dave Ramsey: https://t.co/WCdO19K61G
— Dalton Hill (@DaltonHill_4) February 11, 2021
People keep saying Ramsey's out of touch. No, friends. He's not. This is his *business model*.
He profits off people struggling.
— Penny (@picksuppennies) February 11, 2021
While most focused their vitriol on Ramsey, others sought to console and uplift those he criticized.
If you need a stimulus check right now, there is nothing wrong with you. https://t.co/PzM8ERu01w
— Andy Hill (@AndyHillMKM) February 11, 2021
Btw, if $600 or $1,400 changes your life or fixes your problem, there’s nothing wrong with you. Sometimes your bills and paychecks are mis-timed. And sometimes you have a daunting obligation which is a lot of money to you. There’s no shame in needing help.
— Peter Dunn (@PeteThePlanner) February 11, 2021
Of course, some defended Ramsey’s comments, saying that critics were missing the message.
So many ppl missed Dave Ramsey point. Basically there's an underlying problem ppl have that needs to be addressed if the difference of $600 to $1400 is a life changer.
— Alpaca_Haven | RG| Musik_G 믈식_찌 (@NINJA_musikg) February 11, 2021
While millionaires and politicians continue to argue over new stimulus, millions of Americans whose lives would be changed by $1,400 are treading water and just hoping to stay afloat.
And if you’re one of those Americans, I would suggest you follow the advice of someone else.
Tawnya is a 34-year-old Special Education teacher in the sixth year of my career. Along with her partner, Sebastian, she runs the blog Money Saved is Money Earned. Tawnya has worked extremely hard to reach my goals and remain debt-free.
She holds an Honors BS in Psychology from Oregon State University and an MS in Special Education from Portland State University and has had a pretty successful writing career, first as a writing tutor at the Oregon State University Writing Center, and in recent years, as a freelance writer.
Tawnya and Sebastian have a wealth of knowledge and information about personal finance, retirement, student loans, credit cards, and many other financial topics. It is this wealth of tips and tricks that they wish to pass on to others.