I missed the series' premiere last week, and look forward to watching part two this evening. (My local ABC affiliate re-airs Oprah's show after Nightline.)
I bring this up only because if you visit Oprah's site, you can get up to speed with what's happening on the show. Suffice to say that the three families getting "help" here are in real bad need of it. Seriously. I ain't lyin'.
You can also watch several minutes of video from Oprah's "After the Show" show, where she's talking to Jean Chatzky, Glinda Bridgforth, and David Bach. There's a decent amount of fluff ... until Oprah takes a question from the audience.
The audience member, a man, stands up and tells everyone that he and his wife have ~$150k in student-loan debt burdening them. He asks Oprah and her stage full of experts, "Where does that put us?"
Jean Chatzky's answer made me absolutely cringe. Enjoy:
After the Show: Debt Diet
It's the fourth video down, near the heading, "Ask the Experts." (The three other videos are worth watching, too, if you have a few minutes.)
You know, I used to think the way Jean Chatzky thinks. But no more.
Student loan debt isn't "good" debt. It's debt used for (usually) a "good" purpose. But it is still debt, and if you're already living paycheck to paycheck, there's nothing "cheap" about it. To sugarcoat this is to perform a huge disservice to anyone that bothers to listen.
So far in this series, most of what I've gathered from Oprah's experts (and it's all been from Oprah's website) has been, in my opinion, to a level not much better than average. Then again, it's hard to tell much from such a heavily-edited version.
But that won't keep me from watching the train wreck.