“What I liked about Elizabeth Warren’s book was that it acknowledged that there are flaws in the system, that it’s more difficult to get on top than for our parents’ generation,” Sparkman said. “She didn’t treat it as a moral failing.”
The advice lines up neatly with her campaign: “All Your Worth” tells readers to pay off debt; the Warren campaign wants to cancel $640 billion of student loans. The book advises keeping the cost of necessities such as child care below half of your income; the campaign wants to ensure that no family spends more than 7% of its income on child care. “All Your Worth” advises black and Hispanic homebuyers to watch out for racial bias; the campaign wants to create a down-payment assistance program for areas that faced racial discrimination in mortgages.
The book led some readers to support the Warren campaign. Jackie Spano read “All Your Worth” at the start of the Great Recession in 2009 to learn more about personal finance, but found herself appreciating the asides where Warren criticized big banks and credit card companies.
“She called it,” she said. “She was going on about how the banks were taking advantage of everyday people and it’s not going to end well. I remember saying, ‘Oh my God, this is exactly what is going on today.’”