Chase yanks tweet offering advice on how to save money
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Move over avocado toast.
Chase bank was blasted on Twitter Monday following a #MotivationalMonday tweet that offered suggestions on how those struggling could save money, such as make your coffee at home, eat food in the fridge and take a cab when you can.
It was written as a back-and-forth between a customer and their bank account but was quickly criticized as being tone-deaf and out-of-touch. Critics claimed the tweet was guilty of "poor-shaming."
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Three hours after the tweet was posted, it was removed.
Chase released a follow-up statement later Monday, writing, "Our #MondayMotivation is to get better at #MondayMotivation tweets. Thanks for the feedback Twitter world." The bank did not immediately respond to an email from Fox News.
Among the bank’s most noteworthy critics was Sen. Elizabeth Warren, D-Mass., a frequent critic of banks.
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Warren pointed out that Chase’s parent company, JPMorgan Chase, received a $25 million taxpayer bailout during the 2008 financial crisis as many Americans "lost their jobs, homes and savings."
"Rising costs + stagnant wages = 0 savings," Warren wrote.
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While the online reaction was mostly negative, some Twitter users agreed with Chase’s suggestion to be more mindful of spending habits.
"Chase was right, it was a good tweet, and the people who were offended probably saw themselves in it," tweeted Tom Nichols, a professor at the U.S. Naval War College.
Financial expert Dave Ramsey told NBC News that he doesn’t agree with all of Chase’s practices but the Tweet had some merit.
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“No one should ever shame someone for being poor,” Ramsey said. “But all of us should be open to having our bad habits called out so we can live better lives."