Life and Debt

The amount of debt carried by teens and young adults from the ages of 18 to 24 has gone up over 100% since the year 1992. Given that as these young adults are spending up to 30% of their income to pay for this debt, it is important that teens and the parents of teens address the credit-card debt issue. Here are a couple of reasons why parents and their kids should talk about how debt can be eliminated and why it’s important never to own a credit card. The Demographics Teens are the target for…

ever. War is expensive and financed through borrowing, taxation, and expedition of printing money. Barely any money was created. Liberty bonds are still used today in which U.S. treasury bonds are issued. A treasury bond is a fixed interest government debt security with a state of 10 years. Fixed interest securities are dealt with interest-rate risk. Securities will become less valuable as rates go up in a environment with rising interest rate. The U.S started using Bonds because President…

Lifetime of Student Debt? Not Likely,” Robin Wilson proposes that students have liability to ensure that they will not complete school with an intractable amount of debt. In her opinion, although many claim that student debt is the lender’s fault for supplying the money or the school’s fault for charging lofty expenses, the flaw lies in the student when they don’t take different factors into account and live inside of their means. Wilson gives an example of this by saying, “higher debt makes…

Life is too short to worry about spending all of your time and money that you have invested in your career to pay off credit card debt from college. One day some or most of you will be heading off to college and will hopefully want to make wise decisions about credit card usage, maybe the best decision is to stay away completely! Although many students believe that they will be able to handle the responsibility, credit cards will create a path to what can kind of become a slippery slope. Other…

understand how college students feel like. There are way too many people in debt to not have them be forgiven. Even the country is in debt. Most people that are in debt end up homeless and that's not good. Most people's life is revolved around just the hopefully I can pay them. That the question they ask every day. Student loans should be forgiven. Did you know that young people are in debt? If you combine all of the debt the everyone owns to loans, and I mean everyone it 17 million. Yeah, 17…

college. However back in the day, college wasn’t pressured on students and going straight to work out of high school was a social norm. For this reason, most high school graduates today go to college without knowing what they want to do with their life. Lastly, there are many…

College is a life investment just like starting a business, buying and selling stocks, or deciding on having children. But should everyone consider this investment in education? David Leonhardt says, “clearly” but Chris Matthews thinks more thought should be given to the process. Both of these journalists have valid points, but neither of them can decide what is best for each individual, especially having admitted that their findings are based on general, money-centric, paths that not everyone…

and thrive in achivements. Have you ever wonder what good friends will help you accomplish one day.Like when Jorge saves Gougar, Mary used $1000 of the honeymoon to help Jorge loan money in the bank, everyone helped Jorge pay a debt of $8000.It's a Wonderful Life displays that family and friends can make a man the richest person. Jorge saves Gougar. If he wasn't their Gougar would have been in prison for poisoning someone . Gougar has helped Jorge when he is in need also he even bought…

In “What Dives Credit Card Debt?” Amy Traub informs us about the amount of debt in America. The United States have about $854 billion in credit card debt. Researchers did a study on the household of the states which had about 1,997 people. The researchers found that people who have debt has no health coverage or a lack of. This means if your insurance is not that good you have to pay for the remaining which you would use a credit card. Another way is losing your job that means you cannot pay…

requirement. Gone are the days of finding a well-paying job and working your way up the ladder to a position of comfort and respect. Many people are aware of the status of the job market and are willing to take on college to find a better life. However, student loan debt and a low hiring rate are dooming today’s students to poverty before they even get started. The government provides some assistance, but they could do more. The US government should increase funding to public colleges and…