| An insight in to debt and our youth. Who is to | | | | vulnerability when lacking funds. Most highschool |
| blame and how we can fix our debt epidemnic. | | | | students at the age of eighteen get flooded with |
| Additional information on debt relief institutions and | | | | special credit card offers telling them they were |
| credit repairing agencies. | | | | approved. This creates an emotional trigger that |
| There is no doubt about it. Debt is one of the | | | | makes the youth feel like they are special when in |
| oldest economical issues that we face as a | | | | actuallity the credit offer was sent to every |
| society. Debt plagues the lives of the young as | | | | eighteen year old on their mailing list. |
| well as the old. Debt can tear families apart and | | | | 3. Business incentives - Most business and |
| can make it very hard to live. Debt can make an | | | | commissioned salespeople offer credit as an |
| individual feel less than human and shameful for a | | | | incentive to buy. They often offer deals like ten |
| situation that he or she may have never had | | | | percent off your first purchase when you apply |
| control of in the first place. | | | | for their credit card. This gives the sales people |
| So who's to blame for such problems as our | | | | an edge to make the sale. Often times the |
| debts? Always, the first conclusion would be to | | | | salesperson also recieves a bonus or incentive for |
| blame the individual for falling in to their own | | | | new applicants. |
| financial burden in the first place. This may only be | | | | So what can be done to avoid further problems? |
| part-way true. We are in control of most aspects | | | | Well, first things first, start with financial education. |
| in our lives but we may have missed some | | | | This is something that should be taught from the |
| important details on the way. | | | | time the youth makes their first purchase or gets |
| Here are some concepts that may be overlooked | | | | an allowance. If the parent wants the child to |
| at times: | | | | financially succeed, this must take place. |
| 1. Financial Education - Most Highschools require a | | | | For those who are already financially troubled, a |
| personal finance course in order to graduate, | | | | Debt Consolidation agency may be able to help |
| what they do not teach you most of the time is | | | | them fix their credit and give them insight on how |
| the actual implication of what falling in to debt can | | | | to improve their finances. Credit Card Debt |
| actually mean. They may show you how to keep | | | | Consoladation Services as well as consumer credit |
| a checkbook and how to buy and sell stocks, but | | | | counseling services can help the individual |
| they don't teach you about spending habits and | | | | understand their debt and help them with a plan |
| what is means to compulsively shop when you | | | | to fix it, whether its through debt settlements, |
| can't afford to do so. Debt is often not a | | | | debt negotiation, debt consolidation and other |
| miscalulation, it is a emotionally triggered response | | | | financial tactics. |
| much like an eating disorder. | | | | Through better understanding of our finances we |
| 2. Credit and Loan Companies - Credit and Loan | | | | as a society can work to relieve ourselves of the |
| Companies make it extremely easy to get a | | | | burden of debt. |
| credit card without concern for the individuals | | | | |