By TAMMY JOYNER
The Atlanta Journal-Constitution
Published on: 07/19/06
Despite a growing economy and low unemployment, nearly one in four Americans say they frequently fall behind in their monthly bills because they're in debt, according to a national survey being released today.
Worries over debt are so pervasive that 82 percent of the 1,000 people surveyed said debt is a "very serious or somewhat serious problem" that's growing worse.
The survey, conducted by a Republican pollster and a Democratic pollster on behalf of the Center for American Progress and the Center for Responsible Lending, shows the country's growing "economic anxiety."
Click here for the Article!
[Read More!]
I previously made the point that the Credit Card Industry is not interested in creating a relationship with financially responsible Consumers. If fact if you are among the least credit worthy …guess what, you are their target market.
Student will graduate with several Credit Cards, maybe one from their Freshmen year and one for every school year there after. As Senior they will be right up there with the national average of $8-10,000 on Credit Card Debt. What a great start! The payments on their Student loans, Living Expense, Insurance (car) Medical if they can afford it should be a great motivator to get a job that pays $50,000 plus. Boy how realistic is that?
Parent Read This Article!.
[Read More!]
