Sunday, March 23, 2014
Generation Debt p. 230
I agree with Suze Orman; when we absolutely have to rely on credit cards to get us through life, we are in trouble. It may not necessarily mean that the generations today don't know how to handle their money. You have to take into consideration the economy and how that is playing a role with financial issues. You are just beginning your life as an adult and you are automatically started off with debt from school loans or paying back financial aid that you received, if you choose to further your education after high school. I would disagree with the article by stereotyping girls as having a closet full of shoes and clothes or a guy having a flat screen TV and nice furniture when it comes to having debt. Many college students may be trying to live on their own and having to busy the bare necessities they need to survive, while still paying bills. Gas and car costs need to taken into consideration as well. Students need transportation to get to and from work, school and other places. Public transportation is an option but not everyone has the perfect schedule to take public transportation all the time. I do not think all young adults are incapable of handling their own money. Sometimes using a credit card may be necessary though, as long as you can pay it back.
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