LOL.
Ping!
” “... I lived for now. It was so stupid,” the 28-year-old says. “It’s depressing, but I can’t live that life anymore.” Now, she says, “I basically want to live for the future.” “
This girl needs to keep her day job - and her night job... She’ll never make it as a politician.....
>>’Democratization of Credit’
>>LOL.
It is like the Democratization of our country. Not something to be proud of, as anyone familiar with the writings of the Founders would understand.
If she thinks Bama gonna pay'em she can line up with the other fools....this b'tch should pay what she owes and quit complaining.
It’s amazing to me how the government has forced socialist programs onto private sector financial businesses and then make the incredulous claim the “capitalism” has failed.
It’s true. And if not abused, a good and great thing.
However us economic and financial ants have to realize we stand on a quicksand of the Federal Reserve and the US Federal Government that may, at any time change the financial and credit environment in a moment. Dropping rates to zero, punishing savers and the thrifty, causing people to search for more riskier returns( stock market, bonds anyone?) Or they may raise them to 10 percent.
The governments( town, state and federal ) have no, zero interest in financial education of us neo-serfs. They keep us ignorant, award fake degrees for the modern age, use elite undecipherable language (Greenspan ).
I could go on....
To paraphrase Lincoln. ‘We the government can fool/tax/order/command all the people some of the time, some of the people all of the time, and the rest we’ll buy off, or use the IRS, ATF, FBI and drag them through the courts until they are in jail or they live in a shelter.’
The most important thing (other than the article itself) is something that appeared elsewhere on the WSJ site and that is education.
They reference it as a civil right issue. And on this one thing, I agree.
I was trained as a CFP (Certified Financial Planner) but ended up in the business of my first love...plants. Go figure.
My sweetie is a teacher. I cannot tell you how many times I’ve railed at him over this. Instead of spending a 42 minute class period on....diversity, sex ed, “green” training, and all the rest....
WHY AREN’T WE TEACHING KIDS MONEY MANAGEMENT ??????
Instead of setting up these outfits in neighborhoods to teach adults about this, this MUST become a classroom endeavor. It is worth that 42 minutes of classroom time.
Teach about checking accounts, credit cards. Teach about why payday loans suck. Explain how credit works.
I’m proud to say the state of Utah has passed such a measure. The rest of the country needs to follow suit.
from the article,”In New York, their clients’ average debt is $18,000, and half have incomes under $10,000. “
More than enough fault to spread to the lender,the borrower and well as the politicians for not dealing with this issue 20 years ago.
Always.
End the Fed and the debt slavery will end.
What a great headline.
This young lady made one bad decision after another.
She is not alone.
It is so sad.
Americans’ inflated sense of entitlement has gotten us to this point.
$26,000 to pay for an AA from a community college??
What's wrong with this picture?