Поиск

Полнотекстовый поиск:
Где искать:
везде
только в названии
только в тексте
Выводить:
описание
слова в тексте
только заголовок

Рекомендуем ознакомиться

Остальные работы->Реферат
The saw whet is rarely heard at night, unless it is during mating season. During it?s mating season it can be heard easily from the woods. It?s breedi...полностью>>
Остальные работы->Реферат
While reading The Consolations of Philosophy by Alain de Botton I had mixed feelings whether philosophy is relevant in today’s society and if it had a...полностью>>
Остальные работы->Реферат
To fully evaluate the arguments concerning any debate one must possess a level of objective background information concerning the issue. For this info...полностью>>
Остальные работы->Реферат
Genetics and biotechnology are very old fields of science. During the time of the Egyptians, people have used primitive genetics to produce better cro...полностью>>

Главная > Реферат >Остальные работы

Сохрани ссылку в одной из сетей:

Illustration Essay -1 Essay, Research Paper

Our nation is in dire financial straits. However, the nation’s situation is only a reflection of our personal failures in our inability to “Just Say No” to ourselves. We must have everything and we must have everything now. We have become a country of consumers instead of a populace of producers. Let’s face it, too many families are drowning in debt.

We are spoiled. No one wants to wait and save money for purchases. The American consumer is deeply in debt and not talking about it. Consumer debt rose two-hundred twenty five percent from 1976 to 1986. Visa billings doubled last year from two-hundred billion to four-hundred billion. Total household debt has soared to 93% of annual income.

USA Today has reported that for the last five years, finances have been the number one subject of most New Year’s Resolutions. It used to be weight. Something is definitely amiss.

These statistics have been building for years but it is no longer just the baby-boomers problem. My generation just embarked down the same ruinous path. Many students come out of school not knowing how to balance a checkbook. College is where you start learning firsthand about finances and credit because the credit companies are sending out cards by the buckets to students.

Citicorp just spent ten-million marketing credit cards to high-school kids. Sixty-one percent of all college students are carrying a card, and thirty-two percent of those got it before college. However a recent survey showed that fewer than thirty percent of the students polled could say what interest rate they were paying on their cards. It’s like not knowing anything about guns and toting an Uzi. But the credit card companies understand about teaching children habits that will carry over into adulthood.

Now credit cards aren’t the root of all evil, but we must look at it realistically. The typical family

pg.2

is holding between eight and twelve credit cards, and each card has an average balance of $1500. These were accumulated by no more logic than just who sent them one. They are horrible and dangerous financial tools. There are over forty-three million Discover cards, over twenty-six million Sears cards with more than seven hundred thousand applications per month. In 1994 Sears made more money on credit cards than they did on the sale of merchandise. So Sears is not a merchandiser; it is a credit operation with some stuff out front.

What exactly can the irresponsible overuse of credit bring about? Worst case scenario; how does bankruptcy sound? Typically bankruptcy filings are over nine-hundred thousand, annually with a new record set every year between the years of 1983 and 1992. The increase of filings in the last fifteen years is over one-hundred fifty percent, with ninety-four percent of filings non-business personal filings. Think you’re not in danger of this situation? Here’s something to think about. A recent study done on the typical bankruptcy by the University of Texas in conjunction with The University of Pennsylvania confirms this. Published in the Wall Street Journal the study noted that the typical bankruptcy was not a guy under a bridge or a real estate high roller but rather “Well educated, middle-class baby boomers with big time credit card debt.” Wake up America!


Загрузить файл

Похожие страницы:

  1. Illustration EssayCelebrities Essay Research Paper Celebrities like

    Реферат >> Остальные работы
    Illustration Essay-Celebrities Essay, Research Paper Celebrities like Christopher Reeve, Michael ... night. The foundation supports research into possible treatments and cures ... make a difference, however small, within our worlds. A friendly smile, a supportive ...
  2. Amnesia Essay Research Paper Our brains are

    Реферат >> Остальные работы
    Amnesia Essay, Research Paper Our brains are constantly at ... and current relationships. Rupp illustrated this: Grown children who clash ... it is clear that our memories are quite susceptible to ... Therefore, many of our memories about our childhood are stored there ...
  3. Our Journey To Earth Essay Research Paper

    Реферат >> Остальные работы
    Our Journey To Earth Essay, Research Paper Our Journey to Earth Today ... of emotional and vivacious individuals. Our crew traveled to a large ... “smoking” them. In this illustration, there seems to be two ... words are being expressed toward each other. They are both ...
  4. Black Holes Essay Research Paper Our solar

    Реферат >> Остальные работы
    Black Holes Essay, Research Paper Our solar system consists of ... pulls it in. This is illustrated in Figure 1, taken from ... Quasars, and the Universe. Figure 1. Excess pressure in the hot core ... and new satellite technology, research has contributed to find more ...
  5. Bayes Theory Essay Research Paper REVIEW OF

    Реферат >> Остальные работы
    Bayes Theory Essay, Research Paper REVIEW OF RELEVANT LITERATURE AND RESEARCH I first became ... : Using the formula for our example in equation 4: The ... Equation 1 Equation 2 Equation 3 Equation 4 ILLUSTRATIONS Illustration 1 A B52 Stratofortress owned by the ...

Хочу больше похожих работ...

Generated in 0.0027740001678467