Hey folks,
Here are some interesting facts that should alert you
Although these elements are 18-24 year olds, the bottom line is this is the future for younger kids? unless parents step up to the plate and take action to teach children all about money.
FACT: over 2 million people declared personal bankruptcy in the u.s. last year, and 20-24 year olds are the fastest growing demographic filing bankruptcy
FACT: average college grad has over $ 18,900 in student loan debt, 4.5 credit cards, more than $ 5,000 credit card debt and 600 FICO scores or less.
FACT: employers Check regularly the credit scores of new applicants. This could mean NO work for new grads with low credit scores!
FACT: Banks raising minimum payments with credit cards from 2%-4%
FACT: interest rates on loans student can jump over 2% effective 1 July 2006
Check out my new ebook: Millionaire Kids destroyed Kids: how to raise your children to make, manage, save and invest their money better than the pros.
No comments:
Post a Comment