(Untitled)

[fianasylph]

I'm of two minds about the newest crisis du jour thats been in congress and the papers lately: the growing number of college kids with excessive credit card debt.  Actually, I'm of three minds.  I'm not even sure it is a crisis

Comments

[samtaro82]

AMEN. What you say about cards and rates and legalese is true, but like you said, it's the card user's fault for racking up debts they can't pay. College kids need to know that a credit card is not a magic thing that gets you stuff for free. I mean...some of us learned this, but clearly some people haven't been properly educated.
And also, yes, shouldn't people be more concerned with the fact that kids are ALSO coming out of college with tens (or hundreds) of thousands in debt?? When I tell people over here how much money I owe to the US government for my college debts, they usually get this look on their faces like they're going to barf, 'cause university is basically free over here. And I'm one of the lucky ones - I only have about 40k in debt for two degrees. I sort of got boned on both ends - I've got the US college debt, but I've got to deal with German working standards, which means you are an intern for at least a year or two before you get an actual job. It's totally lame. :D