There's a fiscally responsible way for us to do for deserving college grads what we did for Wall Street and big business.
It's still all too easy to get ensnared in a nasty debt trap that could derail your finances and prevent you from accomplishing your dreams.
It was after several months of blowing between $800 and $1,200 on food alone that I realized it was time for a change.
The average tax refund is around $3,000. If you are lucky enough to get a refund. That may not sound like a lot, but there are some interesting ways to leverage that return.
While news outlets don't just invent numbers on the budget, it would not be much of a change for the worse if they did. The news stories that we saw following the release of President Obama's budget followed the same practice we have seen in budget stories for decades. They threw very large numbers at readers that no one understands.
There are a trillion reasons to care about who owns emerging market debt. That's how much money global investors have poured into in these government...
One of the lessons we teach our children is simply this: "If you make that decision now, you will have to live with the consequences later." It is a lesson about the need to consider the implications of a decision. It is a lesson we seem to have neglected in our national life.
Recent changes in household balance sheets can be viewed as a glass half-full or half-empty. But there are some traps lurking behind an apparent reduction in overall debt.
With the most recent recession and America still trying to dig its way out of debt, many are balking at credit cards in a way that we never have before. With high interest rates and countless fees being tacked on to our debt, it seems like credit cards are used more as a torture device than a helpful crutch through difficult financial situations.
While access to credit enables us to carry these kinds of debts, they hurt our ability to gain more access to credit - so the big-screen television you buy today could well be the one thing that prevents you from getting a mortgage on the perfect house next year.
With liabilities at $63 Billion and assets of only $40 Billion, the USPS is bankrupt by any stretch of the ruler. Without legislation, the USPS will add another $5.7 Billion of defaulted retiree health benefits to the deficit on September 30,2104. And so it goes. Deeper and deeper into the hole.
Diamonds may be a girl's best friend, but there's nothing romantic or sexy about going into debt. This Valentine's Day, use your head as well as your heart. Spend within your means. Be creative.
Once again the analysis offered by perma-bulls is marked by sophistry and misinterpretation.
I took my debt by the horns and rode it right out of my life.
Based on my seven decades of business experience, I can see only one solution: millennials must create their own jobs.
For the past few years, Globe Education Network schools have faced intense scrutiny for, among other things, their high price tag, poor graduation rates, leaving students deep in debt, and even consumer fraud.