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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (29333)	7/16/2011 10:12:06 PM
From: Pogeu Mahone	Respond to of 119362

Some young adults think debt is 'cool' Posted by Jill Boynton July 14, 2011 10:16 AM A recent study by Ohio State University found that many young adults think debt is a good thing. They feel a boost to their self-esteem from carrying credit card and education debt. Not all debt is bad, and there is some benefit to carrying debt and managing it well – you can boost your credit score which results in lower interest rates on future loans, and debt is a way to leverage your money. But there are also dangers to carrying debt. Sound financial management entails managing your debt wisely. It seems that some young people may be enamored of their ability to acquire debt, as it makes them seem more adult. The study shows that some young people felt more in control of their lives and better able to achieve their goals. Those in the bottom 25 percent in total family income got the biggest boost from holding debt. But they may be the group that has the hardest time paying it off. The study is alarming to me as a financial planner because it may lead these young people to acquire debt that could become burdensome in the future and impede them from reaching their financial goals. Learning to manage debt is similar to learning how to drive a car – you should start out slowly and carefully and learn to take control of the vehicle without it taking control of you.

To: John Vosilla who wrote (29333)	7/17/2011 2:45:10 PM
From: tejek	3 Recommendations Read Replies (1) \| Respond to of 119362

Think about it how as the small town rural white guy bought into supporting no modest tax increase for the likes of Jamie Dimon, Lloyd Blankfein, Steve Speilberg, Oprah Winfrey or Lebron James while his safety net to support his poor health and unstable financial situation is slowly evaporating and debased?... This never ceases to amaze me how the little guy has bought into the rich man's song and dance promoted by the Rs. They actually think the Rs have their best interests at heart. Bernanke is in a no win situation with most though I think he is our one true hero keeping us from catastrophe so far and he might have to pull another rabbit out of the hat in a few weeks. Bernanke has been abandoned by his own cohort which has turned into an incoherent mob. Much like Greenspan he will go down in infamy.