Financial Problems
I was reading today that lately more Americans have been getting behind in their payments. As a consequence, centers that offer free financial consulting and offer help in consolidating debt and working with creditors to reduce payments have been at an all time high. Even most companies that are in the business of lending money offer some sort of easy to go payment reschedueling. This is a national trend that has been on the rise. Most experts blame the current economic trends or individual problems or poor planning on today's generation in general. I have my own theory. Today's generation has a lot more bills to pay. Fifty years ago there was no cable bill, no internet bill, less people owned cars and there were no cell phone bills and roaming charges. In addition, America has lost most of it's manufactoring jobs which were good paying jobs leaving most factory workers to find lower paying work. If you want a good job in today's society secondary schooling, which is free in most European countries. The cost of college is going up leaving most college graduates with large student loans to pay off. Finally, the job market just can't support the population. Lets face it, in a capitalist economy it would be impossible to employ 100% of the population. It may be impossible to employ 100% of the population with any monetary based economy. I'm tired of hearing that the financial problems people are facing are their own fault of the fault of the current interest rates or the "current state of the economy." The answer is simple: the system sucks and this is probably as good as it gets.
posted by Just a blogger @ 2:13 PM
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