As a business professor, it has been very disconcerting to see students end college with a mountain of debt. Sure, we hear a great deal about the rise in tuition for college education, and the student loan debt-load that graduates end school with. But we hear little about the other debt. For the most part, my interaction with students suggest they enjoy good lives, and seem to serve their needs very well (or somewhat well, depending on the student) for entertainment, clothing, and various other instant gratifiers—and much of this is paid for by credit cards. [Read more →]
Category: Financial Struggles · Getting Started · Money
