Total household debt has soared to 93% of annual income. These statistics have been building for years but it is no longer just the baby-boomers problem.
USA Today has reported that for the last five years, finances have been the number one subject of most New Year’s Resolutions. My generation just embarked down the same ruinous path.
A person that is under the influence can lose control of their body, allowing the alcohol to take over (Bliss 1)....
[tags: Alcohol abuse, Alcoholism, Alcohol] - It’s not always easy to see when your drinking has gone overboard, but if you drink alcohol to avoid feeling bad, having issues physically, emotionally, and spiritually within yourself you are potentially in a dangerous zone.
[tags: Alcohol Abuse, alcohol, Alcoholism, ] - Alcohol abuse that continues and becomes a habit can result in long-term effects on the body.
If this abuse continues, it can result in physiological, psychological, and social consequences.In many cases it leads to brain damage or early death.Alcoholism is a chromic disease, which means that it will last a person’s lifetime. However, the nation’s situation is only a reflection of our personal failures in our inability to “Just Say No” to ourselves.We must have everything and we must have everything now.Many students come out of school not knowing how to balance a checkbook.College is where you start learning firsthand about finances and credit because the credit companies are sending out cards by the buckets to students.What exactly can the irresponsible overuse of credit bring about? Typically bankruptcy filings are over nine-hundred thousand, annually with a new record set every year between the years of 19. A recent study done on the typical bankruptcy by the University of Texas in conjunction with The University of Pennsylvania confirms this.The increase of filings in the last fifteen years is over one-hundred fifty percent, with ninety-four percent of filings non-business personal filings. Published in the Wall Street Journal the study noted that the typical bankruptcy was not a guy under a bridge or a real estate high roller but rather “Well educated, middle-class baby boomers with big time credit card debt.” Wake up America!The typical family is holding between eight and twelve credit cards, and each card has an average balance of 00.These were accumulated by no more logic than just who sent them one. There are over forty-three million Discover cards, over twenty-six million Sears cards with more than seven hundred thousand applications per month.