Are Young People Too Afraid of Debt?

Is debt bad? A.P. Giannini, who popularized the home mortgage a century ago and later founded the Bank of America, didn’t think so. Neither have the countless working-class borrowers who over 100 years have been able to get ahead faster and live better because of Giannini’s breakthrough product: the consumer loan. Yet in today’s economy [...]

More young people holding credit cards

SINGAPORE: Credit Bureau Singapore said the number of credit card holders aged 21 to 29 have shot up by nearly 50 per cent over the past four years. They now total 150,667. However, this group is also seeing a bigger jump in those not paying in full.

Bam’s bogus youth agenda

President Obama is making a big push to recover his lost popularity with youth — but his promises don’t address the real needs of the under-30 crowd. Since Inauguration Day, the president’s approval rating with the 18-to-29 crowd set a record for the most precipitous drop in Gallup Poll...

Asheville speaker: Next generation faces job challenges

ASHEVILLE — Faced with slow job growth, high debt and no guarantee that a college degree means a good livelihood, more young people are interested in entrepreneurship and forging their own destiny.

Is Culture of Risk-Taking and Self-Confidence Influencing Student Debt?

COMMENTARY | According to Reuters, the increasing levels of debt incurred by law school graduates has led some to seek relief through the courts, often declaring bankruptcy. From 2005 to 2010 the number of college graduates declaring bankruptcy rose by about 20 percent. A recruiter of law school graduates said students who did not attend one of the top-40 law schools and finish within the top ...