Generation Debt
Take Control of Your Money--A How-to Guide
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5.0 • 1 Rating
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- $7.99
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- $7.99
Publisher Description
With debt and the cost of living rising astronomically, Generation Debt offers the personal financial advice that every young adult must have to live a more secure life.
There is a growing financial epidemic -- young adults are taking on more student loan and consumer debt than ever before, but finding it harder to pay it off. With tuition and living expenses rising every year, and the average college student graduating with over $18,000 in debt, many are trapped and can't find a way out.
Now, this definitive book offers the financial advice necessary to help readers navigate their way toward a debt-free future. Informative, timely, and entertaining, Generation Debt teaches readers how to: Get a grip, set goals, and make financial plans by identifyingneeds vs. wants Employ the "B" word (Budget) to lower bills Master loans with payback options and consolidation strategies Learn good debt vs. bad debt and be smarter with credit cards Understand interest rates and fees, and shop for the best rates and servicesTake advantage of employee savings plans, stocks, bonds, and mutual funds And much more.
PUBLISHERS WEEKLY
When the average college student graduates with $18,560 of debt, almost all of it in tuition loans, and is lucky to find a job that will pay even $28,000 a year, how is he or she supposed to make ends meet? Ulrich, a former projects editor for Money, offers a step-by-step guide on how to budget your monthly expenses, make judicious use of credit cards while avoiding the pitfalls of high interest rates, and find the best way to pay off those student loans. Later sections cover situations like choosing whether to rent or buy a home, getting a car and saving for retirement, and each chapter has links to Web sites with additional resources. Ulrich's advice is simple and to the point, but her efforts to reach a young audience with sarcasm and hip lingo occasionally risk the appearance of talking down to her readers. There's also a slight but uncomfortable strain of resentment aimed toward peers from wealthier families who don't have to grapple with these issues. Ulrich does argue for some big nationwide initiatives, like a higher minimum wage and increased credit card regulation, but she's much more concerned with providing basic solutions to individual financial crises and delivers the goods effectively.
