Credit Card Debt

Many people see a credit card as a way of getting things they want but don’t have the money for instead of seeing it as a way for emergencies and because of this people get themselves into debt. In the passage “The Debt Debate” the author argues about how middle class American struggles with debt caused by using credit card to be able to make ends meet. Which is hard to do for people, due to inflation. The author

The article also places most of the blame on the government itself for the lack of money and help to the people during this time. There is a point where the author places another blame on the banks as well. The author continues to reuse information that has been known

The individuals or groups who are against consumerism are said to be unpatriotic not only by the fellow citizens, but by the government. When an interview is conducted on the subjects, the amount of time and money they claim to spend on shopping is surprising. A large number these people use credit cards, where half of them are not able to pay every month. Cases of bankruptcy increase as citizens are more consumed with spending other than saving. Finally, the film Freedom Fries: And Other Stupidity We’ll Have to Explain to Our Grandchildren tries to offer solutions to the negative methods used by the government.

A common phenomenon is that in which several banking institutions report that they lose a lot of money during physical cash transfer services(Billingsley, et al 2013). This mostly takes place when the security guards vanish with the cash meant to be transported from one bank branch to another. From a personal point of view, it would be important to appreciate and acknowledge the efforts of these security officers (even though their services come at a price). However, the areas in which they should be allowed to relay their services should be strictly determined to protect the public from the above described scenario(Rowland & Coupe, 2014). Having security guards, for instance, to protect house premises would be a more strategic

As a business owner, manager, administrator the risks are enormous because my personal credit and financial information are closely related to my business. My identity and the company one are only one, which results in everything that directly or indirectly affects the company. There is also the risk of identity theft, the business being a small business corporate identity theft can result in the inability to meet payroll, tax obligations or payable bills. There is also loss of business income, sometimes the company is unable to meet its personal and tax obligations and purchase the necessary supplies. The consequences is unpleasant and end up in the obligation to dismiss employees, make reductions and even pay commercial obligations from

The positives about having it is that it could be more convenet for you to have bags that you choose to just bring from home, rather than going and getting your grocery 's for the month and having to pay extra because you didn 't bring your own bags, so why be punished? Bax tax would also be looked at like a punishment to punish the people who cant afford anything; when you 're already on rock bottom and having to scrape by, it 's hard to have to budget a new experience I would know I 've been in that position before. Having bag tax would show the common people how bad that we are also hurting our mother earth, to see the damage that our human race have caused. But to be the worker who has to enforce that would be hard because you would have to just keep track. Bag tax is actually working in Chicago, Illinois; It 's boosting there economy and getting better funding for the

With many different situations occurring within the college, our emphasizes will be towards student loans that cause students to become helpless when faced with massive debts. As debts accumulate during and after graduation, having loans can be detrimental to one’s well-being. As a leading cause to many student debts, colleges expect students to carry a vast amount of cash to pay for tuition. Despite these claims, students do not even have the proper living standards to afford school and paying off rents. From this information, we would like college students to reflect on relying on student loans for college.

The report concluded that “ASIC has limited powers and resources but even so appears to miss or ignore clear and persistent early warning signs of corporate wrongdoing or troubling trends that pose a risk to consumers.” For the irregularities of the industry, ASIC is negligence of duty, did not stop this bad behaviour in time, industry supervisor did no financial planners responsibilities for constraints which made the financial market and the customer have suffered huge losses. In contrast, Australian Securities and Investment Commission, as a industry supervisor, once it's regulation when there is no practical significance, its power will be built on stilts, soon loses control of the industry, causing irreversible decline. If we want to perfect the supervision mechanism of ASIC, we first need to understand what obligations financial planners should fulfil. Synthesize above industry vocational demand, as a financial planner, fulfil the fiduciary obligation to perform, to keep the customer loyalty. Only in this way can harmony

Most of the time, people who lost money were unable to pay the banks back their debt; which caused banks to fail. When banks failed, people that had money in their account, in the bank would lose their money even if they did not owe any debt to the bank. This caused families to go homeless and even

A lot of the money has been shifted around from bank to bank and like any other organization its hard to find the source of the courption. A lot of officials have been fired and some have told on others for lesser charges. But at the end of the day the game must go on. It 's funny to me how the United States thinks we can always fix everything but most of the time we don 't. We look for someone to blame