Young People Not Financially Prepared, says Blue Financial
Blue Financial proposes mandatory fiscal responsibility courses at both the High School and University level
Phoenix, AZ (PRWEB) April 30, 2006 -- A recent survey of MetLife clients and employers found that 40 percent of workers ages 21 to 30 had not begun to save for retirement -- and many young adults have little clue how to even begin doing so.
The debt of young people from student loans and credit cards continues to skyrocket, and Mr. Jolley, President of Phoenix, Arizona's Blue Financial sees this growing trend as very disturbing. Mr. Jolley says, many young people are ill-equipped to handle the pressures of skyrocketing debt. With 40 percent of our young workforce not having a clue regarding savings, or the difference between good and bad debt, the economy could be negatively affected for years to come?
Mr. Jolley proposes mandatory fiscal responsibility courses at both the High School and University level. Mr. Jolley says, schools are supposed to get you ready for the real-life world?. Nothing shocks a young person into real life faster that overwhelming debt and money problems at an early career age.
Mr. Jolley advocates personal financial self-control, lower consumer debt, decreased spending on credit cards, and achieving better credit scores by eliminating unnecessary expenses.
About Blue Financial:
Blue Financial was founded in 2002 to provide Arizona homeowners with less than perfect credit a place to borrow money at low rates, and to assist homeowners, through a refinancing transaction, to move toward the path of financial freedom by consolidating their debt, improving their monthly cash flow, and improving their credit history.
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