Debt: A Growing Problem for Today's Youth

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Recent studies have shown that today's youth are piling up debt faster than ever before, complicating their current lifestyle and compromising their future financial health.

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We continue to work hard to provide today's young adults with valuable content dealing with earning, managing, investing and spending money.

Recent studies have shown that today's youth are piling up debt faster than ever before, complicating their current lifestyle and compromising their future financial health. Major factors in this unhealthy trend are limited financial training, the accessibility of credit cards and loans, and the scarcity of information that addresses their specific needs and situations. A recent study by Nellie Mae Corporation reported that 66 percent of undergraduate students surveyed have credit cards while their average outstanding balance was $2,169.

Recognizing this trend, YOUNG MONEY, the leading national money and lifestyle magazine for college students and young adults ages 18 to 25, has expanded its reach and financial education resources for American youth. The publication announced today that it has added a 200th college now distributing copies on their campuses nationwide, up from 110 colleges in January 2007. With more than 800,000 readers, YOUNG MONEY has grown in popularity and service, experiencing a circulation increase of more than one hundred percent over the past five years.

"With this increase in distribution to 200 schools, YOUNG MONEY is arguably the most recognized college publication in the nation," said Todd Romer, Executive Director of YOUNG MONEY Magazine. "We continue to work hard to provide today's young adults with valuable content dealing with earning, managing, investing and spending money." (See circulation list at http://www.youngmoney.com/mediakit/circulation).

In addition to its availability on magazine racks in high traffic areas of these two hundred colleges, two of the nation's largest business fraternities and one student organization also pass along copies to their members. Alpha Kappa Psi and Delta Sigma Pi members and Students in Free Enterprise chapters have significantly increased YOUNG MONEY readership, making the publication one of the most effective financial resource guides for today's youth. (See distribution list at http://www.youngmoney.com/mediakit/distribution). The February/March issue of YOUNG MONEY is scheduled for publication in mid-February 2008.

YOUNG MONEY® magazine is published bi-monthly by the InCharge® Education Foundation, Inc., a part of InCharge® Institute of America, Inc., a nonprofit provider of resources for the financially distressed. InCharge® Debt Solutions, an affiliate organization, assists consumers in managing their debts by helping them develop a strategy to repay creditors and regain control of their finances. The Orlando, Florida-based InCharge Debt Solutions is a member of the Association of Independent Consumer Credit Counseling Agencies (AICCCA). For additional information, visit http://www.youngmoney.com and http://www.incharge.org.

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