Discuss the results of having debt marketed to adults the same way toys are marketed to children
What will be an ideal response?
Answer:
1. Students and those with little capacity to repay are being given the opportunity to increase debts at will. Many students only need a college ID to obtain a credit card. These cards typically come with all types of free goodies to entice application.
2. People are encouraged to borrow more than they should. Borrowing is becoming part of our culture. In a recent survey of those aged 30 and under, almost 60 percent do not pay off their credit card bills every month. For those over 60, it falls to less than 15 percent.
3. Bankruptcies have reached an all-time high. Debt as a percent of disposable income has nearly doubled over the last 40 years. In 1997 was the first year where over 1 million Americans filed for bankruptcy.
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Websites maintained by which of the following tend to be the LEAST valid?
a. Faculty b. Think-tank members c. Governmental organizations d. Commercial organizations
In an era when many jobs are multifaceted, requiring high levels of emotional intelligence, creativity, adaptability and proactivity, which of the following is suggested by Waples and Friedrich (2011) as a more appropriate alternative term than performance ‘management’:
a. performance ‘facilitation’ b. performance ‘art’ c. performance ‘extraction’ d. performance ‘manipulation’
You are working on your company's cash budget for the coming year and you believe there may be
short periods of time where financing is required. Which of the following sources of short-term financing is most certain to be available when needed? A) line of credit with a bank B) accounts receivable C) revolving credit agreement with a bank D) trade credit
In Caley v. Gulfstream Aerospace, the employer told the employees that as a condition of continued employment they had to agree to a new dispute resolution policy that would take effect in two weeks. Caley sued, contending the new policy was not backed by consideration, so there was no enforceable contract. The appeals court held that:
a. companies cannot offer employees contracts, so whether or not there was consideration is irrelevant b. there was an offer and acceptance, but no consideration so there was no contract c. there was an offer and consideration, but continued employment was not a sufficient method of acceptance so there was no contract d. none of the conditions necessary for a contract were present so there was no contract e. none of the other choices are correct