Not exact matches
However, such research also shows that the incomes
education - indebted households quickly fall behind their peers without
education debt, likely because the need for indebted households to make consistent monthly payments on their
debt causes them to
lack the job flexibility and mobility enjoyed by
debt - free households.
One of the reasons Americans have struggled so much with big
debts and credit repair issues is due to the inexperience and
lack of
education concerning personal finances.
«We know that many of these individuals live from paycheck to paycheck and remain unbanked for reasons ranging from problem credit histories and
debt burdens, to distrust of financial institutions, to the
lack of financial
education.»
The
lack of financial
education and marketing of
debt based products in the form of credit cards, student, and auto loans make young adults prime suspects to become
debt slaves.
Lack of
education is the primary cause of credit card
debt in America.
It is one of the many ironies in life that many people recently completing post-secondary
education have substantial
debt levels at a time when, based upon their life experience to date, they might be the least capable of managing this
debt simply due to a
lack of experience handling their finances and immaturity regarding financial literacy.
Survey:
Lack of
education goes with credit card debt — Households without credit card debt tend to be more educated than those with credit card debt, according to a study by public policy organization Demos... (See Education and c
education goes with credit card
debt — Households without credit card
debt tend to be more educated than those with credit card
debt, according to a study by public policy organization Demos... (See
Education and c
Education and card
debt)
For much of my adult life I've been broke, stuck trying to pay off
debt (even to the point of trying
debt consolidation), and unable to do anything about it because of a
lack of
education and opportunity.