The question posed above isn't meant to be facetious. It's a legitimate inquiry that seems to be set out by a study that raises a warning flag about the pace of credit card debt accumulation among young Americans. The finding of the study is that young people in Texas and the rest of the country are running the risk of going to their graves with a greater amount of credit card debt than any previous generations.
Federal debt relief efforts not liked by everyone
When consumers find themselves strapped for cash, they often turn to credit cards to bail themselves out. As a lot of people in Texas have learned in recent years, this can start a person down a frustrating road that offers no possible hope of debt relief and recovery.
New foreclosure rules stress mortgage advocacy over animus
The federal government is looking to promote a kinder, gentler mortgage environment for homeowners. In the wake of the recent housing bubble burst and the damaging recession that left so many people in Dallas and across Texas scrambling through foreclosures and bankruptcies to keep their financial heads above water, this could be good news.
Former baseball player advises other athletes
Texas baseball fans may be familiar with Jody Gerut, who was once a candidate for the American League Rookie of the Year in 2003, and played for the Cleveland Indians, San Diego Padres and Milwaukee Brewers. He says he once knew nothing about money, despite a Stanford education and a major league income. Gerut revealed that he had put his money in the wrong places, and so now, he is an agent for other athletes to help them avoid a similar fate.
Fewer Texans filing for bankruptcy
The number of Texans filing for bankruptcy appears to have gone down for the second straight year. One U.S. Bankruptcy Court in Texas has seen filings reduced by as much as 10 percent.
