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Debt

Debt

Why are we allowing our children to go into debt with little prospect of paying off the loans anytime soon after the graduate, if they do graduate?

Even worse, why are we piling up governmental debt that they will struggle to pay for when we default? The current governmental fiscal instability is unsustainable.

The Apostle Paul wisely said, “Don’t run up debts, except for the huge debt of love you owe each other. When you love others, you complete what the law has been after all along.” Romans 13:8-10

May God give us the wisdom to stop the madness and stop the debt.

“Young people ages 20 to 24 face an unemployment rate of over 9 percent. More than six years into economic recovery, many millennials are asking, “What recovery?”

“This is especially problematic given that millennials are facing two separate, unprecedented financial burdens. The first, student loan debt, has been driven by poor federal policies. The second, unfunded health and retirement programs, was never voted on or approved by the young, yet they are still liable for the decisions of past policymakers.”

Source: The Unprecedented Debt Burdens Facing Millennials | Economics21

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