Robert Tursugian
University Composition and Communication II - Com156
October 02, 2011
Dr. Kristina Nelson
Credit for the Young Adult
The need for conviction in America has been conventional over the past few decades by the simple circumstance that in order to purchase a family unit or a car common knowledge is that the individual impart seek finance for the purchase through a loan. Additionally, it is cognise that in society today there atomic number 18 very few individuals who can manage to purchase prominent one dollar bill items such as a home or a car without the use of credit rating. Consequently, the news media is constantly informing the world of how Americas credit debt is growing while the credit card companies are profiting. While the need for credit establishes that close people do not have a large amount of cash readily available for major purchases, near Americans between the ages of 18 and 25 who have entered or are about to enter their college years should not use credit cards without the proper instruction and financial knowledge. This age grouping should evaluate their financial knowledge and positions carefully because of an inherent wish of credit education, drop of experience, and a lack of financial right that subsequently creates a burden on themselves and the credit card companies.
In general, we all hear that parents of first time college students once in a while give credit cards to their children who are away from home in order to make it convenient for them to provide essentials and underlying needs for themselves such as food, clothing, and recurring living expenses, nevertheless possessing funds to draw upon in case of emergencies. Although parents have good enough intensions, this group of 18 to 25- year-old Americans is entering their college years with an inherent lack of credit education. Some experts report that credit knowledge or financial literacy is important in developing a trusty method for credit cards use (Cheu & Loke, 2010)....If you want to mystify a full essay, order it on our website: Ordercustompaper.com
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