Sign in or signup
Radio Streams
SA Radio
24/7 Radio Stream
VCY America
24/7 Radio Stream

My Favorite Things
Home
NewsSITE
Events | Local | Blogs
New Audio | Video | Clips
Broadcasters
Church Finder
Live Webcasts
Sermons by Bible
Sermons by Category
Sermons by Topic
Sermons by Speaker
Sermons by Date
Staff Picks
CommentsALL -5 sec
Top Sermons
Daily Log
Photos
Stores
Online Bible
Hymnal
Daily Reading
Our Services
Sermon DashboardNEW
Members Only

Breaking News Home | All | Religion | Society | Tech | Choice | SA Newsroom
FRONT PAGE  |  3/25/2019
THURSDAY, JAN 10, 2019  |  10 comments  |  1 commentary
1 in 5 millennials with debt expect to die without ever paying it off

The average millennial (aged 18 to 34) had about $32,000 in personal debt, excluding home mortgages, last year, according to Northwestern Mutual's 2018 Planning & Progress Study. That debt can feel both crushing — and endless.

Just over 60 percent of millennials (classified here as those aged 18-37) with debt don't know when, or if, they'll ever be able to pay off what they owe, according to a new CreditCards.com report. That includes roughly 42 percent of millennials who don't know when they'll be able to wipe out their debt, and almost 20 percent of those who expect to die in debt.

There are some bright spots in the data: Among those aged 18 to 30 with credit card debt specifically, 79 percent say they have a plan to wipe it out. On average, they expect to be debt-free by age 43, CreditCards.com finds. ...


CLICK HERE to Read Entire Article
www.cnbc.com

|  FOCUS  |  Audio commentaries on this news item | more..
Younger Gen Poorer by 70% • 1,210+
Kevin Swanson | Generations Radio

   03/25/19  |  Trump: 'Total EXONERATION' by Mueller report • 1 comments
   03/25/19  |  Utah Governor Signs Bill to Ban Abortions on Babies With Down...
   03/24/19  |  Chemical plant explosion leaves at least 64 dead, 640 injured
   03/24/19  |  Why are 2020 Democrats so weird? • 19 comments
   03/23/19  |  New Evidence Indicates Cross-Sex Hormones Trigger Major Heart... • 2 comments
MORE RELATED ( SOCIETY ) NEWS | MORE..
   03/25/19  |  Trump: 'Total EXONERATION' by Mueller report • 1 comments
   03/23/19  |  Chick-Fil-A Banned From Airport Over ‘Anti-LGBTQ Behavior’ • 24 comments
   03/22/19  |  ISIS caliphate has officially crumbled • 9 comments
   03/22/19  |  Mississippi governor signs heartbeat bill • 1 comments
   03/22/19  |  Kentucky Governor Signs Law Prohibiting Abortions Based on... • 3 comments
OTHER CHOICE NEWS | MORE..
   03/20/19  |  What is The Foundations Conference? • 11 comments
   03/19/19  |  The Foundations Conference NYC 2019
   03/12/19  |  SermonAudio Tip: Clean New Look of Broadcaster Homepages • 5 comments
   03/02/19  |  SermonAudio Tip: New Event Category for Sermon Clips and Other...
   01/07/19  |  SermonAudio Tip: Broadcasters, Earn SA COINS With A Simple... • 3 comments
MORE SPECIAL | MORE..
COMMENTS | show all | add new  
    Sorting Order:  
· Page 1 ·  Found: 10 user comment(s)
News Item1/11/19 5:29 PM
Douglas Fir | Zones Four to Six  Find all comments by Douglas Fir
Good mention of Dave Ramsey in a comment below. Just a reminder--his weekday radio show--3 hours long--is the 3rd most popular radio show in the USA, just behind Rush Limbaugh and Sean Hannity. His program is growing with events in various cities, and related podcasts like Chris Hogan's one about retirement.
I hate to sound like a shill for him, but I do enjoy listening to his programs.
As to this story, I think banks and lenders better wake up and smell the coffee, and stop lending $$ to people who have little chance to pay it off.
I think a related story is about 'seasoned citizens' who are deeply in debt and have little chance of paying it off, yet the banks still send them credit card offers.
10

News Item1/11/19 1:13 PM
John UK | Wales  Find all comments by John UK
Neil wrote:
I didn't mean to imply frugality comes easily for everyone; for my wife and me, it was innate even before conversion, as unbelievers can be frugal (e.g. Chinese).
Yes indeed Neil. I'm sure that there are many people who have good common sense, and even live a comparatively sensible life, who yet are unregenerate and far from God. I also imagine that it can even be taught, in which case it comes down to either culture or tradition, where one is born and bred.

Mentioning mine own failure in this area was certainly not an argument with what you said, merely a piece of personal testimony.

9

News Item1/11/19 12:15 PM
Neil | Tucson  Find all comments by Neil
John UK wrote:
Thank you Neil. In mine own experience of life in this world, "it's just a matter of" was not part of my thinking as a non-Christian, and I got into debt like anyone else.
I didn't mean to imply frugality comes easily for everyone; for my wife and me, it was innate even before conversion, as unbelievers can be frugal (e.g. Chinese). The Christian motive is not to be anyone's slave, if at all possible. People enslave themselves to creditors, then complain that they're unfair and greedy. This is why I don't buy this "War on the Middle Class" narrative; in the West at least, few are forced to borrow. IMHO, the Middle-Class is self-destructing.

We are bombarded by "Buy now, Pay later" propaganda, and worse, our current financial paradigm punishes saving with pathetic bank interest rates. Remind oneself, "Count me out: I'm not playing the World's game of relentless acquisition." The Christmas shopping frenzy is an example of this.

8

News Item1/11/19 11:05 AM
John UK | Wales  Find all comments by John UK
Neil wrote:
We can second that; it's just a matter of frugality and self-discipline, encouraged by hardly anyone these days.
Thank you Neil. In mine own experience of life in this world, "it's just a matter of" was not part of my thinking as a non-Christian, and I got into debt like anyone else. It was a case of wanting something (coveting) which I had not the funds for.

But praise be to God, through conversion and the indwelling Holy Ghost, my wisdom increased, and I began seeing things in a totally new light. For one thing, I never needed anything to bring me joy, because as David experienced, "my cup runneth over". I never needed the booze any more because as Paul said, "be not drunk with wine, wherein is excess, but be filled with the Spirit" [which brings much joy unspeakable into the heart].
___________

JAG, absolutely. Yea and amen.

7

News Item1/11/19 10:14 AM
Just a Guy | Mississippi  Find all comments by Just a Guy
Neil says...
We can second that; it's just a matter of frugality and self-discipline,"

That's the key. American businesses greatly encourage the already discontent Americans. They have designed it to seem like its easier to get into debt, than stay out of it. When really it's just a matter of if you are willing to deny the flesh of it never ending desires...

People think the key to happiness is the better stuff. You would think we would realize that new stuff is always going to get old!

The real key to contentment is being thankful for what you already have, and finding joy in the simple things in life...

One of my favorite things to do is go in the woods alone and hunt woodcocks. I hardly ever see any, but I love to experience the nature of things that never get old. Trying to guess what birds I hear. Smell the sweet odor of ceder trees. And feel the crunch of leaves beneath my feet...

That is where contentment is. In the things that God has given us to enjoy from the beginning. God Himself, Family, and Creation...

6

News Item1/11/19 9:15 AM
Neil | Tucson  Find all comments by Neil
John UK wrote:
It is a very simple matter to live debt-free. Totally debt-free.
We can second that; it's just a matter of frugality and self-discipline, encouraged by hardly anyone these days. Industry propaganda says, "indulge yourself." The US Gov't encourages borrowing for homes and college, considered "rights" today. I think the G.I. Bill and the Veteran's Admin. loan program started this.

Dave Ramsey, at least, is a rare exception and encourages his listeners to live debt-free. But it's like losing weight: a daily commitment to self-denial for those unaccustomed to it.

And one can also look at it this way: living cheaply these days is still pretty luxurious compared to past centuries. Medieval English peasants had to share their wattle-walled homes with smelly farm animals.

5

News Item1/11/19 8:37 AM
John UK | Wales  Find all comments by John UK
I agree, JAG.

It is a very simple matter to live debt-free. Totally debt-free.

4

News Item1/10/19 10:36 AM
Just a Guy | Mississippi  Find all comments by Just a Guy
Debt the curse of our culture...

Avoiding debt is so helpful to having a stress-less life. Especially when the inevitable Second Depression comes our way...

Own your (many times) older car, you can still drive when everyone else is driving it back to the dealership...

Own your stuff, and your house gets to keep whats inside...

And when you don't have dozens of credit card bills each month, you can focus on paying the other bills when the whole nation gets hit in the Depression.

Nobody studies the Great Depression these days. They think its almost impossible for another one to happen again, simply because they don't know how the first started anyway! But really, we are in a perfect position for another right now. It's just a matter of how long...

3

News Item1/10/19 9:45 AM
Neil | Tucson  Find all comments by Neil
Dr. Tim wrote:
They have never been taught that it’s right to do right, and honorable to be honest.
But honor doesn't matter in a culture where shame has been abolished. Folks mess up their lives by cheating on tests, getting divorced, going bankrupt, getting caught in lies, posting obscenities on the Internet, and have no shame about any of it. And public authorities have slackened penalties for all of these, for they themselves do such things.

And churches are little different; for example, David Hawking, a radio preacher in So. Cal. whom we enjoyed hearing, was hired by another church after his resignation for adultery in 1992. He still has a website.

In the 19th Century, dueling was a problem because personal honor mattered a lot more (too much in many cases).

2

News Item1/10/19 8:23 AM
Dr. Tim | Land of Cotton  Find all comments by Dr. Tim
With all of the crooked debt relief organizations advertising that “you don’t have to” pay your bills, and with the current idea that there is no absolute truth (and therefore it’s okay to sign a paper saying you’ll pay back money whether you actually pay it back or not), I suspect that a high percentage of these young people have no intention of repaying their loans. They have never been taught that it’s right to do right, and honorable to be honest.
1
There are a total of 10 user comments displayed | add new comment |Subscribe to these comments
Last PostTotal
Chick-Fil-A Banned From Airport Over ‘Anti-LGBTQ Behavior’
the quiet christian: "it's one thing for chickens to, rightly, claim they are..."
-59 min 24 
Why are 2020 Democrats so weird?
the quiet christian: "good advice, mr. moderator. thanks."
-1 hrs 19 
Trump: 'Total EXONERATION' by Mueller report
dr. tim from land of cotton: "hillary and the liberal press conspired to keep..."
-1 hrs 


Bill Parker
Death in Adam-Life in Christ 2

Romans - Bill Parker
Sunday School
Eager Avenue Grace Church
Play! | MP4 | RSS


Dr. James M. Phillips
Myths @ The 2nd Coming

Systematic Theology 2017
Discover The Word With Dr...
Video!Play! | MP4

John Pittman Hey
Our Lord Jesus is No Hireling!

Our Good Shepherd Dies for Us
Grace Bible Church
Play! | MP3

Event: Apr 11-13, 2019
The Life of a Shepherd

"Sanctify them by your truth" John 17:17
Conference
NCFIC

Sponsor:
The wealth of the sinner... PROV 13:22

Ref­ormed church in Reedsb­urg WI [OPC] humbly req­uests help purch­as­ing a Kingdom Hall.
https://reedsburgchurch.org..

Event:
Dordt400
Trinity Protestant Reformed

Flemington, NJ | zip
Grace Covenant Baptist Church

Seeking to maintain Christ-centered worship in Flemington, NJ.
www.gcbcnj.squarespace.com

SPONSOR | 12,900+

SPONSOR




                   
Sins are so remitted as if they had never been committed. ... Thomas Adams


Gospel of John
Cities | Local | Personal

MOBILE
iPhone + iPad
Church App
Watch
Android
Church App
Fire Tablet
Wear
Chromecast TV
Apple TV
Android TV
ROKU TV
Amazon Fire TV
Amazon Echo
Kindle Reader


HELP
Knowledgebase
Broadcasters
Listeners
Q&A
Uploading Sermons
Uploading Videos
Webcasting
Tips & Tricks
YouTube Screencasts
2-MINUTE TIPS

FOLLOW
Weekly Newsletter
Staff Picks Feed
SA Newsroom New!
RSS | Twitter | Facebook
SERVICES
Sermon Dashboard | Info
Church Finder | Info
Sermon Player | Video
Mobile & Apps
Podcasting | Videos
Live Webcasting
Listen Line
Events Support
Transcription | PowerClips
Billboards
Business Cards
SOLO | MINI | Domain
Favorites | QR Codes
Online Donations
24x7 Radio Stream
INTEGRATION
Embed Codes
Goodies
WordPress
Twitter
Facebook
Logos | e-Sword | BW
JSON API

BATCH
Transfer Agent
Protected Podcasts
Auto-Upload Sermons
Upload via FTP
Upload via Dropbox
Picasa
ABOUT US
The largest and most trusted library of audio sermons from conservative churches and ministries worldwide.

Our Services | Articles of Faith
Broadcast With Us
Earn SA COINS! New!
Advertising | Local Ads
CONTACT
info@sermonaudio.com
Privacy Policy | Support Us | Stories