In the article Bonus Reading Financial Responsibility For All: A Myth Or Reality? By Lubie Grujicic-Alatriste, there are three major reasons of financial responsibility of young people. The first reason is a lack of knowledge and correct information about taking credit. Another reason, college students can easily get a credit card at college campuses. Finally, institution banks don’t want to have involved in misleading the problems that may occur of having a credit card and having lack information about credits. However our society should be more financially responsible when it comes to credit and spending.
After I read the article, I agree with all the statements. Because I believe that many young people doesn’t have enough knowledge about credit card, loans, bill-payments and spending. So this article would be so helpful for college students not to get involve into too much debt. As an example, my cousin has graduated from college 6 years ago, he have a job as a cartoon designer, but he still owe the government a lot of money that he have not done paying yet. I guess that he have to continue paying for many years.
College students who have been hurt by owning too much credit cards, they should be more responsible, when it comes to credit and spending. Otherwise, young people will get more financial problems over time.
