Bankruptcy Among Youth

If you're amongst the smaller and have devastating debts, you're probably scared stiff. You feel stupid, cry at night, and fight with your family. Going bankruptcy is a bummer. So listen up. This is how to get your life back.

The first Journal that was read was Debt-Poor Kids by Robert Scott and Steven Pressman. Thus, in this article it focuses upon the “years 1980 and how being in a poor family has long term effects on the children” (Scott & Pressman, 2013, p. 358). While reading this article some key points that stood out regarding information people should know is that “poor children were more likely to die at an early age and did worse in school” (Scott & Pressman, 2013, p.358). When seeing this statement, we as teachers must do the best we can to help the students with handling everything. When seeing that students did worse it made me think what as teachers are we doing wrong for those students to be doing bad. One solution to that problem is that we need

When referring to health care economics, “cost” refers to the funds that are used to deliver health care to patients. Cost can also mean the amount of funds used to access health care or to deliver health care (Getzen, 2007). It is applied in many different ways such as, health care professionals applying economic principles like cost benefit analysis, or cost effect analysis to determine if the choice is good or bad. The principles help the government to provide the best intervention in health care (Getzen, 2007).

Poverty affects how you make decisions and contributes to counterproductive behavior. The poor are more likely to do things that will worsen their financial situation. They tend to be tardier, less productive, less attentive, and use less preventive health care. According to Anandi Mani, “The poor are less capable not because of inherent traits, but because the very context of poverty imposes load and impedes cognitive capacity” (980). People have a certain amount of mental capability and when their brain is overloaded with financial issues, it can become impossible to execute typical assignments. Vance and Mamaw puzzled over his financial aid forms for hours before determining the amount of debt he would incur in college. They spent hours looking at the forms without even starting them. Vance explains, “that would require another herculean effort on another day” (155). J.D. and Mamaw

In my opinion, I believe that loans are good for people who can borrow money and pay the company back as soon as possible. Those who do not pay them back receive an increase in interest every time they miss a payment. Targeting people who have a low to moderate income, payday loan companies are in the areas that these individuals live in. As Gilmore says, “A recent study by St.Michael’s Hospital in Toronto found a correlation between the number of payday lenders in a neighbourhood and premature mortality”. To avoid falling behind on payments, young people can seek for help to reduce stress. In conclusion, I think that

Financial literacy courses would benefit many Americans and could have prevented some of the financial mistakes they have made. In the article “Working Financial Literacy in With the Three R’s” by Tara Siegel Bernard, published by the New York Times, Annamaria Lusardi states “We need to teach the basics of economics and finances so people can make financial decisions in the world”. Inputting financial courses into high schools would allow students to learn the basics of economics to prevent financial mistakes and would prepare the students for the financial decisions they would have to make in the future. These financial courses would not have a negative effect but would have a positive effect on high

The “Great Recession of 2008" hit The United States and the rest of the world with a force not seen since the Great Depression less than a century ago. December of 2007 saw an unemployment rate of 5.7% as the economy was rolling forward on the back of the high-profiled housing market funded by aggressive loans to consumers with sub-par credit. (National Bureau of Economic Research) This created a proverbial “House of Cards” that fell apart that same month and over the course of two years; the unemployment rate would nearly double as The United States would lose over 8 million jobs according the National Bureau of Economics. The cause of The Great Recession can’t simply be quantified to just one person, agency or company. However, in the broad

The high cost of health services is caused by most hospitals charging high fees to their patients mostly because there is low number of qualified doctors. This is because most medical schools require one

The first few chapters of the book provides the readers an assessment on how financially responsible they are, and the common obstacles that might hinder them in achieving

When reviewing the American Bankruptcy Institutes website I was researching the total number of bankruptcies in 2012, the total number of non-bankruptcies in 2012, and the total number of business bankruptcies in 2012. My findings concluded that the total number of bankruptcies in 2012 which consists of business and non-business fillings which includes the states and D.C. was 1,232,294 (ABI, 2013). The total number of non-business filings in the states and D.C. in 2012 was 1,232,294. The report shows that there were 811,789 non-business Chapter 7 filings and 352,553 non business Chapter 13 filings in 2012 (ABI, 2013).

Health expenditure1 results when funds are spent on health goods and health care service delivery and this can either by borne by government or non-government bodies such as private health insurers and even individual citizens.

Every intelligible person knows education comes with a price tag. That price may be time, frustration, persistence or passion, but that price should never be unrealistic. Graduating high school, so many students foresee their life with boundless potential. They imagine their life with endless possibilities, and a great majority of students strive their high school years in hopes of joining a college. Sadly, for countless students, they remain financially unable to receive the education they need. I propose that you consider Bernie Sander’s introduced bill “College for All Act”. You have recognized the crippling debt that affects young students, and even launched a plan making low interest rate grants and loans available. You’ve

Some reasons for the high cost of health care are technology, administrative costs, unnecessary care, and patient complexity. Technology plays an important role in the increasing health care costs, because it gets more and more expensive as new drugs, procedures and equipment are created. Administrative costs, which include paying physicians, hospital bills, enrollment, marketing, and determining eligibility, also

“Bankruptcy doesn’t discriminate: in 2001, almost one in five Americans from ages 18 to 24 declared bankruptcy…”(Walsh).

Over the years, the process of declaring bankruptcy has become incredibly simple. Because of this change, the number of people declaring bankruptcy is at an all time high. Today, bankruptcy is a common thing among companies and individuals alike. The American bankruptcy law allows people to avoid paying their debts by offering the debtors a discharge without a harsh consequence. By not having repercussions for their actions, bankruptcy filers often plan future bankruptcies, allowing them to steal even more money from creditors with no punishment. There are 13 different chapters in the bankruptcy system with the principal chapters being 7,11, and 13. You can only file for bankruptcy under these three chapters, the others are there to