Money In America

Credit card debt is one of this nation’s leading internal problems. When credit was first introduced, and up until around the late 1970’s, the standards for getting a credit card were very high. The bar got lowered and lowered to where, eventually, an 18 year-old college student with almost no income and nothing to base a credit score on previously could obtain a credit card (much like myself). The national credit card debt for families residing in the United States alone is in the trillions (Maxed Out). The average American family has around $9,000 in debt, and pays around $1,3000 a year on interest payments (Maxed Out). Many people have the concern today that these interest rates and fees are skyrocketing; and many do not

The first dimension of housing is the material dimension. This dimension is about the physical structure of the house and includes things such as if it is big enough for the people living in it and whether it is disrepair. Many researchers have argued that having a decent, safe and healthy house is necessary to one’s well-being and stability, whereas inadequate housing leads to excessive mental

The current value that America holds on to the closest is individualism. According to a study conducted by Pew Global, “nearly six-in-ten (58%) Americans believe it is more important for everyone to be free to pursue their life’s goals without interference from the state” (“The American-Western European”, 21). This number is quite high compared to other countries, such as Britain with 38% and Germany with 26%, and attributes to our nation’s ideology. America was founded to be independent and free from a controlling monarchy. The first settlers left Britain due to a lack of freedom to practice their ideals that were not considered “acceptable” and were often persecuted for their religious beliefs. Erik Khzmalyan claims that “the settlers

A dwelling maintains the characteristics of homeyness when it is characterized as a place that is comfortable, welcoming, accommodating, or even warm. A homey environment is not uniform or consistent. Its interiors may consist of varying warm colors; some parts may even have exposed brick or stone. Mnemonic objects such as photos or mementos from past trips attach fond memories to the home. A home is also diminutive. Its proportions are easily managed by its occupants.

Before the causes and resolutions are discussed, debt must be understood. Terry Herman, a financial advisor for Edward Jones, expresses this definition: “Simply put, debt is a product bought or a service utilized that you still have a financial obligation to” (Herman). To further that definition, debt is the borrowing of money with the entitlement of repayment with interest; this explains the financial obligation Herman expressed. While family members and friends may not enforce interest, interest would not demean the situation. The current consumer-driven culture has significantly increased the amount of personal debt from decades ago. A chart derived from statistics collected by the Federal Reserve and Bureau of Labor Statistics displays the climb of debt from $1,186 per person in 1948 to $10,168 in 2010 (Indiviglio). As shown, the increase over 62 years is approaching a factor by the multiple of nine. Consumers are clearly spending irresponsibly, which Herman manipulated into the “complete difference between an investment and expenditure” (Herman). An investment is something expected to obtain an additional value while an expenditure is unnecessary spending. Thus, consumers must be acquiring expenditures more frequently than investments.

After the Revolutionary war ended the need for money in the United States was great. This made the idea of a coinage act an idea of great importance, the only problem was the national leaders had to decide if a coinage act was the best way to establish sovereignty across the nation. Even though throughout the years there were several coin acts such as: the Washington coin with President Washington’s picture on each coin made between 1783-1792 and the Nova Constellantio created by Robert Morris in 1783, none of these were in fact passed by congress but they were able to help with the other coinage act that did pass congress.

After carefully reading the essay by John Verdant entitled, "The Ables vs. the Binges", I was able to develop a sense of shared vision through the depiction of two families having the same income with very different behaviors and spending habits. Many of us have agreed that habits die hard and an extensive amount of time is required before individuals will see the error of their ways. In this particular case, the author makes a thorough comparison between the Binge family and the Able family. According to Verdant's statement, "The Able family maintains a "wish list" of things that they decide they need in their home. Often the items on the list are crossed off as a substitute is found or a different way of doing things is discovered..."(Verdant,

Movies and Television show that many Americans are rich and wealthy. However in reality, more than fifty percent of Americans are struggling to pay bills, food, and clothing needs. Many Hispanic’s are on food stamps and government money to support themselves and their families. There are many people on welfare as well. Recent study that was performed by the Vacant House Association shows that there are multiple vacant houses due to not having enough money to pay the mortgage.

It is true that debt bogs most of us down but now there are many smart ways of managing your credit card debt in a way that it cannot get the better of

Some people may argue that the influx of higher education is a good thing. More people are becoming knowledgeable, they are able to make informed decisions, and the country will be regarded higher than others. In regards to those and the fact that we are fulfilling the definition of a knowledge society, yes,the influx of higher education is a good thing. But in regards to learning communities and how they operate, no, the influx of higher education is not necessarily a good thing. More learning communities are formed daily(good thing) but with this comes more stress and pressure on the boundaries of all learning communities. If the community is pulled in too many directions it can be disastrous.

The history of money fascinating commencing with cattle to cowrie shells, metal bronze/copper coins, and leather banknotes of white deerskin with colorful borders. Furthermore; North Americans wampum color of beads evolved into gold, paper money, and electronic transaction in our digital age. The value of trade involved and considered a token of honor in a particular transaction. The root of money therefore is a tool that allows us to trade with one another, your goods for mine, your efforts of mine are the keystone of civilization. Such is the nature of achievement to bring the value of something incredible born unarmed, having his/her brain as the only weapon. Man/woman cannot survive except through his/her mind, and his/her work was

The famous Rolling Stones song, you can’t always get what you want states, “You can't always get what you want, but if you try sometimes you find, you get what you need.” The overall message is that sometimes people do not question themselves: “Is it a need,” or “is it a want?” With many people in today’s society looking for the newest and most outstanding thing in the market, it is very hard to show the fact that people may not need everything that they have or desire. Through a wide variety of selections, the textbook Interface English, edited by Joan Green, demonstrates the effect human nature has on people’s choices of products. Through these texts, the reader is confronted to investigate the answer to the main question: “What’s behind

Instead of living within their means, on a budget, or going without, most people apply for loans or use credit cards to obtain the things that they cannot afford, rather than saving enough money to buy whatever it is that they want. Unfortunately, many people who have chosen to live this way have ended up in financial ruin, and some have even had to file for bankruptcy and request government assistance. Surely, this is what Emerson meant when he said, "A man in debt is so far a slave." After all, if a person is in debt, he owes something to someone and must work to repay that debt, no matter how long it takes and will not have financial freedom until he has repaid all of his debt. Clearly, society as a whole would benefit tremendously by learning to exercise some restraint when it comes to its finances and free themselves from this

“America, the great and powerful”, used to be the top country in the world in all categories. Known as the land of opportunity, people from all over the world would flock to the borders of our great nation and beg for admittance. Over the years, which was known once as great is now known as unemployed, and what was once powerful is now trillion dollars in debt. So the question is what changed? The problem is simple but the answer is complex. Americans began out-sourcing for goods after the men returned home from WWII, and now all these goods and products that we buy and see in stores are not what we call ‘made in America’. In order for the U.S to return to the

Some people may feel that wealth is not evenly distributed across segments of American society. It may not be fair and in some cases it is, but at the same time many people work harder than other people to get to where they are. So is it fair for them to be just as wealthy as someone who does nothing? Also, if wealth was distributed evenly there would probably be less jobs available and less people willing to do those lesser paying jobs because everyone would be on the same level. With more jobs available it gives people more opportunities and provides more resources for us Americans. Also, while people that are wealthier seem to have an easier life many of these people donate to charities and try to help the less fortunate. Another way