Debts
If you are a young man who is burdened with debts, or parent of a young person in debt, you can begin to reverse your situation today!
The debt has become like the black plague of modern times, as the economy slowly eats away at families and not allow them to thrive in the material. What is surprising is how this disease also affects more than one third of the younger population.
According to a survey conducted in Chile by the National Youth Institute (INJU), 1,237,191 young people between 15 and 29 have some level of debt in our country, equivalent to 33.18%.
In this alarming number must be added the fact that 72% of young indebted use financial instruments including credit cards stores, which are known for their higher interest rates, occupy almost 70% of use.
The document submitted by the INJU quote:
Despite its status as youthful and meager sources of income, financial institutions have defined young people as customers, getting to market their products in almost half of the young population (48.4%).
The first reaction that cause these numbers is astonishment unpublished financial institutions, which apparently no limits to offer their products and are geared to college students to have, in the near future, a percentage of customers called “young professionals.”
However, blaming the financial institutions by the state of the sluggishness of our young people is like trying to blame the weed seed by a mismatch.
The youth debt goes far beyond the lack of ethics of financial institutions. The underlying problem is poor financial education of these youths.