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Young Adults Finding Themselves in Debt

January 23, 2006

These days, more and more young adults are getting themselves into debt. The simple reason these young debtors get into financial trouble is because they are spending more than they can make.

These new breed of young debtors are finding themselves having to spend more to compete with the growing number of wealthy young entrepreneurs.

The main problem these debtors face is the lack of understanding money management and how it can impact their chances of getting into debt.

The truth is that the average American owes more than $8,000 in credit card debts. How do you figure these individuals will get out of debt?

Most of these credit card wielding debtors will likely carry these debts to their grave.

Are you one of those debtors that have reached the $8,000 debt mark? If not, you may be one of the few lucky individuals who can be saved from debt. We have compiled below a list of resources to help you eliminate credit card debt.


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