'Be Richer' By Learning From Parents' Mistakes

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After watching his parents struggle with their finances growing up, 23-year-old Zac Bissonnette has learned a great deal about how not to manage his money.

On the heels of President Obama’s signing of a measure keeping federally subsidized student loans at a relatively low rate through 2015, Rolling Stone's Matt Taibbi exposes how the high price of U.S. college tuition and the federal expansion of student debt to pay for it pose a major threat to the economy. In his new article, Taibbi writes: "The dirty secret of American higher education is that student-loan interest rates are almost irrelevant.

A recent report by the New York Federal Reserve Bank shed a sobering light on how much debt Americans will carry with them into the new year. 

Beyond career choices and living arrangements, young adults say their student loan debt affects another key part of life: dating and marriage. Some have had partners break up over debt; other couples forge ahead, but keep finances separate and avoid legal marriage.» E-Mail This     » Add to Del.icio.us

Consumers Not Ready to Borrow Again Ben Bernanke is trying like mad to stimulate credit and lending but to no avail. It's an uphill debt because of demographics, student debt, and lack of jobs. Citing falling debt-service needs, some economists think consumers may be ready to go on a borrowing. They are badly mistaken.