This informed and easy-to-follow volume defines and describes debt and default and how they affect the average person and his or her family. Causes and effects of different kinds of debt are explored, as well as the consequences, such as bankruptcy. Other topics that are discussed include the U.S. national debt debate, paying off interest, the debt ceiling, government shutdowns, and the European debt crisis. The economic crises confronting U.S. states and cities are also examined, along with the effects on emergency and essential services and education. Students learn about the emotional and physical tolls debt and bankruptcy can take on families. Readers also investigate ways to attack the symptoms of debt, reset priorities, learn about financial planning, and help to positively influence their family and community's futures.Critics have called for even greater financial penalties for the banking and mortgage industries and even jail time for some ... review their obligations when they take out school loans, apply for credit cards, and even sign up for bank accounts.
|Title||:||How Debt and Default Affect You|
|Publisher||:||The Rosen Publishing Group - 2012-12-15|