Hi friends – I hope you are all hanging in there with this depressing economic news.
One word of caution (hope?) for all of us – remember it’s in the interest of the media to make the economic “crisis” as bad as possible. Consider everything from the coming bird flu pandemic (didn’t happen) to the shortage of the flue vaccine a few years ago (when people who’d never gotten one in their life suddenly thought if they didn’t get it that year they would die) and on it goes. I don’t for a minute suggest we aren’t entering a period of very serious financial difficulty in our economy, just that we should remember the media spin is always to boost their own bottom line with high ratings by making the bad into the worst.
Anyway, speaking of debt, the next frontier to consider? Our kids! It was “easy” to let them start their adult lives thousands, even tens of thousands in debt, in good economic times. Things are different now. We need to be aware of how to help our almost grown and grown children before they get crushed by a lifetime of paying back loans.
Here’s a good column in today’s WSJ about this very issue:
Thanks for stopping by.
Betsy
P.S. – for those of you experiencing difficulty downloading the radio show, it should be cleared up now. There are two different buttons for you to access – you can listen to shows in the window via a sliding bar, or download it into another window, and listen to it that way. Sunday’s show should be up late today (we’re having some technical problems with that one.) I hope you’ll listen to it if you couldn’t catch it on Sunday.
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