g to make one=s own way in the world (Boundy 1993). My Views Being a student, in debt and employed by a company that is threatening managerial layoffs all of the subjects of this paper are near and dear to my heart. Unfortunately, I was not born into wealth, so I can=t prove how well I could handle it. I have a nephew who is going the traditional route of school straight out of high school and a sister who filed for personal bankruptcy last year. All around me are indicators of young people with extremely expensive clothes, cars, computers, cell phones and no jobs. It amazes me that credit is so readily available to all people. There are laws against discrimination for credit, but the credit card companies, in my opinion, should be a little more selective in who they offer credit to. People who have filed for bankruptcy can still get credit cards, probably because the card companies know they can=t file for bankruptcy again for 7 years. Bankruptcy and credit card losses cost all of us money. The card companies make up their money by higher interest rates and charges for services like transferring balances or cash advances. Merchants make up their losses by raising prices. The consumer pays for theft, for breakage and for people who have not paid and been excused from paying by the court. I am with the credit card companies that want to make it harder for people to file for bankruptcy. I think the stigma that used to be attached to filing should be brought back and that society as a whole should not just accept bankruptcy as a way out. Bankruptcy should not be a way of life.I believe that America has become a country that is irresponsible with debt and that somehow people are being rewarded for this irresponsibility. I do not think this is right and I think it is high time something be done about it. Of course, the government is not setting a great example with the deficit as high as it is, but they are bringing it down. ...
