|| Print ||
|On the Scene|
|Tuesday, April 13, 2010|
BY KEVIN MANAHAN
When you think of what’s on the minds of most high school students these days, managing finances is probably not as high up on the list as the new car they’re dreaming of or the dress they’re buying for prom. But maybe it ought to be, since only 59% of young adults pay their bills on time, while most parents aren’t teaching their kids about saving and investing for retirement.
But there are plenty of traps young people can fall into. McKernan said new college students get inundated with credit card offers and can quickly fall into debt, although he said legislation is now helping keep the flood of offers under control. “Some of that is going to go away,” McKernan said. “But we would see kids leaving college with a huge amount of credit card debt that is just unbelievably hard to get out of.” In addition, he adds, many young people need to be more educated about the impact of credit in general. “I don’t think a lot of kids realize that their credit history can affect a whole lot more than just their loan rates,” he said.
Kevin Manahan is the online editor for Oregon Business.
|A Complex Portrait: Immigration, Jobs and the Economy|
|Woman of Steel|
|Kill the Meeting|
|What I'm Reading|
|Microsoft lays off 3,000 more workers|
|Xiaomi aims to be the world's most valuable private tech firm|
|U.S. economy grew in Q3|
|Apple CEO: 'I'm proud to be gay'|
|Facebook vows aggressive spending|
|Apple Pay faces challenges|
|YouTube considering paid subscriptions|
Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
Rotary’s Oregon Ethics in Business aims to raise consciousness about business ethics by honoring exceptional companies.
Barran Liebman’s annual employment law seminar is an industry classic.
Business leaders descend on Portland in December for the region’s largest environmental conference and trade show.
More than 400 "Change Makers" will gather to invest in a socially sustainable community.