61 percent of debt-laden parents struggle to provide for children

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  • SLC gal Salt Lake City, UT
    Sept. 10, 2012 6:54 a.m.

    It starts with college. I can't help but wonder though, how many of those that claim they struggle have cable TV, the newest IPhone, etc...

  • sally Kearns, UT
    Sept. 6, 2012 10:12 a.m.

    I see the debt issue with college loans. Many times the employment does not cover all the basics plus pay the loans. Not everyone starts out with the $60,000 plus pay that was advertized in the brochure. Married students attend college on government help, become accustomed to food stamps, WIC, housing subsidies, Pell grants, loans, etc. Then, they may purchase a home after college, only to find out they don't have any more usable money than they had while in college. Lifestyle really has not improved. The trouble starts when they think with a degree all will be rosy, then when it isn't, the bills come due for the furniture, schools loans, house repairs, medical, credit cards for the entertainment such as Disneyland. Making up for all those days living in poverty in college. We have watched this cycle with our own children. They beg us for the necessities such as shoes for their children. Do they go without Disneyland? No. They spend all the money they receive off their tax return for entertainment, rather than pay off debt. We hope they learn soon to prioritize debt payment.

  • K Mchenry, IL
    Sept. 6, 2012 6:10 a.m.

    The consequence of debt is you don't have enough to meet regular expenses with the additional burden of interest. The reason for acquiring debt in the first place, you don't have enough to meet expenses.

    Can't squeeze blood from a turnip. If they don't make the car payment they will repossess the car and then they can't get to work and then they will be hungry. I am sure these parents shuffle the bills and get creative. Still would mark time it's tough provide for basic needs. Still may have to frequent the local food bank.

  • luv2organize Gainesville, VA
    Sept. 5, 2012 4:44 p.m.

    Feed your children before paying the debt then start little by little to pay things off. Don't be bullied by collectors. Cut up all credit cards and don't walk into the payday loan vampires as said by Mark B. Also, just a side bar. I'm not sure most American's really know what poverty can be. Try living in South America where there is no such thing as welfare or any sort of soup kitchen. You work or you don't eat.

  • Mark B Eureka, CA
    Sept. 5, 2012 3:47 p.m.

    Somewhere along the line Ted became a bitter, bitter person, and he wants everyone else to be bitter, too. It could be worse, my friend. At least we didn't get lied into a new war/occupation. And the article, BTW, is meant to simply tell people to stay out of debt. Let's start by closing down the "payday loan" vampires.

  • Liberal Ted Salt Lake City, UT
    Sept. 5, 2012 2:40 p.m.

    But our president keeps telling us things could be worse without him. Thank goodness for his leadership! Remember how much worse the economy would have been, if he didn't give away $3 Trillion to other nations? Remember how much worse we would be if he didn't allow more illegals to come here. Remember how much worse off we would be without michelles organic garden at the white house. Remember how much worse off we would be without 3 new buses for the president (made in canada). Remember how much worse off we would be if he didn't take over banks, auto industry, stopped drilling, apologize for America's greatness and exceptionalism. Remember how much worse off we would be if he showed his birth certificate or college transcripts or stopped dividing the nation. Remember we would be worse off if he didn't slander successful people and give the go ahead to the doj to prosecute anyone that didn't look like him.