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Financial Security for the Future

When you left college and started working, how much money did you place in your savings account. Were you looking at the bigger picture in life? Trying to save money to open your own business one day, so that you wouldn`t have to be a mere employee in someone elses business? This may have been the case several years ago, but today it seems that the younger generation is just not saving up for the future. A recent survey of MetLife clients and employers found that 40 percent of workers ages 21 to 30 had not begun to save for retirement, and many young adults have little clue how to even begin doing so.

The debt of young people from student loans and credit cards continues to skyrocket, and Mr. Jolley, President of Phoenix, Arizona`s Blue Financial sees this growing trend as very disturbing. Mr. Jolley says, many young people are ill-equipped to handle the pressures of skyrocketing debt. With 40 percent of our young workforce not having a clue regarding savings, or the difference between good and bad debt, the economy could be negatively affected for years to come? Mr. Jolley proposes mandatory fiscal responsibility courses at both the High School and University level.

Mr. Jolley says, schools are supposed to get you ready for the real-life world?. Nothing shocks a young person into real life faster that overwhelming debt and money problems at an early career age. He advocates personal financial self-control, lower consumer debt, decreased spending on credit cards, and achieving better credit scores by eliminating unnecessary expenses.