Debt is easy - Jobs hard to find

I came across a news article yesterday that paints a pretty troubling picture of the job market for today's college graduates. Even with freshly stamped degrees in their hands, good jobs in their field of study are hard to find.

http://www.msnbc.msn.com/id/19358792/

While it's bad enough not being able to find work, it's also a situation ripe for producing the next generation of indebted young people. We all know just how prolific credit card companies are among today's colleges. You see the offers posted on bulletin boards all over the campus.

The problem is, many of these young kids probably got the cards so they could either survive college or enjoy some spending money, thinking they could just repay the debt once they graduated and got that great job. But here's the kicker. There may be no great job.

Sure, most can find work these days, but landing a high-paying job in a particular field of study will be pretty difficult and may take time. Meanwhile, the lack of work will only compound the already bad situation. You can see where this is going.

If you are a parent of a teen or college student, do what you can to help them understand the dire consequences of debt. The credit card companies do not care how old they are or if they are out of work.

If this describes your situation and you are struggling with finding good paying work, then there could be no better time than the present to stop using the credit cards and do what you can to get them paid off.

Either way you look at it, debt is easy and when jobs are hard to find, it's even easier. But the burden it will leave you with later on will only drive you further into a financial black hole.