Is Being Broke "Normal"?

Here is an article that asks the question, "Is being broke normal?" http://www.bankrate.com/msn/news/Financial_Literacy/debt_management/Dave_Ramsey_on_debt_a1.asp?caret=87e.

The author of this commentary makes some good points about our nation being saturated in debt. By the time students graduate high school they're already in debts and it doesn't get better from there. Our generation is being set up to continue the revolving door of debt. But what will come of a generation of debt?

If we don't stop our continuingly growing debt we will create an unstable economic environment. Overspending will lead to a loss of usable principle.

To stop this cycle we need to start doing a better job of 1) budgetting, 2) establishing our needs, and 3) develop better strategies to get out of debt. If we as a generation can do better at managing money then we should have a better economic market and we "better off" overall.

Will the cost of college get even higher?

When logging on today a story popped up about college students in Illinois holding a memorial for their fallen students and proffesor. I didn't read the story but it did make me think about something. I'm wondering if all the sudden violence in college campuses will cause tuition to get even higher so that campuses can pay for more security measures? We all know that after Columbine happened, all high schools went on high alert and security measures were increased. Now, with more "exciting" happenings in college campuses one has to wonder will the cost of tuition increase to "make us safer"? We all know that college is already outragiously expensive (we've all looked into the costs) and with the need for increased security will us students be paying even more? And just in case anyone is wondering, no, I still havn't decided where I'm going next year yet.