Debt Consolidation Depot
Debt Consolidation & Financial Information Resource Center
February 12, 2004
GROTON, VT -- And so it begins. While Baby Boomers are preparing to begin
drawing on Social Security and corporate retirement benefits in record
numbers, younger workers are saving less and borrowing more than ever. At
the same time, corporations are already cutting back on pay, benefits and
jobs in attempts to fund a projected 75 million new retirees’ benefits over
the next fifteen years and stay competitive in a changing world economy.
It adds up to a bleak financial future for today’s working middle class. As
interest rates rise, families taking on as much debt as they can handle
right now will soon find themselves paying credit card companies more than
they can afford. Savings will likely dwindle further, and money for
necessities like health insurance and reliable transportation will be even
tighter. Forget the one-income family: many parents will be working more
than one job just to keep the creditors at bay and food on the table.
Those are the grim predictions of personal finance expert Gene Jolley, whose
company, Kingdom Financial Principles, LLC provides tools, training and
information to people trying to rid themselves of debt. But Jolley is
determined to start a grass-roots effort to help educate people on the
dangers of debt and the looming financial crisis younger workers are facing.
“People in their twenties and thirties can no longer depend on having the
same benefits or pay as the Baby Boomers have enjoyed,” Jolley stresses.
“The working poor are so busy living paycheck to paycheck, trying to keep
their heads above water and desperately struggling to keep their families
strong and connected, they don't realize they are just giving away any
future they could have to very greedy creditors. It can all turn around, but
there has to be an awakening in the working middle class before it is too
late.”
To that end, Jolley has launched an all-out attack on the credit industry,
cautioning consumers about the real cost of debt and teaching people from
all walks of life how to budget, pay off debt for good and start saving. His
Web site, www.SoLongBills.com, is full of articles about the problem of
debt, tips on turning the financial tide around, warnings about shady debt
consolidation companies, and personal financial planning how-to’s. Jolley’s
Money Matters newsletter and regular press releases serve as an outreach to
people struggling with debt.
“Not so long ago, I was on the other side of the fence. I know how it feels
to be downsized out of a job and lose your home,” Jolley says. “And I also
know what freedom there is once you stop living above your means. Now I want
to help others do the same thing. The future can hold financial security for
today’s working middle class if they start working toward it now.”
CONTACT:
Gene Jolley
Kingdom Financial Principles, LLC
877-341-3586
gene@solongbills.com
http://www.solongbills.com
© 2004 DebtConslidationDepot.com