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ART ONTIVEROS ENGLISH 1301 17484 7:00 – 8:30 TR PROF. HORN

ART ONTIVEROS ENGLISH 1301 17484 7:00 – 8:30 TR PROF. HORN. Why is T his I mportant to Me?.

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ART ONTIVEROS ENGLISH 1301 17484 7:00 – 8:30 TR PROF. HORN

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  1. ART ONTIVEROSENGLISH 1301 174847:00 – 8:30 TRPROF. HORN

  2. Why is This Important to Me? • Generation Debt is important to me because it made me aware of the importance of Social Security reform. For example, Social Security benefits affect unborn generations with higher taxes and higher debt payments. As a result, there is a chance the Social Security program will simply collapse because of the added debt. After reading this book, I have realized the necessity of investing income to save for retirement. WE MUST REFORM

  3. My Opinion … • I strongly agree and can relate to the numerous experiences Generation Debt references. For example, I am currently a college student, employed, over 24, unmarried, and have yet to save any money towardretirement.

  4. Overview of the Book • Anya Kamenetz emphasizes the economic crisis and its effects on the nation’s financial future by elaborating on the importance of making financial plans, cutting down unnecessary expenses, saving towards retirement, and obtaining health insurance.

  5. Major Points From My Book Report • Credit Card Debt • Annual percentage rates of 20-30% • Youth 18-24 are more likely to hold minimum wage jobs • Rising Cost of Education • Lower state funding • Added expenses due to technology • Increase in Taxes • National Debt • Social Security

  6. THE END

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