This year, the rate of foreclosure has increased from a problem into a crisis, and it is of increasing importance that the problem be solved. More and more Americans are loosing their homes as unemployment rates rise and it gets harder to pay the bills. High foreclosure rates cause homelessness to rise and banks to struggle. Since home loans are secure in the fact that if payments are not made, the bank can take the house, also called foreclosing it, the bank is less at risk. The problem with this system is that when the housing market is down, the banks cannot sell the house, and lose money in the deal. When banks lose too much money, they are either bought out, bailed out, forced to fire employees, or close down completely.
As a result of the current economic situation, foreclosure is leading to banks going bankrupt; when the economy is doing better, foreclosure is less of an issue. This is because people have the money to pay their house bill when they have steady jobs with decent hours. This is not to say that the economy causes foreclosure, it just leads to it when people make irresponsible choices. During times of prosperity, many Americans buy more new stuff they do not need than they do in rough times.
When thousands of Americans buy new, they use credit cards and other loans, an unwise decision. If more people only bought what they could pay for in cash, excluding homes and student loans, and saved instead, in bad times they would have the money to keep their homes and buy food without problem. Instead, people often figure they can just make minimum payments on their loans and spend the extra on extravagances. When their incomes decrease, they are proved wrong. Among the results of these decisions is foreclosure.
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...to be fired before those with the better education. As well as being better trained for their jobs, people with a college education have an easier time switching careers if their place of employment goes under.
The foreclosure crisis was not caused by one person, and alone one person cannot solve it. To minimize foreclosure, people need to work together and everyone must do their part. The government should cut down on wasteful spending, as should individuals. Just because the economy is down, does not mean people should let it bring them down with it. The citizens of United States must work together to protect themselves and help each other by avoiding irresponsible spending which leads to foreclosure, among other consequences. Foreclosure, in turn, harms the banks and those who use and operate them. Together we can solve the crisis, divided we fall victim to it.
...truth. today’s job market is fiercely competitive. With unemployment at an all time high, it is near impossible for one to find a job with or without a college degree. Hundreds of layoffs and fewer openings can really make it hard on those who have just graduated and are trying to find a career. Just because you have a college education does not guarantee a job, or job security. It just makes you a better candidate.
The real problem, according to Bruni, is that a college education is now far less likely to result in gainful employment. While statistics suggest that the rate of unemployment for college graduates is far better than for those with only a high school education, Bruni argues that these statistics
A college Degree used to be an extraordinary accolade but now its just another thing that we need in order to be successful, at this points its nothing more than a paperweight to some. Mike Rose states, “Intelligence is closely associated with formal education—the type of schooling a person has, how much and how long—and most people seem to move comfortably from that notion to a belief that work requiring less schooling requires less intelligence” (Mike Rose 276). In other words the author of Blue-Collar Brilliance, Mike Rose, believes that blue-collar jobs require intelligence as well. I agree that those who work blue-collar jobs need to be intelligent, a point that needs emphasizing since so many people believe that those who work blue-collar jobs aren't intelligent and that why they have them. Although I also believe that
Unemployment is on the rise and, always trying to be avoided. By obtaining a degree, the chance of being out of work is reduced. Baum, Ma, & Payea (2013) claim, “The 2012 unemployment rates for 25- to 34-year-olds were 9.6% for those with some college but no degree and 7.2% for those with associate degrees” (p.20). With just an associate's degree, the chance of being unemployed plummets 2.4% compared to those compared to little college, proving when the higher of a degree is obtained, the lower
In “Are Too Many People Going To College” by Charles Murray, he makes this point. By the time someone has finished college, what they have learned has become irrelevant, and the point of getting the degree is to just show that you have one. He states, “Employers do not value what the student learned, just that the student has a degree” (233). This point is very well made, and is carried throughout his article.
If more people went to college, and less went the vocational route, jobs will take a momentous hit. Today, companies will not even touch an application that does not include a Bachelor’s Degree; even if the Bachelor’s Degree has nothing to do with the job being applied for. Attention is not given to whether the hopeful applicant qualifies for the job; all that matters is that the applicant has a Bachelor’s degree. Murray best sums up the American job market when he says, “Employers do not value what the student learned, just that the student has a degree” (Murray). However, if less people obtain a Bachelor’s Degree, employers will be forced to base applicants on their skills, and abilities. Furthermore, important vocational jobs that lie vacant will be filled. Good electricians, carpenters, and construction workers will always be in
The frequency of foreclosure in our nation today is dangerously high. The strain from the recent economic downturn has put many families and individuals in a financial chokehold preventing them from being able to make their monthly mortgage payments. Consequently, many of these people feel they’ve punched a one-way ticket to foreclosure. With all these homes being foreclosed on, we face a very real crisis.
Contrary to popular belief, a college education can help with any job, regardless of whether the job is within a certain major or not. In fact, a college graduate even benefits if they take up a job as a plumber or a police officer- not only from their academic education, but also from learning important skills such as persistence and discipline (Leonhardt). Having a college experience and exposure to the world creates well- rounded people with higher skills and work ethics- and therefore better workers. Though they aren’t immune to being turned down, college graduates are more likely to actually get jobs, and be paid more for them, as shown in a study d...
College is the place where people go to retain the necessary training for a job that requires specific skills, which results in earning a higher pay check. In today’s world, employers are scouting out for individuals with the proper dexterities to fill the shoes for that specific job. Blanche D. Blank, the author of “A Question of Degree," argues that possessing a degree of higher education isn’t the only way to have a very successful life. This statement is highly argumentative, due to the fact that college graduates still out-earn people without degrees. Obtaining a college degree is one of the best things someone can do for themselves, when it comes to looking for a stable job. There is also so much more to college than just receiving a
In his opinion, following this process would allow only the more intelligent or ambitious of students into college, therefore assuring a competent post-graduation workforce. Would severely limiting admission achieve the steep goals the author believes it will? Mr. Henry states that in order for the job market to sustain ample job opportunities for university graduates, those chosen should meet strict educational standards early in the education process. Without these measures, he believes, the American education system will continue to degrade as everyone becomes equal, with none terrible and more importantly, none great. Mr. Henry asserts his belief that in a watered down workplace, complacency is only eclipsed by averageness.
Foreclosure in America has been a rising and prominent problem recently, and has destroyed many Americans hopes and dreams. Over 2.3 million homes were foreclosed in 2008, and an estimated four million homes will be foreclosed by the end of this year. Despite the efforts of many banks and lending companies, over half of homes will foreclose that have received their help. I believe that we have only started in the right direction in solving the foreclosure crisis. Giving money and lowering mortgage rates will help, but I believe we should find out why Americans are in this situation in the first place. We are being too stereotypical when we think the only reason someone is foreclosing is because of irresponsible payments or buying a home out of a person’s capabilities to pay for it. If we understand their situation, we will be better enabled to help and solve their crisis.
...ch makes perfect sense is that jobs with high paying salaries and jobs like a teacher, dentist, nurse, or lawyer all require you to have a college education.
When coming into terms with what a college degree means is simply a certification. In basic terms, a degree is simply a piece of paper certifying you met a certain level of scholastic achievement, but what happens in the class room doesn’t always translate into the real world. College degrees don’t always guarantee a good salary or guarantee a job. There are many high paying degrees, but for every high paying degree, there are two low paying degrees. There are also degrees that have a limited market. Simply having a college degree doesn’t guarantee one will get the job, nor should it. Employees need to bring skills to the table, as well as the ability to continue learning, growing, and providing value for their employer(s). I am not saying people who choose low paying degrees aren’t successful, not even. Many people choose degrees based on what makes them content,...
Individuals who has a college level education are employed at higher rates and with greater consistency. Those people with less than a high school degree are more than three times as likely to be unemployed compared to a bachelor degree recipients.
College graduates have more jobs to choose from. The more years of education one has completed, the more opportunities he or she will have as a potential hire. Some employers would not even consider interviewing a job seeker who has no college education, and many employer...