Many manufacturing jobs lost in the recession aren't coming back. In their place: new high tech jobs forcing workers to be more highly skilled than ever. It's the new wave in manufacturing coming to play more than ever in the recovering economy. It's the new face of the blue collar worker: part blue collar, part white collar.
I've heard it said that debt is not the problem but rather the symptom. Overspending and under-saving is usually the real problem. I'm convinced that debt consolidation can work, but it must be accompanied with a mindset change. Sure you can find a company willing to give you one big loan that will pay off all your smaller high interest rate loans, but can you make that one payment? Have you changed your spending habits? Are you actually saving some money now for the "inevitable emergency?"
Debt consolidation can seem appealing because there is a lower interest rate on some of your debt, thus a lower payment. You have to watch out for the old "shell game" that many consolidation companies play. Often instead of giving you a lower consolidated rate, many companies just extend the time you have to repay the debt. This method does give you a lower payment, but ultimately keeps you in debt much longer.
The truth is debt consolidation can work if the plan is right, if you are educated about your options and determined to change your money mindset. If none of these things are altered, you are basically throwing your hands up to say, "I can't handle my responsibility, so I give it to you to place a band-aid on my gaping wound in hopes that it will stop the bleeding." Change your mind, change your life.
Look for Clyde Anderson's Home School segments in the 7am ET hour of CNN Saturday Morning with TJ Holmes.
Our :30-Second Pitch is a chance for job seekers to make their case to any employers who are watching. Thursday, Kyra Phillips introduced us to Zina Everett of Warner Robins, Georgia. For the past three-and-a-half years, she has served in the Air National Guard. She's a single mom with two kids… a 15-year-old son and nine-year-old daughter. She has a bachelor's degree in criminal justice from Fort Valley State University. If you’re interested in talking with Zina Everett about a job you can contact her at email@example.com.
You can watch :30 Second Pitch every Thursday during the 10 o'clock hour of CNN Newsroom.
Parents we know you can relate to this… you’ve had that moment while traveling where you are “those people on the plane” because your child crying or misbehaving and everyone gives you an evil stare wondering why you can’t make it stop immediately. Let’s face it things happen and sometimes adults can get out of hand as well. Anyway, police in Phoenix are investigating an incident on a Southwest Airlines flight where a woman allegedly grabbed a 3-year-old boy who was kicking her seat and reportedly said, “You’re not going to be kicking my seat all the way to Las Vegas” and then slammed the boy back down onto his seat. The boy’s mother and other passengers on the plane say the woman was drunk. Police say the boy’s mother is pressing charges. So tell us what you think… what should the woman have done when his little feet touched the back of her seat? T.J. Holmes will read some of your comments on the air during the 10 o’clock hour of CNN Newsroom.