MTV True Life: I’m in Debt
MTV used to primarily focus on music videos, they now have MTV2 for that, instead the focus has been mostly reality shows. This particular show called True Life follows young adults with the real world sitautions, those phases we go through transitioning out from under our parents. The episode titled “I’m in Debt” first aired about a month ago, if you happen to catch it.
The show highlighted three young women and their struggle to deal with debt with very minimal income:
- Amy (22) has $14,000 in credit card debt and employement is on and off. Debt collectors calling her daily and yet she still spends about half of her small paycheck on tanning and shopping.
- Daniel (25) has a $900/month mortgage payment, thousands in credit card debt and struggling between jobs.
- Ashley (21) has $20,000 in credit card debt. Her debts have forced her to move back home with her parents and must decide to do a debt management plan or even consider bankruptcy.
A lot of people in their 20s have stacked up credit card debt they regret, these are from what I feel are extreme cases. This would be a good thing for teens who are trying to obtain a credit card and build credit history to watch what that credit card the potential to do if they let it. Some lessons in life need to be experienced while others can hopefully be avoided.
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