Subject: Financial Literacy Tool for Students. How do you calculate bankruptcy?

Posted by Delbert Adams on 4/14/2004
In Reply To:Financial Literacy Tool for Students. How do you calculate bankruptcy? Posted by Michael Hillier on 4/13/2004

Message:

Mr. Hillier,

From your query you mention the key drivers of money problems being easy credit, mobile phones and peer pressure.

You could substitute mobile phones with any product; food, drugs, alcohol, television, etc and come up with the same outcome, the system has eroded its processing capacity through gluttony.

The financial debt could be viewed as a quantitative indicator of health of the system. When bankrupt the economic system is no longer sustainable and must start over from scratch.

One approach you might take would be look for models of the addiction cycle and show comparisons between different addictions and the causes of addiction to your students.

Stanton Peele has researched and written on this topic extensively.

Regards

Delbert Adams