New Market for Debt Councling for Youth

So the economy is still a bit finicky and jobs are hard to come by but here's an interesting advertising kick I found this weekend from a law firm specializing in consumer debt renegotiation for young people who are suffering from the high youth unemployment rate, school debt, and credit card debt.

"Even as they struggle to find jobs, many Millennials are burdened with educational and credit card debt. According to the Pew study, 2008 graduates left school with an average of 24 percent more debt than 2004 graduates -- and nearly double the average of 1996 grads."

They continue to quote the average Millennial carries "more than three credit cards and that a fifth maintain a balance of over $10,000."

So all those Sallie Mae people who are upset about the student loan sharks being shifted to the the warmer and fuzzier Federal Direct Loan program, they can now have other options to hassle young people about debt consolidation.