Letters: So, junior, this is a checkbook
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Re “Payday loans a ‘revolving door,’” March 25
It is indeed sad that an increasing number of folks are getting stuck in the cycle of payday loans. This problem is not only a symptom of a still anemic economy but also the result of a lack of financial education. Our schools no longer teach the basics of personal finance: how to stay out of credit-card debt, how to create a personal budget, etc.
Bringing this basic information back to our students would eventually result in smarter consumers and a financially healthier population.
Rick Kern
Incline Village, Nev.
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