Discuss the results of having debt marketed to adults the same way toys are marketed to children

What will be an ideal response?

Answer:
1. Students and those with little capacity to repay are being given the opportunity to increase debts at will. Many students only need a college ID to obtain a credit card. These cards typically come with all types of free goodies to entice application.
2. People are encouraged to borrow more than they should. Borrowing is becoming part of our culture. In a recent survey of those aged 30 and under, almost 60 percent do not pay off their credit card bills every month. For those over 60, it falls to less than 15 percent.
3. Bankruptcies have reached an all-time high. Debt as a percent of disposable income has nearly doubled over the last 40 years. In 1997 was the first year where over 1 million Americans filed for bankruptcy.