And being unwilling to change is as deadly as being unable to change. That's important to understand. It has to do with young adults. A lot of companies make it easy to obtain credit. More so than ever.
Easy credit combined with a lack of education about how money works is a dangerous combination.
An example of this problem surfaced in a column by Ann Landers. When she turned 18, she received several applications for credit cards and was seduced into signing up. Shortly thereafter, her card was at its limit and so she signed up for another one. And then another. During those three years I spoke to her often about her spending habits, and she promised to do better.