It’s the 11th Hour. Could Teens Be the Solution to the Looming National Debt Crisis?

May 22, 2011 - PRLog -- New York, New York – With a deadline and no immediate Plan B in sight, LeTicia Lee, author of the Answer-Key to Avoid Debt Build Credit & Retire Rich believes the solution to  the $14.29 trillion national debt crisis is to focus on reversing our nation’s financial ignorance by focusing on our teens and young adults to get us back on track. Lee believes the Teens Rebound the Economy Initiative [T.R.E.] can help accomplish this and thus ultimately resolve the looming debt crisis.

T.R.E. encourages banks and brokerage firms to think long term and amp up their reach to teens. TRE also wants to inspire parents to put down their iphones and discuss their kids’ retirement plans. That’s right their children’s retirement.  

Medicare and Social Security may not be an option for them. But teens and young adults do have few good things on their side. That is time, compound interest and creativity which often leads to innovation.

Like Mark Zuckerburg’s Facebook, Bill Gates’ Microsoft, and numerous other startups founded by young adults as Starbucks, ebay, Amazon and Dell, Lee hopes T.R.E. will open the door to other great ideas that can positively impact our culture. Some parents will be discussing a long term savings plan with a future president, CEO, Senator, innovator of the next major alternative energy, or other society game changer that is so needed to restore the affluence and meaning of Made in America.

This is a nation that must increase quality exports which includes stable, gifted and prepared young adults.  Quality people and products of value inspire customer loyalty and that equals long term purchase and support of that product.

Americans can also support the nation by literally buying America as in real estate and treasury bonds. Much of American real estate and treasury bonds have been purchased by foreigners during the US economic crisis. People may be surprised to realize that when the economy recovers, a great percentage of America may be owned by non-Americans.

Conscious investing and controlling expenditures is key. Use cash whenever possible.

The last page of The Answer-Key to Avoid Debt Build Credit and Retire Rich is probably the most prolific. It warns teens about wasting their money on “wallet leaches” as porn, drugs, alcohol, cigarettes and unprotected sex. As adults, we know the devastating costs these elements can cost individuals, families, and society as a whole.

T.R.E. does not propose an instant solution. It does offer a long term practical cure for what has become a nasty American habit. Greed. Planning, saving and delayed gratification may sound old fashioned, but it worked for our grandparents who survived the Great Depression. It also inspires young adults to think before they take action and therefore they will be more likely to make better choices.

Between now and July 4, readers can help spread The Teens Rebound Economy Initiative [T.R.E.] and receive a variety of free gifts by going to http://IndieGoGo.com/TRE-Answer-key. The site also makes it possible to sponsor a graduating high school or college class, donate to a teen or youth education program or simply provide a graduation gift. Additional information is available at http://Stores.LuLu.com/SoRichIam.

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The Answer-Key to Avoid Debt, Build Credit & Retire Rich and the Teens Rebound Economy Initiative [T.R.E.] inspires young adults and teens to develop their career plan and long term retirement savings. http://stores.lulu.com/sorichiam