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Money seems to literally make the world go round. It is a part of everything we do. from the food we buy, to our rent, paying utilities, loans including student loans, everything that you own or will own takes money in some form or another. That’s my topic or at least the overview of it. I’m writing about after someone graduates college and starts to pursue their career, they are met with bills. Everyone pretty much does the same thing, we get a bill, we pay it. But there is more to it than just that. When you get out of college every bill seems to hit you all at the same time.

That’s my focus, when all those bills hit at once, you need to know how to create and maintain a budget, but if you have never done anything like that before, where do you start? You need food, but you also have to pay for electricity or else your lights and 99% of your appliances won’t work. Rent needs to be paid, unless you like the fresh air from your refrigerator box. When all of these bills hit, often at the beginning of the month, you just often don’t have enough to cover especially if you also need to pay for child care expenses. That’s what I want to research more about to give to you, I want to give you what other people have gone through starting up right after college, what they had to do in order to be considered self-sufficient.

I will be pulling my research from mostly the internet, because our world has pretty much gone online. News stories, personal stories, blogs, eBooks, and Journals are all going to be part of my research into and why right after college so many graduates struggle with their finances. Some highlights are going to be like how “The highest-income 40 percent of households (those with incomes above $74,000) owe almost 60 percent of the outstanding education debt and make almost three-quarters of the payments. The lowest-income 40 percent of households hold just under 20 percent of the outstanding debt and make only 10 percent of the payments.” https://www.brookings.edu/blog/up-front/2020/10/09/who-owes-the-most-in-student-loans-new-data-from-the-fed

This also reflects not just for student loan payments, but as a whole for other bills also.

Source: Board of Governors of the Federal Reserve System (2017, 2020), Survey of Consumer Finances 2016 and 2019, https://www.federalreserve.gov/econres/scfindex.htm