A Fate Worse than Wealth?

Spotted a striking juxtaposition in the print edition of the Times the other day. Right next to an article on Teaching Values to Children of Wealth ran a report on Students Buried in Debt. The median debt run up by students who borrow to attend private colleges exceeds $20,000. Some owe more than $40,000. One young woman profiled by the Times carries a student-loan load of $97,000. Presumably, she could tell those children of wealth something about the value of a dollar.

Now there's an idea – she might pay down her debt by going to work as a life coach at one of those organizations capitalizing on the trend to "teaching values."

US Trust, for instance. That unit of BofA now offers not wealth management but Worth Management.

Related post: What Children of Wealth Should Know.