In the 1950s, debt was unheard of. Credit cards were not in earth and most plurality believed that if you did not have the money to redeem for it, either you bartered for it, or you simply did not buy it. directly, 50 years later, debt is at an each(prenominal) time high. More people filed bankruptcy in 2005 than the entire decade of the 1990s combined. overdue to increased demand for credit cards, consumer debt is the cancer in our pecuniary society. The available income is decreasing, so the supply is very low. The demand for more than than arbitrary income is greater than it ever has been and the price for assistance has continuously been very high, until Primerica Financial Services came into existence. This company provides an opportunity to hit supply, fulfill demand, and the price is right; it is complimentary.
An article in victory from Home magazine (July 2005) states that many of today?s touristy personal finance concepts have actually been Primerica?s mainstays for 30 years. Pay Yourself First, Dollar represent Averaging, The Rule of 72, The High Cost of Waiting, and Buy endpoint and Invest the Difference ? these are all fundamental financial concepts that Primerica Representatives have shared with their clients since its inception in 1977.
The founders of the company began a crusade to help middle-income families with the Buy Term and Invest the Difference philosophy. That philosophy encouraged families to purchase low-priced term life insurance so they would have more money to invest in their familys future. This creates a supply of discretionary income for families who are in desperate need of it.
Why is there so much demand for Primerica?s financial solutions? Today?s families have financial problems. The Wall Street diary wrote an article in July of 2000 that states household borrowing has risen...
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