Many young Americans have a large amount of debt even before they begin working. Millennials -- people between 18 and 35 -- are worried about paying their student loans, so many of them are not using credit cards. Some experts believe this trend may have a long-term effect on the economy. Stefanie O’Connell graduated from New York University with a degree in drama and a large amount of debt. There were not many jobs for someone with her education. So she became cautious about how she spent her money. That behavior caused her to begin a new career as a financial expert. She writes a blog about wealth management. It has helped her to learn that many millennials share her situation. They’re very wary of spending beyond their means. They’re wary of tools like credit cards. They’re wary of taking any kind of risk -- even if it is a smart risk, like investing.
Title: American Millennials are Cautious About Spending
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/millennials_spending.m4a' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='American Millennials are Cautious About Spending' data-article-id='1839'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='9083'>Many young Americans have a large amount of debt even before they begin working. </span> <span data-start-time='9083' data-end-time='24271'>Millennials -- people between 18 and 35 -- are worried about paying their student loans, so many of them are not using credit cards.</span> <span data-start-time='24271' data-end-time='32563'>Some experts believe this trend may have a long-term effect on the economy.</span> <span data-start-time='32563' data-end-time='44438'>Stefanie O’Connell graduated from New York University with a degree in drama and a large amount of debt.</span> <span data-start-time='44438' data-end-time='50250'>There were not many jobs for someone with her education.</span> <span data-start-time='50250' data-end-time='56417'>So she became cautious about how she spent her money.</span> <span data-start-time='56417' data-end-time='63979'>That behavior caused her to begin a new career as a financial expert.</span> <span data-start-time='63979' data-end-time='68958'>She writes a blog about wealth management.</span> <span data-start-time='68958' data-end-time='75521'>It has helped her to learn that many millennials share her situation.</span> <span data-start-time='75521' data-end-time='79479'>They’re very wary of spending beyond their means.</span> <span data-start-time='79479' data-end-time='82917'>They’re wary of tools like credit cards.</span> <span data-start-time='82917' data-end-time='90542'>They’re wary of taking any kind of risk -- even if it is a smart risk, like investing.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/1353/millennials_spending.jpg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=7093 data-hint-location='63979' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/what_does_blog_mean.m4a'>What does blog mean?</div><div class='choices' data-correct-choice='a website in which people write their opinions, experiences or activities'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/an_electronic_encyclopedia.m4a'><span>an electronic encyclopedia</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/a_website_where_you_can_talk_to_your_friends.m4a'><span>a website where you can talk to your friends</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/a_website_in_which_people_write_their_opinions_experiences_or_activities.m4a'><span>a website in which people write their opinions, experiences or activities</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/a_website_where_you_can_watch_videos.m4a'><span>a website where you can watch videos</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=7094 data-hint-location='9083' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/what_are_millennials_worried_about_paying_off.m4a'>What are millennials worried about paying off?</div><div class='choices' data-correct-choice='student loans'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/government_funds.m4a'><span>government funds</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/student_loans.m4a'><span>student loans</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/electric_bills.m4a'><span>electric bills</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/taxes.m4a'><span>taxes</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=7095 data-hint-location='0' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/many_young_americans_have_a_large_amount_of__blank__even_before_they_begin_working_.m4a'>Many young Americans have a large amount of <span class='blank'>debt</span> even before they begin working. </div><div class='choices' data-correct-choice='debt'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/debt.m4a'><span>debt</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/knowledge.m4a'><span>knowledge</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/friends.m4a'><span>friends</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/1353/money.m4a'><span>money</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button class='speak-button'></button></div></div></div>
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