Picks and Pans Review: Dollars and Debts

updated 08/26/1991 at 01:00 AM EDT

originally published 08/26/1991 01:00AM

The Family Channel (Sat., Aug. 24, 10 P.M. ET)

B+

According to this disturbing documentary, personal bankruptcy filings are spiraling, and the average U.S. household debt amounts to 94 percent of annual after-tax income. Ouch.

In this special, Scott Ross reports on poor fiscal management, uninformed consumerism and runaway credit-card spending. The program includes bruised testimony from men and women on the street, many of whom admit to the ultimate form of borrowing from Peter to pay Paul: using one credit card to settle up bills from another. One woman says sarcastically, "Can you say wage garnishment? Yes, I knew you could."

The program's solutions—hard-headed realism, disciplined spending and patient planning—may not seem palatable, but it's advice worth hearing. Forget Robin Leach and watch this.

Share this story:

Your reaction:

advertisement

From Our Partners

From Our Partners