New Study Show Many Young People Could Be In Financial Mess

LeadPile.com says recent Payday applications affirm study

Phoenix, Arizona July 12th, 2005A recent survey of MetLife clients and employers found that 40 percent of workers ages 21 to 30 had not begun to save for retirement - and many young adults have little clue how to even begin doing so.

The debt of young people from student loans and credit cards continues to skyrocket, and Andy Jacob, CEO of Phoenix, Arizona's LeadPile.com sees this growing trend as very disturbing. Jacob says, "many young people are ill-equipped to handle the pressures of skyrocketing debt. With 40% of our young workforce not having a clue regarding savings, or the difference between good and bad debt, the economy could be negatively affected for years to come.?. ?We have seen our applications for Payday Loans for this demographic skyrocket in recent months.

Jacob proposes mandatory fiscal responsibility courses at both the High School and University level. Jacob says, ?schools are supposed to get you ready for the ?real-life world?. Nothing shocks a young person into real life faster that overwhelming debt and money problems at an early career age. LeadPile.com, in business since 2001, has surpassed the 1.5 Million Lead Production Mark, and has set the bar for the highest quality online lead available today, and has become a leader in the online eCommerce space for providing real time delivered internet leads to many of the Nation's Leading Companies. Ecommerce has emerged as one of the fastest growing sales channels for US retailers. According to Forrester Research, ecommerce in the US will grow at 10-20 per cent compound annual growth over the next five years and reach $316bn by 2010. The research firm predicts that by 2010, 77 per cent of US households will have regular online access, with 40 per cent buying online, and eleads123 is leading the way.

For more information, or to interview Mr. Andrew Jacob, company CEO, please call at 1-866-66-LEADS