Monday, January 12, 2009

These cartoons are worth a thousand words!

Dangers of Debt Cartoon Contest
I’m not sure how to grade this one. . . thumbs up or thumbs down. Consumers Union, the nonprofit publisher of Consumer Reports, held a “Dangers of Debt” Editorial Cartoon Contest. On their website,, Consumers Union encouraged young people to think about the dangers of debt. In their intro, they also noted that “credit card companies on virtually every college campus are luring young people into debt that could spell financial ruin at a young age.”

Amateur illustrators, age 15 – 25, could submit cartoons until Nov. 3 and then the public was invited to vote for their favorite until Dec. 5. You can see all the cartoons and the voting results. The cartoon garnering the most votes won $500, while a panel will award a grand prize of $1,000 to one worthy participant.

On one hand, you could argue the contest is promoting responsible handling of debt. On the other, it definitely gives the credit card industry a black eye. Would you conduct such a contest?

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