Palabra Política: Are You Fighting Debt?

It feels like we are all fighting the failing economy...

Even Olympic gold medalists. We caught up with Mexican-American Olympic title winning wrestler Henry Cejudo to see if the recession takes a toll on rock star athletes. Guess what? It does!

When asked if either Henry or his family had been affected by the struggling economy, we were surprised to hear what the 21-year-old admitted:

After winning the Olympics, I just didn't have as much sponsorship as I could have. It was hard on everybody, because of so many budget cuts. If you didn't get picked up within that first month, forget it. So, luckily I got the Adidas deal. It's rough for all athletes right now.

Sadly, no one is exempt from the tough times, not even youth. Yeah, you! Nearly everyone reading this is in some sort of debt -- credit card, car loans, and of course, student loans. Today nearly two-thirds of all four-year graduates have student loans, while in 1993, the percentage was less than half. The average student loan debt for the Class of 2006 was nearly $20,000—and that number has continued to go up.

How can you gain control as the economy moves in a downward spiral?  Get empowered. Find out how to take action against your personal debt and advocate change from our government at www.InDebtEd.com.  This MTVU site educates users on how the country fell into a poor economic state, and what youth can do to contribute to financial reform in the U.S.  Don't feel like reading the depressing stats provided?  You could always watch the dollars tick away on InDebtEd's National Debt Clock.  If you blur your eyes, it looks kinda pretty.

Check out a video explaining the campaign after the jump:

Photo via Google

Tags Adidas, Henry Cejudo, indebted, Latin news, Noticias, Olympics, palabra politica