Three New York City college students shaved their own student debt this week when their public service video, “Repair Your Credit — Repair Your Life,” took top honors at the fourth annual Financial Awareness Video Festival sponsored by the Federal Reserve Bank of New York.
The festival challenges college and university students to create a compelling 30-second video that teaches their peers how to build and use credit wisely.
Have you seen the latest teen shopping video? No, it’s not a public service announcement of the “This is your brain on drugs” genre. It’s more like, “This is your financial future on overload.”
“Going to the Mall,” a song and video by artists School Gyrls (yes, that’s how they spell it), is a three-minute glamorization of excessive spending. It features five girls dressed in school girl plaid skirts who happily talk about their shopping excursions to the mall.
It’s reminiscent of the “haul videos” that have become popular on YouTube. They feature young shoppers, most often females, who are showing off their latest purchases and any bargains they’ve bagged.
Mark Fiore YouTube video cartoon spoofs credit card reforms from an industry perspective.