Or so that's what Carmen Wong Ulrich (pictured), CNBC's newest personal finance blogger, would have us all believe.

She quotes a survey that says 41% of young adults (18-29) do not pay their bills on time. That number is a little hard to believe, but if it's true it's really worrisome.

To prove her point, and start out the blog with a nice hostile tone, she even posted a comment from a reader who sounds like a lot of fun to party with, but not someone I would lend money to:

"I have no problem not paying all my credit card bill at the end of the month. This country was built on credit and if I had to pay up my credit card bill every month, I could never have the things that I want. If I wanted a flat screen TV and it cost $2,000 and I don't have it, I would get it on "credit". The bottom line: "You Can't Take It With Ya." --Sly, MI

I suppose, yes, this country was built on credit, but have you taken a look at that constantly ticking national debt sign? Wong Ulrich doesn't take no crap from anyone and posted her response:

Enjoy the flatscreen (I enjoy mine even more because I saved up for it and own it) but know that consuming on credit for 'I gotta have's' puts you in financial risk with money that doesn't belong to you in the first place. 'You can't take it with you' refers to money that's actually yours. --Carmen

Ouch! Burn, son! This lady has got some sass on her. Better not tell her that you think consumer bank savings accounts are 'more convenient' than opening up a high-interest money market savings account, she will roast you!

See how she also threw in there that she had a sweet flatscreen too. It would have been great if she mentioned how many channels she gets and what type of luxury toilet paper she uses. That really would have put the nail in that guy's coffin.

As overly sassy as Wong Ulrich is, I still might check her out every once and while. She has been recommending bankrate.com and interest.com, two good resources for finding low-interest checking accounts.

CNBC On The Money Blog: The Young and The Tardy, June 2, 2008

The Student Loan industry has been hit hard during the current credit crisis. Some of their new conservative policies may remind you of that stuck-up girl who wouldn't date you.

All of a sudden 2-year colleges and other community college schools aren't good enough to be lent to. Are the students attending those and other 'less competitive institutions' not worthy of affording an education? According to many of the biggest banks (PNC, Citibank, JP Morgan, SunTrust) that's exactly correct.

40% of America's undergraduates are enrolled in community colleges. That's 6.2 million of the total 14.8 million. Many of these students are using their local college as a stepping stone to a 4-year institution or are pursuing associate degrees for better career options. So what are they supposed to do when they can't pay the bills? Resort to crime?

Here's where the stuck-up bitchiness kicks in. According to an article about this in the New York Times yesterday:

Some loan companies have exited the student loan business entirely, viewing it as unprofitable in the current environment. By splitting out community colleges and less-selective four-year institutions, some remaining lenders seem to be breaking the marketplace into tiers. Students attending elite, expensive, public and private four-year universities can expect loans to remain plentiful. The banks generally say these loans are bigger, more profitable and less risky, in part perhaps because the banks expect the universities’ graduates to earn more.

Some may call it "simple economics", or explain, "That's capitalism, baby. We're running a business not a charity here!" To them I say, point taken, but what's next?

How about when they draw a line between private schools and state schools? Between Ivy Leaguers and non-Ivies? Pretty soon will Harvard doctorate candidates be the only ones eligible for a student loan? Besides, those nerds probably come from the wealthiest top 5% of the country anyway.

NYTimes: Student Loans Start To Bypass 2-Year Colleges, June 2, 2008

An interesting letter in an advice column on CNNMoney.com today. A reader writes to an advice guru distraught over his wife blabbing to her money grubbing relatives about her family's personal finances. Sounds like there might be some other issues involved:

Question: I love my wife, but her inability to keep her mouth shut about money has become a real problem. She’s got a couple of relatives whose hands come out whenever they hear that I’ve gotten a raise or that we’ve treated ourselves, for example, to a big screen TV. I handle our finances, and I’m beginning to think I shouldn’t be telling Heather as much about them as I do. Under the circumstances, would this be wrong?

The typical 'communication is the key to any good relationship' crap is rolled out as an answer. The all-knowing advice givers explain that speaking honestly and being upfront is the best possible solution.

I'm not sure if this is the best technique, maybe using immaturity and rash thinking would be a better way to deal with Heather? How about divulging embarrassing personal secrets from the bedroom or unnecessary menstrual cycle details?

There's really nothing more uncomfortable than getting hit up for a few bucks by everyone's least favorite alcoholic, Uncle Al. And with all those July 4th, Memorial Day, and Softball Sunday family BBQs coming up, this is probably one of the most inopportune times to be trying to dodge the 'lend-me' bullet.

This man's situation builds a strong case for the 'separate family' strategy. You see, the trick here is to have two separate families going on at the exact same time. I'm not really sure the logistics of it, but it has something to do with a lot of golf trips and business travel. And fake names are probably a must as well. But either way if you can pull all of that off, I'm sure keeping financial matters a secret is real easy.

Got any other tips for this poor guy with the yappy wife? Let us know in the comments section.

CNNMoney: My Wife Can't Keep a Secret About Money, May 12, 2008