Relevant:
- An affordability crisis is making some young Americans give up on ever owning a home
- Young riding out recession by going into debt for college: Millennial unemployment jumps by two percent.
- Young Women Go Back to School Instead of Work
- Millennials Will Be Poorer Than Parents If They Can't Buy Homes - What Singapore's Example Teaches
- Student deb-pocalypse: Median wages stagnate while debt swells
2012-05-09 — mybudget360.com
If you wanted to develop a plan to bankrupt young Americans you couldn't devise a better plan than our current economy. Destroy the blue collar sector and make the only pathway available to the middle class via an education. Next, create a student loan market that misinforms students and lures many into degrees that have little market value but a massive debt price tag. Next, you have the biggest wave of retirees hitting the system and this will need to be balanced on the backs of a less affluent generation:
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