FORWARD BASE B

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Saddled with student debt? Welcome to America’s screwed generation

“I may not look like it, but I am a modern-day serf. Saddled with thousands of dollars of student debt – debt that has been stripped of all consumer protections and is non-dischargeable in bankruptcy – I am part of a screwed generation.
Earlier this year, the collective student loan burden in the United States passed the $1tn mark. Analysts are increasingly referring to a student loan bubble that could result in a crisis similar to the subprime mortgage crisis of 2008.
A bad job market for recent graduates and skyrocketing education costs have greatly exacerbated the problem. We are seeing a phenomenon in which the old are essentially eating the young, with the baby boomers having a disproportionate amount of financial privilege. And among the nation’s elite, there is a terrible sense of denial about just how bad the younger generations have it”

LINK

4 responses to “Saddled with student debt? Welcome to America’s screwed generation

  1. Charlston "Chew" Heston August 1, 2012 at 9:12 pm

    Baby boomers are Soylent Green?

  2. stonerwithaboner August 2, 2012 at 3:07 am

    no one told you to get an education….

    ooops, wait, they told you to “stay in school.”

    remember, no one owes you a livelyhood…..

    too bad professors are tenured, they don’t have to answer to the free market like the rest of us….

  3. Pingback: Linkage Is Good For You – 8-5-12 | Society of Amateur Gentlemen

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