Is College Even Worth It? Americans Owe $1.84 Trillion in Student Debt and the Number Continues to Grow. US household income at $60,000 with some private schools charging $60,000 a year.
Is college worth it? That is a question more American families are asking as our total outstanding student debt now passes the $1.84 trillion mark and inches closer to $2 trillion. This is money that needs to be paid back and is diverted from other items like buying a home or investing for retirement. Millennials […]
Bread and Circuses – US Households Increase Debt in Wealth Destroying Areas: Mortgage Debt Holds Steady since 2008 while Debt in Auto Loans, Student Loans, and Credit Cards Reach Record Levels.
Americans for the most part generate their wealth via owning homes. Yet many younger Americans are having a tough time buying a home because of a crowding out effect from investors largely from Wall Street. I’ll start this post with some telling data: In 2008 US households had about $10 trillion in mortgage debt. Today […]
Inflation is Eroding Purchasing Power and Hurting Millennials the Most: Exploring the Cost of Two Important Items from 2000 to 2020.
While we are still dealing with the fallout brought on by Covid-19, the group most impacted by the pandemic is young workers. They are disproportionately shouldering the hits that have come from the pandemic. Many are unable to telework and others are employed by industries that tend to pay less and have largely shut down […]
The Existential Crisis for Colleges: $1.64 Trillion in Student Debt and a Pandemic.
The fall season for those with teenagers exploring college options can be one filled with anxiety and uncertainty in more stable times. This is anything but a stable time. We have college tuition spiraling out of control for well over two decades while a pandemic forced students to learn online away from carefully manicured campuses. […]