Over half of US student loan borrowers racked up credit card debt during the payment pause—now experts worry about 'shock'
Over half of US student loan borrowers racked up credit card debt during the payment pause—now experts worry about 'shock'
Federal student loan payments are about to be due for the first time in three years. Many borrowers will be juggling new debt payments on top of their loans.
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Isn't it great how we as a society sabotage a lot of our brightest minds by saddling them with predatory debt? This definitely won't cause any issues.
Don't forget pointing at them for the rest of their lives and condemning them for the crime of "making bad decisions" ie trying to better themselves and prepare themselves for a fulfilling vocation that either doesn't exist or pays poverty wages (teachers, paramedics, counselors, etc) in the US, all to drink in that sweet, sweet schadenfreude of the suffering of your fellow citizens.
The oligarchs used their bully pulpit of all major media that they own to train us to undermine one another, compete against one another, and root against one another so we'd never unite against our common enemy, them. This is merely the result of that, all the peasants blind after stabbing each other's eyes out, with the owners looking down at their livestock and laughing.
My family and I are fucked when student loans come back on. We have been frugal and reasonable but yeah, money can't just come out of no where... so we'll try to stay afloat by not going out or doing anything, but eventually we will sink and I imagine many others will too.
Unemployment office says they've been seeing more and more people with bachelor's applying... October is going to be a very rough month for our economy.
I hope it crashes honestly. Sharp short term pain is a far better than this engineered, perpetual state of tens of millions barely subsisting to meet the growth/metastasis expectations of our plutocrat owner class. It's never enough for them, and today will look like paradise if they continue to get their way.
That's wishful thinking, but make no mistake, this exploitative economy cannot be repaired. It is too corrupted, too controlled by the tiny class of beneficiaries at the top through governmental and regulatory capture. The worst case is that it survives this and survives the climate apocalypse it caused, because that just means generational misery without end.
I'm sorry you and your family are struggling, it's wrong, and it speaks ill of me and all my fellow Americans to allow it to continue.
How much student debt did you get and what degrees did you get? Any reasonable degree and as long as you didn't just waste time at college for 10 years on a bachelors, you should be completely fine.
You don't seem to want to know the answer.
"should be" doesn't account for the realities of the hiring process, the intense credential inflation, or being positioned well enough to take advantage of opportunities when they arise.
People didn't go out and get useless degrees, they were trained for fields that were rendered obsolete by the time they graduated and are facing intense competition with absurd requirements.
students get 50k in debt to make 1-1.5m more in their careers. It's an investment, how is that predatory?
I understand some practices are, and it's been spurred by the government releasing the flood gates of loans, letting 18 year olds rack up 200k in debt while encouraging universities to bloat the costs of college, but for the most part, getting a degree and going in debt is worth every penny.
Suck that trickle down Raegon piss bruh
what a...weird insult. How does my statement imply any sort of support for the failure of trickle down policies?