More like indentured servants, but close enough.
What we as a country are doing to our young is unconscionable.
“What we as a country are doing to our young is unconscionable.”
Finally. Someone who sees the truth. There isn’t enough money to keep the system going without enslaving the youth, so that is what will happen. They will enslave us for a pittance to keep the whole system spinning.
I agree.
10 years ago you could get a Bachelor’s degree at a DIV II college payed for entirely with student loans and be indebted at the end of it with $30k max. Your prospects of getting a $30-$40k a year job were realistic and paying $250 a month your student loans would have been payed off by now. And if something bad happened (like being injured to the point you couldn’t work anymore) then you could always declare bankruptcy and have the student loan dispatched.
Now it is entirely different. A Bachelor’s degree is going to run you $90k and when you get out your prospects of finding a job are very poor. Even if you had a job, the odds of keeping it are not great either. Not only that but the debt follows you for life, now way to dispatch the debt via bankruptcy.
Debt Slavery is a very real thing, it is what the Baby Boomers are leaving as a legacy to their grandchildren. Shameful.