The education and employment myth: Almost two-thirds of people in the labor force do not have a college degree.
There is an ongoing perception that most of the workforce has a college degree. When we say college degree we mean at a minimum a bachelor’s degree. You would think that with $1.3 trillion in student debt outstanding a good portion of the work force would be college educated. The opposite is the truth however. […]
Student debt apocalypse: Median wages up 1.6% over last 25 years while median student debt is up 163.8%.
Student debt is out of control. Over $1.3 trillion in student debt is floating out in the current economic system. Most of this debt is saddled firmly on the backs of younger Americans who coincidentally are also entering into a job market with incredibly low wages. This idea of high tuition with low wages isn’t […]
The young carry the weight of student debt: Of the more than $1.3 trillion in student debt outstanding over 66 percent is carried by those 39 and younger.
The compounding problems with student debt are getting louder as each year passes by. Student debt outstanding is now at a whopping $1.3 trillion and most of this is being carried by young Americans. While college costs have soared for most many recent college graduates are working in jobs were wages are low. This has […]
A closer look at the cost of living between 2000 and 2015: Looking at tuition at USC and the typical priced US home.
We keep hearing that the Fed is tepid about raising interest rates because there is no sign of inflation. In fact, they assume that wages are keeping up for most families and that is not true. Inflation is running rampant. You don’t need giant price increases to disrupt lifestyles when many of the new […]
7 million college debtors have yet to make a single student loan payment in last year. The college debt bubble grows.
The student debt problem continues to spiral out of control as millions of young Americans enter the workforce only to be greeted by low paying jobs and the monthly bill for their college experience. For the most part studies show that college graduates do better than non-college graduates. Yet these studies fail to take into […]
The financial gouging of the American college student: Tuition is up 300 percent from 1990 and total outstanding student debt has grown by over 1 trillion dollars since 2000.
Inflation is such an insidious standard of living destroyer. Little by little those dollars in your wallet get worth less and you suddenly find yourself needing to go into large levels of debt to purchase cornerstones of the American Dream. Going to college has been the dream for many Americans after the G.I. Bill was […]
Is college worth the 172 percent price increase over the last 9 years? The cognitive dissonance between rising tuition and falling wages.
$1.36 trillion. That should sound like a lot of money because it is. How much is $1.36 trillion? Texas has an annual Gross Domestic Product of $1.4 trillion. $1.36 trillion is the amount of student debt that is attached to millions of Americans like a financial albatross. There is an ugly thing about this unrelenting […]