Jun 6 2011

Serfdom via student loans – Lenders going after Social Security and saddling college graduates with a debt albatross. Modern day debtor’s prison comes with a University degree.

The sharp attention being pointed toward higher education is important for a variety of reasons including the grim reality that we are facing another extraordinary bubble.  Instead of blindly following into another credit fueled bubble we should probably pause as we cross the $1 trillion student loan threshold.  The cost of education is becoming onerous […]

Mar 8 2011

College Marauders – Student loan debt inches to $900 billion when only in 2000 it was at $200 billion – Most expensive colleges in country charging nearly $60,000 per year in tuition.

College education is a dream for many Americans.  What the current recession is showing us is that having a college degree is a substantial benefit in getting ahead as long as you don’t put yourself into the abyss of student loan debt.  This has been magnified by the fact that low skilled work and blue […]

Jan 17 2011

Financial trends of the new American economy – Higher educated workforce with harder time finding and keeping jobs, median retirement account for Americans at $2,000, global stock market growth, and housing bust covering up inflation in other areas.

The Great Recession is revealing some fundamental challenges in our economy.  One of those challenges revolves around the exceedingly expensive college degree and its ability to translate into employment.  As a percent many more American’s have a bachelor’s degree today than say in 1992 yet unemployment for college educated Americans is at modern record highs.  […]

Sep 6 2010

The privateers of education – How banks collude with the government to inflate college costs. Student loan debt now surpasses total credit card debt.

One of the more ominous statistics coming from this recession is that student loan debt has now surpassed total credit card debt in the United States.  The reason for this is based on the deep impact of the recession.  Credit card debt peak at $975 billion back in September of 2008 and is now down […]

Apr 5 2010

What does it mean to be Middle Class in 2010? – No College Degree, Massive Amounts of Debt, One Health Crisis from Bankruptcy, and Beholden to the Banking Elite.

Being middle class today does not carry the financial security that it once carried in the 1950s and 1960s.  Interestingly enough, many Americans at that time did not own stocks yet somehow they managed well because they had access to affordable housing without toxic mortgages and many had the ability to work with one company […]

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