Sep 24 2014

The New Normal for the American Dream – 3 Cornerstones: Low wage jobs, high levels of college debt, and a retirement that consists of working until you pass away.

There seems to be a growing acceptance that the American Dream is hardly as accessible as it once was. Low wage jobs, higher education tuition pushing many into untenable levels of debt, and a new vision of retirement all seem to connect into one new theme. The new theme revolves on a much more challenging […]

Sep 9 2014

The price of learning from expensive books: The cost of educational books has soared by 150 percent since 2000 while the cost of recreational books has fallen.

There are many reasons why college costs are soaring even well beyond the regular rate of inflation.  Schools are adding immense amenities to attract students.  Student debt backed by the government allows schools to push prices higher since students simply go into deeper debt with little analysis on ability to pay at a later date.  […]

Aug 31 2013

Why are so many young Americans living at home? Record number of Americans living at home while student debt reaches another record.

While the unemployment rate continues to fall in large part because people are dropping out of the workforce, we reach another record which highlights a difficult economy for young people.  A record number of young Americans now live at home.  It would be one thing if this was being driven by a desire to stay […]

Jul 21 2013

Arrested development courtesy of student debt: How student debt is putting the lives of many young Americans on hold.

Many young Americans view student debt as a necessary evil in pursuing higher education.  The level of student debt now reaches Himalayan levels as many are falling behind on keeping up with payments.  A double-edged sword has befallen young Americans.  First, the path to middle class jobs no longer runs through a blue collar industry […]

May 5 2013

The young, educated, and massively in debt college generation: Total student debt outstanding approaches $1.1 trillion. 65 percent of all outstanding student debt held by those 39 and younger.

It is interesting to hear older politicians take the podium and wax and wane poetically how young Americans are not working hard enough or need to take responsibility for their actions in the current economy.  The reality of the situation is the recent recession has punished the young disproportionately.  The young have seen their net […]

Feb 2 2013

Young riding out recession by going into debt for college: Millennial unemployment jumps by two percent.

As the animal spirits of the economy rage wild, there are still difficult challenges ahead for younger Americans.  While the stock market is up highlighting corporate euphoria, many companies are doing this with 4 million fewer workers.  So the economic recovery is not evenly distributed and they rarely are.  Yet younger Americans are still facing […]

Dec 25 2012

The most educated and indebted generation ever – Average student debt has tripled since 1990 while earnings have gone stagnant for college graduates. How much is the college rite of passage worth?

Most have very fond memories of their college going years.  Going off to college is one of the few rites of passage that we have in the United States ushering future generations into official adulthood.  Yet the cost to attend this passage has gotten astronomically expensive.  College has now turned into a very large business […]

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