Americans in their 30s struggle with mounting debt
- Thread starter Responsible Allen Iverson
- Start date
Sonny Bonds
All Star
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Secure Da Bag
Veteran
One of two things: student loans or don't know how to budget.
It has always surprised me why student loans, college & university admission are so high. Where I am at, it's 1/10 of it is in America.
LV Koopa
Jester from Hell
Because they're subsidized by the government. So universities charge higher knowing it will be paid for by the government up front.
JetFueledThoughts
Superstar
Could be millennials who transitioned from single to a family life, and their income never caught up to their additional (necessary) life expenses
I would argue its this. I know too many people whether middle class, poor or well off who are horrible with finances (no matter the race or ethnicity or education levels).
Its the American (and western world) way to be dumb with money and spend till you can't spend any more then make excuses and lash out like a child when folks ask why you are dumb with money.
But hey we got to keep people dumb and encourage them to stay dumb in order to get them to fuel the economy with all this spending. Ignorance is profitable.
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I assume you are referring to the States?
Lexington Steele
All Star
If you had problems with student loans, you used to be able to discharge that debt through bankruptcy, just like any other kind of debt.
One senator lead the way on making certain you couldn't do that anymore.
Today, that same individual is deliberately fumbling his student loan debt "solution" so that you'll feel compelled to re-elect him so he can try again.
One senator lead the way on making certain you couldn't do that anymore.
Today, that same individual is deliberately fumbling his student loan debt "solution" so that you'll feel compelled to re-elect him so he can try again.