Millenials Are A Trillion Dollars In Debt And Most Don't Even Own A Home

[Shorty K]

Location. Where in illianois are we talking?

You could definitely get 5,000 square feet in land with a 3 story crib in Inglewood for less than 100k. Just got to get a group willing to invest and put up with the neighbors

 

[Master Teacher]

Credit is dumb in general.

How is it better to show you can pay for something over six months vs just being able to buy it?

This confused the crap out of me starting out. It basically conditions you to be in debt vs thinking about what you can afford vs buying.

which is why you will never be rich, the NFL is all ran on credit lines lmao

 

[O.Red]

The problem is gonna be multiple bubbles popping at the same time.

We're all fukked if there's another repeat of 2008.

The shyt that's coming is gonna make 2008 look like a light skirmish

 

[Json]

which is why you will never be rich, the NFL is all ran on credit lines lmao

You mean like those sports star who run out of money cause they didn’t learn to invest or think about life after sports when there bodies are banged up and suffering from CTE?


Wow..I’m totally missing out

 

[TaxCollector13459]

Student loans is the new credit card debit

 

[fukkyalifestyle]

with them raising minium wage to $15 only matter of time before corporations use robots and more small businesses close because they cant afford to pay any employees. this is all by design by the way.

 

[panopticon]

Stagnant wages and skyrocketing rents.

 

[panopticon]

I just checked, and the average is $11,300 for my county.

Property taxes in NY and NJ are some shyt

 

[Thatrogueassdiaz]

Couple this with the subprime auto loan bubble that's also about to burst (don't learn your lesson from 2008 banking brehs ) and things are about to get ugly

Listen Im riding ADOS TRAIN ALL DAY, reparations would solve my problem.

But the fact is that none of these politicans are even talking about student loan easing or forgiveness, is going to have alot more than black people mad at the government.

Bernie was last election

There will eventually be a student loan bailout.

 

[Scientific]

think about this. Say you graduated between 08 and 12. If you had a small amount of debt, but were underemployed, you had a few choices. Wait it out, or go back to grad school. Some tried to get into the job market, and others went back to grad school. In the middle of all that you may or may not be looking to get married. So after a few years, you and your partner, are now probably in the same boat. Plus, you have to save for retirement and a house? And as soon as the economy started to recover, the housing market explodes. So maybe you were hoping for a home in a budget, but by now, those homes have gone up 50% or more.Oh, and you can forget about kids and shyt.

Millennials were dealt a lousy hand. Some of it is their own doing, because some of these yuppies and hipsters dont care how much they pay to live their lifestyle, and follow every damn trend on IG. but I feel for the ones who tried to get things done. They werent lucky enough to have housing or school subsidized for em.

 

[The M.I.C.]

There will eventually be a student loan bailout.

Selective? Probably but that is a dangerous game to play. You have to remember that a majority of this debt is owed to the government by direct disbursement or backed by guarantee...the government is also accountable to the markets, too much debt forgiveness is not going to look good on the books. Bad debt is bad debt and they will attempt to keep the citizens on the hook for as long as they can.

 

[Donald J Trump]

Selective? Probably but that is a dangerous game to play. You have to remember that a majority of this debt is owed to the government by direct disbursement or backed by guarantee...the government is also accountable to the markets, too much debt forgiveness is not going to look good on the books. Bad debt is bad debt and they will attempt to keep the citizens on the hook for as long as they can.

question is
if interest forgiveness alone is enough

i doubt it

 

[Cloutius Maximus]

America is on its last legs..Millenials dont have what it takes to take this Empire forward.

nikka let me get the reigns on this bytch and give me full dictatorial powers. I'd be out here like Augustus with a kufi on

 

[Wild self]

Selective? Probably but that is a dangerous game to play. You have to remember that a majority of this debt is owed to the government by direct disbursement or backed by guarantee...the government is also accountable to the markets, too much debt forgiveness is not going to look good on the books. Bad debt is bad debt and they will attempt to keep the citizens on the hook for as long as they can.

That would mean that people will stop going to these institutions, or be broke with no debt working in minimum wage jobs.

Anyway, this is another reason why free public college has to go in effect right away.

 

[Json]

Anyway, this is another reason why free public college has to go in effect right away.

Widespread. Won’t happen.

We still need to address why cost went up and it’s partly our fault. These school went from places to go and leave to “party schools” and dorms with amenities like it’s a New York condo in a Nancy Meyers film.

Advances in tech won’t help unfortunately cause that’s partly driving the cost instead of bringing it down for textbooks and online classes.