If enough people are having problems that it becomes a systemic issue (student loans might be in this category), then personal responsibility isn't cutting it.

If enough people are having problems that it becomes a systemic issue (student loans might be in this category), then personal responsibility isn't cutting it. The big flaw of a true free market is information imbalance and externalities. I only have one chance to save for retirement while a financial company may deal with 100s of thousands so it's harder for one side to learn from mistakes than the other. Like regulations around children's toys I think both sides have fair arguments--neither is 100% correct. I just don't think it's 100% personal responsibility in a modern society.