4 ms·
I'm not sure. Maybe lack of funding for high schools and below? Maybe peer pressure? Probably a combination of a few reasons. I don't think there's a fundament
by thelean12 6y ago
I'm not sure. Maybe lack of funding for high schools and below? Maybe peer pressure? Probably a combination of a few reasons.
I don't think there's a fundamental lack of ability for high schoolers to understand long term financial consequences.
Making college free would certainly "fix" this issue, and would be great for non-financial reasons, but it seems like a bandaid to the whole financial intelligence thing that will just push the issues down the line. It's not like once you become an adult you automatically become more financially intelligent (see: 2008, massive car loans, etc). I truly believe better or more focused high school education would help a ton.
- ryanwaggoner 6y agoI feel like you're making my point for me. Whatever the reason, it seems pretty clear that we as a society have made it more difficult for these kids to make good decisions, maybe just by virtue of the lack of education on how to do so. Chalking their collective indebtedness up to a lack of personal responsibility and a moral failing on their part is just lazy.