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I won't speculate whether it has anything to do with politics or financial literacy, but for many people in the US, debt is a widely accepted cost of participat
by rychco 6y ago
I won't speculate whether it has anything to do with politics or financial literacy, but for many people in the US, debt is a widely accepted cost of participating in society. I am fortunate enough not to have any debt, but many of my peers will regularly go into debt in excess of $100K in order to afford the cost of higher education and a home. Debt is just an ordinary part of life in the US.
- belval 6y agoThere is a difference between using debt as a tool to live and taking on debt to earn a degree that will not eventually allow you to pay back that debt. There is nothing wrong (at least compared to student debt) with people having $400k+ mortgage or car payments, the issue arise when that money is used to earn a degree that has no monetary value.
- ntsplnkv2 6y agoThis argument only works if there is good opportunity outside of college, which is a huge stretch to claim these days.