3 ms·
Going along with what you said, it’s a good thing that 40yr/o need to go into debt in order to get an education? Surely if someone in their 40s who was at least
by cced 3y ago
Going along with what you said, it’s a good thing that 40yr/o need to go into debt in order to get an education? Surely if someone in their 40s who was at least a little lucky may be in a better socioeconomic strata than those just starting out in their 20s. What kind of debt burden do we want our kids carrying?
Rentier economics throughout the economy are crippling the working class and feeding the rentiers.
People finance their cars, their education, their music, healthcare, phones, laptops, just about any major appliance. You can even finance your food!
What exactly are you getting for your tax dollars?
- mschuster91 3y ago> People finance their cars, their education, their music, healthcare, phones, laptops, just about any major appliance. You can even finance your food! It used to be the case that you could realistically save up money to buy a car or whatever. These days, so many people are living paycheck to paycheck that they can't afford assets at all, and forget about home ownership or other kinds of equity. Some may be lucky enough to have a 401k with an employer match, but without the latter I see why many people prioritize immediate survival over long-term financial planning.
- cced 3y agoI’m not sure how I managed to forget housing, but I agree. We are no longer living fulfilling lives but going about lining the pockets of landlords and rent-seekers.
- AlchemistCamp 3y agoNobody needs to go into debt to get an education. All they need is an internet connection, time and effort. In a pinch, a library card and $10 of notebooks and pencils is enough to get far. The problem is people going into debt for credential-granting schools that are becoming more expensive while simultaneously becoming less correlated with education.