3 ms·
> I think that really depends on what part of America. And the age of the cohort... Millennials (1980 to '95-ish) have had student loans since as far back as t
by baby_souffle 1y ago
> I think that really depends on what part of America.
And the age of the cohort... Millennials (1980 to '95-ish) have had student loans since as far back as they can remember. What's _another_ never-ending monthly payment?
- philwelch 1y agoMy wife and I are millennials and we paid off our student loans within a couple years once I started my career. I don’t even remember if it was before or after we got married and we’ve been married for over a decade now. Maybe we’re fortunate but I can’t imagine still having a monthly student loan payment. Of course I also absolutely hated being in debt and having a monthly payment to begin with so I made it a priority to solve that problem asap. Likewise, I have always paid cash for every car I’ve bought. My only never-ending monthly payment is my mortgage and the alternative to that is paying rent which I like even less. Fundamentally it’s a mindset thing. I also don’t buy taxi rides for my Chipotle orders.
- climb_stealth 1y agoI have a very similar mindset, but, man, mortgages hurt. At least when paying rent the money goes towards a real person. With a mortgage such a big chunk of the payment is the interest that just goes to this faceless entity that is the bank. How does it not bother you? :)
- philwelch 1y agoMost of my landlords were faceless entities too. Obviously I’d rather the house be paid off but I didn’t have $300,000 in cash and I have to live somewhere.
- climb_stealth 1y agoYep okay, fair enough!
- msgodel 1y agoI'm a younger (1994) Millennial and borrowed just $10k to finish my degree. I paid it off the first year I was employed. Very few of my friends still have loans. I'm pretty sure if you got yourself into a never-ending monthly payment situation you probably shouldn't have gone to college to begin with.