July 01, 2013

Do We Hate Our Children? The Insane System That Turns Young Adults into Indentured Servants

Next time you’re watching a college graduation, as you look out over the sea of caps and gowns, make sure you notice the ball and chain most graduates are wearing as they march onstage to receive their diplomas. That’s student loan debt, which at over $1 trillion tops credit card debt in the U.S. today. The average burden is $28,000, but add in their credit cards and they’re graduating with an average of $35,000 in debt. It’s no wonder that people who’ve paid off their student loan debt are 36 percent more likely to own homes than those who haven’t, according to new research by the  One Wisconsin Now Institute and Progress Now.
What kind of society sends its young people from higher education into adulthood this way?
***Read article at RINF***

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