11–20 of 116 posts
Earlier quoted context omitted.
I agree. I feel like most of the problem would be solved by allowing student debt to be erased by declaring bankruptcy. It's absurd that isn't the case.
What's absurd about that? The bank has no salvageable assets to claim. They can't claim 4 years of European Literature from your mind.
Why do we encourage a group to vote who remind us daily about their inability to survey their options and make good decisions?
Now don't get me wrong, I don't have some sort of magic plan to fix this (maybe allow them to declare bankruptcy would be a start?) but the whole industry just felt a little predatory to me.
Earlier quoted context omitted.
I agree. I feel like most of the problem would be solved by allowing student debt to be erased by declaring bankruptcy. It's absurd that isn't the case.
What's absurd about that? The bank has no salvageable assets to claim. They can't claim 4 years of European Literature from your mind.
Why do we encourage a group to vote who remind us daily about their inability to survey their options and make good decisions?
I am so tired of the "Millennials are lazy and make bad decisions" narrative. You can't make blanket statements about an entire generation. Please stop.
There's a pervasive idea that being able to actually afford things is abnormal. That everyone should just take a loan out for education. For a car. For a house. For a cellphone.
Yes, there are benefits to being able to get things 'earlier' than otherwise would be possible. And if everything goes right, the situation a borrower is in at the end of a loan may be better than had they not taken it.
But the actual result of this seems to be that, for example, ~everyone in Britain is tied into full-time employment to pay off various creditors.
It's commonly posted on here that the average American has savings amounting to effectively a bag of crisps.
That's the obvious result if you use every available bit of income, even if it's "investing" for a future that never comes.
Why do we encourage a group to vote who remind us daily about their inability to survey their options and make good decisions?
To be fair, most people make the decision about where they go to school (and along with that, how much it costs) when they are barely adults and don't have a good grasp on finance. At least part of the blame falls on parents, and teachers who point them to expensive schools, and our culture which has praised expensive schools as a positive thing for a long time. I'm hoping the next generation will get better guidance…
My point wasn’t necessarily that millennials are uniquely stupid, rather that the voting age should be at least 25.