Kid-having emerges. This (western biased) article is blaming the victim. An entire generation bled dry by student loans for useless degrees, unable to buy homes that their elders view as retirement funds. A thousand and one more entertaining things to do online which don't risk creating 18-year bundles of debt. And absolutely no idea how to break the cycle for your offspring. Pick one thing to fix and spend your life…
Being a victim of student loans would mean the borrower cannot properly consent to the debt. If that's the case we shouldnt offer student loans. Otherwise theyre a victim of their own decision making. Of course they have a tough decision and probably received bad information like "education is priceless". So dont ever mislead kids with that crap. Ultimately We can distribute blame and repercussions across society l,…
My university degree is not in tech at all, but it sure has managed to open enough doors to make my self-learned skillset profitable.
Pretending that people were making bad decisions with going to college is victim-blaming - there isn't a job market out there which doesn't demand a degree, pretty much any degree if you want to be in the middle class.
Some just-so story of how people should've picked the obvious degree of some sort when they're 18, have no life experience and the entire job market can pivot around in 4 years is so much junk to defend an overpriced education system which can't deliver on it's promises and is protected by a debt-issuance structure no other financial instrument gets. Undischargeable loans! Give money away and just don't bother ever analyzing the risk. Imagine a student loan system where the issuers might lose their hat if they don't know what the job market would be like for their investments.