This blog used to be about debt. Now it's about a few more things. But really, it all comes back to debt. Trust me.

Sunday, December 3, 2006

Some More Facts

Over at DebtHitsHard.org they have some disturbing facts that backup the uneasiness we all feel.

I'll add some color to this. It doesn't matter where you grew up, or how you hold your fork, or what race you are. Congrats to the USA on that. Unfortunately, all of that equality has done nothing to prevent the good old American class struggle from making a grand comeback. Consider this from DebtHitsHard:

  • Student debt is outpacing the starting salaries of jobs in teaching and social work, making it virtually impossible for many debt-laden graduates to pursue careers in fields where they are desperately needed. Nearly one quarter of all graduates from public universities and almost 4 in 10 graduates from private universities have levels of student debt that would become unmanageable at the salaries of starting teachers.

  • More and more students are delaying major life decisions as a result of increased student debt. Thirty-eight percent of college graduates delay buying their first house because of debt, 14% delay marriage, 14% delay having kids. Compared to 1991, those figures have risen by margins of 52%, 75 % and 100%, respectively.



  • Let's all take a moment to mourn the idea that you can do whatever you want in life.

    Sorry. I know it's what everybody (like her) told you.

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