Saturday, March 16, 2019

Millennials Are More Than A Trillion Dollars In Debt, And Most Of Them Don't Even Own A Home

The latest student loan debt statistics for 2019 show how serious the student loan debt crisis has become for borrowers across all demographics and age groups. There are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone. Student loan debt is now the second highest consumer debt category – behind only mortgage debt – and higher than both credit cards and auto loans. Borrowers in the Class of 2017, on average, owe $28,650, according to the Institute for College Access and Success.

What makes all of this even more depressing is the fact that the quality of “higher education” in the U.S. has gone down the toilet in recent years.  For much more on this, please see my recent article entitled “50 Actual College Course Titles That Prove That America’s Universities Are Training Our College Students To Be Socialists”.

Our colleges and universities are not adequately preparing our young people for their future careers, but they are burdening them with gigantic financial obligations that will haunt many of them for decades to come.

We have a deeply broken system, and we desperately need a complete and total overhaul of our system of higher education.


1 comment:

drew458 said...

No, we need a complete and total overhaul of our entire education system, from pre-K to grad school. Remove all the socialist and pervert agenda and the people that teach them, start teaching real math, real reading, civics, penmanship, history that teaches pride in your nation, self respect, actual science, and so on. Any teacher found guilty of sexual assault with a minor will be executed.

Post a Comment

Just type your name and post as anonymous if you don't have a Blogger profile.