Education is one of the best returns of investment of taxes a society can make to itself, I don't understand how people want to make this into a free market, it doesn't seem to work.
I’ve not seen this distinction made before. Can you elaborate?
[1] https://qz.com/1367412/1-5-trillion-of-us-student-loan-debt-...
Your comment seemed to imply a recession incoming sooner than later and was wondering if you had a source.
Is incredibly tone deaf way to describe people living paycheck to paycheck.
The article, by contrast, has it exactly right. I, for example, have a savings "maximum" that I've identified (for savings other than the ones with significant tax advantages, like IRA contributions), such that whenever I exceed it, that surplus goes towards more quickly paying off student loan debt. So, indeed, while I'm not living paycheck to paycheck, my savings also are not as strong as they would otherwise be.
"Those who do not have parental assistance in their 30s, however, continue to be at a disadvantage. “They are grappling with paying off student-loan debt, their savings might not be as strong because of that, and many are taking care of other family members,” said Iimay Ho, 32, the executive director at Resource Generation, an organization that works with people ages 18 to 35 with wealth or class privilege to engage on issues of inequality."
...
"For those without parental cash at the ready, there’s often some kind of debt hangover that holds them back in significant ways. Roger Quesada, 34, calls his $65,000 of student-loan debt to Sallie Mae, which incurs $400 a month in interest payments alone, “a jail sentence.” A lapse in his payments ruined his credit, he said, and has hampered his financial and career aspirations."
And I feel for it, too. Compounding debt instead of compounding interest. Reminds me of a very relevant Onion headline:
"Lazy Poor Person Has Never Earned Passive Income From Stock Dividends A Day In His Life"
https://local.theonion.com/lazy-poor-person-has-never-earned...