The average net worth of a 30 year old in the U.S. is -$1,043.

[Mic Drop]

Inconceivable!

[admin]

Wow!! I guess I should have expected this. 

[Space Merchant]

29 minutes ago, admin said:

Wow!! I guess I should have expected this. 

Let's not forget the monster sized college debt (and other loans) that is chained on to the individual.

[JW Insider]

1 hour ago, Space Merchant said:

Let's not forget the monster sized college debt (and other loans) that is chained on to the individual.

I happened across an excellent commentary of how the current "system of things" has been affected by Covid19. (linked below) The speaker hits on many of the most salient points and it stands as an excellent review from a perspective that sees a bit beyond just the medical issues. But about 20 minutes into the 30 minute video, I learned some interesting points: Americans owe 1.7 trillions in student loan debt. It was only 500 billion in 2006; up 1.2 trillion in just a decade and a half.

He also says that In bankruptcy court, the only non-dischargable debt is student loan debt. [Therefore, I like the wording you used: "chained on to the individual."]

What's worse, I think, is something he didn't say, but is fairly obvious. Students are still paying their $30,000 to $50,000+  per year, where part of what a student should be paying for is the ability to interact with professors and specialists in their chosen area of specialization. Instead, what they are often getting lately is a hands-off video stream of a professor who can't interact much at all with students. Might as well be video-taped lectures. No one-on-one in-depth guidance towards a specific area of pursuit. No semester abroad in France, UK, or China, or special internships. Only on-line access to the university library for what's been digitized, which is often a small percentage of what would have been available. 

 

[Equivocation]

I guess many of us young peeps will have an adventure of a life time with this one lol