| eva01beserk said:
So 38.7% total, then I must have had it backwards. But still, almost 40% of that over 1 trillion in deb for garbage education is still serious. I just saw that its only up to 2010, it could be a lot worse now. |
My point, in part, was these type of degrees regardless of how you feel about them, are not a recent trend. The recent trend is the cost of education and the increase in people that hold degrees. We see a significant increase in costs while people age 18-35 have seen wages stagnate or decline. Why so many trends involve lack of savings and spending less.
I think a discussion on what upper level education is and how it should be viewed needs to be discussed. The cost has inflated so rapidly that for many it has become a bad investment. Making 30K/year when you have 35K in debt at 22 means a long 10-20 years for most folks. Brow beating a generation doesn't seem productive, having honest discussions with upcoming generation will adjust expectations and help the market correct itself. Otherwise I see this having a bubble effect in next 20 years.
