I try and bring up how he ruined free in state tuition in the name of hippie bashing when he was California’s governor often, but don’t exactly have the biggest platform.
“Worst of all, these students’ sense of the future is constrained by planning for and then paying down their student loans, often for decades. Economists are waking up to the fact that when young Americans enter the workforce burdened with over a trillion dollars in cumulative debt, they become risk averse, unwilling to move, less able to make major purchases, and slower to become homeowners. Not coincidentally, they don’t feel safe enough to register any major protests against the society that’s done this to them.”
i am reblogging again because….. fuck ronald reagan forever and ever and ever and ever.
Economists should be adept in their fields, how are they only now realizing that paying off our student debt is a fucking priority over anything else other than food?
Weird, it’s almost like there’s something missing from the study of economics.
Who would have possibly thought that a young generation owing trillions of dollars could have a negative effect on the economy?