#1 is the fault of the millennial who goes to college without a plan
as to what to do afterwards. The friends that I see who I don't think have much savings currently are the ones that went to college to do college. They paid $50k over 4 years to live with friends and party and not really do anything proactive for their life after graduation.
The job market has dictated for far too long now that there are jobs in STEM and trade. But colleges are still pumping out sociology, psychology, biology, anthropology, english degrees (etc) that have a limited job market. There are too many degrees, and not enough jobs. 18yos have to research what they want to do, and make sure it's viable. Most don't and end up with debt they can't repay. You can go on and on how salaries haven't kept up with college costs, and I agree. However, high schoolers need to be warned of this and that they are taking a risk by heaping on debt to get a degree that might not be too useful.
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In response to this post by vt90)
Posted: 05/16/2018 at 10:37AM