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Young people are right to be angry about their financial insecurity

8 点作者 teslacar大约 8 年前

1 comment

tbihl大约 8 年前
Article should have a (2016).<p>The author certainly isn&#x27;t wrong. As a country, we&#x27;ve squandered an astounding amount of resources in the last 70 years. Since we hooked ourselves in the suburban experiment, we&#x27;ve gone broke. And along with the background hum of accumulating public debt, we&#x27;ve gone crazy with private debt to fuel our out-of-control growth Bonanza. Whenever we run out of qualified borrowers, we always kick the can down the road once more by lowering standards.<p>Subprime mortgages. 84 month car loans. Enormous, nearly inescapable loans to kids who have no idea what they&#x27;re doing.<p>As someone in the final group, I&#x27;m torn between wanting the madness to end on one hand; and hoping it doesn&#x27;t end quite yet, so I can get out from underneath my debt before there are no jobs with which to even repay my loans.<p>Pair the loan payments with the rents paid to companies with their homogeneous, extractive shitbox apartments -- I hope no one was expecting the new generation of highly-educated workers to get the economy working properly again...