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originally posted by: toysforadults
College has become the #1 barrier to Americans in order to enter into middle to high middle class lifestyles. If you go to college you are in debt for the rest of your life, if you don't go to college you are going to have a very hard time in the market. It is no longer serving it's intended purpose. Not only is not serving it's intended purpose but all of the programs taught in universities were previously apprenticed and could easily be apprenticed again. It doesn't stop there either. College are no longer bastions of free thinking they have become leftist ideological echo chambers and mafia's that indoctrinate your children into communist and globalist ideology.
June 30, total household indebtedness was $12.29 trillion, 10.2 percent above the recent low of 2013, but 3.1 percent below the peak seen in 2008.
The most obvious candidate for the next bubble is student loan debt, which has ballooned to $1.26 trillion.
The next generation who is suppose to buy your houses, fund your 401k's and pensions is now in more debt than any generation ever. Welcome to the new control mechanism of the banking cartels and the New World Order.
2015 graduates with student loan debt: 52%
Average debt: $24,849
2015 graduates with student loan debt: 61%
Average debt: $25,645
2015 graduates with student loan debt: 56%
Average debt: $25,840
Here we have a situation where more than 50-60% of these graduates having at LEAST $30,000 in debt they will be paying for potentially decades at incredibly high interests rates in an economy that's going to experience 60% automation in ten years and where the rest of the jobs are getting shipped overseas.
My solution to the coming collapse is STOP GOING TO COLLEGE! STOP SENDING YOUR CHILDREN TO COLLEGE!
These corporations will be forced to train and fund a new workforce to collect their billions of dollars as it was in the past and as it should be now.
Time to put the power back into the hands of the many.