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Millennials are the most highly-educated generation of young adults in our nation's history, attaining college degrees at record-high rates. Yet despite their greater educational attainment, they appear to have less wealth at this point in the lives than prior generations.
This analysis draws a picture of an economy where the bulk of the benefits of the economic recovery have been going to those who already have the most wealth. For millennials who aren't lucky enough to be at the top, educational debt seems to be emerging as the largest obstacle to creating wealth. If policymakers wish to address inequality among this generation, it seems that they have no choice but to address their student debt burdens as well.
originally posted by: Hoosierdaddy71
Get rid of all the government subsidies and loans.
Tuition will drop like a rock without our tax dollars.
originally posted by: Yeahkeepwatchingme
a reply to: Hoosierdaddy71
And why are the college administrators paid so much? So stupid. It's profit and indoctrination. Destroy creativity, any initiative to change the world and they're taught to pay attention and show concern for a small set of issues.
Profit over people.
originally posted by: AlaskanDad
Yet despite their greater educational attainment, they appear to have less wealth at this point in the lives than prior generations.
originally posted by: Hoosierdaddy71
a reply to: ketsuko
I'm sure they will do a fine job on our healthcare though..snicker...lol
Sorry.
no you are correct. Any time government funding gets involved, the price will go up.
The Project first gained wide attention in the mid-1980s uncovering Pentagon waste and fraud by publishing reports, provided by whistleblowers, exposing $640 toilet seats, $7,600 coffee makers, $436 hammers and other overpriced spare parts used by the military. The group was renamed Project on Government Oversight [POGO] in the late 1990s.
originally posted by: tavi45
a reply to: Hoosierdaddy71
Production of food is incredibly subsidized and it's remained incredibly cheap. What's the difference?
originally posted by: Krazysh0t
originally posted by: Yeahkeepwatchingme
a reply to: Hoosierdaddy71
And why are the college administrators paid so much? So stupid. It's profit and indoctrination. Destroy creativity, any initiative to change the world and they're taught to pay attention and show concern for a small set of issues.
Profit over people.
College administrators? As if! The highest salaries for colleges in most states are sports coaches.
originally posted by: ketsuko
a reply to: ScientiaFortisDefendit
The problem with FREE is that it actually isn't. We're all taxed for it. And you do get what you pay for. Look at the wonderful quality of our public education.
College education is free in Europe and my husband sees the caliber of student that comes out of those places. He has had his work ripped off by Euro interns on at least two occasions so they can have a paper for their Master-level degree, and his company currently has workers from all over the world, but very few of them are educated in Europe.