The Daily Reckoning

America’s student loan debt is over $1 trillion, greater than auto debt and credit debt, and second only to mortgage debt, with students averaging $25,000 in debt upon graduation, and two-thirds of all college students graduating with debt. Unemployment for this generation of college graduates is very high, with one-third of all graduates taking lower-paying jobs after college to meet basic needs, with the number of underemployed graduates more than tripling between 1992 and 2008.

Since 1986 the cost of college tuition has grown four times faster than the inflation rate, leaving today’s graduating students with an increasingly large debt burden and fewer prospects.

But what is government’s role in all this? As with the housing bubble, Fannie Mae and Freddie Mac have been deeply involved in creating the education bubble. In this exclusive Daily Reckoning video, we explain why tuition is rising so rapidly and how it can be reversed.

Want to learn more? Sign up for The Daily Reckoning.

The Daily Reckoning

It's hard to believe that more than ten years have gone by since we began writing The Daily Reckoning out of a Paris office back in July of 1999?

Since then, a lot has changed. We have seen the dot com boom and bust... a massive expansion of credit...real estate mania and meltdown?and epic highs and lows in the markets.

Nothing about the past ten years has been boring. And we have been there throughout, trying to help readers make some sense out of our global economy. And hopefully providing a few laughs along the way.

In short, we pen The Daily Reckoning each day -- for free -- to show you how to live well in uncertain times. We aim to make each article the most entertaining 15-minute read of your day.

Recent Articles

A Killer Trade: Make the Grim Reaper Pay

Greg Guenthner

…the grim reaper doesn't exactly make for a sexy sales pitch. Think about it. Why would a trader want to buy death care stocks when he could just as easily play the latest social media IPO? Nobody wants to talk about death. I can see you practically squirming in your chair right now just reading this.


Those Mosquito Bites Are in Your Genes

Stephen Petranek

Ever wonder why mosquitoes favor some people (maybe yourself) more than others? Science finally has a reason. Stephen Petranek explains how a new study out of London says it’s all in your genes.


How to Profit from a Bull Market in Bad Pizza

Greg Guenthner

I told you last week that while retail sales came in flat overall there was one major bright spot. Spending at restaurants was higher. Folks are eating out in record numbers. And these cheap pizza joints are a great way to play the trend.