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.
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.
Pingback: home business system review()
Pingback: Kate Upton Topless()
Pingback: kenneth tevis()
Pingback: general contractors marietta ga()
Pingback: tree removal atlanta - more info()
Pingback: tree services atlanta ga()
Pingback: tree trimming alpharetta ga()
Pingback: roswell tree removal - more info()
Pingback: water damage repair marietta()
Pingback: more info()
Pingback: kenny tevis atlanta ga - click here()
Pingback: churches in woodstock()
Pingback: thousand oaks photographer()
Pingback: Diet Info()
Pingback: car insurance()
Pingback: WOW Leveling Guide()
Pingback: отдых в израиле кинерет()
Pingback: google sniper 2.0 website review()
Pingback: Potty Training()
Pingback: Paleo Recipes()
Pingback: South Philly locksmith()
Pingback: Colloidal Silver Antibiotic in Thailand()
Pingback: Belanja Online Cari Voucher Diskon, Deal dan Kupon di GrantonWorld()
Pingback: website transfers()
Pingback: website consulting()
Pingback: Hay Day Hacks()
If you’re just tuning in, we’re two parts deep into our three-part conversation with Richard Duncan. Part III continues with talks on globalization, deflation, quantitative easing, the dollar crisis and more. Read on...
Modern anesthesia makes critical operations possible that few humans could survive otherwise. But according to a new study published in the journal Geophysical Research Letters, some of the numbing agents we breathe may also be significant contributors to global warming.
Look, we ain’t gonna see $100 oil anytime soon. That's great news for businesses guzzling a lot of fuel. Operating costs are way down, which means higher profits. And higher stock prices. And yes, you can still find plenty of great opportunities to book profits as companies save money on fuel…
If you missed it, we featured Part I of a conversation we had with our friend economist and author Richard Duncan yesterday. Today, Part II of our conversation with Richard Duncan continues. Read on...
This past Monday, we had a long conversation with Richard Duncan encompassing his perspective on how capitalism has died… Read on for Part I of our conversation with author and Macro Watch publisher Richard Duncan...
Nuclear power has been hammered since the Fukushima disaster in Japan four years ago. But as Greg Guenthner explains, nuclear power is making a comeback as countries around the world appreciate its great potential. He’ll also tell you exactly how to play this trend.