Between college and housing, you can force an entire generation - men and women - into debt serfdom. School loans equate to a mortgage without a house, and most still buy the house on top.
Debt will always be encouraged because our entire system is based on its proliferation. Plus, it gives the banks a chance to charge insane interest on money created from nothing, or seize the underlying asset if someone doesn't pay.
You are viewing a single comment's thread from: