Isn’t this a wonderful development? Before they even have the opportunity to find a decent paying job, we are saddling our youth with debt they will spend most of their 20’s and 30’s paying off (via the WSJ):
$22,900: Average student debt of newly minted college graduates
The Class of 2011 will graduate this spring from America’s colleges and universities with a dubious distinction: the most indebted ever.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.