Skip to main content

Why do millennial have more student loan debt than any other generation?

The lost generation:
Today’s children get prizes and awards merely for participating — this sends a DANGEROUS message to kids:
“We’re all winners.”
This mindset is repeated continuously at the end of each project, event, or season.
As a result, kids grow up expecting awards and praise just for showing up — (by the way, this sounds like socialism.)
This mindset leaves kids terribly unprepared for the harsh realities of capitalism.
Capitalism is ruthless. It rewards only winners, not just anyone that shows up to ‘work.’
Today, these kids are being offered an irresistible deal: “Go to college, and don’t worry; you can pay the massive college tuition with credit, and whenever you find a job with your ‘valuable’ degree, you can pay it back later.”
“I MUST participate!”
So, here they go to “participate,” at a mediocre college, to study a mediocre (and outdated) degree, to finally, AGAIN, get a “participation reward,” called a degree...
Now, here comes real life:
There’s no easy way to find a good-paying job — and even worse — most don’t have a clue how to compete in this ruthless new economy.

Image result for student debt crics


Stuck with no income and monthly student debt payments, they‘re trapped.
I call these young adults the lost generation.

Comments

Popular posts from this blog

What happens to the founders after big tech acquisitions?

Whats App  was founded in 2009 by Brian Acton and Jan Koum — both former employees of Yahoo! In September 2007, they took about a year off for traveling around South America. After buying an iPhone, they saw opportunity in the growing App Store. In February 2009, they incorporated Whats App Inc. in California. After many bugs and failures, the app suddenly started to gain momentum. With growth, however, the costs quickly started to add up, so they occasionally switched the app from "free" to $0.99 so they wouldn't grow too fast. A few years later, in February 2013, Whats App's user base had grown to about 200 million active users and 50 employees. Sequoia would invest $50 million, valuing Whats App at $1.5 billion. In February 2014, just a few months after Sequoia’s round, Facebook, Inc. announced it was acquiring  Whats App  for US$19 billion  — its largest acquisition to date. What happened to the founders after Whats App's acqu...