What’s hurting millenials the most, day to day, is not CEO bonuses, nor is it an unfair tax structure. We don’t have to pay for that each month. What’s keeping us down is the thousands of dollars of debt we incurred because they told us we had to. You Absolutely Must Have a Degree, society said.
That’s ComPost’s Alexandra Petri giving you something to ponder while putting your graduate degree to work at the Gap. Last week the College Board revealed that Americans owe more in student loans than in credit card debt, and that amounts to a whopping $1 trillion. College tuition has doubled since 1988, but income … not so much. Petri argues that if you take out the student loan factor, there wouldn’t be much of an Occupy Wall Street movement.