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Seniors rule in student debt– senior citizens that is

This article from Hanah Cho at the Baltimore Sun is filled with horror stories about senior citizens who are being crushed by too much debt from the medical industrial complex, the food industrial complex and our old favorite, the college industrial complex. Actually, I hate to lump the food industrial complex in with the other two because the food industrial complex does a pretty good job of keeping prices low. At least relatively speaking.

In one factoid, 17% of the student debt is owned by adults 50 or over. And I bet this figure doesn’t include the student debt that the parents and grandparents owe because they co-signed the loans of their precious snowflake who just had to have that degree in postindustrial neobiological structuralism.

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  1. They’re all moving home, freighted with debt
  2. Student debt clock
  3. NYTimes Notices Student Debt
  4. Walter Kirn runs for Senior Class President
  5. And what about graduate student debt?

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This entry was written by admin and posted on May 28, 2012 at 11:42 am and filed under Uncategorized. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.

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One Comment

  1. I met an older man, I believe around 65, about 8 years ago who still owes student loans. He told me that he defaulted a long time ago, and the government will NEVER get his money. He went on about how you can’t trust the government, and bad things are going to happen to the economy. I think he got past the wage garnishments by bartering. I was only 13 at the time, and always believed in “my” country and my government because, well, my parents told me so. Luckily, I didn’t write him off as crazy and started to think critically about my life and the world shortly after. Turns out he wasn’t too far off, huh? Now, being 21, people write me off as nuts when I try to even suggest the economy is crap and there are horrible things going on.

    1. CeeCee on June 3rd, 2012 at 3:12 pm