Wednesday, May 23, 2012

The Math

Can some of the people who rule us sit down and do a few calculations. Look at typical student loan debt at graduation. Look at median first job salaries for college graduates. Typical 10 year earnings profiles of those graduates. Then ask yourselves, how exactly are they supposed to buy homes and save for retirement?

For a long time public universities were an affordable option. People could pay more for increasingly expensive private schools, but that was a choice. Now affordable public universities don't really exist anymore.

Obviously what we need to do is spend more time bitching about these kids today and how entitled they are, blahblahblah, as we remove all the opportunities their parents had.