@BLUEJAYWAY said:
Just how in the name of (insert your phrase here) will the debts of credit card,student loans,new car loans, ever realistically be repaid?
Just borrow to oblivion then file bankruptcy, you can even do it 5,6,7 times if they are ignorant enough to keep lending you $$$. Don't worry maybe someday you can even be our leader. Happy holidays!
The student debt problem was foreseen years ago when legislation was passed that said student loan debt could not be forgiven in a bankruptcy. I clearly remember thinking at the time "these guys know trouble lies ahead."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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The student debt problem was foreseen years ago when legislation was passed that said student loan debt could not be forgiven in a bankruptcy. I clearly remember thinking at the time "these guys know trouble lies ahead."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Keep consuming regardless if you can pay for it now. Buy now, pay (?) later. Keeps the factories/businesses operating, people employed.