Debt Slave

This is What Student Debt Slavery Looks Like

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My Two Cents:  This very short article from Bloomberg is self-explanatory.  Since 2001 tuition has grown 57% on an inflation-adjusted basis while the average wage for for an American between the ages of 25-34 has DECLINED 7% according to Brockhouse & Cooper.  Let’s also not forget that you cannot declare bankruptcy on student debt.  It follows you around for the … Read more

Subprime Lending is Soaring Again

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My two cents: Must read article here from the NY Times.  Best quote is from Annette Alejandro who just emerged from bankruptcy and is getting piles of credit card and auto loan applications.  She says “Even I wouldn’t make a loan to me at this point.”  Ah but that doesn’t stop the zombie bailed out … Read more