Student Loans

63 Percent Of All U.S. Jobs Created Since 1990 Have Been Low Wage Jobs

If you have a good paying job, you should probably try to hold on to it as hard as you can, because those types of jobs are steadily becoming rarer.  Since 1990, the U.S. economy has produced millions of jobs, but as you will see below nearly two-thirds of them have been low wage jobs.  Of course this is one of the biggest factors causing the systematic erosion of the American middle class.  Today, half of all U.S. workers make less than $33,000 a year, but meanwhile the cost of living has been steadily increasing.  Housing costs, health insurance and other basic necessities have been rising much faster than our paychecks have, and this has put an enormous amount of financial stress on hard working American families. (Read More...)

12 Statistics That Prove That The U.S. Is Facing A Consumer Debt Apocalypse

In the entire history of the United States, consumers have never been in so much debt.  And that would not be a crisis as long as the vast majority of us were regularly making our debt payments, but as you will see below delinquency levels are starting to rise to extremely alarming levels.  In fact, some of the numbers that are coming in are even worse than we witnessed at any point during the last recession.  If things are this bad already, what are they going to look like once the economy really gets bad?  Because even though it appears that we are heading into a new recession, according to the Federal Reserve it has not officially begun yet.  That means that much worse is yet to come.  Just like last time, millions of Americans will likely lose their jobs, and without an income most of those that suddenly find themselves unemployed will not be able to pay their bills.  The stage is set for the largest tsunami of consumer debt defaults that this country has ever seen, and that will absolutely devastate major financial institutions all across America. (Read More...)

50 Actual College Course Titles That Prove That America’s Universities Are Training Our College Students To Be Socialists

What in the world are they teaching to our young people?  As you go through the list of college course titles below, I am sure that many of you will be completely shocked.  Most parents assume that they are sending their children to college to get prepared for their future careers, but the truth is that a lot of our major colleges and universities have become little more than indoctrination centers for progressive thought.  Our college students are literally being systematically trained to be socialists, and it is working.  According to a brand new Harris Poll that was just released, 37.2 percent of all Americans “prefer living in a socialist country”.  But for Millennials and Generation Z combined, that figure is 49.6 percent.  That means that essentially half of our young adults want to be socialists, and that has enormous implications for the future of our society. (Read More...)

Global Inequality Explodes: 26 Ultra-Wealthy Billionaires Now Have As Much Money As The Poorest 3.8 Billion People

If you add together all of the money owned by the poorest 3.8 billion people living on this planet, it would roughly equal the wealth controlled by the 26 wealthiest men in the world.  Oxfam has just issued a brand new report on global inequality, and what they have discovered is making headlines all over the globe.  The rich just keep getting richer, and meanwhile the slice of the pie owned by the poor just keeps getting smaller.  Today, almost half the world lives on less than $5.50 a day, and approximately 795 million people “do not have enough food”.  And even in a “wealthy country” like the United States, the gap between the rich and the poor is the largest that it has been since the 1920s, and more than half a million Americans are homeless right now.  This growing inequality is a ticking time bomb, and at some point it is going to explode. (Read More...)

19 Things That All High School Students Should Be Told Before They Go To College

Don’t you wish that someone had told you the truth before you went to college?  Don’t you wish that someone had told you that college has become a giant money making scam that is designed to drain as much money out of students and parents as possible?  Yes, college can be a profitable endeavor if you pick your field of study wisely, if you can get someone else to pay for at least some of it and if you can actually get a good job in that field when you graduate.  But most high school students are never told to weigh the pros and the cons before they run off to college.  The typical high school student is simply told to get into the “best school” that he or she can and to take out whatever loans are “necessary” to pay for that education.  Our high school students are assured that those student loans will be paid back easily once they get “good jobs” following graduation.  But the truth is that there are some other things that high school students should be told before they go off to college as well.  They should be told that student loan debt can cripple them financially for decades.  They should be told that the quality of education at most U.S. colleges and universities is a total joke.  They should be told that most college graduates do not get a “good job” once they graduate these days.  They should be told that after they receive their diplomas they are likely to end up flat broke, waiting tables and living with their parents. (Read More...)

Is College Worth It?

Is college worth it?  Is a college education really worth the investment of time, money and energy?  Is a college degree really worth becoming enslaved to student loan debt that will haunt you for decades?  The truth is that a college education is a massive gamble.  For millions of Americans it works out well, but millions of other college graduates have found themselves completely unable to get a quality job in this economy and yet they are still trapped in a nightmare of student loan debt from which there is no escape.  Millions of young Americans have discovered that they have become “indentured servants” the moment they graduate.  The entire system encourages our young people to take out whatever college loans they “need” without worrying how they will pay them back because a college education is such a good “investment”.  Once upon a time, a college education was actually an almost automatic ticket to the middle class.  Today, a college education does not guarantee you anything, but for millions of Americans it does turn out to be an automatic ticket to student loan hell. (Read More...)

College Education?: Shocking New Research Proves That Our College Students Are Learning Next To Nothing

Have you ever wondered what all those college students are actually learning?  Well, according to one shocking new study, they are apparently not learning much at all.  According to very extensive research detailed in a new book entitled “Academically Adrift: Limited Learning on College Campuses”, 45 percent of U.S. college students exhibit “no significant gains in learning” after two years in college.  For many Americans, a statistic like that comes as a complete shock, but for anyone that has spent much time in or around U.S. colleges lately this should not come as much of a surprise.  This new research also found that today’s students spend approximately 50% less time studying than U.S. college students did just a few decades ago.  What this research shows is what many of us have known for a long time – that the quality of college education in the United States today is a complete and total joke. (Read More...)

16 Shocking Facts About The Student Loan Debt Bubble And The Great College Education Scam

As you read this, there are over 18 million students enrolled at the nearly 5,000 colleges and universities currently in operation across the United States.  Many of these institutions of higher learning are now charging $20,000, $30,000 or even $40,000 a year for tuition and fees.  That does not even count living expenses.  Today it is 400% more expensive to go to college in the United States than it was just 30 years ago.  Most of these 18 million students have been told over and over that a “higher education” is the key to getting a good job and living the American Dream.  They have been told not to worry about how much it costs and that there is plenty of financial aid (mostly made up of loans) available.  Now our economy is facing the biggest student loan debt bubble in the history of the world, and when our new college graduates enter the “real world” they are finding out that the good jobs they were promised are very few and far between.  As millions of Americans wake up and start realizing that the tens of thousands of dollars that they have poured into their college educations was mostly a waste, will the great college education scam finally be exposed? (Read More...)