The problem with the nihilistic "Live fast, Die young, Leave a good looking corpse" approach to life is that most won't die young. And decisions made at age 22 come back to bite them at age 44. And barring a Jubilee they will have the same problem at age 88.
When they're trying to drag the not-so-good-looking corpse to the food bank.
From Newsweek, December 14:
Student loan borrowers are making a controversial decision that counters all conventional financial wisdom.
Americans hold $1.77 trillion nationwide in student debt, but some 20- and 30-year-olds are foregoing the expectation to repay those loans.
The new shift in attitude comes as some Americans believe homeownership will be out of reach for their entire lives, so instead of worrying about their credit scores, they're deciding to focus on what makes them happy in the meantime.
"This is what they call 'doom debt'," X user @WallStreetSilv wrote on the social media platform. "This is a common discussion among people in their 20s and 30s these days.
They simply aren't planning to pay their student loan debt. They don't care if their credit is ruined, because they are never going to be able to afford a home anyways. So, the attitude now is, just ignore it and live for today. From their perspective, it sort of makes sense and I don't blame them."
Today, the median home price in the United States is $431,000, and American's tens if not hundreds of thousands in student debt is quickly making this dream out of reach.
'What If I Don't Pay My Student Loans?'
These conversations are taking place after a video in which a TikTok user named Sarah Rebecca Cook shared she's not ever planning on paying back her loans."People are like, so what if I don't pay my student loans? What are you going to do? Ruin my credit so I can't buy the house that I wasn't even going to be able to buy ever in my lifetime anyways?" Cook said in her video....
....MUCH MORE
