Tag Archives: personal finance

(938) US student debt racket

jailWithin the vast net of financial scams and debt-based swindles that compose much of the source code underlying modern American life is an education-related indenture of $1.3 trillion.  This generational thrashing is the stuff of revolutions, surely.  Is there not a single history degree out there in the hands of the direly mortgaged young Americans?  Education was supposed to be one of the things motorizing the new economy.
Wasn’t it?
Stop paying your student loans and debt collectors can send US Marshalls to arrest you
boingboing.net
The feds are now arresting people for not paying their student loans
vice.com

(926) Affordable Internet

digital divideThe Internet is pretty much now a necessity, especially when it comes to looking for a job or studying.  ACORN Canada calls for a national affordable Internet policy in a new report so that low income Canadians won’t be left out of the advantages of connectivity.
Internet for all: Internet use and accessibility for low-income Canadians
16-page .pdf file
Anti-poverty advocates call for affordable Internet. The high cost of home Internet services is taking a bite out of food budgets for low-income Canadians, new survey shows
thestar.com

image: RV1864 via Flickr/CC

(915) Apres 1976: generational lockdown

UBCAt what point does a society consciously decide to move off of a real estate bubble?  Can we even think of doing so?  Recent data from a University of British Columbia professor reveals the standpoint of Canada’s youth in regard to the “benefits” of home ownership.  A sample: it would take 23 years for a young person in Vancouver to save the downpayment on a typical mortgage from a typical wage.
Young people have it tougher than parents: UBC prof
bc.ctvnews.ca (video 1:40)

(899) Debt, debt collection & African Americans

ppbDebt, poverty’s nasty sibling, is the topic of an ongoing series in US magazine ProPublica.  In part four, linked below, the effect of debt and debt collection on African Americans is examined.  A particular suburban field-of-dreams is mentioned.

Why small debts matter so much to black lives. Due to the racial wealth gap, black families have far less in savings than whites. The consequences can be far-reaching and often severe

(888) Student debt republic

US student debtLess-than-the-best housing is an up front tactical issue for students. A deferred, strategic issue, and probably the more socially worrisome of the two, is the enormous debt they can wind up carrying.  Not a pretty trillion-dollar picture in America.

Where do Americans have the most student debt? A new map tracks the growing crisis down to a zip code citylab.com

Student debt can hurt women more than men. A loan can be more financially painful for women, whose pay doesn’t grow at the same rate as men bloomberg.com (video 5:07)