Student loan debts are becoming major problem

Discussion in 'Economics' started by smitsky, Apr 11, 2006.

  1. Chagi


    You have a good point regarding the choice of TVs, though I also deliberately exaggerated the high-end example somewhat. My point was mostly that many people seem to live far, far beyond their means, whether we're talking about TVs, cars or toasters (my girlfriend told me about something she saw on Oprah where people were buying $2,000 toasters...).

    I've actually been considering buying a low-end HDTV instead of a traditional tube TV, but I should say that I've been thoroughly unimpressed with the majority of lower end LCD TVs that I've seen. The image quality on some of the cheaper LCD TVs is just terrible in my opinion, I haven't seen anything going for less than $1300 CND or so that piqued my interest.
    #11     Apr 16, 2006
  2. SFabish


    Not to mention can't find jobs after graduating .... this site is very enlightening....take a look when you have a second.... Americans are drowning in debt....

    It's worth looking at...

    I agree with you..........
    #12     Apr 18, 2006
  3. trkarl


    Here is another site packed full of info on this country and it's debt . . I left my job back in 2001 to cash in my stock and paid off our house and all debts we had. Granted we don't live in a huge mansion and drive new cars or motorhomes etc. but we have security in that if my wife and I both lost our jobs we would be fine for 10+ years. I started my own business and now work for myself part time hours. My wife is an RN and also works part time. We're not rich but we have plenty of time to enjoy our lives not being saddle by debt and having to work our arses off to pay for it. I watch people in my neighborhood constantly buy new toys but they work so much they can't play with them or enjoy their kids or anything. To me its just not worth it. I personally won't go into debt ever again if at all possible. Just my little rant.

    #13     Apr 19, 2006
  4. Chagi


    Sounds like a very intelligent way to go, I hope to do the same for myself someday.
    #14     Apr 19, 2006
  5. Kleiner


    Yes, college is expensive and getting even more so. But the people who are willing to pay the "price" go to college. Poor kids who work their butt off and get full ride scholarships, those who work all through college to pay, and those fighting in Iraq right now to have a chance at college when otherwise not financially feasable.

    This is without mentioning the many possible grants, and no-interest until you graduate loans the government offers.
    #15     Apr 24, 2006
  6. That awesome. I have just my mortgage, which I could pay off, but my fixed rate is low, and I like the measley deduction. You must have read Millionair Next Door. Ironically though, if more folks were like us the US economy might collapse, because consumer spending is such a big part of GDP.
    #16     Apr 24, 2006