In my previous post, I argued that it was misleading to represent the issues of recent college graduates (e.g. student debt) as the issues of the younger generation. I pieced together some rough data from the Census and the National Center for Education Statistics that tended to show that the majority of youth are not… Continue reading More data on the student debt debate
Author: Matt Bruenig
Stop saying “the younger generation” when referring to recent graduates
I hate to beat a dead horse on student debt, but I keep seeing unchecked fallacy after unchecked fallacy filling the blogs and news copy. In one prevalent fallacy, writers and commentators refer to college graduates as “the younger generation” or something similar. That is, they cast student debt as a generational issue affecting the… Continue reading Stop saying “the younger generation” when referring to recent graduates
Reduce inequality by reducing inequality
Absent magical accounting techniques, the only way to reduce inequality is to transfer income and wealth from those who have more of it to those who have less of it. There are reasonable disagreements about how best to do that, but one way or another, it has to be done. Despite this reality, armies of… Continue reading Reduce inequality by reducing inequality
Professional degree holders have the highest debt
Recently much was made of total student debt reaching $1 trillion. Although sensational, the number is not terribly meaningful unless it is accompanied by information about how many borrowers there are, what the median debt total is, how the debt is distributed, and so on. I’ve gone over that before; so I wont repeat it… Continue reading Professional degree holders have the highest debt
Do not double student loan rates
All education financing systems try to solve the same problem: students need education before they can make the money necessary to finance it. The natural solution to that problem is to let students get the education first and then pay for it later. This is true of college education just as much as it is… Continue reading Do not double student loan rates