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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (51054)1/24/2006 2:18:02 AM
From: Yorikke  Read Replies (1) of 110194
 
Another aspect of this problem is the inflationary cost of Education. The revolution of the Post WWII era that opened up higher education to the middle classes has ended. Doors are quickly closing in dollar terms if not simply as a matter of out right class exclusion.

If you are on the bottom it is hard to even be able to afford to go to a junior college and work half time. Something most people 20 years ago took for granted. Now one has to become so indebted just to get a fair education that it is a major disability for years after the certificate or diploma is granted. And to add insult to injury most schools are cutting back on programs and seats into these programs; often making education an arduous process of kissing a succession of administrator asses just to get into a program.

Public education has lost its support as the Boomers have aged and dragged all their 'just-for-me'isms into late middle age.

I've recently gone back to school to pursue another career. I am shocked by what younger people now face. Quite frankly I can not see them paying for anyone’s retirement in the coming decades, as they are going to quietly refuse to honor already broken generational promises and opt to just pay off their excessive college loans.
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