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mk · 4253 days ago · link · · parent · post: Fed Advisory Council warns against college debt bubble, farmland bubble
It's one of the biggest financial distortions that I can think of. The cost of college education doesn't reflect the return on investment, but it's become a trap, because your earning potential without a college education is still quite a bit worse. Tuition rates have almost created an obligatory debt for the white collar work force. Add that on top of a mortgage, and it's no wonder that the middle class is losing wealth to those at the top. A very large number of people spend a decade working for lenders.