Are Student Loans the New Mortgages?
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting! A few days ago, I was digging through the NPR Talk of the Nation archives when I discovered one–featuring NYC-based writer, Melody Serafino–that I found particularly interesting. The topic was Melody’s article in News Week a few months back, Subsidized in the City, which touches on the fact that a good majority of twenty-somethings still receive significant funds from their parents to pay for rent, utilities, and superfluous spending. A young man had called in to say that times have changed and young adults are coming out of college with $50K in student loans. Those minimum payments tacked onto rent, utilities and other spending was simply putting their expenses over the edge, thus creating the need to rely on their parental units to help pay the bills. This statement bothered me for a few reasons. College grads nowadays are completely misinformed about their expected post graduation lifestyles. They’re
