(02-08-2021, 06:39 PM)HURRICANE!!! Wrote:

(02-08-2021, 03:09 PM)StroudCrowd1 Wrote: I wonder how many people complaining about student loan debt have Samsung Galaxy S21 or Apple Iphone 12's and unlimited data plans.

I wonder how many of those same people have smart watches and an extra line for that watch

I wonder how many of them have Netflix, Hulu, Amazon Prime, Disney+, <insert paid subscription here>

I wonder how many of them have satellite radio or Spotify

I wonder how many of them are making the necessary sacrifices in order to make good on their debt.

Don't get me started on this. When I visit my son in Atlanta, I see everyone out (and I mean the 21 to 30 year old crowd) drinking $15 martinis and $8 craft brews .... wearing their expensive & trendy attire.  In the meantime, I'm still that dude that drinks an hour prior to going out so i only need to maintain a buzz and not dump my $$ into these establishments.

I agree, a lot of people deferring loan payments are those same peeps that are spending their paychecks in the clubs or other luxury items.

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(02-08-2021, 05:28 PM)lastonealive Wrote: So they shouldn't spend any money in order to finance a loan?

Well that's just great for the economy!

No, the point being, pay down your loan which ultimately saves on interest and cut back on luxury items.

I'm with you but if everyone is financially frugal there will be a huge recession. 

Isn't the whole narrative of interest rates cuts that they are good for the economy? So how is taking more money off those who can probably least afford it good for the economy?

University education should be funded by tax as it is good for the economy and society. Also as higher earners are predominantly University grads it is also 'fair' to the 'I don't want my taxes to benefit anyone' crowd.

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