Millennial income 20% less than boomers at same stage of life

Millennial income did not recover from the Great Recession like older generations', a disparity that can have dire consequences for future generations.

  • A New America report shows millennial income and wealth accumulation lags dramatically behind their parents' and grandparents' generations.
  • Resulting from the Great Recession, rising debt, and volatile wealth flow, this imbalance will impair future generations if not corrected.
  • The report's authors argue the shortfall can be redressed with comprehensive policy changes.
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Elizabeth Warren introduced a bill to cancel student debt — does it have any chance of passing?

Her plan to abolish most student debt has been put before Congress. But does it have any chance of passing?

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  • Elizabeth Warren made a major policy announcement about education back in April.
  • The cornerstone of her announcement, student debt relief, has now been put before congress.
  • The bill currently has no chance of passage, but that could change if the people who support it actually voted.
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Can’t shake your student debt? Thank Joe Biden's votes.

There are many reasons the student debt crisis is what it is, a few of them can be traced back to good ol' Uncle Joe.

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  • Student loan debt in the United States is at crisis levels, as more than a trillion dollars is currently held.
  • Part of the reason the amount is so high is because student loans can't be easily shaken off through bankruptcy proceedings.
  • This is, at least partly, the fault of a certain Delaware Senator who later served as our coolest Vice President.
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Should universities be held accountable for student debt?

On the first episode of The Portal, Eric Weinstein and Peter Thiel discuss the future of education.

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  • On his new podcast, The Portal, Eric Weinstein dives into student debt and the function of universities with Peter Thiel.
  • Weinstein floats the idea of a college equivalence degree (CED) through an online testing system.
  • Thiel notes that if you don't pay off your student debt by age 65, the government garnishes your social security checks.
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Predatory loans and the schools that get poor students to take them

Just when you thought the student loan crisis couldn't get any worse.

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  • Student debt is a major issue facing Americans.
  • The problem is made worse when factoring the large number of predatory schools that exist.
  • Students that go to these schools often take out massive loans but get little out of it.
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