When the choices are pretty much acquire debt or die/starve, it’s not much of a choice. Prior generations were offered amazing work opportunities plus past legislation making the ladder to financial freedom much more difficult to climb, what did they expect?! Like how are they the ones struggling to understand why this is happening…Says a whole lot about their level of detachment from reality.
Late stage capitalism is basically reverting back to feudalism. You have a handful of oligarchs who own everything while the rest of the population is in debt up to their ears and owns nothing. The debt slaves are then forced to toil without any hope of actually getting free.
When college leaves you in crippling debt, jobs pay pennies, and inflation has eaten up all real wage gains, this feels inevitable.
Debt? This is the generation that witnessed a $700b bank bailout. When we see the word “debt” now we assume it means “grant.”
The trick is that you already have to be rich for it to be a grant, if you’re poor it’s just debt.
