US Student Loan Debt Exceeds $1.5T

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On top of the $22T 💰 in national debt, student 👨‍🎓 loan debt now exceeds $1.5T, which is a problem for #millenials and #generationz .

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The $22T 💰 in debt has resulted in prosperity for the previous generations as excess #government spending has been propping up the assets that they own like #stocks 📈 and #realestate 🏠. This prosperity has been borrowed from future #americans .

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By guaranteeing student 👨‍🎓 loans, the #US government has inadvertently caused the price of college to skyrocket as colleges are incentivized to increase costs and banks 🏦 have no reason not to push out more loans even if they are bad investments.

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The combination of these two debts will weigh heavily on the younger generations of today and tomorrow.

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The question ❓ is, at what point do millennials and Gen Z put their fist down and say “I’m not going to be part of this economic system anymore. We owe dollars but we can just print those to pay the debts. You can have your dollars, we’ll stick to Bitcoin.”

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