How Student Debt Creates a Generation of Mama's Boys

Well, the Western European/Canadian/Australian world, anyway.

Muslim and Latin American countries seem far more hyper-gender.

 

Well, even in Mexico where I am right now, the high society is kind of the same way (well, the women are quite hot) but the guys are kind of feminine as well. I would assume the same goes in more latin american countries...except for the lower classes.

Asians are the same way too, but every class is more streamlined into ambiguity.

 

Wow, you're spot-on once again.

 

Sorry to disappoint, but not only did I graduate long after the dates you put, I carried a good amount of debt after college (I paid for undergrad without parental assistance. The secret is to refinance from a 10 year amortization to a 30 year one and to just be diligent about paying extra when you have the money.

 

How old are you and when did you graduate if I may ask? My student loan is under control, but I have friends who are crippled by theirs. My "rant" wasn't against you by the way. I've just had a number of Boomer's tell me how it is, and I'm like "No that's how it WAS..."

I'm 33 and worked for awhile/travelled before going to school and graduated in 2004.

 

It's extremely difficult to be "crippled" by a student loan. Let's say you run up loans of $150K for your undergrad, which is pretty tough to do. On a 30 year basis at 5.5%, it's only $850/mo. If you're unemployed or underemployed, you can defer, go to interest only or do a workout.

As for opportunity in this country, there's as much as there ever was. It may not be the easy money of the tech boom, but the ability to make hundreds of millions with a good idea still exists.

 

He's only 33, he's probably only made tens of millions, he needs another 5 years to catch up to the rest of us.

 

Green energy scams!

Network marketing!

E-books!