Following the example set by Uncle Sam, people are virtually enslaving themselves with the amount of debt they possess, the difference being that we, as individuals, have no one to tax or no one to unload our debt burden on. The banking system, on the other hand, has nearly unlimited access to the Federal Reserve, where the sign out front reads "Dump debt here." Looking at the student loan market the average debt upon graduation is roughly $24,000, with median pay leveling out at about $26,250, assuming individuals are able to get jobs right out of college. Forget Brave New World, we're in dystopia now.
The US Debt disease
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