My high school buddies started meeting for lunch about once every three months.
One of the side-conversations that I was privy to follows:
G: When you turned 18, did you start getting two, maybe three pieces of mail every day offering you credit cards?
B: Nope. I DID have a credit card at 18, though. My dad took a day off of work and we both went to the bank and I was extensively questioned. My dad wanted me to have a credit card because my college program was alternating terms of school and working.
G: I didn't get any either. My kids were buried in mail telling them that they had $5000 just waiting for them. All they had to do was to mail the blow-in back.
G: Really pisses me off. The government says these kids aren't mature enough to buy their own healthcare until they are 26. The government kept trying to forgive their student loans because the 22 year-old kids getting Master's degrees were too stupid to know what they were getting into...and yet they allow banks to offer credit cards at 23% interest rate to be handed out to every 18 year-old with a pulse? Crazy!
Logic
It would be logically consistent to not allow any student to enter college before they were 22 nor to enter graduate school before they were 26.
They would be expected to work from 18 to 22 in any job they could find. Military would certainly be an option.
Oh, and no credit cards until they are older than 22 year-old and have six months of W-2s indicating that they can pay their debts off.
Alternatively, start educating kids as it was done one hundred years ago.
ReplyDeleteEven sixty years ago, early twenties was old enough to hold a serious occupation, get married, and begin a family. Education is key.
The necessity of remedial classes in college is but one indication of how education has fallen. I advise not playing to weakness; up the standard and see real growth.
Debt is slavery. And the evil criminals running things these days want to entice people on too the debt treadmill where most end up staying till they die.
ReplyDelete