Equity and debt articles
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Student debt is bad, student debt bailouts are worse
Student debt, a new Gallup report shows, is making it harder for young people to reach key life milestones. According to a Gallup survey of over 14,000 adults, over 70% of people say student debt has “delayed major life events” including moving out of their parents’ home, getting married, and having a child. Strikingly, there […]
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How we all got into debt
Student loans continue to burden adults decades after they’ve left school, and credit card debt haunts many Americans. On the flip side, many of us make leveraged investments in our homes, taking out mortgages to buy houses that we expect to appreciate in value. In other words, debt structures American lives in myriad ways. But, as historian Louis Hyman writes, this is a relatively new thing. In the nineteenth century, Hyman points out, if an individual needed credit, they turned to friends,...
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Dave Says: The Walking Debt
Dear Dave, A few years ago, I had a real problem with credit card debt. Since then