Reply to Wells Fargo ad about millennials eating out

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How shocking. People who face decades of usurious student loan debt and no hope of ever saving a 20% house down payment tend to spend their money on the smallest luxuries their monthly cash flow can accommodate. Who would have thought?[/quote]

I feel like you don't have a good grasp on the meaning of usurious.  [/quote]

And still doesn’t understand that you don’t need 20% for a down payment.[/quote]

Not sure how student loan interest rates of less than 5% are usurious.  I was paying 9% in the late 1990s and early 2000s.  It's not the interest rate that's the issue - rather the cost of college and grad school.  Schools have raised tuition commensurate with the amount of money the government has been willing to lend students.  No one can argue with a straight face that the value of the education provided by most university has increased 200%, 300% or 1,000% in the past 20 years.  If anything, it's gotten worse as students are required to take more classes that do not translate into employable skills (don't get me started on colleges graduating "well rounded students").

That said, students do bear some of the blame.  No one is making them attend private universities, nor to major in something that does not translate into employable skills (or only into low-paying skills).  A college degree is a tool for future use, not an excuse solely to pursue one's passions.[/quote]

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