213 - College Girl "Debt" Bubble

Here's what Steve has to say: "There's a story in the US media about $1.2T in student loan debt. Give us your take on the ~65% of college students & grads being female and young men not taking the bait anymore after stories like Texas politician Wendy Davis (aka "abortion Barbie") divorcing her husband literally *the day after* he paid off her student loans." Well thanks for your question Steve. And thanks for the links to the two stories you sent me. The first of these stories I want to cover is the NBC story called Burdened with Record Amount of Debt, Graduates Delay Marriage. The story says that there's 1.2 trillion worth of college debt in the United States and that people can't participate in the American Dream because they are working as baristas and paying over a thousand dollars a month in many cases. To understand the college debt bubble and how women fit into it we have to understand why more women are choosing higher education. Women are always late to the party when it comes to social trends. Men are the early adopters of most technologies and end up making the majority of the money in new fields because we can use our critical thinking skills to see trends before women. College was a good investment in the eighties and the nineties when it was something that was rare. There was a low supply of college educated people and a high demand for them. I remember everyone telling me that I needed a college degree in the eighties and nineties and so I went to University. My choice was photography/film and video in a fine arts degree. And I knew that my profession was a fun one so that meant I would have to compete and outdo most of the other students and obliterate my competition by providing superior products and services. And work harder then everyone else so that I would actually have work in my field. Many of the young ladies going to college these days see how women only ten to fifteen years ago were able to succeed with a degree and they are seeing time in slow motion. Most people understand that men can perceive space and time differently then women. We can more accurately extrapolate future trends based on the current environment around us because of our ancient hunting skills. We had to predict the probability of the mastodon or mammoth and which direction it was going to run into so we could accurately hit it with a spear. While women gathering berries and vegetables didn't not to predict where the berry was going to go. It was on the bush and wasn't going to move unless another woman got to it first. So women had to learn to co-operate instead of compete with each other.

Burdened with Record Amount of Debt, Graduates Delay Marriage

http://www.nbcnews.com/business/perso...

Wendy Davis Divorced Husband Day After He Finished Paying Off Her Student Loans…

http://weaselzippers.us/168394-wendy-...

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