Marjorie Sener was still in her 20s when she took out a loan for about $5,000 to get some college credits she hoped would eventually add up to a bachelor’s degree. That goal was thwarted when her partner became ill. “The burden of our living expenses fell on me,” said Sener, who lives in the Dallas suburbs. “I devoted all of my resources to keeping our heads above water.” But while Sener never got her degree, that student loan kept growing, fattened by compounding interest.
Not a straw man. Personal experience. I’ve spent most of my life in Europe, in several different countries. And spent more than a decade in the US.
I can comfortably say that most Europeans, especially those in the middle and on the lower end of the income scale live vastly more comfortable lives than most Americans with similar incomes without having to worry about medical bankruptcy and crushing student debt. Not to mention having the time off to travel and parental leave to form families without all the financial stress Americans experience.
Not a straw man. Personal experience. I’ve spent most of my life in Europe, in several different countries. And spent more than a decade in the US.
I can comfortably say that most Europeans, especially those in the middle and on the lower end of the income scale live vastly more comfortable lives than most Americans with similar incomes without having to worry about medical bankruptcy and crushing student debt. Not to mention having the time off to travel and parental leave to form families without all the financial stress Americans experience.