For decades, the U.S. invested ever-growing fortunes into its antiquated K-12 education system in exchange for steadily worse outcomes. At the same time, Americans spent more than they could afford on higher education, driven by the kind of cheap credit that fueled the housing crisis. The graduates of these systems were left unprepared for a global economy, unable to find jobs, and on the hook for student loans they could never repay. Economist Herb Stein famously said that something that can't go on forever, won't. In the case of American education, it couldn't—and it didn't.
How to Be Richer, Smarter, and Better-Looking Than Your Parents (Only Audiobook)
Striking out on your own for the first time is exhilarating. But in a culture full of bad advice, predatory banks, and splurge-now-pay-later temptations, it can also be extremely dangerous - leading you to make financial decisions that could hurt you for years to come. Combine this with a slumped economy, mounds of student loans, and dubious examples from reality TV stars to politicians to your own parents, and it's no wonder so many twenty-somethings are struggling.
How to Be Richer, Smarter, and Better-Looking Than Your Parents
Striking out on your own for the first time is exhilarating. But in a culture full of bad advice, predatory banks, and splurge-now-pay-later temptations, it can also be extremely dangerous—leading you to make financial decisions that could hurt you for years to come. Combine this with a slumped economy, mounds of student loans, and dubious examples from reality TV stars to politicians to your own parents, and it’s no wonder so many twenty-somethings are struggling.
John Perkins started and stopped writing Confessions of an Economic Hit Man four times over 20 years. He says he was threatened and bribed in an effort to kill the project, but after 9/11 he finally decided to go through with this expose of his former professional life. Perkins, a former chief economist at Boston strategic-consulting firm Chas. T. Main, says he was an "economic hit man" for 10 years, helping U.S. intelligence agencies and multinationals cajole and blackmail foreign leaders into serving U.S. foreign policy and awarding lucrative contracts to American business.
Graduation Debt: How to Manage Student Loans and Live Your Life
Graduation Debt is different from the competition because it provides a step-by-step road map for effectively managing student loan debt and having a successful financial life. Yet, it’s completely positive. The focus is less on sacrifice and more on not wasting money, so readers can live better lives while paying off debt.
