Should Wall Street pay off student debt

[Dill]

(06-28-2019, 02:37 PM)TheLeonardLeap Wrote: Do you have some other questions that obviously can't be answered outside of personal experience with the majority of college kids I have ever met? There isn't anyone out there doing "do you have student debt/do you own an iphone" surveys which you likely damn well knew.

Go to any college campus. Look at how many people are on new macs or iphones. Go to Twitter/Instagram/Facebook during Spring Break. Go to literally any bar around a college campus and see people buying $7 PBRs. Those are the people who will be crying about being poor and being under crushing student debt. 

So to say those people have the LEAST responsibility for their debt is an absurd concept.

Len, now don't get mad. I am taking all of your posts seriously.

But I have to say that "personal experience" here might not be a reliable indicator of any correlation between the students with new Macs and Iphones and those crying under crushing student debt. There have always been students who did not know what they were getting into, but we need more than impressions to identify the trend you are assuming here.

I have spent some time on college campuses, even recently. (Just yesterday (at a friend's invitation) I observed a cybersecurity camp for JS and HS kids at our local university.)  I frequently attend lectures at universities here, in Pittsburgh, and occasionally in DC.  I see lots of students and talk with them.  I see laptops and students buying expensive drinks, but I see no reliable way to connect them to "crying about being poor."  I see a lot of them in the local fast food services, working their summer jobs as I did 50 years ago. 

Based on my personal experience, I'd say Bengals fans are bigger whiners than Steelers fans. But to make that a useful working assumption I'd have to run some tests, create control group or groups. Define "whining" and develop a means of quantifying it; give the Steelers a 6-10 season to equalize the "stimulus" and so forth.  LOL