Reality check from the smartest person I know: Once the cadre of high earning debt slaves gets on grip on its scholastic debt pack, they will start saving for retirement.
Good point. Ain't gonna be no Soshal Securitay.
Friday, May 4, 2012
40 Years of Pent Up Demand
I argued with the smartest person I know that the student loan crisis is a boon to the extent that it represents pent up demand. In eight to fourteen years, as the existing student debt burden becomes manageable, edumacated peeples will start to ping the bling, buying up timeshares, Mercs (as in Benzos, not camo-faced ex-Marines), Tag Heuer watches, commercial real estate, and fancyfancy children's clothing.
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