thestatedtruth.com | February 9, 2020
This was a time bomb waiting to happen, especially since most colleges have spent millions on expanding campuses for more profits and ever increasing student populations. To bad they didn’t use common sense in their actions! Authored by Wolf Richter via WolfStreet.com, With college costs blowing through the roof, with “luxury student housing” and not […]
thestatedtruth.com | January 10, 2019
Interesting Stats Are you in the middle class? You probably think you are, according to new research from the Pew Research Center, but that doesn’t necessarily mean you’re right.As HowMuch.net explains, it turns out household size is a major determiner of status in the lower, middle and upper classes.
thestatedtruth.com | December 20, 2018
Hmm…Massachusetts ranks No. 1 for the percentage of its residents 25 and older—42.1 percent–who have earned at least a bachelor’s degree. (CNSNews.com) – California ranks No. 1 among the 50 states for the percentage of its residents 25 and older who have never completed ninth grade and 50th for the percentage who have graduated from […]
thestatedtruth.com | July 23, 2017
Once governments perfect Quantum, there will be a new world order and Bitcoin and other cryptocurrencies may be the first easy target. This means many things thought to be secret – won’t be secure in the not to distant future. Quantum is in early stages of development, but it already can break 32 characters long passwords […]
thestatedtruth.com | November 14, 2016
An idea whose time has come … Trump has proposed capping student debt at 12.5% of their income and a debt forgiveness at 15 years. Yes this will cost something, but it is the only way to unwind the unfair practices of the Clintons, who made student loans non-dischargable in bankruptcy. But then the […]
thestatedtruth.com | January 7, 2016
Boston area’s Route 128 wins out over Silicon Valley, as Bloomberg’s ranking of the most innovative state in the U.S.. Massachusetts is the most innovative state, with California scoring a close second and Washington, New Jersey and Connecticut rounding out the top five states, Sources: Bloomberg
thestatedtruth.com | November 1, 2014
Rolling Jubilee… some say it’s about good vs. evil. But in reality it’s all about money and trying to fix the sales pitch from government and schools directly aimed at students which aggressively encourages student loans, and in the end it’s about fixing the pain of life long encumbrances caused by that sales pitch. The totality of college debt […]
thestatedtruth.com | January 1, 2014
Just wondering…..Is the U.S. consumer tapped out? If so, how in the world will the U.S. economy possibly improve in 2014? The bottom 50 percent of AGI (Adjusted Gross Income) households have an income cutoff of $34,823 meaning that over 68 million US households now live on an AGI of $35,000 or less. Most Americans know that the U.S. […]
thestatedtruth.com | November 18, 2013
Back in December of last year, Apple’s co-founder Steve Wozniak talked about IT (Information Technology) Forecasts for 2013. One of his thoughts listed in Forbes click here: (http://www.forbes.com/sites/ericsavitz/2012/12/13/woz-the-great-and-powerful-his-it-forecasts-for-2013/) involved BYOD. That stands for Bring Your Own Device, meaning iPad’s and cell phones that can work on office projects and utilize computer access from anywhere. Here is a […]
thestatedtruth.com | September 26, 2013
Based on the graph below, a new car is the deal of the decade, in fact it’s the best deal going back multiple decades! Wise Dog
thestatedtruth.com | September 26, 2013
“Soaring higher education costs are further widening the achievement gap as non-wealthy students are forced to become debt-serfs to pay for college”. This is a system that forces poor and middle income households to shoulder student loans for decades in return for marginal-return degrees. It is wrong and recklessly predatory. Yet this is the system that […]
thestatedtruth.com | August 6, 2013
There are 28 million Americans with federal student loans, 60%, or 17 million, don’t pay the U.S. government a single cent! Yep, nota, zippo, zero….not a penny!
thestatedtruth.com | November 15, 2012
A wise old Owl sits and watches with ruffled feathers… Quotes for the day! “Education, n.: That which discloses to the wise and disguises from the foolish their lack of understanding.” — Ambrose Bierce “Education is an admirable thing, but it is well to remember from time to time that nothing that is worth […]
thestatedtruth.com | October 29, 2012
Maybe it’s just aa simple matter of to many video games……or not!
thestatedtruth.com | October 17, 2012
This is the Canary in the coal mine for colleges……trade schools get hit first, then private universities, and then state colleges and universities. The big growth cycle is over for education. The student population is buried in record amounts of student loans and debt, and this will take a long time to work off. A […]
thestatedtruth.com | May 12, 2012
So, Governor Brown, do you still expect to see Californians vote themselves a tax increase….get real. California’s projected budget deficit has ballooned to $16 billion from the $9.2 billion estimated in January, according to California Governor Jerry Brown, and he warned of more painful spending cuts dead ahead. “We will have to go much further, and make […]
thestatedtruth.com | May 7, 2012
Yikes….inquiring minds wonder how much more student loan debt these college kids can rack up…hum, this really is an unending spiral! U.S. consumer credit soared by $21.4 billion in March on expectations of $9.8 billion rise, or the fastest monthly expansion since March 2001. Of the toatal, a modest $5.1 billion was from real credit, or revolving style credit-card […]
thestatedtruth.com | April 29, 2012
Message to students…Hello down there, hang on and don’t worry about a thing… we’re here to help! Not! There was a big fight in D.C. this past week over student loans. by Bruce Krasting The issue is a scheduled increase in interest on new student loans from 3.4% to 6.4% set for July 1. Clearly this […]
thestatedtruth.com | March 22, 2012
The climb of student loan debt is simply unbelievable in the economic picture of things……it truely is the gift that keeps on taking! U.S. student-loan debt reached the $1 trillion mark, as young borrowers struggle to keep up with soaring tuition costs, according to the initial findings of a government study. The figure, which is higher […]
thestatedtruth.com | March 12, 2012
Hmm…This one’s easy, it’s student loans! Just a freckle short of a trillion dollars!
thestatedtruth.com | March 7, 2012
They got to be kidding….nope, consumer credit rose $17.8 billion in the latest monthly data, on expectations of $10.5 while non-revolving credit, i.e., auto and mostly student debt rose $20.723 billion and had the highest sequential jump in this category ever! Yes EVER! At the same time…after tax incomes fell for the second time in three months after adjustments, according […]
thestatedtruth.com | March 5, 2012
Bad seats, hey buddy……especially if you have a student loan! We have said repeatedly that this was going to happen, and rest assured we feel it will get worse. Lots worse! 10 percent of the outstanding loan balance shows delinquent in the third quarter of 2011, and as many as 47 percent of student-loan borrowers “appear to be […]
thestatedtruth.com | February 8, 2012
Student debt is rising to records with almost every government consumer report, and for a mulitude of reasons. They include steadily spiraling college costs, financial aid cutbacks at public universities and a weak economy to name a few. And schools across the country are encouraging it because they need the money, most having expanded rapidly in the past few years to accommodate growing but seemingly unsustainable enrollments(let’s […]
thestatedtruth.com | January 18, 2012
“I have never let my schooling interfere with my education.” – Mark Twain
thestatedtruth.com | January 18, 2012
We’ve been wondering the same as new cars are flying off the lot…….American households “have been spending recently in a way that did not seem in line with income growth. So somehow they’ve been doing that through perhaps additional credit card usage,” Chicago Federal Reserve President Charles Evans said on Friday. In an other ominous sign […]
thestatedtruth.com | November 30, 2011
It’s called “Take a shot”….“We have a situation where a lot of people are struggling financially — the last thing we should be doing is telling people to go out and gamble,” said Hann, a Republican from Eden Prairie. Now Walmart wants to sell lottery tickets, and no doubt soon the food stamp money will […]
thestatedtruth.com | November 13, 2011
Wireless and mobile….the only way to go now days! But the 7″ screen seems a bit small to us. From the LA Times: Amazon.com Inc. will allow users to use Hulu Plus on its upcoming Kindle Fire device, adding a major source of TV and movie content to its tablet arsenal. The 7″ tablet, which […]
thestatedtruth.com | October 27, 2011
Americans have about $950 billion in student loans, and it’s more than all other credit-card debt totals…so the one thing’s for sure, this problem isn’t getting better until the economy does! The weight of those IOUs is a frequent refrain for Occupy Wall Street protestors and their online supporters. On the “We Are the 99 Percent” Tumblr blog, […]
thestatedtruth.com | October 16, 2011
Let’s look at the thoughts of Robert Reich’s mission and not worry about it being Democratic or Republican…because as he explains things, it makes a lot of sense…. as for us at TheStatedTruth.com, well remember we’re just the messenger! Robert Reich: “Look at the Progressive reforms between 1900 and 1916; the New Deal of the 1930s; the […]
thestatedtruth.com | September 18, 2011
We have literally buried our young college students with a debt burden that will change their lives for decades. But nobody’s paying attention as the colleges need every penny they can get. Looking at the chart below, it’s shocking to see that student debt has almost quadrupled in less then three years! Shocking! The unemployment rate for […]
thestatedtruth.com | September 14, 2011
SAT Reading Scores for 2011 hit an all-time low, but here’s the reason why….In 1973 at the begining of this chart, and in fact before about 2004, only students planning to go to college took the test. Now, schools encourage…and in some states make, every student take the test. That makes the average drop, drop, drop. h/t John […]
thestatedtruth.com | September 8, 2011
But wait until you see why? Non-revolving debt, mostly comprised of educational loans along with loans for autos and mobile homes, rose by $15.4 billion in July, while revolving debt, which includes credit cards, fell by $3.4 billion. The rise in non-revolving loans was the most since November 2001. We’re going to totally bury (by educational loans) the future pole bearers of our […]
thestatedtruth.com | August 5, 2011
The background indicates that this isn’t good news….here’s why. Both Visa and Mastercard have seen credit card use increase, but they have explained that the consumer seems to be tapped out and resorting to credit cards as a source of funds. This would make sense considering how tough the economy is currently. The most interesting aspect […]
thestatedtruth.com | June 6, 2011
Is an education really worth the cost? In many cases the answer is YES, but in many other cases the answer is NO, and especially involving  “for profit trade schools”! The cost of education is becoming onerous and student loans are littered with financial landmines. Many are given to students to attend for-profit schools that will yield very […]
thestatedtruth.com | April 12, 2011
Ah, This is easy to understand, energy and college expenses are top inflation runners since 2000. Courtesy of the excellent dshort.com, here is a chart of inflation from 2000 to Q1 2011. In a low-inflation decade, tuition has more than doubled. This is the acme of unsustainability. Students loans are the only sector of credit which […]
thestatedtruth.com | April 10, 2011
Here is why things are broken for baby boomers, and unlikely to get a lot better any time soon! The interesting thing about the post-war baby boom and our guns-and-butter generation isn’t what happened during or as a result of this population tidal wave, but what didn’t happen: the birth rate in America abruptly fell […]
thestatedtruth.com | April 9, 2011
From Chapter 4 Of The Book Endgame: What it shows is that employment is very skewed, as is income. This was as of the end of 2009, but the principle is the same. The clear problem in the United States is this: If the highly skilled have 2.5 percent unemployment, how do you reduce that? […]
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