|
May 14, 2011Is College a Rotten Investment?Here's a familiar story. Americans had a near-religious belief in the soundness of this investment. Uncle Sam encouraged it with tax breaks and subsidized it with government-backed loans. But then, in the 1990s and especially the 2000s, easy money perverted the market. Prices detached from reality. Suddenly, millions of Americans found themselves holding wildly overvalued assets. They also found themselves without the salaries or jobs necessary to pay off the huge loans they took out to buy the assets.Posted by Jim Zellmer at May 14, 2011 5:38 AM Subscribe to this site via RSS/Atom: Newsletter signup | Send us your ideas Comments
Post a comment
|