When I left college in 1993 I had $35,000 in student loans (approx the same inflation adjusted number as $70k in the current year). I paid twice the minimum, shared an apartment, lived frugally, had no car, and paid them off in 5 years. I also bought a house. Why did you fail?https://twitter.com/lacymjohnson/status/1204963358266593280 …
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2/ my math is NOT off ; I said "current year" (2019), not 2008, and I ran it through an inflation calculator before hand to verify https://twitter.com/verogg/status/1206648085557825537 …
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3/ Yep, that, NOT the cost of housing or the real estate crash of 2008 [ two arguments that pull in opposite directions, actually ] is the explanation for why she's in debt. https://twitter.com/stephengracin/status/1206652157560266757 …
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Replying to @MorlockP
2009 had high unemployment.she could have missed some wages for a few months thatakes a big difference long term (debt accrue and you need more debt to eat and live under a roof those months). Still ofc she is responsible for her failure given that the economy has been very good
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if you miss wages, you make up for it by working more later my business cratered in 2008 and I lost everything - ended up declaring bankruptcy in 2014. I've worked two jobs since then, upgraded from my old house to a massive farm, and paid it off in full at the age of 47.
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