The Next Chaos

 “We’ve got $1.7 trillion in student debt on the books and we’ve got 7.6 million open jobs right now.....most of which don’t require a 4-year degree.”

-- Mike Rowe quote

I paused over this yesterday, and it's been on my mind.

If you use BLS numbers....around 60-to-64 percent of jobs in America require NO degree or college time (2020 data).

I would imagine if you asked questions....from  the remaining 35-percent....at least a third of those jobs could be done by a person with a year (or two) of community college.

This student debt crisis to turn into a big deal?  I'm guessing by late summer....this will be a top-three problem.

Numbers?  Presently, around 42-million Americans have some type of student debt. It's roughly 16-percent of 'adults'  in the nation.  Amount?  $1.6-trillion (more or less).

I spent an hour yesterday watching videos where the 'stupid-students' vowed not to re-pay the loan.  One sat admitted....they had a worthless degree and were barely making it with $40,000 on income.

My general prediction?  This group of angry graduates who are super-under-employed....standing there with worthless degree and refusing to pay....will spoil the whole government loan  'Frankenstein'.  So by spring of 2026....it'll be noted that gov't loans will come to an end.

What follows then?  Massive chaos with the colleges, and meetings over how to cut payroll and costs. I'll  suggest that almost 30-percent of all professors will be let go.  What they do next in life?  Unknown.

The curious thing will be the 'rage' of 16/17 year old high school students...realizing their dream of x-college....is now doomed.