Caught in the debt trap
REGARDING "One story from 'Generation Debt,'" I really feel for this guy, and am reduced to seething rage and depression going through the same story.
The one and only objective any business or employer seems to have is to cut away the paycheck. That just doesn't make any sense whatsoever to me. Where the hell are consumers supposed to get the money that is absolutely required to make this stupid economy run? Every cost a business incurs is passed on to the consumer. It's perverse!
I have two master's degrees that should be evidence I can think, write and, for God's sake, learn! I've been shoved out of the teaching profession by the adjunct employment system, had my self-taught highly honed experience with graphic and Web design eroded, and wasted away because I'm overqualified and older than 27.
I'm thoroughly convinced that, after a year and a half of not qualifying for even a job at Target, for God's sake, everything I've worked for, all of my values held in integrity and honesty, are for nothing. Nothing. Depression has so burned me out that most days, I just don't care.
This is a direct product of the way the human resources and the "at will" employment garbage has destroyed a highly capable man who finds himself with absolutely no way to fight back.
Savings and IRA are tapped out and gone. Credit is over. Student loans amount to nearly $90,000. There is no way to pay this debt. The student loans are immune from bankruptcy. That means they are the same as debtor's prison; I will have my wages garnished for that first (God willing I get another job!) before I see a dime for living expenses, much less anything else. I am trained as a professional, and have never, ever taken a vacation. Ever. Unaffordable.
I hope this young man and the other folks who have gone through what he has enjoy some good luck. I really do.
Ric H., from the Internet