Thursday, December 24, 2015
The 2008 financial crisis and the plight of 20 year old’s
As a result of the 2008 financial crisis, which is the subject of the movie The Big Short , reviewed in this blog, many 20 year old's have had their potential lives either put on hold for a long time or ruined outright. Due to the greed of already rich individuals who wanted more money at the cost of ruining or completely destroying the world wide economy, the end result is that many young people just trying to start out in their careers have been badly hurt and their futures compromised. After college with huge student loan debt, many young people cannot even get a decent first job and this will affect their financial futures for the rest of their lives. This is extremely tragic and was completely avoidable if the disaster of the 2008 Financial crisis in this country was prevented or never happened in the first place.