Mortgages that where nowhere near “Grade A” were being resold as “Grade A”.

the shocking rise in delinquent car payments shows the major downsides to car-centric economics.

You’re spending an awful lot of time defending your point

Well it would appear then, that some universities do indeed open financial decisions to the student body on some projects, and further, do respect that vote. I rescind my previous skepticism and overly negative view of ALL university staff.

Do you have any documented cases where a negative student vote was overturned by the university admnistrators in favor of expensive campus improvements?

The sales pitch to the student body was school pride and an improved experience. 

Let’s ask the Federal Reserve as to what the facts are:

Fixed that for you.

Your example is the exception, not the norm. Just like the grenading V6 Honda.

You didn’t say the car had to be new

Living at home is a privileged statement!?

My 1996 Civic worked....

Buying a cheap used car should always be the preferred route over a cheap new car.

Yes, they can’t afford a couple hundred in repairs once or twice a year, but can afford that same couple hundred in car payments every month...

The math does not work out. A $10k used civic with $1K in annual repairs is still cheaper than a new $17K with $1K per year in depreciation.

A cheap local state college at the current rate of $3.6K per full time semester

In my experience a good chunk of that tuition increase has been the turning schools into luxury destinations. Big dollar gyms, massive entertainment centers and sports arenas, posh dorms, fancy student quads all voted on by student bodies

That was a pretty giant leap from “kids shouldn’t buy brand new cars they can’t afford right out of college” to “It’s unrealistic to not have a car”.

I believe the thinking is that Gen Z has the propensity to be better with money because they can learn from the shift in the financial world millennials went through. Millennials were sold a sham of a roadmap to financial success by their boomer parents and then, those very boomers tanked the economy as soon as millenn…

Since my original comment, I must relent that Gen Z has the propensity to more financially savvy than millennials as they had the luxury of learning from the unfortunate reality millennials grew up in and the sham they were sold.