/biz/ - Business & Finance

>>51536344
>why are we the only ones doing this?
We're definitely not the only ones, I think the reality is that the vast majority of people don't really think about things or are honest with themselves about what they really want, and just do what they think they're supposed to be doing according to some nebulous societal standards. Go to school, go to college, get a job, meet a girl, get married, buy a house. The societal standard of what people should do with their money is usually put it into a 401k and a mutual fund, buy an expensive house in a suburb and "build equity". Unfortunately the societal standard is also, go into debt for college, go into debt to buy a car, go into debt to fund a wedding, go into debt to buy a house. This locks you into the rat race (need a job to pay off debt) and a certain mentality of thinking, both that it's okay to buy things you can't afford on credit, and not only that but that you SHOULD be buying ludicrously expensive things with ludicrously high loan amounts, because everybody else is doing it and oh wow look at your friends' big houses and expensive cars! If you don't do this you are not living up to society's standards and will be left behind!
This is obviously very good for a very small part of society that is giving out those loans, and horrible for everybody else. It also leads to people thinking of money as an abstract concept, something that you can create more of out of thin air via debt. It places a lot of value on numbers and next to no value on real, physical assets - well, except for houses, but real estate is another giant ponzi scheme in this country, at least it has been for the past 25 years or so. Society wants you to put your money into a 401k because this benefits the elites. You give them your money to play with and make even more money off of. They can't make money off of your physical PMs. They can't make money off land you bought with cash. That's why nobody does it, because THEY don't want people to.

>>51315368
>>51324605
Because bailing out banks was "good" for boomers (ie home owners) and since they're a bunch of selfish, entitled old fucks they need to make up shit for why something that wouldn't benefit them for the first time in their life, shouldn't be done.
Not to mention, nobody gets loans to take gender studies, the vast majority are nothing but a bunch of bitches with rich daddies that want to party and be whores in college.