This is a sign of insufficient resource availability:
Ever since 2012 we have warned that one of the biggest threats arising from the US student loan bubble – which is no longer disputed by anyone except perhaps members of the outgoing administration – is not that it is soaring at an unprecedented pace, that’s obvious for anyone with the latest loan total number over $1.4 trillion, rising at a pace of nearly $100 billion per year, but that the government – either on purpose or due to honest miscalculation – was not correctly accounting for the true extent of delinquencies and defaults…
An the WSJ reported overnight “many more students have defaulted on or failed to pay back their college loans than the U.S. government previously believed…”
How bad was the data fabrication? When The Wall Street Journal analyzed the new numbers, the data revealed that the Department previously had inflated the repayment rates for 99.8% of all colleges and trade schools in the country. In other words, virtually every single number was made to appear better than it actually was…
According to an analysis of the revised data, at more than 1,000 colleges and trade schools, or about a quarter of the total, at least half the students had defaulted or failed to pay down at least $1 on their debt within seven years.
That is a K-stimuli, because failing to pay debt is stressful. It is also a measure of the fact that the younger generation is under conditions of resource restriction. That stress will rapidly combine with fear of physical violence to produce a K-selected psychology, once the Apocalypse closes in.
On top of it all, debt is beginning to not be repaid. As that increases, lenders will stop loaning out money because they will learn it will never be seen again. Once that happens, one large source of free resources will rapidly dry up, and things will spiral from there.
On the bright side, once the Apocalypse goes down and debt becomes a thing of the past, most of your leftist liberal arts universities offering degrees in Womyn’s Studies will be out of business, almost overnight.
Tell others about r/K Selection Theory, because the Apocalypse is incoming
[…] Student Debt Defaults Were Understated […]