11:25 Sociology

11:25 Sociology - Personal troubles Debt (school loans,...

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Sociology 01:18 Early adulthood Semi autonomy Physically mature Education Adulthood 1950s – 1960s Cultural Norm Low-interest loans G1 Bill Social Security Unemployment insurances High wages Health care Shift away from social responsibility toward family dependency Child care costs, ¼ after 18, 2/3 early 20s, 40% late 20s Wages declining (starting salaries) Social security + Medicare (raise) Cuts in capital gains, mortgage interest
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Unformatted text preview: Personal troubles Debt (school loans, credit cards) Financial insecurity, financial dependence No health insurance, underemployment Student loan industry Direct Guaranteed govt guarantee loans made by private banks (subsidy market colleges) Excessive liquidity Production factory consumers 01:18 01:18...
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11:25 Sociology - Personal troubles Debt (school loans,...

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