The foreclosure crisis in America is only an effect of a much deeper underlying problem: egotistical materialism. The “American Dream” has unfortunately promoted this problem by affecting Americans everywhere, convincing them that it is possible to get whatever they want, at whatever cost. In itself the dream to succeed is not completely wrong—but the cost it often takes is devastating. Americans are realizing that merely getting what they want is not always enough; there are factors which must be considered beyond the end they strive for. These factors often include the ability to provide monetary support and upkeep…taxes, anyone? However, inflation has made the success of even the most meticulous planning exceedingly difficult. In a society with ever-increasing interest rates, tax increases, and a decreasing amount of jobs, the ability to be financially prudent often gives way to excessive loans and debt. Americans are doomed to this fate from the moment that most begin their journey to financial “independence”; when they graduate from high school and enter college.
This brings me to the point which I have chosen as a departure point from this modern confusion and crisis: the cost of college and its necessity is one of the root causes of the foreclosure crisis. The solution: not everyone needs to go to college. Let me hasten to clarify and insist that I believe everyone needs an education to a certain extent. It is a most necessary component in a human person’s life in this modern world, especially since it was not always so readily available as it is now. Now that it is able to be offered to such a large percentage of the world’s population, it would be foolhardy to neglect the opportunity to learn to read, write, and think critically.
However, it becomes increasingly unnecessary as the student reaches an independent age, and yet must continue his education, paying for it out of his own pocket. There are limited resources out there for financial aid, and most students emerge from their necessary college experience several thousand dollars in debt. They are then faced with the harsh reality: a college degree does not ensure job placement. The graduate then seeks to find a place to live, and with their already incurred college debt hanging darkly over their financial records, it seems to matter little whether they add to it or not. Thus the downward spiral begins, and it is difficult for even the most financially-wise person to extinguish before many years pass.
It is obvious, of course, that in this day and age most people must be able to be proficient in many things; thus the importance and popularity of a liberal arts degree. However, this still does not shed even the remotest proof on the claim that all young people should go to college. You see, this is tied back to the age old discussion of quantity over quality. A simple solution would consist of improving the academic quality of the schools in the United States, for...