Tennessee Is Covered End-to-End with Millennial Debt
Tennessee Is Covered End-to-End with Millennial Debt by Rory for The Daily Coin
Below are two very different and very interesting maps from Yahoo. Normally, I would avoid a mainstream service like Yahoo, but these maps sure have my attention. Of all the states, and the top 100 cities in the country, Tennessee has 4 of the top 20 cities choked with millennial debt. Each of the top cities in Tennessee is going nowhere for the next decade if this situation doesn’t get corrected.
Remember, this is not like another group having debt, these are the people coming of age. These are the people that are suppose to be starting families, buying homes and creating businesses. This appears to be the beginning of the great divide – the “haves and the have-nots” with the middle class being completely eviscerated. With the volume of student debt floating around it is no wonder this is happening. We just question why there aren’t more states that look like Tennessee. With $1.5 to $1.7 TRILLION in student loan debt there is more than enough to go around. Student loan debt leads directly to more credit card debt. It appears all the cities below are not actually participating in the “greatest economy in the history of America”. No, it appears they are moving headlong into some form of economic hell.
There is one bright spot in the story. For those living in Sparta, Tn. they have some the least amount of student loan debt in the country. Maybe this group could help out some of their brothers and sisters in the other cities around Tennessee!
It appears the University of Georgia and University of Florida are really, really expensive schools based on the number of communities being crushed by student loan debt. I guess the Dawgs and Gators are going to have a little something different to argue about in the near future – who gets out of their parents house quicker! WOW!