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IPFS News Link • Economy - Economics USA

Owned: How Student Loan Debt Is "Producing a Perpetual Serf Class"

• shtfplan.com

The average college educated head-of-household pays more monthly to student loans than groceries for a family!

How and when will America ever regain a vibrant, prosperous and upwardly mobile middle class? 

How Student Loan Debt Is Turning Us into Serfs

by Joshua Krause

The Medieval era is well-known for being littered with feudal societies, ruled by royalty and served by serfs who kept the system running with back-breaking labor. Contrary to popular opinion though, the serfs weren't exactly what we would call 'slaves.' They definitely had more rights and opportunities than many of their ancestors from the Roman Empire, and they weren't owned by other people.

Instead, they were merely 'tied down.' They often didn't have the freedom to move about, not because there were walls and watch towers keeping them penned up, but because they were beholden to the land. They had to pay part of their income if they wanted to stay on that land, and if they wanted any kind of protection.


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