College Debt An Unbearable Tsunami

Yet, another reason why college is a bad investment.
In my first post I wrote briefly why college is a bad investment, now in this post you will see that not only college is a bad investment but it is becoming worse and worse as time goes by.

In this economy that job market continuously worsening still many parents encourage their kids to go to college and university to earn a degree in order to secure their future. It is painful and heartbreaking that these parents do not see what is going on behind the curtain. Statistics shows that since 1978 cost of college has increased 900% while household income only rose 150%. And worst of all for the first time in the U.S, history student loans outweigh Credit Card debt in the U.S.