Carol Roth

And by the way, not to get, you know, sort of woo-woo and psychological, but it does cause real issues.

You know, it causes more divorces.

It causes stress that leads to healthcare issues.

Money and worrying about money is a real issue, given sort of how people used to be able to run their lives just a short time ago.

It really is a stark wake-up call.

It's such an interesting observation and very different from what we've always been taught, right?

Delayed gratification is the way that people historically have been successful and the way they have earned wealth.

People who are quote unquote overnight successes often took 10, 20, 30 plus years to become an overnight success.

Warren Buffett didn't really start accelerating and leaning into that big money status until he was in his sixth.

But we have these young people, first of all, who are paying just an absolute insane amount of money for education.

I call the U.S.

government the largest predatory lender on the planet because they're taking people who are teenagers and

And they are giving them five and six figure loans with no underwriting.

There's no underwriting attached.

And by the way, there's no ability to use a bankruptcy court to discharge that debt in every other loan.

So they're walking into making these decisions.

They can't even buy cough syrup, but they can go and they can make these decisions.

And basically, it's been a wholesale wealth transfer from the younger generation to college administrators.

It's not even going to teachers.

It's not going to things that improve the education.