] The average collegian in the U.S. isn't graduating into a
] world of boundless opportunity, but rather is
] $20,000-plus in the hole thanks to student loans and
] credit cards. So begins the snowball effect: The most
] desirable entry-level jobs often pay wages too low for
] the indebted, who must fork over a large percentage of
] their salaries to Sallie Mae or Citibank.

This problem affects me and practically everyone I know. Very insightful article about the problems that trouble Generation X and Y.

[ Hear hear. I'm under no illusions that i'm among the lucky ones, able to pay my bills and have some money left over... but i'm still trailing a pretty sizable debt. -k]

Generation Debt: The New Economics of Being Young: The Ambition Tax