A Shocking Number of College Grads Wouldn’t Give Up Social Media to Wipe Their Student Debt
Selfies are just too damn important to millennials.
The general population accepts that millennials are ridiculously attached—and possibly addicted—to social media. Just look at MTV’s 90’s House, a show that forces 20-somethings to “survive” without checking their Facebook, Twitter, etc. in order to win ninety thousand freakin’ dollars.
And apparently, it’s not just Gen Yers on reality TV who can’t get off the ‘gram. A recent survey conducted by Credit Loan asked 1000 post-grad borrowers what they’d be willing to do rid of their student debt.
As per Credit Loan,
We posed a range of hypothetical trade-offs to eliminate their debt. Among the first things to go for all debt ranges was social media, with a significant percentage ready to give up Instagram, Twitter, and Facebook, respectively.
That’s one way of looking at it. Sure, roughly half of those who owe $30,000 or less would give up social media. And yes, the higher the debt, the higher percentage of subjects who were willing to relinquish their virtual friendships.
But read between the lines! The chart also shows that 28-29 percent of people who owe a staggering $60,000-plus aren’t willing to get off Instagram, Twitter and Facebook to wipe the slate clean.
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For those between $30,000-$60,000 in debt, the numbers are similar. And for those who owe a mere $30,000 or less, just over half would give up Instagram and Twitter, and not even half would get off Facebook.
If these are tomorrow’s leaders, the future might very well be in the toilet.