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Student Debt in the U.S. Reaches an All-Time High | The Daily Show - YouTube
Channel: The Daily Show with Trevor Noah
[0]
The Democratic candidates,
[1]
led by Bernie Sanders
and Elizabeth Warren,
[3]
are all proposing different ways
to combat student debt.
[6]
And the reason
this is such a big issue
[8]
is because America is drowning
in student debt
[11]
like never before.
[13]
This year, student loan debt
reached an all-time high
[15]
of $1.4 trillion.
[18]
NEWSWOMAN:
Nearly 70% of students
[19]
had to take out loans
to make it through college.
[21]
On average,
each student graduated
[23]
about $30,000 in debt.
[26]
One of the things
that makes student loan debt
[27]
such a drag on the economy
[29]
is that it's so hard
to get rid of.
[31]
That's right. In many ways,
[33]
student debt is the new herpes.
[36]
Almost everybody has it,
[38]
it stays with you
your whole life,
[39]
and eventually you're gonna have
to tell your fiancé about it.
[43]
Be like, "So, there's this thing
I picked up in college..."
[47]
(laughter and applause)
[49]
And-and here's the thing.
[51]
Student debt
isn't just a financial burden.
[53]
It's also making it hard
for people to grow up.
[57]
NEWSWOMAN:
Nearly 50% of millennials
[58]
have delayed buying a home
or saving for retirement
[61]
due to student loan debt.
[63]
17% have delayed
getting married.
[66]
NEWSWOMAN 2: The amount
of adults in their late 20s
[68]
living with their parents
or grandparents
[71]
is the highest it has been
in over 75 years.
[74]
NEWSWOMAN 3: Living with his
parents in Verona, New Jersey,
[76]
is not what 23-year-old
Anthony DeCandia envisioned
[80]
after graduating
from college last year.
[82]
But then again,
he didn't envision
[84]
being $80,000
in student debt, either.
[88]
Obviously, I love my family,
I love the free food,
[91]
and I love my dog,
[92]
but I'm just ready to move on
[94]
and live on my own.
[96]
Yeah, man.
This kid is not special.
[98]
He's not alone.
Across the country,
[100]
college grads are being forced
to move back in
[103]
with their parents because
of crippling student debt.
[106]
Even that dog. Yeah.
[108]
That dog wanted to move out,
[109]
but he's still paying off loans
from obedience school.
[112]
Yeah.
[113]
Aw. Who's a broke boy?
[114]
Who's a broke boy?
[116]
It's not real debt.
Calm down.
[118]
You guys are like,
"Aw! The debt of the dog!"
[121]
So, student debt
is seriously hampering the lives
[123]
of young people
across the United States.
[125]
But before you start rolling
your eyes
[127]
at these "whiny millennials,"
[129]
remember, just like herpes,
[130]
student debt
doesn't discriminate by age.
[133]
Student loan debt is
also crushing senior citizens.
[136]
Americans 60 and over
are carrying $86 billion
[140]
in student loan debt.
[141]
Baby boomers
are paying off student loans
[143]
into their 60s, 70s,
and beyond.
[146]
Because of student loans,
[147]
we are literally driving
tens of thousands
[150]
of older Americans into poverty.
[153]
They will literally seize
your Social Security benefit.
[156]
Student loans are structured
[158]
to be paid over
a very long period of time.
[160]
They have no statute
of limitations,
[162]
which means
that they follow you--
[163]
they can follow you
till you die.
[165]
Goddamn.
[167]
Student loans can follow you
until you die?
[170]
We hope that's where it stops.
[173]
Well, it would suck
[174]
if you were still paying off
your loans in heaven.
[176]
You know? Jesus and
Martin Luther King Jr. are like,
[179]
"Hey, we're gonna go ride
unicorns. You want to come?"
[182]
And you're like, "Oh, I can't.
[183]
"I got to work a shift
at Blockbuster.
[186]
Yeah."
[187]
(cheering and applause)
[189]
Yeah, I mean,
there's Blockbusters in heaven.
[191]
That's-that's
where they are now.
[192]
(kiss)
Miss you, Blockbuster.
[194]
The point is, the point is,
[195]
student debt
is affecting everyone--
[197]
young people, old people,
the Village People.
[199]
I mean, why do you think
they were living at the YMCA?
[201]
So whether you're a parent
or a kid,
[203]
there is a good chance
that student debt
[204]
is negatively affecting
your quality of life.
[207]
'Cause old people
are losing Social Security
[209]
and young adults are being
forced to move back in.
[211]
In fact, if something drastic
doesn't change,
[214]
it's going to reshape
the American family forever
[218]
and it's gonna reshape all
of those family TV shows.
[222]
(theme song playing)
[228]
♪ He can't afford
his student loans ♪
[230]
♪ He's got no job,
he moved back home ♪
[233]
♪ Now his entire family ♪
[236]
-♪ Is screwed ♪
-(crying)
[240]
♪ Meet the Debts. ♪
[241]
(song ends)
[243]
(doorbell rings)
[245]
-(grunting)
-(cheering and applause)
[249]
Whew. Hey, Mom and Dad.
[250]
I'm moving back home,
'cause I can't afford
[252]
to pay my student loans.
[253]
Sonny, what's in this,
a box of bowling balls?
[255]
My unpaid bills.
[256]
(canned laughter)
[261]
I got it. I got it.
[263]
-(thud)
-(laughter)
[265]
MAN (on TV): Up next,
a surprising new bodily fluid
[267]
-you can sell for cash!
-(chuckles)
[270]
Mom, Dad,
there's a weird guy in my room.
[273]
-That's Pete.
-We had to sublet your room
[275]
-to make ends meet.
-Mm-hmm.
[276]
No way. I want my own room.
[278]
You want to start paying rent?
[280]
Hey, Pete!
[281]
I call top bunk!
[283]
-(laughter)
-♪ ♪
[286]
-(knocking)
-Hey!
[288]
I'm the school loan
debt collector!
[290]
Open the door!
[291]
Hey! I--
[292]
Get over here!
[293]
Come on!
[294]
Get over here!
[297]
Dad, what are you doing here?
[299]
You're not the only one
with student loan debt.
[300]
Find your own damn spot.
[304]
Stupid-ass master's degree.
[306]
(laughter)
[308]
♪ ♪
[311]
Ain't but one way to get out
of this student loan debt.
[314]
Honey, don't!
[318]
You know
we can't afford the funeral.
[320]
(laughter)
[322]
You make a great point.
[323]
♪ ♪
[326]
Hey, Dad.
[327]
Thanks for selling your kidney
to pay off my student loans.
[330]
-(clicks tongue) Aw.
-(awwing)
[331]
It's nothing.
I guess I love my kid...
[333]
more than my kid-ney.
[335]
(laughing)
[338]
(groaning)
[341]
Hope my guys are hungry.
[343]
(chuckles)
[345]
Wait a minute, steak?
[346]
How'd we pay for that?
[347]
Oh, we didn't.
[348]
It's liver.
[349]
(laughing)
[352]
Ow.
[354]
This is (bleep)ed up.
[355]
♪ Meet the Debts. ♪
[357]
(cheering and applause)
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