As college leaves graduates saddled with more and more student debt every year, it’s no surprise that millennials are becoming increasingly desperate for an escape. During the presidential election, candidates pandered to this vulnerable demographic by proposing all kinds of idealistic policies for debt forgiveness, but the issue predictably went by the wayside as soon as all the votes were cast.
Now, it seems millennials have all but given up hope that politicians will make their debt disappear—at least in the next decade or so.
According to a new survey by Credible, nearly half of millennials are willing to give up their right to vote in the next two presidential elections in exchange for student debt forgiveness. This unique right is one of America’s most cherished freedoms, but it ultimately means little to those who are trying to balance loans with rent and groceries, let alone a social life.
Freedom may only be one generation from extinction, but what kind of freedom can you really enjoy if you still live in your parents’ house at age 28? In fact, the survey found that only 27 percent were willing to move back in with their parents for five years to cancel out their debt.
The Federal Reserve estimates the median student loan debt balance at $17,000, which amounts to monthly payments of $222. At the same time, the slow recovery millennials faced under the Obama administration hasn’t made life any easier. Obamacare’s employer mandate stunted job growth, leaving many graduates unemployed and overeducated.
While it appears millennials can live without politics, only 13 percent of those surveyed said they would give up texting and mobile messaging for a year to have their debt wiped away. After all, what kind of depraved person could live without checking their Snapchat for twelve whole months?
Millennials are anxious to get their lives back in the post-Obama era and have lost patience in their leaders. Deep down, most millennials don’t really care about single-payer health care, Confederate statues, or other so-called hot-button issues. They are sick of running in place, and simply desire the same opportunities their parents enjoyed. They want to move on.
Brendan Pringle is a freelance journalist in California. He is a frequent contributor to Red Alert Politics and has contributed to other conservative news outlets. He is a National Journalism Center graduate and formerly served as a development officer for Young America’s Foundation at the Reagan Ranch. Follow him on Twitter @BrendanPringle.