|From the We Are the 99 Percent Tumblr|
Occupy Wall Street may be an amorphous, platform-free movement. But as the protests that began in New York in September have spread across the United States, and the world, one clear issue of concern has emerged: student loan debt.
For over a year, I’ve been working on a foundation-funded project that hopes to change America’s debt culture, especially among Millennials.
I’ve begun following the young people on “We Are the 99 Percent” Tumblr, and am taken by their use of handwritten signs with their personal stories. It’s a stunning testament in its authenticity, and more powerful than any high-priced ad campaign conceived on Madison Avenue.
The trends are converging into a perfect storm: rising college costs, an increasing need for access to higher education for low-income students, more borrowing and fewer entry-level jobs for new graduates.