what's up guys and welcome back to wall street millennial on this channel we cover everything related to stocks and investing in the united states kids are taught from a very young age that going to college is the most important event in their early life everyone from your teachers politicians and probably your parents have told you that going to college is essential to achieving the american dream the idea is that if you study hard and obtain a degree you'll be on try to get a high-paying white-collar job and enter the upper realms of society it doesn't matter how much the tuition is and how much student debt you'll be stuck with the thinking is that if you want to move up in life your only option is to enroll in university you're not supposed to consider the fact that up to NUMBER_TOKEN of college students drop out and of those that do graduate another NUMBER_TOKEN end up working a job that does not require a college degree and whether you graduate or not you'll be stuck with the student loan balance of forty thousand dollars on average more than forty percent of us adults have a post-secondary degree if you include people who drop out close to seventy percent of the population has enrolled in some form of college education the problem is there aren't nearly enough white-collar jobs available to soak up all these graduates and to make matters even worse the cost of college is increasing rapidly and shows no signs of slowing down since NUMBER_TOKEN the average college tuition has increased more than NUMBER_TOKEN-fold far outpacing general consumer inflation to afford this students are taking on ever-increasing amounts of debt essentially selling away their financial futures currently there is NUMBER_TOKEN trillion dollars of student loan debt outstanding in america millions of people have had their lives destroyed by exorbitant student loan burdens that make the prospect of financial freedom little more than a fantasy and for the most part the build up of the high education bubble has been fueled and supported by the u.s government over many decades the u.s higher education system may seem absurd to many outside observers but with trillions of dollars on the line you have to look at who benefits while millions of students are suffering from debt burns they may never be able to repay there is a select group of wealthy businessmen and corporations who have profited to the tune of hundreds of billions of dollars at the heart of it all is the for-profit education industry which is perhaps the largest legal racket in u.s history but before we get into the video a quick word from our sponsors over at masterworks masterworks has emerged as the only platform taking billionaire art collectors head on and lets you access their exclusive investments simply put you can now invest in the very same art that they do by names like banksy monet basquiat and other iconic artists we only take sponsorships from companies we believe in i'm a big believer in art as an asset class both for diversification and as an inflation hedge i personally invested in homicides by pablo picasso while past performance does not guarantee future performance similar works by picasso have appreciated at NUMBER_TOKEN per year historically masterworks has a team of professionals to acquire fine art which they think has the greatest appreciation potential they then register it with the sec and sell pieces of that painting on their platform this idea isn't new you buy pieces of companies all the time it's kind of like an initial public offering of a stock except it's a painting they aim to hold the art
START_SPONSOR_TOKEN the video a quick word from our sponsors over at masterworks masterworks has emerged as the only platform taking billionaire art collectors head on and lets you access their exclusive investments simply put you can now invest in the very same art that they do by names like banksy monet basquiat and other iconic artists we only take sponsorships from companies we believe in i'm a big believer in art as an asset class both for diversification and as an inflation hedge i personally invested in homicides by pablo picasso while past performance does not guarantee future performance similar works by picasso have appreciated at NUMBER_TOKEN per year historically masterworks has a team of professionals to acquire fine art which they think has the greatest appreciation potential they then register it with the sec and sell pieces of that painting on their platform this idea isn't new you buy pieces of companies all the time it's kind of like an initial public offering of a stock except it's a painting they aim to hold the art END_SPONSOR_TOKEN