{"id":89359,"date":"2017-11-15T09:06:02","date_gmt":"2017-11-15T13:06:02","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=89359"},"modified":"2017-11-15T09:09:05","modified_gmt":"2017-11-15T13:09:05","slug":"are-the-millennials-trading-trading-sex-for-debt-payments","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=89359","title":{"rendered":"Are the millennials trading trading sex for debt payments?"},"content":{"rendered":"

Millions Of Millennials Could Be Trading Sex For Their Next Debt Payment – Here’s How<\/h1>\n

ZeroHedge.com<\/p>\n

As\u00a0the storm clouds of peak\u00a0stupidity gather over the heads of the millennial generation<\/strong>\u00a0who were conned by banks, government, and universities to take out excessive amounts of leverage in auto loans, credit cards, and student debt;\u00a0millions have flocked to a new website seeking \u2018Sugar Daddies\u2019 and or even \u2018Sugar Mommies\u2019 to pay off their debt\u00a0<\/strong>amid an economic environment where wage growth remains non-existent.<\/p>\n

Today\u2019s\u00a0real simple get-out-of-debt option for the broke college\/post college millennial<\/strong><\/em>\u00a0is through an unconventional dating website called\u00a0SeekingArrangement.com<\/a>.<\/p>\n

In 2016, the website identified some\u00a02.5 million college students who turned to the site\u00a0<\/strong>in an act of desperation to find a \u2018Sugar Daddy\u2019 or even a \u2018Sugar Mommy\u2019 in exchange of personal time for straight cash.<\/p>\n

The website\u2019s mission is to \u201cdelivers a new way for relationships to form and grow. Sugar Babies and Sugar Daddies or Mommas both get what they want, when they want it\u201d.<\/strong><\/em><\/p>\n

We find it hard to believe the intention of the website, when created by\u00a0MIT graduate Brandon Wade in 2006, was to have 25% of the 10 million users\u2014broke college millennials.<\/p>\n

According to\u00a0Business Insider<\/a>,<\/p>\n

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A couple years ago, the site noticed an uptick in the number of members signing up with a university email address, Alexis Germany, a spokesperson for SeekingArrangement.com, told Business Insider.<\/p>\n

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It decided to launch a marketing campaign – dubbed Sugar Baby University – targeting indebted college students and young people who are interested in college but afraid of taking on massive loans.<\/p><\/blockquote>\n<\/div>\n

In total, Americans owe more than $1.3 trillion in student loan debt to federal government agencies and or private lenders.<\/strong><\/p>\n

As\u00a0explained<\/a>\u00a0by\u00a0UBS strategist Matthew Mish, millennials have never been more in debt and this shocking development\u00a0could hint why millennials are resorting to an online dating site, in the millions to trade sex for their next debt servicing payment.<\/strong><\/p>\n

Exploring the data from UBS, the divergence between consumer delinquencies and the unemployment rate at record lows signals wage growth is non-existent at a time when millennials\u2019 leverage is high.<\/p>\n

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We further summarized: \u201cPer the charts below, when you break out rising consumer delinquencies into their individual buckets the catalyst for the trend above suddenly becomes more clear.\u00a0While delinquency rates on mortgages, HELOCs and credit cards are improving, or at least not deteriorating rapidly, delinquency rates on student loans and auto loans are a completely different story<\/strong>.”<\/p>\n

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And lastly,\u00a0who took on all those $40,000, 0%, 80-month loans all so they could drive around in a brand new BMW they couldn\u2019t afford? Well, if you guessed millennials in the lowest quintile of wages earners in the country then you\u2019re absolutely right!<\/strong><\/em><\/p>\n

As Mish points out in Figure 7 below,\u00a0the median debt-to-asset ratio for Americans under the age of 35 has surged<\/strong>\u00a0over the past couple of decades from ~40% to a staggering 100%\u201d.<\/p>\n

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With the financial security of the millennial in grave danger,\u00a0<\/strong>as per\u00a0UBS strategist Matthew Mish\u2019s charts,\u00a0we start to get the sense of why millennials are flocking to SeekingArrangement.com.<\/strong><\/p>\n

First, Sugar Daddies and or Mommies have an average annual income of $250,000 and the average net worth of $1.5 million. The simple term in life: \u2018follow the money\u2019 seems to be at play here.\u00a0Sugar Daddies and or Mommies have a monthly membership of $80.00 per month, meanwhile the website allows a broke college student free of charge.<\/p>\n

Here are the benefits of a \u2018Sugar Daddy\u2019:<\/p>\n

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Browsing the \u2018Sugar Baby Female\u2019 mill of broke millennials. We find this:<\/p>\n

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Here are the disturbing \u2018Sugar Daddies\u2019 preying on broke desperate college millennials:<\/p>\n

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Business Insider,\u00a0Tanza Loudenback<\/a>, interviewed a broke college millennial by the name of\u00a0\u00a0Christina, 29-year old, and user of\u00a0SeekingArrangement.com.<\/p>\n

Christina said she isn\u2019t willing to have sex for money, but has received over\u00a0$90,000 for education-related costs from her \u2018Sugar Daddies\u2019.<\/em><\/strong><\/p>\n

The MBA student at Michigan State University living in Las Vegas\u00a0said<\/a>,<\/p>\n

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That was when it finally set in and I was looking at the prices and I was looking at how much debt I was getting in and I had already started my MBA.\u00a0I was like, I can\u2019t afford this, I\u2019m going to be paying this off for years and years and years.<\/strong><\/p><\/blockquote>\n<\/div>\n

In addition, she made it clear that she isn\u2019t interested in \u201cone-night stands\u201d.. We find that hard to believe.. Here\u2019s what she said:<\/p>\n

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I\u2019m not a person that is interested in one-night stands with people who are visiting Vegas for a couple days – that\u2019s not interesting to me. If that\u2019s what you\u2019re going to come at me with, my response is going to be, thank you for the offer, but I\u2019m going to pass.\u00a0On my profile it specifically says, I\u2019m going to school for this, this is what I\u2019m looking for, I would like help paying for my school and my books.<\/p><\/blockquote>\n<\/div>\n

Bottomline<\/strong><\/u>:\u00a0The millennial generation has turned desperate with debt up to their eyes balls and it shows how this avocado and toast generation will do anything for a debt service payment.<\/strong><\/em><\/p>\n

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Millions Of Millennials Could Be Trading Sex For Their Next Debt Payment – Here’s How<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-89359","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/89359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89359"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/89359\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}