<prompt> Human: Back in September 2008, we all witnessed the Housing Bubble collapse and how it affected our economy. If you watch The Big Short actually on Netflix now itll give you an idea of how this happened in laymans terms. Im actually an accountant so I preferred a little more in depth information on the catalyst for that event; Ryan Gosling even narrates at one point: ...listen. This is all boring stuff I know. You dont care about the numbers. I literally said excuse me? and got a little offended. But I digress. The student loan deficit in this country is just the same skunk as the housing bubble just sprayed with cologne. Students and post-students everywhere are unable to pay their loans just like the mortgages of the 2000s. Its only a matter of time before this next bubble collapses and we enter another recession. My current struggle:54,000 in B.A. Student Loan Debt3640-4000 monthly take home my wife and I Expenses: Mortgage - 886 Student Loans - 615 Car Payment - 409 Car Insurances - 297 Cell Phones - 149 Comcast - 150 Netflix - 9 Art Van - 210 Groceries - 350 Gas - 100 Utilites - 150Leaves about 600 for credit card payments. Art Van was for a sectional and carpet put in our basement. Ive tried to refinance my student loans via Fed Gov about 4x now.. Each time the person on the phone tell me theyll fix it and Ill get my new payment terms: same exact per month. They wont let me get off the standard plan because I make 45,000 a year. I eventually just stopped trying.  <response>: You have a lot of expenses that are unnecessary it seems as well you shouldnt be recarpetting or buying new sectionals until youre debt free, sorry but thats how it is when you take out loans they must be repayed and they come first over eating out, getting new cars, or going to a movie. 