The current generation(s) of graduating undergrads are getting utterly fucked. Especially the ones that took out loans. Because of the job market, they'll just sit there and accrue interest

It's crazy how much influence interest rates have on the broader economy and social mobility. If the fed keeps rates higher for longer I wouldn't be surprised if we saw a cliff in college enrollment back to where it was in decades previously. And if that happens we could see a similar cliff in political affiliation. Time will tell