Millions Of Millennials Could Be Trading Sex For Their Next Debt Payment - Here's How

As the storm clouds of peak stupidity gather over the heads of the millennial generation who were conned by banks, government, and universities to take out excessive amounts of leverage in auto loans, credit cards, and student debt; millions have flocked to a new website seeking ‘Sugar Daddies’ and or even ‘Sugar Mommies’ to pay off their debt amid an economic environment where wage growth remains non-existent.

Today’s real simple get-out-of-debt option for the broke college/post college millennial is through an unconventional dating website called SeekingArrangement.com.

In 2016, the website identified some 2.5 million college students who turned to the site in an act of desperation to find a ‘Sugar Daddy’ or even a ‘Sugar Mommy’ in exchange of personal time for straight cash.

The website’s mission is to “delivers 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”.

We find it hard to believe the intention of the website, when created by MIT graduate Brandon Wade in 2006, was to have 25% of the 10 million users—broke college millennials.

According to Business Insider,

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.

 

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.

In total, Americans owe more than $1.3 trillion in student loan debt to federal government agencies and or private lenders.

As explained by UBS strategist Matthew Mish, millennials have never been more in debt and this shocking development could hint why millennials are resorting to an online dating site, in the millions to trade sex for their next debt servicing payment.

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’ leverage is high.

We further summarized: “Per the charts below, when you break out rising consumer delinquencies into their individual buckets the catalyst for the trend above suddenly becomes more clear. While 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."

And lastly, who took on all those $40,000, 0%, 80-month loans all so they could drive around in a brand new BMW they couldn’t afford? Well, if you guessed millennials in the lowest quintile of wages earners in the country then you’re absolutely right!

As Mish points out in Figure 7 below, the median debt-to-asset ratio for Americans under the age of 35 has surged over the past couple of decades from ~40% to a staggering 100%”.

With the financial security of the millennial in grave danger, as per UBS strategist Matthew Mish’s charts, we start to get the sense of why millennials are flocking to SeekingArrangement.com.

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: ‘follow the money’ seems to be at play here. Sugar Daddies and or Mommies have a monthly membership of $80.00 per month, meanwhile the website allows a broke college student free of charge.

Here are the benefits of a ‘Sugar Daddy’:

 

Browsing the ‘Sugar Baby Female’ mill of broke millennials. We find this:

Here are the disturbing ‘Sugar Daddies’ preying on broke desperate college millennials:

Business Insider, , interviewed a broke college millennial by the name of  Christina, 29-year old, and user of SeekingArrangement.com.

Christina said she isn’t willing to have sex for money, but has received over $90,000 for education-related costs from her ‘Sugar Daddies’.

The MBA student at Michigan State University living in Las Vegas said,

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. I was like, I can’t afford this, I’m going to be paying this off for years and years and years.

In addition, she made it clear that she isn’t interested in “one-night stands”.. We find that hard to believe.. Here’s what she said:

I’m not a person that is interested in one-night stands with people who are visiting Vegas for a couple days - that’s not interesting to me. If that’s what you’re going to come at me with, my response is going to be, thank you for the offer, but I’m going to pass. On my profile it specifically says, I’m going to school for this, this is what I’m looking for, I would like help paying for my school and my books.

Bottomline: The 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.

Comments

TeethVillage88s J S Bach Wed, 11/15/2017 - 09:38 Permalink

Commercialism, Materialism, Planned Inflation, More Expensive Cars and IPhones, More Expensive Vacations, Deflating Dollar-Fiat, Suppression of Labor Compensation Rates through various means but mostly through use of foreign Labor, Open Borders, Work Visas, 1 Million Legal Immigrants a year, Off-Shoring Capital, Trans-National Corporations who have no Patriotism, Loss of Corporate Tax Base through Tax Avoidance, ... Youth Labor Suppressed-Loss of Apprenticeships in Trades, Inflated University & Tech School Costs, Higher costs to Relocate, Planned Delay of Emancipation of Youth through Byzantine Rules and Inflationary Pressures and loss of Jobs

In reply to by J S Bach

jin187 Blue Steel 309 Wed, 11/15/2017 - 01:27 Permalink

Actually civilization started under norms closer to what we have now. Children were pretty much just lumped together with the women until reaching an age where men felt they were worth teaching something. What we had up until this current regression in society, was the culmination of tens of thousands of years of civilization. But yeah, the whole getting a bunch of people together to build cities and armies has been going on a lot longer than the nuclear family.

I do get your point though. It's pretty ironic that feminism has led us away from a point where most decent women locked down the man they wanted from 16 to death. Now men simply no longer care, since they were raised by feminist single mothers to think they didn't matter. That has led women back to selling themselves to men like cattle to make ends meet. From 2000, to 20000 B.C. in the space of a few decades.

In reply to by Blue Steel 309

jin187 GunnerySgtHartman Wed, 11/15/2017 - 01:32 Permalink

Depending on what/how much government support you get, they actually go after the child support for you, and often seize it to repay what they give you for your child. Around 20 years ago, my sister got a procedure paid for by Medicaid, when her father had been mandated by the court to pay for health insurance for her. Last I checked, he was still paying, and all those checks are going straight to the government to pay the ever increasing interest. Pretty damned good investment for the government at this point I'd say. Give someone 10k at usury rates, and have them paying you $100 a month for life.

In reply to by GunnerySgtHartman

HominyTwin Tue, 11/14/2017 - 22:57 Permalink

Like you get laid, but you have to take her on some shopping sprees, on a couple of vacations, and put up with her spoiled brat nonsense. No fucking thanks.

jin187 HominyTwin Wed, 11/15/2017 - 01:40 Permalink

That's why you seal the deal as quick as possible, then cancel all the credit cards, serve her the eviction notice, and change your phone #. Abandon her during the middle of a trip to an exotic locale, like Zimbabwe, or the Philippines for bonus points. Shouldn't be a problem for her. After all, she's got plenty of universal currency in that "wallet".

In reply to by HominyTwin

fedupwhiteguy Implied Violins Wed, 11/15/2017 - 11:29 Permalink

You said it all. Society has given bitchez so much power...50% of women have a man already picked out as plan b if their current relationship fails. (http://www.dailymail.co.uk/femail/article-2769593/HALF-women-fall-partn…)60% of women admit to having an affair. (http://magazine.foxnews.com/love/cheating-statistics-do-men-cheat-more-…)69% of wives initiate divorce. (http://www.huffingtonpost.com/entry/women-more-likely-than-men-to-initi…)90% of wives, wherein the couple are college-educated, initiates divorce. (http://www.yourtango.com/experts/cindy-holbrook/top-10-reasons-why-wome…% of children are false paternity. (http://disinfo.com/2011/02/one-out-of-ten-people-werent-fathered-by-the…)95% of genetic counselors lie about paternity. (http://thelibertarianrepublic.com/paternity-fraud-is-it-legal-to-lie-ab…)41% of 1st marriages end in divorce. (https://www.mckinleyirvin.com/Family-Law-Blog/2012/October/32-Shocking-…)60% of 2nd marriages end in divorce.73% of 3rd marriages end in divorce.82.2% of women granted child custody. (http://www.census.gov/prod/2011pubs/p60-240.pdf)Child support payments can be extended beyond 18 years of age. (http://dadsdivorce.com/articles/child-support-age-of-emancipation-in-yo…)Alimony payments continue even when women cohabitate with another man. (http://farzadlaw.com/california-divorce/will-my-wife-get-spousal-suppor…)Palimony payments forced on men who had live-in girlfriends. (https://www.reference.com/government-politics/states-palimony-laws-ee50…)Prenups are thrown out in favor of fairness. (http://www.dailymail.co.uk/news/article-3525528/Judges-say-ignore-pre-n…)Divorce devastates men financially (paying for 2 households) & emotionally (loss of access to children). (https://eternalbachelor.wordpress.com/2007/07/23/back-to-basics-divorce…)Posponing intercourse until 26+ avoids life's pitfalls (cock carousel riders are bad news all around). (https://youtu.be/um3EmS9DKsI?t=581)Virgin brides divorce less than cock carousel riders. (http://socialpathology.blogspot.com/2010/09/virgin-bride.html)Women start losing their Sexual Market Value at 20 y.o. (http://www.hookingupsmart.com/2013/10/31/relationshipstrategies/conclus…)Women gain weight after marriage. (http://www.thehealthsite.com/fitness/5-reasons-why-women-gain-weight-af…)Frequency of sex drops off after marriage. (https://pairedlife.com/physical-intimacy/Reasons-Why-Sex-Decreases-Afte…)Woman are just crazy for a man's money. (https://au.answers.yahoo.com/question/index?qid=20130625025358AAcogQy)S… donors can be forced to pay child support. (http://www.nydailynews.com/life-style/health/sperm-donor-sued-child-sup…)

In reply to by Implied Violins

koaj Tue, 11/14/2017 - 22:59 Permalink

One monthly student loan payment has to be less cash than three dates... No alimony. No taking half your stuff. This sounds like a win-win