No, it's your first sentence. Most college students went straight through from high school and did not work a job to save up money before it. They have no savings.
I agree. I worked before going to college (though I did go to college right after HS) by doing jobs alongside school, and then throughout college, too, of course. I recognize that most people don't do that.
They live within their means because they have no choice but to do that so that's not a salient point either. The average size of American households is going up, not because of the birthrate, but because of the percentage of students moving back home.
I'm not sure about this part. I grew up without much money, but most of my peers in college were white from relatively comfortable financial situations and receiving steady money from their parents. They didn't pay for their dorms/aps, and spent relatively high amounts on clothing, food, etc. I was surprised at how many of them lived beyond their means. Every time we went out to eat, etc, together they would always pick these places that I found needlessly expensive... I guess that's just the kind of living they were used to growing up. Once they had found jobs and the parents stopped sending money, they got a harsh reality check.
I commuted to school from home (couldn't really afford to dorm,) always packed lunches, etc, so when it came time to live off of my own income, I think I was more ready for it. I think that applies whether or not the times are bad and jobs are scarce. I knew many kids who couldn't find jobs but were still living good off their parents' money in their own apartments in hip, Brooklyn neighborhoods.
Lastly, you're only young and in your 20s once, you can't expect people to live like this guy. Drinking protein shakes in lieu of meals? That's not living. The average college student graduates about 20 to 30 k in debt, a lot of people have more than you but that amount right there is more the norm. I don't know how anyone can see it's feasible to rent an apartment in a major city, pay off loans in 2 years and have any semblance of a life or basic amenities on like 30k a year which is what college students are graduating to, if that.
Fair enough. I'm not apologizing for the current system or even saying that most people can make it through like me. I'm just questioning whether the information in the article is really groundbreaking, as I know several other people who did this, too (mostly immigrants.)