The Corner

Rubio’s Finances

Over at Bloomberg View, I comment on the New York Times’s front-page coverage of them.

The story is remarkably moralistic, repeatedly characterizing as “inadvisable” and “imprudent” decisions that are quite common and, in context, not especially dangerous. It revealed a candidate who resembles the people he hopes to govern more than he does many of his rivals.

Like roughly 70 percent of college graduates, Rubio finished school in debt. He didn’t save much money through his 20s and 30s. Now 44, he only recently began accumulating savings: He has put away some money for his kids’ education, but hasn’t yet saved much for his retirement. This isn’t an unusual financial trajectory, and it’s odd for the Times to call Rubio’s student loan debt “a deep financial hole of his own making.”

Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

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