Wall Street Invests in Your Future - Literally

The video discusses a new investment concept where investors fund students' education in exchange for a percentage of their future earnings. Different rates apply based on the student's major, with thresholds for earnings. The idea is likened to owning equity in a person, termed as millennial bonds. The speaker expresses mixed feelings but acknowledges the economic logic behind it.

What does the term 'Millennial back bonds' refer to in the context of this discussion?

What are the potential economic implications of this new student loan model?