This is a chart from the Federal Reserve Board in New York representing household debt in the U.S. in the third quarter of 2014:
Over the last decade, student debt has clearly increased both in raw dollars and as a percentage of household debt. The implications of that increase have, however, been much less clear than the increase itself—at least to the “experts” who report on our economy.
What follows is a sampling of news stories related to the rise in student-loan debt that have appeared over the last six months:
STUDENT DEBT REMAINS A LOOMING ECONOMIC CRISIS
“Student Loans: America’s Next Financial Crisis”
By Anthony Figliola. HuffPost Politics 17 Oct. 2014.
“As high-school juniors and seniors start their search for the college where they will spend the next four years of their lives, they need to take a long, hard look at how to pay for it.
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