The Student Debt Explosion

As the figure shows, the share of Americans that have graduated college has steadily grown to a current high of 32%.  And, student debt has exploded.  It now stands at approximately $1 trillion, significantly higher than credit card debt and home equity loans (which are loans secured by a second mortgage).  Student debt is now second only to housing debt.
Of course, debt is only one side of the problem.  Lack of good employment is the other…

The Student Debt Explosion

As the figure shows, the share of Americans that have graduated college has steadily grown to a current high of 32%.  And, student debt has exploded.  It now stands at approximately $1 trillion, significantly higher than credit card debt and home equity loans (which are loans secured by a second mortgage).  Student debt is now second only to housing debt.

Of course, debt is only one side of the problem.  Lack of good employment is the other