Tag: student loan

How Student Debt Has Become the 2nd Largest Debt Category

In 2017, the national student loan debt in the United States passed a value of $1.4 trillion. Putting pressure on past, current, and future students, the precarious student loan bubble is only growing – and it won’t be long before it pops. In the decade of the Great Depression following a stock market crash in 1929, unemployment rates peaked at 25% and it took until the start of WWII to …
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Millennials Will Never Recover From 2008 Financial Crisis, Student Loans Worsen the Issue

According to a study released by the Federal Reserve Bank of St. Louis entitled “A Lost Generation”, millennials will never be able to recover from the Great Recession and the 2008 financial crisis. The Fed stated that families headed by someone born in the 1980s have net worths that are 34 percent lower than expected. The report read: We found that typical families headed by someone born in the 1960s, 1970s and 1980s were significantly …
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