The young and the jobless – Half of bachelor’s degree-holders under the age of 25 are unemployed or underemployed, in the US. Social Security short fall highlights deeper reality of economy.
The news for young Americans doesn’t seem to be getting any better. Earlier this week it was announced that Social Security will be running out of funds by 2033, three years earlier than expected. What this means if nothing is changed is that future retirees will receive only 75 percent of expected payouts. Not a […]
Educating students to debt – Student loan debt now second largest sector of household debt approaching $1 trillion. 14 percent of consumers have one account in collections.
College debt is fueling the out of control higher education bubble. The Federal Reserve tracks most household debt sectors very carefully including mortgage debt, auto debt, and credit card debt. You would think that they would follow student loan debt carefully. That was not the case until recently. More disturbing however is that student debt […]
A costly lesson in student debt for young Americans – 34 percent of all student debt saddled to those under the age of 30. 47 percent of student loan borrowers appear to be in deferral or forbearance.
The student loan market has expanded like a financial virus in the last decade. Even during the financial meltdown where credit was being restricted across all sectors of the economy, student debt kept on growing at a feverish pitch. It would be one thing if the quality of education had increased or wages were going […]