The Student Debt Crisis: Could It Slow the U.S. Economy?
That rising student debt is one of the creeping threats of our time is hard to refute.
(Per Wharton School at the University of Pennsylvania) About 44 million graduates hold student debt, and today’s graduates leave school holding promissory notes worth an average of $37,000, raising concerns that the burden is creating a cascade of pressures compelling many to put off traditional life milestones. The storyline, as it has emerged, is that college debt delays buying a house, getting married, having children and saving for retirement, and there is some evidence that this is happening.