Relevant:
- Student debt crisis enters a tipping point -- Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.
- Is FOMO (Fear of Missing Out) Driving Up Consumer Debt?
- The sound of rumbling from the student debt bubble -- Jump in consumer credit last month came mostly from student debt growth. For two decades student debt expanded at a rate above 17 percent per year.
- Welcome back debt! Total household debt shot up by $63 bln last quarter with total back over $12.35 tn
- The looming student loan bubble -- Almost half of all student borrowers were not making payments.
2017-03-03 — mybudget360.com
``The largest category of consumer debt is student loan debt. Even at the peak of the last debt bubble, consumer debt totaled roughly $2.5 trillion. While student debt makes up about $1.4 trillion of the consumer debt here, auto debt is above $1 trillion. We've also seen a large rise in subprime auto debt suggesting that people are borrowing beyond their means to consume. Delinquencies are also rising suggesting any tiny slip up in the overall economy and this credit bubble can burst too.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.