been saying this for 3 years and so far I've been proven wrong....but it's just a matter of time. This will be the spark to our next recession
if the tax-loving, freedom infringing libs really wanted to do something to help the economy they would create a wage garnishment program for student loan debt like they have for dead-beat dads. Millennial and iGen have no concept of money and personal accountability so keep sucking up these $75k+ education debt with little ability or interest in repaying it.
Delinquent student debt hits record
Student loans that are at least 90 days delinquent or in default ballooned to a record $166.4 billion in the final quarter of 2018, according to a Bloomberg analysis. That means the "seriously delinquent" debt continued to rise even as the unemployment rate fell below 4% — a sign that the robust job market hasn't generated enough wage growth for recent graduates to make payments. “If you have a choice to pay your student loan or for food or housing, which do you choose?” asked a Bloomberg Intelligence strategist.
if the tax-loving, freedom infringing libs really wanted to do something to help the economy they would create a wage garnishment program for student loan debt like they have for dead-beat dads. Millennial and iGen have no concept of money and personal accountability so keep sucking up these $75k+ education debt with little ability or interest in repaying it.
Delinquent student debt hits record
Student loans that are at least 90 days delinquent or in default ballooned to a record $166.4 billion in the final quarter of 2018, according to a Bloomberg analysis. That means the "seriously delinquent" debt continued to rise even as the unemployment rate fell below 4% — a sign that the robust job market hasn't generated enough wage growth for recent graduates to make payments. “If you have a choice to pay your student loan or for food or housing, which do you choose?” asked a Bloomberg Intelligence strategist.