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A comment on The American Dream Is Alive in Finland. Parent comment
= The student loan debt is close to 1.3 TRILLION in 2016, almost TWICE the credit card debt (already substantial at 700 BILLION)
= With a delinquency rate of ~20% (compared to 2% in real-estate)
= The class of 2015 graduated with $35,051 in student debt on average, the most in history.
http://www.marketwatch.com/story/americas-growing-student-lo...
http://www.wsj.com/articles/student-loan-delinquencies-decli...
https://www.nerdwallet.com/blog/credit-card-data/credit-card...
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= The student loan debt is close to 1.3 TRILLION in 2016, almost TWICE the credit card debt (already substantial at 700 BILLION)
= With a delinquency rate of ~20% (compared to 2% in real-estate)
= The class of 2015 graduated with $35,051 in student debt on average, the most in history.
http://www.marketwatch.com/story/americas-growing-student-lo...
http://www.wsj.com/articles/student-loan-delinquencies-decli...
https://www.nerdwallet.com/blog/credit-card-data/credit-card...