Re:Yield Curves Invert in U.S., U.K
by kingnothing on Wednesday August 14, 2019 @02:22PM
(#20698423)
There's the looming student debt crisis, which is absolutely allowing lots of people to borrow money they shouldn't be able to get. People are graduating college well into six figures of debt with nearly worthless degrees that pay little more than minimum wage. Even worse, the government guarantees that debt is not dischargeable in bankruptcy, leaving no way out for the underwater borrowers.
[ Parent
| on HN ]
The student loan thing is more of a big weight dragging on the middle class. It’s not like anything is going to implode — the debt isn’t dischargeable. Instead, it’s just going to drag on and on for decades, preventing the lower classes from building wealth or having kids. (In many ways, that’s a lot worse)