MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
As the Brookings Institution noted, the study can't tell us whether student loans are more stressful than other kinds of debt. The size of the measured effect was also rather small. But with former students holding an estimated $1.2 trillion in student loan debt across the country, and an average debt load of nearly $30,000,college loans are probably one of the biggest sources of debt-related stress in the country. A recent Federal Reserve surveyestimated that student loan debt has increased 250% in the past three decades, even after adjusted for inflation. Americans only owe more on home mortgages.
It is doing more then just stressing out the younger generation. It will keep them from buying homes and starting a family. 45% of young adults are now tied down to students loans. This will have to be addressed soon or it will bring the economy down. The next banking crises will be because of student loans. .