Student Loans Destroying Consumption
From Econintersect Combined RSS Feed
December 29, 2012 - 3:07am
Written by Steven Hansen
Over the long Christmas Holiday weekend, The New York Times published For Poor, Leap to College Often Ends in a Hard Fall. The post is a anecdotal essay correlating being poor and the inability of those who are poor to become higher educated. This post shows how easy it was for the starring subjects to get loans, and how easy it was not to graduate and be stuck with bill anyway.
Monthly, we report on consumer credit noting that the majority of money flows into consumer credit is due to student loans.
Read more »
Continue reading this article »
Share This Article: