'Their findings confirm that despite aggressive deleveraging since the financial crisis, the problem remains acute:What is the true cost of all this household debt?'
'Spiraling household debt levels may be a big part of the reason why we’re not getting them. ', "One fundamental reason for this is borrowing constraints -- it isn't so easy to just take out more debt to make monthly payments on existing debt."
'Next, excessive household debt might be sucking the dynamism out of the economy. '
'Instead of subsidizing student loans, the government should consider limiting the amounts students can borrow (possibly replacing loans with grants for poor students). '
[–] derram ago
https://archive.is/LEOHr | https://vgy.me/oWq5ai.png :
'Their findings confirm that despite aggressive deleveraging since the financial crisis, the problem remains acute:What is the true cost of all this household debt?'
'Spiraling household debt levels may be a big part of the reason why we’re not getting them. ', "One fundamental reason for this is borrowing constraints -- it isn't so easy to just take out more debt to make monthly payments on existing debt."
'Next, excessive household debt might be sucking the dynamism out of the economy. '
'Instead of subsidizing student loans, the government should consider limiting the amounts students can borrow (possibly replacing loans with grants for poor students). '
This has been an automated message.