Archived Analysis: Student loan debt and an astonishing number no ones talking about (pbs.org)
submitted ago by daskapitalist
Posted by: daskapitalist
Posting time: 2.5 years ago on
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Archived on: 8/21/2018 10:00:00 AM
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Archived Analysis: Student loan debt and an astonishing number no ones talking about (pbs.org)
submitted ago by daskapitalist
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[–] derram 0 points 1 point 1 point (+1|-0) ago
https://archive.fo/oH7Gk :
'When total student debt passed total credit card debt in America in 2014, it was headline news. '
'Just one example:But it turns student debt has just exceeded one-and-a-half times total credit card debt!'
'First, here’s credit card debt (“revolving credit”) since 1970 through the first quarter of this year. '
'I was struck by the fact that the auto loan total — at just above $1.1 trillion — has now eclipsed credit card debt. '
'Notice where that credit card debt was in 2008 in nominal dollar terms — just over $1 trillion. '
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