4 ms·

Seem to? The entire middle class was built this way. See: FHA, student loans.

• eldavido 8y ago
  It's interesting that one of these things had a major financial meltdown last decade and the other is well on its way (student loans). Coincidence?
  • dnadler 8y ago
    The fact that there is a lot of student debt does not mean that a meltdown is coming. The housing market crash was so significant because of the amount of leverage that was in the system (and how obfuscated it was). There leverage in the student loan market is much lower for the time being.
• bogomipz 8y ago
  >"The entire middle class was built this way. FHA and student loans allowed mortgages and higher education to be accessible to more people. This is not the same thing as propping up the value of my degree and my home's valuation in the market place after I have acquired them. The Middle Class in the US was built by former(and other New Deal policies) not the latter.