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Looking at the data, the best estimates peg student loans to be consolidated to ~10-12% of the US 18+ population. Not saying it _isn't_ part of the story, but
by s3r3nity 7y ago
Looking at the data, the best estimates peg student loans to be consolidated to ~10-12% of the US 18+ population.
Not saying it _isn't_ part of the story, but I don't think it's as big of a factor as folks might initially (or anecdotally) believe.
- jstewartmobile 7y agothat's also what they said about residential mortgage debt in 2007. never underestimate the bankers' ability to use one large batch of shitty loans to back an even bigger batch of them.