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High student debt is dragging down the U.S. economy | Wonkblog
Keywords:
A research paper by the Federal Reserve Bank of New York shows 43% of Americans in 2012 under the age of 25 with student debt, having average debt of $20,326. Compare this with about 25% of young Americans having student debt in 2003, with average debt of $10,649. This is crowding out other borrowing such as buying new homes or cars by younger Americans because of borrower unwillingness to take on more debt and banks unwilling to lend to borrowers who might default.
Student debt at $1 trillion in 2011 - a macroeconomic factor which determines consumer spending and buying of new homes
03/11/2009
Student debt in 2011 was 5 times the level in 2000. This happens as education and technical skills are increasing in importance in determining wages and benefits, higher education in increasingly becoming unaffordable, and government help is declining because of budget cutbacks. This is affecting the image of the U.S. as a nation of opportunity.
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High student debt is dragging down the U.S. economy | Wonkblog
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Congress Passes Bill on Highways, Student Loans and Flood Insurance
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High student debt is dragging down the U.S. economy | Wonkblog
Washington Post 04/18/2013
Student Loan Debt Is a Drag on the Economy, Too
New York Times 05/10/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
The ’1 Percent’ isn’t America’s biggest source of inequality. College is.
Washington Post 05/23/2014
Student debt and the added burden it poses for the U.S. economy in 2012-2015
04/11/2011
The effects on new home purchases by younger buyers of first homes of the pile up of large student debt.
Grouped Articles
High student debt is dragging down the U.S. economy | Wonkblog
Washington Post 04/18/2013
Student Loan Debt Is a Drag on the Economy, Too
New York Times 05/10/2013
New York Times 06/22/2013
Housing Recovery Increasingly Prices Out First-Time Buyers
Wall Street Journal 07/22/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
The Obama administration's push for college-for-all and problems with student debt and lack of vocational training
04/11/2011
Grouped Articles
High student debt is dragging down the U.S. economy | Wonkblog
Washington Post 04/18/2013
Student Loan Debt Is a Drag on the Economy, Too
New York Times 05/10/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Jamie Dimon’s harried JPMorgan Chase pushes campaign for worker training - The Washington Post
Washington Post 01/03/2014
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
The Ripple Effects of Rising Student Debt
New York Times 05/24/2014
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