Student Debt Just Keeps Growing
Student debt is just on its own level. As depicted below it’s not even close, as the black line seems to be graphing something completely unrelated to the other 3 colors. This is a problem that is growing and not going away. President Trump may talk about the booming economy, low unemployment, and high wages, but it doesn’t seem to be trickling down to the new graduates and easing the burden they are feeling.
The stock market has had an incredible run since the housing marketcollapse, reaching all times high in every US index about a month ago. However, you know whom that benefits? More than 93% of the stock is owned by the top 20% of households. I can assure you that new students with debt are in the other 80%. You can’t dispute the fact that stocks have had an incredible run from the 2008 collapse, but in reality, it probably hasn’t really benefited the part of the society that really needs it.
So even though people look at the US equity indexes as an indication of how well the USA, it is a very poor indication of how new graduates are doing. It does help to probably push unemployment rates lower as companies are growing, but who is getting those jobs is a completely other issue.
