Monday, March 12, 2012

Experts: Student Loan Debt a "Ticking Time Bomb"

If you think the next generation is going to be able to afford that house you want to sell when you retire, think again. They'll never be able to buy a house with the student loan debt they're amassing.

Some experts have called the nation's soaring college debt load a "ticking time bomb" -- a looming crisis threatening young adults, their families and the broader economy.  A new report raises even more alarms: It's likely that as many as 1 in 4 borrowers was carrying a past-due student loan balance in the third quarter, the Federal Reserve Bank of New York said Monday.

That's a much higher delinquency rate than previously thought. By a more conventional measure, the New York Fed said, 5.4 million of 37 million borrowers with student loan balances had at least one past-due student loan account -- a 14.6% rate.

America's Soaring Student Loan Debt Load Is A 'Ticking Time Bomb' - Business Insider

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Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.