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.