A new report by the New York Fed shows that while many of us were paying off debt during the great recession. Student loan debt was the only category to continue to rise.
We have a group of young people who are not only going into debt up to their eyeballs and demanding someone else pay for it. They are also being forced to pay money to the richest age group in America through taxation.
Something is going to give here and I am not quite sure what it is, but I don’t think it is going to be pretty.
Source: http://www.newyorkfed.org/newsevents/mediaadvisory/2013/Lee022813.pdf