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Student Loan Debt Crisis Threatens America

The student loan debt crisis is worsening because more people than ever are borrowing for college.

The student loan debt crisis is quickly getting out of control and is threatening America’s economy. In fact, student loans are the fastest growing kind of debt in America.

Student loan debt has grown by 157% since 2007, Bloomberg estimates. Particularly, around 44 million Americans owe a combined $1.52 trillion in student loans, Knowledge@Wharton calculates. Furthermore, the average college graduate owes $37,000 in student loans.

Significantly, the amount of student loan debt exceeds America’s credit card and auto loan debt. Additionally, the amount of credit card debt for Americans shrank by 1.2% in the past decade, Bloomberg states.

The Student Loan Debt Crisis Is Worsening

The student loan debt crisis is worsening because more people than ever are borrowing for college.

The problem is that student loan debts are growing faster than salaries, financial planner John Hupalo notes. To explain, students borrow more to pay for college to get jobs that do not pay enough to repay the loans.

In addition, student loan borrowing costs are increasing. Both student loan interest rates and tuition costs are rising. Meanwhile, tuition rates at public and private colleges are at all-time highs.

“That double whammy doesn’t bode well for students paying off loans,” Hupalo notes.

College dropouts and graduates of for-profit colleges are driving up the rates, Hupalo explains. For-profit college graduates have a harder time finding work because many employers will not hire them.

Student Loan Debt Is Not Being Repaid

One in ten student loan debt holders is over 90 days behind on his or her loan payments.

Markedly, the student loan debt delinquency is several times higher than other kinds of debt. To illustrate, only 1.1% of auto loans and 4% of mortgages were over 90 days behind on payments.

Indeed, the delinquency rates for auto loans and mortgages have fallen every year since 2010. Yet, the student loan debt delinquency rate is at a near record high.

The highest student loan delinquency rate was 11.73% in 2011 and 2012, and today’s 10% rate nearly matches that level. Notably, student loan nonpayment today is almost as bad as it was after the 2008 financial crisis.

How Student Loan Debt Threatens The Economy

Student loan debt threatens the entire economy because debt-ridden graduates have less buying power.

For example, graduates paying student loan debt cannot afford mortgages and new cars. Economists think that student debt is preventing younger people from buying homes.

Moreover, around 16% of people aged 25 to 35 are still living at home, Bloomberg reveals. That number is up from 4% in 2007.

To demonstrate, the homeownership rate falls by 1.5% for every $1,000 in student loan debt, Knolwedge@Whartton reports. Therefore, the average college graduate with $37,000 in student loans is 55.5% less likely to buy a home.

“As people live with their parents, or cohabit with a non-partner, millions of houses and apartments aren’t being purchased,” Federal Reserve Chairman Jerome Powell observes. “Neither is Wi-Fi or that extra sofa.”

“We think this is having a significant impact on the economy,” Powell admitted to Congress. Consequently, Powell thinks “student loan debt is crimping demand for goods and services.”

How Student Loan Debt Threatens The American Dream

In particular, Powell is afraid that student loan debt is holding back economic growth. Researchers have found that people with outstanding student loans are less likely to marry, have children, or go back to school for another degree.

Under these circumstances, student loan debt is clearly threatening the American dream. Student loans are destructive because you cannot write them off in bankruptcy. As a result, borrowers have to pay student loans off.

Student loan debt can also follow you into retirement. For instance, the Government Accountability Office estimates that the government garnished 3% of Social Security payments for student loan repayment in 2014.

In short, the American dream of college leading to a good job and a middle-class lifestyle is becoming a nightmare because of unpaid student loans.

You may also enjoy reading an additional Off The Grid News article: Bitcoins, Beer and the Student Loan Disaster

What do you think about the student loan situation and how it impacts America? Let us know in the comments below.

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Self Sufficiency

NYC Adds Nearly 4,000 People Who Never Tested Positive To Coronavirus Death Tolls

New York City added nearly 4,000 people who never tested positive for the coronavirus to its death toll Tuesday, bringing coronavirus-related deaths in the city to around 10,000 people.

The city decided to add 3,700 people to its death tolls, who they “presumed” to have died from the virus, according to a report from The New York Times. The additions increased the death toll in the U.S. by 17%, according to the Times report, and included people who were suffering from symptoms of the virus, such as intense coughing and a fever.

The report stated that Democratic New York City Mayor Bill de Blasio decided over the weekend to change the way the city is counting deaths.

“In the heat of battle, our primary focus has been on saving lives,” de Blasio press secretary Freddi Goldstein told the Times.“As soon as the issue was raised, the mayor immediately moved to release the data.”

The post New York City added nearly 4,000 people who never tested positive for the coronavirus to its death toll appeared first on Daily Caller

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The Ultimate Energizer Review – Does It Really Work?


If you’re looking for a review of the ultimate energizer guide then you have come to the right spot because in this exclusive article we’re going to blow the lid off the ultimate energizer once and for all and reveal weather it is the real deal or not.

This brings us to the review of the ultimate energizer guide. This is a program that provides users with classified information on how to build a free energy generator. But can the program really make you achieve this?

does it work? will it be worth your investment, time and energy? all these questions and more are what this review on the ultimate energizer program seeks to help you find answers to.

The ultimate energizer review – is it worth it?

> Click here to get access to the ultimate energizer guide nowultimate

About The Ultimate Energizer guide

The ultimate energizer is your ultimate guide to building your own alternative and portable energy source to power up any of your household appliances including refrigerators and aircon units. It is a very affordable way to having an emergency generator that can help you save more than 50% from your electricity bills without spending too much on other alternative energy source like solar panels or wind turbines which is costly and will also need a lot of space.

The ultimate energizer causes you to be calm about the electricity bill. This well ordered guide shows you how to manufacture this claim “home energy gadget” today impeccably. This will dispose of your energy charge ensured.

It is lost to the earth which means we need to really take care of it in order to reduce the cost of energy bills which introduces the ultimate energizer guide.

About The Ultimate Energizer Creator

The creator of the complete the ultimate energizer guide is steven perkins. He found the journal of the founder of this technology in his home when his father shifted near quebec city in canada.

In this post, we will review the ultimate energizer whose creator claimed to offer a way through which you can generate non-stop current. According to the author, you can drop down your electricity bills by 80%.

Of course the ultimate energizer owners provide resources. But the truth is that you are a master creator. All of them have that talent in us. The only difference is the extent to which it is hidden in each of us.

Features of The Ultimate Energizer

The features of the ultimate energizer guide are as follows:-. This program guide will help you to design a the ultimate energizer generator which will follow the rules of linear induction motor which is built around a track that is orbicular to maintain the smooth motion of rotors that are transportable.

You can find here, a extensive review which highlights all the important features and performance criteria of the ultimate energizer. Use of the the ultimate energizer is very easy since all of the functions can be accessed in a short time; you have complete control over it. 100% money back guarantee shows that the ultimate energizer really works. The ultimate energizer gives full customer support for 7/24/365, also, features, credibility and the ultimate energizer’s ease of use are favorably satisfied by the buyers.

Use it on any electrical appliances from small clocks to big plasma tv screens, refrigerators, and air conditioners. Power the cabins while hiking to the mountains or camping. Other essential features of this complete the ultimate energizer are that it is easy to assemble and does not require a technical background to master engineering.

Pros and Cons of The Ultimate Energizer

I’ve created this  honest ultimate energizer review to help you make a well-informed decision. I’ve tested it myself and now i’m going to share with you all the key aspects you may be interested in: how does it work? is it really so powerful and effective? what are its pros and cons?.

It is non-polluting. It remains popular the ultimate energizer guide pros & cons because it is both a renewable and clean source of energy. Harnessing solar energy is more than a fine idea it’s currently a reality in thousands of homes in a lot of nations around the world.

>> Click here to get access to the ultimate energizer guide now

On the review of the ultimate energizer guide, we will be looking into what exactly the program is all about, the details of the energy generator program, the benefits, pros & cons and our conclusion on the program.

Does The Ultimate Energizer really work?

The device is usable during emergencies. It works without fuels and therefore there are no expected fumes. It is weather proof. Cons of the ultimate energizer. You can only download the program from the official website.

But the ultimate energizer reviews that are available from real users online on platforms like google and youtube seem to confirm that the device does indeed work. So, as per my ultimate energizer review answer to the question is the ultimate energizer legit? is definitely yes.

The ultimate energizer guide. The ultimate energizer is said to work for your home and cut electricity by 82%, guaranteed by tomorrow. The ultimate energizer reviews. It can boost any type of electricity by as much as 5 times.

Advantages of The Ultimate Energizer Program

The program can benefit you in many ways. Below we are listing the advantages of using the ultimate energizer program for generating electricity:. This device will help you save up to 60%-70%, without investing money in solar panels which can cost you a lot of money.

There are additional the ultimate energizer guide program advantages too, including advantages at tax time, so do your homework on what you might have for being a solar power pioneer contributed back.

Why The Ultimate Energizer is Useful?

The ultimate energizer is a complete guide and blueprint. With it, you get everything you need to know to build your own free energy generator. This generator can be completed for less than $50 if you have some tools already. But i remember reading another review of the ultimate energizer, and the guy said he took days. Maybe he was crafty. Then, you assemble it and get it to work.

You will be guided step by step, that anybody who can read can build it. You do not need prior building experience or massive strength; it is that easy. Building the ultimate energizer takes under 4 hours if you are slow and definitely a lot less when you have help.

The ultimate energizer has already changed the lives of over 30,000 families who chose to power their homes using this eco-friendly device. This is definitely a good investment that is worth your time and money and if you think it isn’t after trying it out, you can request for a refund.

Is The Ultimate Energizer a Scam?

The ultimate energizer guide really show you how to power your house and save tremendously, or is this just another overhyped scam? this system was created after its owner decided he wanted to have a home power generating system in case of any crises or disasters.

The ultimate energizer pdf. It does not need any conventional electric power. The ultimate energizer scam. In this program, you can also build more generator and sell for profit. This product can also be incorporated into the automobile to power an electric motor.

All you need is an open mind and a desire to try new things to get a life in the field of freedom of energy. So, what are you waiting for? it’s time to say goodbye to major energy companies and start using the ultimate energizer guide today.

Watch this video demonstration of the ultimate energizer guide put into action


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Better Off-Grid Deal Yet? Good This Weekend Only!

Get Two Pocket Air Pros Worth $99.00 FREE With Your Purchase Of A Pocket Power

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