Is Student Loan Debt Going To Be The Next Financial Crisis?

Currently student loan debt is at $1.4 trillion and growing, and it’s causing a drag on the economy because people aren’t able to pay for things like houses. Student loan debt is different from other forms of debt because it’s with you for the rest of your life and you can never discharge it in a bankruptcy. People who signed up for tens of thousands of dollars of debt when they were just teenagers are graduating into a world with an increased cost of living and stagnating wages. Not only does college cost considerably more than it did a few decades ago, but you can also expect to make less money relative to the cost of living. Learn more about why student loan debt may be the next financial crisis from this infographic.

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