This is going to be a problem. Student debt cannot be discharged in bankruptcy, debtors simply garnish wages.
Terrible things will happen with a young overburdened workforce slaving away for their debt. Politicians are already trying to figure out how to squeeze more social security taxes out of them.
This is bad for the economy, likely to cause extreme class warfare and social upheaval.
Terrible things will happen with a young overburdened workforce slaving away for their debt. Politicians are already trying to figure out how to squeeze more social security taxes out of them.
This is bad for the economy, likely to cause extreme class warfare and social upheaval.