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Millions in default on student loans as debt crisis grows (www.kjct8.com)

submitted 21 hours ago by return2ozma@lemmy.world to c/usa@lemmy.ml

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Jack Wallace, Director of Government and Lender Relations at Yrefy, said the financial picture for American consumers is concerning.

“The American consumer is not in good shape today,” Wallace said. “We have over 1.8 trillion in student loans. Auto debt is over 1.5 trillion. Credit card debt is back up. It’s up to 1.3 trillion.”

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[–] dangling_cat@piefed.blahaj.zone 3 points 16 hours ago

It’s not like they can take your degree back

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