This news video was posted roughly a year ago, and looking at today’s numbers, it looks like things have not gotten any better for students. If anything things have gotten worse, the unemployment rate is slowly climbing higher and higher. Corporations are hording trillions in cash with record profits and not hiring workers and all the while student debts are also going much higher.
My feeling is that the student debt market is the next bubble. As you have seen a housing or mortgage bubble in the U.S.A where people are unable to pay for their mortgage and walking away from their homes, the same thing may happen in the student debt arena…it is a ticking time bomb also marked in the trillions.
by Das Brain
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