Student Debt Delinquency Reaches $166 Billion

By: Curtis Wayne   3/1/2019

The US Student Debt bubble continues to grow.

The total student debt is over $1 trillion.  The wages are not rising fast enough for students to be able to pay back their loans and many have stopped making payments. 

The amount of loans are that are now delinquent is also at an all time high $166 billion.   Student loans cannot be forgiven in bankruptcy, so students have no way of clearing these loans, they must be paid by working.

Young adults with college loans have become debt slaves and will be working for many years just to pay back these loans.  This is one of the reason that socialism is gaining influence, because these young adults see no other way to free themselves of the lifetime of debt slavery.

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