There is no force involved; please maintain perspective. There are no debtors prisons filled with 20-something Berkeley graduates. Every penny of every student loan was voluntarily assumed by the debtors. The terms for much of this debt allow payments to be deferred based on income. The average amount of student debt being carried is typically less than the cost of a new car. We deal here with "first world problems."
>> but it never seems to happen
2008? TARP? "Great Recession"?
It clearly registers on every measure of economic activity I've seen. Rather hard to miss, really. You can have a look and the 07-08 collapse of property values over here if you missed it:
There is no force involved; please maintain perspective. There are no debtors prisons filled with 20-something Berkeley graduates. Every penny of every student loan was voluntarily assumed by the debtors. The terms for much of this debt allow payments to be deferred based on income. The average amount of student debt being carried is typically less than the cost of a new car. We deal here with "first world problems."
>> but it never seems to happen
2008? TARP? "Great Recession"?
It clearly registers on every measure of economic activity I've seen. Rather hard to miss, really. You can have a look and the 07-08 collapse of property values over here if you missed it:
https://en.wikipedia.org/wiki/United_States_housing_bubble#/...