Defusing the Student Loan Debt Bomb

A recent Wall Street Journal analysis paints a grim picture of the situation facing millennials:  “American millennials are approaching middle age in worse financial shape than every living generation ahead of them, lagging behind baby boomers and Generation X despite a decade of economic growth and falling unemployment. “Hobbled by the financial crisis and recession that struck as they began their working life, Americans born between 1981 and 1996 have failed to match every other generation of young adults born since the Great Depression. They have less wealth, less property, lower marriage rates and fewer children, according to new data that compare generations at similar ages.” Even allowing for the inevitable exaggeration, not to say whining, about their condition, too many millennials seem mired in the dismal “new normal “of the Obama economy just as much of the rest of the country is leaving it behind. The seeming...(Read Full Article)
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