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Trading Ideas

The Student Debt Crisis and What It Means for You

I’ve previously written about America’s coming retirement crisis. But there’s another crisis that isn’t helping the situation… the student debt crisis.

As more Americans attend college, student loans have grown by almost 160%. There’s currently $1.5 trillion in federal student loans out there.

The average student loan borrower is $37,172 in debt. Many owe more than that… Late fees and defaults often drive that debt up to six figures. It’s gotten so bad that 40% of borrowers are expected to default on their loans by 2023.

The average monthly payment on a student loan is $393. But some people pay as much as …read more […]

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Business News

Wall Street tumbles on global economic slowdown fears

Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes posting their biggest one-day percentage declines since Jan. 3, as weak factory data from the United States and Europe led to an inversion of U.S. Treasury yields, fueling fears of a global economic downturn.

…read more […]