Student Loan Debt – America’s Next Bubble To Burst
Economies world over are in a critical state. Be it unemployment, inflation or cumulative debt, today, more than ever there seems to be a wider gap between the privileged and the unprivileged. This divide can be seen today in the US society, where there is a considerable rise in student debt. According to the US department of Education, this student debt bubble is rising per year by a staggering 17 %. So high is the US student debt, that it supersedes the total cost of the Iraq- Afghanistan war as well. Here is a great info graphic to put things in perspective.