Student debt in America amounts to over $1.5trn
Mike Bloomberg is the latest politician to promise to tackle the problem
ON FEBRUARY 18TH Mike Bloomberg became the latest Democratic presidential candidate to promise to tackle student debt in America. The stock of loans amounts to over $1.5trn, around 7% of GDP. Fully 45m Americans owe an average of $37,000; a fifth are struggling to make repayments. Despite making up 56% of the student population, women owe two-thirds of total debt.■
This article appeared in the Finance & economics section of the print edition under the headline “Student debt in America amounts to over $1.5trn”
Finance & economics February 22nd 2020
- The Bundesbank is caught between a doveish ECB and a suspicious public
- Are there too many central bankers?
- HSBC undergoes yet another overhaul. It still may not be enough
- Michael Milken receives a presidential pardon
- The appeal, and the flaws, of cash-based accounting
- Cash sloshes around the world in unexpected ways
- Student debt in America amounts to over $1.5trn
- Covid-19 presents economic policymakers with a new sort of threat
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