Student Loan vs. Credit Card Debt in US
by Jacob Jedamus-Denu on Apr 13, 2014 | Views: 341 | Score: 3
| Total US debt | |
|---|---|
| Credit card debt | 854.2 |
| Student loan debt | 1115.3 |
$ in billions
Sources:
npr.org, nerdwallet.com
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by Jacob Jedamus-Denu on Apr 13, 2014 | Views: 341 | Score: 3
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Student loan debt increased 13.9% in the United States from 2013 to 2014. It now outweighs total US credit card debt. William Elliot, director of the Assets and Education Initiative at the University of Kansas, says young adults are putting drag on the economy by not investing in markets because of their student loan debt.