The inflation levels of student loans can be crippling to social mobility, just ask young people who graduate with $50,000 or more in student loan debt. While job uncertainty increases with rising automation, what about students staring down the barrel of six-digit loan obligations yet to come?
The student debt crisis could have long-term impacts on the U.S. economy. Yet we rarely think about alternatives to the status-quo of dangerous inflation.
What happens when student debt actually lowers the fertility rate? What happens to consumerism and an inverted population pyramid and a labor market that can no longer provide for the services society needs? Welcome to the economic press of the future.