Tag: Economy

These 3 Charts About Student Loans Should Scare Everyone

Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, wrote a startling article on “the economic side effects of the student loan crisis.”

1. Homeownership is on the Decline

chart1-homeownership

2. More Student Loan Debt Among Older Age Groups

chart2-studentloan

3. College Education is Still Key to Employment and Earnings

chart3-earnings

So you have to have a college education to earn decent income and steady employment, but the cost of that degree makes it nearly impossible to purchase a home, save for retirement, etc.

Rieder offers some excellent perspective on why this is some seriously alarming data for the economy.

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How the Next Bust is Brewing

Check out my article, “How The Next Bust Is Brewing,” which was just published by Seeking Alpha. It covers…

  • Consumer credit scores have reached a record high.
  • The mistakes that caused the 2008 financial crisis are falling off credit reports.
  • Credit card debt remains on the rise.
  • FICO is lowering the standards for achieving a high credit score.
  • The average American household is a higher credit risk than it appears to be.

These are very concerning developments that every investor should be aware of.