Student debt now could lead to an economic catastrophe in the future.
The New York Times reports that student borrowing is at $1.5 trillion.
“Many borrowers are already falling behind. During the second quarter of 2018, more than 10 percent of student loans were at least 90 days past due,” the Times warned.
Corporate debt is also increasing.
What does this mean for the country’s financial future?
Read more here.