Consumer Credit: Student Loan Revulsion?
Oh boy.... and Leverage isn't out yet.....
Consumer credit decreased at an annual rate of 4-1/2 percent in August 2011. Revolving credit decreased at an annual rate of 3-1/2 percent, and nonrevolving credit decreased at an annual rate of 5-1/4 percent.
This will be dismissed as more "de-leveraging" by some. Don't be fooled.
One month does not a trend make. However....
Continue reading here.
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Posted-In: education bubble student debt student loansTopics Economics General
