🚨 STUDENT LOAN CRISIS WORSENING — DEFAULT RATES RISING
Student loan defaults just hit 12.5%, the highest in a decade. Total outstanding debt: $1.7 trillion. Young people are drowning in debt they can't repay. This affects consumer spending and housing.
🎓 Economic damage:
Home buying delayed years
Consumer spending reduced
Career choices distorted
Political pressure mounting
When an entire generation carries massive debt, it slows the whole economy. They can't buy homes, start businesses, or spend freely. This is a long-term economic drag. 📉
$GTC $ID $EDU #StudentLoans #Education #Economy #DebtCrisis #Write2Earn