More Amazing Student Loan Statistics

IMG Auteur
Published : February 11th, 2013
175 words - Reading time : less than a minute
( 4 votes, 4.8/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Crisis Debt Growth
Category : Crisis Watch

After looking a little closer at yesterday’s latest Consumer Credit report from the Fed, the growing student loan debt began calling out to be transformed into a chart and I was happy to oblige.

Technically, the “Student Loans” item below is nonrevolving credit held by the Federal Government, but, it’s basically all student loans and it’s been the most important factor in the recent rise in consumer credit.

It’s not really a big surprise to see what happened during the 2008 to 2010 period as the financial crisis led to widespread deleveraging for everyone except for those with student loans, but I was taken aback at how much student loans contributed to the growth in consumer credit over the last two years.

Student loans accounted for 72 percent of the increase in consumer credit in 2012 and, over the last two years, it accounted for 91 percent of the overall increase. Since 2008, student loan debt has increased by $434 billion while all other consumer credit declined by $322 billion. As I said … amazing!

<< Previous article
Rate : Average note :4.8 (4 votes)
>> Next article
Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Why You Must Own Silver in 2018
23 JanDoom-1
I don't know about your prediction, but, yeah, until the "we can short it infinitely often" issue is addressed, silver can only be whatever price t...
Why You Must Own Silver in 2018
23 JanThautikus0
Silver over $20.00 US, pipe dream much. Never happen. Silver will be capped with untold millions of ounces of naked shorts. The Bullion Banks and C...
Predicting The Next Crisis, Programming Behavior: “The Ability To T...
18 JanS W.
Excellent article with a small touch of healthy paranoia. Good idea, 'leave the phone at home sometimes' Go smell the roses !
Racism-O-Rama
18 JanS W.
Fancy specialising in race and gender studies ! And then do exactly what? I suspect, write papers ad infinitum that hardly anyone would read.
Who Moved My Xanax?
17 JanThemis0
I actually agree with a lot of what Trump says while deploring the tone and his lack of judgment in making such remarks publically while in office.
Socialist Dystopia: Starving Venezuelans Loot As Runaway Inflation ...
17 JanThemis
There is a 19th century English word that is particularly appropriate in this instance - "kakistocracy", i.e. government by the worst or least qual...
Who Moved My Xanax?
15 JanMr. Gnawbone1
It is an exploitation of the ignorant and uninformed population, but that is what happens when they pay attention to meaningless information and ...
Racism-O-Rama
15 JanMr. Gnawbone1
It sounds racist, so it has to be. Overton Bubble at work, the faculty were programed to respond as if to a Pavlovian Bell. There is no way to ch...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.