Chart usGOLD   Chart usSILVER  
 
Food for thought
Crime is contagious. If the government becomes a lawbreaker, it breeds contempt for law...
Louis D. Brandeis  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1307.261.36
Silver 20.950.02
Platinum 1481.00-0.25
Palladium 868.63-1.47
WORLD MARKETS
DOWJONES 1711459
NASDAQ 445631
NIKKEI 15343128
ASX 55345
CAC 40 437065
DAX 9734122
HUI 240-2
XAU 101-1
CURRENCIES (€)
AUS $ 1.4338
CAN $ 1.4462
US $ 1.3466
GBP (£) 0.7891
Sw Fr 1.2149
YEN 136.6350
CURRENCIES ($)
AUS $ 1.0650
CAN $ 1.0740
Euro 0.7426
GBP (£) 0.5861
Sw Fr 0.9022
YEN 101.4600
RATIOS & INDEXES
Gold / Silver62.40
Gold / Oil12.53
Dowjones / Gold13.09
COMMODITIES
Copper 3.200.00
WTI Oil 104.30-0.29
Nat. Gas 3.76-0.01
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
More Amazing Student Loan Statistics
Published : February 11th, 2013
175 words - Reading time : less than a minute
( 4 votes, 4.8/5 ) Print article
 
    Comments    
Tweet
Keywords :   Government |

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!

Tweet
Rate :Average note :4.8 (4 votes)View Top rated
Previous article by
Tim Iacono
All articles by
Tim Iacono
Next article by
Tim Iacono
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
MOST READ
TOP RATED
MOST COMMENTED
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Tim Iacono

Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
Tim Iacono ArchiveWebsiteSubscribe to his services
Most recent articles by Tim Iacono
7/18/2014
7/18/2014
7/17/2014
7/16/2014
7/16/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer