The data in this new General Accounting Office report(.pdf) on seniors and student loans is both fascinating and disturbing, especially when viewed in relationship to the burgeoning for-profit college system (as detailed nicely by John Oliver the other day) and the dim prospects for anyone without a college degree in today’s U.S. economy.
There’s more in this WSJ story that details how a rapidly growing number of senior citizens are having their social security/disability checks garnished as a result.
About the only good news here is that at least college kids are getting better grades, as evidenced by the graphic below from this item at the Economist.
In the words of Walter White during another highly entertaining (and greatly appreciated) repeat of the Breaking Bad Binge on AMC, “So, there’s that”.
