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Student Debt in US / The national share of grads with loans rose from 68 percent in 2008 to 71 percent in 2012 with an average of $29,400 in debt
Student Debt and the Class of 2012 is our eighth annual report on the cumulative student loan debt of recent graduates from four-year colleges. Our analysis finds that the debt levels of students who graduate with loans continue to rise, with considerable variation among states as well as among colleges. Seven in 10 college seniors … Continue reading
American households have not fully recovered from the Great Recession finds St. Louis Fed
In an essay from the Federal Reserve Bank of St. Louis’ new Center for Household Financial Stability, the authors provide data on the damage to household wealth during the Great Recession, explore the circumstances that led to large declines in household wealth, make the case that such wealth has not fully recovered and show why … Continue reading
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