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|User Info||Richmond Fed: More Bad News; entered at 2011-05-24 12:23:42|
May? Graduation Month? Maybe the full impact of those 6 figure loans and no job offers are finally hitting home especially when the kids move back to home owing more on their school loans than the mortgage on the house. Just think of all those who took seconds on their houses to help the kids get through and are now having a conversation with the kids of why they felt it necessary to borrow a $150,000 plus the nagging 36% credit card debt. Lets see 2007 as Freshman? Yeah, credit card companies were still going wild and student loans never stopped. |
June is gonna be bad, real bad.