Wednesday, April 11, 2012

Why America is Dumber than Before

The buzz du jour is the rising cost of college and the mounting debt used by students to pay for it. US Person participates with these revealing charts:
credit: Mother Jones
The above shows annual tuition in thousands of $s. Costs have climbed steadily, especially for private higher education. But student debt has mushroomed. In the last decade student debt has quintupled.  For the first time, Americans owe more for their education than credit card debt. Consequently, this chart shows delinquencies for student loans are also increasing:
The last pie chart shows the amount of debt categorized by age group, with the under forty burdened with more than 65% of the outstanding student debt and fewer jobs to pay for it all.