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How surging US student debt is affecting borrowers' lives
by Josh Boak, AP Economics Writer
The Associated Press Translate This Article
5 October 2015
On 5 October 2015 The Associated Press reported:
America's $1.2 trillion in student debt is having consequences in far-reaching ways. Three trends show how the pressures from student debt are compounding: Falling incomes, more borrowing, and less spending elsewhere. The latter can slow the economy because consumer spending drives about 70 percent of U.S. economic activity.
Global Good News service views this news as the failure of modern business and education systems.
Such 'flops' highlight the need for more intelligent, evolutionary, Natural Law based, life-supporting systems.
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Global Good News comment:
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Every day Global Good News documents the rise of a better quality of life dawning in the world and highlights the need for introducing Natural Law based—Total
Knowledge based—programmes to bring the support of Nature to every individual, raise the quality of life of every society, and create a lasting state of world peace.
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