The US Debt Freak-Out
If you read the US papers at all, you’ll have noticed a recent ratcheting-up of panic about student debt. Take Charles Blow’s recent New York Times column, which describes US debt levels as “staggering”, and having “long-term implications for our society and our economy, as that debt begins to affect when and if young people start families or enter the housing market.” Some facts are in order. It is certainly true that, in the United States, it’s possible to accumulate some