Thursday, March 29, 2012

Will You Marry Me (After I Pay Off My Student Loans)?

Bloomberg Businessweek reports:
Could crushing student loan debt be a bigger-than-expected culprit behind recent trends showing that young adults are waiting longer than ever to get married and have children?

A new report (not yet online) by economic forecasting firm IHS Global Insight points out that while other forms of debt have been going down since 2007, student loan debt has been growing, both in terms of the number of borrowers and the size of the loans. At the same time, the number of young Americans delaying marriage and starting a family has accelerated.
Great moments in the welfare state!