FYI: The Board of Governors of the Federal Reserve System publishes an annual report on the well being of U.S. households. I pulled some of the most important charts.
The typical amount of education debt in 2017 was between $20,000 and $25,000, putting monthly payments between $200 and $300 per month. If you’re making $50,000, this means 13-20% of your paycheck is going to service your loans. That sounds like too much, and it is, but the ridiculous cost of student loans doesn’t change the fact that people who go to college generally are better off financially than those who don’t.
Regards,
Ted
https://theirrelevantinvestor.com/2019/04/07/the-well-being-of-u-s-households/
