The clock started ticking on a financial time bomb this week for student loan borrowers — those in default will now be referred to debt collections.
Because of the messy state of the student loan world, the economic fallout could be far more widespread than anticipated, hitting some who typically would be able to pay back loans. It also comes amid recession fears, worries over higher inflation, and a slowdown in hiring.
I was reliably informed at the start of the year that the US was just days away from the best jobs, the biglyest paychecks, and a golden age.
Was I misled‽
No, just none of that is for you. All of that is for those already rich and/or in seats of power.