Chart of the Day: Student Loan Debt Is Skyrocketing


You’ve probably seen this chart before, but it’s worth seeing again: Student loan debt is just flatly out of control. I understand why this has happened, and I understand why it’s hard to get a handle on, but we’re going to regret it if we don’t do something about this. We’re training a whole generation to be wary of going to college, and for those who do, we’re forcing them to start out their lives living under a mountain of debt. This is a recipe for disaster. More here from Maggie Severns.

It’s also yet another fault line between young and old that’s not likely to turn out well. My generation got a cheap college education when we were young, and we’re getting good retirement benefits now that we’re old. Pretty nice. But now we’re turning around and telling today’s twentysomethings that they should pay through the nose for college, keep paying taxes for our retirements, and oh by the way, when it comes time for you to retire your benefits are going to have to be cut. So sorry. And all this despite the fact that the country is richer than it was 50 years ago, and will be richer still 50 years from now.

But at least today’s kids don’t have to worry about being drafted. That’s something, I suppose.

THE BIG QUESTION...

as we head into 2020 is whether politics and media will be a billionaires’ game, or a playing field where the rest of us have a shot. That's what Mother Jones CEO Monika Bauerlein tackles in her annual December column—"Billionaires Are Not the Answer"—about the state of journalism and our plans for the year ahead.

We can't afford to let independent reporting depend on the goodwill of the superrich: Please help Mother Jones build an alternative to oligarchy that is funded by and answerable to its readers. Please join us with a tax-deductible, year-end donation so we can keep going after the big stories without fear, favor, or false equivalency.

THE BIG QUESTION...

as we head into 2020 is whether politics and media will be a billionaires’ game, or a playing field where the rest of us have a shot.

Please read our annual column about the state of journalism and Mother Jones' plans for the year ahead, and help us build an alternative to oligarchy by supporting our people-powered journalism with a year-end gift today.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.