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Since early 2010, total student loan debt has consistently outpaced other non-mortgage household debt.
https://www.pgpf.org/chart-archive/0267_student_debt_outpacing_others
Student debt rose to nearly $1.5 trillion in 2018.
https://www.pgpf.org/chart-archive/0266_student_debt_is_rising
The latest trustees reports make clear that Social Security and Medicare beneficiaries face substantial cuts in the near future unless policymakers take action to make these vital programs solvent.
The homeownership rate for young adult households has declined
https://www.pgpf.org/chart-archive/0227_young_adult_home_own
Debt levels have risen in many sectors of the economy.
8 million people — roughly the population of Massachusetts — have student debt greater than $50,000.
The Administration uses rosy economic assumptions.
https://www.pgpf.org/chart-archive/0268_rosy_economic_assumptions
The U.S. personal saving rate has fallen sharply over the past 40 years and remains low.
The U.S. national saving rate has declined significantly since the mid-1960s.
Despite recent declines, U.S. household debt is still very high relative to disposable income.
