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/biz/ - Business & Finance


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12393014 No.12393014 [Reply] [Original]

What is going to happen when all of these people wont be able to pay off their student debt? The figures place it at 1.4 trillion I believe. But unlike the housing crisis, you cant bankrupt student loans. So what the actual fuck will happen when this bubble pops? And will it/ will it soon?

>> No.12393311

>>12393014
Nothing will happen. It'll just increase the national debt. The issue is they won't be able to buy nice houses and cars. Less money to contribute to the economy. The poor get poorer, middle class disappears.