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Millions in default on student loans as debt crisis grows (www.kjct8.com)
submitted 2 months ago by to c/usa@midwest.social
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Jack Wallace, Director of Government and Lender Relations at Yrefy, said the financial picture for American consumers is concerning.

“The American consumer is not in good shape today,” Wallace said. “We have over 1.8 trillion in student loans. Auto debt is over 1.5 trillion. Credit card debt is back up. It’s up to 1.3 trillion.”

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[–] 1 point 2 months ago

The regime is probably gonna try to garnish wages. Which, you know, go ahead I guess…? Because that would be a great way to concretely turn an entire generation fully against you. Not even the weird segment of conservative zoomers would put up with that.

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