Are Student Loans the next Financial Bubble?
Trudi C Kayser
We're Hiring || Chief Empowerment Officer || Financial Professional || Fun Financial Speaker || Recruiter
Happy Friday! The week flew by! We did have some great upward movement in the market! Despite the ups - we are still down as far as Year To Date numbers. Once again, if you haven't learned how to protect your retirement dollars in this environment, we have the answer! Attend a workshop! It's about 45 minutes of your time! It's a small price to pay! ;)
Market update YTD through 7/22/22
Dow: -11.66%
S&P 500: -16.23%
NASDQ: - 23.36%
Our clients are protected - no losses! EVER!!
If you or someone you know has an old 401k, IRA or TSP that is riding on this roller coaster downhill - we can help protect the rest!
The Next Economic Bubble - Student Loan Debt?
Unfortunately, Friends, the next bursting economic bubble could be student loan debt which is at about $1.762 trillion (having TRIPLED since 2007).?
That is greater than combined American credit card debt! This is NOT sustainable. If that bubble bursts, it could make student loans harder to get in the future.
Here are the updated statistics!?
- The outstanding federal loan balance is over $1.606 trillion and accounts for?91.2% of all student loan debt.
- 43.4 million borrowers have federal student loan debt.
- The average federal student loan debt balance is $37,014 while the total average balance (including private loan debt) may be as high as $40,904.
- Less than 2% of private student loans enter default as of 2021’s fourth financial quarter (2021 Q4).
- The average public university student borrows $30,030 to attain a bachelor’s degree.
"Hanson, Melanie. “Student Loan Debt Statistics†EducationData.org, May 30, 2022, https://educationdata.org/student-loan-debt-statistics"
I am SO glad we get to help parents and grandparents set up Million Dollar Baby College Savings plans that are?NOT?under IRS control.?
The money grows when the S&P 500 does well and locks in before it crashes (NO LOSS)!
I can teach you how parents and grandparents can set these up for ONLY $2 - 3 a day!
Let's get together and chat or attend a workshops below to learn more:?https://meetme.so/tckayser?
领英推è
Come join us at our free Money101 workshop! You can learn how to set up a S.W.A.N. Plan and live worry free concerning your money!
Register - Log on - Learn!??
WEDNESDAY - July 27th - 5pm - 6pm [PST]
WEDNESDAY - August 3, 2022 6pm - 7pm [PST]
Register here:
We also have ON DEMAND recordings if you cannot make it to the scheduled LIVE events!
And - ladies - save your seat NOW for Coffee, Chicks and Cash for AUGUST!?We are installing Wealth Files!?Easy to catch up if you haven't been able to join us the past couple of months!
Coffee, Chicks & Cash - Virtual - August
Saturday, August 20th at 9:30am [PST] & [AZMST]
You will register on EventBrite and be sent communications regarding access to the class virtually. You must register in order to get this.?
See you there!
Did you catch Trudi's Tuesday Tips?
Have a great weekend!