I’ve been hearing for over five years that the next debt bubble to pop is the student loan debt bubble. I don’t understand why I hasn’t. Maybe it already is but we’re not seeing homes repossessed, so it’s under the radar.
the students' minds are being repossessed
How can I go short on these?
It’s unsecured debt so all the banks can do is ding a persons credit report. I suppose it will become more noticeable when the creditors start writing off the debt or demanding the US pay them off.
Most of the debt belongs to women who have useless degrees in “Studies du jure”, worse they took out bigger loans than men who mostly got useful stem degrees.