There?s no question that many of the statistics associated with student loan debt are eye-opening….A report released Thursday by the Institute for One Wisconsin, a liberal think tank, argues that yes, it is something to be concerned about, because ?student loan debt is stealing the future of the middle class? and acts as a significant drag on the state?s economic recovery due to the fact that so many people continue paying for their education so long after they graduate. The analysis indicates middle-class households with student loan debt are significantly more likely to rent than own a house, while those paying off student loans also are more likely than those without such debt to buy used cars rather than new ones, potentially reducing new car purchasing in Wisconsin by more than $200 million each year.
Office of Strategic Communication