Hi Joe - Your student loan debt was 33% of your annual income. Today's graduates have 62% debt to income.
Check out this chart:
In total, American consumers owe:
$11.16 trillion in debt
A decrease of 1.6% from last year
$856.5 billion in credit card debt
$7.86 trillion in mortgages
$999.3 billion in student loans
An increase of 6.1% from last year
Who woulda thought that us Americans, who use our credit cards like drunken sailors - are actually slowing down on credit card purchases - while the students have become the new "drunken sailors".
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