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St. Louis Fed Calls Out Student Loans, Says 'Serious Delinquency Rates for Student Loans Remain High'

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St. Louis Fed Calls Out Student Loans, Says 'Serious Delinquency Rates for Student Loans Remain High'

On Tuesday afternoon, the St. Louis Federal Reserve released some data on auto and student loans. Loans for both rose during the 2008 recession, but only student loans continued to push higher and higher in the St. Louis Region. Auto loans peaked then contracted.

The following comment from the St. Louis Fred should make your neck hair stand up:

"...the actual rate may be even higher for student loans, as many are in deferment, grace periods or forbearance, and are not actually in the repayment cycle."

Certainly debt levels of this magnitude on the new American generation does not fair well for future economic growth. The experiment of unprecedented global central bank interference with markets rages on while we witness the destructive knock-on effects.

Student Delinquency Rates push higher and higher since the Great 2008 Fed Intervention Period:

Auto Delinquency Rates expanded then contracted in the years since the Great 2008 Fed Intervention Period:

Posted-In: St. Louis Federal ReserveNews Econ #s Economics Federal Reserve Best of Benzinga

 

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