Student loan debt has skyrocketed, and is likely to top $1 trillion this year, with the average student leaving college $24,000 in debt. And the college degree and student loan debt isn’t leading to a good job. Over 22% of people under the age of 25 are unemployed and 22% are working in jobs that don’t require a college degree.
As a result, a recent Pew study found in 2009, households headed by adults younger than 35 had 68% less wealth than households of their same-aged counterparts had in 1984. If young people are the future of our economy, how can we recover if they are saddled by student loan debt and unemployment?
In a consumer-driven economy, we can give young people the power to jumpstart our economy by capping student loan payments. By putting money back in their pockets and ease the burden on crippling student loans, young people can help contribute to America’s economic recovery.
Sign the petition in support of policies capping student loan payments to give young people the power to jumpstart America’s economy.