With student-loan debt now outpacing credit-card debt — and becoming a rallying point in the Occupy movement — the administration has for some time promised to address the issue, knowing its potency with voters in an election year.
Higher-ed affordability, or lack thereof, has been in the news, what with President Obama's proposed financial aid overhaul, and with the Occupy movement drawing attention to student-loan debt (now outpacing credit-card debt).
Overall, student loan debt outpaced credit card debt for the first time last year and is likely to top a trillion dollars this year as more students go to college and more borrow money to do so.
Student loan debt outpaced credit card debt for the first time last year and is likely to top a trillion dollars this year as more students go to college and a growing share borrow money to do so.
He thinks that Latin American losses have been stemmed and that market growth in Japan will outpace consumer credit losses.
It is normal for bank lending to grow a bit faster than GDP in an emerging economy as the financial sector develops, but credit is outpacing GDP by an alarming margin in Argentina, Brazil, Hong Kong and Turkey.
By mid-2011, credit was outpacing GDP by a wide margin, raising concerns that the economy was overheating.
They may be having liquidity problems, with expenses outpacing revenues; they may be exhausting credit at financial institutions; or their creditors, who may have once been lenient in a tight cycle, may now be demanding payment.
"In the last four years California has created over a million new jobs, unemployment has dropped to its lowest level since 2008, massive deficits are now solid surpluses, our credit rating is rising and our job growth is outpacing the nation".
Meanwhile the lingering impacts of the credit crisis and stubbornly high unemployment are also weighing on the housing market, as supply may be outpacing demand for new homes and stifling a recovery in home prices in both the new-home and resale markets.
China is outpacing expectations.
