17 Oct '11, 10am

Forgiving Student Loans: A Stimulus for the Middle Class

On the other hand, eliminating student loan debt and helping people lower their home mortgages are investments that revitalize the middle class. This country used to take immense pride in its strong middle class, but it hasn’t promoted its growth for the past thirty years. When the American Dream was still achievable, a poor household could aim to achieve middle class status, but recent trends are showing just the opposite. Regardless of work ethic, more and more middle class families are slipping into poverty, in part because of the heavy debt burden of house ownership and of pursuing a higher education degree. For the first time since the Great Depression, today’s Americans are not likely to have a better standard of living than their parents.

Full article: http://www.triplepundit.com/2011/10/forgiving-student-loa...

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