School's Out: A Mid-Year Financial Report Card & a Look at Consumer Education Debt
There’s no denying that consumer debt and especially student loan debt are impacting economic recovery. Find out what solution might be in the works.
From June 2014
The battle on both sides of the political aisle doesn't seem to take a rest, but it appears that we have found something that everyone agrees on: Consumer education debt is an issue. Many people have student loans, and most are carrying them longer, with loan balances climbing like never before.
In this podcast, Executive Vice President and Chief Investment Officer Ron Joelson and Vice President of Investment Advisory Services Mark McLennon discuss the impact of education debt on the economy, possible changes to funding, and their overall thoughts on how the economy is doing, based on these mid-year indicators:
- Net worth
- Auto and construction spending
- Employment numbers
- Credit card debt