This article from Hanah Cho at the Baltimore Sun is filled with horror stories about senior citizens who are being crushed by too much debt from the medical industrial complex, the food industrial complex and our old favorite, the college industrial complex. Actually, I hate to lump the food industrial complex in with the other two because the food industrial complex does a pretty good job of keeping prices low. At least relatively speaking.
In one factoid, 17% of the student debt is owned by adults 50 or over. And I bet this figure doesn’t include the student debt that the parents and grandparents owe because they co-signed the loans of their precious snowflake who just had to have that degree in postindustrial neobiological structuralism.