Several days ago, I posted several pie charts showing student-loan debt as a percentage of total personal debt in 2003 and in 2013.
Business Insider has represented the same federal data as a bar graph of the first- and third-quarter data from each year between 2003 and 2014.
What this graph allows one to see is that even as total personal debt declined following the Great Recession, student-loan debt continued to increase and that the increase in student-loan debt has been a major factor in the increases in total debt over the past year or so.
The complete item from Business Insider is available at: http://www.businessinsider.com/ny-fed-q1-2014-household-debt-2014-5?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Markets%20Chart%20Of%20The%20Day&utm_campaign=Moneygame_COTD_051314
Reblogged this on Ohio Higher Ed.