The Rising Influence of Rising Affluence

[wow_happens28]

Student loans are like the new kid on the block in the debt. Two links below show charts of student loans up 4 to 6 fold since 2008. This now has a delayed affect. College grads don't get a nice new job and buy a house immediately. They need some savings for a down payment. So, the new grads in the past say 6 years will have many that will not qualify for a new home with outstanding debt. Thus housing starts and some auto loans will be rejected and housing starts slump, leading to all sectors in the economy slowing.

I believe student loans increasing is the result of two factors.
1. Parents don't have the excess money they used to have as family income is falling.
2. Kids can't get good jobs, so they are encouraged to go to college to get a better job, jobs that are disappearing.

https://www.bloomberg.com/view/articles/2015-04-17/washington-may-not-want-to-get-out-of-student-debt

http://www.zerohedge.com/news/2017-02-02/america%E2%80%99s-student-debt-problem-much-bigger-anybody-realized

I believe a cashless society will become an easy sell as deficits grow. The underground economy in the US has got to be huge, filled with many small and massive tax cheats. Freedoms lost, but an easy sell in bad times.

http://www.investopedia.com/articles/markets/032916/how-big-underground-economy-america.asp

I believe I posted here about India trying to go cashless, and even biometric by 2020(fat chance that soon). But cashless is being staged in by many countries in Europe and Asia, all setting the stage and a trial for the world, US included?>>>>

http://theeconomiccollapseblog.com/archives/the-globalists-strike-back-with-a-major-push-toward-a-cashless-society