Borrowing for education has increased rapidly in the past several decades, such that the majority of non-housing debt on US households' balance sheets is now student loan debt. This chapter analyzes the implications of student loan borrowing for later-life economic well-being, with a focus on...

The Federal Reserve Board’s Survey of Consumer Finances for 2019 provides insights into the evolution of family income and net worth since the previous time the survey was conducted in 2016. The survey shows that over the 2016–19 period, the median value of real (inflation-adjusted) family...

Borrowing for education has increased rapidly in the past several decades, such that the majority of non-housing debt on US households’ balance sheets is now student loan debt. This paper analyzes the implications of student loan borrowing for later-life economic well-being, with a focus on...