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Message Subject Student Loan Debt Jumps from $200 Billion to $900 Bln in just 10 yrs
Poster Handle Chris Jusset
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So with chronically high youth unemployment rates, many college grads end up working at Arby's and moving in with the folks. Meanwhile, they're obligated to pay back their student loans. This sucks.
 Quoting: Chris Jusset


This is happening around the globe though.
 Quoting: Epic


Very true. In the 17 Eurozone countries, joblessness among the young now stands at 20.4 per cent, up from 14.6 per cent in February 2008. “Young people trying to get into the labour market is the biggest employment issue in Europe right now.”

[link to www.ft.com]

Spain that has the highest youth unemployment rate in Europe, with 42.8% of under-25s seeking work. The youth unemployment rate in Ireland is 36%, and in Greece it's 35%.

In the UK, the youth unemployment rate is 20.5%, and the number of young people who have been out of work for a prolonged period of time has soared by 43% from a year ago.

[link to www.telegraph.co.uk]
 
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