We ran across this neat chart below from “HowMuch.net, a financial literacy website”… which stunned us.
The comparison growth of student loan growth versus other types of debt is amazing.
For the record we are huge fans of higher education, but not the debt that may come with it.
So we set off to see if there were a cause and effect for the above chart…
Thanks to our friends at Visual Capitalist the following chart answers a lot.
The small blue shaded area is inflation, compared to how fast Tuitions have increased… No wonder the gigantic growth in Student Debt…
Have a Great “Cause and Effect” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth