Blame IQ Tests for the Student Debt Problem

Patrick Watson:

Student debt should be productive—after all, it buys education that enhances your income. Yet for millions of Americans, that’s not what has happened, and the reason may surprise you.

Before we get into the details, let me quickly suggest you invest (debt-free) in another kind of education: a Virtual Pass to next month’s Strategic Investment Conference. For the first time ever, the Virtual Pass will include video recordings of every presentation and panel from the SIC 2018.

Even better, if you have some free time when the conference is happening, March 6-9, you can watch it live on your computer or mobile device.

The Virtual Pass includes some other nice benefits too. It’s the next best thing to being with us in San Diego, so check it out here.

Unpayable Debt
The New York Federal Reserve Bank publishes an always-interesting Quarterly Report on Household Debt and Credit. The Q4 2017 version came out last week.

Collectively, Americans carried $13.15 trillion in debt as of year-end 2017.