Meredith Whitney on the growing student debt crisis
Bloomberg Television·2025-12-02 20:43
28% of all student debt is owned by this like this avocado toast generation. They don't have assets. So on average, they have 15% of the assets that someone over 55 will have.So they have all of this debt, no equity, no way out. And 35% is the number that owns that's in terms of all the auto debt they own too to your point of car payments. So as the gear head that you are, auto auto loans have been pretty clean, right.there haven't been a lot of uh delinquencies or default prime auto loans. I think that's t ...