As depicted below going back to 1948, typically job loss in the USA was a fairly deep trough with recovery coming relatively quickly. Not so, this time...
Meanwhile, while out of work, many people have returned to school. Lacking available funds to pay out-of-pocket, the use of student loans is expanding quickly. There have been some reports that the total of student loan debt has now surpassed normal credit cards. Of course, these are averages. Many students have little or no debt, while others are well over $100,000 after graduation.
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