Potential debt problems more common among the educated, study suggests
Tuesday, October 9, 2012 - 14:31
in Mathematics & Economics
Before the financial crash of 2008, it was highly educated Americans who were most likely to pile on unmanageable levels of debt, a new study suggests. Overall, the percentage of Americans who were paying more than 40 percent of their income for debts like mortgages and credit card bills increased from about 17 percent in 1992 to 27 percent in 2008.