College Debt Hits Well-Off

Ruth Simon and Bob Barry:

Rising college costs and a sagging economy are taking the biggest toll on a surprising group: upper-middle-income families.

According to a Wall Street Journal analysis of recently released Federal Reserve data, households with annual incomes of $94,535 to $205,335 saw the biggest jump in the percentage with student-loan debt from 2007 to 2010, the latest figures available. That group also saw a sharp climb in the amount of debt owed on average.

Posted by Jim Zellmer at August 11, 2012 4:49 AM
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