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WHAT WE’RE WATCHING
LIVING A LOAN - Who needs life’s milestones when you have the gratification that comes with slowly chipping away at $100,000 in student loan debt (plus interest)? As Karen Sloan reports, a recent survey of new lawyers by the American Bar Association found that more than half of the respondents—56%—-said they had postponed the decision to buy a house or opted to forgo buying altogether as a result of their debts. And 29% said they had either decided to postpone getting married or not get married at all because of debt. When it comes to having a children, 48% said their debt prompted them to delay that or decide to not have children altogether. In addition, the survey found, vacations and car purchases have also been frequent casualties of the debt crunch.
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