SAGE News Clips: Multigenerational Student DebtDescription: Student debt is a multigenerational problem with many families struggling to pay off their student debt, while simultaneously sending their children to college. In this video we meet the Biglers, who are paying more than $2,500 per month just on educational debt alone. Their student loan debt is much more than they pay for their home or car. In the last decade, student loan debt has increased to $1.2 trillion. Six million Americans in their 40s now owe more than $200 billion in student loans.Click on the above link to access the Interactive eBook. Once you've signed in, scroll to page 248, and watch the video. When you've finished watching the video, come back to the test, and answer the following questions:According to the
video, what is one way that private student debt could affect the economy at large?
A. Indebted graduates are increasing spending in other areas because they feel it is fruitless to save money for retirement.
B. Indebted graduates are pulling back on spending in other areas.
C. Indebted graduates are contributing to a rise in home ownership.
D. Indebted graduates are making it more difficult to be approved for loans.
Answer: B
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