In a new report, "How the Sanders Social Security is Not Progressive," Third Way is warning the electorate that Sanders is coddling the rich. Sanders, who daily attacks the "billionaire class," is proposing to benefit the rich at the expense of the rest of us? Sound preposterous? That is because it is. Let's examine the facts.
Many see student debt as a young person's problem, but it affects all generations. People ages 65 and older owe $18.2 billion on student loans. People ages 75 and older owe around $2 billion on outstanding student loans. As the population ages, the amounts owed by those age groups are increasing rapidly.
You've heard about boomerang kids -- adult children in their 20s and 30s who have returned to live in their parents' homes. Well, get ready for boomerang parents, formerly independent middle-aged people who -- 10, 15, 20 years hence -- will have no choice but to move into their adult children's homes because they cannot afford to maintain their own.