It seems an amount that brings tears to peoples eyes, when they think of this debt and how it will be repaid. The greatest blessing would be for the students to be doing some work, earning towards repaying this debt.
Easier said than done, but hope must be there.
Granted that everyone cannot be the CEO or someone quite important in an organization, but there must be motivation to do some first-rung jobs at minimum wages. That motivation may be that one day that work experience will translate into big bucks as organizations expand as the economy expands, once governments acknowledge that that is the way up.
Fill up the shops, offices and factories with interns - those youngsters will have the prestige of going to work, dressing up smartly, and at least getting some compensation e.g. lunch and travel money. Just peoples' presence at stores will improve the atmosphere, and probably improve sales. Where there are more shop assistants, those shops are normally busy.
People have cut down on retail therapy, that joyful experience of going to a shop and having a proper look at the merchandise and then treating oneself to something. How else can a soul be inspired, or feel rewarded?
Side by side, if the US government can continue the tax concessions (which have encouraged creation of jobs) for another two years, in tandem with low interest rates, it will do a power of good.
I'd like to hear your views, so please drop me a line.