13458864, That threshold is quite low. Posted by Brew, Wed Apr-27-22 11:22 AM
Let's not pretend that a household income of $74,000 means these people are wealthy, at all, by any means.
They're doing fine. But having loans, especially those approaching or exceeding the six-figure mark, on a $74,000 annual salary, is pretty limiting and in some cases, crippling.
>"The highest-income 40 percent of households (those with >incomes above $74,000) owe almost 60 percent of the >outstanding education debt and make almost three-quarters of >the payments. The lowest-income 40 percent of households hold >just under 20 percent of the outstanding debt and make only 10 >percent of the payments. It should be no surprise that >higher-income households owe more student debt than others. >Students from higher-income households are more likely to go >to college in the first place. And workers with a college or >graduate degree earn substantially more in the labor market >than those who never went to college." > >https://www.brookings.edu/blog/up-front/2020/10/09/who-owes-the-most-in-student-loans-new-data-from-the-fed/
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