Should there be a limit on how much debt a young person takes on?
- Written by Paul Schofield, Assistant Professor of Philosophy, Bates College
Do young people pose a threat to their future freedom by taking on too much debt?Fairfax Media via Getty ImagesYoung Americans between the ages of 18 and 29 owe over US$1 trillion in student loans and mortgage and credit card debt that many will be paying back for decades.
The law generally allows adults to accrue significant debt so long as they...
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