Americans Tag

Photo by Paul Morigi/Getty Images The Debt Collective launched a latest campaign today: “Fifty Over Fifty.” The group’s latest crusade is “a coordinated student debt strike by older Americans to pressure President Biden to broadly cancel student debt,” in line with a press statement shared with ESSENCE. The campaign is strategically timed after their recent debt strike victory against ITT Tech, which resulted within the Department of Education providing 200,000 plus borrowers with almost $4 billion in relief. In accordance with Investopedia, the vast majority of student debt is held by adults over the age of 35. While borrowers under 34 held over $500 billion, their counterparts aged 35-49 and 50-61 owe balances of $622 billion and $281 billion of debt, respectively....