student debt

Another way to look at it might be "Hey, you're going to accrue a massive amount of student loan debt, so why not spend it at these places?"

With the exception being mortgages, student loans make up the largest component of household debt for Americans. And our collective debt keeps growing.

According to one study, the share of students graduating with $50,000 or more in student loan debt has more than tripled since the year 2000.