Source: Demos
The future is already here. Decreasing government support has been the trend for many years, and looking at the fiscal situation in many states, this development is likely to continue if not accelerate. Demos, a non-profit public policy group, provides a data rich and very sobering set of charts in their report "The Great Cost Shift". Chart 1 shows for example student loans have more than doubled just since 2004 (and remember that all this happened under a low-inflation scenario). With relatively stagnant incomes, loans as a percentage of total household income have concurrently more than doubled. For more details, see Demos "The great cost shift" http://bit.ly/K0MMxR
