America’s Student Debt Is More Than COMBINED GDP Of Denmark, Greece, Chile and Israel

[Geee]

Daily Caller:

America’s student loan debt level has reached a crushing total of $1.16 trillion, according to a quarterly report on household debt and credit released this month by the Federal Reserve Bank of New York.

 

To put this $1.16 trillion figure in perspective, it is more than the annual gross domestic products of Denmark, Greece, Chile and Israel — combined.

 

With a collective annual GDP of about $1.14 billion (as tabulated by the International Monetary Fund), the entire economies of Denmark ($330.6 billion), Greece ($241.8 billion), Chile ($276.9 billion) and Israel ($290.6 billion) fail to produce enough in a whole year to pay off America’s student debt.