There are more than 44 million Americans with student loan debt.
Representative Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, said student debt is holding back America’s economy because employed college graduates are spending so much of their income on paying for their education, preventing them from moving up the property ladder.
“We have an entire generation that is delaying or forgoing purchasing houses,” Ocasio-Cortez, 29, who had around $25,000 student debt and made monthly payments of $300, despite meager earnings as a bartender and waitress, told Time in an interview.
The New York City Democrat also said her generation has never truly experienced “American prosperity.”
“Our entire economy is slowing down due…