Tran­si­tions

The Washington Post Sunday - - TAKING STOCK -

To­tal U.S. stu­dent debt hit a record $1.31 tril­lion last year, ac­cord­ing to the Fed­eral Re­serve Bank of New York. Out­stand­ing loans taken out for higher ed­u­ca­tion have dou­bled since 2009, data show. Close to one-quar­ter of stu­dent debtors whose bills have come due are in de­fault or at least 90 days late on their re­quired monthly pay­ments.

Memo to job-seek­ers: You’ve prob­a­bly got more of a chance of walk­ing dogs for a liv­ing than teach­ing kids in the com­ing decade’s la­bor mar­ket, ac­cord­ing to a re­port from the New York-based Con­fer­ence Board on the chang­ing com­po­si­tion of con­sumer de­mand — the main driver of the econ­omy — over the next 10 years. Spend­ing on pets is fore­cast to rise strongly as boomers — per­haps pin­ing for chil­dren who have flown the coop — shower their at­ten­tion and money on new­found furry friends.

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