The “ticking time bomb” of student debt, unemployment

March 21, 2017

The combined problem of high student-debt loads and overqualified unemployment is “a ticking time bomb” for the country, writes Geoff Johnson in the Times Colonist. Johnson examines recent research into student debt as well as StatsCan data to convey a sense of the current situation faced by many young people. The article touches on recent initiatives by the government to increase the amount of student grants that do not need to be paid back, and examines how debt impacts young Canadians’ lives after PSE. Johnson concludes by citing Francis Fong, TD Bank Economist, who predicts that unless universities, employers, and the government work together, debt and unemployment among young Canadians presents a “ticking time bomb” for the country. Times Colonist