“According to our updated analysis of the Survey of Consumer Finances for 2016 (the best available data, though imperfect), the most affluent households—the top 25 percent of households with the highest earnings—held 34 percent of all outstanding education debt. The top 10 percent of households, with incomes of $173,000 or higher, held 11 percent of the debt.
…
These analyses, [consistent with other findings] suggest that debt forgiveness plans would be regressive—providing the largest monetary benefits to those with the highest incomes.”
Bernie must really love rich folks.
