This is a really serious line of argument. If student debt is crushing enough that it really does create a cascading effect on “life cycle” purchasing – marriage, purchase of first home, etc. – then the impact will be huge. Student debt in the USA now tops $1 trillion. And, as Mead points out, the effect on Boomers – looking to cash out their homes to create the retirement nest-egg – could be very severe. Just one more reason for the Boomers to stay working…which they are already.