Nearly half of students feared they would finish with high debts and no jobs, according to the study.

But as they build up debts, not all these students will be improving their job prospects.

Are you ready for an incredible burst of spending, for racking up credit card debt, for the stress of buying things for everyone on your list?

A long period of high household saving seems assured in rich countries whose consumers lived off credit and have heavy debt burdens to show for it.

People say that we've heard what he had to say before, but he is the president and he was calling for a sense of urgency about [America's indebtedness].