Journalism: “1 in 4 Americans defaulted on their student loans” is misleading
The claim that “1 in 4 Americans defaulted on their student loans” is a misleading headline from CBS News. The actual number is less than 1 in 20 Americans defaulted – and this was narrowly during the period of The Great Recession, the worst economic collapse since The Great Depression. They have worded the headline to use the method of “anchoring” – when we see this, we immediately think “1 in 4 Americans” have defaulted, which is not true. This appears to be propaganda in support of wiping out student debts.