Paying Off Student Debt Is Saving

Hate to be the econ nerd here, but this is the sort of thing that folks writing on economics should get straight. (The failure by econ writers to get such things right is one reason that Jonathan Gruber thinks the public is "stupid.") Anyhow, Catherine Rampell messes this one up in an otherwise reasonable piece discussing differences in saving rates by age.

The piece notes the negative saving rate reported for people under age 34 and then comments:

"These numbers have inspired various condem...