janet bodnar is the editor of kiplinger's personal finance magazine . it is good to have you on the ogram. >> thank you very much. >> it used to be we worried about crit card debt and now student loan debt is exceeding credit card debt. let's talk about tha americans dethe leveraging on a lot of things these days giv thank you the fragile economic story and borrowing for education has doubled in the last decade. how big of an issue is this. >> numerically is a huge economic issue. the demand for college education increases and demand for a product increases price increases and other things that we won't get in to but the point is young people know that it is important. therefore, they are willing to pay almost anything it would seem to go out and get an education and they tend to borrow more money without thinking how they will pay it back. that's thereal critical issue. >> let's talk stregy from lightening the debt, if you are having trouble for federeral, private loans, lik those provided by sally mae. talk to us about that. >> federal offer the most

i'm janet bodnar. >> tom: and finally, a win for brazilian workers. a new labor law there grants workers overtime if they find themselves answering work e- mails on their smart-phones after-hours. the law equates e-mails to workers as the equivalent of orders given directly to an employee. that makes it possible for workers answering e-mails after hours to ask for overtime. let us know what you think about those electronic leashes on facebook-- bizrpt. that's "nightly business report" for thursday, january 12. i'm tom hudson. good night everyone. we'll see you online and back here tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

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