It came to me, finally! A solution to un(der)employment…

After the Fed released consumer credit data for February 2015 last week, CNBC reported the up note: Consumer Borrowing Climbs to Record High in February.

From the headline alone, it’s tempting to start singing Happy Days Are Here Again. After a $10.8 billion gain in January, consumer borrowing expanded an additional $15.5 billion to hit an all–time high of $3.34 trillion. Maybe consumers are coming around after all?

Not so fast. The details paint a different picture: while borrowing in the category that encompasses student loans and auto loans jumped $19.2 billion, borrowing in the category that includes credits cards moved in the opposite direction, dropping by $3.7 billion.

Now, let me see if I have this right. Student loan debt increased—but students are graduating into a poor job market. Not good for anyone. Plus, doesn’t the drop in credit card borrowing mean consumers are spending less? That doesn’t bode well for the economy either.

And those auto loans? A potential subprime auto–loan bubble may be growing, as reports: Auto Loan Borrowers’ Failure Rates Are Rising.

Perhaps the underemployed college graduate with high student–loan debt should just seek a career as a repo man.