Young Adults, Student Debt and Economic Well-Being
May. 14, 2014 Pew Research
Student debt burdens are weighing on the economic fortunes of younger Americans, as households headed by young adults owing student debt lag far behind their peers in terms of wealth accumulation, according to a new Pew Research Center analysis of government data. About four-in-ten U.S. households (37%) headed by an adult younger than 40 currently have some student debtthe highest share on record, with the median outstanding student debt load standing at about $13,ooo.