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Young Adults, Student Debt and Economic Well-Being

Americans under the age of 40 are facing an increasing amount of debt. As it turns out, the presence of student loan debt can negatively impact all other areas of your financial landscape. If you're interested in going back to school, utilize one of the programs available to help you keep your finances in order.

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.

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