- Fidelity Modern Lifestyle
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Secret takeaways
- Millennials hold a lot more school personal debt than past generations in one age.
- Having you to definitely blast of income actually always enough to repay obligations easily.
- Of a lot inside age bracket have experienced to make and you will save money in inventive getting regarding obligations.
On the path to monetary comfort, of a lot millennials are up against the exact same roadblock: pupil obligations. An excellent 2021 Harris Poll getting CNBC discovered that 68% off 33-to-40-year-olds that has applied for figuratively speaking remained spending them down. 1 It’s no surprise: Millennials carry good 50% greater average obligations than just Gen X performed at the same years, based on a beneficial 2019 Pew Browse Cardiovascular system declaration.