Millennials Are More Than A Trillion Dollars In Debt, And Most Of Them Don"t Even Own A Home

Millennials will pay so much for student loans that consumption and investing will be crowded out......»»

Millennial consumers are missing out on the American Dream as student loan, credit card debt crushes.....»»

As stocks roar back toward their all-time highs (ignoring repeated warnings about incipient weakness in US economic growth), it's worth remembering that millions of underemploy.....»»

Wedding guest debt is unfortunately becoming a thing among millennials. Most people will know someone who is attending nine or 10 weddings this year — and it's easy to start resenting the expense and, in some cases, unnecessary extravagance......»»

Time and time again, we've discussed how America's millennial generation is burdened by debt, effectively precluded from home ownership and increasingly disgruntled and pessimistic about their future prospects for wealth and happiness. In its latest .....»»

Going to college may increase your income, but higher student debt levels have kept many millennials out of the home buying market......»»

Authored by Michael Snyder via The Economic Collapse blog, Today, America is nearly 70 trillion dollars in debt, and that debt is shooting higher at.....»»

Americans owe a staggering $1.4 trillion in outstanding student loans, more than any other form of household debt after home mortgages. Indeed, a college education is one of the biggest investments........»»

Saddled with student debt, many millennials have postponed financial milestones like home ownership......»»

Student loan debt is one of the biggest factors impacting millennials’ ability to purchase a home. According to the National Association of REALTORS® (NAR), .....»»

Overinflated college tuition facilitated by a bottomless ocean of cheap student loans has so far trapped forty-five million Americans with a record $1.48 trillion in non-dischargeable debt – an amount which has more than doubled since t.....»»

While millennials are the most well-educated generation in our nation's history, they're also saddled with millions of dollars in student debt and faced with underemployment and a shortage of jobs in their fields. .....»»

While millennials are the most well-educated generation in our nation's history, they're also saddled with millions of dollars in student debt and faced with underemployment and a shortage of jobs in their fields. .....»»

From Vilas Capital Please follow the link below to page 20.  Because consumer debt to income ratios are below prior.....»»

Authored by Michael Snyder via The Economic Collapse blog, Te.....»»

How many Americans collectively hold almost 1.5 trillion dollars worth of student debt? Buzz60's Me.....»»

A Bloomberg.....»»

With home equity at an all-time high, homeowners could start turning more often to this source of lower-cost debt......»»

Seth Frotman, the CFPB’s former student-loan ombudsman, made the case for changing the rhetoric around student debt......»»

Between college debt, rent and stagnant wages, budgeting for a home is a lofty task—and when it comes to the down payment, millennials are less likely to meet the recommended standard, according to research by Zill.....»»