Households without Student Debt | Households with Student Debt | |
---|---|---|
College-Educated | 64700 | 8700 |
Not College-Eduated | 10900 | 1200 |
Median Net Worth in US Dollars ($)
Sources:
pewsocialtrends.org
Households without Student Debt | Households with Student Debt | |
---|---|---|
College-Educated | 64700 | 8700 |
Not College-Eduated | 10900 | 1200 |
Student debt is apparently a very large setback for both college-educated and not college-educated people in terms of accumulating wealth. Among those with student debt who have graduated from college, the median net worth was actually less than the median among those without a college education and without debt. Therefore, student debt may be a stronger predictor of net worth than one's educational attainment.