College Grads: Your Debt is Your Future
by Rachel on May 16, 2014 | Views: 86 | Score: 2
|Median net worth of households... With student debt||Without student debt|
|among college educated young adults (head of household less than 40 years old)||8.7||64.7|
thousands of dollars
"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... Households headed by a young, college-educated adult without any student debt obligations have about 7x the typical net worth of households headed by young, college-educated adults with student debt."