Student debt burdens are weighing on economic fortunes of younger Americans. Households headed by young adults owing student debt lag far behind their peers in terms of wealth accumulation. About four-in-ten U.S. households (37%) headed by an adult younger than 40 have some student debt—the highest share on record, with the median outstanding student debt load standing at about $13,ooo.
Student debt burdens are weighing on economic fortunes of younger Americans. Households headed by young adults owing student debt lag far behind their peers in terms of wealth accumulation. About four-in-ten U.S. households (37%) headed by an adult younger than 40 have some student debt—the highest share on record, with the median outstanding student debt load standing at about $13,ooo.