The Case for Personal Financial Education in Schools: Part 3
Millennials Worry About Student Loans.
Student debt is common across demographic characteristics. Millennials are heavily leveraged on their educational investment, and many student-loan borrowers are troubled by this debt.
• 54% are concerned about their ability to repay their student loan debt
• 34% with annual household incomes above $75,000 are concerned they may not be able to repay their student loans
Debt obligations weigh on Millennials’ economic success.