The Case for Personal Financial Education in Schools: Part 6
Debt Crosses Economic and Educational Lines and millennials are over-indebted regardless of education levels.
• 2/3 of all Millennials, and 80% of collegeeducated Millennials, carry at least one source of outstanding long-term debt
• 31% of all Millennials, and 44% of college educated Millennials, carry more than one source of outstanding long-term debt
Liabilities are particularly common among Millennials who are college-educated. A college degree may no longer be a guarantee of a better financial future.