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Three generations share one problem: Student debt

Source: Jillian Harding, CBS MoneyWatch

It is the massive, and growing, financial burden weighing on three generations in the U.S.: student debt. Up to 40 percent of Americans have had to put off financial and personal goals in order to repay their college loans, data show.

According to a recent survey by AARP and the American Association of Young People, an advocacy group focused on reducing student debt, more than a third of millennials and baby boomers report not being able to buy a a home because of difficulty repaying that debt. A quarter of Gen-Xers said they'd been unable to buy a car because of student loans. 

Read Full Article: Three generations share one problem: Student debt

 
 
 

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