Household Debt in the US Heavy with Student Loans
Summary: Recent studies show that the average household is in over $135,000 of debt. Even without the added personal strain of an accident or illness, many consumers are living paycheck-to-paycheck, teetering on the edge every month when it comes to their budget.
"The constant stress plaguing student loan borrowers is a sad truth for many Americans today. The term ‘crisis’ has become associated with student loans, and most of us can attest to this as we either have student loans outstanding or know someone else who is struggling under their weight. For younger borrowers, with many in the 20- to 30-year-old range, monthly payments average over $350."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.
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