Private Student Loan Debt Borrowers Compared to Non-Borrowers
by
Gregory Mark Fitzgerald on Feb. 28, 2019
Bankruptcy & Debt Credit & Debt Bankruptcy & Debt Collection Bankruptcy & Debt Bankruptcy
Summary: Studies have shown that the growing student loan bubble has effectively moved the goalposts of success for young people in the United States. It's not that millennials don't want to own homes, businesses, or cars; they simply cannot afford them.
"Student Loan Hero recently analyzed data regarding millennials with student loans, finding evidence that further validates concerns over the financial futures of this generation. More than ever, the average American considers higher education to be a prerequisite for entering adult life, but are still struggling over the demands it places on them. So widespread is this issue that the economy could be facing a major downturn down the line. Usually, one of the crowning achievements of graduating from college and getting a job is purchasing a home; because of the growing student loan bubble, millions of borrowers in the typical target range are feeling too restricted to even buy a starter home."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.
