Young adults, student debt and economic well-being

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Author: Fry, Richard


Student debt burdens are weighing on the economic fortunes of younger Americans, as households headed by young adults owing student debt lag far behind their peers in terms of wealth accumulation. This report presents an economic and demographic portrait of households headed by persons younger than 40 and owing student debt. It compares them to similar households that do not have outstanding student loan balances. The analysis is based on the Survey of Consumer Finances, which also provides a richer demographic context than is available in credit report data.

Excerpts from publication.

Subjects: Economics; Finance; Demographics; Income; Students

Keywords: Financial aspects; Fees; Cost; Economics of education and training; Wellbeing

Geographic subjects: United States; North America

Published: Washington, District of Columbia: Pew Research Center, 2014

Physical description: 22 p.

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Resource type: Report

Call number: TD/TNC 116.290

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