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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.
Published: Washington, District of Columbia: Pew Research Center, 2014
Physical description: 22 p.