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Millennials Are Facing $1 Trillion in Debt

  • Student loans make up the majority of 19-29 years old debt
  • Since 2009, mortgage debt up 3.2% while student loans up 102%
Bloomberg business news
The Best Way to Get Rid of Student Debt

More than a decade has passed since young Americans faced debt levels this high.

Debt among 19 to 29-year-old Americans exceeded $1 trillion at the end of 2018, according to the New York Federal Reserve Consumer Credit Panel. That’s the highest debt exposure for the youngest adult group since late 2007.