US Politics in Trump era Public date: 19.05.2020 20:05:49

Publisher: PBS

Author:

14 Sep 2017

Twitter chat: Millennials stagger under extreme debt, but why?

The projected net worth for a graduate in the class of 2016 is -$33,984. And yes, that’s a negative net worth. Net worth, your financial liabilities minus your financial assets, is a major factor in millennial debt. Millennials, age 18-35, carry $1.1 trillion of the nation’s $3.6 trillion owed in consumer debt. The top contributors to that accumulated debt? Student loans, credit cards and car payments.
The projected net worth for a graduate in the class of 2016 is...

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