Many Young Adults Have Taken on Debt. It Could Jeopardize Their ...

16 percent of young adults ages 18 to 24 with a credit record had debt in collections, an indicator that suggests people are having trouble making ends meet.

Urban Institute on LinkedIn: Many Young Adults Have Taken on ...

Many Young Adults Have Taken on Debt. It Could Jeopardize ...

Accumulating assets, debts in young adulthood - ScienceDirect.com

Accumulated assets and debts have a role to play in the transition to young adulthood. Young adults with greater accumulated assets likely have a better ...

Young Adults Struggle with Credit Card Debt - Thompson Law Office

The report shows that more than 15% of young credit card borrowers have maxed out their credit cards. This compares with only 5% of baby boomers and only 10 ...

The Impact of Debt on Young Adults' Financial Life Transitions

Many Millennials had reached their late 20s when the U.S. entered the ... Student loans can be helpful when students take on the right amount of debt.

Millennials and Student Loans: Rising Debts and Disparities

The good news is Millennials who earn a college degree are more likely to earn higher wages. Yet many young adults have found that pursuing education beyond ...

The Burden of Debt on Mental and Physical Health

According to an Associated Press health poll, approximately 10 to 16 million people in the US have reduced physical health due to high debts.

Student debt cancellation should consider wealth, not income

As enrollment numbers and tuition at higher education institutions grow, the rise in student debt is outpacing both. According to the Pew ...

Why Student Loan Debt Harms Low-Income Students the Most

The result was higher costs of college, which has led to larger loans. Low-income students are often left at a dramatic academic disadvantage in ...

Financial debts and subjective well‐being of young adults: An ...

To be specific, we estimated the direct relationships between student loans, credit card debt, and life satisfaction, as well as indirect ...

The Impacts of Individual and Household Debt on Health and Well ...

The adverse health impacts of unsecured debt include stress, anxiety, depression, and high blood pressure. Some people with unsecured debt have been victims of ...

Young Adults' Credit Trajectories Vary Widely by Race and Ethnicity

Because debt is a primary driver of wealth disparities, reducing disparities in credit outcomes would help close the racial and ethnic wealth ...

Young adults are so broke they're ruining their parents' retirements

Additionally, many younger Americans also dealt with skyrocketing home prices and student loan debt at some point in, or even throughout, their ...

Financial difficulties and suicide: taking a closer look at the numbers

More than 100,000 people in problem debt attempt suicide in England each year ... For some people, suicidal thoughts can develop into suicidal ...

National Debt and the Next Generation - Peter G. Peterson Foundation

The rise in student debt has implications for young people and the federal budget. Studies show that excessive student debt can lead to a range of negative ...

Disparities in Debt: Parents' Socioeconomic Resources and Young ...

Middle-income young adults may also have more trouble paying for college than their high-income counterparts, because their parents lack the ...

How Does Excessive Debt Hurt an Economy?

For example, if the transfers take the form of high levels of inflation or financial repression, they can raise business uncertainty and ...

Risks and Threats from Deficits and Debt

Threaten economic vitality: The recent surge in deficit spending has contributed to rapid near-term inflation and over time will result in ...

How Policymakers Can Address the Youth Debt Crisis

The State of Debt Among Young People · They have limited income. Most young adults are either enrolled in school or just beginning their careers.

Paying for It: How Health Care Costs and Medical Debt Are Making ...

Medical debt can have lasting financial consequences. More than a third of people reporting debt said they had used up all or part of their ...