Millennials. They’re kind of a big deal. And, it’s understandable. They’re not only the largest generation, they’re also disrupting the status quo. Take marriage and starting a family, for example. They’re waiting later in life to settle down. Why? Unlike previous generations, Millennials face an uphill battle financially. They’re underemployed, face financial insecurity, and bogged down by massive student loan debt. In fact, the average Millennial has $48,000 in student loan debt.
Additionally, two-thirds have at least one source of long-term debt, such a student loan, home mortgage, or car loan, while 30 percent have more than one type of outstanding long-term debt. Read more…
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Originally syndicated from 32 memes that perfectly explain millennials and money
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