Student Debt Weighing on Economic Fortunes of Young Adults
Households headed by young adults owing student debt lag far behind their peers in terms of wealth accumulation and tend to carry larger amounts of other kinds of debt.
5 key findings about student debt
A record 37% of young households had outstanding student loans in 2010 and a median student debt of $13,000.
What will become of America’s kids?
When asked about the future prospects of “children today,” Americans generally said that when today’s kids grow up, they would be worse off financially than their parents. While this is a pretty glum judgment about what lies ahead for today’s children, Americans’ optimism resurfaces when people are asked about their own kids.
Chart of the Week: Do firefighters or musicians have richer parents?
How people’s incomes and jobs as adults compare with the households they grew up in.
6 new findings about Millennials
Key takeaways from the Pew Research Center survey, “Millennials in Adulthood.”
For Millennials, a bachelor’s degree continues to pay off, but a master’s earns even more
Millennials are the nation’s most educated generation in history in terms of finishing college. But despite the stereotype that today’s recent college graduates are largely underemployed, the data show that this generation of college grads earns more than ones that came before it.
Fed report says household borrowing is rebounding from Great Recession
Outstanding household debt increased $241 billion during last October-December, the biggest quarterly jump since 2007.
The Rising Cost of Not Going to College
College-educated Millennials are outperforming their less-educated peers on many economic measures. And the gap between the two groups is wider today compared with previous generations.
Anxious about the economy, more Americans worry about their jobs
About six-in-ten Americans worry that they will lose their jobs due to the current state of the economy.
Dow soars, but only about half of Americans will benefit
About half of all Americans own stocks, either directly or indirectly.